Financial Ratios and the Prediction of Corporate Failure

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Overview

  • Author :R.A. Yadav
  • Year of Publication :1986
  • ISBN: :9788170220510
  • Language: :English
  • Binding: :Hard Bound
  • No of Pages: XVI, 196
  • Size: 23 cms
  • Categories: out of print

Out Of Print

About the Book :

The sickness In Indian Industry is spreading at an alarming rate. The malady is now extensively spread in large and medium size units with credit facilities of more than Rs 1 crore. In some states as many as 60% of small scale units are sick. Approximately Rs. 10,000 crores of money of public money of locked in these units, if rescheduling of payment is also considered as inability to meet the obligations in time. The rising of industrial sickness is causing anxiety and alarm. Parliament has passed a Sick Industrial companies (Special Provisions) Legislation, 1985 to secure timely detection of sickness and to take appropriate measures to stem it. Sickness in industry is an organic process causes of sickness are the same in different industries, these have to be diagnosed in each group. In fact, there is a need to predict onset of sickness in various industrial groups so that managerial actions could be taken well in time. If sickness can be predicted, the process of decision making can be made prompt and responsive. Can financial ratios be scientifically evolved to predict corporate sickness. Dr. R.A. Yadav believes they can and presents in this book a more scientific approach in financial ratio analysis in predicting the health of a company and its chances of survival or failure. A wide range of financial ratios have been empirically tested and a multi-ratio model has been developed which can be useful in monitoring sickness by managers and other executive staff of industrial units, banks, financial institutions and state-level corporations. The academcians and researchers will find various techniques which can be usefully employed in predicting sickness using advanced statistical techniques.


About Author :

R.A. Yadav is a Senior Faculty Member in Finance and Accounting Area at the Faculty of Management Studies (FMS), University of Delhi. He did his post-graduation specialising in Finance and Accounting with first position from Panjab University, Chandigarh and subsequently obtained Ph. D. from Delhi. He has a long teaching experience and is actively involved in research, training and consultancy. He has worked as a Senior Faculty Member in Northern India Banks Staff Training College, New Delhi. He is the founder member of Indian Financial Management Association and also on the Editorial Board of the Indian Journal of Finance and Research. He has published a number of research papers in reputed Journals and is the author of books namely Financial Rations and The Prediction of Corporate Failure; and Management and Monitoring of Industrial Sickness which won the DMA-ESCORTS Best Book Award 1986. His research papers entitled Working Capital Management: A Parametric Approach (1986); and Sick Industrial Companies Legislation: Remedy or the Palliative (1987) won the Best Article Awards 1986 and 1987 respectively of the Institute of Chartered Accountants of India.