Evaluation on the financial performance of the companies in Malaysia with Zmijewski model

Due to the rising competitiveness between businesses, it gets harder to earn huge profits in a business. There has been an increased emphasis on bankruptcy issue as the number of bankruptcy cases has grown over the last few decades. This has led to the evolution of numerous bankruptcy prediction mod...

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Main Authors:	Lam, Weng Siew, Lam, Weng Hoe, Lai, Jing Xin, Agnes, Bahaludin, Hafizah, Abdullah, Mimi Hafizah
Format:	Conference or Workshop Item
Language:	English
Published:	2019
Subjects:	QA Mathematics QA276 Mathematical Statistics
Online Access:	http://irep.iium.edu.my/73564/ http://irep.iium.edu.my/73564/ http://irep.iium.edu.my/73564/6/73564%20%20Evaluation%20on%20the%20Financial%20Performance.pdf

id	iium-73564
recordtype	eprints
spelling	iium-735642019-08-09T00:49:38Z http://irep.iium.edu.my/73564/ Evaluation on the financial performance of the companies in Malaysia with Zmijewski model Lam, Weng Siew Lam, Weng Hoe Lai, Jing Xin, Agnes Bahaludin, Hafizah Abdullah, Mimi Hafizah QA Mathematics QA276 Mathematical Statistics Due to the rising competitiveness between businesses, it gets harder to earn huge profits in a business. There has been an increased emphasis on bankruptcy issue as the number of bankruptcy cases has grown over the last few decades. This has led to the evolution of numerous bankruptcy prediction models that seek to address this issue. Since there is no overnight solution to a company‟s poor financial health, a bankruptcy prediction model helps in providing the decision makers with insights into the company‟s financial status, allowing them to take early recovery actions. This study aims to predict bankruptcy of the financial firms in Malaysia. Empirical analysis using Zmijewski model was conducted. Zmijewski model measures the performance, leverage, and liquidity of a company based on three financial ratios. The data of 31 financial companies that listed on Bursa Malaysia Stock Exchange were analysed from year 2013 to 2017. The results obtained revealed that APEX, BURSA, ECM, ELKDESA, INSAS, LPI, MAA, MPHBCAP, P&O, RCECAP, TA, and TUNEPRO are the 12 financially secured companies. The significance of this study reflects the bankruptcy predictive ability of Zmijewski model whereby the bankrupt and non-bankrupt firms are identified. 2019 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/73564/6/73564%20%20Evaluation%20on%20the%20Financial%20Performance.pdf Lam, Weng Siew and Lam, Weng Hoe and Lai, Jing Xin, Agnes and Bahaludin, Hafizah and Abdullah, Mimi Hafizah (2019) Evaluation on the financial performance of the companies in Malaysia with Zmijewski model. In: The 4th International Conference on Computing, Mathematics and Statistics 2019 (ICMS), 23rd-24th October 2019, Langkawi, Kedah. (Unpublished) https://docs.wixstatic.com/ugd/9483e7_41056858027c49119a423a9b2c017d45.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	QA Mathematics QA276 Mathematical Statistics
spellingShingle	QA Mathematics QA276 Mathematical Statistics Lam, Weng Siew Lam, Weng Hoe Lai, Jing Xin, Agnes Bahaludin, Hafizah Abdullah, Mimi Hafizah Evaluation on the financial performance of the companies in Malaysia with Zmijewski model
description	Due to the rising competitiveness between businesses, it gets harder to earn huge profits in a business. There has been an increased emphasis on bankruptcy issue as the number of bankruptcy cases has grown over the last few decades. This has led to the evolution of numerous bankruptcy prediction models that seek to address this issue. Since there is no overnight solution to a company‟s poor financial health, a bankruptcy prediction model helps in providing the decision makers with insights into the company‟s financial status, allowing them to take early recovery actions. This study aims to predict bankruptcy of the financial firms in Malaysia. Empirical analysis using Zmijewski model was conducted. Zmijewski model measures the performance, leverage, and liquidity of a company based on three financial ratios. The data of 31 financial companies that listed on Bursa Malaysia Stock Exchange were analysed from year 2013 to 2017. The results obtained revealed that APEX, BURSA, ECM, ELKDESA, INSAS, LPI, MAA, MPHBCAP, P&O, RCECAP, TA, and TUNEPRO are the 12 financially secured companies. The significance of this study reflects the bankruptcy predictive ability of Zmijewski model whereby the bankrupt and non-bankrupt firms are identified.
format	Conference or Workshop Item
author	Lam, Weng Siew Lam, Weng Hoe Lai, Jing Xin, Agnes Bahaludin, Hafizah Abdullah, Mimi Hafizah
author_facet	Lam, Weng Siew Lam, Weng Hoe Lai, Jing Xin, Agnes Bahaludin, Hafizah Abdullah, Mimi Hafizah
author_sort	Lam, Weng Siew
title	Evaluation on the financial performance of the companies in Malaysia with Zmijewski model
title_short	Evaluation on the financial performance of the companies in Malaysia with Zmijewski model
title_full	Evaluation on the financial performance of the companies in Malaysia with Zmijewski model
title_fullStr	Evaluation on the financial performance of the companies in Malaysia with Zmijewski model
title_full_unstemmed	Evaluation on the financial performance of the companies in Malaysia with Zmijewski model
title_sort	evaluation on the financial performance of the companies in malaysia with zmijewski model
publishDate	2019
url	http://irep.iium.edu.my/73564/ http://irep.iium.edu.my/73564/ http://irep.iium.edu.my/73564/6/73564%20%20Evaluation%20on%20the%20Financial%20Performance.pdf
first_indexed	2023-09-18T21:44:18Z
last_indexed	2023-09-18T21:44:18Z
_version_	1777413346465677312

Evaluation on the financial performance of the companies in Malaysia with Zmijewski model

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