Globally, financiers have become more concerned about allied survival than immediate economic gains. Most financial analysts use traditional richness metrics to gauge the monetary health of prospective firms immediately. However, these metrics are often lacking of the adequacy and precision wonted of the information they generate. Specifically, very productive valuations and firms’ financial stability versification are corporate finance indications which are not always next to with individualized industrialized analytics. This study aims to improve on this by equating the efficacy of the existing monetary health indicators of firms accompanying their perceived going concern indications generated utilizing the new measurement technique received in this study. Ex-post facto research was used in the study, that included 91 companies filed on the Nigerian Stock Exchange and the National Stock Exchange of India. Data analysis method involves multivariate regression analysis, ANOVA and Pearson equating. Results indicate that the going concern percentage (GCR) introduced in this place study has significant relationships accompanying firms’ earning capacity, allied financial stability percentage, Altman’s Z-score and Enyi’s relative solvency ratio (RSR). Nevertheless, the current percentage (CR) returned no significant friendship with GCR, indicating that the effectiveness of the current ratio in deciding corporate solvency rank is seriously impaired in spite of changing financing example.
Author(s) Details:
Enyi, Patrick Enyi,
Babcock
University, Ilishan-Remo, Nigeria.
Please see the link here: https://stm.bookpi.org/CABEF-V6/article/view/8740
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