FINANCIAL PERFORMANCE ANALYSIS OF PAKISTAN BANKING SECTOR USING THE ALTMAN Z SCORE MODEL OF CORPORATE BANKRUPTCY
Publish place: Applied Research Journal، Vol: 1، Issue: 1
Publish Year: 1393
نوع سند: مقاله ژورنالی
زبان: English
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شناسه ملی سند علمی:
JR_ARJ-1-1_004
تاریخ نمایه سازی: 26 اسفند 1394
Abstract:
Commercial Banks are the most important contributor in the economic development of a country having a huge impact on capital and credit markets of the country. The aim of this study is to explore if commercial banks have financial difficulties. Data was gathered from commercial bankswhich were listed on Karachi Stock Exchange for the period 2009 to 2013. The results illustrate that all commercial banks in this model are in monetary troubles but in fact, those commercial banks are operating successfully. So, the Z score model is unable to predict bankruptcy (pecuniary Performance) of financial institutions (Commercial Banks).
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Authors
Ihsan Ilahi
Department of Management Sciences, University of Haripur, Pakistan.
Raja Ahmed Jamil
Department of Management Sciences, University of Haripur, Pakistan.
Sibtain kazmi
Department of Management Sciences, Abbottabad University of Science and Technology, Pakistan.
Naveeda Ilahi
Central Library Abdul Wali Khan University Mardan,