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Non-systematic review of financial sustainability and financial distress

Raza, Hamad and Hassan Gillani, Syed Muhammad Ahmad and Ramakrishnan, Suresh and Hassan Gillani, Syed Muhammad Afraz and Qureshi, Muhammad Imran (2020) Non-systematic review of financial sustainability and financial distress. International Journal of Psychosocial Rehabilitation, 26 (6). pp. 885-900. ISSN 1475-7192

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Official URL: http://dx.doi.org/10.37200/IJPR/V24I6/PR260085


Every business entity starts its operations for the purpose of earning profit for undefine time period. Beside earning profit, firms also emphasize on their growth and business expansion. However, due to poor financial planning or unseen factors, firms could not achieve targets and eventually face financial distress and bankruptcy. Once any business fails or bankrupt then it damages not only business its self but also damages many stakeholders like banks, suppliers, creditor and economy over all. In past, particularly in recent financial crisis many researchers and practitioners are engaged in developing the models which can predict financial failure. This study conducted a nonsystematic review on the development different models related to financial distress and observed that which models used which technique and what factors (variables) have been incorporated. Moreover, this study highlighted main features and also criticized drawback of each model. As discussed earlier that every company wants to grow, but this growth must be rational and sustainable. If growth is not sustainable then it may lead towards financial trouble. Therefore, this study suggests that if sustainable growth rate (SGR) will be incorporated in prediction modeling than accuracy of models can be improved.

Item Type:Article
Uncontrolled Keywords:nonsystematic review, financial distress, financial sustainability, sustainability growth rate (SGR)
Subjects:H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions:International Business School
ID Code:90034
Deposited By: Yanti Mohd Shah
Deposited On:31 Mar 2021 14:37
Last Modified:31 Mar 2021 14:37

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