Financial Ratios as Predictor of Corporate Failure: The Nigerian Banking Sector in Focus

dc.creator	Emeni, F. K., Okafor, Chinwuba A.
dc.date	2006-07
dc.date.accessioned	2025-03-27T12:12:31Z
dc.description	This research work was carried out to predict corporate failure in banks through the use of financial ratios. Corporate failure and distress is a real possibility for any company. To analyse the data the Altman Z Score model of predicting corporate failure was used. Some of the findings was that the Altman Z Score model is an effective means of predicting failure and there is no relationship between the financial statement of distressed banks and those of healthy banks because, while the former revealed a Z score below 1.8 (likely to fail), the later revealed a Z score above 1.8 (not likely to fail). The conclusion was that, corporate failure as a process commences with poor management decision. Some recommendations were made based on the conclusion reached. Prominent among these recommendations is that, to forestall failure, banks would need to watch the appropriateness of their decisions.
dc.format	application/pdf
dc.identifier	http://eprints.covenantuniversity.edu.ng/2795/
dc.identifier.uri	https://repository.covenantuniversity.edu.ng/handle/123456789/32016
dc.language	en
dc.subject	HF5601 Accounting
dc.title	Financial Ratios as Predictor of Corporate Failure: The Nigerian Banking Sector in Focus
dc.type	Article

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