Evaluating financial performance of Saudi listed firms : using statistical failure prediction models
Joint Authors
Radi, Dina Salih Mirza
Sari, Adil
Source
The International Journal of Business Ethics and Governance
Issue
Vol. 2, Issue 1 (31 Jan. 2019), pp.1-15, 15 p.
Publisher
EuroMid Academy of Business and Technology
Publication Date
2019-01-31
Country of Publication
Turkey
No. of Pages
15
Main Subjects
Financial and Accounting Sciences
Abstract EN
The study aims to compare the classification power of three statistical failure prediction models: Altman model 1968, Kida model, and Zmijewski.
The purpose is to evaluate the financial performance of Saudi listed firms.
The study sample consists of 122 listed industrial companies on the Saudi Stock Exchange for the period from 2014 to 2016.
The results show that Zmijewski model is a more powerful tool in predicting the financial performance of Saudi listed firms than Altman model (1986), and Kida model.
In addition, the results showthat there are statistical relationships between some ratios included in the three models and the financal performance of industrial companies, which was measured by EPS.
The study recommended users of financial statements of Saudi listed companies use Zmijewski model, which performs well in evaluating their finacial position to be used when making the financial decisions-
American Psychological Association (APA)
Radi, Dina Salih Mirza& Sari, Adil. 2019. Evaluating financial performance of Saudi listed firms : using statistical failure prediction models. The International Journal of Business Ethics and Governance،Vol. 2, no. 1, pp.1-15.
https://search.emarefa.net/detail/BIM-1269374
Modern Language Association (MLA)
Radi, Dina Salih Mirza& Sari, Adil. Evaluating financial performance of Saudi listed firms : using statistical failure prediction models. The International Journal of Business Ethics and Governance Vol. 2, no. 1 (2019), pp.1-15.
https://search.emarefa.net/detail/BIM-1269374
American Medical Association (AMA)
Radi, Dina Salih Mirza& Sari, Adil. Evaluating financial performance of Saudi listed firms : using statistical failure prediction models. The International Journal of Business Ethics and Governance. 2019. Vol. 2, no. 1, pp.1-15.
https://search.emarefa.net/detail/BIM-1269374
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 13-15
Record ID
BIM-1269374