TY  - JOUR
TI  - Predicting financial distress in the Indian textile sector
AU  - Rupesh Soni, Rashmi
AU  - Thonse Hawaldar, Iqbal
AU  - Sunny Vaswani, Anju
AU  - Spulbar, Cristi
AU  - Birau, Ramona
AU  - Loredana Minea, Elena
AU  - Mendon, Suhan
AU  - Criveanu, Maria Magdalena
T2  - Industria Textila
AB  - The purpose of this paper is to predict the financial distress of companies of the Indian textile sector using Altman Z
score. The analysis conducted on 161 listed textile companies in India for a period of 10 years from 2009 to 2018. All
the listed companies are categorized into large, medium, and small using the median split method based on the size of
total assets. Kruskal Wallis test is applied to test whether the mean z-score is different for each category of companies.
This research study shows that majority of the companies in the Indian textile sector are facing financial distress. Further,
it shows that the z score of small, medium, and large-scale textile companies in India is significantly different.
DA  - 2021/10/30/
PY  - 2021
DO  - 10.35530/IT.072.05.20214
DP  - DOI.org (Crossref)
VL  - 72
IS  - 05
SP  - 503
EP  - 508
SN  - 12225347
UR  - http://revistaindustriatextila.ro/images/2021/5/005%20RASHMI%20RUPESH%20SONI%20Industria%20Textila%20no%205_2021.pdf
Y2  - 2021/10/31/11:19:04
ER  -