Book

Description

Investors invest in a company after proper evaluation of the financial condition. If the company's financial condition is not satisfactory and volatile then the investors would change their decision of investment in those firms. In order to analyse a company’s financial performance an investor uses various tools such as ratio analysis, decision theory, etc. With the help of these tools it is possible to analyse only the present financial condition of the firm and not the future. As the present research work is to evaluate the probability of bankruptcy so a tool is required which could predict the probability of bankruptcy. The main purpose of the research work is to predict the existence of financial distress i.e. probability of existence of bankruptcy among Small Cap Pharmaceutical Companies listed in BSE and also to determine the impact of Z-Score variables on Stock Return.