Relationship of financial performance measurements to Altman Z-Score: Pharmaceutical industry in selected Southeast Asian countries

Date of Publication

2013

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

Subject Categories

Accounting

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Thesis Adviser

Joy Lynn Legaspi

Defense Panel Member

Cynthia P. Cudia

Merlinda N. Bucad

Abstract/Summary

Performance measurement is mainly the tool used by companies in assessing their progress towards achieving its goals, specifically giving the best value it can create for its stakeholders. Accounting measures used to be the most popular tool used by companies. However, because of the emergence of globalization and international markets, market-based measurement is perceived by many authors as the more appropriate tool to evaluate financial metrics (according and market-based) to Altman Z- Score for the period 2007-2011. The authors found out that for publicly-listed Pharmaceutical companies is Southeast Asian countries, when markets are in their normal state, market-based metrics have higher correlation with Altman Z-Score than accounting measures, thus is more reflective of the firm performance. This was done using Simple Regression Analysis.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU18218

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

55, 25 unnumbered leaves ; 28 cm.

Keywords

Pharmaceutical industry--Philippines--Econometric models; Costs and Cost Analysis

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