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
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
Recommended Citation
Alojado, J. L., Javellana, C. T., & Liao, K. C. (2013). Relationship of financial performance measurements to Altman Z-Score: Pharmaceutical industry in selected Southeast Asian countries. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/11253