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An investigation of factors affecting financial distress: analysis among PN17 companies in bursa Malaysia / Suhaily Maizan Abdul Manaf, Nor Farah Hanim Amzah and Wan Anisabanum Salleh

Financial distress is a condition of problems in corporate.financing, in which there is a means of inability to pay to a creditor and is at risk of bankruptcy in the future. Those publicly listed companies having.financial problems and any related issues will fall under Practice Note 17 (PNl 7). To...

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Main Authors: Abdul Manaf, Suhaily Maizan, Amzah, Nor Farah Hanim, Salleh, Wan Anisabanum
Format: Article
Language:English
Published: 2021
Subjects:
Financial management. Business finance. Corporation finance
Online Access:https://ir.uitm.edu.my/id/eprint/109110/1/109110.pdf
https://ir.uitm.edu.my/id/eprint/109110/
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spelling my.uitm.ir.1091102025-01-31T23:59:09Z https://ir.uitm.edu.my/id/eprint/109110/ An investigation of factors affecting financial distress: analysis among PN17 companies in bursa Malaysia / Suhaily Maizan Abdul Manaf, Nor Farah Hanim Amzah and Wan Anisabanum Salleh iij Abdul Manaf, Suhaily Maizan Amzah, Nor Farah Hanim Salleh, Wan Anisabanum Financial management. Business finance. Corporation finance Financial distress is a condition of problems in corporate.financing, in which there is a means of inability to pay to a creditor and is at risk of bankruptcy in the future. Those publicly listed companies having.financial problems and any related issues will fall under Practice Note 17 (PNl 7). To have a better understanding, this study has aimed to examine the factors affecting.financial distress among the PNl 7 companies in Bursa Malaysia for ten years of analysis, using data from 2008 to 2017. A total of 154 observations have been taken from 17 companies by using the Pooled Ordinary Least Square (POLS) and Random Effect Model (Breusch and Pagan Lagrangian Multiplier Test). Profitability, si:,e of.fi rm, sales growth, liquidity, and leverage have been chosen as independent variables, while total debt acts as a dependent variable for this investigation. Findings suggest that liquidity, si:,e of firm, and leverage have a significant impact on .financial distress, while profitability and growth sales have it in the other direction. A further implication is that it is beneficial for those companies and investors to make wise decisions on short- and long-term investments towards their shareholdings. Keywords: Financial distress, Random Effect Model, PNl 7 companies. 2021 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/109110/1/109110.pdf An investigation of factors affecting financial distress: analysis among PN17 companies in bursa Malaysia / Suhaily Maizan Abdul Manaf, Nor Farah Hanim Amzah and Wan Anisabanum Salleh. (2021) Insight Journal (IJ) <https://ir.uitm.edu.my/view/publication/Insight_Journal_=28IJ=29/>, 8. pp. 182-198. ISSN 2600-8564
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Financial management. Business finance. Corporation finance
spellingShingle Financial management. Business finance. Corporation finance
Abdul Manaf, Suhaily Maizan
Amzah, Nor Farah Hanim
Salleh, Wan Anisabanum
An investigation of factors affecting financial distress: analysis among PN17 companies in bursa Malaysia / Suhaily Maizan Abdul Manaf, Nor Farah Hanim Amzah and Wan Anisabanum Salleh
description Financial distress is a condition of problems in corporate.financing, in which there is a means of inability to pay to a creditor and is at risk of bankruptcy in the future. Those publicly listed companies having.financial problems and any related issues will fall under Practice Note 17 (PNl 7). To have a better understanding, this study has aimed to examine the factors affecting.financial distress among the PNl 7 companies in Bursa Malaysia for ten years of analysis, using data from 2008 to 2017. A total of 154 observations have been taken from 17 companies by using the Pooled Ordinary Least Square (POLS) and Random Effect Model (Breusch and Pagan Lagrangian Multiplier Test). Profitability, si:,e of.fi rm, sales growth, liquidity, and leverage have been chosen as independent variables, while total debt acts as a dependent variable for this investigation. Findings suggest that liquidity, si:,e of firm, and leverage have a significant impact on .financial distress, while profitability and growth sales have it in the other direction. A further implication is that it is beneficial for those companies and investors to make wise decisions on short- and long-term investments towards their shareholdings. Keywords: Financial distress, Random Effect Model, PNl 7 companies.
format Article
author Abdul Manaf, Suhaily Maizan
Amzah, Nor Farah Hanim
Salleh, Wan Anisabanum
author_facet Abdul Manaf, Suhaily Maizan
Amzah, Nor Farah Hanim
Salleh, Wan Anisabanum
author_sort Abdul Manaf, Suhaily Maizan
title An investigation of factors affecting financial distress: analysis among PN17 companies in bursa Malaysia / Suhaily Maizan Abdul Manaf, Nor Farah Hanim Amzah and Wan Anisabanum Salleh
title_short An investigation of factors affecting financial distress: analysis among PN17 companies in bursa Malaysia / Suhaily Maizan Abdul Manaf, Nor Farah Hanim Amzah and Wan Anisabanum Salleh
title_full An investigation of factors affecting financial distress: analysis among PN17 companies in bursa Malaysia / Suhaily Maizan Abdul Manaf, Nor Farah Hanim Amzah and Wan Anisabanum Salleh
title_fullStr An investigation of factors affecting financial distress: analysis among PN17 companies in bursa Malaysia / Suhaily Maizan Abdul Manaf, Nor Farah Hanim Amzah and Wan Anisabanum Salleh
title_full_unstemmed An investigation of factors affecting financial distress: analysis among PN17 companies in bursa Malaysia / Suhaily Maizan Abdul Manaf, Nor Farah Hanim Amzah and Wan Anisabanum Salleh
title_sort investigation of factors affecting financial distress: analysis among pn17 companies in bursa malaysia / suhaily maizan abdul manaf, nor farah hanim amzah and wan anisabanum salleh
publishDate 2021
url https://ir.uitm.edu.my/id/eprint/109110/1/109110.pdf
https://ir.uitm.edu.my/id/eprint/109110/
_version_ 1823097872462118912
score 13.244413

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