Relationship between Google search and the Vietcombank stock
Author(s) -
Tien Phat Pham,
Sinh Duc Hoang,
Boris Popesko,
Sarfraz Hussain,
Abdul Quddus
Publication year - 2021
Publication title -
journal of eastern european and central asian research (jeecar)
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.223
H-Index - 5
eISSN - 2328-8280
pISSN - 2328-8272
DOI - 10.15549/jeecar.v8i4.748
Subject(s) - bankruptcy , accrual , market liquidity , financial statement , business , profitability index , bankruptcy prediction , financial ratio , leverage (statistics) , asset (computer security) , capital structure , stock (firearms) , asset quality , accounting , actuarial science , finance , economics , capital adequacy ratio , debt , profit (economics) , mechanical engineering , audit , earnings , computer security , computer science , engineering , machine learning , microeconomics
The overall objective of this research is to analyze the financial condition of failing companies prior to bankruptcy, in comparison with non-failing companies, which are matched on the industry, size, and time-period. The sample consists of 168 SMEs from the wholesale and retail industry, whose financial statements were analyzed for the 2011-2015 period. The analysis is primarily based on the ratio analysis and the models developed for bankruptcy prediction and financial statement manipulation. Mann-Whitney U test is used to compare differences between failing and non-failing SMEs for a set of twenty variables. Research findings indicate that there is a significant difference between failing and non-failing SMEs, especially in accruals, asset quality, leverage, profitability, and liquidity. For the very first time in the transition economy of CEE Bosnia and Herzegovina, the pre-bankruptcy behavior of failing SMEs is analyzed, providing insights into potentially manipulated areas, which represent the main contribution of the research.
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