Open AccessAssessment of Financial Performance – A Study on GIC R
Author(s) -
Pritam Dhara,
Sayan Basu
Publication year - 2021
Publication title -
international journal of advanced research in science, communication and technology
Language(s) - English
Resource type - Journals
ISSN - 2581-9429
DOI - 10.48175/ijarsct-767
Subject(s) - bankruptcy , financial distress , corporation , test (biology) , actuarial science , sample (material) , accounting , business , finance , management , economics , financial system , paleontology , chemistry , chromatography , biology
Forecasting Financial Distress is always being an interesting area for the researchers due to its vital role for the organizations, stakeholders and the participants in general. Various signs of business failures are usually evident long before official bankruptcy of any form, be it re-organization or liquidation. The present aims to analyze the financial performance of General Insurance Corporation of India (GIC Re) using Alman’s Z score & Ohlson’s O-score model. It also tries to measure the significant difference between Z-scores and O-scores using independent sample t-test.