Record Details

Financial Soundness of Cement Industry of Bangladesh: An Empirical Investigation Using Z-score

American Journal of Trade and Policy

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Title Financial Soundness of Cement Industry of Bangladesh: An Empirical Investigation Using Z-score
 
Creator Mizan, A.N.K; Faculty Member, Bangladesh Institute of Bank Management (BIBM), BANGLADESH
Hossain, Md. Mahabbat; Faculty Member, Bangladesh Institute of Bank Management (BIBM), BANGLADESH
 
Subject Cement Industry, Financial Soundness, Prediction, Z-score
 
Description For measuring the financial health of a business firm, there are lots of techniques available. But the Altman’s Z-score has been proven to be a reliable tool across contexts. Bangladesh cement industry is a unique one because, the industry is producing a higher amount of cement than the local demand having no supply of local raw materials. The main objective of the study is to assess the fundamental financial health of this industry using Z-score model. All listed cement firms are considered in this study. The required information has been collected from the annual reports of the selected companies and from other sources.  The study revealed that two firms, Heidelbergcement and Confidence Cement, are financially sound whereas other three are not in a good position. The findings of the study can be useful for the managers to take financial decision, the stockholders to choose investment options and others to look after their interest in the concern cement manufacturers of the country.
 
Publisher Asian Business Consortium
 
Contributor —
 
Date 2014-04-03
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Identifier http://journals.abc.us.org/index.php/ajtp/article/view/544
10.18034/ajtp.v1i1.544
 
Source American Journal of Trade and Policy; Vol 1, No 1 (2014): Inaugural Issue; 16 - 22
2313-4755
2313-4747
 
Language en
 
Rights Copyright (c) 2015 A.N.K Mizan, Md. Mahabbat Hossain
http://creativecommons.org/licenses/by-nc/4.0