International Journal of Financial Management

2024 | Volume 14 | Issue Issue 3

Analysing Impact of Economic and Firm Parameters on Z-Score of Selective Public Sector Banks of India: An Empirical Analysis

1. Hiren Jigarkumar Jani – Department Of Commerce, Maharaja Krishnakumarsinhji Bhavnagar University, Gujarat, India.

2. Butalal C. Ajmera – Department Of Commerce, Maharaja Krishnakumarsinhji Bhavnagar University, Gujarat, India.

Received
01-Apr-2025 		Accepted
- 		Published
01-Apr-2025
Abstract
The study focuses on the analysis of ‘z-score’ and checking the impact of economic as well as firm parameters on the former. The exploratory study applies the period from 2018–19 to 2022–23. The study utilises multiple regression analysis, the result indicates that, GDP (Gross Domestic Product) and CPI (Consumer Price Index) has influence on the ‘z-score’ of the selective public banks. The Age of the firm has also slight of the influence on ‘z-score’. The study is helpful for understanding the current status-quo of the public sector banks of the India. The overall improvement has been marked in every selected bank for the study.

DOI: https://doi.org/10.21863/ijfm/2024.14.3.004

Keywords Z-Score, GDP, Inflation, Bank, Financial Distress
Locked
Subscribed
Open Access
Open Access
Articles Journal Info Editorial Board Guidelines Pricing Info Peer Review & Publication Policy Submit Manuscript