Publication Type

Journal Article

Version

publishedVersion

Publication Date

11-2018

Abstract

Singapore is a key leading economy in the Asia Pacific region. This study examines the relationship between the financial health, as measured by the Altman Z-Score, and corporate performance, as measured by the Return on Equity (ROE), of listed manufacturing companies in this market. A linear regression has been conducted between these variables to determine the magnitude and direction of their relationships. The trends of Z-Scores over a five-year period have also been analysed.The analysis covers the period from 2013 to 2017 (inclusive) and yields a statistically positive correlation between ROE and the Z-Score for the market. Singapore registered relatively moderate-to-healthy mean and median Z-Scores. These findings further support the strong economic position of this market in Asia.

Keywords

Financial Health, Corporate Performance, Manufacturing, Altman Z-Score, Singapore, SGX

Discipline

Accounting | Corporate Finance

Research Areas

Financial Performance Analysis

Publication

Archives of Business Research

Volume

6

Issue

11

First Page

41

Last Page

47

ISSN

2054-7404

Identifier

10.14738/abr.611.5566

Publisher

Services for Science and Education

Copyright Owner and License

Publisher

Additional URL

https://doi.org/10.14738/abr.611.5566

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