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Predicting Corporate Financial Distress: The Case of Pakistan
Global Social Sciences Review
In view of corporate lifecycle theory, financial distress is one of the fundamental phase in the life of a firm. Despite being unaffected by Global Financial Crises 2008, that time period proved critical for the corporate sector of Pakistan. This study aims to measures the firm-level financial distress in Pakistan by employing the bankruptcy models of Altman-(1968), Ohlson-(1980), Zmijewski-(1984) and JZ-(2016) for all nonfinancial firms for the years, 2002-2014. The major findings show thatdoi:10.31703/gssr.2018(iii-iii).28 fatcat:ozhe2ak4obc2jbb4vi6omod6wq