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

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

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
26-Jul-2024 		Accepted
20-Sep-2024 		Published
04-Oct-2024
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
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