Indian Journal of Accounting

PREDICTING CORPORATE FINANCIAL DISTRESS USING ALTMAN’S Z-SCORE MODEL – A STUDYOF SELECTED PUBLICLY TRADED TEXTILE COMPANIES OF BANGLADESH

Bidhan Chandra Mazumder — 2024-04-26

The aim of thisstudy isto predict the financial distress of the listed textile companies of Bangladesh using Altman’s Z-score model. The data for 5 recent years from 2016-17 to 2020-21,covering the COVID-19 aggression period 2019-20 to 2020-21, have been collected from 5samples which were chosen purposively from the textile companies listed in both Dhaka Stock Exchange and Chittagong Stock Exchange Ltd. The study reveals that although most of the samples had a turned around tendency in their financial performance measured by Z-score during the COVID-19 aggression period, some poor financial ratios caused two-fifth of the samples to fall in distress zone and the remaining samples in gray zone during the study period. In this context, the study assumes that in addition to covering various key issues in a strategic plan, the samples should consider other issues like cost-cutting, optimizing operational efficiency and the like that can help manage cash flows and keep the business a-going and avoid the risk of financial distress. Eventually, both the current and potential investors are assumed to have some insights from this study as to the financial health of relatively older listed textile companies of Bangladesh and also to easily adopt the technique used in this study to predict thefinancial health of the companies under the textile industry of Bangladesh. The study also assumes that it might create scope to further research for exploring the cause(s) behind its results.

AN OVERVIEW OF SECURITY ISSUES AND CHALLENGES RELATING TO BLOCKCHAINTECHNOLOGY

Himalaya Singh — 2024-12-31

Blockchain technology (BT) is one of the most popular problems in the recent years, it has already changed
people’slifestyle in some specific area due to its hugeeffect on many organizations or institute, and What itcan
do will still continue to cause impact in many places. Although the characterization of (BT) blockchain
technologies can bring us more reliable andsuitable services, the security issues and challenges behind this
modern technology are also an importanttopic that we need to worry about.

A STUDY ON IMPACT OF ARTIFICIAL INTELLIGENCE IN ACCOUNTANCY: A CASESTUDY OF SMALL SCALE INDUSTRIES OF ODISHA

Samira Patra — 2024-12-31

THE IMPACT OF ETHICAL ACCOUNTING PRACTICES (EMPOWERMENT-E’S) ANDCULTURAL ASPECTS ON ORGANIZATIONAL PERFORMANCE

Asha Sharma — 2024-12-31

Accounting ethics has become a big issue in the recent era of Industry 4.0. Now, it is far easy to manipulate data and create scams. The relevancy of accounting ethics and organizational culture are important factors to give the right path to management for achieving the motto of shareholders' wealth. Any organization's success is based on the level of commitment, values, ethics, and culture inside it. To further understand the impact of culture and empowerment E's on organizational performance, data was gathered through a structured questionnaire. Respondents' responses to standardized questionnaires were used to gather primary data. However, only 252 out of the 300 were complete and have been used for further research. A five-point Likert scale was used to analyze the findings. To assess how organizational culture affects performance, this study focuses on ethical accounting practices (six key Empowerment- E's). The hypotheses have been put to the test using the Kruskal-Wallis test. It can be concluded that there is a significant impact of empowerment aspects and cultural aspects on financial performance as well as market performance.

A STUDY ON BENEFICIARIES’ OPINIONS REGARDING PRADHAN MANTRA JAN DHAN YOJNA(PMJDY) SCHEME: WITH SPECIAL REFERENCE TO FINTEC TECHNOLOGY (MOBILE BANKING) IN CENTER GUJARAT REGION

Gaurangkumar C. Barot — 2024-12-31

Financial inclusion in the formal financial system of the under banked population could lead to improvement of their financial circumstances and living standards, empowering them to create financial assets, generate income and build resistance to meet macroeconomic and livelihood shocks. Indian Government and RBI are making enormous efforts to bring every section of the country into the mainstream financial system ever since the Nationalization of banks in 1969 and 1980 till today's adaptation of fintech, still there is a significant disparity between the growth expectations and the ground realities. The Indian banking sector today is dealing with the issue of financial inclusion. Operating cost of providing financial inclusion and charges levied on the users are important dimensions of the process of financial inclusion. Technology is playing an important role in reducing the operating cost of providing banking services, particularly in rural and unbanked areas. There are Banking technologies that could drive the growth in financial inclusion. The present study aims to examine the impact of Banking Technology and government initiatives towards financial inclusion conducted in selected villages and city of center Gujarat Area, surveying 400 rural households through a structured questionnaire. Descriptive research illustrating the extent of adaptation of Banking technology was mixed in nature still there is a long road ahead to achieve the desired results through technological advancement. No doubt it is playing a significant role and is working in a positive direction as the government is also pushing towards digitalization.

INVESTMENT OBJECTIVES AND SATISFACTION: A STUDY ON RETAIL INVESTORS OF DELHI-NCR

Tek Chand — 2024-12-31

In this article, an attempt has been made to study the retail investors’ investment objectives and satisfaction. For the assembling of the data, a well-framed close-ended google survey questionnaire link was forwarded through email to 130 targeted retail investors of Delhi-NCR. Out of which, 120 were responded. The analysis was carried out by using descriptive and inferential statistics (Suwardi & Rahardjo, 2022; Sharara & Nkomo, 2022). This study explores the components of investment objectives that contribute to the satisfaction level of retail investors (Kothari et al., 2020). The study hasdrawn the inference that there is an insignificant difference between population mean ofage, education and income groups pertaining to their investment objective, except in a few cases it shows the significant results, which means there is at least one group mean is different from the others. Further, the study ascertains that a sizable proportion of retail investors are highly stratified with their investment objectives of wealth creation, additional source of income, long-term investment growth and so on.

FINANCIAL OVERVIEW OF SELECT DEFENCE MANUFACTURING COMPANIES: AN INTER-FIRMCOMPARISON FROM INDIAN PERSPECTIVE

Sougata Mondal — 2024-12-31

The study has been undertaken to show the liquidity position, profitability and financial health of the major defence manufacturing companies as per the IBEF report published in February 2023. As India’s defence industry is becoming lucrative to the domesticas well as foreign investors with a market size of 11.3 Billion USD, this study delivers its usefulness towards its potential stakeholders.

CARBON DISCLOSURE PRACTICES: A BIBLIOMETRIC ANALYSIS

Prabhuti Rathore — 2024-12-31

An increasing interest in Carbon Disclosure study has been generated in recent years as a result of the phenomenon of climate change and its effects on the worldwide market. This study's goal is to conduct a bibliometric examination of prior research. We looked at research papers that used the keywords "Carbon Disclosure" and "Carbon Accounting Disclosure" and were available on the Dimensions Database. The current study makes use of VOSviewer software. Le Luo was discovered to be the author with the most influence, receiving 1802 citations. The most active contributor is Western Sydney University, Australia, with 30 articles and 1852 citations. The most active contributor is Western Sydney University, Australia, with 30 articles and 1852 citations. With 3958 citations, the USA is the most influential nation, followed by Australia (3328 citations). Business Strategy is ranked second with 33 publications, while SSRN Electronic Journal is first with 104 publications and 585 citations. Finally, it was discovered that between 2018 to 2022, the number of researchers studying carbon disclosure dramatically rose.

ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTING OF THE LISTED CORPORATES IN INDIA

Somnath Ghosh — 2024-12-31

DETERMINANTS OF QUALITY IN RESEARCH PUBLICATIONS- A FRAMEWORK

V. Usha Kiran — 2024-12-31

Publication of research work is the most important aspect in research. The work carried out in the research reaches various people interested in that particular field of research if published in a very good subject related journal. Users of the research work understand the contribution made by the researcher, the research methodology adopted, statistical tools used and conclusions emerging out of the study. For the academicians doing research and publishing is further important as they can abreast themselves with the latest updates in the field of research, helps them in establishing as an appraisal tool and also for the organization as a credential. In this context, all the research publications have to be assessed for their conceptual clarity, method of research and result analysis. The assessment is generally taken up with the help of citation analysis, number of downloads, textual analysis and so on. The present study aims at bringing out the quality of research papers published in journal by name "Indian Journal of Accounting ". An analysis of 154 papers published in the past 5 years have been assessed for their quality by considering the various parameters of quality such as abstract, key words, review of literature, research gap, statement of problem, research questions, research methodology, data presentation, structure of the report, referencing style and bibliography The study concludes that any research paper to be called as the best quality must have certain ingredients and the researcher should incorporate all such things so that the quality of the paper remains the best. The journals publishing the research work should mandatorily insist on fulfilling the criteria suggested by the researchers.

PERCEPTION ANALYSIS OF THE NON-BANKING SERVICE INDUSTRY AS A FINANCIAL INTERMEDIARY IN KERALA: UNDERSTANDING CUSTOMER SATISFACTION AND SERVICE QUALITY

Anjali K P — 2024-12-31

Kerala is a state with decades of tradition of financial intermediaries either organized or unorganized. The first registered NBFC in Kerala started its business in 2007. This paper aims to examine the perception of services availed by customers of NBFCs (Non-Banking Financial Companies) in Kerala. Primary data are collected using a personal interview method, directly from customers selected using stratified random sampling and convenience sampling methods from three districts of Kerala. Correlation and multiple regression analysis are used to analyze the result. The results imply significance of NBFCs in financial needs among common people is positively correlated to their perception of NBFC as a financial intermediary. Perception as a financial intermediary and the attitude of customers towards NBFC’s lending policies are positively correlated with the overall satisfaction of common people towards NBFC services. This study provides insight into the Significance of NBFC as a financial intermediary among common people at times of financial needs in society and their perceptions towards this parallel banking system.

COMPARISON OF DAIRY UNITS OF PUNJAB USING VARIOUS FINANCIAL HEALTH INDICATORS

Hetal Bhatia — 2024-12-31

In the year 2022, the Punjab dairy sector worth was Rs. 491 billion. The Punjab dairy sector was projected to grow at a compound annual growth rate of 14.7%. (Dairy Industry in Punjab: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution) The study aims to analyze the financial performance of selected dairy units in Punjab by using two selected financial health models such as the Springate Score Model and the Zmijewski Score Model.Data was gathered from the selected dairy units' annual reports, which covered the elevenyear period from 2010–2011 to 2020–21. It was concluded from the study that Bathinda and the Sangrur dairy units were in a financial distress zone and would go to bankruptcy in the near future. From the Zmijewski score, Patiala, Sangrur and Ludhiana dairy units were in the financial distress zone. Thus, the Sangrur dairy unit was a financially distressed zone as per both health models.