%0 Journal Article
%T An Analysis of Z-Scores & Performance: Manufacturing Companies in Hong Kong
%A Foo See Liang
%A Shaakalya Pathak
%J Asian Journal of Business and Management
%D 2019
%R 10.24203/ajbm.v7i2.5709
%X Hong Kong 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. Hong Kong registered relatively healthy mean and median Z-Scores. These findings further support the strong economic position of this market as an Asian giant.
%K [financial health
%K corporate performance
%K manufacturing
%K altman z-score
%K roe
%K hong kong
%K hkse
%K sehk]
%U https://www.ajouronline.com/index.php/AJBM/article/view/5709