期刊名称：Petroleum-Gas University of Ploiesti Bulletin : Economic Sciences Series
印刷版ISSN：2284-8576
电子版ISSN：2247-8582
出版年度：2009
期号：4
页码：19-25
出版社：Petroleum-Gas University of Ploiesti
摘要：The financial position of listed companies is an issue that every stakeholder is concerned about verymuch. The management of the companies tries every means to improve the company's financial position,and hopes to maintain good trends in the future. Investors also pay close attention to companies'financial position and the investment decisions they make are based on this. The study is about theinvestigation of financial soundness of listed manufacturing companies for a period of 5 years, i.e. from2003 to 2007. The test of soundness as revealed by Z score (Altman's model) showed that the selectedcompanies were on the verge of failure. In order to save the companies from total bankruptcy, theirfinancial position should be improved without any further delay. To this aim, therefore, the necessity ofqualified trained and experienced management personnel, government realistic measure, participativemanagement, supply of adequate working capital, setting realistic goals, rectifying the accountability,motivating the achievement of performance and imposing penalty for non-achievement must be ensured inthe sample of selected listed companies. Hence, the appropriate authority should take immediatemeasures for the removal of bankruptcy
