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I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.
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Table of Contents
ABSTRACT5
CHAPTER 16
Introduction6
Background7
Problem Statement12
Purpose of the study19
Hypotheses20
Significance of Study23
Delimitations25
Outline of Study26
CHAPTER 227
Literature Review27
Features of Financially Distressed and Bankruptcy Firms28
Bankruptcy Prediction Models31
Univariate Analyses31
Multivariate Models32
Corporate Identity and Change37
CHAPTER 339
Methodology39
Research Design41
Sample and Data42
Variable Selection45
Evaluation of Research47
Reliability48
Validity48
CHAPTER 450
Findings50
Risk Management and Corporate Scandals Local and International55
Transparency, Accountability and Risk Management58
Professional Accounting Bodies and guidance in regards to Risk Management63
Recommendations79
Suggestions for further research80
REFERENCES82
Corporate Governance and Audit Profession
Abstract
This work contributes to the literature of corporate governance, the analysis of the impact of management characteristics of companies in the conclusions of the UK registered companies financing. In particular, they examined the effect of board size, thickness and property management companies in the Debt / Equity described. We use a form of multiple regression to analyze how the variables affect government operations in the period to which UK companies use investment responsibility of their activities. After controlling for the profitability and development potential, we find that both board size and thickening of the property positively associated with debt-equity ratio.
Corporate Governance and Audit Profession
Chapter 1
Introduction
This chapter provides a background about the keywords of this research paper; financial ratios, financial distress and bankruptcy. It also presents the statement problem, the purpose of the study, the hypotheses, significance and the delimitation of study. The introductory chapter finally presents a brief outline on how the entire report is organized.
Background
Financial ratios are the most commonly used in understanding and interpreting corporate financial statements and in evaluating company's performance over time. These ratios identify irregularities, abnormalities and surprises that require further investigation to ascertain the current and future financial standing of a company (Barry and Jamie, 2002:638). In order to add meaning to the ratios, a benchmark is required when traditional ratio analysis technique is used in analyzing financial statements. Trend analysis and cross sectional analysis are the most commonly used ratio analysis techniques. In trend analysis, the company's performance is compared over time therefore the benchmark could be its previous years' financial ratios, budgeted financial ratios for the same period or the financial ratios for other profit centres or costs centres (Barry and Jamie, 2002:638).
With cross sectional analysis, the benchmark is the financial ratios of another company either in the same industry or in a different industry. However, comparing companies based on their financial ratios may be hindered due to a number of factors1 (Soffer, 2003; Anne & Ann, 2007). For example, cross sectional analysis will be hampered if the financial statements of companies are prepared using different accounting practices and ...