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Financial Soundness of Cement Industry of Bangladesh: An Empirical Investigation Using Z-score

Author

Listed:
  • Mizan, A. N. K.

    (Faculty Member, Bangladesh Institute of Bank Management (BIBM), Dhaka, Bangladesh)

  • Hossain, Md. Mahabbat

    (Faculty Member, Bangladesh Institute of Bank Management (BIBM), Dhaka, Bangladesh)

Abstract

There are many techniques available for measuring a business firm's financial health. But, Altman’s Z-score has been proven to be a reliable tool across contexts. Bangladesh's cement industry is a unique one because the industry produces a higher amount of cement than the local demand having no supply of local raw materials. The study's main objective is to assess this industry's fundamental financial health using the Z-score model. All listed cement firms are considered in this study. The required information has been collected from the annual reports of the selected companies and other sources. The study revealed that two firms, Heidelberg cement, and Confidence Cement, are financially sound, whereas the others are not in a good position. The findings of the study can be helpful for the managers to take financial decisions, the stockholders to choose investment options, and others to look after their interest in the concerned cement manufacturers of the country.

Suggested Citation

  • Mizan, A. N. K. & Hossain, Md. Mahabbat, 2014. "Financial Soundness of Cement Industry of Bangladesh: An Empirical Investigation Using Z-score," American Journal of Trade and Policy, Asian Business Consortium, vol. 1(1), pages 16-22.
    • Handle: RePEc:ris:ajotap:0128
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    Cited by:

    1. Sharifa Akter Nipa, 2024. "Measuring Financial Soundness of Selected Cement Industries in Bangladesh," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(3), pages 142-157, March.

    More about this item

    Keywords

    Cement industry; Financial soundness; Prediction; Z-score;
    All these keywords.

    JEL classification:

    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics

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