Measuring Financial Health and Performance of the Oil and Natural Gas Companies in India

被引：0
|
作者：
Das, Sanjib [1 ]
Hassan, Mofidul [2 ]
Pachoni, Porag [3 ]
机构：
[1] Nazira HS & MP Sch, Accountancy Commerce, Sivasagar 785685, Assam, India
[2] Pandu Coll, Dept Econ, Gauhati 781012, Assam, India
[3] Pandit Deendayal Upadhyaya Adarsha Mahavidyalaya, Dept Management, Bongaigaon 783383, Assam, India
来源：
INDIAN JOURNAL OF ECONOMICS AND DEVELOPMENT | 2023年 / 19卷 / 04期
关键词：
Financial analysis; listed companies; oil and natural gas sector;
D O I：
10.35716/IJED-22475
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The study attempted to investigate the financial health and financial performance of the oil and natural gas companies in India. Financial health was measured using the Altman Z-score model, and financial performance was evaluated through the return on equity (ROE). Conclusions were drawn based on the data collected from five randomly selected oil and natural gas companies listed on India's leading stock exchanges. The findings highlighted financial health and performance distinctions between public and private sector companies, rooted in resource allocation and capacity utilisation variances. Nevertheless, the study established a robust and statistically significant positive correlation between financial health and performance. It was concluded that enhanced financial health corresponds to elevated financial performance and vice versa.
引用
收藏
页码：873 / 879
页数：7
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