Identification of Financial Distressed Firms at Pakistan Stock Exchange Through Infusion of Corporate Social Responsibility Information into Altman Z-Score
Financial distress is one of the leading reasons for corporate default, foreclosure, and subsequent bankruptcy.Traditionally accounting information-based models have been used to identify the financially distressed firms.Inaccurate identification results in type-I and type- II errors.These errors are attributable to the elements of conservatism and