Non-systematic Review of Financial Sustainability and Financial Distress

Authors

  • Hamad Raza Lyallpur Business School (LBS), Government College University, Faisalabad, Pakistan, Azman Hashim International Business School ( Author

DOI:

https://doi.org/10.61841/mdfp1e02

Keywords:

Nonsystematic review,, financial distress,, financial sustainability,, sustainability growth rate (SGR)

Abstract

Every business entity starts its operations for the purpose of earning profit for undefine time period. Beside earning profit, firms also emphasize on their growth and business expansion. However, due to poor financial planning or unseen factors, firms could not achieve targets and eventually face financial distress and bankruptcy. Once any business fails or bankrupt then it damages not only business its self but also damages many stakeholders like banks, suppliers, creditor and economy over all. In past, particularly in recent financial crisis many researchers and practitioners are engaged in developing the models which can predict financial failure. This study conducted a nonsystematic review on the development different models related to financial distress and observed that which models used which technique and what factors (variables) have been incorporated. Moreover, this study highlighted main features and also criticized drawback of each model. As discussed earlier that every company wants to grow, but this growth must be rational and sustainable. If growth is not sustainable then it may lead towards financial trouble. Therefore, this study suggests that if sustainable growth rate (SGR) will be incorporated in prediction modeling than accuracy of models can be improved.

Downloads

Download data is not yet available.

References

1. Altman, E. I. (1968). Financial ratios, discriminant analysis and the prediction of corporate bankruptcy.

The journal of finance, 23(4), 589-609.

2. Adrutdin, K. F., Ali, A., Hassan, S., Jaafar, J., A Rahim, N. S., Qureshi, M. I. (2018). The Relationship between Knowledge for Customer and Service Quality on Customer Satisfaction: A Study on UniKL MITEC Student Services. International Journal of Engineering & Technology, 7(2.29), 69–72. https://doi.org/10.14419/ijet.v7i2.29.13132

3. Afzal, S., Ahmad, K., Qureshi, M., Zaman, K., & Khan, N. (2014). Empirical analysis of university- industry R & D collaboration: Evidence from Pakistan. Management Science Letters, 4(8), 1725–1740.

4. Ahmad, A., Irshad, Z., & Qureshi, M. I. (2016). Impact of Transformational Leadership on Organizational Performance: A Case Study of Banks in Pakistan. IBA Business Review, 11(2).

5. Ahmad, M. H. B. H., Sarmin, N. H., & Qureshi, M. I. (2018). Selected Peer-Reviewed Articles from the International Conference on Science, Engineering, Management and Social Sciences (ICSEMSS 2016), Johor Bahru, Malaysia, 6–8 October, 2016. Advanced Science Letters, 24(6), 3823–3824. https://doi.org/10.1166/asl.2018.13052

6. Alamer, A. R. A., Salamon, H. Bin, Qureshi, M. I., & Rasli, A. M. (2015a). A New Business Process and Outcome Oriented Corporate Social Responsibility Index for Islamic Banking. International Journal of Economics and Financial Issues, 5(1S), 207–214. Retrieved from http://www.econjournals.com/index.php/ijefi/article/view/1386

7. Alamer, A. R. A., Salamon, H. Bin, Qureshi, M. I., & Rasli, A. M. (2015b). CSR’s measuring corporate social responsibility practice in Islamic banking: A review. International Journal of Economics and Financial Issues, 5(Special Issue)), 198–206.

8. Ali M., & Q. M. I. (2018). Social entrepreneurs’ musings: A premise for value creation. International Journal of Engineering and Technology(UAE), 7(4), 411–414.

9. Ali, M., Qureshi, M. I., & Mustapha, I. (2019). SROI in Social Enterprises: A Systematic Literature Review of Recent Trends and Future Agenda. Societal Entrepreneurship and Competitiveness, Emerald Publishing Limited, 203–226.

10. Ashfaq M, Q. M. I. I. S. I. F. H. R. (2018). Mediating role of psychological contract in the relationship between workplace spirituality and affective commitment. International Journal of Engineering and Technology(UAE), 7(3.30), 369–373.

11. Amouzesh, N., Moeinfar, Z., & Mousavi, Z. (2011). Sustainable growth rate and firm performance: evidence from Iran stock exchange. International Journal of Business and Social Science, 2(23).

12. Ashta, A. (2008). Sustainable growth rates: refining a measure. Strategic Change, 17(5‐6), 207-214.

13. Baharum, Z., Venkatesan, Y. R., Raidzuan, S. N. M., & Qureshi, M. I. (2018). The development of simulation model on environmental uncertainty factors for interval project completion. International Journal of Engineering & Technology, 7(2.29), 62–66.

14. Beaver, W. H. (1966a). Financial ratios as predictors of failure. Journal of accounting research, 71-111.

15. Beaver, W. H. (1966b). Financial ratios as predictors of failure. Journal of accounting research, 4, 71- 111.

16. Bhatti, M. N., Sami, A., & Qureshi, I. (2018). Personality and academic performance among graduate students. Asia Proceedings of Social Sciences, 2(3), 256–259. https://doi.org/10.31580/apss.v2i3.454

17. Bibi, S., Iftikhar, M., Qureshi, M. I., Khan, K., & Zaman, K. (2013). Exploring the relationship among professional competence , job satisfaction and Career development confidence of chefs : an empirical

research in Pakistan, 60, 16489–16497Booth, P. J. (1983). Decomposition measures and the prediction of financial failure. Journal of Business Finance & Accounting, 10(1), 67-82.

18. Chen, S., Härdle, W., & Moro, R. (2011). Modeling default risk with support vector machines.

Quantitative Finance, 11(1), 135-154.

19. Clarkson, P. M., Overell, M. B., & Chapple, L. (2011). Environmental reporting and its relation to corporate environmental performance. Abacus, 47(1), 27-60.

20. Deakin, E. B. (1972). A discriminant analysis of predictors of business failure. Journal of accounting research, 167-179.

21. Deakin, E. B. (1976). Distributions of financial accounting ratios: some empirical evidence. The Accounting Review, 51(1), 90-96.

22. Eisenbeis, R. A., & Avery, R. B. (1972). Discriminant analysis and classification procedures: theory and applications.

23. Fitzpatrick, P. J. (1932). A comparison of the ratios of successful industrial enterprises with those of failed companies.

24. Fonseka, M., Constantino García Ramos, & Gao-liang Tian, X. a. J. (2012). Which Sustainable Growth Rate (SGR) Estimator is Better for Managers and Researchers? The Journal of Applied BusinessResearch, 28(3).

25. Frydman, H., Altman, E. I., & Kao, D. L. (1985). Introducing recursive partitioning for financial classification: the case of financial distress. The journal of finance, 40(1), 269-291.

26. Gillani, S. M. A. H., Ramakrishnan, S., Raza, H., & Ahmad, H. (2018). Review of Corporate Governance Practices and Financial Distress Prediction. International Journal of Engineering & Technology, 7(28), 30-33.

27. Hannan, M. T., & Freeman, J. (1984). Structural inertia and organizational change. American Sociological Review, 49, 149-164.

28. Higgins, R. C. (1977a). How much growth can a firm afford? Financial management, 10(4), 7-16.

29. Higgins, R. C. (1977b). How much growth can a firm afford? Financial management, 7-16.

30. Higgins, R. C. (1981). Sustainable growth under inflation. Financial management, 10(4), 36-40.

31. Haider, S., Shah, A., Abbas, S. G., Qureshi, M. I., & Lumpur, U. K. (2016). Impact of HR Practices and Turnover Intentions in banking sector of. Abasyn Journal of Social Sciences,(Special Issue), 415–433.

32. Harasis A. A., Q. M. I. & R. A. (2018). Development of research continuous usage intention of e- commerce. A systematic review of literature from 2009 to 2015. International Journal of Engineering & Technology, 7(2.29 (2018)), 73–78.

33. Hishan, S. S., Ramakrishnan, S., Manokaran, K. R., Jusoh, A., Qureshi, M. I., Idris, N., & others. (2018). Flood Disaster Management as A CSR Agenda for the Malaysian Listed Companies. The Journal of Social Sciences Research, (SPI 2), 477–482. https://doi.org/10.32861/jssr.spi2.477.482

34. Hishan, S. S., Sasmoko, Khan, A., Ahmad, J., Hassan, Z. Bin, Zaman, K., & Qureshi, M. I. (2019). Access to clean technologies, energy, finance, and food: environmental sustainability agenda and its implications on Sub-Saharan African countries. Environmental Science and Pollution Research, 26(16), 16503–16518. https://doi.org/10.1007/s11356-019-05056-7

35. Ibrahim, Z. L., Khan, A., Ramli, J. Bin, & Qureshi, I. M. (2019). Relationship among Vocational Preference, Self Concept and Educational Needs of Married Women in Women Center for Continuing

Education, Sokoto State of Nigeria. Indian Journal of Public Health Research & Development, 10(6), 1330. https://doi.org/10.5958/0976-5506.2019.01481.5

36. Iftikhar, M., & Qureshi, M. I. (2014). Modeling the Workplace Bullying the Mediator of “Workplace Climate-Employee Health” Relationship. Journal Of Management Info. Retrieved from http://jmi.readersinsight.net/index.php/jmi/article/view/27

37. Iftikhar, M., Shahid, M. U., Shahab, M. H., Mobeen, M., & Qureshi, M. I. (2016). Exploring the relationship among organizational citizenship behavior, psychological empowerment and turnover intensions with the mediating role of affective commitment. International Review of Management and Marketing, 6(4), 296–304.

38. Iqbal, A., Agha, K., Nabi, A. A., Ali, A., & Qureshi, M. I. (2017). Financial Policy and Capital Structure Choice in Pakistan SMEs: Empirical Evidence from Company Panel Data. Abasyn Journal of Social Sciences, 2017(AIC), 358–375.

39. Irfan A., R. A. S. Z. S. A. Q. M. I. (2018). Use of social media sites by Malaysian universities and its impact on university ranking. International Journal of Engineering and Technology(UAE), 7(4.28), 67– 71.

40. Irfan, A., Rasli, A., Sulaiman, Z., Sami, A., & Qureshi, M. I. (2019). The Influence of Social Media on Public Value: A Systematic Review of Past Decade. Journal of Public Value and Administration Insights, 2(1), 1–6. https://doi.org/10.31580/jpvai.v2i1.481

41. Irum, S., Imran Qureshi, M., Ashfaq, M., Sami, A., N. Bhatti, M., & Umar, A. (2018). A Review of Green Supply Chain Management Practices in Asian Countries. International Journal of Engineering & Technology, 7(2.29), 1094. https://doi.org/10.14419/ijet.v7i2.29.14319

42. Jamil, F., Ismail, K., Mahmood, N., Khan, N. U., & Siddique, M. (2015). Technology incubators and institutional development. Jurnal Teknologi, 77(23), 113–120. https://doi.org/10.11113/jt.v77.6702

43. Jamil, F., Ismail, K., Siddique, M., Khan, M. M., Kazi, A. G., & Qureshi, M. I. (2016). Business incubators in Asian developing countries. International Review of Management and Marketing, 6(4), 291–295. Retrieved from

http://www.econjournals.com/index.php/irmm/article/view/2501%5Cnhttps://www.scopus.com/inward/r ecord.uri?eid=2-s2.0-84970027707&partnerID=40&md5=a904b3fa81db30b067742e8da83d9f72

44. Jamil, R. A., Iftikhar, M., Arif, S., Bibi, S., Qureshi, M. I., & Zaman, K. (2012). A survey of student perceptions of team-based learning : assessment of Pakistan and UK students. Elixir Mgmt. Arts, 50, 10475–10479.

45. Khan, A., Lodhi, M. S., Qureshi, M. I., Naseem, I., Javed, Y., & Zaman, K. (2014). Management of project changes in construction companies: Case of Pakistan. World Applied Sciences Journal, 29(2), 252–261. https://doi.org/10.5829/idosi.wasj.2014.29.02.1867

46. Khan F Khan Q, M. M. S. M. I. Q. (2018). Moderating Effect of Social Support on the Relationship between Workload andDisengagement among the Academicians. Journal of Managerial Sciences, 11(3), 432–444.

47. Khan, M. I., Awan, U., Yasir, M., Mohamad, N. A. Bin, Shah, S. H. A., Qureshi, M. I., & Zaman, K. (2014). Transformational leadership, emotional intelligence and organizational commitment: Pakistan’s services sector. Argumenta Oeconomica, 33(2), 67–92. https://doi.org/10.15611/aoe.2014.2.04

48. Khan, N. U. (2014). Examining the Moderating Role of Self-monitoring in Predicting Employees

Speaking Up Behavior at Workplace. Journal of Management Info, 1(2), 21–27. https://doi.org/10.31580/jmi.v2i1.5

49. Khan, N. U., Qureshi, M. I., Rasli, A. M. D., & Ahmad, A. (2015). The Impact of Multiple Organizational Climates on Performance of Public Sector Organizations: Evidences form Pakistan. International Journal of Economics and Financial Issues, 5(1S), 270–276.

50. Khan, N. U., Rasli, A. M., & Qureshi, M. I. (2017). Greening human resource management: A review policies and practices. Advanced Science Letters, 23(9), 8934–8938. https://doi.org/10.1166/asl.2017.9998

51. Latif, K., Ismail, M. N., Nazri, M., Nor, M. R. M., & Qureshi, M. I. (2018). Exploring Underpinning of Outsourcing Success: A case of Mul-tinational Automotive group in Malaysia. International Journal of Engineering & Technology, 7(4.28), 40–46.

52. Latif, K., Ismail, M. N., Nazri, M., Nor, M. R. M., Qureshi, M. I., & others. (2018). Thematic Review for Modeling of Outsourcing Theories. The Journal of Social Sciences Research, (SPI 2), 303–311. https://doi.org/10.32861/jssr.spi2.303.311

53. Lim, J. S., Lim, K. S., Heinrichs, J. H., Al-Aali, K., Aamir, A., & Qureshi, M. I. (2018). The role of hospital service quality in developing the satisfaction of the patients and hospital performance. Management Science Letters, 8(12), 1353–1362. https://doi.org/10.5267/j.msl.2018.9.004

54. Mahdin, H., Raidzuan, S. N. M., Baharum, Z., Qureshi, M. I., & Hanif, M. (2018). Simulation Model on Movement of Goods in Sea Freight for Small and Medium Enterprise.

55. Mansoor Nazir Bhatti Amran Rasli, M. H. M. I. Q. (2018). Relationship Between Personality Traits And Academic Stress Among Postgraduate Students In Pakistan. The European Proceedings of Social & Behavioural Sciences, 40, 583–591.

56. Muhammad Ashfaq Rabeatul Husna Fadillah Ismail Sobia Irum, M. I. Q. (2018). Effect Of Workplace Spirituality On The Affective Commitment Of Pakistani Bank Employees. The European Proceedings of Social & Behavioural Sciences, 40, 525–532.

57. Muhammad, I. Q., Mansoor, B., Aamir, K., & Khalid, Z. (2014). Measuring queuing system and time standards: A case study of student affairs in universities. African Journal of Business Management, 8(2), 80–88. https://doi.org/10.5897/ajbm2013.7247x

58. Nor, M. R. M., Latif, K., Ismail, M. N., Nazrid, M., Qureshie, M. I., & others. (2018). Palestine Conflict: An Another Perspective from the Realm of Confiscation of Land and Legitimization. The Journal of Social Sciences Research, (SPI 2), 367–375. https://doi.org/10.32861/jssr.spi2.367.375

59. Latief, R., Syed, H., & Syed, A. (2014). Impact of Corporate Governance on Performance of Privatized Firms; Evidence from Non-Financial Sector of Pakistan. Middle-East Journal of Scientific Research, 19(3), 360-366.

60. Modigliani, F., & Miller, M. H. (1958). The cost of capital, corporation finance and the theory of investment. The American, 1, 3.

61. Mubeen, M. (2017). Sustainable growth of non-financial firms: Evidence from emerging economies.

Bilkent University,

62. Ohlson, J. A. (1980). Financial ratios and the probabilistic prediction of bankruptcy. Journal of accounting research, 109-131.

63. Qureshi, M. I. (2012). Customer Satisfaction Measurement and Analysis Using Six Sigma in Telecom

Sector of Pakistan. EUROPEAN JOURNAL OF SUSTAINABLE DEVELOPMENT, 1(1), 53–68.

64. Qureshi, M. I., Awan, U., Arshad, Z., Rasli, A. M., Zaman, K., & Khan, F. (2016). Dynamic linkages among energy consumption, air pollution, greenhouse gas emissions and agricultural production in Pakistan: sustainable agriculture key to policy success. Natural Hazards, 84(1), 367–381. https://doi.org/10.1007/s11069-016-2423-9

65. Qureshi, M. I., Bhatti, M. N., Rasli, A. M., Yasir, M., & Zaman, K. (2014). The Delphi method for internationalization of higher education in Pakistan: Integrating theory of constraints and quality function deployment. Mediterranean Journal of Social Sciences, 5(20), 2702–2710. https://doi.org/10.5901/mjss.2014.v5n20p2702

66. Qureshi, M. I., Elashkar, E. E., Shoukry, A. M., Aamir, A., Mahmood, N. H. N., Rasli, A. M., & Zaman,

K. (2019). Measuring the ecological footprint of inbound and outbound tourists: evidence from a panel of 35 countries. Clean Technologies and Environmental Policy. https://doi.org/10.1007/s10098-019-01720- 1

67. Qureshi, M. I., Hassan, M. A., Hishan, S. S., Rasli, A. M., & Zaman, K. (2017). Dynamic linkages between sustainable tourism, energy, health and wealth: Evidence from top 80 international tourist destination cities in 37 countries. Journal of Cleaner Production, 158, 143–155. https://doi.org/10.1016/j.jclepro.2017.05.001

68. Qureshi, M. I., Iftikhar, M., Abbas, S. G., Hassan, U., Khan, K., & Zaman, K. (2013). Relationship between job stress, workload, environment and employees turnover intentions: What we know, what should we know. World Applied Sciences Journal, 23(6), 764–770. https://doi.org/10.5829/idosi.wasj.2013.23.06.313

69. Qureshi, M. I., Iftikhar, M., Bhatti, M. N., Shams, T., & Zaman, K. (2013). Critical elements in implementations of just-in-time management: Empirical study of cement industry in Pakistan. SpringerPlus, 2(1), 1–14. https://doi.org/10.1186/2193-1801-2-645

70. Qureshi, M. I., Iftikhar, M., Janjua, S. Y., Zaman, K., Raja, U. M., & Javed, Y. (2015). Empirical investigation of mobbing, stress and employees’ behavior at work place: quantitatively refining a qualitative model. Quality and Quantity, 49(1), 93–113. https://doi.org/10.1007/s11135-013-9976-4

71. Qureshi, M. I., Janjua, S. Y., Zaman, K., Lodhi, M. S., & Tariq, Y. Bin. (2014). Internationalization of higher education institutions: Implementation of DMAIC cycle. Scientometrics, 98(3), 2295–2310. https://doi.org/10.1007/s11192-013-1163-9

72. Qureshi, M. I., Khan, A., & Zaman, K. (2012). Structural Investigation of Service Quality in Conventional and Islamic Banking in Pakistan. International Review of Management and Marketing, 2(2), 99–105. Retrieved from www.econjournals.com

73. Qureshi, M. I., Khan, A., Zaman, K., & Khaqan, N. (2014). Structural investigation of service quality in conventional and islamic banking in pakistan. International Journal of Management and Innovation, 6(1), 84.

74. Qureshi, M. I., Khan, K., Bhatti, M. N., Khan, A., & Zaman, K. (2012). Quality function deployment in higher education institutes of Pakistan. Middle East Journal of Scientific Research, 12(8), 1111–1118. https://doi.org/10.5829/idosi.mejsr.2012.12.8.1639

75. Qureshi, M. I., Khan, N. U., Rasli, A. M., & Zaman, K. (2015). The battle of health with environmental evils of Asian countries: promises to keep. Environmental Science and Pollution Research, 22(15),

11708–11715. https://doi.org/10.1007/s11356-015-4440-8

76. Qureshi, M. I., Md. Rasli, A., Jusoh, A., & Kowang, T. O. (2015). Sustainability: A new manufacturing paradigm. Jurnal Teknologi, 77(22), 47–53. https://doi.org/10.11113/jt.v77.6661

77. Qureshi, M. I., Qayyum, S., Nassani, A. A., Aldakhil, A. M., Abro, M. M. Q., & Zaman, K. (2019). Management of various socio-economic factors under the United Nations sustainable development agenda. Resources Policy, 64, 101515.

78. Qureshi, M. I., Rasiah, R. A., Al-Ghazali, B. M., Haider, M., Jambari, H., Iswan, & Sasmoko. (2019). Modeling Work Practices under Socio-Technical Systems for Sustainable Manufacturing Performance. Sustainability, 11(16), 4294. https://doi.org/10.3390/su11164294

79. Qureshi, M. I., Rasli, A. M., Awan, U., Ma, J., Ali, G., Faridullah, … Zaman, K. (2015). Environment and air pollution: health services bequeath to grotesque menace. Environmental Science and Pollution Research, 22(5), 3467–3476. https://doi.org/10.1007/s11356-014-3584-2

80. Qureshi, M. I., Rasli, A. M., & Zaman, K. (2014). A New Trilogy to Understand the Relationship among Organizational Climate, Workplace Bullying and Employee Health. Arab Economic and Business Journal, 9(2), 133–146. https://doi.org/10.1016/j.aebj.2014.05.009

81. Qureshi, M. I., Rasli, A. M., & Zaman, K. (2016). Energy crisis, greenhouse gas emissions and sectoral growth reforms: Repairing the fabricated mosaic. Journal of Cleaner Production, 112, 3657–3666. https://doi.org/10.1016/j.jclepro.2015.08.017

82. Qureshi, M. I., Rustam, A., Rustam, S., Umar, A. Bin, & Zaman, K. (2012). Measuring Bank Branch Performance in Pakistan: Data Envelopment Analysis (DEA). Oeconomics of Knowledge, 4(4), 25–40.

83. Qureshi, M. I., Rustum, A., Rustum, S., Omar, A. Bin, & Zaman, K. (2013). Factors influencing customer satisfaction in banking sector of Pakistan. Report and Opinion, 5(2), 35–39.

84. Qureshi, M. I., Saleem, M. A., Abbas, Z., & Qasuria, A. W. (n.d.). A CONCEPTUAL FRAMEWORK: ENSURING THE DETERMINATION AND IMPACT ON ADOPTION OF MECHANISM FOR PROCESSING MICROFINANCE.

85. Qureshi, M. I., Yusoff, R. M., Ahmed, A. R., Isa, K., & Imran, A. (2017). Linking quality of work life with sustainable manufacturing performance. Advanced Science Letters, 23(9), 8232–8235. https://doi.org/10.1166/asl.2017.9867

86. Qureshi, M. I., Yusoff, R. M., Hishan, S. S., Alam, A. F., Zaman, K., & Rasli, A. M. (2019). Natural disasters and Malaysian economic growth: policy reforms for disasters management. Environmental Science and Pollution Research, 26(15), 15496–15509. https://doi.org/10.1007/s11356-019-04866-z

87. Qureshi, M. I., & Zaman, K. (2011). Waiting Time Management in the Student Affair / Admissions Offices: a Case Study of Pakistani Universities. Journal of Marketing and Operations Management Research, 1(2), 143.

88. Qureshi, M. I., Zaman, K., & Bhatti, M. N. (2011a). The impact of culture and gender on leadership behavior: Higher education and management perspective. Management Science Letters, 1(4), 531–540. https://doi.org/10.5267/j.msl.2011.05.008

89. Qureshi, M. I., Zaman, K. H., & Bhatti, M. N. (2011b). The impact of culture and gender on leadership behaviar higher education and management perspective. Journal of Management Science Letters, 1, 531– 540.

90. Qureshi M. I Bhatti M. N, K. M. M., & K., Z. (2011). Project Management: Tools and Techniques. LAP

LAMBERT Academic Publishing ISBN Number: 978-3-8433-1061-0.

91. Rafiei, F. M., Manzari, S., & Bostanian, S. (2011). Financial health prediction models using artificial neural networks, genetic algorithm and multivariate discriminant analysis: Iranian evidence. Expert systems with applications, 38(8), 10210-10217.

92. Raza, H., Ramakrishnan, S., Gillani, S. M. A. H., & Ahmad, H. (2018). The Effect of Dividend Policy on Share Price: A Conceptual Review. International Journal of Engineering & Technology

93. , 7(28), 34-39.

94. Ross, S. A., Westerfield, R., & Jordan, B. D. (2008). Fundamentals of corporate finance: Tata McGraw- Hill Education.

95. Rahim N. S. A., Z. M. A. W. A. W. N. A. M. & Q. M. I. (2019). Transformational leadership style towards the quality of service in forwarding activity. International Journal of Recent Technology and Engineering, 8(1), 411–414.

96. Rajeh, A., Alamer, A., Salamon, H. Bin, Qureshi, M. I., & Rasli, A. M. (2015). How do We Measure Corporate Social Responsibility of Islamic Banks through their Business Processes and Oriented Outcomes ? International Journal of Economics and Financial Issues, 5((Special Issue), 190–197.

97. Rashid M., T. R. Q. M. I. S. M. (2019a). A PLS analysis on the relationship between servant leadership and academicians OCB in MTUN universities. International Journal of Engineering and Advanced Technology, 8(5), 1360–1368.

98. Rashid M., T. R. Q. M. I. S. M. (2019b). A proposed framework of mediating role of interpersonal employee conflict between the relationship of servant leadership and academicians OCB, using PLS. International Journal of Engineering and Advanced Technology, 8(5), 1369–1374.

99. Rashid, M., Tasmin, R., Qureshi, M., & Shafiq, M. (2017). Relationship of servant leadership with employee in-role and extra-role performance in GLC’s of Malaysia. City University Research Journal, (2010), 88–95.

100. Rasli, A., Jusoh, A., & Qureshi, M. I. (2017). Selected peer-reviewed articles from the ASIA international conference (AIC-2016) on emerging issues in economics and finance (EIEF) and future of marketing and management (FMM), Universiti Teknologi Malaysia, 10–11 December 2016. Advanced Science Letters, 23(9), 8021–8022. https://doi.org/10.1166/asl.2017.9828

101. Rasli, A. M., Norhalim, N., Kowang, T. O., & Qureshi, M. I. (2014). Applying managerial competencies to overcome business constraints and create values evidence from small technology-based firms in Malaysia. Journal of Management Info, 3(1), 99–121.

102. Rasli, A. M., Norhalim, N., Kowang, T. O., & Qureshi, M. I. (2015). Applying managerial competencies to overcome business constraints and create values: Evidence from small technology-based firms in Malaysia. Journal of Management Info, 2(2), 22–28. https://doi.org/10.31580/jmi.v3i1.15

103. Rasli, A. M., Qureshi, M. I., Isah-Chikaji, A., Zaman, K., & Ahmad, M. (2018). New toxics, race to the bottom and revised environmental Kuznets curve: The case of local and global pollutants. Renewable and Sustainable Energy Reviews. https://doi.org/10.1016/j.rser.2017.08.092

104. Safdar, M. Z., Awan, M. Z., Ahmed, Z., Qureshi, M. I., & Hasnain, T. (2016). What does matter? Liquidity or profitability: A case of sugar industry in Pakistan. International Journal of Economics and Financial Issues, 6(3), 144–152. Retrieved from https://www.scopus.com/inward/record.uri?eid=2-s2.0- 84973623344&partnerID=40&md5=d8caeba136afe2dad2e824c5eabe9659

105. Sami, A., Jusoh, A., Mahfar, M., Qureshi, M. I., & Khan, M. M. (2016). Role of ethical culture in creating public value. International Review of Management and Marketing, 6(4), 255–261.

106. Sami, A., Jusoh, A., Md Nor, K., Irfan, A., Irum, S., Imran Qureshi, M., & Ishfaq, M. (2018). Professionalism is the Key to Create Public Value. International Journal of Engineering & Technology, 7(3.30), 583. https://doi.org/10.14419/ijet.v7i3.30.18436

107. Sami, A., Jusoh, A., Md Nor, K., Irfan, A., & Qureshi, M. I. (2018). Systematic Review of Public Value.

Journal of Public Value and Administration Insights, 1(1), 1–6. https://doi.org/10.31580/jpvai.v1i1.131

108. Sami, A., Jusoh, A., & Qureshi, M. I. (2016). Does ethical leadership create public value? Empirical evidences from banking sector of Pakistan. International Review of Management and Marketing, 6(4), 262–270.

109. Shafiq, M., & Qureshi, M. I. (2014). Quadruple culture type approaches impacting employees attributes.

Journal of Management Info, 1(2), 1–11. https://doi.org/10.31580/jmi.v2i1.3

110. Tam, K. Y., & Kiang, M. Y. (1992). Managerial applications of neural networks: the case of bank failure predictions. Management science, 38(7), 926-947.

111. Van Horne, J. (2008). Fundamentals of Financial Management/James C. Van Horne, John M. Wachowicz, Jr.–.–Harlow (England). In: London, New York: Prentice Hall Inc., Financial Times.

Van Horne, J. C. (1988). Sustainable growth modeling. Journal of Corporate Finance, 1, 9-25.

112. YU, Z.-h., WANG, J.-b., LIU, Z., ZHOU, X., LI, J.-c., & YU, Z.-z. (2008). Video encryption method

based on logistic and baker mapping. Journal of Jilin University (Information Science Edition), 3.

Downloads

Published

30.06.2020

How to Cite

Raza, H. (2020). Non-systematic Review of Financial Sustainability and Financial Distress. International Journal of Psychosocial Rehabilitation, 24(6), 885-900. https://doi.org/10.61841/mdfp1e02