Determinants of financial distress: evidence from insurance companies in Ethiopia
Tekalign Negash Kebede,
Getahun Deribe Tesfaye,
Obsa Teferi Erana
Abstract:The issue of financial distress has received much attention of scholars because it harms firm financial and operational systems which could lead to insolvency. The objective of this study is to examine the determinants of financial distress in Ethiopian insurance companies. A panel dataset was obtained from 11 insurance companies which range from 2010 to 2021. The study used the “Altman’s Z”-score model as a measure for financial distress. The pooled OLS regression results revealed that profitability (ROA), li… Show more
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