An Analysis of the Stability of Selected Listed Philippine Companies Pre- and Post- 2008 Financial Crisis

• Main Authors: Calixterio, Raymart Adrian B., Ong, Jon Vincent N., Santos, Jose Maria E., Sta. Maria, Aldrin Van P.
• Format: text
• Language: English
• Published: Animo Repository 2012
• Subjects: Global Financial Crisis, 2008-2009; Financial crises > Philippines; Financial crises > Effect of monetary policy on; Accounting
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/10762
• Institution: De La Salle University

This study aims to analyze the effect of the 2008 global financial crisis on the stability of the publicly listed companies in the Philippine Stock Exchange. The model that the research will employ will be the Altman Z Score. This was chosen because the model was proven to be the most reliable prediction model as stated by various local and foreign studies. The study will revolve around a five year time frame which is from 2007 to 2011 to determine the movement from the time before, during, and after the crisis. Moreover, the subject companies will be grouped according to their industry classification for further analysis. The researchers conducted various statistical tests in order to determine the impact of the global financial crisis both overall and per industry. The group has determined that the Philippines was indeed affected by the global financial crisis. The group has also determined industries that were most and least affected by the said crisis. Further studies are highly encouraged. These can greatly support the findings of the researchers and increase the reliability of the model in the Philippines. Further studies can also develop new procedures and conclusions that can add to what this humble study will be starting.