Financial resilience

This study's goal is to evaluate the financial resilience of Bangladesh's ceramics industry using the Altman Z-Score model. The nation's economy heavily depends on the ceramics industry, which also creates jobs and contributes to industrial output. Rapid expansion in both home and international markets makes the financial stability of the sector essential to the stability of the economy as a whole. Using a quantitative methodology, this study examines information from the fiscal years 2020–21 annual reports of five listed ceramics companies. For the first time in this industry context, the Altman Z-Score model reveals a significant portion of companies falling into the "Distress" zone, indicating a heightened risk of financial challenges. The results have real-world ramifications for investors, legislators, and stakeholders. They can be used to improve financial plans and encourage the expansion of sustainable industries. By addressing a significant void in the assessment of financial resilience within Bangladesh's ceramics industry, the study adds to the body of literature.

Financial resilience in businesses refers to their ability to withstand economic shocks and challenges while maintaining financial stability under difficult conditions. This study adopts an applied research approach with both descriptive and prescriptive future-oriented methods. It is qualitative research that uses Causal Layered Analysis (CLA) to identify financial resilience in entrepreneurial businesses. To achieve a deep understanding of causal layers, scenarios are developed based on the global business network perspective. Two rounds of interviews were conducted with 35 experts, both structured and unstructured, to extract financial resilience indicators in Iranian entrepreneurial businesses. From the literature review and expert interviews, 35 factors were identified. Two factors, enthusiasm and fear of failure, were eliminated, resulting in 33 final factors. The matrix of financial resilience scenarios for entrepreneurial businesses was presented in four scenarios: economic crisis, economic boom, old technology, and new technology. Subsequently, SWOT analysis was used to analyze and propose strategies aimed at directing towards the third scenario. The findings indicate that utilizing the CLA approach aims to offer a plan in the field of financial resilience for entrepreneurial businesses. This helps planners to set aside current thinking and consider possible and probable futures, which may not necessarily be a continuation of past trends, to achieve a long-term plan to enhance financial resilience in entrepreneurial businesses.