Leveraging Financial Data for Research: An Empirical Demonstration of Statistical Tools on Key Variables

The paper has made an attempt to understand the application of financial variables on research. The paper has identified some key variables in accounting and finance and the way the ratios show the relationship among the variables. The paper has brought forth statistical application of accounting variables for selected companies during the period. By applying the technique of ANOVA, it is understood that the selected companies employ different amount of debt during the period by showing the significant difference in terms of leverage ratio. The application of correlation and regression techniques show the relationship between Non-Performing Asset (NPA) and Return on Equity (ROE)and the extent to which ROE is affected by NPA for the selected period by taking into account of various banks. With the help of Altman Z score the discriminant analysis is carried out to identify the financial health of the firm for the selected period.

Leverage Ratio, Return on Equity, Non-Performing Assets, ANOVA, Z score.

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