This sort of analysis helps to ascertain financial standing and capability of the firm vis-à-vis other firms in the industry.
Industry ratios are important standards in view of the fact each industry has its characteristics which influence the financial and operating relationship. M Pandey, 1995: 105) It consists at comparing ratios of one firm with some selected firms in the same industry at the same point of time.
This kind of a comparison indicates the relative financial position and performance of the firm.
A firm can hardly resort to such a comparison, as it is difficult to get the published financial statements of the similar firm.
View Full-Text Figure 3 Total number of citations in the field on the Web of Science (Social Science Citation Index (SSCI), Science Citation Index Expanded (SCI-EXPANDED), and Emerging Sources Citation Index (ESCI).
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This study aims to answer three research questions: (i) What is the intellectual core of the field?
(ii) Which techniques are used in the financial sector for textual mining, especially in the era of the Internet, big data, and social media?
2.0 Introduction This chapter presents the related literature and concepts about accounting ratios and decision making.