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Abstract
The financial failure of important topics and a serious impact on the goal of survival
and continuity of companies it is the final stage of regression financial person may pass
through companies where the goal to study the financial failure and its causes and
measured using a model Sherrod, and has been selected public company for the
pharmaceutical industry in Nineveh as company facing financial dilemmas and
!"#
449
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consecutive losses in recent years and for the purpose of applying the model on its
financial activity to see stages of financial decline and the extent of exposure to the
failure of financial research dependent on research group thrills promised research
problems and the most important of which are :
Is Sherrod model reveals the extent to which the company study sample for the risk of
financial failure.
The study assumed that the model shows us how the Companys exposure to the risk
of financial failure.
The study found a set of conclusions, including :
-There are several stages experienced by the company until they arrive to financial
failure and regression phases include financial.
-Model shows us Sherrod Companys exposure to the pharmaceutical industry in the
Nineveh risk of financial failure.
The study concluded with proposals, including the need for alternative financial
options enables the company to the pharmaceutical industry of the advancement of new
and follow-up productive activities such as restoring financial restructuring, merger,
entering into partial investments, ..and other .
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A-Journals <
1-Lizal, Lubomir, (2002), Determinants of Financial Distress: What Drives Bankruptcy
in a Transition Economy? The Czech Republic Case, Working paper No 451.
http://home.cerge-ei.cz/lizal/dp68.pdf
2- William Weitzel and Ellen Jonsson 1989.Decline in Organizations: A Literature
Integration and Extension Administrative Science Quarterly ,Vol. 34, No. 1 (Mar.,), pp.
91-109 Published by: Sage Publications, Inc www.bae-co.com/twviss/2510.pdf
B -books
1- Hodge. Billy J.and Anthony, William, Organization theory: a strategic
approach English : 5th ed, Upper Saddle River : Prentice Hall,.1991 .
http://thiqaruni.org/Mng/16/a%20(3).doc
2- Daft, R.L. , (2001), Organization Theory & Design, 4th ed., (New York: West
Publishing Co Researches http://thiqaruni.org/Mng/16/a%20(3).doc
3- Mathur.Iqbal,(1979),''Introduction to Financial Management'',Macmillan Publishing
Co.,Inc,New York, U.S.A.
4- Chen,K.C.W.andChurch,B.K,(1996) ,Going Concern Opinions and the Markets
reaction to Bankruptcy Filings,The Accounting Review.
5- Websters Oxford
Dictionary of current English 1985 ,http://thiqaruni.org/Mng/16/a%20(3).doc
472
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5
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