Author(s):
Kushal De, Sandip Bhattacharyya
Email(s):
dekushal@yahoo.in , sandip2074@gmail.com
DOI:
10.52711/2321-5763.2026.00043 
Address:
Kushal De1, Sandip Bhattacharyya2*
1Assistant Professor, Dhruba Chand Halder College, Dakshin Barasat, South 24 Parganas, West Bengal – 743372, India.
2Research Scholar, Department of Commerce, University of Calcutta, 87/1 College Street, Kolkata – 700073, India.
*Corresponding Author
Published In:
Volume - 17,
Issue - 3,
Year - 2026
ABSTRACT:
Analysis of Financial performance that can evaluates the financial health of companies. The study presents a systematic literature review to assess past research focused on the use of solvency, liquidity and profitability indicators for financial analysis. In this paper, it has been analysed how macroeconomic factors affect solvency. It has also been observed that interest rates and inflation influence debt levels and capital structure across industries. The findings show that traditional liquidity ratios lack of debt. In the other hand cash flow analysis offers better insights. There is limited use of ESG in profitability analysis, though firms with good governance show better earnings and firms with sustainable practices often perform better in the long run. The dominance of Altman Z score is also observed with limited focus on distress indicators. The study will help stakeholders make better decisions and promote more sustainable financial practices in a growing economy.
Cite this article:
Kushal De, Sandip Bhattacharyya. Evaluating the Business Performance through Financial Statement Indicators: A Systematic Review of Published Dissertations. Asian Journal of Management. 2026;17(3):286-4. doi: 10.52711/2321-5763.2026.00043
Cite(Electronic):
Kushal De, Sandip Bhattacharyya. Evaluating the Business Performance through Financial Statement Indicators: A Systematic Review of Published Dissertations. Asian Journal of Management. 2026;17(3):286-4. doi: 10.52711/2321-5763.2026.00043 Available on: https://ajmjournal.com/AbstractView.aspx?PID=2026-17-3-14
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