Contemporary Business: Problems and Prospects

In recent years, corporate frauds and failures have highlighted significant gaps in corporate governance and financial reporting, raising questions about the legitimacy of published financial statements. This paper examines the financial health of Dewan Housing Finance Corporation Limited (DHFL) over a five-year period (2015-2020), assessing its performance using Altman’s Z-score to predict bankruptcy risk. The study discusses the fiduciary responsibilities of the board, ethical issues, and the impacts of corporate fraud on stakeholders, particularly investors. Drawing from literature on corporate governance and ethics, the paper offers insights into the prevention of financial distress and the importance of transparent financial practices.

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