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The primary purpose of this paper is to highlight the pros and cons associated with the work from home policies and how these policies differ across countries and cultures. The main question to be answered is that why a perk or benefit is now being considered as an ethical issue.

Opinions of practitioners and examples of some leading controversial work from home policies have been discussed in detail. Examples from the developed countries have been compared with those of less developed countries, to present a cross country analysis.

Culture has a significant impact on the flexible work arrangement policies. Although many companies endorse some degree of flexibility for working mothers or parents in general, working from home as a universal policy is still debatable. The decision to offer this facility to employees majorly depends upon the geographic location of that organization.

All the discussions and views expressed solely belong to the authors. This paper can be extended by adding some empirical evidences from the companies who actually offer this facility to their employees.

The main purpose of this study is to examine the relationship between credit risk and financial performance in non-financial firms.

In order to test the relationship between Altman Z-score model as a credit risk proxy and the Return on Asset and Equity as indicator for financial performance with control variables leverage, liquidity and firm size. Least Square Dummy Variable regression analysis is opted. This research's sample included 69 non-financial companies from the Pakistan Stock Exchange KSE-100 Index between 2012 and 2017.

This study establishes the findings that Altman Z-score, leverage and firm size significantly impact the financial performance of the KSE-100 non-financial firms. However, liquidity is found to be insignificant in this study. Altman Z-score and firm size have shown a positive relationship to the financial performance, whereas leverage is inversely related.

This study brings in a new and useful insight into the literature on the relationship between credit risk and financial performance. The results of this study provide investors, businesses and managers related to non-financial firms in the KSE-100 index with significant insight about credit risk's impact on performance.

The evidence of the credit risk and financial performance on samples of non-financial firms has not been studied; mainly it has been limited to the banking sector. This study helps in the evaluation of Altman Z-score's performance in the non-financial firms in KSE-100 index as well.