Comparative Analysis of Fulmer, Springate and Grover Models in Predicting Bankruptcy

Astuti, Rahma Yudi

doi:10.21111/jiep.v4i03.6767

Cited by 4 publications

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“…In addition,Indriyanti (2019) found that the Springate model can predict with accurate until 70.0%. However,Astuti et al (2021) found the accuracy rate of Springate is %47 in his article. The accuracy rate of the model is 56.3% for three years before the company goes bankrupt in this article.…”

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confidence: 88%

“…Validity Results of the Grover Model for Energy CompaniesGrover reported 100% accuracy for this model. In addition,Indriyanti (2019) found the accuracy rate of Grover is %96.6 i andAstuti et al (2021) found the accuracy rate of Grover is %80 in their research. According to the overall results in this article, the accuracy rate of the Grover score model is 64.6%.…”

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confidence: 90%

“…Validity Results of the Fulmer Model for Energy CompaniesFulmer (1984) calculated the accuracy rate of his model as 91.0%. In addition,Astuti et al (2021) found the accuracy rate of Fulmer is %80 in his article. Moreover,Indriyanti (2019) calculated the accuracy rate of the Fulmer model as 40.0%.…”

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confidence: 90%

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Validity Analysis of Financial Failure Prediction Models During the Covid-19 Pandemic

ÖZPARLAK¹

2022

Journal of Yaşar University

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Unexpected bankruptcies of companies cause significant damage to company partners, investors, employees, countries, commercial and financial creditors. In this context, the financial failure risks should be constantly measured and controlled. However, it is important to constantly check the validity of financial models that measure the risk of the financial failure of companies. Because the higher the validity rates of these models, the higher the probability of investors and researchers to make the right decision according to the results obtained from these models. In this context, validity tests are widely used in the literature, namely Altman

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Validity Analysis of Financial Failure Prediction Models During the Covid-19 Pandemic

ÖZPARLAK¹

2022

Journal of Yaşar University

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“…Digitalization supports companies in achieving their corporate goals. The company's goal is to generate profits, and profits must be developed and maintained for the sustainable development of the company (Astuti, 2021). The profit earned is used as part of management's success in running the company.…”

Section: Introductionmentioning

confidence: 99%

Potential Bankruptcy of Digital Companies in Indonesia: Analysis of Market Aspects and Financial Aspects Using Springate and Grover Methods

Aprilia¹,

Wulandari²,

Indries³

2023

EBASR

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Digital companies are companies that are growing very rapidly, but face many problems that can lead to bankruptcy. Therefore, bankruptcy prediction is an important topic that must be considered. If a company wants to survive and develop, it must pay attention to financial and market aspects. Therefore, in this survey, we selected six digital companies listed on the IDX between 2018 and 2021 as samples using the observation method. The analytical method used is Springate and Grover because it is considered good for knowing the financial distress of a company. This study aims to determine the condition of the company for the progress and sustainability of the company and help investors to determine investment. In addition, this study also aims to find out what method is right for predicting the financial distress of digital companies listed on the Indonesia Stock Exchange. Financial findings using the Springate approach show 3 companies in the bankrupt category, 1 potentially bankrupt and 2 healthy. Instead, according to Grover's method, 1 company is bankrupt and 5 are healthy. The accuracy rate for the Grover method is 83% with a low error rate of 17% so that it can be said that the Grover method is considered better for predicting bankruptcy. From a market perspective, all the companies in this study have excellent market potential. Companies must pay attention to financial and market aspects to avoid bankruptcy and develop better.

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“…Every month there is an increase in securities transactions due to economic growth, income, and profit sharing. Based on reports on Islamic capital market transactions from 2021 to 2022, stock products, Islamic mutual funds, and sukuk have experienced an increase in demand and supply so that there is an increase in profit sharing, an increase in demand for portfolios or securities, and economic growth performance (Astuti, 2021). There is an increase in the performance of business capital that is obtained in Islamic capital market products from year to year has increased as follows (Taufiq et al, 2021): Data Source: KNEKS 2022…”

Section: Introductionmentioning

confidence: 99%

Performance of Indonesia's Sharia Capital Market for the 2022 Period

Maulida,

Risdiana,

Purnomo

2023

JIEP

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Islamic capital markets instruments such as stocks, mutual funds, and sukuk are tools to drive economic growth through the capital market sector. The financial sector's performance in the first semester remained stable in 2022. The indicator that is getting stronger in the JCI index is 5.02% or a year-to-date level of 69 11.58 as of June 2022. This article aims to find out the performance of the Indonesian Islamic capital market for the 2022 period. This research uses a qualitative method with a literature review approach regarding the development and growth of sharia capital market performance after Covid-19 pandemic. The result of the discussion for the population has an Islamic majority population, so the capital market industry is expected. To accommodate and collect contributions from Muslim citizens to be active in the stock market, especially the Islamic stock market, and a local investor in the Indonesian Sharia capital market. Realize naturally that investment products are developed following Islamic principles and teachings. The financial sector's performance in the first semester remained stable in 2022. The indicator getting more assertive in the JCI index is 5.02% or a year-to-date level of 69 11.58 at the end of June 2022.

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Comparative Analysis of Fulmer, Springate and Grover Models in Predicting Bankruptcy

Cited by 4 publications

References 0 publications

Validity Analysis of Financial Failure Prediction Models During the Covid-19 Pandemic

Validity Analysis of Financial Failure Prediction Models During the Covid-19 Pandemic

Potential Bankruptcy of Digital Companies in Indonesia: Analysis of Market Aspects and Financial Aspects Using Springate and Grover Methods

Performance of Indonesia's Sharia Capital Market for the 2022 Period

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