Prediksi Financial Distress Pada Perusahaan Manufaktur Di Bursa Efek Indonesia

M.Ak., Randy Kurnia Permana, SE.,; Ahmar, Nurmala; Djadang, Syahril

doi:10.15408/ess.v7i2.4797

Cited by 24 publications

(24 citation statements)

References 1 publication

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“…Winaya et al (2020) who showed the results that each model has different predictions mentioned that it happened because the ratios used as variables in the analysis were different between each prediction model. Permana et al (2017) said that the prediction results of each model were different because each prediction model had different components or variables. H3: Zmijewski's model was the most accurate in predicting the bankruptcy of Indonesian retail companies.…”

Section: Discussionmentioning

confidence: 99%

Comparative Analysis of Altman, Springate, and Zmijewski Models in Predicting the Bankruptcy of Retail Companies in Indonesia and Singapore

Muzanni

Yuliana²

2021

TIJAB

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This study aims to determine whether there is a difference in the prediction results between the Altman, Springate, and Zmijewski models and the most accurate prediction model for predicting the bankruptcy of retail companies in Indonesia and Singapore. This research is descriptive quantitative. The sampling method used was purposive sampling with 15 Indonesian retail companies and 15 Singapore retail companies. This study used descriptive analysis, normality test, and One Way ANOVA test using an SPSS program. The results showed that: 1) There are significant differences between the Altman model, Springate model, and Zmijewski model in Indonesian retail companies. 2) There is a significant difference between the Altman model, Springate model, and Zmijewski model in the Singapore retail companies. 3) The most accurate model in predicting the bankruptcy of Indonesian retail companies is the Zmijewski model. 4) The most accurate model in predicting the bankruptcy of Singapore retail companies is the Altman model.

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Section: Discussionmentioning

confidence: 99%

Comparative Analysis of Altman, Springate, and Zmijewski Models in Predicting the Bankruptcy of Retail Companies in Indonesia and Singapore

Muzanni

Yuliana²

2021

TIJAB

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“…0 Metode Grover merupakan model yang diciptakan Jeffrey S. Grover dengan melakukan perdesainan dan penilaian ulang terhadap model Altman Z-score. Setelah melakukan stepwise analysis, Grover menghasilkan persamaan sebagai berikut (Permana, 2017): G = 1,650X1 + 3,404X3 + 0,016ROA + 0,057 Variabel Independen 1) Kompensasi Manajerial Pengukuran variabel kompensasi manajerial diproksikan menggunakan kompensasi yang diberikan oleh perusahaan kepada dewan direksi dengan jumlah dari gaji, insentif, tunjangan remunerasi, THR, dan bonus atau tantiem yang diformulasikan sebagai berikut:…”

Section: Variabel Dependenunclassified

Faktor-Faktor yang Mempengaruhi Financial Distress: Pendekatan Model Springate dan Grover (Studi Empiris pada Badan Usaha Milik Negara Periode 2015-2019)

Pratama

Wijayanti

2021

duconomics

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Financial distress is a condition in the stage of financial decline that occurs before the occurrence of bankruptcy or liquidation. This study aims to examine the factors that affect financial distress in State-Owned Enterprises (BUMN). The independent variables tested were managerial compensation, working capital, investment growth, operating cash flow, and leverage. Financial distress in this study was measured by the springate method and the grover method. This study selects the sample by purposive sampling method. With the final result as many as 58 samples for 6 years of observation. Research data for the period 2014-2019 was analyzed using multiple linear regression analysis. The results showed that the working capital and leverage variables had an influence on financial distress. Managerial compensation, investment growth, and operating cash flow have no effect on financial distress.

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“…Hidayat [19]. Permana et al [22]. Financial Distress Prediction in Manufacturing Companies on the Indonesia Stock Exchange There is differences in health status in testing the Grover, Springate, and Zmijewski models.…”

Section: Past Researchmentioning

confidence: 99%

Financial Distress Prediction of Lippo Group Companies Using Altman and Zmijewski Models

Tanjung¹,

Anggraini²

2020

SJEF

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Financial distress Are the stages of a company's financial condition decline. Companies that experience financial distress in the long term tend to go bankrupt. Many parties will be harmed if a company goes bankrupt; for this reason, a bankruptcy prediction model is needed that can provide early warning for the company. This research was conducted to determine whether there are differences in financial distress prediction analysis using the Altman model, and the Lippo Group's Zmijewski Model, and to find out the most accurate bankruptcy prediction models. The analytical method used in this study is Logit Regression. The test results conclude that there are differences in predicting financial difficulties based on the Altman model, the Zmijewski Model.

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Prediksi Financial Distress Pada Perusahaan Manufaktur Di Bursa Efek Indonesia

Cited by 24 publications

References 1 publication

Comparative Analysis of Altman, Springate, and Zmijewski Models in Predicting the Bankruptcy of Retail Companies in Indonesia and Singapore

Comparative Analysis of Altman, Springate, and Zmijewski Models in Predicting the Bankruptcy of Retail Companies in Indonesia and Singapore

Faktor-Faktor yang Mempengaruhi Financial Distress: Pendekatan Model Springate dan Grover (Studi Empiris pada Badan Usaha Milik Negara Periode 2015-2019)

Financial Distress Prediction of Lippo Group Companies Using Altman and Zmijewski Models

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