Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal JURNAL MANAJEMEN MOTIVASI
Setyawan, Ujang
Unknown Affiliation
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
PENGHITUNGAN KAPASITAS RISIKO PERUSAHAAN ASURANSI DENGAN PENDEKATAN ALTMAN Z-SCORE STUDI KASUS PT JASA RAHARJA Setyawan, Ujang; Sunaryo, Tarsicius; Tambunan, Martua E.
JURNAL MANAJEMEN MOTIVASI Vol 22 No 1 (2026): Jurnal Manajemen Motivasi
Publisher : Universitas Muhammadiyah Pontianak

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29406/jmm.v22i1.8585

Abstract

State-owned social insurance company PT Jasa Raharja plays a strategic role in financial stability through risk management. This study assesses its financial risk capacity from 2020 to 2024 using the Modified Altman Z-Score for Emerging Markets. Results show consistent placement in the Safe Zone, with Z-Scores ranging from 3.88 (2020) to 3.20 (2024), indicating very low bankruptcy risk. However, risk capacity in Rupiah declined significantly from IDR 9.53 trillion to IDR 6.28 trillion due to rising liabilities, especially technical reserves. This signals a narrowing financial safety margin, requiring enhanced asset
Co-Authors Martua Eliakim Tambunan Sunaryo, Tarsicius