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Journal : ETIKONOMI

Bankruptcy Prediction Models and Stock Prices of the Coal Mining Industry in Indonesia Ghazali Syamni; M. Shabri Abdul Majid; Widyanana Verawaty Siregar
ETIKONOMI Vol 17, No 1 (2018)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (246.136 KB) | DOI: 10.15408/etk.v17i1.6559

Abstract

Various bankruptcy prediction models have been used to measure the movement of stock prices, and thus the firms’ performance. This study is aimed at empirically exploring the usefulness of the Olhson, Almant Modification, Grover, Springate, and Zmijewski models for predicting bankruptcy of the 19 coal mining companies. It also attempts to measure the effects of the scores of these bankruptcy prediction models on the stock prices of the coal mining companies in Indonesia.  The technique of analysis that used in this research is panel regression. The results of the study showed that the bankruptcy prediction scores of the Ohlson and Almant Modification were found to be the dominant prediction models that affected the stock prices of the coal companies in Indonesia. This indicates that the bankruptcy prediction model can be used as one of the approaches to measure the movement of stock prices and performance of the coal mining companies in Indonesia.DOI: 10.15408/etk.v17i1.6559
Co-Authors . Zulfan Abd Majid, M. Shabri Ahmad Fauzul Hakim Hasibuan Aisyah Putri Andriani Siregar Aiyub Aiyub Alifcha Novanda Alya Maulisa Amalia Fitri Arilasta Irawan Arsya Ardana Arya Permana Ginting Azhar , Bambang Ali Nugroho Bambang Arjuna Putra Chairil Akhyar Darmawati Darmawati Muchtar Darmawati Mukhtar Delia Ananda Faisal Faisal, Faisal Farica Yusrina Lubis Harley Agustian Hasatiru Auwa Hendra Raza Husaini Husaini Husaini Husaini Ikhsan Nur Ilham Ikram Ikramuddin, Ikramuddin Indah Sari Yusmita Intan Ulia Iqbaal Fauzi Pakpahan Irnianita Irnianita Iswadi Iswadi Bensaadi Jamilah Juilimursyida Ganto Juliana Ariska Jumadil Saputra Jummaini Lala Merlita M. Shabri Abdul Majid Marzuki Marzuki Marzuki Marzuki Marzuki Mawardati Mawardati Muchtar, Darmawati Muhammad Dava Rizki Muhammad Hafidz Akbar Muhammad Hafizh Murhadi, Thasrif Muti Miftahul Jannah Muttaqien Muttaqien Muttaqien Muttaqien Nasir Azis Naz’aina Neo Agustina Nuhfil Hanani Nur Balkis Nurfazila Nurlela Rabiatul Adawiah Berasa Rahmatillah Raisa Salsabila Rasyidin M. Reza Hendri Yana Rico Nur Ilham Riga Sanjaya Ristati Ristati Said Musnadi Sari Yulis Terfiadi Sari Yulis Terfiadi Silvia Ananda Siswoyo Adi wijaya Siti Elan Nisa Sri Arini Suci Puji Suryani Syifa Azzahra T.M Azani Thasrif Murhadi Wahyuddin Wahyuddin Wahyuddin Wahyuddin Wardhiah Wardhiah, Wardhiah Wasni Maisarah Widyana Verawaty Siregar Wirdha Ramadhani Yulis Terfiadi, Sari Zahrul Fuadi Zamzami Zainuddin Zamzami Zainuddin, Zamzami Zaufani Putri Khairun Zuhra Zulfan