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Dian Wahyuni
Research Staff & Training, Management Institute of Economics Faculty, Syiah Kuala University, Darussalam, Banda Aceh, Indonesia

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Analysis of the banking industry bankruptcy: An implementation of Altman model for predicting bankruptcy on Indonesian banking industries A.Sakir Jalil; Dian Wahyuni
Proceedings of AICS - Social Sciences Vol 1 (2013)
Publisher : Proceedings of AICS - Social Sciences

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Abstract

In principle, a firm becomes bankrupt when the values of its assets equal the value of its debt. When this occurs, the value of equity is zero, and the stockholders turn over control of the firm to the bondholders. When this takes place, the bondholders hold assets whose value is exactly equal to owed on the debt. Bankruptcy occurs when the stated value of a firm’s liabilities exceeds the fair market value of its assets. A bankrupt firm has a negative stockholders’ equity. This means that the claims of creditors cannot be satisfied unles the firm’s assets can be liquidated for more than their book value. This paper is going to predict the bankruptcy of the banking company in Indonesia stock exchange, and ultimately the early warning for the companies in the future. The research is being made with the sample of the twelve banks at Indonesia Stock Exchange. The study then calculates the ratio of the five types of Camel as the key performance indicators. By using Atlman Model of Bankruptcy applied to the analysis of the banking industry for the twelve banks, found that the Indonesian banking industry are in a gray area category, meaning it could potentially go bankrupt if not handled properly under the terms set by the Central Bank of Indonesia. Limitations of the findings of this study are only using five variables of Camel, and the period of time the data is used only three-year accounting.Keywords: Bankruptcy, Capital Adequacy Ratio, Asset, Earning, and Liquidity.
Co-Authors A. Sakir, A.