Dewa Gede Wirama
Magister Akuntansi Fakultas Ekonomi Dan Bisnis Universitas Udayana

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Comparison of Market Reaction Between Big Four and Non-Big Four Client on Stock Split Announcements Ni Putu Yunita Chandra; Dewa Gede Wirama
E-Jurnal Akuntansi Vol. 34 No. 4 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

This study aims to compare the market reactions to stock split announcements between big four and non-big four clients. This research was conducted using an event study approach. The event window used is seven days of observation around the event date, namely the date of the general shareholders meetings. The market reaction in this study will be proxied by the cumulative abnormal return. The sample determination method uses purposive sampling. The number of research samples is 95 companies, with 44 big four clients and 51 non-big four clients. The data analysis technique used is the independent sample t-test to compare the market reaction between big four and non-big four clients on the announcement of the stock split. The results show that there was no difference in market reaction between big four and non-big four client companies on the stock split announcement.
PREDIKSI FINANCIAL DISTRESS DENGAN MODEL ALTMAN DAN ZMIJEWSKI Regita Puji Cahyani; Dewa Gede Wirama
NETIZEN: JOURNAL OF SOCIETY AND BUSSINESS Vol. 1 No. 10 (2025)
Publisher : CV. ADIBA AISHA AMIRA

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This study aims to analyze the prediction of financial distress in all non-financial companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period using the Altman Z-Score Model and the Zmijewski Model, as well as to compare the predictive accuracy of the two models. Financial distress is a condition in which a company experiences financial difficulties that may lead to bankruptcy. This research employs a quantitative approach with a descriptive method. A total sample of 250 companies was determined using stratified random sampling and analyzed with the non-parametric Mann-Whitney test, along with prediction accuracy testing using the bootstrapping method. The results indicate a significant difference between the Altman and Zmijewski models in predicting financial distress. Furthermore, the Zmijewski model demonstrates a higher predictive accuracy of 95.1% compared to 89.6% for the Altman model. These findings are expected to provide both theoretical and practical contributions, particularly in decision-making processes for company management, investors, and creditors.
Co-Authors A.A Ari Krisnawati A.A. Rai Niti Darmika Sukawati Adisti Maharani Krisna Agustina Marsella Klau Seran Amrulloh Amrulloh Anak Agung Gde Putu Widanaputra Anak Agung Istri Jayanti Hotama Ary Sinar Deany Desak Made Mya Yudia Sari Dewa Nyoman Badera Dwi Anggreni Sukarma Dwiyanti, I Gusti Kadek Anggiriska Egidius Imanuel Laka Elizabeth Karina Adji Endra Kartika Yudha Erlangga Suryarahman Eva Yunita Gayatri Gayatri Gayatri Gede Made Ananda Cipta Nugraha Gentha Putri Wardana Gusti Ayu Agung Ista Pradnyayani Gusti Ayu Kade Risanti Darmawan Gusti Ayu Surya Rosita Dewi I G A Ayu Pradnyani Harum Dewi I G. Agung Yuli Saputri I Gusti Ayu Made Asri Dwija Putri I Gusti Ayu Prima Asriwahyuni I Gusti Ngurah Agung Suaryana I Kadek Diky Agusnawan I Made Indra Pratama I Made Sukartha I Putu Bayu Suyadnya Pratama I Putu Eka Adiputra I Putu Sudana I Putu Surya Dhinata I Putu Yuda Mahendra I Wayan Suartana I.G.A.M. Asri Dwija Putri Ida Bagus Putu Mahasena Jacqueline Immanuele Firstiany Jems Arison Zacharias Kadek Agustina Anggara Jaya Kadek Hira Mahandari Kadek Nita Sumiari KOMANG AYU KRISNADEWI Kompiang Martina Dinata Putri Made Dwi Harmana Made Gede Wirakusuma Made Rani Kusuma Dewi Made Sukma Mutiara Pramita Sari Made Yuvi Adriana Nugraha Maria Meiatrix Ratna Sari Mulyawan, I Putu Arya Ni Kadek Sintya Pratiwi Ni Ketut Modi Pitriani Ni Ketut Rasmini Ni Komang Bella Sri Lestari Ni Luh Kusumayani Ni Luh Putu Karisma Julianti Ni Luh Putu Nirmala Jayanti Ni Made Adi Erawati Ni Made Ari Astuti Ni Made Cesya Pratiwi Ni Made Dwi Ratnadi Ni Made Karina Dwitya Savitri Ni Made Mirayanti Ni Nengah Witri Astiti Ni Nyoman Ayu Armini Ni Nyoman Sri Rahayu Damayanti Ni Putu Adi Pertiwi Ni Putu Nonik Hariasih Ni Putu Ria Arista Dewi Ni Putu Yunita Chandra Ni Putu Yunita Chandra Ni Wayan Ajeng Ferdina Ni Wayan Ayu Kasmini Ni Wayan Pitriyani Ni Wayan Trisna Kusumayanti NI WAYAN YUNIASIH Ninis Novitasari Oscar Govinda Duarsa P.Ayu Ratna Dewi Pande Kadek Ary Raditya Permadi Putri Larasati Putu Aninsa Anggariani Putri Putu Desy Pirdayanti Putu Diah Asrida Putu Sri Mae Yanti Dewi Putu Surya Adi Tama Putu Tuwentina Regita Puji Cahyani S. Agus Andy Surya Dharma Sang Ayu Putu Puji Astuti Sianggi Narina Sukmajaya Simpen I Wayan Vicky Vicky Virra Indah Perdanawati Yolanda Marsyella Simangunsong