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Journal : Jurnal Akuntansi

Analisis Akurasi Model Altman Modifikasi (Z”-Score), Zmijewski, Ohlson, Springate dan Grover Untuk Memprediksi Financial Distress Klub Sepak Bola Inayatul Lutfiyyah; Loggar Bhilawa
Jurnal Akuntansi Vol 13 No 1 (2021)
Publisher : Universitas Kristen Maranatha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28932/jam.v13i1.2700

Abstract

This study aims to find an accurate financial difficulty prediction model in English Premier League football, and also to compare with previous research so as to obtain the results of a financial difficulty prediction model that can be used for all football clubs. The way to determine the sample to be examined is using purposive sampling technique with a population of 49 English premier league clubs from 1992-2018, so that the number of samples obtained is 37 samples and then grouped in the categories of financial distress and nonfinancial distress. The method for analyzing data uses the model's accuracy test by comparing the model's prediction results with financial distress and nonfinancial distress sample categories and considering the results of the type 1 and type 2 error levels of each model. Error level 1 results from the sum of prediction errors that are actually financial distress but the results of the prediction of the nonfinancial distress model and vice versa. The results show that the model that has the highest level of accuracy for predicting financial distress in English premier league soccer clubs is the Zmijewski model with an accuracy rate of 72%. Keywords: Financial Distress, Football Club, Accuracy Test, Error Rate
Pengaruh Kinerja Keuangan dan Kinerja Olahraga Terhadap Harga Saham Klub Sepakbola Fany Dwi Nurcahyani; Loggar Bhilawa
Jurnal Akuntansi Vol 13 No 1 (2021)
Publisher : Universitas Kristen Maranatha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28932/jam.v13i1.2774

Abstract

This study measures whether the financial and sports performance of a football club has an effect on stock prices. Financial performance can be measured through several methods, one of which is the measurement of financial performance using ratio analysis. This study observes the financial performance of football clubs in Europe who also sell their shares in capital markets such as the London Stock Exchange, BorsaItaliana, and Xetra. Research methods with quantitative approaches are used in this study. Sports performance is measured by the number of wins, losses and match series. There were 18 soccer clubs observed in this study. A simple linear regression analysis model is used to see the effect of financial and sports performance on soccer club stock prices. We find it unique in this study that the financial performance of football has a more substantial effect than sports performance which does not have a substantial effect on the stock price of football clubs. Keywords: Capital Market, Financial Performance, Football Club,and Stock Prices