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Analisis Z-Score Untuk Memprediksi Tingkat Kebangkrutan Perusahaan (Studi Pada Industri Farmasi di Bursa Efek Indonesia Periode 2012-2014) Himmiyatul Amanah Jiwa juwita
AKUNSIKA: Jurnal Akuntansi dan Keuangan Vol 1, No 1, Januari 2020
Publisher : Jurusan Akuntansi Politeknik Negeri Ujung Pandang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (124.216 KB) | DOI: 10.31963/akunsika.v1i1.1691

Abstract

This study aims to determine the level of corporate bankruptcy using model analysis Altman Z-Score on pharmaceutical companies in Indonesia Stock Exchange (IDX) 2012-2014. The study population was all of the Pharmaceutical Industry with a sample of eight pharmaceuticalscompanies in the Indonesia Stock Exchange (IDX) in accordance with predetermined criteria. The results of this study indicate that the Altman Z-Score model can be implemented to detect the possibility of bankruptcy in the pharmaceutical company in Indonesia Stock Exchange (IDX). Altman Z-Score model and discriminant analysis do not have the same results in predicting bankruptcy in eight pharmaceutical companies because there is a miss classification in one company out of eight companies. The results of the Z-Score using discriminant analysis is able to classify a pharmaceutical company in two groups, that are healthy and gristle to bankruptcy.Keywords: pharmaceutical company, Bankruptcy Prediction, Altman Z-score model
Assistance in the Preparation of Financial Strategic Plans at the Noor Arsy Foundation Risna Wijayanti; Himmiyatul Amanah Jiwa Juwita
Journal of International Conference Proceedings Vol 5, No 4 (2022): FEBIC International Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v5i4.1979

Abstract

The Foundation has an organ consisting of Trustees, Management, and Supervisors. The management of wealth and the implementation of foundation activities are carried out entirely by the Management. The foundation must periodically make an accountability report for the funds obtained from donors in detail related to the planned use of funds receipts and expenditure plans. The problem faced by the Foundation is how to obtain sustainable sources of funds used to finance the company's operational activities. As a result of this condition the Foundation cannot operate continuously. This problem is caused by 1) Lack of understanding of the Noor Arsy Foundation management regarding the preparation of the Foundation's financial strategic plan, so that the plan to obtain funding sources has not been well planned, 2) There is no good understanding of how to draw up a financial strategic plan to provide adequate financial information for sustainability. foundation, 3) Documentation of financial data information used to prepare financial strategic plans has not been well documented. Based on the problems above, it is very necessary to assist in the preparation of strategic financial plans to maintain the sustainability of the Foundation
Does Financial Literacy Has Greater Role in Achieving Stock Investment Performance of College Investors? Risna Wijayanti; Himmiyatul Amanah Jiwa Juwita
International Journal of Tourism and Hospitality in Asia Pasific Vol 7, No 2 (2024): June 2024
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/ijthap.v7i2.2986

Abstract

This research aims to integrate the perspectives of rationality and irrationality, which cannot be separated in capital market participants, especially young investors, in the decision-making process of stock investment. The research emphasizes whether financial literacy plays a significant role in investment performance. Additionally, overconfidence, considered a behavioral aspect, can act as an intermediary linking financial literacy and investment performance. Conducted on 77 students who invest in the investment gallery in Malang, using random sampling techniques, the research is an explanatory study with a quantitative approach through a questionnaire processed by SEM-PLS analysis using Smart PLS 3.0. The findings of this study highlight the positive influence of financial literacy on stock investment performance, while overconfidence was found to have a mediating effect on the relationship between financial literacy and stock investment performance. The characteristics of respondents who are young age with limited funds for stock investment lead to low expectations of returns, resulting in quick satisfaction and then affecting stock investment performance. Therefore, objective and appropriate decision-making approaches might not absolutely achieve success, as simple strategies such as behavioral biases or psychological factors can lead to optimal investment performance.