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Comparative Analysis of Altman Method Measurement, Springate, Zmijewski and Grover In Predicting Financial Distress Wahyuni, Irda Adriana; Laba, Abd Rakhman; Rahim, Fauzi R.
Economics and Digital Business Review Vol. 5 No. 2 (2024): February - July
Publisher : STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/ecotal.v5i2.1700

Abstract

This research aims to find out and analyze conditions financial distress in mining sector companies listed on the Stock Exchange Indonesia for the 2019-2023 period using the Altman Z prediction model Score, Springate, Zmijewski and Grover. The sample companies are: used in this research were 33 companies obtained by purposive sampling and observations for 5 years to obtain the sample size into 165 samples. The type of data used is secondary data, meanwhile data retrieval techniques obtained from historical data of mining companies, financial reports published by the Indonesian Stock Exchange and literature studies. Technique The data analysis used is a parametric statistical test, namely the Paired Sample test t-test and test the accuracy of the prediction model with the condition that the data must be distributed normal. The results of this study show significant differences between Altman, Springate, Zmijewski, and Grover models in predicting financial distress, and the highest level of accuracy achieved by the Zmijewski model with level accuracy of 94%
Analisis Pengaruh Investment Opportunity Set, Ukuran Perusahaan Dan Kepemilikan Manajerial Terhadap Nilai Perusahaan Wahyuni, Irda Adriana; Wati, Caecilia Henny Setya
Papsel Economic Journal Vol. 2 No. 1 (2024): November - Februari
Publisher : Papsel Riset dan Konsultan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63185/pej.v2i1.130

Abstract

Penelitian ini dilakukan dengan tujuan untuk mengetahui dan menganalisis pengaruh investment opportunity set, ukuran perusahaan dan kepemilikan manajerial terhadap nilai perusahaan pada perusahaan sub sektor makanan dan minuman yang listing di bursa efek indonesia. Pendekatan penelitian yang digunakan adalah pendekatan penelitian kuantitatif. Metode pengambilan sampel menggunakan metode purposive sampling maka didapatkan sampel sebanyak 36 sampel. Data yang digunakan adalah data sekunder dan dianalisis dengan menggunakan metode regresi linear berganda dengan bantuan program statistical package for social sciences (SPSS) versi 26. Hasil penelitian ini secara parsial menunjukkan investment opportunity set berpengaruh signifikan terhadap nilai perusahaan sedangkan ukuran perusahaan tidak berpengaruh signifikan terhadap nilai perusahaan dan kepemilikan manajerial tidak berpengaruh signifikan terhadap nilai perusahaan. Secara simultan investment opportunity set, ukuran perusahaan dan kepemilikan manajerial secara bersama-sama memiliki pengaruh yang signifikan terhadap nilai perusahaan.