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All Journal RESLAJ: Religion Education Social Laa Roiba Journal
Dewi, Ananda Putri Kusuma
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Religion Economics, Econometrics & Finance Education Environmental Science Social Sciences

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Analisis Perbandingan Model Altman Z-Score, Springate dan Grover dalam Memprediksi Kebangkrutan pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Dewi, Ananda Putri Kusuma; Sari, Dian Anita
Reslaj: Religion Education Social Laa Roiba Journal Vol. 8 No. 2 (2026): RESLAJ: Religion Education Social Laa Roiba Journal
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/reslaj.v8i2.10724

Abstract

Using a variety of bankruptcy prediction models, this research examines company insolvency using ratio computations in financial statements. The objective of this research is to identify the best effective model for bankruptcy analysis by comparing and contrasting the Altman Z-Score, Springate, and Grover models for forecasting insolvency in banking organizations listed on the Indonesia Stock Exchange. This quantitative analysis relies on secondary data collected from the Indonesia Stock Exchange's yearly banks financial reports covering the years 2020–2024. Using a purposive sampling technique, 45 financial institutions were included in the final tally. As part of the data analysis process, tests for normality, one-way ANOVA Kruskal Wallis, and accuracy were conducted. In sum, the study found that the Altman Z-Score, Springate, and Grover models vary significantly from one another and the Grover model had the best accuracy in predicting the insolvency of banking companies listed on the Indonesia Stock Exchange for the period 2020–2024, beating out the Altman Z-Score and Springate models.
Co-Authors Sari, Dian Anita