Jurnal STEI Ekonomi
Vol 26 No 01 (2017): [Jurnal STEI Ekonomi - JEMI] Vol. 26 No. 01 (Juni - 2017)

Analisis Kebangkrutan dengan Model Altman Z-Score pada Perusahaan Sektor Industri Dasar dan Kimia di Bei Periode 2013-2014

Suci Kurniawati (Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta)



Article Info

Publish Date
04 Sep 2017

Abstract

The purpose of this study is to analyze the company's financial distress on basis industry and chemical sectors as many as 57 companies using the ALTMAN Z-Score model in 2013-2014. The data which used was secondary data, such as Financial Statements of manufacturing company publication issued by Indonesian Stock Exchange (BEI) and obtained by downloading the website: www.idx.com. This study uses descriptive quantitative method. The finding of Z-Score index in basis industry and chemical sector in 2013 is occupied by PT. Intan Wijaya Internasional Tbk on chemical subsector and 2014 is occupied by PT. Alakasa Industrindo Tbk on metal subsector and others, with the first highest rank and healthy condition, whereas the last and lowest rank on wood and processing sector in 2013-2014 is PT. SLJ Global Tbk, with having financial distress condition. The findings of this study are not consistent or even in accordance with the reality which shows that the Altman method can not be used as a tool to indicate a tendency towards company’s financial distress.

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Journal Info

Abbrev

JEMI

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal STEI Ekonomi has been published by the Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta. JEMI published two times a year in June and December. Jurnal STEI Ekonomi (JEMI) focuses on issues pertaining empirical investigation on Indonesian economics, accounting and management. JEMI aimed to tie ...