Jurnal Ekonomi dan Kewirausahaan
Vol. 16 No. 2 (2016): Ekonomi dan Kewirausahaan : Juny

ANALISIS FINANCIAL DISTRESS MENGGUNAKAN MODEL ALTMAN Z-SCORE PADA PERUSAHAAN ASURANSI YANG LISTING DI BURSA EFEK INDONESIA TAHUN 2011 – 2014

Icha Cahyaningtyas, Untung Sriwidodo & Setyaningsih Sri Utami (Unknown)



Article Info

Publish Date
22 Sep 2016

Abstract

This study aims to determine the financial condition of insurane companies listed on the Indonesia Stock Exchange from 2011-2014. By using the Altman Z-Score to see how much financial distress on the insurance companies, amounting to 9companies.By using the formula Z-Score = 1,2 X1+1,4 X2+3,3 X3+0,6 X4+1,0 X5. The results showed a total of 9 insurance companies that went public there are still some who are greeting bankrupt condition. In 2011, as many as 22,2% of companies declared bankrupt, 77,9% gray area, and 0% declared healthy. In 2012, as many as 55,6% of companies is declared bankrupt, 44,4% gray area, and 0% declared healthy. In 2013, as many as 44,4% of companies is declared bankrupt, 55,6% gray area, and 0% declared healthy. In 2014, as many as 55,6% of companies was declared bankrupt, 44,4% gray area, and 0% declared healthy.Keywords: altman z-score, financial distress

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Journal Info

Abbrev

Ekonomi

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Human Resource and Development Marketing Management Financial Management Operation Management Strategic Management Entrepreneurial and ...