Jurnal Ekonomi Syariah
Vol. 3 No. 1 (2022): Februari 2022

ANALISIS PREDIKSI KEBANGKRUTAN PADA BANK UMUM SYARIAH DEVISA DI INDONESIA DENGAN MENGGUNAKAN METODE ALTMAN Z SCORE TAHUN 2013 SAMPAI 2015

Khusnudin, Imam (Unknown)
Munawir, Munawir (Unknown)



Article Info

Publish Date
25 Aug 2022

Abstract

The aim is to find out the Altman Z-Score variables are able to predict bankruptcy and to determine the significant effect between working capital/total assets, retained earnings/total assets, earnings before interest and taxes/total assets, and book value equity/total liabilities on predictions. Bankruptcy in the Foreign Exchange BUS in Indonesia for the period 2013-2015. The results of the first test show that during the period 2013-2015 Foreign Exchange BUS is predicted to be in a healthy condition, except in the second quarter Mega Syariah is predicted to go bankrupt. And the results of the second test show that partially working capital/total assets and retained earnings/total assets have no effect on the prediction of bank bankruptcy, while the variables of earnings before interest and taxes/total assets and book value of equity/total liabilities have a significant effect on bankruptcy prediction. From the results of the f test simultaneously the four Altman Z-Score variables together have a significant effect on the prediction of bank bankruptcy. And the results of the multiple correlation determinant that 36% of the Z-Score value is influenced by the variables of MKTA, LDTA, LSBPTA, and NBETK.

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Journal Info

Abbrev

JESDar

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Islamic Economics Darussalam is a periodical journal published by Islamic Economics Study Program, Faculty of Islamic Economics and Business, Darussalam Islamic Institute, Blokagung Banyuwangi. This journal specializes in the study of sharia economics, sharia business management, ...