Relasi : Jurnal Ekonomi
Vol 16 No 2 (2020)

Analisis Komparatif Model Altman Z-Score, Springate, Zmijewski Sebagai Alat Ukur Potensi Kebangkrutan

Joni Hendra (Universitas Panca Marga Probolinggo)
Tatik Amani (Universitas Panca Marga Probolinggo)



Article Info

Publish Date
29 Jul 2020

Abstract

The study was conducted with the aim to determine the effective measurement of bankruptcy by comparing the Altman (Z-Score), Springate, and Zmijewski methods in the Consumer Goods Industry listed on the Indonesia Stock Exchange (IDX) in 2016 -2018. This type of research is quantitative, with the variable bankruptcy, Altman (Z-Score), Springate, and Zmijewski. This type of research is quantitative, with the variable bankruptcy, Altman (Z-Score), Springate, and Zmijewski. The population of this study is the Consumer Goods Industry sub-sector food and beverages with sample selection using purposive sampling so that eleven companies are obtained that meet the sample criteria.The results showed that the calculation results from the Altman Z-Score method were supported by the Springate method because most of them showed relatively similar results. As for the Zmijewski method, the calculation results tend to be different from the other two methods. This can be seen from all companies that are in a safe condition, while the Altman and Springate methods, there is one company that has been declared bankrupt for three periods, namely PT Tri Banyan Tirta Tbk. Keywords:Altman, Springate, Zmijewski, Bankruptcy

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Journal Info

Abbrev

relasi

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Social Sciences

Description

Relasi : Jurnal Ekonomi is an interdisciplinary journal that seeks both theoretical and practical papers devoted to aspects of the subject matter indicated in the title. Topics will be drawn, but not limited to, the following areas: Business Management, Agribusiness Management, Management ...