East Asian Journal of Multidisciplinary Research (EAJMR)
Vol. 2 No. 12 (2023): December 2023

Analysis Financial Distress Potential in Asean Industrial Companies Using Altman Z-Score and Springate Methods

Resmi Yunisa (Faculty of Economics and Business, University of Bengkulu)
Fitri Santi (Faculty of Economics and Business, University of Bengkulu)

Article Info

Publish Date
31 Dec 2023

Abstract

This research aims to analyze the potential for financial distress in the industrial sector companies across five ASEAN countries, using the Altman Z-score (1993) and Springate (1978) methods. Subsequently, these estimations are utilized to determine the error rate in classifying companies into specific groups, such as failed, safe, and grey-area companies. To measure the significance of differences among these groups, an independent sample t-test is employed. The bankruptcy analysis results from the Altman Z-Score and Springate methods within the industrial sector companies across ASEAN countries (Indonesia, Malaysia, Philippines, Singapore, and Thailand) in 2018 until 2020 indicate varying levels of financial distress.

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Journal Info
East Asian Journal of Multidisciplinary Research (EAJMR)
Website

Abbrev

eajmr

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering

Description

East Asian Journal of Multidisciplinary Research (EAJMR) is a scientific multidisciplinary research journal published by Yayasan Pendidikan Penelitian Pengabdian Algero. The aim of this journal publication is to disseminate the research results, conceptual thoughts, improved research methodologies ...