Relevance: Journal of Management and Business
Vol. 6 No. 2 (2023)

Analysis Comparison Financial Distress Prediction Models for Hotel, Restaurant, and Tourism Subsector Companies on IDX

Mutia Andini (Faculty of Economics, Bangka Belitung Univeristy, Bangka Belitung, Indonesia)
Dian Prihardini Wibawa (Faculty of Economics, Bangka Belitung Univeristy, Bangka Belitung, Indonesia)
Ari Agung Nugroho (Faculty of Economics, Bangka Belitung Univeristy, Bangka Belitung, Indonesia)



Article Info

Publish Date
30 Dec 2023

Abstract

The Covid-19 outbreak has plagued and spread to all corners of the world, one of which is Indonesia. As a result of the prolonged Covid-19, Indonesia's economic growth has decreased as well as publicly listed companies on the IDX. This study aims to: (1) test whether there are differences in the prediction results between Taffler, CA-Score, Grover and Ohlson models, (2) test which predictive model is the most accurate in predicting the financial distress of companies in hotel, restaurant, and tourism sub-sectors, and (3) knowing which companies are predicted to be affected by financial distress. This type of research is quantitative descriptive using secondary data taken from the company's financial statements with purposive sampling technique so that there are 13 companies as samples. The results showed that there were differences in the prediction results of Taffler, CA-Score, Grover, and Ohlson models with the highest level of accuracy owned by the Grover model, which was 93,85%. Based on the calculation of the Grover model, there are three companies that are predicted to experience financial distress. Therefore, to overcome this, the company can improve its performance by increasing working capital and profits. Keywords: Financial Distress; Taffler; CA-Score; Grover; Ohlson

Copyrights © 2023






Journal Info

Abbrev

relevance

Publisher

Subject

Economics, Econometrics & Finance

Description

RELEVANCE aims to publish articles in the field of Islamic Management and Business, including but not limited to research results, scientific studies, and field ...