Economics and Digital Business Review
Vol. 5 No. 2 (2024)

Comparative Analysis of Altman Method Measurement, Springate, Zmijewski and Grover In Predicting Financial Distress

Wahyuni, Irda Adriana (Unknown)
Laba, Abd Rakhman (Unknown)
Rahim, Fauzi R. (Unknown)



Article Info

Publish Date
17 Apr 2025

Abstract

This research aims to find out and analyze conditions financial distress in mining sector companies listed on the Stock Exchange Indonesia for the 2019-2023 period using the Altman Z prediction model Score, Springate, Zmijewski and Grover. The sample companies are: used in this research were 33 companies obtained by purposive sampling and observations for 5 years to obtain the sample size into 165 samples. The type of data used is secondary data, meanwhile data retrieval techniques obtained from historical data of mining companies, financial reports published by the Indonesian Stock Exchange and literature studies. Technique The data analysis used is a parametric statistical test, namely the Paired Sample test t-test and test the accuracy of the prediction model with the condition that the data must be distributed normal. The results of this study show significant differences between Altman, Springate, Zmijewski, and Grover models in predicting financial distress, and the highest level of accuracy achieved by the Zmijewski model with level accuracy of 94%

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Journal Info

Abbrev

ecotal

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Economics and Digital Business Review, is published by STIE Amkop Makassar in 2020, with registered number ISSN : 2774-2563 (Online), is a peer-reviewed journal published Economics and Digital Business Review published two times a year (January & July) by STIE Amkop Makassar, It provides an academic ...