Jurnal Ilmiah Akuntansi Kesatuan
Vol. 12 No. 6 (2024): JIAKES Edisi Desember 2024

Comparison Of Corporate Bankruptcy Predictions Based On The Altman Model And Springate Approach: Case Study of the Technology Sector Listed on the IDX for the 2021-2023 Period

Hidayat, Ahsan Nurfalah (Unknown)
Mutmainah, Isbandriyati (Unknown)
Marnilin, Feni (Unknown)



Article Info

Publish Date
02 Jan 2025

Abstract

This study was conducted to determine the financial performance of technology sector companies from the analysis of bankruptcy prediction using the Altman Z-Score and Springate S-Score methods and compare the accuracy and type error of the two methods in the 2021-2023 period. This study uses secondary data obtained from the Indonesia Stock Exchange using quantitative descriptive analysis techniques. The determination of the sample in this study uses a nonprobability sampling method, precisely with a purposive sampling technique. The results of this study show that based on the Altman Z-Score method, there are 4 technology sector companies that have the potential to experience bankruptcy for 3 consecutive years, including ATIC, DIGI, CASH, ENVY. Based on the Springate S-Score method, it is indicated that 4 companies have the potential to go bankrupt for 3 consecutive years, including DIGI, CASH, ENVY, CYBR. The accuracy and type error rate obtained for three years in technology sector companies based on the Springate S-Score method resulted in a higher accuracy of 72% in 2022 with lower type errors compared to the Altman Z-Score method. Keywords: Technology Sector, Bankruptcy, Altman Z-Score, Springate S-Score

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Journal Info

Abbrev

jiakes

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ilmiah Akuntansi Kesatuan (JIAKES) dikelola dan diterbitkan oleh Lembaga Penelitian dan Pengabdian Kepada Masyarakat (LPPM) Institut Bisnis dan Informatika Kesatuan bekerjasama dengan Fakultas Bisnis dan Fakultas Vokasional IBI ...