BANKRUPTCY PREDICTION WITH THE ALTMAN Z-SCORE, SPRINGATE, ZMIJEWSKI, AND GROVER MODELS
| Main Authors: | Reza, Muhammad Jamil, Pagalung, Gagaring, Damayanti, Ratna Ayu |
|---|---|
| Format: | Article info application/pdf |
| Bahasa: | eng |
| Terbitan: |
Institut Transparansi dan Akuntabilitas Publik (INSPIRING)
, 2023
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| Online Access: |
https://journal.inspiring.or.id/cjba/article/view/40 https://journal.inspiring.or.id/cjba/article/view/40/34 |
| ctrlnum |
article-40 |
|---|---|
| fullrecord |
<?xml version="1.0"?>
<dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><title lang="en-US">BANKRUPTCY PREDICTION WITH THE ALTMAN Z-SCORE, SPRINGATE, ZMIJEWSKI, AND GROVER MODELS</title><creator>Reza, Muhammad Jamil</creator><creator>Pagalung, Gagaring</creator><creator>Damayanti, Ratna Ayu</creator><description lang="en-US">Purpose – This study aims to predict bankruptcy towards food and beverage subsector and finding the most accurate analysis model among the Altman Z-Score, Springate, Zmijewski, and Grover
Design/methodology/approach – This analysis uses quantitative descriptive method using Ms. Excel, then performed Kruskal Wallis and accuracy test using IBM-SPSS
Findings – The results by three-year average calculation using Altman Z-Score model shows that 2 out of 21 companies have the potential to go bankrupt, Springate model has 9 out of 21 companies, Zmijewski model has 3 out of 21 companies, and based on Grover model there are 2 out of 21 companies. The results of the hypothesis test showed that there were differences between the models and the Zmijewski model is the most accurate for food and beverage subsector companies.
Originality – This study uses the most accurate analysis model among the Altman Z-Score, Springate, Zmijewski, and Grover by using 2017-2019 financial report data published on Indonesia Stock Exchange (IDX)
Keywords: Bankruptcy, Altman Z-Score, Springate, Zmijewski, Grover
Paper Type Research Result</description><publisher lang="en-US">Institut Transparansi dan Akuntabilitas Publik (INSPIRING)</publisher><date>2023-10-10</date><type>Journal:Article</type><type>Other:info:eu-repo/semantics/publishedVersion</type><type>Journal:Article</type><type>File:application/pdf</type><identifier>https://journal.inspiring.or.id/cjba/article/view/40</identifier><identifier>10.58792/cjba.v3i02.40</identifier><source lang="en-US">Contemporary Journal on Business and Accounting; Vol 3 No 2 (2023): Contemporary Journal on Business and Accounting (CjBA); 118-135</source><source>2776-8996</source><source>2777-0877</source><source>10.58792/cjba.v3i02</source><language>eng</language><relation>https://journal.inspiring.or.id/cjba/article/view/40/34</relation><rights lang="en-US">Copyright (c) 2023 Contemporary Journal on Business and Accounting</rights><recordID>article-40</recordID></dc>
|
| language |
eng |
| format |
Journal:Article Journal Other:info:eu-repo/semantics/publishedVersion Other File:application/pdf File |
| author |
Reza, Muhammad Jamil Pagalung, Gagaring Damayanti, Ratna Ayu |
| title |
BANKRUPTCY PREDICTION WITH THE ALTMAN Z-SCORE, SPRINGATE, ZMIJEWSKI, AND GROVER MODELS |
| publisher |
Institut Transparansi dan Akuntabilitas Publik (INSPIRING) |
| publishDate |
2023 |
| url |
https://journal.inspiring.or.id/cjba/article/view/40 https://journal.inspiring.or.id/cjba/article/view/40/34 |
| contents |
Purpose – This study aims to predict bankruptcy towards food and beverage subsector and finding the most accurate analysis model among the Altman Z-Score, Springate, Zmijewski, and Grover
Design/methodology/approach – This analysis uses quantitative descriptive method using Ms. Excel, then performed Kruskal Wallis and accuracy test using IBM-SPSS
Findings – The results by three-year average calculation using Altman Z-Score model shows that 2 out of 21 companies have the potential to go bankrupt, Springate model has 9 out of 21 companies, Zmijewski model has 3 out of 21 companies, and based on Grover model there are 2 out of 21 companies. The results of the hypothesis test showed that there were differences between the models and the Zmijewski model is the most accurate for food and beverage subsector companies.
Originality – This study uses the most accurate analysis model among the Altman Z-Score, Springate, Zmijewski, and Grover by using 2017-2019 financial report data published on Indonesia Stock Exchange (IDX)
Keywords: Bankruptcy, Altman Z-Score, Springate, Zmijewski, Grover
Paper Type Research Result |
| id |
IOS19745.article-40 |
| institution |
Institut Transparansi dan Akuntabilitas Publik (INSPIRING) |
| institution_id |
10433 |
| institution_type |
library:public library |
| library |
Contemporary Journal on Business and Accounting |
| library_id |
7754 |
| collection |
Contemporary Journal on Business and Accounting (CjBA) |
| repository_id |
19745 |
| subject_area |
Accounting_Finance Accounting_Auditing TAX Auditing |
| city |
KOTA MAKASSAR |
| province |
SULAWESI SELATAN |
| repoId |
IOS19745 |
| first_indexed |
2024-06-13T04:01:53Z |
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2024-06-13T04:01:53Z |
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1801717580575014912 |
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9.9049015 |