STUDI KOMPARATIF MODEL Z-SCORE ALTMAN, SPRINGATE DAN ZMIJEWSKI DALAM MENGINDIKASIKAN KEBANGKRUTAN PERUSAHAAN YANG TERDAFTAR DI BEI
Abstract: This study aimed
analyze the differences between three models predicted which Altman Z-Score
model, Springate and Zmijewski on companies listed in Indonesia Stock Exchange.
This study classified in comparative research. The population in this study are
all companies listed on the Indonesia Stock Exchange from 2010 to 2013. While
the sample is determined by purposive sampling method in order to obtain 46
sample firms. Types of data used are secondary data obtained from the
Indonesian capital market directory and www.idx.co.id. The analytical method
used is the Independent Sample Test, descriptive statistics and accuracy by
using post hoc and error type.
The results of this research are: 1). There are significant differences
between the results of the analysis bankruptcy Altman Z-score model, Model
Springate and models Zmijewski on companies listed on the Stock Exchange, 2).
The most accurate model based on post hoc test was modeled Altmant while the
most accurate model is based on the type of error is a model Zmijewski, 3).
Predicted company will be bankrupt by the model Altmant and Zmijewski is PT.
Argo Pantes Tbk, PT. Arpeni Pratama Ocean Line Tbk, PT. Steady Safe Tbk, PT.
Bakrie Telkom and PT. Smartfren Tbk.
Based on the research results suggested further research to determine the
sample using the category of companies that are not bankrupt or bankrupt
company is not only based on the analysis of data but using facts and data are
more accurate and for further research to better differentiate companies large
and small companies in making the study sample.
Penulis: Wahyu Nurcahyanti
Kode Jurnal: jpakuntansidd150500
