ANALISIS PERBANDINGAN MODEL PREDIKSI FINANCIAL DISTRESS ALTMAN, SPRINGATE, OHLSON, DAN ZMIJEWSKI (Studi empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia)
2013
ANALYSIS OF COMPARISON BETWEEN FINANCIAL DISTRESS PREDICTION MODELS ALTMAN, SPRINGATE, OHLSON, AND ZMIJEWSKI (Empiric Study on listed manufacturing firms in Indonesia Stock Exchange). Rismawaty Darwis Said Syarifuddin Rasyid This study purpose to determine the financial distress prediction model is most suitable for use in its application to manufacturing companies in Indonesia, by comparing four financial distress prediction model, the model of Altman, Springate, Ohlson and Zmijewski. Comparisons were made by analyzing the accuracy of each model. The data used in the form of annual financial statements published by the company on the Indonesian Stock Exchange website. The sample used is a manufacturing company listed on the Stock Exchange during the years 2008-2011. The sampling technique is matched-pair sampling with a total sample obtained by 48 companies. The results showed that the most accurate model is the model Zmijewski. At the end of the study was to try to predict the top 18 companies listed on the Stock Exchange Zmijewski model. Predicted results showed that five companies are expected to experience financial distress in the future.
Keywords:
- Correction
- Cite
- Save
- Machine Reading By IdeaReader
0
References
0
Citations
NaN
KQI