Analisis Penggunaan Metode Altman Z-Score, Springate dan Zmijewski dalam Memprediksi Potensi terjadinya Financial Distress pada Perusahaan Food and Beverage Periode 2016-2018
| Main Author: | B1021161046, Yuanti Rapiana |
|---|---|
| Format: | Article info eJournal |
| Bahasa: | eng |
| Terbitan: |
Jurnal Manajemen Update
, 2020
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| Online Access: |
http://jurnal.untan.ac.id/index.php/ejmfe/article/view/43477 |
Daftar Isi:
- ABSTRACTThe purpose of this study is to find out and analyze predictions of financial distress on food and beverage companies listed on the Indonesia Stock Exchange in 2016-2018 using the Altman Z-Score, Springate and Zmijewski methods. The population in the study was 26 companies and a sample of 13 companies. Data analysis techniques used in this research are by using descriptive analysis. The result of financial distress prediction using Altman Z-Score method is one company that has experienced financial distress for three years in the period 2016-2018, it's PT. Tri Banyan Tirta Tbk. Financial distress prediction results using Springate method there is one company that has financial distress, it's PT. Tri Banyan Tirta Tbk in 2016-2018. Financial distress prediction results using Zmijewski method there is one company that has financial distress, it's PT. Tri Banyan Tirta Tbk in 2016-2018.Keywords : Financial Distress, Altman Z-Score, Springate And Zmijewski MethodsDaftar PustakaAltman, Edward I. 1968. Financial Ratio, Discriminant Analysis and The Prediction of Corporate Bankruptcy. The Journal of Finance, Vol. 23, No. 4 (589-609).Baimwera, Bernard dan Antony Murimi Muriuki. 2014. Analysis Of Corporate Financial Distress Determinants: A Survey Of Non-Financial Firm Listed In The NSE. International Journal of Current Business and Social Science, Vol 1. Issue 2.Eneng dan Irwan, 2015. Pengaruh Rasio Keuangan Terhadap Prediksi Kebangkrutan (Altman Z-Score) Industri Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Tahun 2009-2011. Jurnal Visionida, Vol. 1, No. 1.Fahmi, Irham. 2014. Pengantar Manajemen Keuangan. Bandung : Alfabeta.Hanafi, Mamduh M. 2005. Manajemen Kuangan. Yogyakarta : BPFE.Hantono, 2019. Memprediksi Financial Distress Dengan Menggunakan Model Altman Score, Grover Score, Zmijewski Score (Studi Kasus Pada Perusahaan Perbankan). Jurnal Riset Akuntansi Going Concern, Vol 14 (1).Hery, 2015. Analisis Laporan Keuangan (Pendekatan Rasio Keuangan). Yogyakarta : CAPS (Center Of Academic Publishing Service).Hofer, C. W. 1980. Turnaround Strategies. Journalof Business Strategy, Vol. 1, 19-31. Irma Christiana, 2018. Analisis Potensi Kebangkrutan Pada Perusahaan Makanan dan Minuman Yang Terdaftar Di BEI. STMIK Royal-AMIK Royal, 435-440.Lestari, Halim dan Junaidi. 2018. Prediksi kebangkrutan berdasarkan metode altman Z-Score (studi kasus perusahaan makanan dan minuman yang terdaftar pada Bursa Efek Indonesia 2011-2016). Jurnal Manajemen, Vol.4, No. 1.Mamduh M. Hanafi. 2014. Manajemen Keuangan. Yogyakarta: BPFE-Yogyakarta.Martono, Nanang. 2011. Metode Penelitian Kuantitatif Analisis Isi dan Analisis Data Sekunder. Jakarta : Rajawali Pers.Novia dan Salim. 2019. Analisis Model Altman Untuk Memprediksi Kebangkrutan Pada Perusahaan Makanan Dan Minuman. Jurnal Multiparadigma Akuntansi, Vol 1, No. 3.Permana, Ahmar dan Syahril. 2017. Prediksi Financial Distress Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Jurnal Bisnis dan Manajemen,Vol 7,No 2.Platt, Harlan D dan Platt, Marjorie B. 2002. Predicting Corporate Financial Distress: Refections on Choice-Based Sample Bias. Journal of Economics and Finance.Prihadi, Toto. (2009). Investigasi Laporan Keuangan & Analisis Rasio Keuangan. Jakarta : PPM.Rahayu, Suwendra dan Yulianthini. 2016. Anaisis Financia Distress Dengan Menggunakan Meode Altman Z-Score, Springate, dan Zmijewski Pada Perusahaan Telekomunikasi. E-Journal Bisma Universitas Pendidikan Ganesha Jurusan Manajemen , Vol. 4.Rahmawati dan Hadiprajitno, 2015. Analisis Rasio Keuangan Terhadap Kondisi Financial Distress Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2008-2013. Diponegor Journal Of Accounting, Vol. 4, No. 2.Springate, Gord.L.V. 1978. Predicting the Possibility of Failure in a Canadian Firm. Unpublished MBA Research Project. Simon Fraser University.Sugiyono, 2017. Metode Penelitian Bisnis Pendekatan Kuantitatif, Kualitatif, Kombinasi, dan R&D. Bandung : Alfabeta.Whitaker, R. B. 1999. The Early Stages of Financial Distress. Journal of Economics and Finance, Vol. 23, 123-133.Wiratiwi, Triyono dan Mardalis. 2010. Analisis Rasio Keuangan Untuk Memprediksi Kesulitan Keuangan (Studi Empiris Perusahaan Manufaktur Go Publik). Jurnal Daya Saing Ekonomi Manajemen Sumber Daya,Vol. 11, No. 1.Zmijewski, M.E. 1984. Methodological Issues Relate to the Estimation of Financial Distress Prediction Models. Journal of Acccounting Research, Vol. 22: 59-71.www.idx.comwww.sahamok.co.id