Analisis Perbandingan Model Kesulitan Keuangan Studi Pada Bank Bukopin Tbk
Abstract
The purpose of this study is to analyze and compare the predictive value of the Altman z-score model of financial distress with the Zmijewski model. The research method used is descriptive quantitative in explaining the phenomena that occur. This study uses data from Bukopin's financial statements for 2018, 2019 and 2020. Data analysis is carried out by calculating the ratio of each model from 2018, 2019 and 2020, then the results of the criteria from the altman z-score model and the zmijewski model are compared and analyzed according to the criteria. The results showed that both the Altman z-score model and the Zmijewski model gave the same results, namely in the years to come the company has the potential to face bankruptcy.
Keywords: Altman Z-Score; Zmijewski; Banking; Comparison Model.
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References
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Zmijewski, M. E. (1984). Methodological Issues Related to the Estimation of Financial Distress Prediction Models. Journal of Accounting Research. https://doi.org/10.2307/2490859
Altman, E. I. (2013). Predicting financial distress of companies: Revisiting the Z- Score and ZETA® models. In Handbook of Research Methods and Applications in Empirical Finance. https://doi.org/10.4337/9780857936097.00027
Ashraf, S., G. S. Félix, E., & Serrasqueiro, Z. (2019). Do Traditional Financial Distress Prediction Models Predict the Early Warning Signs of Financial Distress? Journal of Risk and Financial Management. https://doi.org/10.3390/jrfm12020055
Asmoro, A. (2020). Banking Challenges and Readiness to Face the New Normal. https://www.its.ac.id/drpm/wp-content/uploads/sites/71/2020/06/200611-New-Normal-dan-Tantangan-Perbankan-ITS.pdf
Ayu Damayanti, N., Prasetyaningtyas Jurusan Manajemen, S., Kunci, K., & Z-Score, A. (2011). Analisis Perbandingan Model Prediksi Kebangkrutan … Analisis Perbandingan Model Prediksi Kebangkrutan Altman Z-Score dan Zmijewski di BEI Periode 2011-2015 (Comparative Analysis of Altman Z-Score and Zmijewski Bankruptcy Prediction Models in BEI Period. VI(1), 171–174.
Brigham, E. F., & Daves, P. R. (2007). Capital Budgeting: Decision Criteria. In Intermediate Financial management. https://doi.org/10.1016/0890-8389(89)90100-5
Covid-, P. (2020). Kinerja Perbankan Era Proyeksi Pertumbuhan Ekonomi Global dan Indonesia.
Geng, R., Bose, I., & Chen, X. (2015). Prediction of financial distress: An empirical study of listed Chinese companies using data mining. European Journal of Operational Research. https://doi.org/10.1016/j.ejor.2014.08.016
Jayanti, Q., & Rustiana. (2015). Analisis Tingkat Akurasi Model-Model Prediksi Kebangkrutan untuk Memprediksi Voluntary Auditor Switching (Studi Pada Perusahaan Manufaktur Yang Terdaftar di BEI). Modus, 27(2), 87–108.
Kansal, Ajay Kr; Shashank, S. (2019). A Methodological Review of Financial. 4th International Conference on Advances in Management & Digital Sciences, 1968, 294–301.
Muliati, N. K. (2020). Pengaruh Perekonomian Indonesia di Berbagai Sektor Akibat Corona Virus Disease 2019 (Covid-19). Widya Akuntansi Dan Keuangan, 2(2), 78–86. https://doi.org/10.32795/widyaakuntansi.v2i2.874
Permana, R. K., Ahmar, N., & Djadang, S. (2017). Prediksi Financial Distress Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Esensi: Jurnal Bisnis Dan Manajemen. https://doi.org/10.15408/ess.v7i2.4797
Plat, H. D., & Plat, M. B. (2002). Predicting Corporate Financial Distress: Reflections on Choice-Based Sample Bias. Journal of Economics and Finance.
Prasetianingtias, E., & Kusumowati, D. (2019). Analisis Perbandingan Model Altman, Grover, Zmijewski Dan Springate Sebagai Prediksi Financial Distress. Jurnal Akuntansi Dan Perpajakan, 5(1), 1–3. https://doi.org/10.26905/ap.v5i1.3072
Sajjan, P. R. (2016). Predicting Bankruptcy of Selected Firms By Applying Altman’ s Z-Score Model. International Journal of Research-Granthaalayah.
Suparningsih, B., & Chaeriah, E. S. (2019). Perbandingan Prediksi Kebangkrutan Menggunakan Model Altman Modifikasi, Springate, Zmijewski Dan Grover Pt Ratu Prabu Energi Tbk. Jurnal Manajemen Bisnis Krisnadwipayana, 7(3). https://doi.org/10.35137/jmbk.v7i3.346
Suryawardani, B. (2015). Analisis Perbandingan Kemampuan Prediksi Kebangkrutan Antara Analisis Altman, Analisis Ohlson Dan Analisis Zmijewski Pada Sektor Industri Tekstil Yang Go Public Di Bursa Efek Indonesia Periode 2008-2012. Ecodemica.
Taufik, & Ayuningtyas, E. A. (2020). Dampak Pandemi Covid-19 Terhadap Bisnis Dan ( the Impact of Covid-19 Pandemic on Business and Online. Jurnal Pengembangan Wiraswasta, 22(01), 21–32. https://doi.org/10.33370/jpw.v22i1389
Udayana, E. A. U., Kebangkrutan, P., Model, D., Made, N., Dwi, E., & Sari, M. M. R. (2013). Analisis Prediksi Kebangkrutan Dengan Model Grover, Altman Z-Score, Springate Dan Zmijewski Pada Perusahaan Food and Beverage Di Bei. E-Jurnal Akuntansi, 5(2), 417–435.
Utami, D., & Kawulur, H. R. (2020). Analysis of Bankruptcy Prediction by Altman Z-Score Modification (Study at PT BPR Primaesa Sejahtera Kota Manado). International Journal of Applied Business and International Management, 8–15. https://doi.org/10.32535/ijabim.v0i0.871
Zmijewski, M. E. (1984). Methodological Issues Related to the Estimation of Financial Distress Prediction Models. Journal of Accounting Research. https://doi.org/10.2307/2490859
Published
2021-06-26
How to Cite
KAWULUR, Hisky Ryan.
Analisis Perbandingan Model Kesulitan Keuangan Studi Pada Bank Bukopin Tbk.
E-Jurnal Akuntansi, [S.l.], v. 31, n. 6, p. 1541-1548, june 2021.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/73890>. Date accessed: 25 apr. 2024.
doi: https://doi.org/10.24843/EJA.2021.v31.i06.p15.
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