PREDIKSI FINANCIAL DISTRESS MENGGUNAKAN MODEL ZMIJEWSKI DAN MODEL GROVER PADA PERUSAHAAN MIGAS DI BEI

Abstrak

The population in this study were seven oil and gas companies on the Indonesia Stock Exchange in 2012-2017. The sampling method used in this study was saturated sampling. This study uses Zmijewski model and Grover model to predict financial distress. The prediction results of financial distress using Zmijewski model in 2012 and 2013 predicts Radiant Utama Interinsco Tbk to experience financial distress, in 2014 predicts that all companies not experience financial distress, in 2015 predict Energi Mega Persada Tbk and Medco Energi Internasional Tbk to experience financial distress, in 2016 predict Energi Mega Persada Tbk and Benakat Integra Tbk to experience financial distress and in 2017 predict Energi Mega Persada Tbk to experience financial distress. The prediction results of financial distress using Grover model from 2012-2014 predict that all companies not experience financial distress, in 2015 and 2016 predict Benakat Integra Tbk and Energi Mega Persada Tbk to experience financial distress and in 2017 predict Benakat Integra Tbk to experience financial distress and predict Energi Mega Persada Tbk and Surya Esa Perkasa Tbk are in the grey area.

Keywords :  financial distress, zmijewski model and grover model