The Prediction of Bankruptcy Using Altman Z-Score Model (Case Study In BRI Bank, BNI Bank, Mandiri Bank, BTN Bank)

Herlin, . (2018): The Prediction of Bankruptcy Using Altman Z-Score Model (Case Study In BRI Bank, BNI Bank, Mandiri Bank, BTN Bank). Published in: Integrated Journal of Business and Economics , Vol. 2, No. 1 (30 January 2018): pp. 12-23.

Abstract

Based on the calculation of the Altman model in predicting bankrupt at PT. Bank Rakyat Indonesia (Persero) Tbk in 2014, 2015, 2016, PT. Bank Mandiri (Persero) Tbk in 2014 and 2015 and is PT.Bank Tabungan Negara (Persero) Tbk in 2014 with a score of Z-score above 2.99 indicates that included in the company healthy or not potential to go bankrupt. Companies included in the category of unhealthy or potential companies to go bankrupt with a Z-score of less than 1.81 ie PT. Bank Tabungan Negara (Persero) Tbk in 2014 with a Z-score of 1.405 (<1.81). Companies included in the Gray Area (unpredictable) are PT. Bank Negara Indonesia (Persero) Tbk 2015 with Z-score of 2, 753 and year 2016 with Z-score 2,858. PT Bank Tabungan Negara in 2015 and 2016 with Z-score of 2,138 and 1,906 and PT. Bank Mandiri (Persero) Tbk in 2016 which shows the value of Z-score of 2,168.

• Item Type: MPRA Paper
• Language: Indonesian
• Keywords: Altman Model, Financial Distress
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

References

Beaver, William H. (1966). Financial Ratios as Predictors of Failure. Journal of Accounting Research, Supplement

Darsono dan Ashari. (2005). Pedoman Praktis Memahami Laporan Keuangan. Andi Publisher

Elloumi, F. and Gueyie, J.P. (2001). Financial Distress and Corporate. Governance: An Empirical Analysis. Corporate Governance. Universitas Sumatera Utara

Fachrudin. Amalia, K. (2008). Kesulitan Keuangan Perusahaan dan Pesonal. Medan: USU Press

Fahmi, I. (2014). Analisis Laporan Keuangan. Bandung: Alfabeta

Gitman dan Xutter. (2012). Principle of Managerial Finance. 13th Edition. Global Edition: Pearson Eduaction Limited

Halim. et al. (2009). Analisa Laporan Keuangan. Yogyakarta: UPP AMP YKPN

Harahap, S. S. (2011). Analisis Kritis Atas Laporan Keuangan. Jakarta : Raja Grafindo Persada

Harun. (2007). Statistika Sosial. Bandung:Program Pascasarjana UNPAD

Jumingan. (2006). Analisis Laporan Keuangan, Cetakan Pertama, Jakarta: PT Bumi Aksara

Kasmir. (2008). Manajemen Perbankan. Edisi Revisi. Jakarta: PT. Raja Grafindo Persada.

Martono dan Harjito, A. (2010). Manajemen Keuangan. Yogyakarta: Ekonesia

Munawir, S. (2005). Analisa Laporan Keuangan. Yogyakarta: Liberty

Munawir, S. (2014). Analisa Laporan Keuangan. Yogyakarta: Liberty

Peraturan Bank Indonesia Nomor 9/7/PBI/2007 Tentang Bank Umum

Permana, Y. (2009). Implementasi Metode X-Score dan Y-Score Untuk Memprediksi Kebangkrutan Perusahaan : Studi Kasus Pada Perusahaan Manufaktur DI BEI Periode 2003-2005. Fakultas Ekonomi, Universitas Negeri Malang

Sartono, A. (2012). Manajemen Keuangan Teori dan Aplikasi. Yogyakarta: BPFE.

Sugiyono. (2012). Metode Penelitian Bisnis. Bandung: CV. Alfabeta.

Undang-undang No.10 Tahun 1998 tentang perbankan

UU RI No.4 Tahun 1998 yang diperbaharui dengan Undang-Undang Nomor 37 Tahun 2004 tentang kepailitan dan penundaan pembayaran kewajiban

Zu’amah, S. (2005). Perbandingan Ketepatan Klasifikasi Model Prediksi Kepailitan Berbasis Akrual dan berbasis Aliran Kas. SNA VIII, hal 441-459.