Ketepatan Altman Score, Zmijewski Score, Grover Score, dan Fulmer Score dalam menentukan Financial Distress pada Perusahaan Trade and Service
Keywords:Financial Distress, Altman Score, Zmijewski Score, Grover Score, and Fulmer Score.
This research purpose to determine the accuracy among Altman, Zmijewski, Grover, and the Fulmer models in predicting financial distress, and to determine the most accurate prediction models to use in Trade and Service company. With the accuracy of the overall prediction model of 89.4%, this research will compare the four prediction models using real conditions of the company. The Data that used in this research are all form of annual financial reports published by companies on the Indonesia Stock Exchange website. The population used is Trade and Serviceâ€™s company listed on the Indonesia Stock Exchange for the period 2013-2017. Purposive sampling used in this research to obtain 34 companies as research sample. This research compares four prediction models of financial distress using logistic regression analysis. According to the result of this research shows the accuracy between the Altman, Zmijewski, Grover, and Fulmer models to predict financial distress, which the highest level of accuracy is achieved by Zmijewski model and Fulmer model with a value of 100%, followed by Grover model with a value of 97% while Altman model with a value of 73,5%.
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Copyright (c) 2019 Munawarah Munawarah, Anton Wijaya, Cindy Fransisca, Felicia Felicia, Kavita Kavita
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.