Prediksi Financial Distress Dengan Menggunakan Bankruptcy Prediction Model
DOI:
https://doi.org/10.30603/ab.v18i2.2640Kata Kunci:
Financial Distress, Altman Z-Score, Bankruptcy Prediction ModelAbstrak
Penelitian ini bertujuan untuk mengetahui financial distress dengan menggunakan Model Prediksi Kebangkrutan Altman Z-Score dan untuk memvalidasi variabel Altman Z-Score pada sub sektor telekomunikasi yang terdaftar di Bursa Efek Indonesia. Pendekatan kuantitatif dengan model prediksi kebangkrutan Altman Z-score dan analisis korelasi menggunakan Eviews digunakan dalam penelitian ini. Hasil penelitian menunjukkan bahwa selama periode pengamatan 2015-2019 perusahaan subsektor telekomunikasi secara keseluruhan mengalami financial distress, namun pada tahun 2017 dalam kategori sehat. Selain itu, hasil penelitian berdasarkan subsektor telekomunikasi perusahaan yang diperoleh adalah Te lekomunikasi Indonesia Tbk (TLKM) dalam kondisi sehat, Bakrie Telecom Tbk (BTEL) dan Smartfren Telecom Tbk (FREN) dalam kondisi financial distress, XL Axiata Tbk (EXCL ) dan Indosat Tbk (ISAT). kondisi wilayah abu-abu. Hasil korelasi rasio variabel Altman Z-Score diperoleh korelasi terkuat yaitu variabel rasio X2, X3 dan X5, variabel rasio X1, kategori cukup kuat dan yang memberikan kontribusi terkecil adalah X4 dengan kategori rendah. Hasil penelitian ini diharapkan dapat memberikan kontribusi pengetahuan tentang potensi financial distress dengan model prediksi kebangkrutan guna meminimalkan risiko kebangkrutan.
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