ANALISIS PERBANDINGAN MODEL ALTMAN, SPRINGATE, ZMIJEWSKI, DAN OHLSON DALAM MEMPREDIKSI FINANCIAL DISTRESS (StudiKasusPada Perusahaan LQ-45 Bursa Efek Indonesia Periode 2013-2014)

Winda Widyanty, Widya Garnita, Melvin Lukito

Abstract


This study purpose to determine whether there are differences among Altman model, Springate model, Zmijewski model, and Ohlson model to predict financial distress, and to find out which the Financial Distress prediction model has the most excellent implementation on LQ-45 company in Indonesia. Comparison of those four models were made by analyzing the accuracy of each model in LQ-45 companies. The data used in the form of annual financial statements published by the company on the Indonesia Stock Exchange website. The population used is LQ-45 companies period 2013-2014. The sampling technique is purposive sampling with a total sample obtained by 26 companies. The results from this research showed that the most accurate model to predict financial distress on LQ-45 companies in Indonesia is the Zmijewski model.

Keywords


Financial Distress, Prediction Model, Financial Ratios, Financial Reports.

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