Eksekutif - IBMT » Altman Z-Score http://eksekutif.ibmt.ac.id Journal Of Business And Management Sun, 21 Feb 2010 08:25:52 +0000 en hourly 1 Analisis Z-Score Dalam Memprediksi Kebangkrutan Bank Go Public Di Bursa Efek Jakarta (BEJ) http://eksekutif.ibmt.ac.id/analisis-z-score-dalam-memprediksi-kebangkrutan-bank-go-public-di-bursa-efek-jakarta-bej/ http://eksekutif.ibmt.ac.id/analisis-z-score-dalam-memprediksi-kebangkrutan-bank-go-public-di-bursa-efek-jakarta-bej/#comments Wed, 10 Jun 2009 00:10:05 +0000 Eksekutif http://eksekutif.ibmt.ac.id/?p=381 Agustiono
Devi Ika Puspitosari

Abstract: Bankrupt that happen on bank is likely to have a domino effect. Edward Altman, in 1968 developed a model that can be predict bankruptcy (ZScore model) with riccuracy as high as 70%. This research will modify Altmans basic formula to find the suitable Z score model for Indonesian banking industry. The original Altmans variables were used (Working Capital/Total Asset, Retained Earning/Total Assets, Earnings before interest and Tax/Total Asset, Market Value Equity/Book Value of Total Liabilities, and Sales/Total Asset) but using discriminant analysis, new constants for each variable is searched. The result of the discriminant analysis is as follow: Z = – 0,896 + 14,495 X1 0,959 X2 + 27, 709 X3 + 14,493 X4 30, 32 X5. With Z value cut off point ( 0, 000143) and t test, banks can be group into two categories, the one that face bankruptcy and not.

Keywords: laverage ratio of the bank, bankruptcy, Altman Z-Score

Related Articles

  • No Related Post
]]> http://eksekutif.ibmt.ac.id/analisis-z-score-dalam-memprediksi-kebangkrutan-bank-go-public-di-bursa-efek-jakarta-bej/feed/ 0