MODEL PREDIKSI FINANCIAL DISTRESS PADA PERUSAHAAN SEKTOR PROPERTY DAN REAL ESTATE

Authors

  • Didik Gunawan STIE Bina Karya Tebing Tinggi, Indonesia
  • Lala Lala STIE Bina Karya Tebing Tinggi, Indonesia

DOI:

https://doi.org/10.29040/jie.v7i1.7589

Abstract

This study aims to identify and predict financial difficulties using the Altman Z-Score and Zmijewski X-Score models for property and real estate companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2020 period. This type of research is descriptive research. with a quantitative approach. The data used is secondary data in the form of company financial statements. The results showed that based on the Altman model (Z-Score) in 2018 there were 3 companies in the safe zone, 6 companies in the gray zone, and 13 companies in the distress zone. While in 2019 there were 4 companies in the safe zone, 4 companies in the gray zone, and 14 companies in the distress zone. And in 2020 there are 2 companies in the safe zone, 6 companies in the gray zone, and 14 companies in the distress zone. While the results of the research based on the Zmijewski model (X-Score) show that in 2018 there were 21 companies in the safe zone, and 1 company in the distress zone. While in 2019 all companies were in the safe zone, finally in 2020 there were 20 companies in the safe zone, and 2 companies in the distress zone. Keywords : Altman Z-Score, Zmijewski X-Score.

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Published

2023-02-06

How to Cite

Gunawan, D., & Lala, L. (2023). MODEL PREDIKSI FINANCIAL DISTRESS PADA PERUSAHAAN SEKTOR PROPERTY DAN REAL ESTATE. JURNAL ILMIAH EDUNOMIKA, 7(1). https://doi.org/10.29040/jie.v7i1.7589

Issue

Vol. 7 No. 1 (2023): EDUNOMIKA : Vol. 07, No. 01, 2023

Section

Articles

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