MEMPREDIKSI PERUSAHAAN YANG BERPOTENSI MENGALAMI MASALAH KEUANGAN DENGAN MODEL ALTMAN, SPRINGATE, DAN ZMIJEWSKI (Studi Pada Perusahaan Ritel Yang Terdaftar Di BEI Periode Tahun 2012- 2016)

Abstract

This study purpose to find out the prediction model of Financial Distress that is most suitable for its application in Retail companies in Indonesia. This study compares three models of financial distress prediction there are the model of Altman, Springate, and Zmijewski by analyzing the accuracy of each model. The model with the highest accuracy is used to predict Retail companies that will experience financial distress in the future. The research data is taken from the financial statements of Retail companies listed in Indonesia Stock Exchange (IDX) for the period 2012-2016. The samples used in this study as many as 12 companies by using purposive sampling technique. The method of analysis used is logistic regression. The results showed if the Altman and Zmijewski models can be used to predict financial distress in Retail companies. The most accurate model is the Zmijewski model. At the end of the research model Zmijewski used to predict 12 companies Retail listed on the IDX period 2016. The prediction results show that three companies are predicted to experience financial distress in the future.