STUDI POTENSI KEBANGKRUTAN PERUSAHAAN PlUBLIK DI INDONESIA

Abstract

ABSTRACT' The aim of this research is to find out whether there is a difference of potential bankruptcy between the companies in banking and non banking industry. Beside that study also examine the diffbrence of potential bankruptcy across level. Population of this study is companies that were listed in Jakarta Stcok Exchange (BEJ), and the sample was accounted for 282 public companies. The companies were pooled into 11 categories, that was agriculture,mining industry,basic and chemicals,miscellaneous industry,consumer goods industry,property real estate and building constructiombank, infrastructure utilities and transportatiommulti finance,trade services and invesment„insurance Banlcrupty was measured and proxied by the Altmans Z-Score model. Hipotheses were tested by Analysis of Variance (ANOVA). This study reveals that these is a Z-Score differences between banking and non banking industry. This study also found that the potential bankrupty of banking industry is higher than non banking industry. While, the Z-Score average is also significanty different This study suggested that futher research should examine the relationship between variables so that the result can be generalized. Key Word : Companies bankruptcy predict, Z-Score, Industry Sector. ABSTRAK Penelitian int dilalcukan dengan tujuan untulc melihat apakah terdapat perbedaan potensi kebangkrutan perusahaan antara perusahaan perbankan dan non perbankan. Selain itu juga untuk mengetahui apakah terdapat perbedaan potensi kebanglcrutan perusahaan antar selctor industri. Populasi yang digunakan dalatn penelitian ini adalah seluruh perusahaan yang terdaftar di Bursa Efek Jakarta (BEJ), dengan jumlah sampel 282 perusahaan publik. Pengelompokan perusahaan adalah sebanyak 11 perusahaan yaitu agriculture ,mining industry, basic and chemicals ,miscellaneous industry, consumer goods industry, property real estate and building construction,bank infrastructure utilities and transportation, multi finance, trade services and invesment„ insurance. Ukuran kebangkrutan perusahaan penelitian ini diproksikan dengan Z-score dari Altman model. Pengujian hipotesis dilalculcan dengan Analysis of Variance (ANOVA) . Dad pengujian didapatkan hasil bahwa terdapat perbedaan rata-rata Z-score antara industri perbankan dengan non perbankan yang significan. Juga menunjukkan bahwa potensi kebanglcrutan industri perbanlcan lebih tinggi daripada industri non perbankan. Sedanglcan rata-rata Z-score antar industri juga berbeda secara signifilcan. Dan penelitian ini disarankan untuk penelitian yang akan datang peneliti lebih dulu menguji hubungan antar variable sehingga basil dapat lebih dapat digeneralisir. Kata Kunci : Predilcsi Kebanglcrutan Perusahaan, Z-Score, Sektor Industri