Vol. 6 (07) pp. 293-303 DOI: 10.21474/IJAR01/7363

THE PREDICTION OF COMPANY FINANCIAL PERFORMANCE BANKRUPTCY BY RATIO, STOCK AND Z-SCORE(PT MAIN TBK).

and
  • University of MH. Thamrin , University of Prof. Dr. Moestopo (B) ,Jakarta, Indonesia.
55 Downloads 275 Views
Crossref

Download Full Paper (PDF)

Abstract

The objective of this study is to analyze The Predict of Company Financial Performance Bankruptcy By Ratio, Stock An Z-Score whether it is good or bad with PT Main TBK as the study object. Based on the study objective , the hypotheses are : 1) Campany financial performance is good if it is measurement by using the ratio analysis tool; 2) Company financial performance is good if it measured uses stock analysis tool; 3) Company financial performance is good if it uses Z-score analysis tool. The study design used was descriptive study, while the study method used was through documentation approach. The study sample is financial report from 2014 to 2017 of PT Main TBK. The sampling technique used area sampling (Sugiono,2009)). Analysis methods used were ratio analysis, stock analysis and z-score analysis to answer the hypotheses. The study result based on descriptive analysis toward variable used on company financial performance is proven to be good. The study result based based on the three analysis tools toward variable used on company financial performance is proven to be good. The three analysis result analysis toward the hypotheses test based on the empirical data of 3 hypotheses proven are the ratio analysis result toward company financial performance is proven to be good , the stock analysis toward company financial performance is proven to be good, and the Z score analysis result toward company financial performance is proven to be good.

Keywords

How to Cite This Article

Putu Tirta Sari Ningsih and Rahayu. (2018); THE PREDICTION OF COMPANY FINANCIAL PERFORMANCE BANKRUPTCY BY RATIO, STOCK AND Z-SCORE(PT MAIN TBK)., International Journal of Advanced Research (IJAR), 6 (07), 293-303, ISSN 2320-5407. DOI: https://doi.org/10.21474/IJAR01/7363

Corresponding Author

Putu Tirta Sari Ningsih and Rahayu

Article Analytics

References

  1. Altman E.I. (1968). Financial ratios discriminant analysis and the prediction of corporate bankruptcy. The Journal of Finance 23. 589-609.
  2. Edward I.. R.G. Haldeman. and P. Narayanan. ?Zeta-analysis. A New Model. Aziz, A., D. Emanuel and G. Lawson. 1988. Bankruptcy prediction - An investigation of cash flow based models.
  3. Arthur J.K al. ( 2000)Basic Management Pearson Education Asia Pte Ltd
  4. W. H. (1967). Financial Ratios as Predictors of Failure. Empirical Research in Accounting: Selected
  5. Becchetti, L. and Sierra J., ?Bankruptcy risk a nd productive efficiency in manufacturing firms?, Journal of Banking and Finance, Vol. 27, 2002.
  6. Bilderbeek, J., ?An empirical study of the predictive ability of financial ratios in the Netherlands?, Zeitschrift F?r Betriebswirtschaft May 1979.
  7. Callahan; K. R; Stetz, G. S; Brooks, L. M (2007). Project Management Accounting: Budgeting, Tracking, and Reporting Costs and Profitability. Published by John Willey and Sons, Inc, Hoboken, New Jersey.
  8. J.K. (1978). Modeling a financial ratios categorical framework. Journal of Business Finance and Accounting. 5. 371-386.
  9. Dimitras, A.I., Zanakis, S.H., Zopounidis, C. (2005 ). A survey of business failures with an emphasis on prediction methods and industrial applications. European Journal of Operational Research,
  10. R.O. (1972). An empirical test of financial ratio analysis for small business failure prediction. The Journal of Financial and Quantitative Analysis. 7. 1477-1493.
  11. Eisenbeis, R. A., (1977), ?Pitfalls in the Application of Discriminant Analysis in Business, Finance, and Economics,?
  12. Gentry, J.A., Newbold P. and Whitford D.T., ?C lassifying bankrupt firms with funds flow components?, Journal of Accounting Research, Vol. 23, nr. 1, 1985
  13. (20015) Financial Organizational and Management of Business. Printice -Hall, Inc., Englewood Cliffs , New Jersey, Maruzen Company , Ltd., Tokyo
  14. Jacobson al. (2004) ? Credit risk versus Capital Requirement under Basell II : Are SME Loans and Retail Different ? Journal of financial services Research , forthcoming .
  15. Howard (2007) , Working Capital, Its Management and Control, Macdonald & Evans , Ltd., John Street, London W.C.
  16. Keown, Martin, Petty and Scott,JR (2002) Financial Management Principles and Application, by? Ptintice Hall
  17. Keasey, K. and R. Watson. 1986. The prediction of small company failure: Some behavioral evidence for the UK.
  18. Kompas (2017) newspaper , Jakarta,Indonesia
  19. E.K. (1992). Prediction of failure of a newly founded firm. Journal of Business Venturing. 7. 323-340
  20. Shahzad Ijaz, UIMS-PMAS-Arid ,(2013) Assessing the Financial Failure Using Z-Score and Current Ratio
  21. Sugiono (2009). Metode Penelitian Bisnis, 3 th ed. Bandung. Alfabeta.

Similar Articles

Creative Commons Attribution 4.0 This work is licensed under a Creative Commons Attribution 4.0 International License.