Analisis Perbandingan Kemampuan Prediksi Kebangkrutan antara Analisis Altman, Analisis Ohlson dan Analisis Zmijewski pada Sektor Industri Tekstil yang Go Public di Bursa Efek Indonesia Periode 2008-2012

Analisis Perbandingan Kemampuan Prediksi Kebangkrutan antara Analisis Altman, Analisis Ohlson dan Analisis Zmijewski pada Sektor Industri Tekstil yang Go Public di Bursa Efek Indonesia Periode 2008-2012

Author		: BETHANI SURYAWARDANI
Published on	: Jurnal Ecodemica Universitas BSI

Abstract

“This study aims to determine the difference between the Altman Modified Model, the Zmijewski Model and Ohlson Models in predicting bankruptcy in Textile and Garment companies listed in Indonesian Stock Exchange from 2008 to 2012. Research method used in this study is descriptive comparative to explain and compare the three methods for bankruptcy prediction. The results of this study is indicate that Ohlson method (O-Score) proven more accurate for predicting bankruptcy (financial distress), especially for Textile and Garment Industry, because it has a higher accuracy which is probability 97.8% of accuracy, it is evidenced by the results of the calculation, where only HDTX company in 2011 that was not predicted to go bankrupt in the future. While Altman Modified method (Z??? Score) can only predict financial distress for company by 73.3 % accuracy. Zmijewski Models (X-Score) can predict bankruptcy for company by 60 % during research periods.

Keyword: Bankrupcy, Altman Modified, Ohlson, Zmijewski, Financial Distress”