MODEL PREDIKSI FINANCIAL DISTRESS PERUSAHAAN PERDAGANGAN ECERAN: PENDEKATAN ALTMAN Z-SCORE

  • Rachma Zannati Prodi Akuntansi, Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta, Indonesia
  • Evita Rosdiana Dewi Universitas Islam Attahiriyah Jakarta

Abstract

This study aims to prove the financial distress prediction model through the Z-Score (Altman) approach to financial performance. The number of samples is 21 retail trading companies listed on the Stock Exchange for five years with a purposive sampling technique. Research findings prove that financial performance can predict Financial Distress in the retail trade sector through Working Capital to Total Assets, Debt to Asset Ratio, and Return on Asset variables. The results of research for investors become one of the basic considerations for determining future stock investment decisions. In addition, the results of the study can provide an evaluation of the company's performance in maintaining the stability of business continuity in order to avoid financial distress. Keywords: Altman Z-Score, Financial Performance  

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Published
2019-10-31
How to Cite
Zannati, R., & Dewi, E. (2019). MODEL PREDIKSI FINANCIAL DISTRESS PERUSAHAAN PERDAGANGAN ECERAN: PENDEKATAN ALTMAN Z-SCORE. Jurnal Riset Manajemen Dan Bisnis (JRMB) Fakultas Ekonomi UNIAT, 4(3), 469 - 480. Retrieved from http://jrmb.ejournal-feuniat.net/index.php/JRMB/article/view/322
Section
Articles