Analisis Prediksi Kebangkrutan dan Tingkat Akurasi Model Zmijewski pada Perusahaan Industri Produk Perawatan Tubuh yang terdaftar di Bursa Efek Indonesia
Abstract
The aim of this research is to understand the potential for bankruptcy that may occur in companies in the personal care products industry listed on the Indonesia Stock Exchange for the 2014-2022 period. This research method is a quantitative method with analysis techniques using the Zmijewski model. The research results show that 4 companies in the personal care products industry are predicted to be healthy and the Zmijewski model has a high level of accuracy of 100%. In conclusion, the four companies do not have the potential for bankruptcy in this period and the Zmijewski model can be a reliable tool in helping companies anticipate and manage financial risks that may arise in the personal care products industry.
Keywords: Bankruptcy, Accuracy, Zmijewski
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Bareksa. (2015). Tergerus Beban Pokok Penjualan, Laba Unilever Tahun 2014 Naik Tipis 7,2%. https://www.bareksa.com/berita/berita-ekonomi-terkini/2015-03-30/tergerus-beban-pokok-penjualan-laba-unilever-tahun-2014-naik-tipis-72
Hutabarat, F. (2020). Analisis Kinerja Keuangan Perusahaan (G. Puspitasari, Ed.). Desanta Muliavisitama.
Kementerian Perindustrian. (2022). Perkembangan Industri Kosmetik Nasional. http://ikft.kemenperin.go.id/perkembangan-industri-kosmetik-nasional/
Kristanti, F. T., Effendi, N., Herwany, A., & Febrian, E. (2016). Does corporate governance affect the financial distress of indonesian company? A survival analysis using cox hazard model with time-dependent covariates. Advanced Science Letters, 22(12), 4326–4329. https://doi.org/10.1166/asl.2016.8138
Kristanti, F. T., Safriza, Z., & Salim, D. F. (2023). Are Indonesian construction companies financially distressed? A prediction using artificial neural networks. Investment Management and Financial Innovations, 20(2), 41–52. https://doi.org/10.21511/imfi.20(2).2023.04
Lukman, M. (2022). Manajemen Keuangan Korporat: Analisis Kebijakan Eksternal Perusahaan. CV. Bintang Semesta Media.
Lutfiyyah, I., & Bhilawa, L. (2021). Analisis Akurasi Model Altman Modifikasi (Z"-Score), Zmijewski, Ohlson, Springate Dan Grover Untuk Memprediksi Financial Distress Klub Sepak Bola. Jurnal Akuntansi, 13(1), 46–60. http://journal.maranatha.edu
Masdiantini, P., & Warasniasih, N. (2020). Laporan Keuangan dan Prediksi Kebangkrutan Perusahaan. Jurnal Ilmiah Akuntansi, 5, 196–220.
Nurhayati, I., Endri, E., Suharti, T., Sundarta, I., & Rinda, R. T. (2022). The Accuracy of Financial Distress Prediction During the COVID-19 Pandemic on Healthcare Sub-Sector Companies. WSEAS Transactions on Business and Economics, 19, 1463–1475. https://doi.org/10.37394/23207.2022.19.132
Prameswari, A., Yunita, I., & Azhari, M. (2018). Prediksi Kebangkrutan dengan Metode Altman Z-Score, Springate dan Zmijewski pada Perusahaan Delisting di Bursa Efek Indonesia (BEI). Jurnal Riset Akuntansi Kontemporer, Volume 10.
Prihadi, T. (2019). Analisis Laporan Keuangan Konsep dan Aplikasi. Gramedia.
PT Mandom Indonesia Tbk. (2022). Laporan Tahunan 2022 PT Mandom Indonesia Tbk.
PT Martina Berto Tbk. (2017). Laporan Tahunan 2017 PT Martina Berto Tbk.
Sarmigi, E., Putra, E., Bustami, Y., & Parasmala Ennike. (2023). Analisis Laporan Keuangan Perbankan Syariah (N. Duniawati, Ed.). Adab. http://e-theses.iaincurup.ac.id/5818/
Springate, G. L. V. (1978). Predicting the Possibility of Failure in a Canadian Firm. Simon Fraser University. https://dergipark.org.tr/en/pub/jyasar/issue/68893/1011804
Subramanyam, K. R., & Wild, J. J. (2010). Analisis Laporan Keuangan (Ed. 10). Salemba Empat. https://jurnal.untan.ac.id/index.php/ejafe/article/view/62153
Sukamuja, S. (2021). Manajemen Keuangan Korporat: Teori, Analisis, dan Aplikasi Dalam Melakukan Investasi (S. Tjen, Ed.). Andi. https://books.google.co.id/books?hl=en&lr=&id=s6FCEAAAQBAJ&oi=fnd&pg=PR1&dq=Sukamuja,+S.+(2021).+Manajemen+Keuangan+Korporat:+Teori,+Analisis,+dan+Aplikasi+Dalam+Melakukan+Investasi+(S.+Tjen,+Ed.).+ANDI.&ots=PETxj9Rtbu&sig=m27CWAn-FUWZmCajekDEt8R98xs&redir_esc=y#v=onepage&q&f=false
Tanjung, G., Haizam Mohd Saudi, M., & Sinaga, O. (2019). Predicting Financial Distress: A Case Study of Indonesia Coal Firms. In Article in Journal of Advanced Research in Dynamical and Control Systems (Vol. 11). https://www.researchgate.net/publication/334822335
Zmijewski, M. E. (1984). Methodological Issues Related to the Estimation of Financial Distress Prediction Models. In Studies on Current Econometric Issues in Accounting Research (Vol. 22). https://jstor.org/stable/2490859
Published
2024-03-20
Section
Articles
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