Financial Distress Analysis Using Altman (Z-Score), Springate (S-Score), Zmijewski (X-Score), and Grover (GScore) Models in the Tourism, Hospitality and Restaurant Subsectors Listed on the Indonesia Stock Exchange Period 2015-2019.

Autor: Lestari, Retno Martanti Endah, Situmorang, Monang, Pratama, M. Ilham Putra, Bon, Abdul Talib
Předmět:
Zdroj: IEOM Annual International Conference Proceedings; Mar2021, p4249-4259, 11p
Abstrakt: Financial Distress Analysis is one way to determine the condition of a company. This information is very important for companies and stakeholders in making decisions. The purpose of this study is to calculate the score from the model used, namely Altman (Z-Score), Springate (S-Score), Zmijewski (X-Score), and Grover (G-Score) and to test or analyze the level of accuracy of each other in the Tourism, Hospitality and Restaurant subsector listed on the Indonesia Stock Exchange period 2015-2019. This research methodology is descriptive quantitative using secondary data with purposive sampling technique and the analysis method is quantitative analysis using the Altman (Z-Score), Springate (S-Score), Zmijewski (X-Score), and Grover (G-Score). The results of this study indicate that the Springate model (S-Score) has the highest level of accuracy in predicting financial distress, which is 68.75% higher than the other three models. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index