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Journal : Jurnal Fokus Manajemen Bisnis

PENGGUNAAN ZMIJEWSKI'S SCORE DAN SPRINGATE'S SCORE UNTUK MEMPREDIKSI KINERJA PERUSAHAAN DALAM KONDISI KRISIS EKONOMI Anis Al Rosjidi
Jurnal Fokus Manajemen Bisnis Vol. 11 No. 2 (2021)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/fokus.v11i2.4710

Abstract

The Covid-19 pandemic has deteriorated the company's performance in the restaurant, hotel, tourism and transportation sectors. However, some companies are still able to survive by continuing to show positive performance. Using a sample of 54 companies in the restaurant, hotel, tourism, and transportation sectors, this study examines whether the Zmijewski score and the Springate score (which is commonly used to predict bankruptcy) can also be used to predict performance in times of crisis. This study shows that the Zmijewski score and the Springate score can be used. Zmijewski's score is negatively related to the company's profitability during the crisis, while the Springate's score is positively related to the company's profitability during the crisis. This study shows that the bankruptcy prediction score can be extended to predict the company's performance in times of crisis.