International Business and Accounting Research Journal
Vol 2, No 2 (2018): July 2018

Analysis of Financial Distress with Springate and Method of Grover in Coal In BEI 2012 - 2016

Agnes Gracia Devina Hungan (Universitas Trilogi, Indonesia)
Ni Nyoman Sawitri (Universitas Trilogi, Indonesia)

Article Info

Publish Date
06 Jul 2018


The coal industry is one of the largest contributors to the state budget of more than 40 billion annually, so the declining coal industry and the condition of every coal company in Indonesia are of particular concern to the government. This study examines how the level of financial distress of coal mining companies IDX 2012 - 2016 when analyst with Springate method and Grover method, and which method is most appropriate in predicting financial distress in coal companies. From the results of the calculation with the both methods are Obtained results there are some coal companies are declared to have financial distress with both methods and obtained the result that the Grover method is the most appropriate methods in predicting financial distress.

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Journal Info





Economics, Econometrics & Finance


International Business and Accounting Research Journal published by Sekolah Tinggi Ekonomi dan Bisnis Islam Lampung. The journal seeks to consolidate its position as the premier vehicle for the diversification of academic finance. The journal publishes high quality, insightful, well-written papers ...