Journal of International Conference Proceedings
Vol 2, No 1 (2019): Proceedings of the 3rd International Conference of Project Management (ICPM) Bal

Application of Altman Z-Score Model and Springate Model to Assess the Symptoms of Corporate Banking (Analysis of Studies in Consumer Companies in the Pharmaceutical Sub Sector Registered on the Indonesia Stock Exchange during the 2014-2017 Period)

Asep Saepudin (Universitas Langlangbuana)
Soritaon Siregar (Universitas Langlangbuana)

Article Info

Publish Date
27 Apr 2019

Abstract

The purpose of this study was to examine differences in predictions of symptoms of corporate bankruptcy between the Altman Model and the Springate Model against the symptoms of bankruptcy in the Manufacturing Sector of the Pharmaceutical Sub-sector listed on the Indonesia Stock Exchange during the 2014-2017 period. The research method used is descriptive method. The population in this study were all publicly listed companies on the Indonesia Stock Exchange in 2014 to 2017. Sampling techniques with use of purposive sampling. Based on the sampling criteria, obtained a research sample of 9 pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange during the 2014-2017 period. From the results of the study, the difference between the two is the ratio of the capital market value to the book value of the debt owned by the Altman equation, not owned by the Springate equation. This ratio has a very significant effect because stock prices contribute to the results of the Altman Z-Score model.

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Journal Info
Journal of International Conference Proceedings
Website

Abbrev

JICP

Publisher

AIBPM Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media

Description

JICP is proceedings series that aims to publish proceedings from conferences, in the fields of economics, business, and management research. All proceedings in this website are open access, which means the published articles are permanently free to read, download, copy, and distribute. The online ...