Melola Discovery

← Melola Discovery

Open access Journal SINTA 1

THE EFFECT OF FINANCIAL PERFORMANCE ON THE RISK OF BANKRUPTCY OF ISLAMIC COMMERCIAL BANKS IN INDONESIA (USING THE MODIFIED ALTMAN Z-SCORE METHOD FOR THE PERIOD 2011-2017)

JEBIS (Jurnal Ekonomi dan Bisnis Islam) · Vol. 4 No. 2 (2018) · pp. 166–183

DOI
10.20473/jebis.v4i2.10757
ISSN
2527-3027, 2442-6563
Published
2018-12-31
Publisher
Universitas Airlangga
Language
eng
License
creativecommons.org/licenses/by-nc-sa/4.0

Abstract

This research aims to find out the influence of financial performance measured using the Capital Adequacy Ratio variable, Financing to Deposit Ratio, Leverage, Bank Size, Loan to Asset Ratio and Return on Assets to the risk of sharia bank bankruptcy in Indonesia calculated using the Altman Z-Score method Modification. This study uses a quantitative approach with panel data regression analysis techniques. The results of this study show partially the variable Capital Adequacy Ratio, Financing to Deposit Ratio, Bank Size has a significant positive effect, the variable Loan to Asset Ratio Leverage has a significant negative effect, and Return on Asset has a positive and insignificant effect. Nevertheles the variable Capital Adequacy Ratio, Financing to Deposit Ratio, Leverage, Bank Size, Loan to Asset Ratio and Return on Asset have a significant effect on the value of Altman Z-Score as a measure of the risk of bankruptcy in Islamic commercial banks in Indonesia.Keywords: Financial Performance, Islamic Commercial Bank, Risk of Bankruptcy, Altman Z-Score Modification

Collaboration network of the authors

20 authors · 47 co-authorship links · 11 across different organisations

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • Bandung Institute of Technology
  • Universitas Airlangga
  • Binus University
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Raditya SukmanaUniversitas Airlangga2
Satria Fadil PersadaBinus University1
Reza Ashari NasutionBandung Institute of Technology1
Michelle FericaBandung Institute of Technology1
Prawira Fajarindra BelgiawanBandung Institute of Technology1
Lidia MayangsariBandung Institute of Technology1
Nila Armelia WindasariBandung Institute of Technology1
Hanifiyah Yuliatul HijriahAffiliation unknown1
Himmatul KholidahAffiliation unknown1
Bani AlkausarAffiliation unknown1
Muhammad Ubaidillah Al MustofaAffiliation unknown1
Bayu Arie FiantoAffiliation unknown1
Muhammad MadyanAffiliation unknown1
KP PrabheeshAffiliation unknown1
Sylva Alif RusmitaAffiliation unknown1
Eko Fajar CahyonoAffiliation unknown1
Afifatun Ni’mahAffiliation unknown1
Aam Slamet RusydianaAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://e-journal.unair.ac.id/JEBIS/oai, first harvested 8 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
<oai_dc:dc xmlns="http://www.openarchives.org/OAI/2.0/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/  http://www.openarchives.org/OAI/2.0/oai_dc.xsd">
	<dc:title xml:lang="en-US">THE EFFECT OF FINANCIAL PERFORMANCE ON THE RISK OF BANKRUPTCY OF ISLAMIC COMMERCIAL BANKS IN INDONESIA (USING THE MODIFIED ALTMAN Z-SCORE METHOD FOR THE PERIOD 2011-2017)</dc:title>
	<dc:creator>Afiqoh, Luluk</dc:creator>
	<dc:creator>Laila, Nisful</dc:creator>
	<dc:description xml:lang="en-US">This research aims to find out the influence of financial performance measured using the Capital Adequacy Ratio variable, Financing to Deposit Ratio, Leverage, Bank Size, Loan to Asset Ratio and Return on Assets to the risk of sharia bank bankruptcy in Indonesia calculated using the Altman Z-Score method Modification. This study uses a quantitative approach with panel data regression analysis techniques. The results of this study show partially the variable Capital Adequacy Ratio, Financing to Deposit Ratio, Bank Size has a significant positive effect, the variable Loan to Asset Ratio Leverage has a significant negative effect, and Return on Asset has a positive and insignificant effect. Nevertheles the variable Capital Adequacy Ratio, Financing to Deposit Ratio, Leverage, Bank Size, Loan to Asset Ratio and Return on Asset have a significant effect on the value of Altman Z-Score as a measure of the risk of bankruptcy in Islamic commercial banks in Indonesia.Keywords: Financial Performance, Islamic Commercial Bank, Risk of Bankruptcy, Altman Z-Score Modification</dc:description>
	<dc:publisher xml:lang="en-US">Universitas Airlangga</dc:publisher>
	<dc:date>2018-12-31</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://e-journal.unair.ac.id/JEBIS/article/view/10757</dc:identifier>
	<dc:identifier>10.20473/jebis.v4i2.10757</dc:identifier>
	<dc:source xml:lang="en-US">Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business); Vol. 4 No. 2 (2018): JULI-DESEMBER 2018; 166-183</dc:source>
	<dc:source>2527-3027</dc:source>
	<dc:source>2442-6563</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://e-journal.unair.ac.id/JEBIS/article/view/10757/6192</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2018 Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business)</dc:rights>
	<dc:rights xml:lang="en-US">http://creativecommons.org/licenses/by-nc-sa/4.0</dc:rights>
</oai_dc:dc>