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Analisis Kebangkrutan menggunakan Rasio Altman Z-Score

Management Analysis Journal · Vol. 4 No. 2 (2015)

DOI
10.15294/maj.v4i2.7790
ISSN
2502-1451, 2252-6552
Published
2015-06-05
Publisher
Universitas Negeri Semarang
Language
eng

Abstract

This research purposed in order to find out bankruptcy indication of listed in LQ-45 index and delisted companies in Indonesian Stock Exchange using Altman Z-Score. Research population are all listed and delisiting companies in Indonesian Stock Exchange, sample was chosen based on purposive sampling criteria. Among 23 sample companies in LQ45, there are 3 companies predicted as grey area in three years and there is a company predicted as grey area in one year and then predicted on bankrupt condition in the next two years. There are one company which predicted as bankrupt condition in three years. From 10 sample companies which was delisted from IDX, there is one company which predicted as healthy condition in two years, then predicted as bankrupt in the next year. There is a company which was predicted as grey area in one year. This case can be proven that Altman Z-Score ratio has high accuracy in bankruptcy prediction

Collaboration network of the authors

31 authors · 41 co-authorship links

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Co-authorOrganisationJoint articles
Siti RidloahAffiliation unknown2
Gavida Novi WidodoAffiliation unknown1
Dwi CahyaningdyahAffiliation unknown1
Fafurida FafuridaAffiliation unknown1
Rini Setyo WitiastutiAffiliation unknown1
Syam WidiaAffiliation unknown1
Farid AhmadiAffiliation unknown1
Hanan MaulanaAffiliation unknown1
ngizzah khalwiyatun nisakAffiliation unknown1
Cahyati AgustinaAffiliation unknown1
Risalatin HijjahAffiliation unknown1
Riyantina RiyantinaAffiliation unknown1
deka erfianaAffiliation unknown1
Fajar MaulanaAffiliation unknown1
Ayang Aulia NurantoAffiliation unknown1
Tio DarmantoAffiliation unknown1
Siti Asroliatun WahidahAffiliation unknown1
Tika IswariniAffiliation unknown1
Dwi AgustinaAffiliation unknown1
Dewi SukmawardiniAffiliation unknown1
Ayuk Nurmalita SariAffiliation unknown1
Ririn Amelia SariAffiliation unknown1
Adhi WidyaktoAffiliation unknown1
Yohanes SuhardjoAffiliation unknown1
rr Lulus Prapti NSSAffiliation unknown1
Mila AmaliaAffiliation unknown1
Dwi Endah PratiwiAffiliation unknown1
Arkan Fajri Eka PutraAffiliation unknown1
Tika ArismawatiAffiliation 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://journal.unnes.ac.id/sju/index.php/maj/oai, first harvested 6 Nov 2026, last seen 6 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en-US">Analisis Kebangkrutan menggunakan Rasio Altman Z-Score</dc:title>
	<dc:creator>Nuurillah, Nisaa’</dc:creator>
	<dc:creator>Ardiansari, Anindya</dc:creator>
	<dc:description xml:lang="en-US">This research purposed in order to find out bankruptcy indication of listed in LQ-45 index and delisted companies in Indonesian Stock Exchange using Altman Z-Score. Research population are all listed and delisiting companies in Indonesian Stock Exchange, sample was chosen based on purposive sampling criteria. Among 23 sample companies in LQ45, there are 3 companies predicted as grey area in three years and there is a company predicted as grey area in one year and then predicted on bankrupt condition in the next two years. There are one company which predicted as bankrupt condition in three years. From 10 sample companies which was delisted from IDX, there is one company which predicted as healthy condition in two years, then predicted as bankrupt in the next year. There is a company which was predicted as grey area in one year. This case can be proven that Altman Z-Score ratio has high accuracy in bankruptcy prediction</dc:description>
	<dc:publisher xml:lang="en-US">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2015-06-05</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://journal.unnes.ac.id/sju/maj/article/view/7790</dc:identifier>
	<dc:identifier>10.15294/maj.v4i2.7790</dc:identifier>
	<dc:source xml:lang="en-US">Management Analysis Journal; Vol 4 No 2 (2015): Management Analysis Journal</dc:source>
	<dc:source>2502-1451</dc:source>
	<dc:source>2252-6552</dc:source>
	<dc:source>10.15294/maj.v4i2</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/sju/maj/article/view/7790/5360</dc:relation>
</oai_dc:dc>