PENGGUNAAN MODEL ALTMAN Z-SCORE UNTUK MEMPREDIKSI FINANCIAL DISTRESS DAN DAMPAKNYA TERHADAP NILAI PERUSAHAAN (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2016 – 2019)

ANGGRAINI, DINI JAYA (2022) PENGGUNAAN MODEL ALTMAN Z-SCORE UNTUK MEMPREDIKSI FINANCIAL DISTRESS DAN DAMPAKNYA TERHADAP NILAI PERUSAHAAN (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2016 – 2019). S2 thesis, Universitas Mercu Buana - Menteng.

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Abstract

This research examines and presents a bankruptcy prediction model for manufacturing companies that have been listed on the Jakarta Stock Exchange using the Altman Z-Score Type 1 (Original Type) model formula and its impact on firm value. This research uses two analyzes, there are; logistic analysis that combines matrix and non-matrix on one of the variables, then the matrix variable is dummy 0 for bankrupt companies and 1 for healthy companies; and multiple linear regression analysis using panel data that combines time-series data and cross-series data. The data obtained were 111 manufacturing companies listed on the IDX in 2016 – 2019 using the purposive sampling method, so that the total data in this study was 444. However, due to outlier, the researcher discarded the outlier data. So the amount of data used in this study is 339 data. The results of this study indicate that by using the Altman Z-Score type 1 model, the ratio of profitability, liquidity and leverage can be used to predict financial distress. Financial distress with the Altman Z-Score Model,profitability ratios, liquidity ratios and leverage ratios have an effect on firm value using a sample of manufacturing companies. Keywords : Altman Z-Score Model, Firm Value, Financial Performance Penelitian ini mengkaji dan menyajikan model prediksi kebangkrutan perusahaan manufaktur yang telah listing di Bursa Efek Jakarta dengan menggunakan rumus model Altman Z-Score Tipe 1 (Tipe Orisinil) serta dampaknya terhadap nilai perusahaan. Penelitian ini menggunakan dua analaisis yaitu ; analisis logistik yang mengkombinasikan matrik dan non-matrik pada salah satu variabelnya, kemudian variabel matrik tersebut didummy 0 untuk perusahaan bangkrut dan 1 untuk perusahaan sehat; dan analisis regresi linier berganda dengan menggunakan data panel yang menggabungkan data time-series dan data cross-series. Data yang diperoleh yaitu 111 perusahaan manufaktur yang listed di BEI pada tahun 2016 – 2019 dengan metode purposive sampling, sehingga total data dalam penelitian ini sebanyak 444. Namun karena adanya outliers yang terjadi, maka peneliti membuang data outliers tersebut. Sehingga jumlah data yang digunakan dalam penelitian ini berjumlah 339 data. Hasil dari penelitian ini menunjukkan bahwa dengan menggunakan model Altman Z-Score tipe 1, rasio profitabilitas, likuiditas dan leverage tidak dapat digunakan untuk memprediksi financial distress. Sedangkan financial distress dengan model Altman Z-Score, rasio profitabilitas, rasio likuiditas dan rasio leverage memiliki pengaruh terhadap nilai perusahaan dengan menggunakan sampel perusahaan manufaktur. Kata kunci : Model Altman Z-Score, Nilai Perusahaan, Kinerja Keuangan

Item Type: Thesis (S2)
NIM/NIDN Creators: 55519110011
Uncontrolled Keywords: Model Altman Z-Score, Nilai Perusahaan, Kinerja Keuangan, Altman Z-Score Model, Firm Value, Financial Performance
Subjects: 600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 657 Accounting/Akuntansi
Divisions: Pascasarjana > Magister Akuntansi
Depositing User: MELATI CAHYA FITRIANI
Date Deposited: 03 Apr 2023 05:16
Last Modified: 03 Apr 2023 05:16
URI: http://repository.mercubuana.ac.id/id/eprint/75918

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