ANALYSIS OF THE USE OF THE ALTMAN Z-SCORE METHOD, SPRINGATE METHOD AND GROVER METHOD AS SIGNALING FINANCIAL DISTRESS
Keywords:
Altman Z-Score, Springate, Grover and Financial Distress methodsAbstract
The effectiveness of the Grover, Springate, and Altman Z-Score methods was compared in this study. This research aims to analyze the performance of the cable telecommunications sector on the Indonesia Stock Exchange from 2018 to 2020. The sample consists of 19 companies that will be traded on the Indonesia Stock Exchange between 2018 and 2021. These companies form a sample size of 72 involved in the cable communications business. This research uses descriptive statistics, capital feasibility tests, regression model feasibility tests, coefficient of determination tests, statistical significance tests, and hypothesis tests. Based on research findings, only the Z-Score approach significantly influences the prediction of financial difficulties among the three methods. Moreover, there is no striking difference between Grover's method and Springate's method for forecasting financial problems.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Lembaga Layanan Pendidikan Tinggi Wilayah X
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with Jurnal Ipteks Terapan ( Research of Applied Science and Education ) agree to the following terms:
- Authors retain copyright and grant Lembaga Layanan Pendidikan Tinggi Wilayah X right of first publication with the work simultaneously licensed under a Creative Commons Attribution 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in Jurnal Ipteks Terapan ( Research of Applied Science and Education ).
-
The author holds the copyright of the submitted and published articles, with the understanding that articles are disseminated under the Creative Commons Attribution 4.0 International License.
- The editor team is entitled to do the editing in accordance with the guidelines writing or templete in the Jurnal Ipteks Terapan ( Research of Applied Science and Education ).
