Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)

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Financial Distress Prediction Models: Altman Z-Score Approach

Authors
Nurasik1, *, Fitiyan Izza Noor Abidin1, Eka Hasanah1, Agus Rizal2
1Muhammadiyah University of Sidoarjo, Sidoarjo, Indonesia
2STIESIA Surabaya, Surabaya, Indonesia
*Corresponding author. Email: nurasik@umsida.ac.id
Corresponding Author
Nurasik
Available Online 22 May 2023.
DOI
10.2991/978-2-38476-052-7_44How to use a DOI?
Keywords
Financial Distress; Altman Z-Score; Packaging and Plastic Company
Abstract

The purpose of this study is to find out whether the Altman method can predict financial distress in packaging and plastic companies listed on the Indonesia Stock Exchange for the 2016–2019 period. This research method uses quantitative with secondary data sources. The population in this study are packaging and plastic companies listed on the Indonesia Stock Exchange for the 2016–2019 period. The sampling technique used purposive sampling with a total sample of 9 companies. Data analysis technique using descriptive with Excel. Based on the results of the study, it was shown that overall, the calculation of the Z-score using the Altman method or formula stated that during the study period of the 9 (nine) manufacturing companies in the packaging and plastics industry, not all companies were in good health, there were several companies that experienced declines and increases. Quite significantly, there are also companies that have consistently been able to survive the economic turmoil in the plastics industry. The positive impact of this research is that we can find out about the health of the company so that when we are going to invest we won't have any difficulties.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
22 May 2023
ISBN
10.2991/978-2-38476-052-7_44
ISSN
2352-5398
DOI
10.2991/978-2-38476-052-7_44How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Nurasik
AU  - Fitiyan Izza Noor Abidin
AU  - Eka Hasanah
AU  - Agus Rizal
PY  - 2023
DA  - 2023/05/22
TI  - Financial Distress Prediction Models: Altman Z-Score Approach
BT  - Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)
PB  - Atlantis Press
SP  - 398
EP  - 408
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-052-7_44
DO  - 10.2991/978-2-38476-052-7_44
ID  - 2023
ER  -