Proceedings of the 5th International Public Sector Conference, IPSC 2023, October 10th-11th 2023, Bali, Indonesia

Research Article

Altman Z-Score Models and Financial Distress

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  • @INPROCEEDINGS{10.4108/eai.10-10-2023.2342214,
        author={Yudhi  Prasetiyo and Etik Ipda  Riyani and Yeni  Widiastuti and Putri  Agustina},
        title={Altman Z-Score Models and Financial Distress},
        proceedings={Proceedings of the 5th International Public Sector Conference, IPSC 2023, October 10th-11th 2023, Bali, Indonesia},
        publisher={EAI},
        proceedings_a={IPSC},
        year={2023},
        month={12},
        keywords={altman z score financial distress various industrial companies indonesia stock exchange},
        doi={10.4108/eai.10-10-2023.2342214}
    }
    
  • Yudhi Prasetiyo
    Etik Ipda Riyani
    Yeni Widiastuti
    Putri Agustina
    Year: 2023
    Altman Z-Score Models and Financial Distress
    IPSC
    EAI
    DOI: 10.4108/eai.10-10-2023.2342214
Yudhi Prasetiyo1,*, Etik Ipda Riyani1, Yeni Widiastuti1, Putri Agustina1
  • 1: Universitas Terbuka
*Contact email: yudhiprasetiyo@ecampus.ut.ac.id

Abstract

Indonesian economic predictions for 2023 by economists make the public reaction tighter in preparing for a global recession. Given these problems, the purpose of this paper is to see financial predictions within the company to face these challenges. The method uses descriptive exploratory analysis using a purposive sampling technique with a sample of industrial companies on the Indonesia Stock Exchange in 2018-2021. The results of the study show that in various companies in the industrial sector on the Indonesia Stock Exchange for the 2018-2021 period, in 2018 there were 12 company category dangerous zones, 5 gray zones, and 4 safe zones, then in 2019 at 9 dangerous zones, 8 gray zones, and 4 safe zones, in 2020 12 company dangerous zones, 5 company gray zones, and 4 safe zones, and 2021 11 dangerous zones, 6 gray zones and 4 safety zones