Research Article
Altman Z-Score Models and Financial Distress
@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
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