Sjam, Amelina Apricia and Dharma, Adhie Guna (2010) Rasio-Rasio Keuangan, Analisa Diskriminan, dan Prediksi Probabilitas Kegagalan Perusahaan-Perusahaan pada Industri Properti dan Real Estate yang Listing di Bursa Efek Indonesia. Project Report. Jurusan Manajemen UK. Maranatha, Bandung. (Unpublished)
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Rasio Rasio Keuangan, Analisa Diskriminan, dan Prediksi Probabilitas Kegagalan.pdf - Submitted Version Download (1029Kb) | Preview |
Abstract
This research is conducted in order to establish a prediction model of company’s failure probability. The sample of the research is a group of property and real estate companies listed in Indonesia Stock Exchange (IDX). The examination period is within the year of 2003 until 2007 with the number of analysis sample measurement equal to 150 units. The analysis sample will be classified "failure" if the company has negative retained earnings, and "non failure" if the company has positive retained earnings. Testing to the sample using multiple discriminate analysis produce discriminant function (discriminant equation) as a prediction model of company’s failure probability. Multiple discriminate analysis revealed two financial ratios which influence the company’s failure probability: Return on Equity (ROE) and Debt to Equity (DTE). This research also shows that ROE is the most influencial financial ratio to a company’s failure probability, followed by DTE. By using cut off value = - 4.23898 a company with Z-Score < - 4.23898 is classified as a failure company, while a company with Z-Score > - 4.23898 is classified as a non failure company. A service company which has Z-Score = - 4.23898 is in the gray area. The precision of discriminant model classification on the analysis sample reaches 95.9% while the accuracy of discriminant model classification prediction to the failure probability of a property and real estate company listed in Indonesia Stock Exchange in 2008 hits 90%.
| Item Type: | Monograph (Project Report) |
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| Uncontrolled Keywords: | financial distress, financial ratios, failure probability. |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Depositing User: | Perpustakaan Maranatha |
| Date Deposited: | 17 Mar 2014 05:02 |
| Last Modified: | 17 Mar 2014 05:02 |
| URI: | http://repository.maranatha.edu/id/eprint/5116 |
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