SETIAWAN, WAHYU (2010) ANALYSIS OF CORPORATIONS BANGKRUPTCY PREDICTION DENGAN MENGGUNAKAN MODEL Z-SCORE (ALTMAN) DAN MODEL FOSTERPADA PERUSAHAAN FARMASI YANG GO PUBLICDI BURSA EFEK INDONESIA. Other thesis, University of Muhammadiyah Malang.
|
Text
ANALYSIS_OF_CORPORATIONS_BANGKRUPTCY_PREDICTION_DENGANMENGGUNAKAN_MODEL_Z.pdf Download (55kB) | Preview |
Abstract
The global financial crisis in 2009 has a tremendous impact that disturbing the company's going-concern principle, if not addressed immediately will result in the direction of financial difficulties and even bankruptcy. These problems plagued many companies in Indonesia, is no exception for the pharmaceutical companies. Altman and Foster has found that the ratio can be used to predict the rate of bankruptcy is the Z-Score Altman Z-Score and Foster. The research objective was to describe the level of bankruptcy with Altman Model and Foster, as well as to compare whether there are differences in the rate of bankruptcy Altman Model and Foster at a pharmaceutical company listed at BEI. The study was descriptive research. While the source of research data is secondary data, namely the financial statements of a pharmaceutical company that went public on the IDX enterprise nine years 2006-2009. Methods of data collection method documentation. Method of analysis using the Z-Score Altman Z-Score and Foster, and hypothesis testing using paired sample t test. The conclusion was that the bankruptcy prediction model with Altman showed 11.11%, or one otherwise healthy companies during the years 2006 to 2009, PT Merck Tbk. Meanwhile, in the year 2006 there were two companies predicted in bankrupt condition. In the year 2007-2008 will be reduced to one company only. While at the end of the year 2009 does not exist. For the model of Foster showed 22.23%, or two companies in the health category in the year 2006, namely: PT Merck Tbk. and PT Kalbe Farma Tbk. In the next two years increased to three companies with the entry of Bristol Myers PT Tbk. Foster model analysis results also showed In 2006 and 2009 there were seven companies and in the years 2007-2008 there were six companies that predict bankruptcy. Hypothesis test showed no statistically significant differences in bankruptcy rates and Foster Altman model years 2006-2009. As a suggestion, management needs to take corrective action corporate performance, investors should be careful in buying shares of pharmaceutical companies that went bankrupt category. Keywords: Bankruptcy prediction, Pharmaceutical companies, Z-Score Altman Z-Score Foster
| Item Type: | Thesis (Other) |
|---|---|
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Economics and Business > Department of Accounting (62201) |
| Depositing User: | Rayi Tegar Pamungkas |
| Date Deposited: | 28 Mar 2012 03:53 |
| Last Modified: | 28 Mar 2012 03:53 |
| URI : | http://eprints.umm.ac.id/id/eprint/1338 |
Actions (login required)
 |
View Item |
