SUBMIT YOUR RESEARCH
Saudi Journal of Economics and Finance (SJEF)
Volume-4 | Issue-01 | 1-11
Original Research Article
Financial Distress Prediction of Lippo Group Companies Using Altman and Zmijewski Models
Putri Renalita Sutra Tanjung, Dewi Anggraini
Published : Jan. 11, 2020
DOI : 10.36348/sjef.2020.v04i01.001
Abstract
Financial distress Are the stages of a company's financial condition decline. Companies that experience financial distress in the long term tend to go bankrupt. Many parties will be harmed if a company goes bankrupt; for this reason, a bankruptcy prediction model is needed that can provide early warning for the company. This research was conducted to determine whether there are differences in financial distress prediction analysis using the Altman model, and the Lippo Group's Zmijewski Model, and to find out the most accurate bankruptcy prediction models. The analytical method used in this study is Logit Regression. The test results conclude that there are differences in predicting financial difficulties based on the Altman model, the Zmijewski Model.
Scholars Middle East Publishers
Browse Journals
Payments
Publication Ethics
SUBMIT ARTICLE
Browse Journals
Payments
Publication Ethics
SUBMIT ARTICLE
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
© Copyright Scholars Middle East Publisher. All Rights Reserved.