Analisis Prediksi Kebangkrutan Perusahaan dengan Menggunakan Metode Altman (Z-score) (Studi pada Subsektor Rokok yang Listing dan Perusahaan Delisting di Bursa Efek Indonesia Tahun 2009 – 2013)

摘要

This study conducted to determine the health of financial companies and listing of cigarettes subsektor delisting 2009 - 2013 in the Indonesia stock exchange , and knowing a sign of failure of business that leads to bankruptcy, if reviewed by using a method of altman (Z-Score ). A kind of data used in this research is of secondary data obtained from the site and www.idx.co.id www.sahamok.com. This research was conducted on 3 cigarette company that the listing and 3 delisting companies in Indonesia stock exchange in 2009 to 2013 .Event of bankruptcy in the capital market indicated by then wiped clean company shares (delisting of Indonesia stock exchange, so this study is consistent with the performance of altman compare companies still insolvent, with a company that has been declared bankrupt. To companies had one listing companies that fall into the category of cartilage that happened in the year 2012 , and then included in the category of bankrupt the year 2013 , while the two other companies always included in the category of healthy for five years successive also .Delisting company which is made up of 3 showing firm , 1 that there is a company that once included in the category of prone to during the 2 years successive also , while three years other analysis included in the category of bankrupt .Two other firms different because always included in the category of insolvent for five years the analysis. This indicates that the accuracy of a method of altman (Z-score) is height .