Comparative Analysis of Bankruption Prediction Models in Property and Real Estate Sector Companies Listed on the IDX 2017-2019

Fika Andriani, Pardomuan Sihombing
2021 European Journal of Business Management and Research  
This study takes the topic of comparative analysis of bankruptcy prediction models in the Property and Real Estate Sector companies listed on the IDX in 2017-2019. In this case, the test was conducted to compare the accuracy between the Altman Z-Score, Springate S-Score and Zmijewski X-Score models in predicting the bankruptcy of property and real estate companies. The sample consisted of 20 companies after the sample selection was carried out using purposive sampling technique. To obtain the
more » ... ght level of accuracy, a comparison of the distress or non-distress score categories of each bankruptcy model with the earnings per share (EPS) value of each company was carried out through a dummy variable. Through this test, it is known that the Zmijewski X-Score model is the most accurate model in predicting bankruptcy in the property and real estate sectors listed on the Indonesia Stock Exchange (IDX) by 90%.
doi:10.24018/ejbmr.2021.6.1.730 fatcat:hzfw4u3ghzbwhbalvy4v4icdni