ANALYSIS OF FINANCIAL DISTRESS OF TELECOMMUNICATION COMPANIES (2014-2018) IN INDONESIA USING ALTMAN, SPRINGATE, ZMIJEWSKI AND GROVER MODEL

Prastyowati A, Janet (2021) ANALYSIS OF FINANCIAL DISTRESS OF TELECOMMUNICATION COMPANIES (2014-2018) IN INDONESIA USING ALTMAN, SPRINGATE, ZMIJEWSKI AND GROVER MODEL. S1 thesis, UNIVERSITAS ATMA JAYA YOGYAKARTA.

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Abstract

This research was conducted with the aim to measure financial distress in Indonesia telecommunication company and analyze the best method to measure financial distress in telecommunication company using Altman ZScores, Springate Model, Zmijewski Model and Grover Model. To analyze financial distress, this research uses Altman Z-Scores, Springate Model, Zmijewski Model and Grover Model. To analyze the best financial distress prediction model, this research uses accuracy rate model. The type of data used in this research is secondary data taken from Indonesia Stock Exchange and company’s official website. The sample used in this research are 4 telecommunication companies in Indonesia. The result based on Altman, Springate, Zmijewski and Grover mode is company experience financial distress because current liabilities are greater than current assets. Accuracy test results shows that Zmijewski model is the most accurate model because its score is the highest.

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