Beruflich Dokumente
Kultur Dokumente
ABSTRACT
This study purpose to determine whether there are differences among Altman model,
Springate model, Zmijewski model, and Ohlson model to predict financial distress, and to
find out which the Financial Distress prediction model has the most excellent implementation
on LQ-45 company in Indonesia. Comparison of those four models were made by analyzing
the accuracy of each model in LQ-45 companies. The data used in the form of annual
financial statements published by the company on the Indonesia Stock Exchange website. The
population used is LQ-45 companies period 2013-2014. The sampling technique is purposive
sampling with a total sample obtained by 26 companies. The results from this research
showed that the most accurate model to predict financial distress on LQ-45 companies in
Indonesia is the Zmijewski model.
The 1st International Conference on Economic, Business and Accounting (ICEBA) 2017 73