Erina, Erinna (2019) Analysis of financial distress using altman z-score model and the implication towards distresses stock return for the company that listed in indonesia stock exchange. Bachelor thesis, Universitas Pelita Harapan.
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Abstract
This research aims to examine and analyze the effect of Altman Z-Score as a bankruptcy prediction tool and its implication toward distress stock return of the companies listed in Indonesia Stock Exchange. The object of this research is the companies listed in the Indonesia Stock Exchange during 2015 – 2017. The research is a descriptive quantitative approach by using bankruptcy ratio from Altman Z-Score and distressed stock return from IDX. This research are using purposive sampling method. The method of analysis used in this study is simple linear regression using SPSS 25. This research will focus on Altman Z-Score bankrtupcy’s calculation and distressed stock return which has a consecutively negative stock return. The result of this study shows that a distressed stock return with negative stock return consecutively for three years period has Altman Z-Score indicating the company are in grey area zone or bankruptcy category. Hence, this result indicated that Altman Z-Score has a significant impact towar distressed stock return.
| Item Type: | Thesis (Bachelor) | ||||||||
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| Uncontrolled Keywords: | Financial Statement Analysis, Altman Z-Score, Distressed Stock Return, Financial Distress, Bankruptcy | ||||||||
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting | ||||||||
| Divisions: | University Subject > Current > Faculty/School - UPH Medan > Business School > Accounting Current > Faculty/School - UPH Medan > Business School > Accounting |
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| Depositing User: | Debora Sitepu | ||||||||
| Date Deposited: | 22 Jun 2021 08:11 | ||||||||
| Last Modified: | 13 Jan 2022 03:52 | ||||||||
| URI: | http://repository.uph.edu/id/eprint/35380 |
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