ANALISIS PREDIKSI KEBANGKRUTAN MENGGUNAKAN MODEL Z-SCORE ALTMAN PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2008-2010

Abstract

The purpose of this study is to predict the possibbility of bankruprtcy using
Altman Z-Score Model in Banking companies listed in Indonesian Stock Exchange since
2008 until 2010.
Ratios that used in this study based on Altman Z-Score Model are working
capital to total asset, net profit before interest and tax to total asset, retained earnings
to total asset, market value to total debt, and total sales to total asset. This study uses
purposive sampling method and 27 companies was chosen as samples.
Using secondary data of banking companies from Indoensian Capital Market
Directory in the periods of 2008 to 2010, the study finds that there is the improvement
of financial condition in banking companies during the observation year. Bank
Eksekutif International Tbk is the company that has the largest possibbility of
bankruptcy than others. This study also finds that the Altman Z-Score can be used to
predict the possibbility of bankruptcy.

Keywords : Bankcrupty Prediction , Banking , Altman Model