ANALISIS PREDIKSI KEBANGKRUTAN DAN HARGA SAHAM PADA PERUSAHAAN PERTAMBANGAN BATU BARA

Augustpaosa Nariman

Abstract


This study aims to examine and analyze the bankruptcy prediction on coal mining company listed on
the Indonesia Stock Exchange. Bankruptcy prediction on coal mining companies using the Altman ZScore to see how big a bankruptcy prediction coal mining company. The data used in this study are
the financial statements of coal mining companies that are in the period 2012-2014 on the Indonesia
Stock Exchange. The analysis technique used is a bankruptcy prediction model Altman Z-Score using
five variables representing liquidity ratios, profitability ratio, and activity ratio. During the
observation period of 2012-2014 shows that the research data as many as 19 coal mining companies
there are in a state of bankruptcy. In 2012 and 2013 there were 31.6% of companies experiencing
bankruptcy prediction, and 26.32% are in the gray area. 2014 showed an increase where there are
42.10% of companies experiencing bankruptcy prediction and 5.26% in the gray area..

Keywords: Altman Z-Score, Predicted Bankruptcy, Stock price


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DOI: http://dx.doi.org/10.21460/jrak.2016.122.235

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