How to cite this paper
Marsenne, M., Ismail, T., Taqi, M & Hanifah, I. (2024). Financial distress predictions with Altman, Springate, Zmijewski, Taffler and Grover models.Decision Science Letters , 13(1), 181-190.
Refrences
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Avenhuis, J. O. (2013). Testing the generalizability of the bankruptcy prediction models of Altman, Ohlson and Zmijewski for Dutch listed and large non-listed firms. Journal of Business Administration, Publisher: University of Twente, 38–39. https://purl.utwente.nl/essays/64326
Bahri, S. (2015). Bankruptcy Prediction Analysis for Companies Delisted on the Indonesian Stock Exchange. JurnalIlmu dan Riset Manajemen, 4(April), 3.
Bilondatu, D. N., Dungga, M. F., & Selvi, S. (2019). Analysis of the Altman Z-Score, Springate, and Zmijewski Models as Methods for Predicting Bankruptcy Conditions at PT Garuda Indonesia, TbkPeriode 2014-2018. JAMIN :JurnalAplikasiManajemen dan InovasiBisnis, 2(1), 40. https://doi.org/10.47201/jamin.v2i1.35
Embu, W. S. (2018). Garuda Indonesia still made losses throughout 2017. www.merdeka.com, hal. https://www.merdeka.com/uang/garuda-indonesia-masih-merugi-sepanjang-tahun-2017.html
Fitriyah, N. (2020). Financial Distress Analysis Using the Altman Z-score, Springate, Grover, and Garuda Indonesia Methods. (2022). Revitalises Armada. https://www.garuda-indonesia.com/id/id/garuda- indonesia-experience/fleets/fleet-revitalization
Korry, I. K. T. S., Dewi, M. P., & Ningsih, N. L. A. . (2019). Bankruptcy Prediction Analysis Based on the Altman Z-Score Method (Case Study of State-Owned Banks Listed on the IDX), 24(2), 191–200.
Martini, R., Omega, B., & Faridah. (2020). Analysis of Financial Distress at PT Pos Indonesia (Persero). Jurnal Riset Terapan Akuntansi, 4(2), 169.
Martini, R., Rachma Sari, K., Ardiani, S., & Gumayu, R. (2015). Bankruptcy Prediction Analysis of the Altman Z-Score Model in Telecommunication Companies, 4th National Vocational Accounting Symposium, Manado, 28-30 Mei 2015.
Permana, R., Ahmar, N., &Djaddang, S. (2017). Prediction of Financial Distress in Manufacturing Companies on the Indonesian Stock Exchange.Bisnis dan Manajemen, 7(2), 150. https://doi.org/10.15408/ess.v7i2.4797
Peter, & Yoseph. (2011). Bankruptcy Analysis Using the Altman, Springate and Zmijewski Z-Score Method at Pt. Indofood Sukses Makmur Tbk Period 2005 – 2009. ilmiahakuntansi.https://www.neliti.com/publications/220173/analisis-kebangkrutan-dengan-metode-z-score-altman-springate-dan-zmijewski-pada
Pratiwi, Y. R. (2022). Indonesian Economic Recovery After Contraction Due to the Covid-19 Pandemic. Retrieved July 25, 2022, from Indonesia's Economic Recovery After Contraction Due to the Covid-19 Pandemic. https://www.djkn.kemenkeu.go.id/kpknl-banjarmasin/baca-artikel/14769/Pemulihan-Perekonomian-Indonesia-Setelah-Kontraksi-Akibat-Pandemi-Covid-19.html
Purnajaya, K. D. M., &Merkusiwati, N. K. L. A. (2014). Comparative Analysis of Bankruptcy Potential Using the Altman, Springate, and Zmijewski Z-Score Methods in the Cosmetics Industry Listed on the Indonesian Stock Exchange.EJurnal Akuntansi, 7(1), 48–63.
Putra, D. A. (2020). BPS data: Number of Airplane Passengers Dropped by 90 Percent in May 2020. https://www.merdeka.com/uang/data-bps-jumlah-penumpang-pesawat-anjlok- hingga-90-persen-di-mei-2020.html
Rahayu, A. (2017). Financial Distress Analysis to Detect Potential Bankruptcy Using the Altman (Z-Score), Springate (S-Score), and Zmijewski (X-Score) Models at Pt Kertas Basuki Rachmat Indonesia Tbk. Sriwijaya State Polytechnic.http://eprints.polsri.ac.id/4824/
Rahma, A. (2020). Garuda Indonesia Losses IDR 15.3 Trillion in Quarter III-2020. https://www.merdeka.com/uang/garuda-indonesia-rugi-rp153-triliun-di-kuartal-iii-2020.html
Ramalan, S. (2021). Revealing the Facts about the 4 Main Reasons that Garuda Indonesia is on the Verge of Bankruptcy. https://ekbis.sindonews.com/read/446452/34/menguak-fakta-4-penyebab-utama-garuda-indonesia-di-ambang-kebangkrutan-1622808394/5
Rudianto. (2013). Management Accounting: Information for Erlangga, Strategic Decisions. Jakarta: Erlangga.
Sari, A. K. (2016). Analysis of Financial Distress in Indonesian Stock Exchange Companies. Scientific Journal of Research Science, 2(2), 67–82.
Sugianto, D. (2018). Garuda's losses fell 58% to IDR 1.67 T in Semester I-2018. detikFinance. Retrieved from https://finance.detik.com/bursa-dan-valas/d-4141241/rugi-garuda-turun-58-jadi- rp-167-t-di-semester-i-2018
Sugiyono. (2015). Quantitative, Qualitative, and R&D Research Methods. Bandung: Alphabeta. Sulistyowati, N. W. (2015). Financial Report Analysis as a Tool for Assessing Financial Performance PT Pelabuhan Indonesia III Surabaya. Assets: Journal of Accounting and Education, 4(2), 125. https://doi.org/10.25273/jap.v4i2.681
Tambunan, R. W., Dwiatmanto, & Endang N. P, M. G. W. (2015). Analysis of Company Bankruptcy Predictions Using the Altman Method (Z-Score) (Study of the Listed Cigarette Subsector and Delisted Companies on the Indonesian Stock Exchange 2009-2013). Journal of Business Administration, 2(1), 1–11.
Tambunan, R. W., Dwiatmanto, & Wi Endang N. P, M. G. (2019). Analysis of Company Bankruptcy Predictions Using the Altman (Z-Score) Method (Study of the Listed Cigarette Subsector and Delisted Companies on the Indonesian Stock Exchange 2009-2013. Angew and teChemie International Edition, 6(11), 951–952.
Wangswinangun, R. (2014). Determination of Optimal Capital Structure in Efforts to Increase Company Value (Study of PT. Astra International, Tbk and Subsidiaries 2008-2012). Brawijaya University Undergraduate Business Administration Journal, 9(2), 3.
Widyastuti, R. A. Y. (2020). Garuda Indonesia Explains Reasons for Losses of IDR 15.2 Trillion in Quarter III-2020. Retrieved from https://bisnis.tempo.co/read/1403116/garuda-indonesia-beberkan-sebab-besar-rp-152-triliun-di-kuartal-iii-2020/full&view=ok
YunaWinaya, G., Rm, K. M., Ayu, G., Budiasih, N., Dewa, I., &Wiratmaja, N. (2020). Analysis of Altman Z-Score and Zmijewski Bankruptcy Prediction in Telecommunication Sub-Sectors Registered in Indonesia Stock Exchange in 2016-2018. American Journal of Humanities and Social Sciences Research, 4(1), 313.
Avenhuis, J. O. (2013). Testing the generalizability of the bankruptcy prediction models of Altman, Ohlson and Zmijewski for Dutch listed and large non-listed firms. Journal of Business Administration, Publisher: University of Twente, 38–39. https://purl.utwente.nl/essays/64326
Bahri, S. (2015). Bankruptcy Prediction Analysis for Companies Delisted on the Indonesian Stock Exchange. JurnalIlmu dan Riset Manajemen, 4(April), 3.
Bilondatu, D. N., Dungga, M. F., & Selvi, S. (2019). Analysis of the Altman Z-Score, Springate, and Zmijewski Models as Methods for Predicting Bankruptcy Conditions at PT Garuda Indonesia, TbkPeriode 2014-2018. JAMIN :JurnalAplikasiManajemen dan InovasiBisnis, 2(1), 40. https://doi.org/10.47201/jamin.v2i1.35
Embu, W. S. (2018). Garuda Indonesia still made losses throughout 2017. www.merdeka.com, hal. https://www.merdeka.com/uang/garuda-indonesia-masih-merugi-sepanjang-tahun-2017.html
Fitriyah, N. (2020). Financial Distress Analysis Using the Altman Z-score, Springate, Grover, and Garuda Indonesia Methods. (2022). Revitalises Armada. https://www.garuda-indonesia.com/id/id/garuda- indonesia-experience/fleets/fleet-revitalization
Korry, I. K. T. S., Dewi, M. P., & Ningsih, N. L. A. . (2019). Bankruptcy Prediction Analysis Based on the Altman Z-Score Method (Case Study of State-Owned Banks Listed on the IDX), 24(2), 191–200.
Martini, R., Omega, B., & Faridah. (2020). Analysis of Financial Distress at PT Pos Indonesia (Persero). Jurnal Riset Terapan Akuntansi, 4(2), 169.
Martini, R., Rachma Sari, K., Ardiani, S., & Gumayu, R. (2015). Bankruptcy Prediction Analysis of the Altman Z-Score Model in Telecommunication Companies, 4th National Vocational Accounting Symposium, Manado, 28-30 Mei 2015.
Permana, R., Ahmar, N., &Djaddang, S. (2017). Prediction of Financial Distress in Manufacturing Companies on the Indonesian Stock Exchange.Bisnis dan Manajemen, 7(2), 150. https://doi.org/10.15408/ess.v7i2.4797
Peter, & Yoseph. (2011). Bankruptcy Analysis Using the Altman, Springate and Zmijewski Z-Score Method at Pt. Indofood Sukses Makmur Tbk Period 2005 – 2009. ilmiahakuntansi.https://www.neliti.com/publications/220173/analisis-kebangkrutan-dengan-metode-z-score-altman-springate-dan-zmijewski-pada
Pratiwi, Y. R. (2022). Indonesian Economic Recovery After Contraction Due to the Covid-19 Pandemic. Retrieved July 25, 2022, from Indonesia's Economic Recovery After Contraction Due to the Covid-19 Pandemic. https://www.djkn.kemenkeu.go.id/kpknl-banjarmasin/baca-artikel/14769/Pemulihan-Perekonomian-Indonesia-Setelah-Kontraksi-Akibat-Pandemi-Covid-19.html
Purnajaya, K. D. M., &Merkusiwati, N. K. L. A. (2014). Comparative Analysis of Bankruptcy Potential Using the Altman, Springate, and Zmijewski Z-Score Methods in the Cosmetics Industry Listed on the Indonesian Stock Exchange.EJurnal Akuntansi, 7(1), 48–63.
Putra, D. A. (2020). BPS data: Number of Airplane Passengers Dropped by 90 Percent in May 2020. https://www.merdeka.com/uang/data-bps-jumlah-penumpang-pesawat-anjlok- hingga-90-persen-di-mei-2020.html
Rahayu, A. (2017). Financial Distress Analysis to Detect Potential Bankruptcy Using the Altman (Z-Score), Springate (S-Score), and Zmijewski (X-Score) Models at Pt Kertas Basuki Rachmat Indonesia Tbk. Sriwijaya State Polytechnic.http://eprints.polsri.ac.id/4824/
Rahma, A. (2020). Garuda Indonesia Losses IDR 15.3 Trillion in Quarter III-2020. https://www.merdeka.com/uang/garuda-indonesia-rugi-rp153-triliun-di-kuartal-iii-2020.html
Ramalan, S. (2021). Revealing the Facts about the 4 Main Reasons that Garuda Indonesia is on the Verge of Bankruptcy. https://ekbis.sindonews.com/read/446452/34/menguak-fakta-4-penyebab-utama-garuda-indonesia-di-ambang-kebangkrutan-1622808394/5
Rudianto. (2013). Management Accounting: Information for Erlangga, Strategic Decisions. Jakarta: Erlangga.
Sari, A. K. (2016). Analysis of Financial Distress in Indonesian Stock Exchange Companies. Scientific Journal of Research Science, 2(2), 67–82.
Sugianto, D. (2018). Garuda's losses fell 58% to IDR 1.67 T in Semester I-2018. detikFinance. Retrieved from https://finance.detik.com/bursa-dan-valas/d-4141241/rugi-garuda-turun-58-jadi- rp-167-t-di-semester-i-2018
Sugiyono. (2015). Quantitative, Qualitative, and R&D Research Methods. Bandung: Alphabeta. Sulistyowati, N. W. (2015). Financial Report Analysis as a Tool for Assessing Financial Performance PT Pelabuhan Indonesia III Surabaya. Assets: Journal of Accounting and Education, 4(2), 125. https://doi.org/10.25273/jap.v4i2.681
Tambunan, R. W., Dwiatmanto, & Endang N. P, M. G. W. (2015). Analysis of Company Bankruptcy Predictions Using the Altman Method (Z-Score) (Study of the Listed Cigarette Subsector and Delisted Companies on the Indonesian Stock Exchange 2009-2013). Journal of Business Administration, 2(1), 1–11.
Tambunan, R. W., Dwiatmanto, & Wi Endang N. P, M. G. (2019). Analysis of Company Bankruptcy Predictions Using the Altman (Z-Score) Method (Study of the Listed Cigarette Subsector and Delisted Companies on the Indonesian Stock Exchange 2009-2013. Angew and teChemie International Edition, 6(11), 951–952.
Wangswinangun, R. (2014). Determination of Optimal Capital Structure in Efforts to Increase Company Value (Study of PT. Astra International, Tbk and Subsidiaries 2008-2012). Brawijaya University Undergraduate Business Administration Journal, 9(2), 3.
Widyastuti, R. A. Y. (2020). Garuda Indonesia Explains Reasons for Losses of IDR 15.2 Trillion in Quarter III-2020. Retrieved from https://bisnis.tempo.co/read/1403116/garuda-indonesia-beberkan-sebab-besar-rp-152-triliun-di-kuartal-iii-2020/full&view=ok
YunaWinaya, G., Rm, K. M., Ayu, G., Budiasih, N., Dewa, I., &Wiratmaja, N. (2020). Analysis of Altman Z-Score and Zmijewski Bankruptcy Prediction in Telecommunication Sub-Sectors Registered in Indonesia Stock Exchange in 2016-2018. American Journal of Humanities and Social Sciences Research, 4(1), 313.