Main Article Content

Abstract

This study aims to find out and analyze the health condition of the company based on the magnitude of the predicted value using financial ratios in the Springate model. The research method used is descriptive analysis method with a quantitative approach. The research population is all companies listed in Jakarta Islamic Index (JII), amounting to 30 companies, using purposive sampling. The analysis technique used is the analysis of financial statements with the Springate model (S-Score) which aims to find out companies that experience financial distress and bankruptcy. The results showed that there were several companies in 2013 and 2014 that experienced bankruptcy, namely 16.67%, then increased to 26.67% in 2016, and the most significant occurred in 2015 and 2017, namely 30.00%.

Keywords

Springate model (S-Score), financial distress and bankruptcy

Article Details

How to Cite
Anggara, W. (2019). KAJIAN MODEL SPRINGATE PADA KELOMPOK SAHAM JAKARTA ISLAMIC INDEX PERIODE 2013 – 2017. Al - Muamalat, 4(I), 25-39. https://doi.org/10.32505/muamalat.v4i01.953

References

  1. Abdullah, Thamrin dan Francis Tantri, Bank dan LembagaKeuangan, Jakarta : Rajawali Pers, 2013
  2. Ary, Monica Rahardian H, Studi Potensi Kebangkrutan PerusahaanPublik di Indonesia,Tesis, Semarang : Pascasarjana Universitas Diponegoro, 2004
  3. Hanafi, Mamduh M. dan Abdul Halim, Analisa Laporan Keuangan, (Yogyakarta: UUP AMP
  4. YKPN, 2005)
  5. _______________, Manajemen Keuangan, (Yogyakarta : BPFE, 2004)
  6. Huda, Nurul dan Mustafa Edwin Nasution, Investasi Pada PasarModal Syariah, Edisi Revisi, Jakarta : Kencana, 2008
  7. Husein, M. Fakhri dan Galuh Tri Pambekti, “Precision of the Models of Altman, Springate, Zmijewski and Grover for Predicting the Financial Distress”, Journal of Economics, Business and Accountancy Ventura, Vol. 1, No. 3, 2014
  8. Kasmir, Analisis Laporan Keuangan, Jakarta : Rajawali Pers, 2009
  9. Munawir, S., Analisa Laporan Keuangan, Yogyakarta : Liberty Yogyakarta, 2004
  10. Najmudin, Manajemen Keuangan dan Aktualisasi Syariah Modern, Yogyakarta: Andi Offset, (tanpa tahun)
  11. Nikmah dan Dinna Dwi Sulestari, “Prediksi Financial Distress Untuk perusahaan Besar Dan Kecil di Indonesia Perbandingan Ohlson Dan Altman”, Jurnal Fairness, Volume 4, Nomor 1, 2014
  12. PT. Bank Muamalat Indonesia Tbk, Annual Report 2017, “Industry Review: Management Discussion and Analysis”, Diakses melalui http://www.bankmuamalat.com, pada 17 Januari2018, pukul 09.07 Wib
  13. Safri, Sofyan, Akuntansi Islam, Jakarta : Bumi Aksara, 2004
  14. Shahdoust, Hanieh, Mohammad Reza Karimi Pouya dan Bahzed Parvizi, “A Study of Brankrupcy of Altman Adjusted and Zavgren Models in Firms Accepted in Tehran Stock Exchange (Based on Altman Adjusted Model by Kordestani and Colleagues)”, World Essays Journal, 3 (2), 2015
  15. Shaukat, Arzish dan Hinas Affandi, “Impact Of Financial Distress On Financial Performance a Study Related to Pakistan Corporate Sector”, International Journal of Curret Research, Vol. 7, Issue, 02, 2015
  16. Syahathah, Husein, Pokok – pokok Akuntansi Islam, Jakarta : Akbar, 2001
  17. Yasser, Qaiser Rafique dan Abdullah Al Mamun, “Corporate Failure of Public listed Companies in Malaysia”, Europen Researcher, Vol. 91, No. 2, 2015