Potensi Kebangkrutan Perbankan Dengan Z-Score Altman Dan Pengaruhnya Terhadap Harga saham (Studi Perbandingan Bank BUMN Dengan Bank Non-BUMN Yang Terdaftar Di Bursa Efek Indonesia)

Norman Suharto, . (2015) Potensi Kebangkrutan Perbankan Dengan Z-Score Altman Dan Pengaruhnya Terhadap Harga saham (Studi Perbandingan Bank BUMN Dengan Bank Non-BUMN Yang Terdaftar Di Bursa Efek Indonesia). Jurnal Ilmiah Akuntansi Universitas Pamulang, 3 (1). pp. 623-644. ISSN 2339-0867

[img] Text
Jurnal Ilmiah Akuntansi SI. Vol.3 No. 1 Januari 2015.pdf - Published Version
Restricted to Repository staff only

Download (649kB)

Abstract

The objective of this study are to analyze the conventional banks’ status which have, at least, 3 years of financial report registered at Indonesia Stock Exchange (IDX), are they in the “healthy” status, potentially bankrupt, or in the gray area; to analyze the difference of bank health status between the state-owned (governmental) banks and non-state-owned (non-governmental) banks; and to analyze the impact of Z-ScoreAltman variable and the trading volume of stock prices variable. This study used quantitative method. The population of this study was the conventional banks registered at Indonesia Stock Exchange which have at least 3 years of financial report (2011, 2012, 2013). The data used was secondary data, which is available at IDX. While the bankruptcy data analysis used the Z-Score from Altman, and then the results were regressed with stock prices. The result of this study showed that from 33 conventional banks registered at Indonesia Stock Exchange (IDX) in 3 consecutive years of study (2011, 2012, 2013), 91.82% of them were in the “unhealthy” status (bankrupt and in the grey area), and there were only 8.08% of them classified into the “healthy” status. But from all the seven banks which were in the “healthy” status, none of them was in the “healthy status” for 3 consecutive years. Regarding the comparison between governmental and non-governmental banks, from the bankrupt status, the non-governmental banks experienced worse than the governmental banks (52% of them were in the bankrupt status). While the impact of R squared Z-Score towards the stock price was 0.46 (46%). It means that the contribution of Z-Score impact towards the stock price is 46%. That also means that the remaining contribution of impact towards the stock price (100%-46%=54%) is influenced by other variables which are not involved in this study model. Keywords: collapse, bankrupt. Z-Score, Altman, stock price, bank, Indonesia Stock Exchange (IDX)

Item Type: Article
Subjects: H Social Sciences > HC Economic History and Conditions
Depositing User: Admin Perpustakaan UNPAM
Date Deposited: 22 Dec 2015 04:27
Last Modified: 22 Dec 2015 04:27
URI: http://eprints.unpam.ac.id/id/eprint/948

Actions (login required)

View Item View Item