Analysis of Financial Distress Model with Altman, Zmijewski and CA Score in Predicting the Condition of Financial Distress in Manufacturing Public Companies in Indonesia

Riyana Sari (), Mokhamad Anwar and Leni Susanti

Academic Journal of Economic Studies, 2019, vol. 5, issue 1, 114-131

Abstract: The purpose of this paper is to test the accuracy of the prediction model by Altman, Zmijewski, CA Score in predicting the condition of financial distress of manufacturing companies listed on the Indonesia Stock Exchange. The research method used in this research is descriptive and comparative method. The statistical test used in this study is the discriminant method and the Nested Test. The test results show that the CAScore model is more accurate than the discriminant research model for each calculation of accuracy every year and for each model.

Keywords: Altman Score; Zmijewski Score; Financial distress (search for similar items in EconPapers)
JEL-codes: G33 L60 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:khe:scajes:v:5:y:2019:i:1:p:114-131

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