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Bankruptcy Prediction: SMEs Case Study in Pontianak, Indonesia

Umiaty Hamzani ()
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Umiaty Hamzani: Universitas Tanjungpura, Jl. Prof. Dr. H. Hadari Nawawi, 78124, Pontianak, Indonesia. Author-2-Name: Dinarjad Achmad Author-2-Workplace-Name: Universitas Tanjungpura, Jl. Prof. Dr. H. Hadari Nawawi, 78124, Pontianak, Indonesia

GATR Journals from Global Academy of Training and Research (GATR) Enterprise

Abstract: Objective – This study aims to examine the risk of bankruptcy among SMEs to determine whether there are any significant differences in the financial performance between SMEs that apply accounting standard and those that do not. Methodology/Technique – This research uses a case study method to examine SMEs in the business incubator under the auspices of the Bank Indonesia in Pontianak. Descriptive analysis and independent sample tests are also used in this study. Findings – The results show that neither of the SME groups are predicted bankrupt under the financial distress model. Furthermore, the independent sample tests show that, if using a significance level of 5%, there is no difference in the financial performance of both groups. However, if using a significance level of 10%, there is a significant difference in both groups

Keywords: Financial Distress Model; Financial Ratios; Financial Statements; Going Concern Accounting Principle; SAK ETAP; SMES. (search for similar items in EconPapers)
JEL-codes: G32 G33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc, nep-cfn and nep-sea
Date: 2018-02-21
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Published in Accounting and Finance Review, Volume 3, Issue 1

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