ESTIMASI KEMUNGKINAN PAILITNYA PERUSAHAAN PUBLIK DENGAN MENGGUNAKAN INFORMASI AKUNTANSI (STUDI KASUS PADA PERUSAHAAN MANUFAKTUR SEKTOR BARANG KEBUTUHAN KONSUMEN)

• Main Author: Sakti Sulendrakusuma, Panutan
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/4819
• Institution: Institut Teknologi Bandung

<b>Abstract:<p align=\"justify\"><br /> The economy crisis that happened since July 1997 had negative effect for the continuing operation of Indonesian companies. The most significant effect was that many companies fall in to financial distress situation. This study was aim to identify financial ratios that useful for estimating an Indonesian company bankruptcy. Beside of that, this study wanted to know whether macro economy condition had influence to the probability of bankruptcy and whether any difference of financial ratios combination that useful for estimating bankruptcy before and after economy crisis.<p align=\"justify\"> <br /> Data was taken from financial statements that had audited and published to the public for the 1996 and 1997 periods. Sample of the study was 20 manufacturing companies for consumer goods that had go public and listed in the Jakarta Stock Exchange. Stepwise selection method in multiple regression analysis was employed to choose the best combination of financial ratios in the model. F and t tests were used to test the hypotheses.<p align=\"justify\"> <br /> The study results indicate those financial ratios to be useful for estimating a company bankruptcy were: earnings before taxes to sales, current assets to total liabilities, current assets to total assets, and net worth to fixed assets. Other results were that macro economy conditions were not significant influence to the probability of a company bankruptcy and there was difference in the best financial ratio combination to be useful in estimating a company bankruptcy before and after economy crisis.