STRATEGIC FINANCIAL REVIEW

ISSN NO : 3064-9064

Strategic Financial Review is dedicated to advancing the understanding of strategic financial management and its role in driving organizational success. Our journal aims to provide a platform for researchers, practitioners, academics, and policymakers to share insights, research findings, and strategies that contribute to informed financial decision-making and sustainable growth.

Submit Your Article Editorial Board
  • 488
    Views
  • 0
    CrossRef citations to date

Financial Distress During The COVID-19 Pandemic: Altman And Springate Model Prediction

1 Master Of Management Program, Universitas Sahid,Indonesia

Volume 1

Issue 1

Page: [21 - 35]

Published Online: February 15, 2024

Download Full Article ()
Creative Commons

  • Abstract

    The Retail Trade Industry Has Experienced A Sharp Decline In Economic Growth During The COVID-19 Pandemic. Regulation Of Social Distancing, Restrictions On Retail Shop Operating Hours, And Disruption Of Online Shopping Behavior Contribute To Worsen The Financial Performance Of Retail Trade Companies.

    Keywords: Financial Distress Altman Model Springate Model

  • Figures

    Figure Image

  • References

      • [1]Amri, M. C., & Ariyani, Y. A. (2021). Empirical Evidence of Financial Distress in Indonesia. Assets: Jurnal Akuntansi dan Pendidikan, 10(2), 165-179. https://doi. org/10.25273/jap.v10i2.8982
      • [2]Barry, H. (2019). Prediksi Model Financial Distress (Kebangkrutan) pada Perusahaan Ritel Bursa Efek dengan Model Altman dan Springate Indonesia Periode 2012-2016. Jurnal Akuntansi Keuangan dan Perbankan, 6(1), 941-947. https://doi.org/10.32722/acc.v6i1.1376
      • [3]Brigham, E. F., & P. R. Daves. (2014). Intermediate Financial Management. Cengage Learning.
      • [4]Deretan Ritel Tumbang di Masa Pandemi, Matahari hingga Centro. Tersedia pada: https://www.cnnindonesia.com/eko nomi/20210324162312-92-621597/ deretan-ritel-tumbang-di-masa-pandemimatahri- hingga-centro
      • [5]Financial Distress: Pengertian dan Cara Mencegahnya https://accurate.id/ ekonomi-keuangan/pengertian-financialdistress/
      • [6]Hery. (2017). Kajian Riset Akuntansi. Jakarta: PT Gramedia.
      • [7]Hutahuruk, M. R., Mansyur, M., Rinaldi, M., & Situru, Y.R. (2021). Financial Distresspada Perusahaan yang Terdaftar di Bursa Efek Indonesia. JPS: Jurnal Perbankan Syariah, 2(2), 237-246. https://doi. org/10.46367/jps.v2i2.381
      • [8]Indonesia Resesi, Ekonomi Indonesia Tumbuh Minus 3,49% Kuartal III 2020 https://databoks.katadata.co.id/ datapublish/2020/11/05/indonesiaresesi- ekonomi-indonesia-tumbuh-minus- 349-kuartal-iii-2020.
      • [9]Kusumawardhani, R. A., & Nugroho, E. S. (2022). Profitabilitas dan Nilai Perusahaan pada Perusahaan Perdagangan Ritel di BEI Tahun 2015- 2019. Journal of Economic, Management, Accounting, and Technology, 5(2), 120- 130.
      • [10]Mamduh, M. H. (2004). Manajemen Keuangan. Edisi 1. Yogyakarta: BPFE.
      • [11]Nilasari, D., & Haryanto, M. (2018). Memprediksi Perusahaan yang Berpotensi Mengalami Masalah Keuangan dengan Model Altman, Springate, dan Zmijewski. Diponegoro Journal of Management, 7(2), 1-11. https://doi.org/10.33747/stiesmg. v10i1.83
      • [12]Platt, H., & Platt, M.B. (2002). Predicting Financial Distress. Journal of Financial Service Professionals, 56, 12-15.
      • [13]Priyanti M. W. A., & Riharjo, I. B. (2019). Analisis Metode Altman Z-Score, Springate, dan Zmijewski untuk Memprediksi Financial Distress. Jurnal Ilmu dan Riset Akuntansi, 8(6), 1-15. https://doi.org/10.22219/jrak.v8i1.28
      • [14]Pustylnick, I. (2012). Restructuring The Financial Characteristics of Prijects in Financial Distress. Global Journal of Business Research, 6(2), 125-134.
      • [15]Rudianto. (2013). Akuntansi Manajemen: Informasi Untuk Pengambilan Keputusan Strategis. Jakarta: Penerbit Erlangga
      • [16]Sinaga, A. S., Cindy, Go, C., & Chandra A. A. (2022). The Impact of Net Profit Margin, Return on Assets, Cash Ratio, and Debt to Equity Ratio on Stock Prices on Telecommunication, Food and Beverages, and Retail Trade Subsector Companies in Indonesia During COVID-19 Pandemic in Bursa Efek Indonesia. Management Studies and Entrepreneurship Journal, 3(2), 413-429
      • [17]Sondakh, C. A., Murni, S., & Mandagie, Y. (2014). Analisis Potensi Kebangkrutan dengan Menggunakan Metode Altman Z-Score, Springate, dan Zmijewski pada Industri Perdagangan Ritel yang Terdaftar di BEI Periode 2009-2013. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 2(4), 364-373.
      • [18]Survei Penjualan Eceran - Desember 2020: https://www.bi.go.id/id/publikasi/ laporan/Pages/SPE-Desember-2020.aspx.
      • [19]Wulandari, E. Y., & Maslichah. (2021). Penggunaan Model Springate, Ohlson, Altman Z-Score, dan Gover Score untuk Memprediksi Financial Distress pada Masa Pandemi Covid-19. Jurnal Ilmiah Riset Akuntansi, 10(5), 90-103.
      • [20]Yusbardini, & Rashid, R. (2019). Prediksi Financial Distress dengan Pendekatan Altman pada Perusahaan Manufaktur di Indonesia. Jurnal Muara Ilmu Ekonomi dan Bisnis, 3(1), 122-129. https://doi.org/10.24912/jmieb.v3i1.3543

  • Article Metrics

    Views

    488

  • Copyright and Permissions

    At Guinness Press, authors retain the copyright for all articles published in our journals. These articles are licensed under the open-access Creative Commons CC BY 4.0 license, granting free access for reading and download. Additionally, the original published version must be appropriately cited when reusing or quoting the article. These terms ensure widespread accessibility while ensuring proper attribution to the authors.

    All content published by Guinness Press is safeguarded by international copyright and intellectual property regulations. We kindly request that you honor these protections when utilizing our materials.

    For further information, please contact us at info@guinnesspress.org.