Analisis Penggunaan Model Zmijewski (X-Score) Untuk Memprediksi Kondisi Financial Distress Pada Perusahaan Sektor Properti Dan Real Estate Yang Terdaftar Di Bursa Efek Indonesia (Bei) Periode 2009-2013

• Main Authors: Priyantini, Ayuk (Author), , Zulfa Irawati, S.E., M.Si (Author)
• Format: Book
• Published: 2015.
• Subjects: Thesis; NonPeerReviewed
• Online Access: Connect to this object online
• Notes: https://eprints.ums.ac.id/40279/1/Naskah%20Publikasi.pdf; https://eprints.ums.ac.id/40279/4/HALAMAN%20DEPAN.pdf; https://eprints.ums.ac.id/40279/5/BAB%20I.pdf; https://eprints.ums.ac.id/40279/9/BAB%20II.pdf; https://eprints.ums.ac.id/40279/10/BAB%20III.pdf; https://eprints.ums.ac.id/40279/11/BAB%20IV.pdf; https://eprints.ums.ac.id/40279/16/BAB%20V.pdf; https://eprints.ums.ac.id/40279/17/DAFTAR%20PUSTAKA.pdf; https://eprints.ums.ac.id/40279/21/LAMPIRAN.pdf; https://eprints.ums.ac.id/40279/22/SURAT%20PERNYATAAN%20PUBLIKASI%20KARYA%20ILMIAH.pdf
• Keywords: HB Economic Theory

This research purposes to know the application of Zmijewski Model for predicting company's Financial Distress condition and give the different result in each company and to know the accuracy of this model for predicting company's Financial Distress condition Property and Real Estate sector listed in Indonesia Stock Exchange in 2009-2013 period. The sample consist of 45 Property and Real Estate sector companies which are listed on the Indonesian Stock Exchange in 2009-2013. The sampling technique in this study is purposive sampling and non probability sampling. The method of data analysis is used Zmijewski Model then the accuracy measurement with Type I Error and Type II error. It shows that Zmijewski Model are useful for predicting company's Financial Distress condition and it given the different result for each companies, with the result that 225 companies are predicted exist 2 companies in Financial Distress condition and 223 companies are not in Financial Distress condition. Overall accuracy rate of 99%, 85%, and 99% on the basis of Shareholder's Equity, Net Income and Cash Flows respectively.