Title:
BANGKRUPTCY POTENTIAL USING THE LOGIT PANEL ANALYSYS AND THE ALTMAN Z-SCORE DISCRIMINATION METHOD (CASE STUDY OF BNI, BRI AND MANDIRI (PERSERO)TBK 2016-2018 PERIOD)

Authors:
Mukminati, Indonesia

Abstract:

This research was conducted to determine the potential bangkruptcy of the three largest banks in Indonesia over the past three years, namely 2016 – 2018 with using two methods, namely the Zmijweski Panel Logit method and the Altman Z-Score method. This study uses secondary data in the form of data from financial statements which obtained from www.go.id and wwwBankindonesia.go.id. The results showed that the three red-listed banks (BRI, BNI and Mandiri Bank) in Indonesia showed the potential bangkruptcy. From the Zmijweski method it is seen that the average obtained by BRI with the most potential to go bankrupt, with an average value over a period of three years amounting to 0.405, after that Mandiri Bank with a value of 0.316, and then BNI with an average number over the past three years is 0.276. Whereas from the Altman Z-Score method wich has the highest bankruptcy potential is Mandiri Bank with an average value over the last three years is 0.4077, then BNI with an average value of 0.575, and BRI with an average value in the last three years is 0.807.