ANALISIS PERBANDINGAN MODEL GROVER, ZMIJEWSKI, DAN SPRINGATE DALAM MEMPREDIKSI FINANCIAL DISTRESS PADA MASA PANDEMI COVID-19 (STUDI KASUS PADA PERUSAHAAN SUB SEKTOR HOTEL, RESTORAN, DAN PARIWISATA YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2020 & 2021)

Abstract

This study aims to determine and analyze whether there are differences in accuracy between the Grover, Zmijewski, and Springate models in predicting financial distress during the Covid-19 pandemic in tourism companies in the hotel, restaurant and tourism sub-sectors listed on the Indonesia Stock Exchange. The sampling technique used purposive sampling and obtained a total of 40 company samples. The type of research used is descriptive quantitative to compare the accuracy of 3 models in predicting financial distress in hotel, restaurant and tourism sub-sector companies. The data analysis used in this research is descriptive analysis and accuracy test. The results of this study indicate that there are differences between the three prediction models. The Zmijewski model has the highest accuracy level of 87.5% with an error I level of 12.5%, second is occupied by the Grover model with an accuracy level of 82.5% with an error I level of 17.5% and the third is the Springate model with the lowest accuracy level of 20% and an error I level of 80%.