Abstract
The business environment in the retail experience turbulence, strong now many companies to reduce the impact outlets greater losses. Reduction in earnings a problem most of all , and this has potential in bankruptcy retail company in the future This research is analyzing about retail companies affected by the deterioration in performance that has been registered in Indonesia Stock Exchange. Model and data processing used to calculate potential harm is a model altman z score and models springate. Discussion result there is a retail companies go public has the potential to be the calculated use bankruptcy model altman z score as well as a model springate namely pt modern. international. Information , proceedings in potential for bankruptcy at annual report is not disclosure , was recommended to the stakeholders to oblige any new issuers give this information in the annual financial report made that release every year. To be accurate information and credible over the companies condition the truth.
Highlights
By the end of the third quarter of 2008, the intensity of the crisis grew with the collapse of the largest US investment bank Lehman Brothers, which was followed by increasingly severe financial difficulties in a number of large-scale financial institutions in the United States, Europe and Japan
Reduction in earnings a problem most of all, and this has potential in bankruptcy retail company in the future This research is analyzing about retail companies affected by the deterioration in performance that has been registered in Indonesia Stock Exchange
The data is in the form of Go Public Retail Company financial reports obtained through the website from www.IDX.co.id or the Indonesia Stock Exchange and has been audited by the public accountant
Summary
By the end of the third quarter of 2008, the intensity of the crisis grew with the collapse of the largest US investment bank Lehman Brothers, which was followed by increasingly severe financial difficulties in a number of large-scale financial institutions in the United States, Europe and Japan. The global financial crisis has affected the Indonesian economy as reflected by the turmoil in the Capital Market and Money Market (BI, 2009). For measuring the financial health of a business firm with Altman’s Z-score to predict possibilities of bankruptcy. Altman (1968) defines five predicted factors that can be used to test the validity of Multivariate model. Using financial ratios to predict bankruptcy can be accurate up to 90% (Chen & Shimerda, 1981). Any several other models have been introduced to predict bankruptcy such as Springate (1978); Ohlson (1980); Zmijewski (1983); and Grover and Lavin (2001). These models have different levels of accuracy based on their measurements used (Purnajaya and Merkusiwati, 2014)
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