Bankruptcy Prediction Analysis Using the Grover, Zmijewski, and Springate Models in the Banking Sector Listed on the Indonesia Stock Exchange in 2023 & 2024
DOI:
https://doi.org/10.58258/bisnis.v4i4.9628Keywords:
Financial Distress, Model Grover, Model Zmijewski, Model Springate, Bursa Efek Indonesia.Abstract
This study aims to analyze the accuracy level of bankruptcy prediction models: Grover, Zmijewski, and Springate, within the banking sector listed on the Indonesia Stock Exchange (IDX) during 2023 and 2024. A quantitative method with a descriptive approach was used. The research sample consisted of 60 banking companies with complete financial reports for 2023 and 2024. Data were analyzed using the three bankruptcy prediction models and compared based on their prediction accuracy. The results indicate that the Grover model has the highest accuracy in predicting financial distress, followed by the Zmijewski model, and lastly the Springate model. These findings are expected to assist companies, investors, and other stakeholders in anticipating bankruptcy risk earlier by selecting the most appropriate prediction model.References
Armenda, D., Hertina, D., Kunci, K., & Grover, A. (2023). Analisis financial distress dampak pandemi covid-19 berdasarkan model grover, springate dan zmijewski pada perusahaan tekstil dan garmen.
Dalimunthe, N., & Lubis, N. K. (2023). Peran lembaga perbankan terhadap pembangunan ekonomi.
Fardiman, F., Tanjung, M. A., & Wijayanti, I. (2021). Prediksi Kebangkrutan Taksi Konvensional yang Terdaftar di BEI.
Farha. (2022). Perbandingan Tingkat Keakuratan Model Prediksi Kebangkrutan (Model Altman, Springate, Zmijewski, Grover dan Taffler).
Rahma. (2020). PENGARUH RASIO KEUANGAN TERHADAP KONDISI FINANCIAL DISTRESS.
Robiansyah, A., Yusmaniarti, Sari, I. K., Novrianda, H., & Irwanto, T. (2022). Analisis Perbandingan dalam Memprediksi Kebangkrutan Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2012–2017.
Sakinah, N. N. T., & Muniarty, P. (2021). Analisis Prediksi Kebangkrutan pada PT Smartfren Telecom Tbk.
Sugiyono. (2019). METODE PENELITIAN KUANTITATIF KUALITATIF DAN R&D.
Sugiyono. (2020). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Alfabeta.
Tamara, & Heni. (2025). Analisis Prediksi Kebangkrutan pada Sektor Textile and Garment yang Terdaftar di Bursa Efek Indonesia (BEI) Tahun 2018–2022.
Wulandari, E., & Fauzi, I. (2022). Analisis Perbandingan Kebangkrutan pada Perusahaan Real Estate dan Property di Bursa Efek Indonesia.
Zatira, D., Karim, A., & Hamdani. (2022). Analisis Perbandingan dalam Memprediksi Kebangkrutan Perusahaan Maskapai Penerbangan Indonesia di Masa Pandemi Covid-19.
