Financial Distress Analysis as Early Warning System on Halal Tourism Industries: Case Study during Covid-19 Pandemic Era

Nindy Akbar Lintang Puspita; Galuh Tri Pambekti; Kharisa Rachmi Khoirunisa

doi:10.24260/aktiva.v2i2.2204

Nindy Akbar Lintang Puspita UIN Sunan Kalijaga
Galuh Tri Pambekti UIN Sunan Kalijaga
Kharisa Rachmi Khoirunisa UIN Sunan Kalijaga

DOI: https://doi.org/10.24260/aktiva.v2i2.2204

Keywords: Financial Distress, Altman, Zmijewski, Springate, Kesulitan Keuangan, Covid-19

Abstract

Purpose: To know whether there is a difference in the level of accuracy between the Altman, Zmijewski, and Springate models in analyzing financial distress in halal tourism industries during the COVID-19 pandemic.
Design / methodology / approach: A quantitative method with a comparative descriptive approach.
Research Findings: There are different levels of accuracy that prove that there is a difference in the level of accuracy between the Altman, Zmijewski and Springate models in analyzing financial distress tourism industries during the COVID-19 pandemic.
Contribution / Originality / Novelty: It can practically assist company management in understanding financial distress analysis and help investors, both individual and institutional investors, to see the potential for company bankruptcy as a consideration in investing.

Tujuan Penelitian: Untuk mengetahui apakah terdapat perbedaan tingkat akurasi antara model Altman, Zmijewski, dan Springate dalam menganalisis financial distress pada industri pariwisata halal pada masa pandemi COVID-19.
Desain / metodologi / pendekatan: Metode kuantitatif dengan pendekatan deskriptif komparatif.
Temuan Penelitian: terdapat perbedaan tingkat akurasi membuktikan bahwa terdapat perbedaan tingkat akurasi antara model Altman, Zmijewski dan Springate dalam menganalisis industri pariwisata financial distress pada masa pandemi COVID-19.
Kontribusi / Orisinalitas / Kebaruan: Secara praktis dapat membantu manajemen perusahaan dalam memahami analisis kesulitan keuangan dan membantu investor, baik investor individu maupun institusi, untuk melihat potensi kebangkrutan perusahaan sebagai pertimbangan dalam berinvestasi.

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