Akurasi Model Zmijewski dan Grover dalam Memprediksi Financial Distress (Perusahaan Delisting pada BEI Tahun 2009-2018)

Abstract

This research focuses on determine the suitable models for prediction financial distress in Indonesia. This research uses the Zmijewski model and the Grover model in predicting companies that has been delisted from Indonesia Stock Exchange.This research calculated the accuracy of each models which is Zmijewski model and Grover model and then proved by hypothesis testing. The result of this research show that Zmijewski model and Grover model are not suitable for delisting companies in Indonesia, and the Grover model is no better than the Zmijewski model.