Analysis Of Indonesia’s Islamic Banking Bankruptcy Prediction For Period 2014-2016

Si., Dr. Anton Bawono, S.E.,M. (2019) Analysis Of Indonesia’s Islamic Banking Bankruptcy Prediction For Period 2014-2016.

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Abstract

This research is motivated by market share of Syariah Bank (BUS) in Indonesia which is under 5% so that chance to go bankrupt. To minimize bankruptcy, the company’s performance is assessed through the financial ratios of Working Capital to Total Assets (WCTA), Earnings Before Interest and Tax to Total Assets (EBITTA), Retained Earnings to Total Assets (RETA) and Book Value of Equity to Book Value of Total Debt (BVEBVTD). The purpose of research to determine the effect of financial ratios on predicted bankruptcy bank and significance Altman Z-Score model. Data collection through indirect observation of quarterly report period 2014- 2016 at 11 BUS. Analytical techniques such as stationary test, regression, classical assumption and Multiple Discriminant Analysis and factor analysis. The result of research is WCTA, EBITTA and BVEBVTD variables have positive and significant influence on bankruptcy prediction, while RETA variable has negative and significant effect. Of the four independent variables only WCTA and BVEBVTD variables can predict bankruptcy of BUS with 98.2% accuracy.

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