ANALISIS POTENSI RISIKO KEBANGKRUTAN DENGAN METODE GROVER PADA PERUSAHAAN SEKTOR PROPERTY YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012-2017

Abstract

The purpose of this research was to analyze the potential risk of a bankruptcy by the method of grover in property sector company. The research method that used in this research is comparative descriptive and verification, the type of panel data (cross section and time series) and secondary data which obtained from Indonesia Stock Exchange. The sampling of the research used purposive sampling method with yearly data from 2012 to 2017 which used to calculate grover model. The result of this research shows that calculation with grover method was able to predict 5 companies that non bankrupt category is less than or equal to -0.02 (G≤-0,02), and bankrupt category is more than or equal to 0.01 (G≥0.01). While the grover method uses the analysis of working capital to total asset ratio, earning before interest and tax and net income to total assets to obtain results, which in the year of 2012, There is one bangkrupt company, namely PT Bakrieland Development. Tbk, in the year 2015, there are 2 (two) the bankrupt companies, namely PT Bakrieland Development Tbk and PT Bukit Darmo Property. And in the year 2016 and 2017, there are 1 company predicted bangkrupt, namely PT Bukit Darmo Property. Therefore, the calculation of the Financial Distress using Grover methods is a method that is very effective is used to predict a company's property sector with the level of accuracy of 53%.