Prediction Of Financial Distress In Publicly Listed Construction Companies For The Period 2017-2021

Erni Prasetiyani, Endro Andayani

Abstract


Publicly listed state-owned construction companies have received attention from economic experts because their financial performance has decreased drastically and has the potential for financial distress. This is due to the high liabilities borne as an effect of the government's incessant strategic projects in the last 9 years. The methods used to calculate financial distress are Altman’s, Springate's, and Grover's theories. Of these three theories Altman and Springate's stated that BUMN Karya (Construction SOE) has the potential for deep financial distress while Grover's theory, on the contrary, the issuer is not experiencing financial distress. 


Keywords


Government, BUMN Karya, Strategic Projects, Liability, Financial Distress

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References


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