PREDIKSI KEBANGKRUTAN BANK UNTUK MENGHADAPI DAN MENGELOLA PERUBAHAN LINGKUNGAN BISNIS: ANALISIS MODEL ALTMAN’S Z-SCORE

Abstract

The purpose of the present study is to predict bank bankruptcy using three samples of Islamic bank, that is Bank Muamalat Indonesia, Bank Syariah Mandiri and Bank Mega Syariah Indonesia. This study applies Altman’s Z-Score Model during period 2005-2007 and the result shows that all Islamic banks in the sample are predicted will be bankrupt. With some of weaknesses of Altman’s Z-Score model, this study carries implication for management bank for improving the financial performance for the future to avoid opportunity bankruptcy prediction