Estimasi Probabilitas Default Perusahaan dan Hubungannya Dengan Rasio Keuangan  

Oleh:

Pasaribu, Pananda

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Jurnal Keuangan dan Perbankan: Journal of Finance dan Banking vol. 11 no. 1 (Jun. 2009), page 50-60.
Topik: Default Probabilitas; Probit Model; Financial Ratio; Merton Model

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ12.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Default probability information is very important for investor and creditor. By using Merton's Model the result show some large company have high default probability, especially Bakrie and Brothers subsidiaries. The result panel regression shows that liquidity ratio (cash to current asset ratio) and solvency ratio (debt to asset ratio) are the most important ratio to explain default probability. Profitability ratio (net profit margin ratio) also can be good measure to predict Merton's default probability. This result shows that accounting information is still useful for investor and creditor to predict credit default.

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