English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

The deceleration of Indonesian economics growth seen by the slowdown of GDP’s growth has brought a lot of impact in various sector of Industry. One of them are manufacturing Industry, particulary in Textile and Garment industry. It can be seen from the decline of manufacturing company’s growth which reached -1,98% in the second quarter of 2015, and also the decline of the textile products export trend, as well as a number of textile and garment companies which went bankrupt. Those condition which affect textile and garment companies are the symptomps of impending Financial Distress which is the beginning of Bankruptcy. Bankruptcy can be early predicted by various methods, one of them is Ohlson Score (1980). Besides bankruptcy prediction, another important thing which should be known is investor welfare, which is reflected from stock return. This is the main question of the research, that is how far could Ohlson Score influences stock return. The statistical analysis techniques used are panel data regression method, and Mann Whitney test. This study consists of 7 companies. The result shows that there is a negative influence between ohlson score towards stock return, but not significantly. Keyword: Financial Distress, Bankruptcy, Ohlson Score, Stock Return

international journal of science and research

The Effect of Bankruptcy Prediction Using Ohlson Score Model Towards Stock Returns (Study in Textile and Garment Company Listed in IDX For Year 2010-2014)