{"id":"https://openalex.org/W7204048657","doi":"https://doi.org/10.30738/md.v9i2.19977","title":"ANALISIS ALTMAN Z SCORE UNTUK MEMPREDIKSI FINANCIAL DISTRESS PADA PERUSAHAAN INDUSTRI PULP AND PAPER YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2020-2023","display_name":"ANALISIS ALTMAN Z SCORE UNTUK MEMPREDIKSI FINANCIAL DISTRESS PADA PERUSAHAAN INDUSTRI PULP AND PAPER YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2020-2023","publication_year":2025,"publication_date":"2025-06-29","ids":{"openalex":"https://openalex.org/W7204048657","doi":"https://doi.org/10.30738/md.v9i2.19977"},"language":"en","primary_location":{"id":"doi:10.30738/md.v9i2.19977","doi":"https://doi.org/10.30738/md.v9i2.19977","is_oa":true,"landing_page_url":"https://doi.org/10.30738/md.v9i2.19977","pdf_url":null,"source":{"id":"https://openalex.org/S4210238676","display_name":"MANAJEMEN DEWANTARA","issn_l":"2579-4590","issn":["2579-4590","2579-4612"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315315","host_organization_name":"University of Sarjanawiyata Tamansiswa in Yogyakarta","host_organization_lineage":["https://openalex.org/P4310315315"],"host_organization_lineage_names":["University of Sarjanawiyata Tamansiswa in Yogyakarta"],"type":"journal"},"license":"cc-by-nc-sa","license_id":"https://openalex.org/licenses/cc-by-nc-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"MANAJEMEN DEWANTARA","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.30738/md.v9i2.19977","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5039283635","display_name":"Eka Ermawati","orcid":"https://orcid.org/0000-0003-2532-846X","observed_orcids":["https://orcid.org/0000-0003-2532-846X"]},"institutions":[{"id":"https://openalex.org/I4210130084","display_name":"Universitas Dharmas Indonesia","ror":"https://ror.org/038tggw74","country_code":"ID","type":"education","lineage":["https://openalex.org/I4210130084"]}],"countries":["ID"],"is_corresponding":true,"raw_author_name":"Eka Ermawati","raw_affiliation_strings":["Univeristas Dharmas Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Univeristas Dharmas Indonesia","institution_ids":["https://openalex.org/I4210130084"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5039283635"],"corresponding_institution_ids":["https://openalex.org/I4210130084"],"apc_list":null,"apc_paid":null,"fwci":0.9984,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":{"value":0.69693717,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":91,"max":95},"biblio":{"volume":"9","issue":"1","first_page":"1","last_page":"14"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/3308","display_name":"Law"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/altman-z-score","display_name":"Altman Z-score","score":0.8790000081062317},{"id":"https://openalex.org/keywords/financial-distress-prediction","display_name":"financial distress prediction","score":0.9950000047683716},{"id":"https://openalex.org/keywords/pulp-and-paper-industry","display_name":"paper industry","score":0.9629999995231628},{"id":"https://openalex.org/keywords/indonesia-stock-exchange","display_name":"Indonesia Stock Exchange","score":0.7770000100135803},{"id":"https://openalex.org/keywords/financial-ratios","display_name":"financial ratios","score":0.8880000114440918},{"id":"https://openalex.org/keywords/covid-19-impact-on-business","display_name":"business impact of COVID-19","score":0.7400000095367432},{"id":"https://openalex.org/keywords/corporate-financial-health","display_name":"corporate financial health","score":0.5009999871253967}],"concepts":[{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.8105000257492065},{"id":"https://openalex.org/C100363876","wikidata":"https://www.wikidata.org/wiki/Q690661","display_name":"Nonprobability sampling","level":3,"score":0.6563000082969666},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6281999945640564},{"id":"https://openalex.org/C2984760201","wikidata":"https://www.wikidata.org/wiki/Q1785212","display_name":"Financial distress","level":2,"score":0.5131000280380249},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.47110000252723694},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.44850000739097595},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.4404999911785126},{"id":"https://openalex.org/C98014903","wikidata":"https://www.wikidata.org/wiki/Q832161","display_name":"Financial ratio","level":2,"score":0.41780000925064087},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.36340001225471497},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.35839998722076416},{"id":"https://openalex.org/C2778253041","wikidata":"https://www.wikidata.org/wiki/Q699735","display_name":"Annual report","level":2,"score":0.3465999960899353},{"id":"https://openalex.org/C175700187","wikidata":"https://www.wikidata.org/wiki/Q187939","display_name":"Manufacturing","level":2,"score":0.3336000144481659},{"id":"https://openalex.org/C2781027943","wikidata":"https://www.wikidata.org/wiki/Q192907","display_name":"Financial statement","level":3,"score":0.325300008058548},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.3208000063896179},{"id":"https://openalex.org/C506796395","wikidata":"https://www.wikidata.org/wiki/Q4738155","display_name":"Financial management","level":2,"score":0.3179999887943268},{"id":"https://openalex.org/C2983515908","wikidata":"https://www.wikidata.org/wiki/Q42240","display_name":"Research method","level":2,"score":0.31520000100135803},{"id":"https://openalex.org/C133462117","wikidata":"https://www.wikidata.org/wiki/Q4929239","display_name":"Data collection","level":2,"score":0.30379998683929443},{"id":"https://openalex.org/C504631918","wikidata":"https://www.wikidata.org/wiki/Q152074","display_name":"Bankruptcy","level":2,"score":0.28940001130104065},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.2842000126838684},{"id":"https://openalex.org/C2986226071","wikidata":"https://www.wikidata.org/wiki/Q22687","display_name":"Banking industry","level":2,"score":0.27379998564720154},{"id":"https://openalex.org/C130731218","wikidata":"https://www.wikidata.org/wiki/Q1363554","display_name":"Financial analysis","level":2,"score":0.26570001244544983}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.30738/md.v9i2.19977","doi":"https://doi.org/10.30738/md.v9i2.19977","is_oa":true,"landing_page_url":"https://doi.org/10.30738/md.v9i2.19977","pdf_url":null,"source":{"id":"https://openalex.org/S4210238676","display_name":"MANAJEMEN DEWANTARA","issn_l":"2579-4590","issn":["2579-4590","2579-4612"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315315","host_organization_name":"University of Sarjanawiyata Tamansiswa in Yogyakarta","host_organization_lineage":["https://openalex.org/P4310315315"],"host_organization_lineage_names":["University of Sarjanawiyata Tamansiswa in Yogyakarta"],"type":"journal"},"license":"cc-by-nc-sa","license_id":"https://openalex.org/licenses/cc-by-nc-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"MANAJEMEN DEWANTARA","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.30738/md.v9i2.19977","doi":"https://doi.org/10.30738/md.v9i2.19977","is_oa":true,"landing_page_url":"https://doi.org/10.30738/md.v9i2.19977","pdf_url":null,"source":{"id":"https://openalex.org/S4210238676","display_name":"MANAJEMEN DEWANTARA","issn_l":"2579-4590","issn":["2579-4590","2579-4612"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315315","host_organization_name":"University of Sarjanawiyata Tamansiswa in Yogyakarta","host_organization_lineage":["https://openalex.org/P4310315315"],"host_organization_lineage_names":["University of Sarjanawiyata Tamansiswa in Yogyakarta"],"type":"journal"},"license":"cc-by-nc-sa","license_id":"https://openalex.org/licenses/cc-by-nc-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"MANAJEMEN DEWANTARA","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.5263000130653381,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2614200806","https://openalex.org/W7220884027","https://openalex.org/W2587580973","https://openalex.org/W3001649985","https://openalex.org/W4381838820","https://openalex.org/W2796101385","https://openalex.org/W2498621733","https://openalex.org/W2891644956","https://openalex.org/W7017200161","https://openalex.org/W2767802074"],"abstract_inverted_index":{"This":[0],"research":[1,57,65,111,142,159,207,245,253],"discusses":[2],"Altman":[3,256],"Z":[4,257],"score":[5,258],"analysis":[6,151,226,259],"to":[7,42,48,176,188,195,210,255],"predict":[8],"financial":[9,120,156,178,193,225,262],"distress":[10,263],"in":[11,23,55,63,109,116,140,169,218,260,264,266],"pulp":[12,43,68,228],"and":[13,34,44,50,69,128,146,191,199,214,229,243],"paper":[14,45,70,230],"industry":[15,46,71],"companies":[16,47,72,167,232,265],"listed":[17,73,122,233],"on":[18,74,123,223,234],"the":[19,31,35,75,80,90,100,117,124,129,134,137,149,163,170,183,224,235],"Indonesia":[20,76,125],"Stock":[21,77,126,237],"Exchange":[22,78,127,238],"2020-2023.":[24],"2020-2021":[25],"is":[26,39,58,66,112,143,153,203],"a":[27,40,84,249],"transition":[28],"period":[29,82],"after":[30],"Covid-19":[32],"pandemic":[33],"paperless":[36],"trend":[37],"which":[38],"threat":[41],"grow":[49],"develop.":[51],"The":[52,61,104,158],"method":[53,138],"used":[54,92,108,139,152],"this":[56,64,110,141,206,244],"Quantitative":[59],"Descriptive.":[60],"population":[62],"all":[67],"for":[79,185,251],"2020-2023":[81],"with":[83],"total":[85],"of":[86,106,119,165,227],"9":[87],"companies.":[88],"And":[89],"samples":[91],"were":[93],"7":[94],"company":[95,192,211],"samples.":[96],"sample":[97],"selection":[98],"using":[99],"purposive":[101],"sampling":[102],"method.":[103],"type":[105],"data":[107,130,150],"secondary":[113],"data,":[114],"namely":[115],"form":[118],"reports":[121],"source":[131],"comes":[132],"from":[133],"website":[135],"https://www.idx.co.id/id,":[136],"literature":[144],"study":[145],"documentation,":[147],"while":[148],"analyzing":[154],"five":[155],"ratios.":[157],"results":[160],"show":[161],"that":[162,205],"majority":[164],"industrial":[166,231],"are":[168,174],"risk":[171],"category":[172],"or":[173],"likely":[175],"experience":[177],"distress.":[179],"These":[180],"findings":[181],"indicate":[182],"need":[184],"deeper":[186],"attention":[187],"business":[189],"strategy":[190],"management":[194],"face":[196],"economic":[197],"challenges":[198],"technological":[200],"developments.":[201],"It":[202],"hoped":[204],"can":[208,246],"contribute":[209],"managers,":[212],"investors":[213],"other":[215],"interested":[216],"parties":[217],"making":[219],"better":[220],"decisions":[221],"based":[222],"Indonesian":[236],"carried":[239],"out":[240],"by":[241],"researchers.":[242],"also":[247],"be":[248],"reference":[250],"further":[252],"related":[254],"predicting":[261],"various":[267],"sectors.":[268]},"counts_by_year":[{"year":2026,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2026-08-24T00:00:00"}