MANFAAT LABA DAN ARUS KAS UNTUK MEMPREDIKSI KONDISI FINANCIAL DISTRESS (Studi pada Perusahaan Manufaktur di Bursa Efek Indonesia)

Abstract

This study examined thebenefit of earning and cash flow to predicted financial
distress in Manufacturing Companies Listed On The Stock Exchange (BEI) for cash
flow models during 2010-2012.
The sample of this studied is 60 years-firm of 33 Manufacturing Companies for
earning models and 60 years-firm of 26 Manufacturing Companies Listed On The Stock
Exchange (BEI) for cash flow models during 2010-2012. Data are analyzed using
Multiple Discriminant Analysis (MDA) method.
The results showed that the earnings could better predicted financial distress
condition .but cash flow could not better to predicted financial distress condition with
predicted value 98% at original grouped cases and 94% at cross-validated grouped
cases for earning models and 68,5% at original grouped cases and 68.5% at cross-
validated grouped cases for cash flow models.

Keywords : Earnings, Cash Flow, Financial Distress