Model Analisis Camel untuk Memprediksi Gejala Financial Distress pada Sektor Perbankan yang Go Public

This study aims to determine whether the CAMEL ratios can be used to show symptoms of financial distress the banks listed on the Indonesia Stock Exchange in 2007-2009. Independent variables used in this study is adquate capital ratio (CAR), loan to deposit ratio (LDR), net interest margin (NIM), non-performing loans (NPLs), return on equity (ROE) and return on assets (ROA) and the dependent variable in this research is financial distress by using the Altman Z-score measurements. The population used in this study is the banks listed on the Stock Exchange in 2007-2009 where the total population was used as many as 33 companies and the samples used in this study is 24 companies consisting of 8 non-financial distress companies and 16 companies that the financial distress. Hypothesis testing conducted by the univariate test (to test the differences in financial ratios between health group company) and multivariate testing (to test the predictions of bankruptcy). The results of this study indicate that the CAMEL ratio of companies differ significantly between firms experiencing financial distress and firms that do not experience financial distress .In the multivariate test showed that CAMEL ratios can be used to predict financial distress.