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Analysis of Financial Distress Differences in Hospitals Listed on IDX Pre and Post COVID-19 Pandemic

Year: 2025

Type: article

Abstract: The COVID-19 pandemic affected hospitals by reducing inpatient and outpatient volumes while increasing operational costs. This study analyzes financial distress differences in six private hospitals listed on the Indonesia Stock Exchange using the Altman Z”-Score and Springate models. A quantitative comparative method with purposive sampling was applied, using secondary data from 2018–2022, analyzed with the Paired Sample T-Test. Results show no significant differences in financial distress before and after COVID-19 (Altman Sig. 0.415; Springate Sig. 0.128). All hospitals remained in the safe zone, indicating financial stability throughout the pandemic.

Source: Jurnal Akuntansi dan Bisnis

DOI: 10.51903/jiab.v5i1.886

Authors: Agum Patriotama, Tri Bodroastuti, Wenny Ana Adnanti

Institution: Sekolah Tinggi Ilmu Ekonomi Widya Manggala

Language: English

Topic: Financial Distress and Bankruptcy Prediction

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Good health and well-being

Open Access status: diamond

OpenAlex ID: W4410924243

FWCI:

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