Bankruptcy Risk Analysis in Manufacturing Companies in Indonesia using the Conan & Holder Model, J-UK Model, and Taffler Model

Abstract

This study aims to analyze the bankruptcy risk of manufacturing companies in Indonesia using three different bankruptcy prediction models: the Conan & Holder Model, the J-UK Model, and the Taffler Model. To predict the bankruptcy risk with each model, historical financial data from several manufacturing companies listed with the Financial Services Authority (OJK) is used. This research concludes that the combination of these three models provides valuable insights in efforts to enhance the resilience and stability of the manufacturing sector in Indonesia by offering a more comprehensive approach to identifying and managing bankruptcy risks in manufacturing companies. This research is expected to contribute to the development of more effective risk management strategies for the manufacturing industry in Indonesia.