Analyzing Bankruptcy Risk and Economic Correlation in a Re-gional Bank: A Study on Bank Nagari
Abstract
Bankruptcy can cause uncertainty in financial markets and weaken the confidence of economic actors which leads to a slowdown in economic growth. The purpose of this study is to determine the health of regional banking through analysis and in-depth study in the late COVID-19 pandemic and early New Normal periods. The object of research is Bank Nagari. The research method used is a descriptive method sourced from public financial data. The results of this analysis show that Bank Nagari is in a state of bankruptcy. However, Bank Nagari remains in growth and shows an increase in operating profit. The correlation between bankruptcy value and GRDP was also further analyzed. The results show a value of 0.156 which means that the two variables do not have a significant relationship with each other in the period used. Bankruptcy can be one of the components that can affect the economic growth and stability of a country. Therefore, effective banking supervision and management is essential to maintain banking sector stability and promote healthy economic growth.
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Engel. (2019). Metode Penelitian Deskriptif Kuantitatif. Paper Knowledge . Toward a Media History of Documents.
Febrianti, N., & Munandar, A. (2021). Analisis Financial Distress pada PT. Indosat Tbk. dengan Menggunakan Metode Altman (Z-Score) dan Metode Springate. Jurnal IIlmu Akuntansi, 3(2).
Haq, F. A., Wati, L. N., & Istianda, M. (2023). The Role of Capital Expenditure Allocation in Mediating Regional Financial Performance on Regional Economic Growth Aceh Province. Journal of Social Entrepreneurship Theory and Practice, 2(1). https://doi.org/10.31098/jsetp.v2i1.1593
Herlina, H. (2020). Perubahan Fluktuatif Struktur Ekonomi Indonesia Pada Masa Pandemi Covid-19. Al-Mutharahah: Jurnal Penelitian Dan Kajian Sosial Keagamaan, 17(2). https://doi.org/10.46781/al-mutharahah.v17i2.142
Hertina, D., Kusmayadi, D., & Yulaeha. (2020). Comparative Analysis of the Altman, Springate and Zmijewski Models as Predicting Financial Distress. Journal Of Archaeology Of Egypt/Egyptology, 17(5).
Huda, S. (2020). Pengaruh Produk Domestik Regional Bruto dan Pajak Daerah di Kabupaten Pamekasan. Ilmu Administrasi Dan Manajemen, 3(2).
Isyandi, B., & Trihatmoko, R. A. (2022). An Analysis Of Regional Economic Performance Of Riau On The Capital Expenditure Budget: A Study Of Indonesian Territorial Economics. International Journal of Public Policy and Administration Research, 9(2). https://doi.org/10.18488/74.v9i2.3024
Kamaluddin, A., Ishak, N., & Mohammed, N. F. (2019). Financial distress prediction through cash flow ratios analysis. International Journal of Financial Research, 10(3). https://doi.org/10.5430/ijfr.v10n3p63
Karina, R., & Soenarno, Y. N. (2022). The impact of financial distress, sustainability report disclosures, and firm size on earnings management in the banking sector of Indonesia, Malaysia, and Thailand. Journal of Accounting and Management Information Systems, 21(2). https://doi.org/10.24818/jamis.2022.02007
Khan, I., & Gunwant, D. F. (2024). An impact analysis of macroeconomic factors on South Asia’s renewable energy output. International Journal of Energy Sector Management, 18(3). https://doi.org/10.1108/IJESM-01-2023-0013
Lagerborg, A., Pappa, E., & Ravn, M. O. (2023). Sentimental Business Cycles. Review of Economic Studies, 90(3). https://doi.org/10.1093/restud/rdac053
Loppies, L. S., Esomar, M. J. ., & Turukay, E. (2020). Bankcrutpcy Prediction Analysis Using Altman Z- Score , Grover Model and Springate S-Score (a Study in Retail Companies Listed in Indonesia Stock Exchange 2014-2018 Period). Journal of Critical Reviews, 7(12).
Mahardika, B., & Setyawan, S. (2022). Analisis Kebangkrutan Perusahaan Otomotif Dimasa Pandemi Covid-19 Menggunakan Analisis Model Altman Z-Score, Zmijewski, Dan Grover. Jurnal Cakrawala Ilmiah, 1(7).
Mulia, R. A. (2022). Pengaruh Tingkat Kemiskinan dan Produk Domestik Regional Bruto Terhadap Kesejahteraan Masyarakat. Jiee: Jurnal Ilmiah Ekotrans & Erudisi, 2(1).
Murti, W. (2021). Timeliness of corporate annual financial reporting in indonesian banking industry. Accounting, 7(3). https://doi.org/10.5267/j.ac.2021.1.003
Muzanni, M., & Yuliana, I. (2021). Comparative Analysis of Altman, Springate, and Zmijewski Models in Predicting the Bankruptcy of Retail Companies in Indonesia and Singapore. TIJAB (The International Journal of Applied Business), 5(1). https://doi.org/10.20473/tijab.v5.i1.2021.81-93
Negara, S. D., & Sugiana, A. M. (2022). The State of Indonesia’s Digital Economy in 2022. ISEAS Perspective, 109(2022).
Oktaviani, S., & Yefriza, Y. (2024). The Impact of Macroeconomic Indicators and Bank Spesific Factors on Comercial Bank NPLs in the Province of South Sumatera. Jurnal Ilmiah Universitas Batanghari Jambi, 24(1). https://doi.org/10.33087/jiubj.v24i1.4632
Pratiwi, F. R. (2020). THE EFFECT OF POPULATION GROWTH AND GROSS REGIONAL DOMESTIC PRODUCT (GRDP) ON THE LEVEL OF UNEMPLOYMENT IN THE CITY OF MAKASSAR. Jurnal Economic Resource, 3(2). https://doi.org/10.57178/jer.v3i2.301
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Raghavan, M., Khan, F., & Devadason, E. S. (2024). Agri-food trade channel and the ASEAN macroeconomic impacts from output and price shocks. Agricultural Economics (United Kingdom), 55(1). https://doi.org/10.1111/agec.12811
Reynaldi, D. (2022). The Influence of Intellectual Capital and Innovation on the Performance of SOEs in the Banking Sector in Indonesia. Technium Social Sciences Journal, 36. https://doi.org/10.47577/tssj.v36i1.7537
Sotirakopoulos, P., Mount, M. P., Guven, C., Ulker, A., & Graham, C. (2023). A tale of two life stages: The imprinting effect of macroeconomic contractions on later life entrepreneurship. Journal of Business Venturing, 38(4). https://doi.org/10.1016/j.jbusvent.2023.106313
Supitriyani, Astuti, & Azwar, K. (2022). Implementation of Springate, Altman, Grover and Zmijewski Models in Measuring Financial Distress. International Journal of Trends in Accounting Research, 3(1).
Wahyudin, R., Wira, A., & Lubis, M. Z. M. (2022). Rationality of The Bank Nagari Conversion: Perspective Analysis of “Tigo Tungku Sajarangan .” EKONOMIKA SYARIAH : Journal of Economic Studies, 6(2). https://doi.org/10.30983/es.v6i2.6027
Yendrawati, R., & Adiwafi, N. (2020). Comparative analysis of Z-score, Springate, and Zmijewski models in predicting financial distress conditions. Journal of Contemporary Accounting, 2(2). https://doi.org/10.20885/jca.vol2.iss2.art2
Yuliadi, I. (2023). Determinants of Local Government Revenue: A Survey of Regional Economic Development in Indonesia. Quality - Access to Success, 24(193). https://doi.org/10.47750/QAS/24.193.23
Zainul, A., Hanani, N., Kustiono, D., Syafrial, S., & Asmara, R. (2021). FORECASTING THE BASIC CONDITIONS OF INDONESIA’S RICE ECONOMY 2019-2045. Agricultural Social Economic Journal, 21(02). https://doi.org/10.21776/ub.agrise.2021.021.2.4
Zhu, C., Zhao, Q., He, J., Böckerman, P., Luo, S., & Chen, Q. (2023). Genetic basis of STEM occupational choice and regional economic performance: a UK biobank genome-wide association study. Human Genomics, 17(1). https://doi.org/10.1186/s40246-023-00488-2
Published
2025-09-29
How to Cite
MUHENDRA, Rifki.
Analyzing Bankruptcy Risk and Economic Correlation in a Re-gional Bank: A Study on Bank Nagari.
Klabat Accounting Review, [S.l.], v. 6, n. 2, p. 94-103, sep. 2025.
ISSN 2722-7278.
Available at: <https://ejournal.unklab.ac.id/index.php/kar/article/view/1323>. Date accessed: 04 oct. 2025.
doi: https://doi.org/10.60090/kar.v6i2.1323.94-103.
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Articles
This work is licensed under a Creative Commons Attribution 4.0 International License.
