Analisis Komparatif Risiko Keuangan Perusahaan Pembiayaan Berkonglomerasi dan Independen.

Abstract

Financing industry subsector has experienced a rapid growth from year to year. Many new companies are interested in entering this sector, include independent finance company as well as those that are part of financial conglomeration. This growth raises the complexity and trigger the onset of financial conglomeration risk. This research used assets of Rp 100 billion - Rp 1 trillion over period 2009-2012 as the basis in comparing both of them. Data analysis was conducted using financial ratio measurement and Z-Score. The result shows that conglomerate finance company has better performance and lower level of risk than independent finance company because it has strong funding from other companies in their structure