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Currently, major telecommunication sub-sector companies in Indonesia are experiencing rapid growth and have become dominant players in the market. However, not all telecommunication companies are profitable, as some dominant subsidiaries have experienced declining profits or losses, potentially leading to financial distress. Financial distress is a...
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Context 1
... factors contribute to the company's vulnerability to financial instability and potential bankruptcy. In contrast to the Ohlson O-Score method, which identified only one company in the non-financial distress category and 14 companies in the financial distress category, the results of the Zmijewski method show that 14 companies fall into the non-financial distress category, while only one company is categorized as financial distress, as presented in Table 2. Based on the calculations, the smallest B score is held by PT. ...