ANALISIS METODE ALTMAN Z-SCORE SEBAGAI ALAT PREDIKSI KEBANGKRUTAN DAN PENGARUHNYA TERHADAP HARGA SAHAM PADA PERUSAHAAN TEKSTIL DAN GARMEN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2014-2016

Abstract

ABSTRACT The purpose of this study was to determine the predicted outcome of bankruptcy and also to test there is influence between independent variable is the value of the model financial ratios Altman Z-score as a predictor of bankruptcy with the dependent variable is price stock.this research take secondary data through the financial statements of each company in Indonesia Stock Exchange website. The sample used in this study were fifteen industrial company textile and garment sector on Indonesia Stock Exchange. using normality test and simple linear regression. The results showed that from 2014 to 2016 the majority of the industrial company textile and garment sector on Indonesia Stock Exchange in the category of companies that grey area and bankcrupt. hypothesis testing results of this study showed insignificant relationship between predicted bankruptcy by using the value of financial ratios Altman Z-score and the stock price at the company industry textile and garment sector on Indonesia Stock Exchange. Keywords: Altman Z-score, prediction of bankrupty, the stock price