Jurnal Aplikasi Bisnis
Volume 13 Nomor 9, September 2012

Hubungan Kinerja Keuangan dengan Harga Sahani pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2007-2009 dengan Pendekatan Altman Z Score

Kartini Kartini (Unknown)
Reza Widhar Pahlevi (Unknown)



Article Info

Publish Date
13 Mar 2017

Abstract

This empirical study intended to determine the relationship between financial performance with stock prices at the manufacturing company listed on the Indonesia Stock Exchange-year period 2007-2009 with the approach Altman Z Score.The population in this study are all listed manufac uringcompanies (listing) in Indonesia Stock Exchange during the years 2007 to 2009 (446 samples). The data was drawn from the Indonesia Stock Exchange ("Pojok BEI UII") and the book Indonesia Capital Market Directoiy (ICMD). This research includes two variables: financial performance and stock prices. Chi square test was used toanalyze the relationship between Z scores with stock prices. The result of chi square analysis indicated that there was a significant relationship between financial perfotmance in the stock price approaches Altman method (Z score value). It could be concluded that the higher a company's financial performance, the Higher business profits and the more benefits that can be enjoyed by theshareholders as well as themore likely thestock price increases. Vice versa if the lower a company's financial performance, the lower income and less profit business that can be enjoyed by the shareholders and also the less likely the company's stock price increases.

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Journal Info

Abbrev

JABIS

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Jurnal Aplikasi Bisnis (JABIS) is a journal periodical written both in Indonesian and English language. JABIS published by Diploma III Economy of Universitas Islam Indonesia twice a year on July and December. JABIS is a media of communication and reply forum for scientific works especially ...