The Influence of Financial Distress with Altman Z-Score Method on Share Price Changes in Retail Subsector Corporates Listed on the IDX Period 2017-2019

Abstract

The study aims to identify significant financial distress with the Altman method – z score which influences share price changes in retail subsector companies listed on IDX for the period 2017-2019. The factors tested in this study were financial distress as independent variables while sharing price changes as dependent variables. The research methods used in this study are descriptive and verification. The population in this study is a retail subsector listed on the Indonesia Stock Exchange from 2017 to 2019. The sampling technique used is the purposive sampling method. So the sample in this study is 17 retail subsector companies registered with IDX in 2017 - 2019 and the specified sample count is 51 Annual Report. While the data analysis used in this study is an analyst is correlation coefficient and regression analysis. Programs used to analyze data using SPSS Version 20. The results of this study show that financial distress significantly has a positive effect on changes in the share price. The amount of financial distress effect affected the change in the share price by 22.8% and the remaining 77.2% were influenced by other unchecked factors.