THE
INFLUENCE OF FINANCIAL DISTRESS (ALTMAN Z SCORE)
TO
MARKET VALUE EQUITY IN IICG SURVEY
COMPANY
Muhamad Agus
Sudrajat, SE., M.Si
agus_sudrajat84@yahoo.com
ABSTRACT
The purpose of
this study is to provide empirical evidence that the Financial Distress (Altman
Z Score) significantly influence Market Value Equity (MVE) on IICG Survey
Company.
This study uses
secondary data, that the financial statements of companies listed on the Stock
Exchange the period 2008-2011. Data were collected using Content Analysis. The
sampling technique using purposive sampling method , the number of samples in
this study were 63 companies IICG. Hypothesis testing is done by using linear
regression analysis.
The results
show, that the Financial Distress (Altman Z Score) no significant impact on
Market Value Equity (MVE) on a survey company IICG 2008-2011.
Keywords
: Financial Distress (Altman Z Score), Market Value
Equity (MVE)