Abstract
The purpose of this study is to examine the effect of bankruptcy potential with Altman Z-Score model on stock prices at chemical industry basic manufacturing companies listed in Indonesia Stock Exchange period 2014 - 2016. The method used in this research is using simple linear regression. The data in this study were obtained by processing the annual financial data of manufacturing companies of the basic and chemical industry sectors listed in Indonesia Stock Exchange which become the sample in this research as many as 102 samples with 34 companies. The results showed that on average the manufacturing companies of the basic and chemical industry sectors listed on the Indonesia Stock Exchange have a value of 2.1635 which indicates that on average the manufacturing companies of the basic and chemical industry sectors in the Indonesia Stock Exchange are used as research data this can be predicted to experience failure and Ability variations of free variables, which in this case is the potential bankruptcy of Altman Z-Score to the variation of dependent variable that is stock price is equal to 0,135 (13,5%). This means that there are other factors (other variables) of 86.5% affecting the price of shares in the Indonesia Stock Exchange
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