PENGARUH SUKU BUNGA SERTIFIKAT BANK INDONESIA, KURS DOLLAR AMERIKA, DAN RETURN PASAR SAHAM TERHADAP HASIL INVESTASI REKSADANA SAHAM DI BURSA EFEK INDONESIA (BEI)
PENGARUH SUKU BUNGA SERTIFIKAT BANK INDONESIA, KURS
DOLLAR AMERIKA, DAN RETURN PASAR SAHAM TERHADAP HASIL
INVESTASI REKSADANA SAHAM DI BURSA EFEK INDONESIA (BEI)
(Skripsi)
Oleh
RIZKA CHAIRUNNISA
FAKULTAS EKONOMI DAN BISNIS
UNIVERSITAS LAMPUNG
BANDAR LAMPUNG
2013
DAFTAR ISI
DAFTAR ISI ...............................................................................................
DAFTAR TABEL ...........................................................................................
DAFTAR GAMBAR. .................................................................................
DAFTAR LAMPIRAN ................................................................................
Halaman
ii
iv
v
vi
I. PENDAHULUAN .....................................................................................
1.1. Latar Belakang Masalah ...........................................................
1.2 Permasalahan ..............................................................................
1.3 Tujuan dan Kegunaan Penelitian ..................................................
1.4 Kerangka Pemikiran ....................................................................
1.5 Hipotesis ......................................................................................
1
1
6
6
7
11
II. LANDASAN TEORI ................................................................................
2.1 Pengertian Investasi .....................................................................
2.2 Jenis-Jenis Investasi ......................................................................
2.3 Teori Portofolio .............................................................................
2.3.1 Manajemen Portofolio Investasi...........................................
2.3.2 Diversifikasi Portofolio ........................................................
2.4 Pengertian Investasi Reksadana ...................................................
2.5 Pengertian Risiko ..........................................................................
2.6 Manfaat dan Risiko Investasi Reksadana ......................................
2.6.1 Manfaat Investasi Reksadana ...............................................
2.6.2 Risiko Investasi Reksadana ..................................................
2.7 Faktor-faktor Fundamental Reksadana Saham .............................
2.7.1 Sertifikat Bank Indonesia (SBI) ...........................................
2.7.2 Nilai Tukar Dollar ................................................................
2.7.3 Return Pasar Saham .............................................................
2.8 Penelitian Terdahulu .....................................................................
12
12
13
14
15
16
17
18
20
20
21
21
21
23
23
24
III. METODOLOGI PENELITIAN .............................................................
3.1 Objek Penelitian ..........................................................................
3.2 Jenis dan Sumber Data .................................................................
3.3 Metode Pengumpulan Data ........................................................
3.4 Populasi dan Sampel Penelitian ................................................
27
27
27
28
29
3.5 Definisi Operasional Variabel ...................................................
3.6 Alat Analisis. ................................................................................
3.6.1 Analisis Regresi Linear Berganda.......................................
3.6.2 Uji Asumsi Klasik ...............................................................
3.6.3 Uji T ....................................................................................
3.6.4 Uji F ....................................................................................
30
33
33
34
37
38
IV. HASIL PENELITIAN DAN PEMBAHASAN .....................................
4.1 Deskriptif Data ...........................................................................
4.2 Uji Asumsi Klasik .....................................................................
4.2.1 Uji Normalitas.....................................................................
4.2.2 Uji Multikolinearitas ...........................................................
4.2.3 Uji Autokorelasi ..................................................................
4.2.4 Uji Heteroskedastisitas........................................................
4.3 Uji F ..............................................................................................
4.4 Uji T ..............................................................................................
4.5 Pembahasan Hasil Penelitian ........................................................
39
39
41
41
44
45
46
47
48
51
V. KESIMPULAN DAN SARAN .............................................................. 54
5.1 Kesimpulan ................................................................................ 55
5.2 Saran .......................................................................................... 57
DAFTAR PUSTAKA
LAMPIRAN
DAFTAR TABEL
Tabel
Halaman
1.1 Daftar produk beserta kenaikan dalam (%) periode 2009-2011 ................
2.1 Kajian penelitian sebelumnya yang relevan ..........................................
3.1 Daftar perusahaan yang menjadi sampel penelitian...................................
4.1 Statistik Deskriptif......................................................................................
4.2 Uji statistik Kolmogrov-Smirnov ...........................................................
4.3 Pengujian Multikolinearitas .......................................................................
4.4 Hasil pengujian Durbin-Watson.................................................................
4.5 Hasil Uji F ..................................................................................................
4.6 Hasil Uji T..................................................................................................
4.7 Hasil Uji T (lanjutan) .................................................................................
5
25
29
40
42
44
45
48
49
49
DAFTAR GAMBAR
Gambar
Halaman
1.1 Kerangka Pemikiran
.................................................................
4.1 Histogram Regresi Standarisasi Residu .........................................
4.2 Normal P-Plot Regresi
.............................................................
4.3 Grafik Scatterplot .........................................................................
10
42
43
46
DAFTAR LAMPIRAN
Lampiran
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Daftar Perusahaan Yang Menjadi Sampel Penelitian
Perhitungan Return NAB Reksadana Saham Periode Januari 2011Desember2011
Perhitungan Suku Bunga SBI Periode Januari 2011-Desember 2011
Perhitungan Return Kurs Dollar Amerika Periode Januari 2011-Desember
2011
Perhitungan Return IHSG Periode Januari 2011-Desember 2011
Rekapitulasi Perhitungan Return Reksadana Saham, Suku Bunga SBI, Kurs
Dollar Amerika dan Return IHSG Periode Januari 2011-Desember 2011
Hasil Uji Deskriptif
Hasil Uji Asumsi Normalitas
Hasil Uji Multikolinearitas
Hasil Uji Autokorelasi
Hasil Uji Heteroskedastisitas
Hasil Uji F
Hasil Uji R2
Hasil Uji T
DOLLAR AMERIKA, DAN RETURN PASAR SAHAM TERHADAP HASIL
INVESTASI REKSADANA SAHAM DI BURSA EFEK INDONESIA (BEI)
(Skripsi)
Oleh
RIZKA CHAIRUNNISA
FAKULTAS EKONOMI DAN BISNIS
UNIVERSITAS LAMPUNG
BANDAR LAMPUNG
2013
DAFTAR ISI
DAFTAR ISI ...............................................................................................
DAFTAR TABEL ...........................................................................................
DAFTAR GAMBAR. .................................................................................
DAFTAR LAMPIRAN ................................................................................
Halaman
ii
iv
v
vi
I. PENDAHULUAN .....................................................................................
1.1. Latar Belakang Masalah ...........................................................
1.2 Permasalahan ..............................................................................
1.3 Tujuan dan Kegunaan Penelitian ..................................................
1.4 Kerangka Pemikiran ....................................................................
1.5 Hipotesis ......................................................................................
1
1
6
6
7
11
II. LANDASAN TEORI ................................................................................
2.1 Pengertian Investasi .....................................................................
2.2 Jenis-Jenis Investasi ......................................................................
2.3 Teori Portofolio .............................................................................
2.3.1 Manajemen Portofolio Investasi...........................................
2.3.2 Diversifikasi Portofolio ........................................................
2.4 Pengertian Investasi Reksadana ...................................................
2.5 Pengertian Risiko ..........................................................................
2.6 Manfaat dan Risiko Investasi Reksadana ......................................
2.6.1 Manfaat Investasi Reksadana ...............................................
2.6.2 Risiko Investasi Reksadana ..................................................
2.7 Faktor-faktor Fundamental Reksadana Saham .............................
2.7.1 Sertifikat Bank Indonesia (SBI) ...........................................
2.7.2 Nilai Tukar Dollar ................................................................
2.7.3 Return Pasar Saham .............................................................
2.8 Penelitian Terdahulu .....................................................................
12
12
13
14
15
16
17
18
20
20
21
21
21
23
23
24
III. METODOLOGI PENELITIAN .............................................................
3.1 Objek Penelitian ..........................................................................
3.2 Jenis dan Sumber Data .................................................................
3.3 Metode Pengumpulan Data ........................................................
3.4 Populasi dan Sampel Penelitian ................................................
27
27
27
28
29
3.5 Definisi Operasional Variabel ...................................................
3.6 Alat Analisis. ................................................................................
3.6.1 Analisis Regresi Linear Berganda.......................................
3.6.2 Uji Asumsi Klasik ...............................................................
3.6.3 Uji T ....................................................................................
3.6.4 Uji F ....................................................................................
30
33
33
34
37
38
IV. HASIL PENELITIAN DAN PEMBAHASAN .....................................
4.1 Deskriptif Data ...........................................................................
4.2 Uji Asumsi Klasik .....................................................................
4.2.1 Uji Normalitas.....................................................................
4.2.2 Uji Multikolinearitas ...........................................................
4.2.3 Uji Autokorelasi ..................................................................
4.2.4 Uji Heteroskedastisitas........................................................
4.3 Uji F ..............................................................................................
4.4 Uji T ..............................................................................................
4.5 Pembahasan Hasil Penelitian ........................................................
39
39
41
41
44
45
46
47
48
51
V. KESIMPULAN DAN SARAN .............................................................. 54
5.1 Kesimpulan ................................................................................ 55
5.2 Saran .......................................................................................... 57
DAFTAR PUSTAKA
LAMPIRAN
DAFTAR TABEL
Tabel
Halaman
1.1 Daftar produk beserta kenaikan dalam (%) periode 2009-2011 ................
2.1 Kajian penelitian sebelumnya yang relevan ..........................................
3.1 Daftar perusahaan yang menjadi sampel penelitian...................................
4.1 Statistik Deskriptif......................................................................................
4.2 Uji statistik Kolmogrov-Smirnov ...........................................................
4.3 Pengujian Multikolinearitas .......................................................................
4.4 Hasil pengujian Durbin-Watson.................................................................
4.5 Hasil Uji F ..................................................................................................
4.6 Hasil Uji T..................................................................................................
4.7 Hasil Uji T (lanjutan) .................................................................................
5
25
29
40
42
44
45
48
49
49
DAFTAR GAMBAR
Gambar
Halaman
1.1 Kerangka Pemikiran
.................................................................
4.1 Histogram Regresi Standarisasi Residu .........................................
4.2 Normal P-Plot Regresi
.............................................................
4.3 Grafik Scatterplot .........................................................................
10
42
43
46
DAFTAR LAMPIRAN
Lampiran
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Daftar Perusahaan Yang Menjadi Sampel Penelitian
Perhitungan Return NAB Reksadana Saham Periode Januari 2011Desember2011
Perhitungan Suku Bunga SBI Periode Januari 2011-Desember 2011
Perhitungan Return Kurs Dollar Amerika Periode Januari 2011-Desember
2011
Perhitungan Return IHSG Periode Januari 2011-Desember 2011
Rekapitulasi Perhitungan Return Reksadana Saham, Suku Bunga SBI, Kurs
Dollar Amerika dan Return IHSG Periode Januari 2011-Desember 2011
Hasil Uji Deskriptif
Hasil Uji Asumsi Normalitas
Hasil Uji Multikolinearitas
Hasil Uji Autokorelasi
Hasil Uji Heteroskedastisitas
Hasil Uji F
Hasil Uji R2
Hasil Uji T