2012 0.098
1.301 0.548
16.210 0.326
0.050 13
2013 0.043
1.844 0.484
16.518 0.361
0.032 13
2014 0.024
1.974 0.565
16.571 0.054
0.007 13
2015 0.031
1.809 0.557
16.658 0.091
0.012 13
8 STTP
2011 0.046
0.914 0.966
27.564 0.440
0.065 13
2012 0.060
1.156 1.003
27.854 0.337
0.075 13
2013 0.078
1.118 0.875
28.016 0.176
0.097 13
2014 0.073
1.080 0.674
28.162 0.157
0.099 13
2015 0.098
0.903 0.633
28.283 0.129
0.121 13
9 AISA
2011 0.042
0.959 0.528
15.094 0.854
0.052 12
2012 0.066
0.902 0.788
15.168 0.077
0.084 12
2013 0.069
1.130 0.571
15.429 0.298
0.090 12
2014 0.051
1.052 0.375
15.813 0.468
0.066 12
2015 0.041
1.284 0.616
16.019 0.229
0.055 12
Lampiran 3 Hasil
3.1 Analisis Statistik Deskriptif
Bond Rating ROA
DER CR
Size Growth
Produktivity Mean
14,50000 0,085432
0,894295 0,549841
19,22277 0,206386
0,097409 Maximum
17,00000 0,188000
1,974000 1,003000
30,24800 0,854000
0,245000 Minimum
12,00000 0,023000
0,252000 0,270000
0,046000 -0,003000
0,000000 Std. Deviasi
1,562645 0,041527
0,472772 0,183701
9,121037 0,156367
0,065090 Observatio
45 45
45 45
45 45
45 Sumber: Hasil Penelitian, 2017 Data Diolah
3.2 Uji Asumsi Klasik 3.2.1 Uji Normalitas
2 4
6 8
10 12
14
-0.15 -0.10
-0.05 0.00
0.05 0.10
0.15 0.20
0.25
Series: Residuals Sample 1 45
Observations 45
Mean 1.97e-16
Median -0.014833
Maximum 0.231507
Minimum -0.152425
Std. Dev. 0.088620
Skewness 0.696363
Kurtosis 2.985263
Jarque-Bera 3.637313
Probability 0.162244
Universitas Sumatera Utara
Sumber: Hasil Penelitian, 2017 Data Diolah
3.2. 2 Uji Multikolinearitas
ROA DER
CR Firm Size
Growth Produktivity
ROA 1,000000
- 0,414489
- 0,542393
- 0,433531
0,200486 0,778665
DER -
0,414489 1,000000
0,583772 0,512459
0,224782 -0,124733
CR -
0,542393 0,583772
1,000000 0,686909
- 0,014658
-0,403145
Firm Size -
0,433531 0,512459
0,686909 1,000000
0,060055 -0,301144
Growth
0,200486 0,224782
- 0,014658
0,060055 1,000000
0,316155
Produktivity 0,778665
- 0,124733
- 0,403145
- 0,301144
0,316155 1,000000
Sumber: Hasil Penelitian, 2017 Data Diolah
3.2.3 Uji Autokorelasi
Sumber: Hasil Penelitian, 2017 Data Diolah
3.2.4 Uji Heteroskedastisitas
Sumber: Hasil Penelitian, 2017 Data Diolah
R-squared 0.108438 Mean dependent var
-4.04E-16 Adjusted R-squared
-0.127564 S.D. dependent var 0.018688
S.E. of regression 0.019844 Akaike info criterion
-4.805102 Sum squared resid
0.013389 Schwarz criterion -4.399605
Log likelihood 115.7122 Hannan-Quinn criter.
-4.654724 F-statistic
0.459480 Durbin-Watson stat 2.072636
ProbF-statistic 0.891268
Heteroskedasticity Test: White F-statistic
1.858089 Prob. F6,38 0.1137
ObsR-squared 10.20751 Prob. Chi-Square6
0.1162 Scaled explained SS
7.225202 Prob. Chi-Square6 0.3005
Universitas Sumatera Utara
3.3 Pemilihan Model Data Panel 3.3.1 Uji Chow
