116
Lampiran 5 Metode Analisis Data Panel
a. Metode Common Effect Model
Dependent Variable: DAR? Method: Pooled Least Squares
Date: 071116 Time: 23:55 Sample: 2010 2013
Included observations: 4 Cross-sections included: 42
Total pool balanced observations: 168 Variable
Coefficient Std. Error
t-Statistic Prob.
SIZE? 8.354828
2.349895 3.555404
0.0005 ROA?
0.286008 0.256104
1.116765 0.2657
RISIKO_BISNIS? -0.001609
0.000491 -3.278222
0.0013 TIE?
-0.000335 0.000192
-1.742694 0.0833
P_AKTIVA? -0.006743
0.090821 -0.074241
0.9409 C
-9.447089 14.53305
-0.650042 0.5166
R-squared 0.141712 Mean dependent var
45.51268 Adjusted R-squared
0.115222 S.D. dependent var 19.27992
S.E. of regression 18.13520 Akaike info criterion
8.668647 Sum squared resid
53279.43 Schwarz criterion 8.780217
Log likelihood -722.1664 Hannan-Quinn criter.
8.713928 F-statistic
5.349586 Durbin-Watson stat 1.454913
ProbF-statistic 0.000140
b. Metode Fixed Effect Model
Dependent Variable: DAR? Method: Pooled Least Squares
Date: 071116 Time: 23:56 Sample: 2010 2013
Included observations: 4 Cross-sections included: 42
Total pool balanced observations: 168 Variable
Coefficient Std. Error
t-Statistic Prob.
SIZE? 4.146036
9.977813 0.415525
0.6785 ROA?
-0.470658 0.327196
-1.438458 0.1529
RISIKO_BISNIS? -0.001637
0.000447 -3.663410
0.0004 TIE?
-0.000230 0.000185
-1.240756 0.2171
P_AKTIVA? -0.023283
0.110771 -0.210194
0.8339 C
22.50321 62.32117
0.361084 0.7187
Fixed Effects Cross _APLN--C
7.236058
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_ASRI--C 10.46012
_BAPA--C 4.712933
_BCIP--C -1.818721
_BIPP--C -2.775633
_BKDP--C -20.75999
_BKSL--C -11.88834
_BSDE--C -1.828573
_COWL--C 3.285627
_CTRA--C -10.53467
_CTRP--C -23.06135
_CTRS--C 0.845924
_DART--C -3.920099
_DILD--C -3.427568
_DUTI--C -20.39082
_ELTY--C -7.595661
_FMII--C -18.74044
_GMTD--C 14.17079
_GPRA--C -4.676086
_KIJA--C -2.604775
_KPIG--C -11.18390
_LAMI--C 3.302408
_LCGP--C -11.12168
_LPCK--C 9.337907
_LPKR--C 5.639897
_MDLN--C 6.129198
_MKPI--C 8.726182
_MTSM--C -1.620623
_OMRE--C -10.52267
_PLIN--C 17.79449
_PUDP--C -9.832733
_PWON--C 8.537808
_RBMS--C -29.82382
_RDTX--C 4.488857
_SCDB--C -8.881953
_SMDM--C -17.94561
_SMRA--C 9.281789
_ADHI--C 23.76731
_PTPP--C 32.74554
_SSIA--C 17.47153
_TOTL--C 21.33593
_WIKA--C 25.68543
Effects Specification Cross-section fixed dummy variables
R-squared 0.559655 Mean dependent var
45.51268 Adjusted R-squared
0.392251 S.D. dependent var 19.27992
S.E. of regression 15.03029 Akaike info criterion
8.489362 Sum squared resid
27335.06 Schwarz criterion 9.363329
Log likelihood -666.1064 Hannan-Quinn criter.
8.844060 F-statistic
3.343139 Durbin-Watson stat 2.725147
ProbF-statistic 0.000000
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c. Metode Random Effect Model
Dependent Variable: DAR? Method: Pooled EGLS Cross-section random effects
Date: 071116 Time: 23:56 Sample: 2010 2013
Included observations: 4 Cross-sections included: 42
Total pool balanced observations: 168 Swamy and Arora estimator of component variances
Variable Coefficient
Std. Error t-Statistic
Prob. SIZE?
8.727647 3.043120
2.867993 0.0047
ROA? -0.018998
0.265013 -0.071686
0.9429 RISIKO_BISNIS?
-0.001649 0.000430
-3.832503 0.0002
TIE? -0.000266
0.000173 -1.542952
0.1248 P_AKTIVA?
-0.041460 0.086033
-0.481909 0.6305
C -9.309240
18.94466 -0.491391
0.6238 Random Effects Cross
_APLN--C 2.562980
_ASRI--C 4.265675
_BAPA--C 6.408027
_BCIP--C 1.341867
_BIPP--C 2.732568
_BKDP--C -9.027248
_BKSL--C -7.238920
_BSDE--C -4.539498
_COWL--C 3.711958
_CTRA--C -8.711127
_CTRP--C -15.20524
_CTRS--C -0.167942
_DART--C -2.433125
_DILD--C -2.964659
_DUTI--C -14.89789
_ELTY--C -5.339379
_FMII--C -7.593849
_GMTD--C 9.706659
_GPRA--C -2.180514
_KIJA--C -2.156012
_KPIG--C -6.904598
_LAMI--C 2.927779
_LCGP--C -2.423508
_LPCK--C 3.875547
_LPKR--C 1.047569
_MDLN--C 2.414331
_MKPI--C 2.264644
_MTSM--C 3.427457
_OMRE--C -6.322285
_PLIN--C 10.00211
_PUDP--C -3.600394
_PWON--C 2.868151
_RBMS--C -12.42050
_RDTX--C 1.195963
_SCDB--C -7.934270
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_SMDM--C -9.904406
_SMRA--C 3.827062
_ADHI--C 13.53131
_PTPP--C 19.10292
_SSIA--C 8.317731
_TOTL--C 12.40977
_WIKA--C 14.02328
Effects Specification S.D.
Rho Cross-section random
9.686480 0.2935
Idiosyncratic random 15.03029
0.7065 Weighted Statistics
R-squared 0.127914 Mean dependent var
27.89861 Adjusted R-squared
0.100997 S.D. dependent var 16.11003
S.E. of regression 15.27484 Sum squared resid
37797.97 F-statistic
4.752287 Durbin-Watson stat 1.987931
ProbF-statistic 0.000444
Unweighted Statistics R-squared
0.129092 Mean dependent var 45.51268
Sum squared resid 54062.87 Durbin-Watson stat
1.389859
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Lampiran 6 Pemilihan Model Data Panel
a. Redundant Fixed Effects Tests Chow Test
