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4.2.3.2 Metode Fixed Effects Model FEM
Hasil uji regresi data panel dengan metode Fixed Effects Model FEM dapat dilihat pada Tabel 4.6 berikut
Tabel 4.6 Fixed Effect Model
Dependent Variable: PER? Method: Pooled Least Squares
Included observations: 4 Cross-sections included: 24
Total pool balanced observations: 96 Variable
Coefficient Std. Error
t-Statistic Prob.
CSR? 0.074429
0.046831 1.589323
0.1167 CAR?
0.013206 0.179437
0.073599 0.9415
NPL? 0.325553
0.682023 0.477334
0.6347 NIM?
0.759812 0.349604
2.173349 0.0333
ROE? 0.448577
0.111724 4.015059
0.0002 C
-3.102625 4.272390
-0.726204 0.4702
Fixed Effects Cross _AGRO—C
5.314511 _BACA—C
4.853431 _BBCA—C
-0.388879 _BBKP—C
-2.010206 _BBNI—C
-3.644629 _BBNP—C
1.737677 _BBRI—C
-11.39027 _BDMN—C
-0.411255 _BMRI—C
-4.949216 _BNBA—C
3.404200 _BNGA—C
-2.887118 _BNII—C
1.090178 _BNLI—C
0.037329 _BSIM--C
-0.324922 _BBTN--C
-3.469278 _BTPN--C
-1.151003 _BVIC--C
5.340774 _INPC--C
0.898819 _MAYA--C
3.121775 _MCOR--C
0.802640 _MEGA--C
1.457477 _NISP--C
2.277635 _PNBN--C
0.198005 _SDRA--C
0.092327 Adjusted R-squared
0.580132 S.D. dependent var 4.936022
S.E. of regression 3.198404 Akaike info criterion
5.407692 Sum squared resid
685.3957 Schwarz criterion 6.182339
Log likelihood -230.5692 Hannan-Quinn criter.
5.720817 F-statistic
5.687920 Durbin-Watson stat 2.213644
ProbF-statistic 0.000000
Sumber: Hasil Penelitian 2016
Universitas Sumatera Utara
65
Berdasarkan hasil Uji data panel dengan metode Fixed Effect Model FEM terlihat bahwa secara simultan Uji F Corporate Social Responsibility,
Capital Adequacy Ratio, Non Performing Loan, Net Interest Margin, dan Return on Equity berpengaruh positif dan signifikan terhadap Price to Earning Ratio
dengan tingkat signifikansi sebesar 0,0000,05. Secara parsial Uji t Net Interest Margin NIM, dan Return on Equity ROE berpengaruh positif dan signifikan
sedangkan Price to Earning Ratio PER sedangkan Corporate Social Responsibility CSR, Capital Adequacy Ratio CAR, dan Non Performing Loan
NPL tidak berpengaruh signifikan terhadap Price to Earning Ratio PER pada perusahaan perbankan di Bursa Efek Indonesia periode 2012-2015.
4.2.3.3 Metode Random Effects Model REM
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