Pengaruh Rasio Keuangan Terhadap Harga Saham Pada Perusahaan Real Estate Dan Properti Yang Terdaftar Di Bursa Efek Indonesia 2008-2011
LAMPIRAN
Lampiran 1
Uji Asumsi Klasik
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
ROA
2.6
4.3
0.13
2.49
6.68
4.53
3.15
-3.84
9.49
0.28
3.61
1.98
4
14.41
15.02
3.31
1.75
-0.74
1.59
2.25
1.78
7.34
13.57
8.91
8.2
4.11
2.65
4.34
12.48
17.31
7.2
1.32
-1.26
2.75
3.34
ROE
4.53
7.95
0.19
5.06
10.3
19.69
6.28
-13.62
17
0.76
13.27
5.87
10.48
21.71
25.73
6.11
4.38
-1.01
2.93
3.92
8.57
13.11
33.56
17.05
20.15
13.44
8.26
10.78
19.74
29.27
17.95
2.81
-1.76
5.26
5.64
DER
0.74
0.07
0.54
0.38
8.4
3.35
0.81
2.51
0.75
1.46
2.62
1.96
1.54
0.51
0.71
0.84
1.25
0.36
0.34
8.6
3.83
0.62
1.47
0.84
1.15
2.2
2.11
1.4
0.58
0.69
1.07
0.82
0.41
0.43
17.6
Harga Saham
50
77
50
184
158
250
1000
475
500
700
85
205
761
355
415
105
205
153
485
510
195
680
400
800
700
95
225
485
510
600
295
157
116
350
690
65
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
2.19
8.29
16.96
9.3
9.22
6.01
5.1
4.45
11.9
18.69
11.17
0.61
-2.01
2.8
4.7
1.43
9.43
15.33
9.73
9.05
10.88
14.77
5.39
12.01
47.92
7.59
14.25
31.96
20.11
20.31
17.67
15.12
9.33
17.87
48.54
24.08
0.99
-2.77
6.4
9.8
4.44
13.73
22.54
20.92
16.08
22.7
36.71
10.47
19.69
8
2.47
0.55
0.88
1.1
0.91
1.83
1.96
1.03
0.47
0.69
1.16
0.62
0.38
14.7
29.1
0.83
0.46
0.47
1.15
0.78
1.09
1.49
0.94
0.47
0.67
186
2100
170
1300
700
194
395
680
840
3550
460
119
115
540
870
435
1800
265
2900
700
225
1790
660
1000
7850
66
Lampiran 2
Variabel Dependen Harga Saham
(2008-2011)
N
NAMA PERUSAHAAN
KODE
O
Harga Saham (Rp)
2008
2009
2010
2011
1
PT. Alam Sutera Realty Tbk
ASRI
50
105
295
460
2
PT. Bakrieland Development Tbk
ELTY
77
205
157
119
3
PT. Bukit Darmo Property Tbk
BKDP
50
153
116
115
4
PT. Ciputra Development Tbk
CTRA
184
485
350
540
5
PT. Ciputra Surya Tbk
CTRS
158
510
690
870
6
PT. Duta Anggada Realty Tbk
DART
250
195
186
435
7
PT. Duta Pertiwi Tbk
DUTI
1000 680
2100
1800
8
PT. Indonesia Prima Property Tbk
OMRE
475
400
170
265
9
PT. Jaya Real Property
JRPT
500
800
1300
2900
JSPT
700
700
700
700
11 PT. Lamicitra Nusantara Tbk
LAMI
85
95
194
225
12 PT. Lippo Cikarang Tbk
LPCK
205
225
395
1790
13 PT. Lippo Karawaci Tbk
LPKR
761
485
680
660
14 PT. Pembangunan Jaya Ancol
PJAA
355
510
840
1000
SCMA
415
600
3550
7850
10 PT. Jakarta Setiabudi
Internasional Tbk
Tbk
15 PT. Surya Citra Media Tbk
67
Lampiran 3
Uji Normalitas Data
68
Lampiran 4
Analisis Statistik Kolmogorov-Smirnov
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
ROA
2.6
4.3
0.13
2.49
6.68
4.53
3.15
-3.84
9.49
0.28
3.61
1.98
4
14.41
15.02
3.31
1.75
-0.74
1.59
2.25
1.78
7.34
13.57
8.91
8.2
4.11
2.65
4.34
12.48
17.31
7.2
1.32
-1.26
ROE
4.53
7.95
0.19
5.06
10.3
19.69
6.28
-13.62
17
0.76
13.27
5.87
10.48
21.71
25.73
6.11
4.38
-1.01
2.93
3.92
8.57
13.11
33.56
17.05
20.15
13.44
8.26
10.78
19.74
29.27
17.95
2.81
-1.76
DER
0.74
0.07
0.54
0.38
8.4
3.35
0.81
2.51
0.75
1.46
2.62
1.96
1.54
0.51
0.71
0.84
1.25
0.36
0.34
8.6
3.83
0.62
1.47
0.84
1.15
2.2
2.11
1.4
0.58
0.69
1.07
0.82
0.41
Harga Saham
50
77
50
184
158
250
1000
475
500
700
85
205
761
355
415
105
205
153
485
510
195
680
400
800
700
95
225
485
510
600
295
157
116
RES_1
-317.53352
-404.00235
-112.93505
-141.37602
-695.63232
156.88014
617.57043
341.65306
-416.93632
525.25969
-113.54835
-31.20116
406.80689
-1116.98205
-992.84248
-308.73725
-46.33066
76.51327
212.06433
71.75578
72.1359
-63.8421
-488.49348
-28.35335
97.71207
-167.15018
-19.95809
93.00519
-748.78391
-1014.05658
-241.98035
-85.91233
87.8925
69
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
2.75
3.34
2.19
8.29
16.96
9.3
9.22
6.01
5.1
4.45
11.9
18.69
11.17
0.61
-2.01
2.8
4.7
1.43
9.43
15.33
9.73
9.05
10.88
14.77
5.39
12.01
47.92
5.26
5.64
7.59
14.25
31.96
20.11
20.31
17.67
15.12
9.33
17.87
48.54
24.08
0.99
-2.77
6.4
9.8
4.44
13.73
22.54
20.92
16.08
22.7
36.71
10.47
19.69
8
0.43
17.6
2.47
0.55
0.88
1.1
0.91
1.83
1.96
1.03
0.47
0.69
1.16
0.62
0.38
14.7
29.1
0.83
0.46
0.47
1.15
0.78
1.09
1.49
0.94
0.47
0.67
350
690
186
2100
170
1300
700
194
395
680
840
3550
460
119
115
540
870
435
1800
265
2900
700
225
1790
660
1000
7850
-7.43521
40.88818
-20.41857
1258.40029
-1287.14628
530.34941
-47.23325
-183.64681
52.54608
218.71441
-403.5877
2489.13305
-436.33502
-85.93213
160.79979
39.36003
33.99418
239.77218
766.51287
-1312.83887
2096.69195
-187.1287
-681.1429
844.26604
102.72293
-188.26367
764.29635
70
Lampiran 5
Uji Normalitas Kolmogorov-Smirnov
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N
60
Mean
Normal Parametersa,b
.0000000
Std. Deviation
Most Extreme Differences
651.97374855
Absolute
.173
Positive
.173
Negative
-.120
Kolmogorov-Smirnov Z
1.342
Asymp. Sig. (2-tailed)
.055
a. Test distribution is Normal.
b. Calculated from data.
Lampiran 6
Uji Multikolinearitas
Coefficientsa
Model
Unstandardized
Standardi
Coefficients
zed
t
Sig.
Collinearity Statistics
Coefficient
s
B
Std. Error
(Constant)
143.942
149.526
ROA
151.286
14.635
ROE
-39.541
DER
12.664
Beta
Tolerance
VIF
.963
.340
.997
10.338
.000
.625
1.599
10.285
-.370
-3.845
.000
.626
1.597
18.816
.052
.673
.504
.977
1.023
1
a. Dependent Variable: Harga Saham
71
Lampiran 7
Uji Heteroskedastisitas
Scartterplot
Lampiran 8
Coefficientsa
Model
Unstandardized Coefficients
Standardized
T
Sig.
Coefficients
B
Std. Error
Beta
(Constant)
51.434
86.553
.594 .555
ROA
16.095
8.471
.242
1.900 .063
ROE
21.455
5.953
.458
3.604 .001
DER
-11.155
10.892
-.104
-1.024 .310
a. Dependent Variable: ABS_RES
72
Lampiran 9
Uji Autokorelasi
Durbin Watson
Hipotesis Nol
Keputusan
Jika
1. Tidak ada autokorelasi positif.
Tolak
0 < d < dl
2. Tidak ada autokorelasi positif.
Ragu - ragu
dl < d < du
3. Tidak ada autokorelasi negatif.
Tolak
4–dl < d < 4
4. Tidak ada autokorelasi negatif.
Ragu - ragu
4–du < d < 4–dl
5. Tidak ada autokorelasi, positif atau
Tidak ditolak
du < d < 4-du
negatif.
Lampiran 10
Durbin Watson
Model Summaryb
Model
1
R
R Square
a
.821
Adjusted R
Std. Error of the
Square
Estimate
.674
.657
669.210
Durbin-Watson
2.526
a. Predictors: (Constant), DER, ROE, ROA
b. Dependent Variable: Harga Saham
73
Lampiran 11
Pengujian Hipotesis
Model Regresi
Coefficientsa
Model
Unstandardized Coefficients
Standardized
T
Sig.
Coefficients
B
143.942
149.526
ROA
151.286
14.635
ROE
-39.541
DER
12.664
(Constant)
1
Std. Error
Beta
.963
.340
.997
10.338
.000
10.285
-.370
-3.845
.000
18.816
.052
.673
.504
a. Dependent Variable: Harga Saham
Lampiran 12
Uji Koefisien Determinasi (R2)
Range
0
0,01 – 0,24
0,25 – 0,49
0,50 – 0,74
0,75 – 0,99
1
Hubungan
Tidak ada korelasi
Sangat lemat
Cukup
Kuat
Sangat Kuat
Sempurna
Lampiran 13
Hasil pengujian Uji Koefisien Determinasi (R2)
Model Summaryb
Model
1
R
R Square
a
.821
Adjusted R
Std. Error of the
Square
Estimate
.674
.657
669.210
a. Predictors: (Constant), DER, ROE, ROA
b. Dependent Variable: Harga Saham
74
Lampiran 14
Uji Koefisien Regresi (Uji F)
ANOVAa
Model
1
Sum of Squares
df
Mean Square
Regression
51940240.224
3
17313413.408
Residual
25079116.359
56
447841.364
Total
77019356.583
59
F
Sig.
38.660
.000b
a. Dependent Variable: Harga Saham
b. Predictors: (Constant), DER, ROE, ROA
Lampiran 15
Uji T
Coefficientsa
Model
Unstandardized Coefficients
Standardized
T
Sig.
Coefficients
B
Std. Error
Beta
(Constant)
143.942
149.526
.963
.340
ROA
151.286
14.635
.997 10.338
.000
ROE
-39.541
10.285
-.370
-3.845
.000
DER
12.664
18.816
.052
.673
.504
1
a. Dependent Variable: Harga Saham
75
Lampiran 1
Uji Asumsi Klasik
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
ROA
2.6
4.3
0.13
2.49
6.68
4.53
3.15
-3.84
9.49
0.28
3.61
1.98
4
14.41
15.02
3.31
1.75
-0.74
1.59
2.25
1.78
7.34
13.57
8.91
8.2
4.11
2.65
4.34
12.48
17.31
7.2
1.32
-1.26
2.75
3.34
ROE
4.53
7.95
0.19
5.06
10.3
19.69
6.28
-13.62
17
0.76
13.27
5.87
10.48
21.71
25.73
6.11
4.38
-1.01
2.93
3.92
8.57
13.11
33.56
17.05
20.15
13.44
8.26
10.78
19.74
29.27
17.95
2.81
-1.76
5.26
5.64
DER
0.74
0.07
0.54
0.38
8.4
3.35
0.81
2.51
0.75
1.46
2.62
1.96
1.54
0.51
0.71
0.84
1.25
0.36
0.34
8.6
3.83
0.62
1.47
0.84
1.15
2.2
2.11
1.4
0.58
0.69
1.07
0.82
0.41
0.43
17.6
Harga Saham
50
77
50
184
158
250
1000
475
500
700
85
205
761
355
415
105
205
153
485
510
195
680
400
800
700
95
225
485
510
600
295
157
116
350
690
65
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
2.19
8.29
16.96
9.3
9.22
6.01
5.1
4.45
11.9
18.69
11.17
0.61
-2.01
2.8
4.7
1.43
9.43
15.33
9.73
9.05
10.88
14.77
5.39
12.01
47.92
7.59
14.25
31.96
20.11
20.31
17.67
15.12
9.33
17.87
48.54
24.08
0.99
-2.77
6.4
9.8
4.44
13.73
22.54
20.92
16.08
22.7
36.71
10.47
19.69
8
2.47
0.55
0.88
1.1
0.91
1.83
1.96
1.03
0.47
0.69
1.16
0.62
0.38
14.7
29.1
0.83
0.46
0.47
1.15
0.78
1.09
1.49
0.94
0.47
0.67
186
2100
170
1300
700
194
395
680
840
3550
460
119
115
540
870
435
1800
265
2900
700
225
1790
660
1000
7850
66
Lampiran 2
Variabel Dependen Harga Saham
(2008-2011)
N
NAMA PERUSAHAAN
KODE
O
Harga Saham (Rp)
2008
2009
2010
2011
1
PT. Alam Sutera Realty Tbk
ASRI
50
105
295
460
2
PT. Bakrieland Development Tbk
ELTY
77
205
157
119
3
PT. Bukit Darmo Property Tbk
BKDP
50
153
116
115
4
PT. Ciputra Development Tbk
CTRA
184
485
350
540
5
PT. Ciputra Surya Tbk
CTRS
158
510
690
870
6
PT. Duta Anggada Realty Tbk
DART
250
195
186
435
7
PT. Duta Pertiwi Tbk
DUTI
1000 680
2100
1800
8
PT. Indonesia Prima Property Tbk
OMRE
475
400
170
265
9
PT. Jaya Real Property
JRPT
500
800
1300
2900
JSPT
700
700
700
700
11 PT. Lamicitra Nusantara Tbk
LAMI
85
95
194
225
12 PT. Lippo Cikarang Tbk
LPCK
205
225
395
1790
13 PT. Lippo Karawaci Tbk
LPKR
761
485
680
660
14 PT. Pembangunan Jaya Ancol
PJAA
355
510
840
1000
SCMA
415
600
3550
7850
10 PT. Jakarta Setiabudi
Internasional Tbk
Tbk
15 PT. Surya Citra Media Tbk
67
Lampiran 3
Uji Normalitas Data
68
Lampiran 4
Analisis Statistik Kolmogorov-Smirnov
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
ROA
2.6
4.3
0.13
2.49
6.68
4.53
3.15
-3.84
9.49
0.28
3.61
1.98
4
14.41
15.02
3.31
1.75
-0.74
1.59
2.25
1.78
7.34
13.57
8.91
8.2
4.11
2.65
4.34
12.48
17.31
7.2
1.32
-1.26
ROE
4.53
7.95
0.19
5.06
10.3
19.69
6.28
-13.62
17
0.76
13.27
5.87
10.48
21.71
25.73
6.11
4.38
-1.01
2.93
3.92
8.57
13.11
33.56
17.05
20.15
13.44
8.26
10.78
19.74
29.27
17.95
2.81
-1.76
DER
0.74
0.07
0.54
0.38
8.4
3.35
0.81
2.51
0.75
1.46
2.62
1.96
1.54
0.51
0.71
0.84
1.25
0.36
0.34
8.6
3.83
0.62
1.47
0.84
1.15
2.2
2.11
1.4
0.58
0.69
1.07
0.82
0.41
Harga Saham
50
77
50
184
158
250
1000
475
500
700
85
205
761
355
415
105
205
153
485
510
195
680
400
800
700
95
225
485
510
600
295
157
116
RES_1
-317.53352
-404.00235
-112.93505
-141.37602
-695.63232
156.88014
617.57043
341.65306
-416.93632
525.25969
-113.54835
-31.20116
406.80689
-1116.98205
-992.84248
-308.73725
-46.33066
76.51327
212.06433
71.75578
72.1359
-63.8421
-488.49348
-28.35335
97.71207
-167.15018
-19.95809
93.00519
-748.78391
-1014.05658
-241.98035
-85.91233
87.8925
69
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
2.75
3.34
2.19
8.29
16.96
9.3
9.22
6.01
5.1
4.45
11.9
18.69
11.17
0.61
-2.01
2.8
4.7
1.43
9.43
15.33
9.73
9.05
10.88
14.77
5.39
12.01
47.92
5.26
5.64
7.59
14.25
31.96
20.11
20.31
17.67
15.12
9.33
17.87
48.54
24.08
0.99
-2.77
6.4
9.8
4.44
13.73
22.54
20.92
16.08
22.7
36.71
10.47
19.69
8
0.43
17.6
2.47
0.55
0.88
1.1
0.91
1.83
1.96
1.03
0.47
0.69
1.16
0.62
0.38
14.7
29.1
0.83
0.46
0.47
1.15
0.78
1.09
1.49
0.94
0.47
0.67
350
690
186
2100
170
1300
700
194
395
680
840
3550
460
119
115
540
870
435
1800
265
2900
700
225
1790
660
1000
7850
-7.43521
40.88818
-20.41857
1258.40029
-1287.14628
530.34941
-47.23325
-183.64681
52.54608
218.71441
-403.5877
2489.13305
-436.33502
-85.93213
160.79979
39.36003
33.99418
239.77218
766.51287
-1312.83887
2096.69195
-187.1287
-681.1429
844.26604
102.72293
-188.26367
764.29635
70
Lampiran 5
Uji Normalitas Kolmogorov-Smirnov
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N
60
Mean
Normal Parametersa,b
.0000000
Std. Deviation
Most Extreme Differences
651.97374855
Absolute
.173
Positive
.173
Negative
-.120
Kolmogorov-Smirnov Z
1.342
Asymp. Sig. (2-tailed)
.055
a. Test distribution is Normal.
b. Calculated from data.
Lampiran 6
Uji Multikolinearitas
Coefficientsa
Model
Unstandardized
Standardi
Coefficients
zed
t
Sig.
Collinearity Statistics
Coefficient
s
B
Std. Error
(Constant)
143.942
149.526
ROA
151.286
14.635
ROE
-39.541
DER
12.664
Beta
Tolerance
VIF
.963
.340
.997
10.338
.000
.625
1.599
10.285
-.370
-3.845
.000
.626
1.597
18.816
.052
.673
.504
.977
1.023
1
a. Dependent Variable: Harga Saham
71
Lampiran 7
Uji Heteroskedastisitas
Scartterplot
Lampiran 8
Coefficientsa
Model
Unstandardized Coefficients
Standardized
T
Sig.
Coefficients
B
Std. Error
Beta
(Constant)
51.434
86.553
.594 .555
ROA
16.095
8.471
.242
1.900 .063
ROE
21.455
5.953
.458
3.604 .001
DER
-11.155
10.892
-.104
-1.024 .310
a. Dependent Variable: ABS_RES
72
Lampiran 9
Uji Autokorelasi
Durbin Watson
Hipotesis Nol
Keputusan
Jika
1. Tidak ada autokorelasi positif.
Tolak
0 < d < dl
2. Tidak ada autokorelasi positif.
Ragu - ragu
dl < d < du
3. Tidak ada autokorelasi negatif.
Tolak
4–dl < d < 4
4. Tidak ada autokorelasi negatif.
Ragu - ragu
4–du < d < 4–dl
5. Tidak ada autokorelasi, positif atau
Tidak ditolak
du < d < 4-du
negatif.
Lampiran 10
Durbin Watson
Model Summaryb
Model
1
R
R Square
a
.821
Adjusted R
Std. Error of the
Square
Estimate
.674
.657
669.210
Durbin-Watson
2.526
a. Predictors: (Constant), DER, ROE, ROA
b. Dependent Variable: Harga Saham
73
Lampiran 11
Pengujian Hipotesis
Model Regresi
Coefficientsa
Model
Unstandardized Coefficients
Standardized
T
Sig.
Coefficients
B
143.942
149.526
ROA
151.286
14.635
ROE
-39.541
DER
12.664
(Constant)
1
Std. Error
Beta
.963
.340
.997
10.338
.000
10.285
-.370
-3.845
.000
18.816
.052
.673
.504
a. Dependent Variable: Harga Saham
Lampiran 12
Uji Koefisien Determinasi (R2)
Range
0
0,01 – 0,24
0,25 – 0,49
0,50 – 0,74
0,75 – 0,99
1
Hubungan
Tidak ada korelasi
Sangat lemat
Cukup
Kuat
Sangat Kuat
Sempurna
Lampiran 13
Hasil pengujian Uji Koefisien Determinasi (R2)
Model Summaryb
Model
1
R
R Square
a
.821
Adjusted R
Std. Error of the
Square
Estimate
.674
.657
669.210
a. Predictors: (Constant), DER, ROE, ROA
b. Dependent Variable: Harga Saham
74
Lampiran 14
Uji Koefisien Regresi (Uji F)
ANOVAa
Model
1
Sum of Squares
df
Mean Square
Regression
51940240.224
3
17313413.408
Residual
25079116.359
56
447841.364
Total
77019356.583
59
F
Sig.
38.660
.000b
a. Dependent Variable: Harga Saham
b. Predictors: (Constant), DER, ROE, ROA
Lampiran 15
Uji T
Coefficientsa
Model
Unstandardized Coefficients
Standardized
T
Sig.
Coefficients
B
Std. Error
Beta
(Constant)
143.942
149.526
.963
.340
ROA
151.286
14.635
.997 10.338
.000
ROE
-39.541
10.285
-.370
-3.845
.000
DER
12.664
18.816
.052
.673
.504
1
a. Dependent Variable: Harga Saham
75