Analisis Pengaruh Pengumuman Bond Rating Terhadap Harga dan Volume Perdagangan Saham Sektor Perdagangan, Jasa dan Investasi

LAMPIRAN
Lampiran 1

No

1
2
3
4
5
6
7
8
9
10
11
12

Sampel Perusahaan yang Melakukan Bond Rating
Kode
Emiten

Tanggal
Pengumuman
IDKM
ASGR
MNCN
BUVA
LTLS
MPPA
SCMA
BMTR
INTA
MAPI
AKRA
PJAA

Indosiar Karya Media Tbk
Astra Graphia Tbk
Media Nusantara Citra Tbk
Bukit Uluwatu Villa Tbk
Lautan Luas

Matahari Putra Prima Tbk
Surya Citra Media Tbk
Global Mediacom Tbk
Intraco Penta Tbk
Mitra Adiperkasa Tbk
Akr Corporindo Tbk
Pembangunan Jaya Ancol

03 Juli 2008
25 Juli 2008
23 Oktober 2009
07 November 2011
15 Februari 2012
14 Maret 2012
05 April 2012
05 Juli 2012
03 Agustus 2012
13 November 2012
19 November 2012
26 November 2012


Peringkat
Bond
Rating
BB+
A
A
BBB+
AA+
A+
A+
A
AAAAA-

Lampiran 2
Harga dan Volume Perdagangan Saham Sektor Perdagangan, Jasa dan
Investasi Sebelum dan Sesudah Pengumuman Bond Rating
IDKM
Harga Saham
Volume Perdagangan Saham

No.
1
2
3
4
5
6
7
8
9
10
11
12

Sebelum
70.00
75.00
77.00
69.00
71.00

72.00
80.00
70.00
63.00
73.00
72.00
74.00

Sesudah
70.00
62.00
67.00
68.00
67.00
61.00
59.00
61.00
60.00
61.00
61.00

57.00

Sebelum
0
250
70
0
237,5
0
5
0
0
12,5
0
5

Sesudah
257,5
0
75

1,190,000
300
0
0
290
0
1,140,000
300
0

60
Universitas Sumatera Utara

13
14
15
16
17
18
19

20

76.00
77.00
76.00
75.00
74.00
77.00
77.00
76.00

66.00
66.00
61.00
67.00
63.00
67.00
68.00
68.00


645
775
0
0
0
1,250,000
900
500

37,5
2,5
0
1,100,000
1,525,000
502,5
50
43,25

ASGR
Harga Saham

No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

20

Sebelum
450.00
440.00
435.00
420.00
425.00
430.00
440.00
445.00
460.00
455.00
445.00
450.00
445.00
455.00
460.00
455.00
480.00
500.00
500.00
510.00

Volume Perdagangan Saham

Sesudah
295.00
310.00
350.00
355.00
375.00
390.00
390.00
410.00
415.00
420.00
415.00
415.00
420.00
420.00
415.00
415.00
415.00
415.00
405.00
410.00

Sebelum
886,5
310,5
656,5
189
673,5
310
286,5
284,5
593,5
1,323,000
943
594
687,5
543
262,5
1,459,000
107
265
287
293

Sesudah
1,822,500
624,5
239
466
69,5
194
328,5
362,5
445
246
14
122
545,5
248,5
81,5
5
75,5
457
326
384,5

61
Universitas Sumatera Utara

MNCN
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Sebelum
235.00
235.00
250.00
255.00
265.00
265.00
270.00
270.00
270.00
265.00
270.00
265.00
275.00
270.00
280.00
280.00
280.00
280.00
280.00

Volume Perdagangan Saham

Sesudah
225.00
225.00
230.00
235.00
196.00
196.00
200.00
200.00
215.00
210.00
205.00
215.00
205.00
205.00
210.00
205.00
198.00
210.00
220.00
225.00

Sebelum
25,883,500
10,571,000
8,569,000
18,746,000
1,486,500
9,868,500
4,101,500
4,189,500
2,900,500
1,486,000
3,641,000
7,187,500
1,198,500
2,762,000
4,704,500
12,492,500
2,201,500
23,196,000
21,176,000

Sesudah
24,911,000
17,134,000
54,961,500
95,065,000
2,529,500
6,962,500
25,019,000
2,267,000
3,465,500
4,337,000
2,236,000
9,198,000
7,187,000
3,493,500
16,329,000
7,962,000
8,816,500
27,769,000
4,251,000
5,200,00

BUVA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10

Sebelum
415.00
415.00
415.00
415.00
420.00
430.00
410.00
420.00
425.00
400.00

Volume Perdagangan Saham

Sesudah
395.00
395.00
395.00
400.00
395.00
395.00
390.00
390.00
395.00
385.00

Sebelum
1,397,500
529,5
1,290,500
172,5
2,984,500
4,496,500
570
190
1,150,500
25

Sesudah
184,5
0
282,5
246,5
141
658,5
181
103
200,5
485

62
Universitas Sumatera Utara

11
12
13
14
15
16
17
18
19
20

405.00
410.00
410.00
410.00
400.00
410.00
400.00
390.00
380.00
385.00

390.00
400.00
405.00
400.00
405.00
405.00
400.00
415.00
415.00
405.00

92,5
3,071,000
1,802,000
3
24,5
70
36,5
179
6,5
3,5

189
167
266
364,5
836
252,5
343
1,174,500
784,5
3,5

LTLS
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Sebelum
880.00
880.00
880.00
890.00
890.00
880.00
890.00
890.00
900.00
910.00
910.00
920.00
940.00
940.00
1,000.00
1,040.00
930.00
930.00
920.00
920.00

Volume Perdagangan Saham

Sesudah
860.00
860.00
860.00
850.00
850.00
850.00
860.00
870.00
850.00
870.00
870.00
850.00
870.00
890.00
910.00
930.00
890.00
890.00
880.00
880.00

Sebelum
327
175,5
146,5
589
1,361,500
2,477,000
584
1,374,500
905,5
772,5
862
1,232,500
1,259,000
1,667,500
14,309,500
112,265,500
79,071,000
0
1,289,500
2,023,000

Sesudah
230,5
948,5
90
307,5
878
766
358
633,5
474
263
319,5
195,5
469,5
883
2,077,000
4,223,000
406,5
342,5
601,5
543,5

63
Universitas Sumatera Utara

MPPA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Sebelum
1,760.00
1,760.00
1,760.00
1,760.00
1,770.00
1,780.00
1,780.00
1,780.00
1,800.00
1,780.00
1,760.00
1,670.00
1,700.00
1,780.00
1,780.00
1,800.00
1,790.00
1,860.00
1,870.00
1,880.00

Volume Perdagangan Saham

Sesudah
1,660.00
1,640.00
1,680.00
1,730.00
1,730.00
1,810.00
1,810.00
1,860.00
1,820.00
1,820.00
1,890.00
1,890.00
1,910.00
1,880.00
1,870.00
1,810.00
1,810.00
1,780.00
1,830.00
1,870.00

Sebelum
8,177,000
0
4,886,500
3,223,000
8,660,500
6,119,000
6,043,000
9,156,500
5,015,000
21,788,500
77,587,500
14,221,500
15,667,500
0
4,031,500
20,936,500
15,018,500
6,393,500
18,162,000
8,445,000

Sesudah
2,079,500
4,692,000
2,773,000
1,339,000
7,398,000
1,454,000
1,454,000
2,903,500
0
6,721,000
1,754,500
1,881,500
5,759,000
6,126,500
25,547,500
5,491,000
8,297,500
6,433,000
11,350,500
7,533,000

SCMA
Harga Saham
No.
1
2
3
4
5
6
7

Sebelum
1,650.00
1,680.00
1,680.00
1,610.00
1,700.00
1,720.00
1,720.00

Volume Perdagangan Saham

Sesudah
1,680.00
1,680.00
1,700.00
1,700.00
1,680.00
1,680.00
1,680.00

Sebelum
30
0
20
2,792,500
6,562,500
22,5
365

Sesudah
5,882,500
5
197,5
1,337,500
480
1,007,500
10

64
Universitas Sumatera Utara

8
9
10
11
12
13
14
15
16
17
18
19
20

1,720.00
1,710.00
1,710.00
1,710.00
1,720.00
1,740.00
1,760.00
1,730.00
1,730.00
1,710.00
1,710.00
1,760.00
1,740.00

1,640.00
1,640.00
1,650.00
1,650.00
1,630.00
1,620.00
1,600.00
1,630.00
1,630.00
1,630.00
1,640.00
1,640.00
1,630.00

112,5
0
135
175
327,5
490
420
305
262,5
125
172,5
365
94,5

637,5
2,267,500
47,5
210
1,080,000
225
492,5
12,5
12,5
77,5
12,5
0
65,5

BMTR
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Sebelum
1,650.00
1,600.00
1,540.00
1,520.00
1,480.00
1,510.00
1,480.00
1,480.00
1,480.00
1,490.00
1,510.00
1,510.00
1,430.00
1,330.00
1,320.00
1,360.00
1,290.00
1,300.00
1,280.00
1,490.00

Volume Perdagangan Saham

Sesudah
1,750.00
1,740.00
1,740.00
1,730.00
1,740.00
1,750.00
1,740.00
1,730.00
1,740.00
1,700.00
1,690.00
1,650.00
1,640.00
1,600.00
1,560.00
1,520.00
1,510.00
1,560.00
1,650.00
1,700.00

Sebelum
19,661,000
27,631,500
30,875,000
18,059,500
17,561,000
20,474,500
8,799,500
9,061,000
6,447,500
22,166,000
38,756,500
49,269,500
50,360,000
11,211,000
46,598,500
45,329,500
12,312,000
29,976,000
17,436,500
22,166,000

Sesudah
12,674,500
20,984,500
18,887,000
16,767,500
10,589,500
13,711,500
26,299,500
24,637,500
32,894,000
26,179,000
44,963,000
20,439,000
25,868,500
26,419,500
38,221,500
23,954,500
18,343,500
24,149,500
18,799,000
26,179,000

65
Universitas Sumatera Utara

INTA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Sebelum
680.00
690.00
700.00
710.00
710.00
690.00
700.00
700.00
700.00
720.00
730.00
730.00
730.00
700.00
710.00
720.00
730.00
740.00
730.00
700.00

Volume Perdagangan Saham

Sesudah
600.00
610.00
630.00
640.00
640.00
640.00
640.00
640.00
640.00
640.00
640.00
640.00
660.00
650.00
660.00
670.00
680.00
670.00
680.00
650.00

Sebelum
6,498,500
7,339,500
12,663,000
3,117,000
3,818,500
2,648,500
1,344,000
9,422,500
4,538,500
5,147,500
6,571,500
13,232,000
26,034,500
4,950,500
5,824,000
6,243,500
4,971,000
10,844,500
4,245,500
4,950,500

Sesudah
5,813,500
8,361,000
11,057,000
3,049,000
6,112,500
3,855,500
0
0
0
0
4,529,000
5,910,500
2,300,000
9,233,000
4,530,000
7,605,000
12,262,000
6,021,000
8,707,000
9,233,000

MAPI
Harga Saham
No.
1
2
3
4

Sebelum
6,600.00
6,500.00
6,500.00
6,350.00

Volume Perdagangan Saham

Sesudah
6,700.00
6,850.00
7,000.00
7,100.00

Sebelum
3,362,000
1,445,500
8,257,500
11,044,000

Sesudah
4,147,500
2,626,500
1,720,000
1,770,500

66
Universitas Sumatera Utara

5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

6,150.00
6,050.00
6,250.00
6,400.00
6,550.00
6,600.00
6,600.00
6,600.00
6,600.00
6,700.00
6,600.00
6,650.00
6,700.00
6,850.00
6,850.00
6,400.00

7,250.00
7,200.00
7,150.00
7,100.00
7,000.00
6,850.00
7,000.00
7,050.00
6,850.00
6,800.00
6,800.00
6,800.00
6,600.00
6,550.00
6,550.00
7,100.00

7,377,000
6,845,500
9,825,500
3,756,500
1,218,500
2,239,000
448
0
2,450,000
1,236,500
2,577,000
4,186,500
1,577,000
4,768,000
2,815,500
3,756,500

2,393,500
3,602,000
3,661,000
1,927,500
2,436,000
1,175,000
3,767,000
4,512,500
3,197,000
1,567,000
2,965,500
7,540,000
3,399,000
0
3,443,500
1,927,500

AKRA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

Sebelum
4,625.00
4,625.00
4,675.00
4,625.00
4,550.00
4,450.00
4,450.00
4,350.00
4,325.00
4,350.00
4,400.00
4,450.00
4,475.00
4,475.00
4,450.00
4,450.00
4,450.00
4,475.00

Volume Perdagangan Saham

Sesudah
4,000.00
4,175.00
4,275.00
4,175.00
4,200.00
4,175.00
4,200.00
4,175.00
4,200.00
4,175.00
4,300.00
4,300.00
4,250.00
4,375.00
4,375.00
4,350.00
4,400.00
4,350.00

Sebelum
0
8,543,500
11,105,500
17,175,500
9,094,500
4,254,000
13,734,500
8,258,500
6,559,500
7,418,500
10,709,500
6,107,500
5,771,500
9,512,500
0
10,107,500
12,074,500
9,919,500

Sesudah
3,950.67
4,123.51
4,222.27
4,123.51
4,148.20
4,123.51
4,148.20
4,123.51
4,148.20
4,123.51
4,246.97
4,246.97
4,197.58
4,321.04
4,321.04
4,296.35
4,345.73
4,296.35

67
Universitas Sumatera Utara

19
20

4,475.00
4,475.00

4,425.00
4,250.00

6,231,000
5,771,500

4,370.42
4,197.58

PJAA
Harga Saham
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Sebelum
870.00
860.00
840.00
870.00
870.00
870.00
870.00
870.00
880.00
860.00
850.00
860.00
870.00
870.00
880.00
880.00
880.00
880.00
880.00
880.00

Volume Perdagangan Saham

Sesudah
840.00
840.00
830.00
850.00
840.00
850.00
850.00
850.00
860.00
850.00
850.00
850.00
850.00
850.00
850.00
850.00
870.00
870.00
880.00
850.00

Sebelum
78
107,5
31
10,5
14,5
0
137,5
27
3,5
12
2
16,5
8,5
3,5
60,5
206
45
117
6,5
60,5

Sesudah
7,5
8
172
32,5
81,5
26
13,5
201
26
40
46
56,5
125,5
190
82
39
395
73,5
1,421,000
82

68
Universitas Sumatera Utara

Lampiran 3
Hasil Analisis Regresi
Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Volume Perdagangan Saham
Sektor Perdagangan
Model Summaryb
Model

Change Statistics
R Square
Change

1

F Change

.260

df1

df2

13.007

1

Sig. F Change
37

Durbin-Watson

.001

.705

b. Dependent Variable: Bond Rating Sektor Perdagangan
ANOVAb
Model
1

Sum of Squares

Df

Mean Square

Regression

107.079

1

107.079

Residual

304.588

37

8.232

Total

411.667

38

F
13.007

Sig.
.001a

a. Predictors: (Constant), Volume Perdagangan
b. Dependent Variable: Bond Rating Sektor Perdagangan

69
Universitas Sumatera Utara

Coefficientsa
Model

Standardized
Unstandardized Coefficients
B

1

Coefficients

Std. Error

(Constant)

.976

.799

Volume Perdagangan

.007

.002

Beta

t

.510

Sig.

1.222

.229

3.607

.001

a. Dependent Variable: Bond Rating Sektor Perdagangan

Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Harga Saham Sektor Perdagangan
Model Summaryb
Model
R
1

.426a

R Square
.182

Adjusted R

Std. Error of the

Square

Estimate
.160

3.01616

a. Predictors: (Constant), Harga Saham Sektor Perdagangan
b. Dependent Variable: Bond Rating Sektor Perdagangan

70
Universitas Sumatera Utara

Model Summaryb
Model

Change Statistics
R Square
Change

1

.182

F Change
8.443

df1

df2
1

Sig. F Change
38

Durbin-Watson

.006

.349

b. Dependent Variable: Bond Rating Sektor Perdagangan
ANOVAb
Model
1

Sum of Squares
Regression

df

Mean Square

F

76.805

1

76.805

Residual

345.695

38

9.097

Total

422.500

39

8.443

Sig.
.006a

a. Predictors: (Constant), Harga Saham Sektor Perdagangan
b. Dependent Variable: Bond Rating Sektor Perdagangan

71
Universitas Sumatera Utara

Coefficientsa
Model

Unstandardized

Standardized

Coefficients

Coefficients

B
1

(Constant)
Harga Saham

Std. Error

43.154
-.009

Beta

13.742
.003

t

Sig.

3.140
-.426

-2.906

.003
.006

Sektor
Perdagangan
a. Dependent Variable: Bond Rating Sektor Perdagangan

Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Volume Perdagangan Saham
Sektor Jasa
Model Summaryb
Model
R
1

.759a

R Square

Adjusted R

Std. Error of the

Square

Estimate

.577

.566

1.80241

a. Predictors: (Constant), Volume Jasa
b. Dependent Variable: Bond rating Sektor Jasa

72
Universitas Sumatera Utara

Model Summaryb
Model

Change Statistics
R Square
Change

1

.577

F Change

df1

df2

51.760

1

Sig. F Change
38

Durbin-Watson

.000

.946

b. Dependent Variable: Bond rating Sektor Jasa
ANOVAb
Model
1

Sum of Squares

Df

Mean Square

F

Regression

168.151

1

168.151

Residual

123.449

38

3.249

Total

291.600

39

Sig.

51.760

.000a

T

Sig.

a. Predictors: (Constant), Volume Jasa
b. Dependent Variable: Bond rating Sektor Jasa

Coefficientsa
Model

Standardized
Unstandardized Coefficients
B

1

(Constant)
Volume Jasa

Std. Error
1.142

.358

2.953E-7

.000

Coefficients
Beta

.759

3.190

.003

7.194

.000

a. Dependent Variable: Bond rating Sektor Jasa

73
Universitas Sumatera Utara

Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Harga Saham Sektor Jasa
Model Summaryb
Model
R

Std. Error of the

Square

Estimate

R Square

.924a

1

Adjusted R

.854

.850

1.05772

a. Predictors: (Constant), Harga Saham Sektor Jasa
b. Dependent Variable: Bond rating Sektor Jasa

Model Summaryb
Model

Change Statistics
R Square
Change

1

.854

F Change

df1

222.642

df2
1

Sig. F Change
38

.000

Durbin-Watson
.576

b. Dependent Variable: Bond rating Sektor Jasa

74
Universitas Sumatera Utara

ANOVAb
Model
1

Sum of Squares
Regression
Residual
Total

df

Mean Square

F

249.087

1

249.087

42.513

38

1.119

291.600

39

Sig.

222.642

.000a

a. Predictors: (Constant), Harga Saham Sektor Jasa
b. Dependent Variable: Bond rating Sektor Jasa

Coefficientsa
Model

Standardized
Unstandardized Coefficients
B

1

(Constant)
Harga Saham

Std. Error

-43.415

.358

.102

.000

Coefficients
Beta

t

.924

Sig.

-14.027

.000

14.921

.000

Sektor Jasa
a.

Dependent Variable: Bond rating Sektor Jasa

75
Universitas Sumatera Utara

Coefficientsa
Model

Standardized
Unstandardized Coefficients
B

1

(Constant)

Std. Error

Beta

-43.415

.358

.102

.000

Harga Saham

Coefficients
t

.924

Sig.

-14.027

.000

14.921

.000

Sektor Jasa

Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Volume Perdagangan Saham
Sektor Investasi
Model Summaryb
Model
R
1

.537a

R Square

Adjusted R

Std. Error of the

Square

Estimate

.288

.267

2.51887

a. Predictors: (Constant), Volume Investasi
b. Dependent Variable: Bond Rating Sektor Investasi

Model Summaryb
Model

Change Statistics
R Square
Change

F Change

df1

df2

Sig. F Change

Durbin-Watson

76
Universitas Sumatera Utara

1

.288

13.365

1

33

.001

.361

b. Dependent Variable: Bond Rating Sektor Investasi

ANOVAb
Model
1

Sum of Squares
Regression

df

Mean Square

F

84.796

1

84.796

Residual

209.376

33

6.345

Total

294.171

34

Sig.

13.365

.001a

a. Predictors: (Constant), Volume Investasi
b. Dependent Variable: Bond Rating Sektor Investasi

Coefficientsa
Model

Standardized
Unstandardized Coefficients
B

1

(Constant)
Volume Investasi

Std. Error

50.752

12.858

-.011

.003

Coefficients
Beta

t

-.537

Sig.

3.947

.000

-3.656

.001

a. Dependent Variable: Bond Rating Sektor Investasi
Model Summaryb

77
Universitas Sumatera Utara

Model
R

Std. Error of the

Square

Estimate

R Square

.926a

1

Adjusted R

.858

.854

1.12396

a. Predictors: (Constant), Harga Saham Sektor Investasi
b. Dependent Variable: Bond Rating Sektor Investasi

Hasil Analisis Regresi Pengumuman Bond Rating Terhadap Harga Saham Sektor Investasi
Model Summaryb
Model

Change Statistics
R Square
Change

1

.858

F Change
199.863

df1

df2
1

Sig. F Change
33

.000

Durbin-Watson
1.351

b. Dependent Variable: Bond Rating Sektor Investasi
ANOVAb

78
Universitas Sumatera Utara

Model
1

Sum of Squares
Regression

Mean Square

F

252.483

1

252.483

41.688

33

1.263

294.171

34

Residual
Total

df

Sig.

199.863

.000a

a. Predictors: (Constant), Harga Saham Sektor Investasi
b. Dependent Variable: Bond Rating Sektor Investasi

Coefficientsa
Model

Standardized
Unstandardized Coefficients
B

1

(Constant)
Harga Saham

Std. Error
5.686

.233

-3.671E-6

.000

Coefficients
Beta

t

-.926

Sig.

24.371

.000

-14.137

.000

Sektor Investasi
a. Dependent Variable: Bond Rating Sektor Investasi

79
Universitas Sumatera Utara