c. Hasil Estimasi REM
Tabel. 4.16 Dependent Variable: ROE
Dependent Variable: ROE Method: Panel EGLS Cross-section random effects
Date: 053016 Time: 19:48 Sample: 2011Q1 2015Q4
Periods included: 20 Cross-sections included: 6
Total panel balanced observations: 120 Swamy and Arora estimator of component variances
Variable Coefficient
Std. Error t-Statistic
Prob. C
40.89495 4.540715
9.006278 0.0000
CAR -1.420662
0.342656 -4.146027
0.0001 NPF
-0.449336 0.142542
-3.152296 0.0021
FDR 0.120993
0.745207 0.162361
0.8713 BOPO
-7.799757 0.697004
-11.19041 0.0000
Effects Specification S.D.
Rho Cross-section random
0.284673 0.2233
Idiosyncratic random 0.530903
0.7767 Weighted Statistics
R-squared 0.714757 Mean dependent var
0.896346 Adjusted R-squared
0.704836 S.D. dependent var 0.987366
S.E. of regression 0.536426 Sum squared resid
33.09164 F-statistic
72.04127 Durbin-Watson stat 1.139608
ProbF-statistic 0.000000
Unweighted Statistics R-squared
0.726790 Mean dependent var 2.328832
Sum squared resid 44.83554 Durbin-Watson stat
0.841107
5. Uji Pemilihan Model Regresi Panel Variabel Dependen ROE
Untuk membandingan model mana yang terbaik antara ke tiga model di atas maka kita dapat mengujinya dengan tiga cara, yaitu: Uji Chow, Uji Hausman
dan Uji Langrange Multiplier LM.
1. Uji Chow
Uji Chow dilakukan untuk membandingkan model mana yang terbaik antara CE dan FE. Pada tabel uji chow,
Hopotesis: 3. Ho : Common Effect Model
4. H1 : Fixed Effect Model Dasar pengambilan keputusan:
Jika nilai cross section F. 0.05 maka H1 diterima dan Ho ditolak Jika nilai cross section F. 0.05 maka Ho diterima dan H1 ditolak
Jika F statistik F hitung F tabel maka H1 diterima dan Ho ditolak
Jika F statistik F hitung F tabel maka Ho diterima dan H1 ditolak
Uji Chow Tabel. 4.17 Dependent Variable: ROE
Redundant Fixed Effects Tests Equation: Untitled
Test cross-section fixed effects Effects Test
Statistic d.f.
Prob. Cross-section F
9.040006 5,110
0.0000 Cross-section Chi-square
41.308133 5
0.0000 Cross-section fixed effects test equation:
Dependent Variable: ROE Method: Panel Least Squares
Date: 053016 Time: 19:49 Sample: 2011Q1 2015Q4
Periods included: 20 Cross-sections included: 6
Total panel balanced observations: 120
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