Inflasi Suku bunga Kurs

  LAMPIRAN

LAMPIRAN Lampiran 1

  Data variabel penelitian Return

NPI Inflasi Suku bunga Kurs

  Indeks

Januari-09 -0.474588207 -0.0300 -0.2152 0.0370 -0.0721

Februari-09 0.515735549 0.2800 -0.0571 0.0550 0.0086

Maret-09 0.865320762 0.0100 -0.0606 -0.0338 0.0298

April-09 -0.31340165 -0.5300 -0.0323 -0.0745 0.1261

Mei-09 -0.179707551 0.3500 -0.0333 -0.0348 0.1662

Juni-09 -0.121483314 0.0700 -0.0345 -0.0111 0.1054

Juli-09 -0.445200246 0.3400 -0.0357 -0.0298 0.1049

Agustus-09 -0.164328741 0.1100 -0.0370 0.0141 -0.0126

September-09 0.4894932 0.4900 0.0000 -0.0377 0.0308

Oktober-09 1.486577571 -0.8600 0.0000 -0.0140 -0.0543

November-09 -0.851841727 -0.2200 0.0000 -0.0068 -0.0672

Desember-09 1.087479255 0.3600 0.0000 -0.0084 0.0220

Januari-10 2.105408182 0.5100 0.0000 -0.0037 0.0456

Februari-10 -0.437097153 -0.5400 0.0000 -0.0032 -0.0212

Maret-10 0.133413455 -0.4400 0.0000 -0.0236 0.1075

April-10 -1.002265362 0.2900 0.0000 -0.0113 0.0946

Mei-10 1.839316067 0.1400 0.0000 0.0186 -0.1517

Juni-10 -2.068661757 0.6800 0.0000 -0.0106 0.0575

Juli-10 -0.709076612 0.6000 0.0000 -0.0144 0.0298

Agustus-10 1.693934536 -0.8100 0.0000 0.0099 0.0157

September-10 0.972529467 -0.3200 0.0000 -0.0129 0.1309

  

Mei-11 1.795556626 0.4300 0.0000 -0.0043 0.0047

Juni-11 -0.146764901 0.4300 0.0000 0.0070 -0.0093

Juli-11 -2.10360621 0.1200 0.0000 -0.0104 0.1205

Agustus-11 2.361260007 0.2600 0.0000 0.0082 -0.0138

September-11 -1.198163103 -0.6600 0.0000 0.0286 -0.1019

Oktober-11 -0.949928384 -0.3900 -0.0370 0.0014 0.0448

November-11 0.417202275 0.4600 -0.0769 0.0379 -0.0543

Desember-11 -1.239443096 0.2300 0.0000 -0.0111 0.1270

Januari-12 0.413327042 0.1900 0.0000 -0.0075 0.0345

Februari-12 -0.186792407 -0.7100 -0.0417 0.0094 0.0647

Maret-12 0.097198826 0.0200 0.0000 0.0105 0.1032

April-12 -1.690541702 0.1400 0.0000 0.0011 0.1199

Mei-12 0.557494973 -0.1400 0.0000 0.0408 -0.1086

Juni-12 -1.078874055 0.5500 0.0000 -0.0089 -0.0089

Juli-12 1.022208841 0.0800 0.0000 0.0005 0.0495

Agustus-12 0.496986559 0.2500 0.0000 0.0079 -0.0349

September-12 0.316426673 -0.9400 0.0000 0.0029 0.1124

Oktober-12 -2.433446893 0.1500 0.0000 0.0028 0.0322

November-12 1.265790192 -0.0900 0.0000 -0.0010 0.0375

Desember-12 0.430067553 0.4700 0.0000 0.0068 -0.0181

LAMPIRAN 2

  Daftar perusahaan property & real estate yang listing di Bursa Efek Indonesia periode tahun 2009

• – 2012.

Nama Emiten Kode Emiten Sektor

  Alam Sutera Realty Tbk ASRI Property & Real Estate Bakrieland Development ELTY Property & Real Estate Bekasi Asri Pemula Tbk BAPA

  & Real Estate Bhuwanatala Indah Permai Tbk BIPP Property & Real Estate Bukit Darmo Property Tbk BKDP Property & Real Estate Bumi Serpong Damai Tbk BSDE Property & Real Estate

Property

  Ciputra Development Tbk CTRA Property & Real Estate Ciputra Property Tbk CTRP Property & Real Estate Ciputra Surya Tbk CTRS Property & Real Estate Cowell Development Tbk COWL Property & Real Estate

  Danayasa Arthatama Tbk SCBD Property & Real Estate Duta Anggada Realty Tbk DART Property & Real Estate Duta Pertiwi Tbk DUTI Property & Real Estate Fortune Mate Indonesia FMII Property & Real Estate

  Global Land Development Tbk KPIG Property & Real Estate

Gowa Makassar Tourism Development Tbk GMTD Property & Real Estate

Indonesia Prima Property Tbk MORE Property & Real Estate Intiland Development Tbk DILD Property & Real Estate

  Jaya Real Property Tbk JRPT Property & Real Estate

Jakarta International Hotel & Dev. Tbk JIHD Property & Real Estate

Kawasan Industri Jababeka Tbk KIJA Property & Real Estate Laguna Cipta Griya Tbk LCGP Property & Real Estate

  Lamicitra Nusantara Tbk LAMI Property & Real Estate Lippo Cikarang Tbk LPCK Property & Real Estate Lippo Karawaci Tbk LPKR Property & Real Estate

LAMPIRAN 3 Analisis Descriptive Statistics

  Tabel statistik deskriptif dengan data perubahan Descriptive Statistics

  N Minimum Maximum Mean Std. Deviation NPI 48 -2.4334 2.3613 .035542 1.1251212 Inflasi 48 -.9400 .6800 .012083 .4352987 Suku bunga 48 -.2152 .0385 -.012975 .0362182 Kurs 48 -.0745 .0550 -.002350 .0219214 Return Indeks 48 -.1517 .1662 .026815 .0728956 Valid N (listwise)

  48 Tabel statistik deskriptif dengan data mentah asli

  Descriptive Statistics

  N Minimum Maximum Mean Std. Deviation NPI 48 -1883888645 3683218194

  1.38E9 1.266E9 Inflasi 48 -.3200 1.5700 .363333 .4085018 Suku bunga

  48

  5.75 8.75 6.5000 .63581

LAMPIRAN 4 Uji Asumsi Klasik Uji Normalitas – Kolmogorov – Smirnov Test One-Sample Kolmogorov-Smirnov Test

  Unstandardized Residual

  N

  48

  a,,b

  Normal Parameters Mean .0000000 Std. Deviation .05870703

  Most Extreme Differences Absolute .048 Positive .041 Negative -.048

  Kolmogorov-Smirnov Z .335 Asymp. Sig. (2-tailed) 1.000 a. Test distribution is Normal.

  b. Calculated from data.

Uji Multikolinearitas Variables Entered/Removed

  Variables Variables Model Entered Removed Method

  1 Kurs, Inflasi, NPI, . Enter

  

Model Summary

  47

  Collinearity Statistics B Std. Error Beta Tolerance

  Coefficients t Sig.

  Coefficients Standardized

  Model Unstandardized

  

Coefficients

a

  b. Dependent Variable: Return Indeks

  a. Predictors: (Constant), Kurs, Inflasi, NPI, Suku bunga

  Residual .162 43 .004 Total .250

  Model R R Square Adjusted R

  a

  1 Regression .088 4 .022 5.824 .001

  ANOVA b Model Sum of Squares df Mean Square F Sig.

  a. Predictors: (Constant), Kurs, Inflasi, NPI, Suku bunga

  .351 .291 .0613769

  a

  Estimate 1 .593

  Square Std. Error of the

  VIF 1 (Constant) .022 .010 2.249 .030 NPI -.011 .008 -.162 -1.311 .197 .983 1.017 Inflasi .003 .021 .016 .133 .895 .993 1.007 Suku bunga -.080 .258 -.040 -.310 .758 .914 1.094 Kurs -1.882 .428 -.566 -4.396 .000 .910 1.099

  Coefficient Correlations a

  Model Kurs Inflasi NPI Suku bunga

  1 Correlations Kurs 1.000 -.052 -.107 .283 Inflasi -.052 1.000 .048 .030 NPI -.107 .048 1.000 -.088 Suku bunga .283 .030 -.088 1.000

  Covariances Kurs .183 .000 .000 .031 Inflasi .000 .000 8.020E-6 .000 NPI .000 8.020E-6 6.442E-5 .000 Suku bunga .031 .000 .000 .067

  a. Dependent Variable: Return Indeks

  

Collinearity Diagnostics

a

  Model Dimension Eigenvalue Condition Index Variance Proportions

  (Constant) NPI Inflasi Suku bunga Kurs

  1 1 1.378 1.000 .21 .00 .03 .31 .06 2 1.120 1.110 .18 .09 .02 .00 .51 3 1.045 1.149 .04 .51 .39 .00 .00 4 .935 1.214 .03 .34 .57 .04 .06 5 .522 1.625 .54 .06 .00 .64 .37

  a. Dependent Variable: Return Indeks

Uji Heteroskedastisitas

  

Variables Entered/Removed

  Variables Variables Model Entered Removed Method

  1 Kurs, Inflasi, NPI, . Enter

  a

  Suku bunga a. All requested variables entered.

  

Model Summary

  Adjusted R Std. Error of the Model R R Square Square Estimate

  a

  1 .391 .153 .074 .03326

  a. Predictors: (Constant), Kurs, Inflasi, NPI, Suku bunga

  b

ANOVA

Model Sum of Squares df Mean Square F Sig. a

  1 Regression .009 4 .002 1.936 .122 Residual .048 43 .001 Total .056

  47

  a. Predictors: (Constant), Kurs, Inflasi, NPI, Suku bunga

  a

Coefficients

  Unstandardized Standardized Coefficients Coefficients Collinearity Statistics

  Model B Std. Error Beta t Sig. Tolerance

  VIF 1 (Constant) .049 .005 9.349 .000 NPI -.004 .004 -.145 -1.022 .313 .983 1.017 Inflasi -.028 .011 -.356 -2.530 .015 .993 1.007 Suku bunga .072 .140 .075 .512 .611 .914 1.094 Kurs .201 .232 .127 .865 .392 .910 1.099

  a. Dependent Variable: Absut

  a

Coefficient Correlations

  Model Kurs Inflasi NPI Suku bunga

  1 Correlations Kurs 1.000 -.052 -.107 .283 Inflasi -.052 1.000 .048 .030 NPI -.107 .048 1.000 -.088 Suku bunga .283 .030 -.088 1.000

  Covariances Kurs .054 .000 .000 .009 Inflasi .000 .000 2.355E-6 4.640E-5 NPI .000 2.355E-6 1.892E-5 -5.347E-5 Suku bunga .009 4.640E-5 -5.347E-5 .020

  a. Dependent Variable: Absut

  

Collinearity Diagnostics

a

  Model Dimension Eigenval ue

  Condition Index

  Variance Proportions (Constant) NPI Inflasi Suku bunga Kurs

  1 1 1.378 1.000 .21 .00 .03 .31 .06 2 1.120 1.110 .18 .09 .02 .00 .51 3 1.045 1.149 .04 .51 .39 .00 .00 4 .935 1.214 .03 .34 .57 .04 .06 5 .522 1.625 .54 .06 .00 .64 .37

  a. Dependent Variable: Absut

Uji Autokorelasi

  Model Variables

  Entered Variables Removed Method

  1 Kurs, Inflasi, NPI, Suku bunga

  

Variables Entered/Removed

  . Enter a. All requested variables entered.

  

Model Summary

b

  Model R R Square Adjusted R

  Square Std. Error of the

  Estimate Durbin-Watson 1 .593

  a

  .351 .291 .0613769 1.742

  a. Predictors: (Constant), Kurs, Inflasi, NPI, Suku bunga

  a

  

ANOVA

b Model Sum of Squares df Mean Square F Sig.

  1 Regression .088 4 .022 5.824 .001

  a

  Residual .162 43 .004 Total .250

  47

  a. Predictors: (Constant), Kurs, Inflasi, NPI, Suku bunga

  b. Dependent Variable: Return Indeks

  

Coefficients

a

  Model Unstandardized

  Coefficients Standardized

  Coefficients t Sig.

  Collinearity Statistics B Std. Error Beta Tolerance

  VIF 1 (Constant) .022 .010 2.249 .030 NPI -.011 .008 -.162 -1.311 .197 .983 1.017 Inflasi .003 .021 .016 .133 .895 .993 1.007 Suku bunga -.080 .258 -.040 -.310 .758 .914 1.094 Kurs -1.882 .428 -.566 -4.396 .000 .910 1.099

  a. Dependent Variable: Return Indeks

  a

Coefficient Correlations

  Model Kurs Inflasi NPI Suku bunga

  1 Correlations Kurs 1.000 -.052 -.107 .283 Inflasi -.052 1.000 .048 .030 NPI -.107 .048 1.000 -.088 Suku bunga .283 .030 -.088 1.000

  Covariances Kurs .183 .000 .000 .031 Inflasi .000 .000 8.020E-6 .000 NPI .000 8.020E-6 6.442E-5 .000 Suku bunga .031 .000 .000 .067

  a. Dependent Variable: Return Indeks

  a

Collinearity Diagnostics

  Variance Proportions Condition

  Model Dimension Eigenvalue Index (Constant) NPI Inflasi Suku bunga Kurs

  1 1 1.378 1.000 .21 .00 .03 .31 .06 2 1.120 1.110 .18 .09 .02 .00 .51 3 1.045 1.149 .04 .51 .39 .00 .00 4 .935 1.214 .03 .34 .57 .04 .06 5 .522 1.625 .54 .06 .00 .64 .37

  a. Dependent Variable: Return Indeks

  a Residuals Statistics

  Minimum Maximum Mean Std. Deviation N Predicted Value -.081905 .166341 .026815 .0432117

  48 Residual -.1422797 .1022374 .0000000 .0587070

  48 Std. Predicted Value -2.516 3.229 .000 1.000

  48 Std. Residual -2.318 1.666 .000 .957

  48

  a. Dependent Variable: Return Indeks

Lampiran 5 Uji Regresi Variables Entered/Removed

  Variables Variables Model Entered Removed Method

  1 Kurs, Inflasi, NPI, . Enter

  a

  Suku bunga a. All requested variables entered.

Uji Koefisien Determinasi (R²) b Model Summary

  Adjusted R Std. Error of the Model R R Square Square Estimate

  a

  1 .593 .351 .291 .0613769

Uji F

  

ANOVA

b Model Sum of Squares df Mean Square F Sig.

  1 Regression .088 4 .022 5.824 .001

  a

  Residual .162 43 .004 Total .250

  47

  a. Predictors: (Constant), Kurs, Inflasi, NPI, Suku bunga

  b. Dependent Variable: Return Indeks

Uji t

  

Coefficients

a

  Model Unstandardized

  Coefficients Standardized

  Coefficients t Sig. B Std. Error Beta 1 (Constant) .022 .010 2.249 .030

  NPI -.011 .008 -.162 -1.311 .197 Inflasi .003 .021 .016 .133 .895 Suku bunga -.080 .258 -.040 -.310 .758 Kurs -1.882 .428 -.566 -4.396 .000

  a. Dependent Variable: Return Indeks