LAMPIRAN 1 DATA ROE, ROI, NPM, OPM, EPS DAN RETURN TAHUN 2001 - 2004 PENGARUH INFORMASI PROFITABILITAS TERHADAP RETURN SAHAM PERUSAHAAN KEUANGAN GO PUBLIC DI BURSA EFEK JAKARTA.
LAMPIRAN 1
DATA ROE, ROI, NPM, OPM, EPS DAN RETURN TAHUN 2001 - 2004
no
Nama Emiten
1
2
3
4
PT.Bank Buana Ind Tbk
PT.Bank Central Asia Tbk
PT.Bank Danamon Tbk
PT.Bank Eksekutif Internasional Tbk
5
PT.Bank Internasional Indonesia Tbk
6
7
8
9
10
11
13
PT.Bank Lippo Tbk
PT.Bank Mega Tbk
PT.Bank Negara Indonesia( Persero ) Tbk
PT.Bank Niaga Tbk
PT.Bank NISP Tbk
PT.Bank Pan Indonesia Tbk
PT.BFI Finance Indonesia Tbk ( a/n PT Bunas Finance
Indonesia Tbk )
PT.Clipan Finance Indonesia Tbk
14
PT.Sinar Mas Multiartha Tbk
15
PT.Siwani Trimitra Tbk ( a/n PT.Maharani Inti Finance Tbk )
16
17
12
ROE
2002
2003
19.73
13.18
22.09
18.94
20.38
22.42
12.21
29.64
ROI
2004
14.91
22.95
30
7
2001
2.12
3.02
1.37
-0.82
2002
1.89
2.17
2.02
0.74
2003
1.55
1.79
2.9
2.28
2004
1.73
2.14
4.3
0.8
2001
25.26
31.92
17.33
-13.36
187.83
9.68
6.43
25.8
16.45
15
0.06
22.22
16.99
32.19
-13.43
0.36
0.89
2.28
-25.14
22.15
30.47
9.56
10.36
2.88
-34.97
26.39
8.27
23.66
16.63
12.52
38.6
26.58
24.39
27.94
21.03
20.53
1.14
0.23
1.36
0.87
1.01
0.03
-2.03
1.45
2
0.62
0.86
0.63
-1.95
1.92
0.63
1.97
1.15
2.38
3.2
1.73
2.3
2.14
1.64
3.88
-77.91
16.73
16.06
2.23
52.18
8.82
8.72
1.62
2.67
186.93
2.85
10.67
13.51
2.48
2.4
6.73
6.33
33.16
28.4
20.73
-34.82
9.86
16.11
12.23
132.56
-3.98
-15.83
-19.81
-92.45
-5.57
3.86
6.84
5.37
4.02
6.3
0.05
3.75
-4.59
2.42
-92.38
16.52
17.47
-26.43
-11.72
3.43
18.4
19.76
8.52
9.59
6.29
8.17
-12.45
-65.21
PT.Asia kapitalindo Securities Tbk
PT.Bhakti Investama Tbk
7.93
9.13
18
PT.Lippo Securities Tbk
83.58
19
PT.Panin Sekuritas Tbk
11.03
4.3
10.07
104.15
13.96
209.35
0.05
6
20
21
22
23
24
25
26
PT.Trimegah Securities Tbk
PT.Asuransi Bintang Tbk
PT.Asuransi Dayin Mitra Tbk
PT.Asuransi Harta Aman Pratama Tbk
PT.Maskapai Reasuransi Indonesia ( Marein ) Tbk
PT.Panin Insurance Tbk
PT.Panin Life Tbk
11.02
12.57
10.24
9.77
12.41
1.62
0.35
3.15
14.88
11.76
9.82
12.61
5.84
3.7
14.13
6.88
9.88
14.09
25.36
15.28
12.67
19.51
2.49
8.99
8.25
5.63
16.95
19.94
8.43
4.8
5.03
7.22
4.53
0.96
0.26
2.25
5.83
6.11
6.79
3.95
3.37
2.7
8.72
2.8
5.02
10.07
8.9
8.77
8.91
7.37
1.17
3.89
5.71
1.86
7.96
12.95
2001
0.15
0.22
0.09
0
0
0.09
0.02
0.11
0.07
0.09
0
0.18
0.14
0
0
0.48
0.38
1.57
0.71
0.26
0.08
0.14
0.23
0.27
0.07
0.02
NPM
2002
0.13
0.17
0.13
0.04
0.04
0
0.09
0.15
0.04
0.08
0.03
0.43
0.14
0.18
0
0.35
0.79
0
0.63
0.07
0.09
0.17
0.12
0.06
0.14
0.12
2003
0.13
0.18
0.2
0.12
0.08
0
0.16
0.05
0.16
0.11
0.16
0.36
0.46
0.31
0
0.01
0.71
0
0.49
0.23
0.04
0.15
0.14
0.12
0.23
0.24
2004
0.18
0.24
0.03
0.1
0.2
38.7
0.18
0.21
0.22
0.18
0.32
0.06
0.43
0.25
0
0
0.37
63.11
0.46
0.25
0.02
0.12
0.08
0.02
0.2
0.29
2001
0.2
0.22
0.08
0
0
0.11
0.03
0.11
0.01
0.12
0
0
0.17
0
0
0.52
0.68
0.69
0.49
0.28
0.08
0.17
0.21
0.44
0.08
0.04
OPM
2002
0.19
0.22
0.13
0.1
0.02
0
0.13
0.15
0.01
0.12
0.04
0.61
0.18
0.13
0
0.23
0.61
0
0.59
0.12
0.07
0.17
0.09
0.07
0.13
0.1
EPS
2003
0.19
0.23
0.18
0.17
0.07
0.19
0.23
0.05
0.12
0.13
0.2
0.54
0.62
0.33
0
0
0.45
0.47
0.65
0.27
0.02
0.15
0.13
0.15
0.22
0.22
2004
0.25
0.34
0.03
0.18
0.2
18.3
0.27
0.21
0.21
0.23
0.43
0.51
0.59
0.24
0
0
0.53
0.7
0.74
0.39
0
0.1
0.05
0.05
0.24
0.27
2001
96
1049
2
-80
-79
8
38
12
134
118
1
1115
15
-194
-13
13
20
15
60
7
108
190
337
105
12
1
2002
84
422
193
17
5
-129.5
192
17.81
1.79
23
7
122
8
42
-42
7
31
15.2
39
2
141
59
173
45
22
3
2003
44
390
312
55
6
-131.61
283
62.41
6.94
43
31
144
34
64
-44
0.08
13
-7.83
59
10
67
53
23
113
73
14
2004
57
260
493
16
17
227.71
345
236.25
8.42
71
58
23
48
61
-85
-6.71
12
3.24
68
16
24
50
8
19
103
29
2001
282.27
2122.6
1000.78
8.71
-50.39
31.9
859.09
329.4
151.92
255.97
98.18
1406.51
107.59
-25.56
-184
14.48
80.14
90.58
230.05
36.61
340.32
353.03
541.82
282.91
211.24
48.28
return
2002
2003
564.41 1128.69
4245.03 8489.88
2001.43 4002.66
17.38
34.64
-100.82 -201.72
63.8
127.6
1718.09 3436.02
658.65 1317.25
303.8
607.44
511.86 1023.61
196.33
392.5
2812.59 5624.82
215.04
429.62
-51.3 -102.91
-368
-736
28.61
57.21
159.49
318.27
181.16
362.32
459.47
918.45
73.15
146.07
680.55 1361.06
705.89 1411.63
1083.52
2166.9
565.76
1131.4
422.34
844.45
96.44
192.64
2004
2257.2
16979.52
8005.29
69.18
-403.64
216.5
6871.86
2634.29
1214.66
2047.04
784.68
11249.58
858.81
-206.07
-1472
114.42
636.17
661.53
1836.44
291.89
2722.1
2823.14
4333.72
2262.78
1688.7
384.99
LAMPIRAN 2
DATA HARGA SAHAM 2001
Closing Price Tahun 2001
BULAN JANUARI - DESEMBER
EMITEN
PT.Bank Buana Ind Tbk
PT.Bank Central Asia Tbk
PT.Bank Danamon Tbk
PT.Bank Eksekutif Internasional Tbk
PT.Bank Internasional Indonesia Tbk
PT.Bank Lippo Tbk
PT.Bank Mega Tbk
PT.Bank Negara Indonesia( Persero ) Tbk
PT.Bank Niaga Tbk
PT.Bank NISP Tbk
PT.Bank Pan Indonesia Tbk
PT.BFI Finance Indonesia Tbk ( a/n PT Bunas Finance Indonesia Tbk )
PT.Clipan Finance Indonesia Tbk
PT.Sinar Mas Multiartha Tbk
PT.Siwani Trimitra Tbk ( a/n PT.Maharani Inti Finance Tbk )
PT.Asia kapitalindo Securities Tbk
PT.Bhakti Investama Tbk
PT.Lippo Securities Tbk
PT.Panin Sekuritas Tbk
PT.Trimegah Securities Tbk
PT.Asuransi Bintang Tbk
PT.Asuransi Dayin Mitra Tbk
PT.Asuransi Harta Aman Pratama Tbk
PT.Maskapai Reasuransi Indonesia ( Marein ) Tbk
PT.Panin Insurance Tbk
PT.Panin Life Tbk
1
2
3
4
5
6
7
8
9
700
1,650
55
35
55
1,150
80
65
250
150
285
250
475
170
320
95
305
230
395
390
1,300
315
160
175
700
1,725
35
25
50
1,125
80
60
225
145
225
235
385
145
430
70
285
235
345
375
1,200
290
130
160
650
1,775
35
25
40
1,200
80
65
180
100
125
180
255
100
420
60
245
225
325
360
1,250
155
95
125
675
1,650
30
25
40
1,200
70
60
185
165
120
170
185
85
330
50
225
230
335
300
1,100
175
115
100
700
1,000
35
30
40
1,175
75
60
215
225
175
170
125
85
325
60
230
225
360
385
1,500
185
130
145
700
1,000
40
25
45
1,175
85
65
230
240
140
195
200
100
320
60
310
245
405
380
2,025
175
185
175
675
1,175
675
25
55
975
140
80
235
240
130
175
185
145
270
320
75
325
250
500
365
2,025
180
170
170
675
1,150
600
25
45
975
130
75
200
235
245
170
180
150
270
300
75
265
290
440
345
1,800
185
165
160
675
1,375
525
30
40
925
90
65
195
215
210
140
160
110
270
280
60
215
295
320
285
1,800
150
125
130
10
625
1,275
380
20
35
900
100
50
180
185
180
120
135
55
390
255
45
200
185
350
240
1,800
1,700
125
100
11
675
1,475
290
25
35
875
100
60
190
190
160
115
130
50
525
285
45
265
175
350
325
1,800
140
130
105
12
925
1,475
280
25
30
850
90
60
210
185
170
110
185
45
495
285
40
295
170
410
325
2,000
135
115
105
DATA HARGA SAHAM 2002
Closing Price Tahun 2002
BULAN JANUARI - DESEMBER
EMITEN
PT.Bank Buana Ind Tbk
PT.Bank Central Asia Tbk
PT.Bank Danamon Tbk
PT.Bank Eksekutif Internasional Tbk
PT.Bank Internasional Indonesia Tbk
PT.Bank Lippo Tbk
PT.Bank Mega Tbk
PT.Bank Negara Indonesia( Persero ) Tbk
PT.Bank Niaga Tbk
PT.Bank NISP Tbk
PT.Bank Pan Indonesia Tbk
PT.BFI Finance Indonesia Tbk ( a/n PT Bunas Finance Indonesia Tbk )
PT.Clipan Finance Indonesia Tbk
PT.Sinar Mas Multiartha Tbk
PT.Siwani Trimitra Tbk ( a/n PT.Maharani Inti Finance Tbk )
PT.Asia kapitalindo Securities Tbk
PT.Bhakti Investama Tbk
PT.Lippo Securities Tbk
PT.Panin Sekuritas Tbk
PT.Trimegah Securities Tbk
PT.Asuransi Bintang Tbk
PT.Asuransi Dayin Mitra Tbk
PT.Asuransi Harta Aman Pratama Tbk
PT.Maskapai Reasuransi Indonesia ( Marein ) Tbk
PT.Panin Insurance Tbk
PT.Panin Life Tbk
1
2
875
1,950
275
140
20
45
850
105
55
220
255
130
140
165
55
475
295
40
230
150
400
270
2,000
140
135
110
900
1950
365
140
25
60
850
110
105
225
265
150
125
140
45
485
290
50
230
135
375
265
2,000
130
130
110
3
1,225
2,575
525
140
25
70
925
175
135
305
460
235
160
155
45
470
330
50
240
125
400
295
2,000
145
160
140
4
1,025
2,650
500
35
30
70
925
185
105
365
525
295
210
195
45
440
400
50
290
115
425
380
2,000
165
260
485
5
1,025
2,775
460
135
15
70
850
160
75
415
575
360
210
160
45
440
425
45
285
80
450
225
1,500
165
230
445
6
1,100
2,600
415
110
120
65
1,025
155
60
420
575
400
210
195
45
425
410
45
290
70
425
205
2,000
175
225
425
7
1,050
2,250
355
100
100
50
1,050
115
35
415
475
325
155
195
35
410
385
35
270
60
350
155
2,000
115
180
385
8
1,050
2,250
350
115
75
55
1,050
120
35
430
480
400
160
100
30
400
380
25
250
55
375
180
1,800
120
195
350
9
950
2,225
330
115
45
50
1,050
110
30
420
175
320
125
55
25
400
355
25
115
60
340
140
2,000
110
165
300
10
900
1,850
345
100
40
45
1,450
100
35
340
170
320
120
70
20
400
360
20
110
55
325
135
2,000
105
145
195
11
1,275
2,075
370
80
50
35
1,025
100
35
340
170
405
130
70
25
395
335
20
120
55
325
110
2,000
120
155
195
12
700
2,500
350
90
50
260
1,000
110
35
400
180
350
130
55
25
405
385
20
120
90
300
145
2,675
130
155
200
DATA HARGA SAHAM 2003
Closing Price Tahun 2003
BULAN JANUARI - DESEMBER
EMITEN
PT.Bank Buana Ind Tbk
PT.Bank Central Asia Tbk
PT.Bank Danamon Tbk
PT.Bank Eksekutif Internasional Tbk
PT.Bank Internasional Indonesia Tbk
PT.Bank Lippo Tbk
PT.Bank Mega Tbk
PT.Bank Negara Indonesia( Persero ) Tbk
PT.Bank Niaga Tbk
PT.Bank NISP Tbk
PT.Bank Pan Indonesia Tbk
PT.BFI Finance Indonesia Tbk ( a/n PT Bunas Finance Indonesia Tbk )
PT.Clipan Finance Indonesia Tbk
PT.Sinar Mas Multiartha Tbk
PT.Siwani Trimitra Tbk ( a/n PT.Maharani Inti Finance Tbk )
PT.Asia kapitalindo Securities Tbk
PT.Bhakti Investama Tbk
PT.Lippo Securities Tbk
PT.Panin Sekuritas Tbk
PT.Trimegah Securities Tbk
PT.Asuransi Bintang Tbk
PT.Asuransi Dayin Mitra Tbk
PT.Asuransi Harta Aman Pratama Tbk
PT.Maskapai Reasuransi Indonesia ( Marein ) Tbk
PT.Panin Insurance Tbk
PT.Panin Life Tbk
1
2
3
4
5
6
7
8
9
675
2,250
800
75
45
215
1,000
95
35
425
170
390
110
35
20
395
335
15
140
60
285
120
2,675
105
140
185
650
2,475
1,025
90
55
370
1,025
100
30
215
170
375
115
35
20
390
315
20
125
55
290
125
3,375
100
140
150
675
2,200
1,350
85
55
450
1,050
95
25
190
165
350
115
350
20
390
350
15
135
50
285
125
3,375
115
135
150
625
2,425
1,400
85
80
450
1,075
100
35
205
235
300
170
500
20
390
355
25
165
55
370
170
3,750
125
225
220
575
2,650
1,275
105
110
525
1,050
135
40
215
250
350
210
725
25
390
335
25
185
75
350
165
3,550
175
195
300
550
2,875
1,575
95
95
495
1,100
195
40
235
310
375
215
650
25
395
315
30
200
65
370
155
3,200
200
135
405
575
2,775
1,425
95
90
480
1,075
160
40
240
295
550
160
255
25
395
315
25
225
70
325
195
3,250
185
150
115
650
2,925
1,475
95
95
525
1,050
145
35
265
280
625
215
260
50
395
355
30
250
80
335
225
4,075
220
235
145
700
3,375
1,750
90
115
500
1,050
140
30
320
315
750
255
250
40
395
340
30
270
75
355
225
315
295
235
150
10
525
3,525
1,825
95
100
465
1,000
110
35
345
280
825
255
310
40
305
320
25
280
90
400
215
260
400
280
130
11
525
3,300
1,775
90
100
500
1,000
105
30
340
270
750
230
320
30
270
340
25
270
80
370
225
240
400
330
165
12
550
3,325
2,025
95
110
450
1,150
1,300
35
365
285
1,000
280
345
35
270
350
25
305
95
370
230
260
340
340
155
DATA HARGA SAHAM 2004
Closing Price Tahun 2004
BULAN JANUARI - DESEMBER
EMITEN
PT.Bank Buana Ind Tbk
PT.Bank Central Asia Tbk
PT.Bank Danamon Tbk
PT.Bank Eksekutif Internasional Tbk
PT.Bank Internasional Indonesia Tbk
PT.Bank Lippo Tbk
PT.Bank Mega Tbk
PT.Bank Negara Indonesia( Persero ) Tbk
PT.Bank Niaga Tbk
PT.Bank NISP Tbk
PT.Bank Pan Indonesia Tbk
PT.BFI Finance Indonesia Tbk ( a/n PT Bunas Finance Indonesia Tbk )
PT.Clipan Finance Indonesia Tbk
PT.Sinar Mas Multiartha Tbk
PT.Siwani Trimitra Tbk ( a/n PT.Maharani Inti Finance Tbk )
PT.Asia kapitalindo Securities Tbk
PT.Bhakti Investama Tbk
PT.Lippo Securities Tbk
PT.Panin Sekuritas Tbk
PT.Trimegah Securities Tbk
PT.Asuransi Bintang Tbk
PT.Asuransi Dayin Mitra Tbk
PT.Asuransi Harta Aman Pratama Tbk
PT.Maskapai Reasuransi Indonesia ( Marein ) Tbk
PT.Panin Insurance Tbk
PT.Panin Life Tbk
1
2
3
4
5
6
7
8
9
550
3,850
2,275
95
110
550
1,150
1,275
35
380
345
1,425
400
365
40
270
410
35
310
140
400
260
305
375
390
185
500
3,650
2,775
95
110
675
1,150
1,250
30
410
350
1,400
440
385
40
270
400
35
400
195
365
260
275
350
370
170
550
3,650
2,775
100
105
575
1,300
1,150
30
480
345
1,275
335
365
35
270
375
30
335
150
380
250
255
355
310
140
625
3,900
3,275
130
145
625
1,700
1,300
40
525
360
1,075
355
365
30
270
340
30
360
150
365
260
220
400
320
130
675
3,675
2,975
115
135
550
1,450
1,125
325
500
290
900
300
325
30
270
285
25
325
130
325
245
210
400
250
95
600
1,875
2,825
120
145
495
1,300
1,075
300
480
260
800
250
280
30
270
270
25
310
120
375
270
70
275
190
90
625
1,875
3,200
120
155
525
1,200
1,075
310
490
275
775
275
395
30
270
255
25
315
140
395
270
70
270
205
100
625
1,800
3,350
115
160
500
1,275
1,125
300
525
265
850
285
355
30
270
270
30
295
130
370
255
65
275
225
105
625
2,000
3,725
140
160
550
1,500
1,300
330
550
310
950
360
380
50
270
285
35
290
165
370
260
75
300
285
125
10
650
2,400
3,575
145
160
575
1,825
1,350
350
650
355
1,100
365
395
55
270
290
25
295
160
380
275
90
245
290
130
11
725
2,750
4,400
180
180
650
1,725
1,625
460
700
410
1,175
415
410
55
270
270
30
315
185
380
280
100
280
335
155
12
825
2,975
4,375
145
185
700
1,950
1,675
460
775
420
1,200
400
405
60
270
260
25
320
165
475
295
115
290
320
145
Lampiran 3
DATA REGRESI
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
36
37
38
39
40
41
42
43
44
45
46
roe
25.26
31.92
17.33
-13.36
-187.83
9.68
6.43
25.8
16.45
15
0.06
-77.91
2.67
-186.93
-12.45
7.93
9.13
83.58
11.03
11.02
12.57
10.24
9.77
12.41
1.62
0.35
19.73
22.09
20.38
12.21
22.22
-25.14
22.15
30.47
9.56
10.36
2.88
16.73
2.85
33.16
-65.21
4.3
10.07
-104.15
13.96
3.15
roi
2.12
3.02
1.37
-0.82
-13.43
1.14
0.23
1.36
0.87
1.01
0.03
52.18
2.48
-34.82
-3.98
6.84
5.37
17.47
8.52
8.43
4.8
5.03
7.22
4.53
0.96
0.26
1.89
2.17
2.02
0.74
0.36
-2.03
1.45
2
0.62
0.86
0.63
8.82
2.4
9.86
-15.83
4.02
6.3
-26.43
9.59
2.25
npm
0.15
0.22
0.09
0
0
0.09
0.02
0.11
0.07
0.09
0
0.18
0.14
0
0
0.48
0.38
1.57
0.71
0.26
0.08
0.14
0.23
0.27
0.07
0.02
0.13
0.17
0.13
0.04
0.04
0
0.09
0.15
0.04
0.08
0.03
0.43
0.14
0.18
0
0.35
0.79
0
0.63
0.07
opm
0.2
0.22
0.08
0
0
0.11
0.03
0.11
0.01
0.12
0
0
0.17
0
0
0.52
0.68
0.69
0.49
0.28
0.08
0.17
0.21
0.44
0.08
0.04
0.19
0.22
0.13
0.1
0.02
0
0.13
0.15
0.01
0.12
0.04
0.61
0.18
0.13
0
0.23
0.61
0
0.59
0.12
eps
96
1049
2
-80
-79
8
38
12
134
118
1
1115
15
-194
-13
13
20
15
60
7
108
190
337
105
12
1
84
422
193
17
5
-129.5
192
17.81
1.79
23
7
122
8
42
-42
7
31
15.2
39
2
return
0.345
0.044
14.894
0.000
-0.136
-0.504
-0.281
0.359
0.017
-0.109
0.492
0.042
-0.738
-0.509
-0.904
0.733
-0.025
-0.684
0.126
-0.189
0.153
-0.047
0.558
8.834
-0.121
-0.303
0.072
0.346
0.388
1.776
6.272
6.313
0.301
0.240
0.094
0.711
0.243
1.280
0.080
-0.626
-0.664
-0.155
0.314
-0.558
-0.383
-0.266
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
14.88
11.76
9.82
12.61
5.84
3.7
13.18
18.94
22.42
29.64
16.99
-34.97
26.39
8.27
23.66
16.63
12.52
16.06
10.67
28.4
-209.35
0.05
6
-92.38
18.4
14.13
6.88
9.88
14.09
25.36
15.28
12.67
14.91
22.95
30
7
32.19
38.6
26.58
24.39
27.94
21.03
20.53
2.23
13.51
20.73
132.56
-5.57
3.86
16.52
19.76
5.83
6.11
6.79
3.95
3.37
2.7
1.55
1.79
2.9
2.28
0.89
-1.95
1.92
0.63
1.97
1.15
2.38
8.72
6.73
16.11
-19.81
0.05
3.75
-11.72
6.29
8.72
2.8
5.02
10.07
8.9
8.77
8.91
1.73
2.14
4.3
0.8
2.28
3.2
1.73
2.3
2.14
1.64
3.88
1.62
6.33
12.23
-92.45
-4.59
2.42
3.43
8.17
0.09
0.17
0.12
0.06
0.14
0.12
0.13
0.18
0.2
0.12
0.08
0
0.16
0.05
0.16
0.11
0.16
0.36
0.46
0.31
0
0.01
0.71
0
0.49
0.23
0.04
0.15
0.14
0.12
0.23
0.24
0.18
0.24
0.03
0.1
0.2
38.7
0.18
0.21
0.22
0.18
0.32
0.06
0.43
0.25
0
0
0.37
63.11
0.46
0.07
0.17
0.09
0.07
0.13
0.1
0.19
0.23
0.18
0.17
0.07
0.19
0.23
0.05
0.12
0.13
0.2
0.54
0.62
0.33
0
0
0.45
0.47
0.65
0.27
0.02
0.15
0.13
0.15
0.22
0.22
0.25
0.34
0.03
0.18
0.2
18.3
0.27
0.21
0.21
0.23
0.43
0.51
0.59
0.24
0
0
0.53
0.7
0.74
141
59
173
45
22
3
44
390
312
55
6
-131.61
283
62.41
6.94
43
31
144
34
64
-44
0.08
13
-7.83
59
10
67
53
23
113
73
14
57
260
493
16
17
227.71
345
236.25
8.42
71
58
23
48
61
-85
-6.71
12
3.24
68
-0.249
-0.322
0.432
0.041
0.359
1.957
-0.146
0.430
1.064
0.290
1.098
0.968
0.154
11.663
0.156
0.081
0.633
1.136
1.176
9.499
0.967
-0.342
0.067
0.817
0.844
0.590
0.322
0.748
-0.601
1.393
1.268
0.646
0.449
-0.032
0.734
0.539
0.595
0.312
0.642
0.327
7.715
0.762
0.261
-0.107
0.114
0.200
0.590
0.000
-0.424
-0.195
0.096
98
99
100
101
102
103
104
19.51
2.49
8.99
8.25
5.63
16.95
19.94
7.37
1.17
3.89
5.71
1.86
7.96
12.95
0.25
0.02
0.12
0.08
0.02
0.2
0.29
0.39
0
0.1
0.05
0.05
0.24
0.27
16
24
50
8
19
103
29
0.334
0.225
0.139
-0.477
-0.152
-0.069
-0.131
LAMPIRAN 4
HASIL ANALISIS DATA
Uji Normalitas Data Sebelum Trnsformasi Ke Logaritma Normal
NPar Tests
One-Sample Kolmogorov-Smirnov Test
N
Normal Parameters a,b
Most Extreme
Differences
Mean
Std. Deviation
Absolute
Positive
Negative
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
Unstandardiz
ed Residual
104
.0000000
2.44334817
.333
.333
-.227
3.393
.000
a. Test distribution is Normal.
b. Calculated from data.
Uji Normalitas Data Setelah Transformasi Data
NPar Tests
One-Sample Kolmogorov-Smirnov Test
N
Normal Parameters a,b
Most Extreme
Differences
Mean
Std. Deviation
Absolute
Positive
Negative
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
b. Calculated from data.
Unstandardiz
ed Residual
88
.0000000
1.25979722
.062
.062
-.039
.584
.885
UJI MULTIKOLINEARITAS
Regression
Variables Entered/Removedb
Model
1
Variables
Entered
LNEPS,
LNNPM,
LNROI,
LNROE,a
LNOPM
Variables
Removed
Method
.
Enter
a. All requested variables entered.
b. Dependent Variable: LNRETURN
Model Summary
Model
1
R
.319a
R Square
.102
Adjusted
R Square
.047
Std. Error of
the Estimate
1.29764
a. Predictors: (Constant), LNEPS, LNNPM, LNROI,
LNROE, LNOPM
ANOVAb
Model
1
Regression
Residual
Total
Sum of
Squares
15.693
138.077
153.770
df
5
82
87
Mean Square
3.139
1.684
F
1.864
Sig.
.110a
a. Predictors: (Constant), LNEPS, LNNPM, LNROI, LNROE, LNOPM
b. Dependent Variable: LNRETURN
Coefficientsa
Model
1
Unstandardized
Coefficients
B
Std. Error
(Constant)
-1.474
.654
LNROE
1.293
.502
LNROI
2.175E-02
.181
LNNPM
-.357
.222
LNOPM
.297
.249
LNEPS
-.306
.117
a. Dependent Variable: LNRETURN
Standardized
Coefficients
Beta
.339
.015
-.326
.238
-.333
t
-2.254
2.579
.120
-1.607
1.194
-2.621
Sig.
.027
.012
.905
.112
.236
.010
Collinearity Statistics
Tolerance
VIF
.632
.671
.266
.275
.679
1.582
1.490
3.765
3.634
1.474
Coefficient Correlationsa
Model
1
Correlations
Covariances
LNEPS
LNNPM
LNROI
LNROE
LNOPM
LNEPS
LNNPM
LNROI
LNROE
LNOPM
LNEPS
1.000
.306
-.099
-.500
-.272
1.366E-02
7.947E-03
-2.10E-03
-2.93E-02
-7.92E-03
LNNPM
.306
1.000
-.127
-.332
-.784
7.947E-03
4.934E-02
-5.12E-03
-3.70E-02
-4.33E-02
LNROI
-.099
-.127
1.000
-.127
-.195
-2.10E-03
-5.12E-03
3.273E-02
-1.15E-02
-8.76E-03
LNROE
-.500
-.332
-.127
1.000
.221
-2.93E-02
-3.70E-02
-1.15E-02
.252
2.755E-02
LNOPM
-.272
-.784
-.195
.221
1.000
-7.92E-03
-4.33E-02
-8.76E-03
2.755E-02
6.191E-02
a. Dependent Variable: LNRETURN
Collinearity Diagnosticsa
Mo
del
1
Dim
ensi
on
1
2
3
4
5
6
Eigenvalue
4.917
.767
.168
7.925E-02
3.876E-02
2.999E-02
Condition
Index
1.000
2.531
5.415
7.877
11.262
12.805
a. Dependent Variable: LNRETURN
(Cons
tant)
.00
.00
.00
.04
.38
.57
LNROE
.00
.00
.05
.14
.00
.79
Variance Proportions
LNNP
LNROI
LNOPM
M
.01
.00
.00
.16
.03
.02
.73
.04
.03
.03
.23
.13
.06
.34
.73
.02
.35
.08
LNEPS
.00
.00
.14
.42
.31
.12
UJI HETEROKEDASTISITAS
Regression
Variables Entered/Removedb
Model
1
Variables
Entered
LNEPS,
LNNPM,
LNROI,
LNROE,a
LNOPM
Variables
Removed
Method
.
Enter
a. All requested variables entered.
b. Dependent Variable: ABSRES
Model Summary
Model
1
R
.147a
R Square
.022
Adjusted
R Square
-.038
Std. Error of
the Estimate
.81618
a. Predictors: (Constant), LNEPS, LNNPM, LNROI,
LNROE, LNOPM
ANOVAb
Model
1
Regression
Residual
Total
Sum of
Squares
1.214
54.624
55.839
df
5
82
87
Mean Square
.243
.666
F
.365
Sig.
.871a
a. Predictors: (Constant), LNEPS, LNNPM, LNROI, LNROE, LNOPM
b. Dependent Variable: ABSRES
Coefficientsa
Model
1
(Constant)
LNROE
LNROI
LNNPM
LNOPM
LNEPS
Unstandardized
Coefficients
B
Std. Error
.513
.411
.281
.315
3.825E-04
.114
-9.44E-02
.140
4.847E-03
.156
-3.78E-03
.074
a. Dependent Variable: ABSRES
Standardized
Coefficients
Beta
.122
.000
-.143
.006
-.007
t
1.247
.892
.003
-.676
.031
-.051
Sig.
.216
.375
.997
.501
.975
.959
UJI AUTOKORELASI
Regression
Variables Entered/Removedb
Model
1
Variables
Entered
LNEPS,
LNNPM,
LNROI,
LNROE,a
LNOPM
Variables
Removed
Method
.
Enter
a. All requested variables entered.
b. Dependent Variable: LNRETURN
Model Summaryb
Model
1
R
.319a
R Square
.102
Adjusted
R Square
.047
Std. Error of
the Estimate
1.29764
Durbin-W
atson
1.983
a. Predictors: (Constant), LNEPS, LNNPM, LNROI, LNROE, LNOPM
b. Dependent Variable: LNRETURN
ANOVAb
Model
1
Regression
Residual
Total
Sum of
Squares
15.693
138.077
153.770
df
5
82
87
Mean Square
3.139
1.684
F
1.864
Sig.
.110a
a. Predictors: (Constant), LNEPS, LNNPM, LNROI, LNROE, LNOPM
b. Dependent Variable: LNRETURN
Coefficientsa
Model
1
(Constant)
LNROE
LNROI
LNNPM
LNOPM
LNEPS
Unstandardized
Coefficients
B
Std. Error
-1.474
.654
1.293
.502
2.175E-02
.181
-.357
.222
.297
.249
-.306
.117
a. Dependent Variable: LNRETURN
Standardized
Coefficients
Beta
.339
.015
-.326
.238
-.333
t
-2.254
2.579
.120
-1.607
1.194
-2.621
Sig.
.027
.012
.905
.112
.236
.010
UJI REGRESI LINEAR BERGANDA
Regression
Variables Entered/Removedb
Model
1
Variables
Entered
LNEPS,
LNNPM,
LNROI,
LNROE,a
LNOPM
Variables
Removed
Method
.
Enter
a. All requested variables entered.
b. Dependent Variable: LNRETURN
Model Summary
Model
1
R
.319a
R Square
.102
Adjusted
R Square
.047
Std. Error of
the Estimate
1.29764
a. Predictors: (Constant), LNEPS, LNNPM, LNROI,
LNROE, LNOPM
ANOVAb
Model
1
Regression
Residual
Total
Sum of
Squares
15.693
138.077
153.770
df
5
82
87
Mean Square
3.139
1.684
F
1.864
Sig.
.110a
a. Predictors: (Constant), LNEPS, LNNPM, LNROI, LNROE, LNOPM
b. Dependent Variable: LNRETURN
Coefficientsa
Model
1
(Constant)
LNROE
LNROI
LNNPM
LNOPM
LNEPS
Unstandardized
Coefficients
B
Std. Error
-1.474
.654
1.293
.502
2.175E-02
.181
-.357
.222
.297
.249
-.306
.117
a. Dependent Variable: LNRETURN
Standardized
Coefficients
Beta
.339
.015
-.326
.238
-.333
t
-2.254
2.579
.120
-1.607
1.194
-2.621
Sig.
.027
.012
.905
.112
.236
.010
STATISTIK DESKRIPTIF
N
ROE
ROI
NPM
OPM
EPS
RETURN
Valid N (listwise)
104
104
104
104
104
104
104
Descriptive Statistics
Minimum
Maximum
Mean
Std. Deviation
-209.35
132.56
5.225384615
43.46680747
-92.45
52.18
1.9775
12.68059321
0
63.11
1.159807692
7.2062485
0
18.3
0.384423077
1.784657824
-194
1115
81.43461538
178.4092777
-0.9040261 14.89440385
0.840510517
2.463670072
DATA ROE, ROI, NPM, OPM, EPS DAN RETURN TAHUN 2001 - 2004
no
Nama Emiten
1
2
3
4
PT.Bank Buana Ind Tbk
PT.Bank Central Asia Tbk
PT.Bank Danamon Tbk
PT.Bank Eksekutif Internasional Tbk
5
PT.Bank Internasional Indonesia Tbk
6
7
8
9
10
11
13
PT.Bank Lippo Tbk
PT.Bank Mega Tbk
PT.Bank Negara Indonesia( Persero ) Tbk
PT.Bank Niaga Tbk
PT.Bank NISP Tbk
PT.Bank Pan Indonesia Tbk
PT.BFI Finance Indonesia Tbk ( a/n PT Bunas Finance
Indonesia Tbk )
PT.Clipan Finance Indonesia Tbk
14
PT.Sinar Mas Multiartha Tbk
15
PT.Siwani Trimitra Tbk ( a/n PT.Maharani Inti Finance Tbk )
16
17
12
ROE
2002
2003
19.73
13.18
22.09
18.94
20.38
22.42
12.21
29.64
ROI
2004
14.91
22.95
30
7
2001
2.12
3.02
1.37
-0.82
2002
1.89
2.17
2.02
0.74
2003
1.55
1.79
2.9
2.28
2004
1.73
2.14
4.3
0.8
2001
25.26
31.92
17.33
-13.36
187.83
9.68
6.43
25.8
16.45
15
0.06
22.22
16.99
32.19
-13.43
0.36
0.89
2.28
-25.14
22.15
30.47
9.56
10.36
2.88
-34.97
26.39
8.27
23.66
16.63
12.52
38.6
26.58
24.39
27.94
21.03
20.53
1.14
0.23
1.36
0.87
1.01
0.03
-2.03
1.45
2
0.62
0.86
0.63
-1.95
1.92
0.63
1.97
1.15
2.38
3.2
1.73
2.3
2.14
1.64
3.88
-77.91
16.73
16.06
2.23
52.18
8.82
8.72
1.62
2.67
186.93
2.85
10.67
13.51
2.48
2.4
6.73
6.33
33.16
28.4
20.73
-34.82
9.86
16.11
12.23
132.56
-3.98
-15.83
-19.81
-92.45
-5.57
3.86
6.84
5.37
4.02
6.3
0.05
3.75
-4.59
2.42
-92.38
16.52
17.47
-26.43
-11.72
3.43
18.4
19.76
8.52
9.59
6.29
8.17
-12.45
-65.21
PT.Asia kapitalindo Securities Tbk
PT.Bhakti Investama Tbk
7.93
9.13
18
PT.Lippo Securities Tbk
83.58
19
PT.Panin Sekuritas Tbk
11.03
4.3
10.07
104.15
13.96
209.35
0.05
6
20
21
22
23
24
25
26
PT.Trimegah Securities Tbk
PT.Asuransi Bintang Tbk
PT.Asuransi Dayin Mitra Tbk
PT.Asuransi Harta Aman Pratama Tbk
PT.Maskapai Reasuransi Indonesia ( Marein ) Tbk
PT.Panin Insurance Tbk
PT.Panin Life Tbk
11.02
12.57
10.24
9.77
12.41
1.62
0.35
3.15
14.88
11.76
9.82
12.61
5.84
3.7
14.13
6.88
9.88
14.09
25.36
15.28
12.67
19.51
2.49
8.99
8.25
5.63
16.95
19.94
8.43
4.8
5.03
7.22
4.53
0.96
0.26
2.25
5.83
6.11
6.79
3.95
3.37
2.7
8.72
2.8
5.02
10.07
8.9
8.77
8.91
7.37
1.17
3.89
5.71
1.86
7.96
12.95
2001
0.15
0.22
0.09
0
0
0.09
0.02
0.11
0.07
0.09
0
0.18
0.14
0
0
0.48
0.38
1.57
0.71
0.26
0.08
0.14
0.23
0.27
0.07
0.02
NPM
2002
0.13
0.17
0.13
0.04
0.04
0
0.09
0.15
0.04
0.08
0.03
0.43
0.14
0.18
0
0.35
0.79
0
0.63
0.07
0.09
0.17
0.12
0.06
0.14
0.12
2003
0.13
0.18
0.2
0.12
0.08
0
0.16
0.05
0.16
0.11
0.16
0.36
0.46
0.31
0
0.01
0.71
0
0.49
0.23
0.04
0.15
0.14
0.12
0.23
0.24
2004
0.18
0.24
0.03
0.1
0.2
38.7
0.18
0.21
0.22
0.18
0.32
0.06
0.43
0.25
0
0
0.37
63.11
0.46
0.25
0.02
0.12
0.08
0.02
0.2
0.29
2001
0.2
0.22
0.08
0
0
0.11
0.03
0.11
0.01
0.12
0
0
0.17
0
0
0.52
0.68
0.69
0.49
0.28
0.08
0.17
0.21
0.44
0.08
0.04
OPM
2002
0.19
0.22
0.13
0.1
0.02
0
0.13
0.15
0.01
0.12
0.04
0.61
0.18
0.13
0
0.23
0.61
0
0.59
0.12
0.07
0.17
0.09
0.07
0.13
0.1
EPS
2003
0.19
0.23
0.18
0.17
0.07
0.19
0.23
0.05
0.12
0.13
0.2
0.54
0.62
0.33
0
0
0.45
0.47
0.65
0.27
0.02
0.15
0.13
0.15
0.22
0.22
2004
0.25
0.34
0.03
0.18
0.2
18.3
0.27
0.21
0.21
0.23
0.43
0.51
0.59
0.24
0
0
0.53
0.7
0.74
0.39
0
0.1
0.05
0.05
0.24
0.27
2001
96
1049
2
-80
-79
8
38
12
134
118
1
1115
15
-194
-13
13
20
15
60
7
108
190
337
105
12
1
2002
84
422
193
17
5
-129.5
192
17.81
1.79
23
7
122
8
42
-42
7
31
15.2
39
2
141
59
173
45
22
3
2003
44
390
312
55
6
-131.61
283
62.41
6.94
43
31
144
34
64
-44
0.08
13
-7.83
59
10
67
53
23
113
73
14
2004
57
260
493
16
17
227.71
345
236.25
8.42
71
58
23
48
61
-85
-6.71
12
3.24
68
16
24
50
8
19
103
29
2001
282.27
2122.6
1000.78
8.71
-50.39
31.9
859.09
329.4
151.92
255.97
98.18
1406.51
107.59
-25.56
-184
14.48
80.14
90.58
230.05
36.61
340.32
353.03
541.82
282.91
211.24
48.28
return
2002
2003
564.41 1128.69
4245.03 8489.88
2001.43 4002.66
17.38
34.64
-100.82 -201.72
63.8
127.6
1718.09 3436.02
658.65 1317.25
303.8
607.44
511.86 1023.61
196.33
392.5
2812.59 5624.82
215.04
429.62
-51.3 -102.91
-368
-736
28.61
57.21
159.49
318.27
181.16
362.32
459.47
918.45
73.15
146.07
680.55 1361.06
705.89 1411.63
1083.52
2166.9
565.76
1131.4
422.34
844.45
96.44
192.64
2004
2257.2
16979.52
8005.29
69.18
-403.64
216.5
6871.86
2634.29
1214.66
2047.04
784.68
11249.58
858.81
-206.07
-1472
114.42
636.17
661.53
1836.44
291.89
2722.1
2823.14
4333.72
2262.78
1688.7
384.99
LAMPIRAN 2
DATA HARGA SAHAM 2001
Closing Price Tahun 2001
BULAN JANUARI - DESEMBER
EMITEN
PT.Bank Buana Ind Tbk
PT.Bank Central Asia Tbk
PT.Bank Danamon Tbk
PT.Bank Eksekutif Internasional Tbk
PT.Bank Internasional Indonesia Tbk
PT.Bank Lippo Tbk
PT.Bank Mega Tbk
PT.Bank Negara Indonesia( Persero ) Tbk
PT.Bank Niaga Tbk
PT.Bank NISP Tbk
PT.Bank Pan Indonesia Tbk
PT.BFI Finance Indonesia Tbk ( a/n PT Bunas Finance Indonesia Tbk )
PT.Clipan Finance Indonesia Tbk
PT.Sinar Mas Multiartha Tbk
PT.Siwani Trimitra Tbk ( a/n PT.Maharani Inti Finance Tbk )
PT.Asia kapitalindo Securities Tbk
PT.Bhakti Investama Tbk
PT.Lippo Securities Tbk
PT.Panin Sekuritas Tbk
PT.Trimegah Securities Tbk
PT.Asuransi Bintang Tbk
PT.Asuransi Dayin Mitra Tbk
PT.Asuransi Harta Aman Pratama Tbk
PT.Maskapai Reasuransi Indonesia ( Marein ) Tbk
PT.Panin Insurance Tbk
PT.Panin Life Tbk
1
2
3
4
5
6
7
8
9
700
1,650
55
35
55
1,150
80
65
250
150
285
250
475
170
320
95
305
230
395
390
1,300
315
160
175
700
1,725
35
25
50
1,125
80
60
225
145
225
235
385
145
430
70
285
235
345
375
1,200
290
130
160
650
1,775
35
25
40
1,200
80
65
180
100
125
180
255
100
420
60
245
225
325
360
1,250
155
95
125
675
1,650
30
25
40
1,200
70
60
185
165
120
170
185
85
330
50
225
230
335
300
1,100
175
115
100
700
1,000
35
30
40
1,175
75
60
215
225
175
170
125
85
325
60
230
225
360
385
1,500
185
130
145
700
1,000
40
25
45
1,175
85
65
230
240
140
195
200
100
320
60
310
245
405
380
2,025
175
185
175
675
1,175
675
25
55
975
140
80
235
240
130
175
185
145
270
320
75
325
250
500
365
2,025
180
170
170
675
1,150
600
25
45
975
130
75
200
235
245
170
180
150
270
300
75
265
290
440
345
1,800
185
165
160
675
1,375
525
30
40
925
90
65
195
215
210
140
160
110
270
280
60
215
295
320
285
1,800
150
125
130
10
625
1,275
380
20
35
900
100
50
180
185
180
120
135
55
390
255
45
200
185
350
240
1,800
1,700
125
100
11
675
1,475
290
25
35
875
100
60
190
190
160
115
130
50
525
285
45
265
175
350
325
1,800
140
130
105
12
925
1,475
280
25
30
850
90
60
210
185
170
110
185
45
495
285
40
295
170
410
325
2,000
135
115
105
DATA HARGA SAHAM 2002
Closing Price Tahun 2002
BULAN JANUARI - DESEMBER
EMITEN
PT.Bank Buana Ind Tbk
PT.Bank Central Asia Tbk
PT.Bank Danamon Tbk
PT.Bank Eksekutif Internasional Tbk
PT.Bank Internasional Indonesia Tbk
PT.Bank Lippo Tbk
PT.Bank Mega Tbk
PT.Bank Negara Indonesia( Persero ) Tbk
PT.Bank Niaga Tbk
PT.Bank NISP Tbk
PT.Bank Pan Indonesia Tbk
PT.BFI Finance Indonesia Tbk ( a/n PT Bunas Finance Indonesia Tbk )
PT.Clipan Finance Indonesia Tbk
PT.Sinar Mas Multiartha Tbk
PT.Siwani Trimitra Tbk ( a/n PT.Maharani Inti Finance Tbk )
PT.Asia kapitalindo Securities Tbk
PT.Bhakti Investama Tbk
PT.Lippo Securities Tbk
PT.Panin Sekuritas Tbk
PT.Trimegah Securities Tbk
PT.Asuransi Bintang Tbk
PT.Asuransi Dayin Mitra Tbk
PT.Asuransi Harta Aman Pratama Tbk
PT.Maskapai Reasuransi Indonesia ( Marein ) Tbk
PT.Panin Insurance Tbk
PT.Panin Life Tbk
1
2
875
1,950
275
140
20
45
850
105
55
220
255
130
140
165
55
475
295
40
230
150
400
270
2,000
140
135
110
900
1950
365
140
25
60
850
110
105
225
265
150
125
140
45
485
290
50
230
135
375
265
2,000
130
130
110
3
1,225
2,575
525
140
25
70
925
175
135
305
460
235
160
155
45
470
330
50
240
125
400
295
2,000
145
160
140
4
1,025
2,650
500
35
30
70
925
185
105
365
525
295
210
195
45
440
400
50
290
115
425
380
2,000
165
260
485
5
1,025
2,775
460
135
15
70
850
160
75
415
575
360
210
160
45
440
425
45
285
80
450
225
1,500
165
230
445
6
1,100
2,600
415
110
120
65
1,025
155
60
420
575
400
210
195
45
425
410
45
290
70
425
205
2,000
175
225
425
7
1,050
2,250
355
100
100
50
1,050
115
35
415
475
325
155
195
35
410
385
35
270
60
350
155
2,000
115
180
385
8
1,050
2,250
350
115
75
55
1,050
120
35
430
480
400
160
100
30
400
380
25
250
55
375
180
1,800
120
195
350
9
950
2,225
330
115
45
50
1,050
110
30
420
175
320
125
55
25
400
355
25
115
60
340
140
2,000
110
165
300
10
900
1,850
345
100
40
45
1,450
100
35
340
170
320
120
70
20
400
360
20
110
55
325
135
2,000
105
145
195
11
1,275
2,075
370
80
50
35
1,025
100
35
340
170
405
130
70
25
395
335
20
120
55
325
110
2,000
120
155
195
12
700
2,500
350
90
50
260
1,000
110
35
400
180
350
130
55
25
405
385
20
120
90
300
145
2,675
130
155
200
DATA HARGA SAHAM 2003
Closing Price Tahun 2003
BULAN JANUARI - DESEMBER
EMITEN
PT.Bank Buana Ind Tbk
PT.Bank Central Asia Tbk
PT.Bank Danamon Tbk
PT.Bank Eksekutif Internasional Tbk
PT.Bank Internasional Indonesia Tbk
PT.Bank Lippo Tbk
PT.Bank Mega Tbk
PT.Bank Negara Indonesia( Persero ) Tbk
PT.Bank Niaga Tbk
PT.Bank NISP Tbk
PT.Bank Pan Indonesia Tbk
PT.BFI Finance Indonesia Tbk ( a/n PT Bunas Finance Indonesia Tbk )
PT.Clipan Finance Indonesia Tbk
PT.Sinar Mas Multiartha Tbk
PT.Siwani Trimitra Tbk ( a/n PT.Maharani Inti Finance Tbk )
PT.Asia kapitalindo Securities Tbk
PT.Bhakti Investama Tbk
PT.Lippo Securities Tbk
PT.Panin Sekuritas Tbk
PT.Trimegah Securities Tbk
PT.Asuransi Bintang Tbk
PT.Asuransi Dayin Mitra Tbk
PT.Asuransi Harta Aman Pratama Tbk
PT.Maskapai Reasuransi Indonesia ( Marein ) Tbk
PT.Panin Insurance Tbk
PT.Panin Life Tbk
1
2
3
4
5
6
7
8
9
675
2,250
800
75
45
215
1,000
95
35
425
170
390
110
35
20
395
335
15
140
60
285
120
2,675
105
140
185
650
2,475
1,025
90
55
370
1,025
100
30
215
170
375
115
35
20
390
315
20
125
55
290
125
3,375
100
140
150
675
2,200
1,350
85
55
450
1,050
95
25
190
165
350
115
350
20
390
350
15
135
50
285
125
3,375
115
135
150
625
2,425
1,400
85
80
450
1,075
100
35
205
235
300
170
500
20
390
355
25
165
55
370
170
3,750
125
225
220
575
2,650
1,275
105
110
525
1,050
135
40
215
250
350
210
725
25
390
335
25
185
75
350
165
3,550
175
195
300
550
2,875
1,575
95
95
495
1,100
195
40
235
310
375
215
650
25
395
315
30
200
65
370
155
3,200
200
135
405
575
2,775
1,425
95
90
480
1,075
160
40
240
295
550
160
255
25
395
315
25
225
70
325
195
3,250
185
150
115
650
2,925
1,475
95
95
525
1,050
145
35
265
280
625
215
260
50
395
355
30
250
80
335
225
4,075
220
235
145
700
3,375
1,750
90
115
500
1,050
140
30
320
315
750
255
250
40
395
340
30
270
75
355
225
315
295
235
150
10
525
3,525
1,825
95
100
465
1,000
110
35
345
280
825
255
310
40
305
320
25
280
90
400
215
260
400
280
130
11
525
3,300
1,775
90
100
500
1,000
105
30
340
270
750
230
320
30
270
340
25
270
80
370
225
240
400
330
165
12
550
3,325
2,025
95
110
450
1,150
1,300
35
365
285
1,000
280
345
35
270
350
25
305
95
370
230
260
340
340
155
DATA HARGA SAHAM 2004
Closing Price Tahun 2004
BULAN JANUARI - DESEMBER
EMITEN
PT.Bank Buana Ind Tbk
PT.Bank Central Asia Tbk
PT.Bank Danamon Tbk
PT.Bank Eksekutif Internasional Tbk
PT.Bank Internasional Indonesia Tbk
PT.Bank Lippo Tbk
PT.Bank Mega Tbk
PT.Bank Negara Indonesia( Persero ) Tbk
PT.Bank Niaga Tbk
PT.Bank NISP Tbk
PT.Bank Pan Indonesia Tbk
PT.BFI Finance Indonesia Tbk ( a/n PT Bunas Finance Indonesia Tbk )
PT.Clipan Finance Indonesia Tbk
PT.Sinar Mas Multiartha Tbk
PT.Siwani Trimitra Tbk ( a/n PT.Maharani Inti Finance Tbk )
PT.Asia kapitalindo Securities Tbk
PT.Bhakti Investama Tbk
PT.Lippo Securities Tbk
PT.Panin Sekuritas Tbk
PT.Trimegah Securities Tbk
PT.Asuransi Bintang Tbk
PT.Asuransi Dayin Mitra Tbk
PT.Asuransi Harta Aman Pratama Tbk
PT.Maskapai Reasuransi Indonesia ( Marein ) Tbk
PT.Panin Insurance Tbk
PT.Panin Life Tbk
1
2
3
4
5
6
7
8
9
550
3,850
2,275
95
110
550
1,150
1,275
35
380
345
1,425
400
365
40
270
410
35
310
140
400
260
305
375
390
185
500
3,650
2,775
95
110
675
1,150
1,250
30
410
350
1,400
440
385
40
270
400
35
400
195
365
260
275
350
370
170
550
3,650
2,775
100
105
575
1,300
1,150
30
480
345
1,275
335
365
35
270
375
30
335
150
380
250
255
355
310
140
625
3,900
3,275
130
145
625
1,700
1,300
40
525
360
1,075
355
365
30
270
340
30
360
150
365
260
220
400
320
130
675
3,675
2,975
115
135
550
1,450
1,125
325
500
290
900
300
325
30
270
285
25
325
130
325
245
210
400
250
95
600
1,875
2,825
120
145
495
1,300
1,075
300
480
260
800
250
280
30
270
270
25
310
120
375
270
70
275
190
90
625
1,875
3,200
120
155
525
1,200
1,075
310
490
275
775
275
395
30
270
255
25
315
140
395
270
70
270
205
100
625
1,800
3,350
115
160
500
1,275
1,125
300
525
265
850
285
355
30
270
270
30
295
130
370
255
65
275
225
105
625
2,000
3,725
140
160
550
1,500
1,300
330
550
310
950
360
380
50
270
285
35
290
165
370
260
75
300
285
125
10
650
2,400
3,575
145
160
575
1,825
1,350
350
650
355
1,100
365
395
55
270
290
25
295
160
380
275
90
245
290
130
11
725
2,750
4,400
180
180
650
1,725
1,625
460
700
410
1,175
415
410
55
270
270
30
315
185
380
280
100
280
335
155
12
825
2,975
4,375
145
185
700
1,950
1,675
460
775
420
1,200
400
405
60
270
260
25
320
165
475
295
115
290
320
145
Lampiran 3
DATA REGRESI
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
36
37
38
39
40
41
42
43
44
45
46
roe
25.26
31.92
17.33
-13.36
-187.83
9.68
6.43
25.8
16.45
15
0.06
-77.91
2.67
-186.93
-12.45
7.93
9.13
83.58
11.03
11.02
12.57
10.24
9.77
12.41
1.62
0.35
19.73
22.09
20.38
12.21
22.22
-25.14
22.15
30.47
9.56
10.36
2.88
16.73
2.85
33.16
-65.21
4.3
10.07
-104.15
13.96
3.15
roi
2.12
3.02
1.37
-0.82
-13.43
1.14
0.23
1.36
0.87
1.01
0.03
52.18
2.48
-34.82
-3.98
6.84
5.37
17.47
8.52
8.43
4.8
5.03
7.22
4.53
0.96
0.26
1.89
2.17
2.02
0.74
0.36
-2.03
1.45
2
0.62
0.86
0.63
8.82
2.4
9.86
-15.83
4.02
6.3
-26.43
9.59
2.25
npm
0.15
0.22
0.09
0
0
0.09
0.02
0.11
0.07
0.09
0
0.18
0.14
0
0
0.48
0.38
1.57
0.71
0.26
0.08
0.14
0.23
0.27
0.07
0.02
0.13
0.17
0.13
0.04
0.04
0
0.09
0.15
0.04
0.08
0.03
0.43
0.14
0.18
0
0.35
0.79
0
0.63
0.07
opm
0.2
0.22
0.08
0
0
0.11
0.03
0.11
0.01
0.12
0
0
0.17
0
0
0.52
0.68
0.69
0.49
0.28
0.08
0.17
0.21
0.44
0.08
0.04
0.19
0.22
0.13
0.1
0.02
0
0.13
0.15
0.01
0.12
0.04
0.61
0.18
0.13
0
0.23
0.61
0
0.59
0.12
eps
96
1049
2
-80
-79
8
38
12
134
118
1
1115
15
-194
-13
13
20
15
60
7
108
190
337
105
12
1
84
422
193
17
5
-129.5
192
17.81
1.79
23
7
122
8
42
-42
7
31
15.2
39
2
return
0.345
0.044
14.894
0.000
-0.136
-0.504
-0.281
0.359
0.017
-0.109
0.492
0.042
-0.738
-0.509
-0.904
0.733
-0.025
-0.684
0.126
-0.189
0.153
-0.047
0.558
8.834
-0.121
-0.303
0.072
0.346
0.388
1.776
6.272
6.313
0.301
0.240
0.094
0.711
0.243
1.280
0.080
-0.626
-0.664
-0.155
0.314
-0.558
-0.383
-0.266
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
14.88
11.76
9.82
12.61
5.84
3.7
13.18
18.94
22.42
29.64
16.99
-34.97
26.39
8.27
23.66
16.63
12.52
16.06
10.67
28.4
-209.35
0.05
6
-92.38
18.4
14.13
6.88
9.88
14.09
25.36
15.28
12.67
14.91
22.95
30
7
32.19
38.6
26.58
24.39
27.94
21.03
20.53
2.23
13.51
20.73
132.56
-5.57
3.86
16.52
19.76
5.83
6.11
6.79
3.95
3.37
2.7
1.55
1.79
2.9
2.28
0.89
-1.95
1.92
0.63
1.97
1.15
2.38
8.72
6.73
16.11
-19.81
0.05
3.75
-11.72
6.29
8.72
2.8
5.02
10.07
8.9
8.77
8.91
1.73
2.14
4.3
0.8
2.28
3.2
1.73
2.3
2.14
1.64
3.88
1.62
6.33
12.23
-92.45
-4.59
2.42
3.43
8.17
0.09
0.17
0.12
0.06
0.14
0.12
0.13
0.18
0.2
0.12
0.08
0
0.16
0.05
0.16
0.11
0.16
0.36
0.46
0.31
0
0.01
0.71
0
0.49
0.23
0.04
0.15
0.14
0.12
0.23
0.24
0.18
0.24
0.03
0.1
0.2
38.7
0.18
0.21
0.22
0.18
0.32
0.06
0.43
0.25
0
0
0.37
63.11
0.46
0.07
0.17
0.09
0.07
0.13
0.1
0.19
0.23
0.18
0.17
0.07
0.19
0.23
0.05
0.12
0.13
0.2
0.54
0.62
0.33
0
0
0.45
0.47
0.65
0.27
0.02
0.15
0.13
0.15
0.22
0.22
0.25
0.34
0.03
0.18
0.2
18.3
0.27
0.21
0.21
0.23
0.43
0.51
0.59
0.24
0
0
0.53
0.7
0.74
141
59
173
45
22
3
44
390
312
55
6
-131.61
283
62.41
6.94
43
31
144
34
64
-44
0.08
13
-7.83
59
10
67
53
23
113
73
14
57
260
493
16
17
227.71
345
236.25
8.42
71
58
23
48
61
-85
-6.71
12
3.24
68
-0.249
-0.322
0.432
0.041
0.359
1.957
-0.146
0.430
1.064
0.290
1.098
0.968
0.154
11.663
0.156
0.081
0.633
1.136
1.176
9.499
0.967
-0.342
0.067
0.817
0.844
0.590
0.322
0.748
-0.601
1.393
1.268
0.646
0.449
-0.032
0.734
0.539
0.595
0.312
0.642
0.327
7.715
0.762
0.261
-0.107
0.114
0.200
0.590
0.000
-0.424
-0.195
0.096
98
99
100
101
102
103
104
19.51
2.49
8.99
8.25
5.63
16.95
19.94
7.37
1.17
3.89
5.71
1.86
7.96
12.95
0.25
0.02
0.12
0.08
0.02
0.2
0.29
0.39
0
0.1
0.05
0.05
0.24
0.27
16
24
50
8
19
103
29
0.334
0.225
0.139
-0.477
-0.152
-0.069
-0.131
LAMPIRAN 4
HASIL ANALISIS DATA
Uji Normalitas Data Sebelum Trnsformasi Ke Logaritma Normal
NPar Tests
One-Sample Kolmogorov-Smirnov Test
N
Normal Parameters a,b
Most Extreme
Differences
Mean
Std. Deviation
Absolute
Positive
Negative
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
Unstandardiz
ed Residual
104
.0000000
2.44334817
.333
.333
-.227
3.393
.000
a. Test distribution is Normal.
b. Calculated from data.
Uji Normalitas Data Setelah Transformasi Data
NPar Tests
One-Sample Kolmogorov-Smirnov Test
N
Normal Parameters a,b
Most Extreme
Differences
Mean
Std. Deviation
Absolute
Positive
Negative
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
b. Calculated from data.
Unstandardiz
ed Residual
88
.0000000
1.25979722
.062
.062
-.039
.584
.885
UJI MULTIKOLINEARITAS
Regression
Variables Entered/Removedb
Model
1
Variables
Entered
LNEPS,
LNNPM,
LNROI,
LNROE,a
LNOPM
Variables
Removed
Method
.
Enter
a. All requested variables entered.
b. Dependent Variable: LNRETURN
Model Summary
Model
1
R
.319a
R Square
.102
Adjusted
R Square
.047
Std. Error of
the Estimate
1.29764
a. Predictors: (Constant), LNEPS, LNNPM, LNROI,
LNROE, LNOPM
ANOVAb
Model
1
Regression
Residual
Total
Sum of
Squares
15.693
138.077
153.770
df
5
82
87
Mean Square
3.139
1.684
F
1.864
Sig.
.110a
a. Predictors: (Constant), LNEPS, LNNPM, LNROI, LNROE, LNOPM
b. Dependent Variable: LNRETURN
Coefficientsa
Model
1
Unstandardized
Coefficients
B
Std. Error
(Constant)
-1.474
.654
LNROE
1.293
.502
LNROI
2.175E-02
.181
LNNPM
-.357
.222
LNOPM
.297
.249
LNEPS
-.306
.117
a. Dependent Variable: LNRETURN
Standardized
Coefficients
Beta
.339
.015
-.326
.238
-.333
t
-2.254
2.579
.120
-1.607
1.194
-2.621
Sig.
.027
.012
.905
.112
.236
.010
Collinearity Statistics
Tolerance
VIF
.632
.671
.266
.275
.679
1.582
1.490
3.765
3.634
1.474
Coefficient Correlationsa
Model
1
Correlations
Covariances
LNEPS
LNNPM
LNROI
LNROE
LNOPM
LNEPS
LNNPM
LNROI
LNROE
LNOPM
LNEPS
1.000
.306
-.099
-.500
-.272
1.366E-02
7.947E-03
-2.10E-03
-2.93E-02
-7.92E-03
LNNPM
.306
1.000
-.127
-.332
-.784
7.947E-03
4.934E-02
-5.12E-03
-3.70E-02
-4.33E-02
LNROI
-.099
-.127
1.000
-.127
-.195
-2.10E-03
-5.12E-03
3.273E-02
-1.15E-02
-8.76E-03
LNROE
-.500
-.332
-.127
1.000
.221
-2.93E-02
-3.70E-02
-1.15E-02
.252
2.755E-02
LNOPM
-.272
-.784
-.195
.221
1.000
-7.92E-03
-4.33E-02
-8.76E-03
2.755E-02
6.191E-02
a. Dependent Variable: LNRETURN
Collinearity Diagnosticsa
Mo
del
1
Dim
ensi
on
1
2
3
4
5
6
Eigenvalue
4.917
.767
.168
7.925E-02
3.876E-02
2.999E-02
Condition
Index
1.000
2.531
5.415
7.877
11.262
12.805
a. Dependent Variable: LNRETURN
(Cons
tant)
.00
.00
.00
.04
.38
.57
LNROE
.00
.00
.05
.14
.00
.79
Variance Proportions
LNNP
LNROI
LNOPM
M
.01
.00
.00
.16
.03
.02
.73
.04
.03
.03
.23
.13
.06
.34
.73
.02
.35
.08
LNEPS
.00
.00
.14
.42
.31
.12
UJI HETEROKEDASTISITAS
Regression
Variables Entered/Removedb
Model
1
Variables
Entered
LNEPS,
LNNPM,
LNROI,
LNROE,a
LNOPM
Variables
Removed
Method
.
Enter
a. All requested variables entered.
b. Dependent Variable: ABSRES
Model Summary
Model
1
R
.147a
R Square
.022
Adjusted
R Square
-.038
Std. Error of
the Estimate
.81618
a. Predictors: (Constant), LNEPS, LNNPM, LNROI,
LNROE, LNOPM
ANOVAb
Model
1
Regression
Residual
Total
Sum of
Squares
1.214
54.624
55.839
df
5
82
87
Mean Square
.243
.666
F
.365
Sig.
.871a
a. Predictors: (Constant), LNEPS, LNNPM, LNROI, LNROE, LNOPM
b. Dependent Variable: ABSRES
Coefficientsa
Model
1
(Constant)
LNROE
LNROI
LNNPM
LNOPM
LNEPS
Unstandardized
Coefficients
B
Std. Error
.513
.411
.281
.315
3.825E-04
.114
-9.44E-02
.140
4.847E-03
.156
-3.78E-03
.074
a. Dependent Variable: ABSRES
Standardized
Coefficients
Beta
.122
.000
-.143
.006
-.007
t
1.247
.892
.003
-.676
.031
-.051
Sig.
.216
.375
.997
.501
.975
.959
UJI AUTOKORELASI
Regression
Variables Entered/Removedb
Model
1
Variables
Entered
LNEPS,
LNNPM,
LNROI,
LNROE,a
LNOPM
Variables
Removed
Method
.
Enter
a. All requested variables entered.
b. Dependent Variable: LNRETURN
Model Summaryb
Model
1
R
.319a
R Square
.102
Adjusted
R Square
.047
Std. Error of
the Estimate
1.29764
Durbin-W
atson
1.983
a. Predictors: (Constant), LNEPS, LNNPM, LNROI, LNROE, LNOPM
b. Dependent Variable: LNRETURN
ANOVAb
Model
1
Regression
Residual
Total
Sum of
Squares
15.693
138.077
153.770
df
5
82
87
Mean Square
3.139
1.684
F
1.864
Sig.
.110a
a. Predictors: (Constant), LNEPS, LNNPM, LNROI, LNROE, LNOPM
b. Dependent Variable: LNRETURN
Coefficientsa
Model
1
(Constant)
LNROE
LNROI
LNNPM
LNOPM
LNEPS
Unstandardized
Coefficients
B
Std. Error
-1.474
.654
1.293
.502
2.175E-02
.181
-.357
.222
.297
.249
-.306
.117
a. Dependent Variable: LNRETURN
Standardized
Coefficients
Beta
.339
.015
-.326
.238
-.333
t
-2.254
2.579
.120
-1.607
1.194
-2.621
Sig.
.027
.012
.905
.112
.236
.010
UJI REGRESI LINEAR BERGANDA
Regression
Variables Entered/Removedb
Model
1
Variables
Entered
LNEPS,
LNNPM,
LNROI,
LNROE,a
LNOPM
Variables
Removed
Method
.
Enter
a. All requested variables entered.
b. Dependent Variable: LNRETURN
Model Summary
Model
1
R
.319a
R Square
.102
Adjusted
R Square
.047
Std. Error of
the Estimate
1.29764
a. Predictors: (Constant), LNEPS, LNNPM, LNROI,
LNROE, LNOPM
ANOVAb
Model
1
Regression
Residual
Total
Sum of
Squares
15.693
138.077
153.770
df
5
82
87
Mean Square
3.139
1.684
F
1.864
Sig.
.110a
a. Predictors: (Constant), LNEPS, LNNPM, LNROI, LNROE, LNOPM
b. Dependent Variable: LNRETURN
Coefficientsa
Model
1
(Constant)
LNROE
LNROI
LNNPM
LNOPM
LNEPS
Unstandardized
Coefficients
B
Std. Error
-1.474
.654
1.293
.502
2.175E-02
.181
-.357
.222
.297
.249
-.306
.117
a. Dependent Variable: LNRETURN
Standardized
Coefficients
Beta
.339
.015
-.326
.238
-.333
t
-2.254
2.579
.120
-1.607
1.194
-2.621
Sig.
.027
.012
.905
.112
.236
.010
STATISTIK DESKRIPTIF
N
ROE
ROI
NPM
OPM
EPS
RETURN
Valid N (listwise)
104
104
104
104
104
104
104
Descriptive Statistics
Minimum
Maximum
Mean
Std. Deviation
-209.35
132.56
5.225384615
43.46680747
-92.45
52.18
1.9775
12.68059321
0
63.11
1.159807692
7.2062485
0
18.3
0.384423077
1.784657824
-194
1115
81.43461538
178.4092777
-0.9040261 14.89440385
0.840510517
2.463670072