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Lampiran1 Kondisi Harga Saham ,CR , DER , ROA, DPS Tahun

2011-2015

Tahun

Saham

Harga

CR

DER

ROA

DPS

2011

260 0,3208

1,7956

-0,0641 0,002

2012

50 0,2675

4,5266

-0,3468 0,002

2013

50 0,0895 -10,0600 -0,2898 0,002

2014

50 0,0251 -2,9564

-0,3784 0,001

2015

50 0,0091 -1,7643

0,6341 0,001

2011

400 0,2814

1,8769

-0,1090 0,066

2012

84 0,3636

4,2022

-0,1597 0,039

2013

54 0,3102

3,4823

-0,0777 0,039

2014

91 0,5308

2,0234

-0,0756 0,057

2015

51 0,5545

2,1905

-0,0746 0,058

2011

1517

0,5575

0,2146

0,1117 0,005

2012

1826

2,3466

0,4224

0,1471 0,004

2013

1340

2,5640

0,2320

0,1501 0,005

2014

169 1,4033

0,4742

0,0715 0,004

2015

117 1,9510

0,3264

-0,1040 0,004

2011

1410

1,1604

0,6627

0,1649 0,004

2012

1810

1,1630

0,6526

0,1586 0,005

2013

2150

1,0622

0,6359

0,1522 0,001

2014

2865

1,3529

0,7786

0,1403 0,002

2015

3105

1,1891

0,8073

0,0855 0,002

2011

4525

0,4186

1,3068

0,0780 0,001

2012

5700

0,7369

1,6325

0,0256 0,002

2013

5200

0,8644

3,5633

-0,0140 0,001

2014

4865

0,6446

3,1758

-0,0004 0,001

2015

3600

0,4355

2,9258

0,0030 0,002

2011

5650

0,7543

1,8473

0,0088 0,017

2012

6450

0,5313

2,3008

-0,0489 0,008

2013

4150

0,4063

2,7514

-0,0349 0,006

2014

4050

0,4946

3,1759

-0,0211 0,009

2015

5500

0,4410

2,8521

0,0049 0,009

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H

Lampiran 2 Rerangka Pemikiran

Harga Saham (Y)

Current Ratio

(X )

Debt to Equity Ratio

(X )

Return on Asset

(X )

Dividen per Share

(X )

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Lampiran 3 Sampel Perusahaan Dalam Penelitian

No

KODE PERUSAHAAN

NAMA PERUSAHAAN

1 BTEL

Bakrie Telecom Tbk.

2 FREN

Smartfren Telecom Tbk.

3 INVS

Inovisi Infracom Tbk.

4 TLKM

Telekomunikasi Indonesia (Persero) Tbk.

5 EXCL

XL Axiata Tbk.

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Lampiran 4 Statistik Deskriptif Harga Saham

2011

2012

2013

2014

2015

Mean

_2.294

_2.653

_2.157

_2.015

_2.071

UP/ Down

-

₍₃₆₀₎

₄₉₆

₁₄₂

₍₅₆₎

Max

_5.650

_6.450

_5.200

_4.865

_5.500

Min

₂₆₀

₅₀

Std. Dev

_2.055

_2.532

_1.948

_1.998

_2.127

Observation

₆

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Lampiran 5 Statistik Deskriptif Current Ratio

2011

2012

2013

2014

2015

Mean

_0,582

_0,902

_0,883

_0,742

_0,763

UP/ Down

-

_(0,320)

_0,019

_0,141

_(0,021)

Max

_1,160

_2,347

_2,564

_1,403

_1,951

Min

_0,281

_0,268

_0,089

_0,025

_0,009

Std. Dev

_0,303

_0,709

_0,821

_0,490

_0,635

Observation

6

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Lampiran 6 Statistik Deskriptif Debt To Equity Ratio

2011

2012

2013

2014

2015

Mean

1,284

2,290

0,101

1,111

1,223

UP/ Down

-

(1,005)

2,189

(1,010)

(0,112)

Max

1,877

4,527

3,563

3,176

2,926

Min

0,215

0,422

(10,060)

(2,965)

(1,764)

Std. Dev

0,640

1,595

4,726

2,101

1,653

Observation

6

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Lampiran 7 Statistik Deskriptif Return On Asset

2011

2012

2013

2014

2015

Mean

_0,032

_(0,037)

_0,148

_(0,044)

_(0,120)

UP/ Down

-

_0,069

_(0,185)

_0,192

_0,076

Max

_0,165

_0,159

_1,150

_0,140

_0,086

Min

_(0,109)

_(0,347)

_(0,290)

_(0,378)

_(0,634)

Std. Dev

_0,096

_0,177

_0,467

_0,164

_0,238

Observation

6

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Lampiran 8 Statistik Deskriptif Dividend Per Share

2011

2012

2013

2014

2015

Mean

_0,016

_0,010

_0,009

_0,012

_0,013

UP/ Down

-

_0,006

_0,001

_(0,003)

_(0,000)

Max

_0,066

_0,039

_0,057

_0,058

Min

_0,001

_0,002

_0,001

0 Std. Dev

_0,023

_0,013

_0,014

_0,020

_0,021

Observation

6

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Lampiran 9 Unit Root Test Harga Saham

Null Hypothesis: Unit root (individual unit root process) Series: D(HARGA_SAHAM,2)

Date: 12/15/16 Time: 21:18 Sample: 2011 2015

Exogenous variables: None

Automatic selection of maximum lags

Automatic lag length selection based on SIC: 0 Total (balanced) observations: 12

Cross-sections included: 6

Method Statistic Prob.** ADF - Fisher Chi-square 28.9144 0.0041 ADF - Choi Z-stat -3.03752 0.0012 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. Intermediate ADF test results D(HARGA_SAHAM,2)

Cross

Section Prob. Lag Max Lag Obs 1 0.5000 0 0 2 2 0.0380 0 0 2 3 0.2178 0 0 2 4 0.0242 0 0 2 5 0.0643 0 0 2 6 0.0829 0 0 2

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Lampiran 10 Unit Root Test Current Ratio

Null Hypothesis: Unit root (individual unit root process) Series: D(CR,2)

Date: 12/15/16 Time: 21:18 Sample: 2011 2015

Method Statistic Prob.** ADF - Fisher Chi-square 31.3071 0.0018 ADF - Choi Z-stat -3.32596 0.0004 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. Intermediate ADF test results D(CR,2)

Cross

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Lampiran 11 Unit Root Test Debt To Equity Ratio

Null Hypothesis: Unit root (individual unit root process) Series: D(DER)

Date: 12/15/16 Time: 21:21 Sample: 2011 2015

Exogenous variables: Individual effects Automatic selection of maximum lags

Method Statistic Prob.** ADF - Fisher Chi-square 21.2556 0.0468 ADF - Choi Z-stat -0.29471 0.3841 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. Intermediate ADF test results D(DER)

Cross

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Lampiran 12 Unit Root Test Return On Asset

Null Hypothesis: Unit root (individual unit root process) Series: D(ROA,2)

Date: 12/15/16 Time: 21:29 Sample: 2011 2015

Method Statistic Prob.** ADF - Fisher Chi-square 27.9139 0.0057 ADF - Choi Z-stat -1.37250 0.0850 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. Intermediate ADF test results D(ROA,2)

Cross

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Lampiran 13 Unit Root Test Dividend Per Share

Null Hypothesis: Unit root (individual unit root process) Series: D(DPS,2)

Date: 12/15/16 Time: 21:23 Sample: 2011 2015

Method Statistic Prob.** ADF - Fisher Chi-square 40.2607 0.0001 ADF - Choi Z-stat -4.15144 0.0000 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. Intermediate ADF test results D(DPS,2)

Cross

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Lampiran 14 Common Effect

Dependent Variable: HARGA_SAHAM Method: Panel Least Squares

Date: 12/15/16 Time: 21:32 Sample: 2011 2015

Periods included: 5 Cross-sections included: 6

Total panel (balanced) observations: 30

Variable Coefficient Std. Error t-Statistic Prob. C 2796.931 663.8794 4.213010 0.0003 CR -449.1203 603.3827 -0.744337 0.4636 DER 366.6586 139.6813 2.624965 0.0146 ROA 805.0720 2091.646 0.384899 0.7036 DPS -54964.32 20604.25 -2.667620 0.0132 R-squared 0.321904 Mean dependent var 2237.967 Adjusted R-squared 0.213409 S.D. dependent var 2191.259 S.E. of regression 1943.427 Akaike info criterion 18.13331 Sum squared resid 94422724 Schwarz criterion 18.36684 Log likelihood -266.9996 Hannan-Quinn criter. 18.20801 F-statistic 2.966983 Durbin-Watson stat 0.949845 Prob(F-statistic) 0.039100

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Lampiran 15 Fixed Effect

Date: 12/15/16 Time: 21:32 Sample: 2011 2015

Variable Coefficient Std. Error t-Statistic Prob. C 1878.417 484.1644 3.879709 0.0009 CR 384.0989 429.6565 0.893967 0.3820 DER -14.63010 65.72516 -0.222595 0.8261 ROA 269.8883 838.8435 0.321739 0.7510 DPS 6579.695 28897.60 0.227690 0.8222 Effects Specification Cross-section fixed (dummy variables)

R-squared 0.921842 Mean dependent var 2237.967 Adjusted R-squared 0.886672 S.D. dependent var 2191.259 S.E. of regression 737.6718 Akaike info criterion 16.30608 Sum squared resid 10883194 Schwarz criterion 16.77314 Log likelihood -234.5912 Hannan-Quinn criter. 16.45550 F-statistic 26.21037 Durbin-Watson stat 1.627003 Prob(F-statistic) 0.000000

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Lampiran 16 Random Effect

Dependent Variable: HARGA_SAHAM

Method: Panel EGLS (Cross-section random effects) Date: 12/15/16 Time: 21:34

Sample: 2011 2015 Periods included: 5 Cross-sections included: 6

Swamy and Arora estimator of component variances

Variable Coefficient Std. Error t-Statistic Prob. C 2407.258 473.3343 5.085747 0.0000 CR 110.9293 349.9550 0.316982 0.7539 DER 59.95757 61.45823 0.975582 0.3386 ROA 379.2093 823.3190 0.460586 0.6491 DPS -27583.56 15328.55 -1.799489 0.0840 Effects Specification S.D. Rho Cross-section random 724.8394 0.4912 Idiosyncratic random 737.6718 0.5088 Weighted Statistics

R-squared 0.078260 Mean dependent var 927.0655 Adjusted R-squared -0.069218 S.D. dependent var 1072.661 S.E. of regression 1109.163 Sum squared resid 30756090 F-statistic 0.530657 Durbin-Watson stat 0.765881 Prob(F-statistic) 0.714308

Unweighted Statistics

R-squared 0.160107 Mean dependent var 2237.967 Sum squared resid 1.17E+08 Durbin-Watson stat 0.265217

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Lampiran 17 Uji Chow-Test

Redundant Fixed Effects Tests Equation: Untitled

Test cross-section fixed effects

Effects Test Statistic d.f. Prob. Cross-section F 30.704048 (5,20) 0.0980 Cross-section Chi-square 64.816860 5 0.0000

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Lampiran 18 Uji Hausman-Test

Correlated Random Effects - Hausman Test Equation: Untitled

Test cross-section random effects

Test Summary Statistic Chi-Sq. d.f. Chi-Sq. Prob. Cross-section random 35.520336 4 0.0000 Cross-section random effects test comparisons:

Variable Fixed Random Var(Diff.) Prob. CR 384.098884 110.929342 62136.217954 0.2731 DER -14.630095 59.957566 542.681925 0.0014 ROA 269.888299 379.209336 25804.315100 0.4962 DPS 6579.695274 27583.557346 -600106784.406369 0.1631 Cross-section random effects test equation:

Date: 12/15/16 Time: 21:35 Sample: 2011 2015

Variable Coefficient Std. Error t-Statistic Prob. C 1878.417 484.1644 3.879709 0.0009 CR 384.0989 429.6565 0.893967 0.3820 DER -14.63010 65.72516 -0.222595 0.8261 ROA 269.8883 838.8435 0.321739 0.7510 DPS 6579.695 28897.60 0.227690 0.8222 Effects Specification Cross-section fixed (dummy variables)

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Lampiran 19 Koefisien Determinasi R

2

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Lampiran 20 Uji Statistik F

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Lampiran 21 Uji Statistik t (CR)

Date: 12/15/16 Time: 21:33 Sample: 2011 2015

Variable Coefficient Std. Error t-Statistic Prob. C 2796.931 663.8794 4.213010 0.0003 CR -449.1203 603.3827 -0.744337 0.4636

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Lampiran 22 Uji Statistik t (DER)

Date: 12/15/16 Time: 21:33 Sample: 2011 2015

Variable Coefficient Std. Error t-Statistic Prob. C 2796.931 663.8794 4.213010 0.0003 DER 366.6586 139.6813 2.624965 0.0146

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Lampiran 23 Uji Statistik t (ROA)

Date: 12/15/16 Time: 21:33 Sample: 2011 2015

Variable Coefficient Std. Error t-Statistic Prob. C 2796.931 663.8794 4.213010 0.0003 ROA 805.0720 2091.646 0.384899 0.7036

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Lampiran 24 Uji Statistik t (DPS)

Date: 12/15/16 Time: 21:33 Sample: 2011 2015

Variable Coefficient Std. Error t-Statistic Prob. C 2796.931 663.8794 4.213010 0.0003 DPS -54964.32 20604.25 -2.667620 0.0132