82
Lampiran 1
Sampel Perusahaan yang melakukan
Right Issue
No Kode Emiten Tanggal
Pengumuman Tanggal Listing
1 APLI Asiaplast Industries 21 Mei 2010 1 Mei 2000 2 BLTA Berlian Laju Tanker 29 Juni 2010 26 Maret 1990 3 ABBA Mahaka Media 29 Juni 2010 3 April 2002 4 BBNI Bank Negara Indonesia 24 November 2010 25 November 1996 5 BNGA Bank CIMB Niaga 15 Desember 2010 29 November 1989 6 EPMT Enseval Putra Megatrading Tbk. 02 Maret 2011 1 Agustus 1994 7 ABDA Asuransi Bina Dana Arta Tbk. 31 Maret 2011 6 Juli 1989 8 UNTR United Tractors Tbk. 02 Mei 2011 19 September 1989 9 APIC Pacific Startegic Financial Tbk. 24 Juni 2011 18 Desember 2002 10 AISA Tiga Pilar Sejahtera Food Tbk. 24 November 2011 11 Juni 1997 11 PSAB J Resources Asia Pasifik Tbk. 30 Desember 2011 22 April 2003 12 KIAS Keramika Indonesia Assosiasi Tbk. 15 Februari 2012 8 Desember 1994 13 RAJA Rukun Raharja Tbk. 30 April 2012 19 April 2006 14 TRIO Trikomsel Oke Tbk. 18 Juni 2012 14 April 2009 15 SMMT Golden Eagle Energy Tbk. 18 Juni 2012 29 Februari 2000 16 ITTG Leo Investments Tbk. 27 Juni 2012 26 November 2001 17 INPC Bank Artha Graha Internasional Tbk. 05 Desember 2012 23 Agustus 1990 18 CNKO Exploitasi Energi Indonesia Tbk. 06 Desember 2012 21 November 2001 19 CENT Centratama Telekomunikasi Indonesia Tbk. 23 Januari 2013 1 November 2001 20 TRIM Trimegah Securities Tbk. 28 Maret 2013 31 Januari 2000
83
Lampiran 2
Data Harga Teoritis
Right Issue
No
Kode
Emiten
Rasio
Saham
Lama
Rasio
Saham
Baru
Harga
Pelaksana
Harga
Saham
Cum-Date
Harga
Teoritis
1
APLI
13
2
250
77
100.07
2
BLTA
1
1
220
275
247.50
3
ABBA
16
15
105
94
99.32
4
BBNI
5
1
3100
4123.81
3953.18
5
BNGA
20
1
1250
1954.76
1921.20
6
EPMT
1000
188
700
780
767.34
7
ABDA
4
5
310
630
452.22
8
UNTR
33
4
15050
22900
22051.35
9
APIC
1
20
102
118
102.76
10
AISA
4
3
560
590
577.14
11
PSAB
125
3025
2000
450
1938.49
12
KIAS
500
386
128
105
115.02
13
RAJA
2
1
677
690
685.67
14
TRIO
500
35
856
830
831.70
15
SMMT
4
41
500
650
513.33
16
ITTG
2
5
104
91
100.29
17
INPC
19
10
111
111
111.00
18
CNKO
110
122
500
445
473.92
19
CENT
1
12
100
275
113.46
20
TRIM
1
1
80
101
90.50
84
Lampiran 3
Tabel Harga Saham,
Actual Return
, Harga IHSG,
Market Return
,
Abnormal
Return
, Volume Transaksi, Volume Beredar,Aktivitas Volume Perdagangan
94
Lampiran 4
Data Rata-rata
Abnormal Return
dan Volume Perdagangan
10 Hari Sebelum, Pada Saat dan 10 Hari Sesudah
Right Issue
Kode Emiten Abnormal Return Volume Perdagangan
Sebelum Pada Saat Sesudah Sebelum Pada Saat Sesudah
APLI 0.005423 0.038864 -0.006725 0.001226 0.002598 0.003326 BLTA -0.007009 0.006173 -0.009358 0.000733 0.000411 0.002090 ABBA -0.009429 0.010228 -0.002024 0.000041 0.000026 0.000012 BBNI -0.004622 0.053222 0.011348 0.000925 0.002398 0.002368 BNGA 0.030103 0.008499 -0.011594 0.000228 0.000171 0.000146 EPMT -0.020229 0.020015 -0.003414 0.000005 0.000000 0.000477 ABDA 0.000296 0.129979 0.013284 0.000112 0.000345 0.000661 UNTR 0.001011 -0.003470 -0.001461 0.000769 0.000283 0.001219 APIC -0.000925 0.003700 -0.039620 0.000150 0.000275 0.001482 AISA 0.003076 0.021456 -0.015786 0.001645 0.002410 0.003592 PSAB -0.001552 -0.003470 -0.002302 0.002560 0.002560 0.002304 KIAS 0.010120 0.054490 -0.006698 0.001001 0.002194 0.000988 RAJA 0.025654 -0.004020 -0.015402 0.003448 0.001914 0.002146 TRIO 0.000679 0.051487 -0.002791 0.000007 0.000052 0.000022 SMMT -0.000651 -0.011010 -0.003238 0.000417 0.000417 0.000271 ITTG -0.005573 -0.005350 -0.004335 0.000236 0.000236 0.000236 INPC -0.004129 -0.004030 -0.000308 0.000275 0.000018 0.000119 CNKO 0.015262 -0.032550 0.000370 0.004858 0.002088 0.007975 CENT 0.008226 -0.111590 0.009169 0.000201 0.000659 0.002847 TRIM -0.018323 -0.002620 -0.006888 0.000066 0.000048 0.000188
95
Lampiran 5
HASIL PENGOLAHAN SPSS
NORMALITAS
1.
Abnormal Return
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N 20
Normal Parametersa,,b Mean .0000000
Std. Deviation .04542716
Most Extreme Differences Absolute .211
Positive .162
Negative -.211
Kolmogorov-Smirnov Z .944
Asymp. Sig. (2-tailed) .335
a. Test distribution is Normal.
96
2.
Volume Perdagangan
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N 20
Normal Parametersa,,b Mean .0000000
Std. Deviation .00103771
Most Extreme Differences Absolute .271
Positive .271
Negative -.174
Kolmogorov-Smirnov Z 1.214
Asymp. Sig. (2-tailed) .105
a. Test distribution is Normal.
97
3.
Uji Normalitas Abnormal Return Sebelum-Sesudah dan Volume
Perdagangan Sebelum-Sesudah
One-Sample Kolmogorov-Smirnov Test
AR
SEBELUM
AR
SESUDAH
VOL
SEBELUM
VOL
SESUDAH
N 20 20 20 20
Normal Parametersa,,b Mean .00137039 -.00488866 .00094516 .00162347
Std. Deviation .012410438 .011209756 .001293914 .001896956
Most Extreme
Differences
Absolute .162 .179 .234 .198
Positive .162 .169 .233 .147
Negative -.100 -.179 -.234 -.198
Kolmogorov-Smirnov Z .722 .802 1.045 .885
Asymp. Sig. (2-tailed) .674 .542 .225 .414
a. Test distribution is Normal.
b. Calculated from data.
ANALISIS REGRESI SEDERHANA
1.
Abnormal Return
Variables Entered/Removedb
Model
Variables
Entered
Variables
Removed Method
1 Right Issuea . Enter
a. All requested variables entered.
b. Dependent Variable: Abnormal Return
Model Summaryb
Model R R Square
Adjusted R
Square
Std. Error of the
Estimate
1 .033a .001 -.054 .046671974
a. Predictors: (Constant), Right Issue
98
ANOVAb
Model Sum of Squares df Mean Square F Sig.
1 Regression .000 1 .000 .020 .890a
Residual .039 18 .002
Total .039 19
a. Predictors: (Constant), Right Issue
b. Dependent Variable: Abnormal Return
Coefficientsa
Model
Unstandardized Coefficients
Standardized
Coefficients
t Sig.
B Std. Error Beta
1 (Constant) .012 .011 1.037 .313
Right Issue -3.099E-7 .000 -.033 -.141 .890
a. Dependent Variable: Abnormal Return
Residuals Statisticsa
Minimum Maximum Mean Std. Deviation N
Predicted Value .00471178 .01151830 .01100015 .001508614 20
Residual -.123101182 .118572816 .000000000 .045427164 20
Std. Predicted Value -4.168 .343 .000 1.000 20
Std. Residual -2.638 2.541 .000 .973 20
a. Dependent Variable: Abnormal Return
2.
Volume Perdagangan
Variables Entered/Removedb
Model
Variables
Entered
Variables
Removed Method
1 Right Issuea . Enter
a. All requested variables entered.
99
Model Summaryb
Model R R Square
Adjusted R
Square
Std. Error of the
Estimate
1 .081a .007 -.049 .001066145
a. Predictors: (Constant), Right Issue
b. Dependent Variable: Volume Perdagangan
ANOVAb
Model Sum of Squares df Mean Square F Sig.
1 Regression .000 1 .000 .119 .734a
Residual .000 18 .000
Total .000 19
a. Predictors: (Constant), Right Issue
b. Dependent Variable: Volume Perdagangan
Coefficientsa
Model
Unstandardized Coefficients
Standardized
Coefficients
t Sig.
B Std. Error Beta
1 (Constant) .001 .000 3.876 .001
Right Issue -1.732E-8 .000 -.081 -.345 .734
a. Dependent Variable: Volume Perdagangan
Residuals Statisticsa
Minimum Maximum Mean Std. Deviation N
Predicted Value .00060370 .00098411 .00095515 .000084315 20
Residual -.000972384 .001614057 .000000000 .001037709 20
Std. Predicted Value -4.168 .343 .000 1.000 20
Std. Residual -.912 1.514 .000 .973 20
100
PAIRED SAMPLES T-TEST
Paired Samples Statistics
Mean N Std. Deviation Std. Error Mean
Pair 1 AR SEBELUM .00137039 20 .012410438 .002775058
AR SESUDAH -.00488866 20 .011209756 .002506578
Pair 2 VOL SEBELUM .00094516 20 .001293914 .000289328
VOL SESUDAH .00162347 20 .001896956 .000424172
Paired Samples Correlations
N Correlation Sig.
Pair 1 AR SEBELUM & AR SESUDAH 20 -.146 .539
Pair 2 VOL SEBELUM & VOL SESUDAH 20 .817 .000
Paired Samples Test
Paired Differences
t df Sig.
(2-tailed) 95% Confidence Interval
of the Difference
Mean
Std.
Deviation
Std. Error
Mean Lower Upper
Pair
1 AR
SEBELUM -
AR
SESUDAH
.006259045 .017897411 .004001983
-.002117201
.014635291 1.564 19 .134
Pair
2 VOL
SEBELUM -
VOL
SESUDAH
-.000678310
.001123190 .000251153
-.001203979
-.000152641
-2.701
