!
6
ISAT
2004
Employee Stock Option Program
7
PGAS
2004
Employee Stock Option Program
8
TIRA
2004
Waran Karyawan
9
BNII
2005
10
IDKM
2005
11
RALS
2005
12
BDMN
2006
Employee Stock Option Program
#
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! 1
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! 1 )$
t 2
t 1
t+1
t+2
#
$
! "
#
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"
! 1
"
! 1 )$
t 2
t 1
t+1
t+2
#
$
! "
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! 1
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! 1 #+
t 2
t 1
t+1
t+2
#
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'
Std. Deviation 16.06861 12.22062 9.58699 10.93051 7.96544
Most Extreme
Differences
a. Test distribution is Normal.
.
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$ (# ! - <(# < "
t 1 t+1 t+2 Sebelum Sesudah
N 18 18 18 18 18
Normal Parametersa,b Mean 12.2272 9.0856 12.9350 10.8581 11.0103
Std. Deviation 16.06861 12.22062 9.58699 10.93051 7.96544
Most Extreme
Differences
a. Test distribution is Normal.
b. Calculated from data.
.
"
#+
Most Extreme Differences
Absolute .202 .208 .178 .151 .141
Positive .182 .208 .161 .136 .141
Negative .202 .179 .178 .151 .129
Kolmogorov Smirnov Z .855 .881 .754 .641 .596
Asymp. Sig. (2 tailed) .457 .420 .620 .806 .869
a. Test distribution is Normal.
!
5
95% Confidence
Interval of the
Difference
Lower Upper
Pair 1 t 1 – t+1 6.09722 16.41009 3.86790 2.06333 14.25777 1.576 17 .133
Pair 2 t 1 – t+2 6.85944 19.42105 4.57759 2.79842 16.51731 1.498 17 .152
.
! " " )$
95% Confidence
Interval of the
Difference
Lower Upper
Pair 1 t 1 – t+1 .74667 5.68789 1.34065 2.08186 3.57519 .557 17 .585
Pair 2 t 1 – t+2 1.05111 10.31730 2.43181 4.07956 6.18179 .432 17 .671
.
! " " )$
95% Confidence
Interval of the
Difference
Lower Upper
Pair 1 t 1 – t+1 3.14167 11.47348 2.70433 2.56396 8.84730 1.162 17 .261
Pair 2 t 1 – t+2 .70778 20.05085 4.72603 10.67883 9.26328 .150 17 .883
.
! " " #+
95% Confidence
Interval of the
Difference
Lower Upper
Pair 1 t 1 – t+2 .01167 .21770 .05131 .11992 .09659 .227 17 .823
Pair 2 t 1 – t+2 .03889 .26486 .06243 .17060 .09282 .623 17 .542
