Lampiran 1 Daftar Sampel Penelitian
NO NAMA BANK KODE
BANK
KRITERIA
1 2 3 4
1 Bank Artha Graha Internasional Tbk. INPC √ √ √ √
2 Bank Bukopin Tbk. BBKP √ √ √ √
3 Bank Bumi Arta Tbk BNBA √ √ √ √
4 Bank Capital Indonesia Tbk BACA √ √ √ √
5 Bank Central Asia Tbk BBCA √ √ √ √
6 Bank CIMB Niaga Tbk BNGA √ √ √ √
7 Bank Danamon Indonesia Tbk. BDMN √ √ √ √
8 Bank Maybank Indonesia Tbk. BNII √ √ √ √
9 Bank Mandiri (Persero) Tbk. BMRI √ √ √ √
10 Bank Mayapada Internasional Tbk. MAYA √ √ √ √
11 Bank Mega Tbk. MEGA √ √ √ √
12 Bank MNC Internasional Tbk BBAP √ √ √ √
13 Bank Negara Indonesia (Persero) Tbk. BBNI √ √ √ √
14 Bank OCBC NISP Tbk. NISP √ √ √ √
15 Bank of India Indonesia Tbk BSWD √ √ √ √
16 Bank Pan Indonesia Tbk. PNBN √ √ √ √
17 Bank Permata Tbk BNLI √ √ √ √
18 Bank QNB Indonesia Tbk BKSW √ √ √ √
19 Bank Rakyat Indonesia (Persero) Tbk. BBRI √ √ √ √ 20 Bank Rakyat Indonesia Agroniaga Tbk AGRO √ √ √ √
21 Bank Sinarmas Tbk. BSIM √ √ √ √
22 Bank Tabungan Negara (Persero) Tbk. BBTN √ √ √ √ 23 Bank Tabungan Pensiunan Nasional Tbk BTPN √ √ √ √
24 Bank Victoria International Tbk. BVIC √ √ √ √
25 Bank Woori Saudara Indonesia 1906 Tbk SDRA √ √ √ √
26 BPD Jawa Barat dan Banten Tbk. BJBR √ √ √ √
27 Bank Windu Kentjana International Tbk MCOR √ √ √ √ 28 Bank Pembangunan Daerah Banten Tbk BEKS √ √ √ √
29 Bank Nusantara Parahyangan Tbk BBNP √ − √ √
30 J Trust Bank BCIC √ − √ √
31 Bank Pembangunan Daerah Jawa Timur (Tbk) BJTM − − − √
32 Bank Maspion Indonesia Tbk BMAS − − − √
33 Bank Mitraniaga Tbk NAGA − − − √
37 Bank Yudha Bhakti Tbk BBYB − − − √
38 Bank Harda Internasional Tbk BBHI − − − √
39 Bank Ina Perdana Tbk BINA − − − √
40 Bank Ganesha Tbk BGTG − − − √
41 Bank Dinar Indonesia Tbk DNAR − − − √
42 Bank National Nobu Tbk NOBU − − − √
Lampiran 2 Hasil Analisis Deskripstif
HARGA_SA... ROE PBV BETA
Mean 2050.336 14.82121 1.739929 0.603810
Median 884.0000 14.80000 1.340000 0.543817
Maximum 13440.00 42.49000 5.650000 1.833106
Minimum 18.00000 -18.96000 0.300000 -0.847800
Std. Dev. 2879.147 9.575987 1.146466 0.531951
Skewness 1.933048 -0.171661 1.380652 0.253128
Kurtosis 6.113318 4.281524 4.355700 2.595505
Jarque-Bera 143.7301 10.26768 55.19924 2.449485
Probability 0.000000 0.005894 0.000000 0.293833
Sum 287047.0 2074.970 243.5900 84.53345
Sum Sq. Dev. 1.15E+09 12746.23 182.6993 39.33316
Lampiran 3 Uji Likelihood Ratio Redundant Fixed Effects Tests Equation: Untitled
Test cross-section fixed effects
Effects Test Statistic d.f. Prob.
Cross-section F 30.217422 (27,109) 0.0000
Cross-section Chi-square 299.362804 27 0.0000
Cross-section fixed effects test equation: Dependent Variable: HARGA_SAHAM Method: Panel Least Squares
Date: 04/11/17 Time: 17:35 Sample: 2011 2015
Periods included: 5
Cross-sections included: 28
Total panel (balanced) observations: 140
Variable Coefficient Std. Error t-Statistic Prob.
C -1767.612 366.5957 -4.821695 0.0000
ROE 62.50661 22.93234 2.725697 0.0073
PBV 972.7506 172.3672 5.643480 0.0000
BETA 1985.735 365.7345 5.429445 0.0000
Lampiran 4 Uji Hausman
Correlated Random Effects - Hausman Test Equation: Untitled
Test cross-section random effects
Test Summary Chi-Sq. Statistic Chi-Sq. d.f. Prob.
Cross-section random 66.701781 3 0.0000
Cross-section random effects test comparisons:
Variable Fixed Random Var(Diff.) Prob.
ROE -25.952467 0.074951 20.443460 0.0000
PBV 20.967632 160.636769 1013.137655 0.0000
BETA 230.052922 533.299561 5584.258532 0.0000
Cross-section random effects test equation: Dependent Variable: HARGA_SAHAM Method: Panel Least Squares
Date: 04/11/17 Time: 17:36 Sample: 2011 2015
Periods included: 5
Cross-sections included: 28
Total panel (balanced) observations: 140
Variable Coefficient Std. Error t-Statistic Prob.
C 2259.592 267.9357 8.433339 0.0000
ROE -25.95247 13.98813 -1.855321 0.0663
PBV 20.96763 105.6097 0.198539 0.8430
BETA 230.0529 232.1139 0.991121 0.3238
Effects Specification
Cross-section fixed (dummy variables)
R-squared 0.942443 Mean dependent var 2050.336
Adjusted R-squared 0.926601 S.D. dependent var 2879.147
S.E. of regression 780.0245 Akaike info criterion 16.34909
Sum squared resid 66319772 Schwarz criterion 17.00045
Log likelihood -1113.436 Hannan-Quinn criter. 16.61379
F-statistic 59.49216 Durbin-Watson stat 0.665636
Lampiran 5 Hasil Olahan data di Excel
NO NAMA BANK KODE
BANK TAHUN
HARGA
SAHAM ROE PBV BETA
1 Bank Artha Graha
Internasional Tbk INPC
2011 92 11.53 0.87 0.63465 2012 115 13.14 0.73 0.77032 2013 103 11.59 0.46 0.24766 2014 88 5.92 0.38 0.34371 2015 73 2.93 0.30 0.39946
2 Bank Bukopin
Tbk BBKP
2011 657 20.10 1.22 0.9872 2012 640 19.47 1.03 1.276 2013 718 19.44 0.91 1.00493 2014 682 11.53 1.01 0.75392 2015 701 14.80 0.85 0.47376
3 Bank Bumi Arta
Tbk BNBA
2011 153 11.94 0.76 0.26712 2012 175 14.84 0.75 0.73392 2013 168 13.15 0.65 0.30856 2014 161 11.34 0.64 0.06878 2015 169 8.97 0.70 0.11678
4 Bank Capital
Indonesia Tbk BACA
2011 134 5.19 1.32 0.31157 2012 120 8.46 0.86 0.56592 2013 113 10.96 0.80 0.03849 2014 91 8.93 0.64 0.34969 2015 170 9.59 1.31 0.85797
5 Bank Central
Asia Tbk BBCA
2011 7350 33.50 5.35 0.97422 2012 7956 30.40 4.56 1.02462 2013 10127 28.20 3.87 1.1688 2014 11541 25.50 4.33 1.12025 2015 13440 21.90 3.80 1.17362
6 Bank CIMB
Niaga Tbk BNGA
2011 1547 19.09 1.85 1.05416 2012 1176 20.88 1.29 0.79227 2013 1175 17.74 0.93 0.62707 2014 969 8.52 0.74 0.46977 2015 674 1.50 0.53 0.46819
7 Bank Danamon
Indonesia Tbk BDMN
8 Bank Maybank
Indonesia Tbk BNII
2011 528 9.19 3.27 0.91099 2012 423 16.04 2.56 0.59288 2013 357 16.42 1.58 0.20058 2014 288 6.10 1.10 0.15979 2015 185 8.47 0.76 0.36233
9 Bank Mandiri
(Persero) Tbk BMRI
2011 6691 23.00 2.86 1.4887 2012 7424 25.80 2.65 1.33029 2013 8800 27.30 2.19 1.47932 2014 9907 27.20 2.54 1.61684 2015 10135 25.60 1.91 1.50009
10 Bank Mayapada
Internasional Tbk MAYA
2011 875 11.53 2.91 0.50718 2012 1966 17.67 5.65 -0.0673 2013 1505 22.85 4.58 0.58936 2014 1503 20.70 2.34 0.24127 2015 1534 23.41 2.17 0.04672
11 Bank Mega Tbk MEGA
2011 3395 9.36 3.01 0.26258 2012 3360 11.27 2.06 -0.0784 2013 2713 9.96 2.41 0.11674 2014 2002 12.38 2.07 0.15761 2015 2584 10.89 3.16 0.17348
12 Bank MNC
Internasional Tbk BABP
2011 116 -18.96 0.92 0.08261 2012 129 0.26 1.28 0.29654 2013 126 -16.28 0.96 0.14434 2014 114 -6.69 1.00 0.5477 2015 78 0.74 1.04 0.82041
13
Bank Negara Indonesia (Persero) Tbk
BBNI
2011 3811 20.10 2.03 1.34074 2012 3782 20.00 1.67 0.79971 2013 4220 22.50 1.61 -0.0064 2014 5128 23.60 1.97 1.60354 2015 5683 17.20 1.46 1.50053
14 Bank OCBC
NISP Tbk NISP
2011 1265 11.30 1.34 0.58271 2012 1230 17.90 1.51 0.33839 2013 1348 11.60 1.46 0.06521 2014 1312 14.80 1.08 -0.2897 2015 1308 12.30 0.92 0.28924
15 Bank of India
Indonesia Tbk BSWD
2011 600 15.26 1.75 0
2015 3288 -4.50 3.50 -0.1025
16 Bank Pan
Indonesia Tbk. PNBN
2011 932 14.72 1.33 0.80961
Indonesia Tbk BKSW
2014 4282 18.60 1.99 0.45752 2015 3466 14.10 1.03 0.33268
24 Bank Victoria
International Tbk. BVIC
2011 132 24.90 0.94 1.00115 2012 127 16.48 0.56 0.8133 2013 128 16.72 0.54 0.4614 2014 124 7.62 0.48 0.28931 2015 112 6.73 0.35 0.1159
25
Bank Woori Saudara Indonesia 1906
Tbk
SDRA
2011 199 23.36 1.54 0.16909 2012 455 27.44 2.99 0.97728 2013 750 13.95 3.95 0.02284 2014 1070 8.35 4.63 0.14449 2015 1151 12.16 1.37 -0.0347
26 BPD Jawa Barat
dan Banten Tbk BJBR
2011 1113 21.00 2.03 1.39077 2012 1032 25.02 1.79 1.09937 2013 1077 26.76 1.34 0.73928 2014 872 19.11 1.06 0.76167 2015 812 23.10 1.01 1.05015
27
Bank Windu Kentjana International Tbk
MCOR
2011 49 6.94 1.28 0.47442 2012 70 15.91 1.04 1.12038 2013 66 10.79 0.90 0.15601 2014 62 5.28 0.99 0.08836 2015 100 6.21 1.41 0.09451
28
Bank Pembangunan Daerah Banten
Tbk
BEKS
