Model Persamaan Regresi I PBV = α + βDER + ε

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65

LAMPIRAN

Daftar Perusahaan yang menjadi Sampel Penelitian

No. Kode Saham

Nama perusahaan

1 APLN

Agung Podomoro Land Tbk

2 ASRI

Alam Sutera Reality Tbk

3 BAPA

Bekasi Asri Pemula Tbk

4 BIPP

Bhuawanatala Indah Permai Tbk

5 COWL

Cowell Development Tbk

6 CTRA

Ciputra Development Tbk

7 CTRP

Ciputra Porperty Tbk

8 CTRS

Ciputra Surya Tbk

9 DART

Duta Anggada Realty Tbk

10 DILD

Intiland Development Tbk

11 EMDE

Megapolitan Development Tbk

12 FMII

Fortune Mate Indonesia Tbk

13 GMTD

Goa Makassar Tourism Development Tbk

14 GWSA

Greenwood Sejahtera Tbk

15 JIHD

Jakarta Int'I Hotel & Development Tbk

16 JRPT

Jaya Real Proeperty Tbk

17 JSPT

Jakarta Setiabudi Internasional tbk

18 KIJA

jababeka tbk

19 LAMI

Lamicitra Nusantara Tbk

20 LPCK

Lippo Cikarang Tbk

21 LPKR

Lippo Karawaci Tbk

22 MAMI

Mas Murni Indonesia Tbk

23 MDLN

Modernland Realty Ltd tbk

24 MKPI

Metropolitan Kentjana Tbk

25 MTLA

Metropolitan Land Tbk

26 MTSM

Metro Realty tbk

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66

29 PWON

Pakuwon Jati Tbk

30 RBMS

Ristia Bintang Mahkotasejati Tbk

31 RODA

Pikko LandDevelopment Tbk

32 SMDM

Suryamas DutaMakmur Tbk

33 SMRA

summareccon Agung Tbk

Uji Deskriptif

Descriptive Statistics

N Minimum Maximum Mean Std. Deviation STRUKTUR MODAL 165 .07709 2.84944 .7954025 .50312637 NILAI PERUSAHAAN 165 .05678 5.84454 1.2932590 1.03472210 PROFITABILITAS 165 -.27175 .52435 .1118508 .10469150 Valid N (listwise) 165

Model Persamaan Regresi I

PBV = α + βDER + ε

Uji Normalitas

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67

NILAI PERUSAHAAN 1.000 .315

STRUKTUR MODAL .315 1.000

Sig. (1-tailed)

NILAI PERUSAHAAN . .000

STRUKTUR MODAL .000 .

N

NILAI PERUSAHAAN 165 165

STRUKTUR MODAL 165 165

Variables Entered/Removeda

Model Variables Entered

a. Dependent Variable: NILAI PERUSAHAAN b. All requested variables entered.

Coefficient Correlationsa

Model STRUKTUR

MODAL

1

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68

Collinearity Diagnosticsa

Model Dimension Eigenvalue Condition Index Variance Proportions (Constant) STRUKTUR

MODAL

1

1 1.846 1.000 .08 .08

2 .154 3.460 .92 .92

a. Dependent Variable: NILAI PERUSAHAAN

Residuals Statisticsa

Minimum Maximum Mean Std. Deviation N Predicted Value .8275906 2.6248527 1.2932590 .32616728 165 Residual -2.33841252 4.42085505 0E-8 .98196982 165 Std. Predicted Value -1.428 4.083 .000 1.000 165

Std. Residual -2.374 4.488 .000 .997 165

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69

One-Sample Kolmogorov-Smirnov Test

Unstandardized Residual

N 165

Normal Parametersa,b

Mean 0E-7

Std. Deviation .98196982

Most Extreme Differences

Absolute .164

Positive .164

Negative -.119

Kolmogorov-Smirnov Z 2.101

Asymp. Sig. (2-tailed) .000

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71

Uji Heterokedastisitas

Variables Removed

Method

1 DERb _{. Enter}

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72

a. Predictors: (Constant), DER

ANOVAa

a. Dependent Variable: ABS_RES b. Predictors: (Constant), DER

Coefficientsa

Model Unstandardized Coefficients Standardized Coefficients

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73

a. Predictors: (Constant), STRUKTUR MODAL b. Dependent Variable: NILAI PERUSAHAAN

Koefisien Determinasi (R

2

₎

Model Summaryb

a. Predictors: (Constant), STRUKTUR MODAL b. Dependent Variable: NILAI PERUSAHAAN

Coefficientsa

t Sig. Collinearity Statistics

B Std. Error Beta Tolerance VIF

1

(Constant) .778 .144 5.409 .000

STRUKTUR

MODAL .648 .153 .315 4.241 .000 1.000 1.000

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74

Uji Statistik t

Model Persamaan Regresi II

DER = α + βROE + ε

Uji Normalitas

Mean Std. Deviation N PROFITABILITAS .1118508 .10469150 165 STRUKTUR MODAL .7954025 .50312637 165

Coefficientsa

1

(Constant) .778 .144 5.409 .000

STRUKTUR

MODAL .648 .153 .315 4.241 .000 1.000 1.000

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75

PROFITABILITAS 1.000 .199

STRUKTUR MODAL .199 1.000

Sig. (1-tailed)

PROFITABILITAS . .005

STRUKTUR MODAL .005 .

N

PROFITABILITAS 165 165

STRUKTUR MODAL 165 165

a. Dependent Variable: PROFITABILITAS b. All requested variables entered.

ANOVAa

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76

Model STRUKTUR

MODAL

1

Correlations STRUKTUR MODAL 1.000 Covariances STRUKTUR MODAL .000 a. Dependent Variable: PROFITABILITAS

Model Dimension Eigenvalue Condition Index Variance Proportions (Constant) STRUKTUR

MODAL

1

1 1.846 1.000 .08 .08

2 .154 3.460 .92 .92

a. Dependent Variable: PROFITABILITAS

Minimum Maximum Mean Std. Deviation N Predicted Value .0821557 .1967651 .1118508 .02079932 165 Residual -.41917396 .40142050 0E-8 .10260457 165 Std. Predicted Value -1.428 4.083 .000 1.000 165

Std. Residual -4.073 3.900 .000 .997 165

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77

Absolute .102

Positive .068

Negative -.102

a. Test distribution is Normal. b. Calculated from data.

Uji Heterokedastisitas

a. Dependent Variable: Uji_Glejser b. All requested variables entered.

Model Summary

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78

a. Dependent Variable: Uji_Glejser

b. Predictors: (Constant), STRUKTUR MODAL

Coefficientsa

a. Dependent Variable: Uji_Glejser

Uji Multikolinieritas

Uji Autokorelasi

Coefficientsa

Model Unstandardized

Coefficients

Standardized Coefficients

1

(Constant) .079 .015 5.257 .000

STRUKTUR

MODAL .041 .016 .199 2.588 .011 1.000 1.000

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79

a. Predictors: (Constant), STRUKTUR MODAL b. Dependent Variable: PROFITABILITAS

Koefisien Determinasi (R

2

₎

Model Summaryb

a. Predictors: (Constant), STRUKTUR MODAL b. Dependent Variable: PROFITABILITAS

Uji Statistik t

Coefficientsa

Coefficients

1

(Constant) .079 .015 5.257 .000

STRUKTUR

MODAL .041 .016 .199 2.588 .011 1.000 1.000

a. Dependent Variable: PROFITABILITAS

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80

PBV = α + βROE + ε

Uji Normalitas

Mean Std. Deviation N NILAI PERUSAHAAN 1.2932590 1.03472210 165 PROFITABILITAS .1118508 .10469150 165

Correlations

NILAI PERUSAHAAN

PROFITABILIT AS

Pearson Correlation

NILAI PERUSAHAAN 1.000 .316

PROFITABILITAS .316 1.000

Sig. (1-tailed)

NILAI PERUSAHAAN . .000

PROFITABILITAS .000 .

N

NILAI PERUSAHAAN 165 165

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81

a. Dependent Variable: NILAI PERUSAHAAN b. All requested variables entered.

ANOVAa

a. Dependent Variable: NILAI PERUSAHAAN b. Predictors: (Constant), PROFITABILITAS

Model PROFITABILIT

AS

1

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82

Model Dimension Eigenvalue Condition Index Variance Proportions (Constant) PROFITABILIT

AS

1

1 1.731 1.000 .13 .13

2 .269 2.537 .87 .87

a. Dependent Variable: NILAI PERUSAHAAN

Minimum Maximum Mean Std. Deviation N Predicted Value .0937762 2.5831041 1.2932590 .32736022 165 Residual -2.00560403 4.26826763 0E-8 .98157277 165 Std. Predicted Value -3.664 3.940 .000 1.000 165

Std. Residual -2.037 4.335 .000 .997 165

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83

One-Sample Kolmogorov-Smirnov Test

Unstandardized Residual

N 165

Normal Parametersa,b

Mean 0E-7

Absolute .141

Positive .141

Negative -.092

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85

Uji Heterokedastisitas

Variables Removed

Method

1 PROFITABILIT

ASb . Enter

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86

a. Predictors: (Constant), PROFITABILITAS

ANOVAa

a. Dependent Variable: uji_glejser

b. Predictors: (Constant), PROFITABILITAS

Coefficientsa

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87

a. Predictors: (Constant), PROFITABILITAS b. Dependent Variable: NILAI PERUSAHAAN

Koefisien Determinasi (R

2

₎

Model Summaryb

a. Predictors: (Constant), PROFITABILITAS b. Dependent Variable: NILAI PERUSAHAAN

Coefficientsa

Coefficients

1

(Constant) .944 .112 8.398 .000

PROFITABILIT

AS 3.127 .734 .316 4.258 .000 1.000 1.000

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88

Uji Statistik t

Coefficientsa

Coefficients

1

(Constant) .944 .112 8.398 .000

PROFITABILIT

AS 3.127 .734 .316 4.258 .000 1.000 1.000

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89

PBV pada Perusahaan Properti dan Real estate

NAMA PERUSAHAAN

STRUKTUR MODAL

2011

2012

2013

2014

2015

Agung Podomoro Land Tbk

1.14513 1.393428 1.728514 1.798828 1.706941

Alam Sutera Reality Tbk

1.15566 1.313336 1.706051 1.656389 1.833794

Bekasi Asri Pemula Tbk

0.83260 0.818745 0.898774 0.769755 0.741223

Bhuawanatala Indah Permai Tbk

1.65590 1.107095

0.29226

0.36398 0.232132

Cowell Development Tbk

1.35428 0.568453 0.644627 1.731773 2.015474

Ciputra Development Tbk

0.50702 0.771471 1.059786 1.038589 1.012128

Ciputra Porperty Tbk

0.19620 0.487667 0.673771

0.81301 0.876196

Ciputra Surya Tbk

0.81074 0.999567 1.312077 1.027887 0.911259

Duta Anggada Realty Tbk

0.84079 0.512893 0.629305

0.57516 0.674209

Intiland Development Tbk

0.49826

0.54185 0.837497

1.01444 1.156559

Megapolitan Development Tbk

0.40929

0.69176 0.682143 0.955369 0.812364

Fortune Mate Indonesia Tbk

0.41363 0.421377 0.517229 0.607459 0.311564

Goa Makassar Tourism Development Tbk

1.80899 2.849438 2.241868 1.287572 1.298554

Greenwood Sejahtera Tbk

0.42795 0.257177 0.139814

0.16293 0.085554

Jakarta Int'I Hotel & Development Tbk

0.31721 0.318505

0.28533 0.383749 0.454048

Jaya Real Property Tbk

1.14933 1.250021 1.296568 1.087572 0.830048

Jakarta Setiabudi Internasional tbk

0.77624 0.829231 0.684042 0.549469 0.486205

jababeka tbk

0.59847 0.780403 0.972075 0.824446 0.956845

Lamicitra Nusantara Tbk

1.08654 0.886652 0.706729 0.590363 0.161331

Lippo Cikarang Tbk

1.48581 0.130744 1.118738 0.613284

0.50738

Lippo Karawaci Tbk

0.94060 1.168184 1.207738 1.139876 1.184653

Mas Murni Indonesia Tbk

0.14058

0.1976 0.251238

0.28055 0.331312

Modernland Realty Ltd tbk

1.03139 1.062844 1.063394 0.959614 1.120205

Metropolitan Kentjana Tbk

0.43658 0.493518 0.479545 0.996589 1.018019

Indonesia Prima Property Tbk

0.46971 0.427578 0.527601 0.263543 0.261158

Metropolitan Land Tbk

0.27907

0.11168 0.606163 0.595729 0.635964

Metro Realty tbk

0.47241 0.227858 0.188415 0.133164 0.143834

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90 Pakuwon Jati Tbk

1.42073 1.413697 1.266478 1.024701

0.98604

Ristia Bintang Mahkotasejati Tbk

0.08339 0.077094

0.24378 0.179864 0.083498

Pikko LandDevelopment Tbk

0.57364 0.782258 0.598298 0.457846 0.288786

Suryamas DutaMakmur Tbk

0.19402 0.247494 0.375961 0.429716 0.286464

Summarecon Agung Tbk.

2.26962 1.473522 1.207058 1.566396

1.49122

DER pada Perusahaan Properti dan Real Estate

NAMA PERUSAHAAN

NILAI PERUSAHAAN

2011

2012

2013

2014

2015

Agung Podomoro Land Tbk

1.379241 1.151693 0.904812 0.766301 0.800663

Alam Sutera Reality Tbk

2.467747 2.297752 2.475317 1.710649 1.355116

Bekasi Asri Pemula Tbk

1.455959 1.669446 0.674906

0.38337 0.336582

Bhuawanatala Indah Permai Tbk

1.38165 2.289598 0.426111 0.373873 0.137685

Cowell Development Tbk

0.956276 0.952297 1.514462 2.071852

2.6068

Ciputra Development Tbk

0.945289 1.299472 1.552997 1.491613 1.489966

Ciputra Porperty Tbk

0.778632 0.989355 1.297827 0.966777 0.653165

Ciputra Surya Tbk

0.805513 1.673936 1.858078 1.582121 1.271421

Duta Anggada Realty Tbk

0.458141 0.771219 0.681586 0.604704 0.522282

Intiland Development Tbk

0.785829 0.918276 1.024933 1.262253 1.216744

Megapolitan Development Tbk

0.650136 0.927112 0.722507 0.714857 0.741135

Fortune Mate Indonesia Tbk

1.078775 2.091093 3.136439

4.07453 1.078775

Goa Makassar Tourism Development Tbk

0.386386 0.286444 2.018559 1.046343 1.404507

Greenwood Sejahtera Tbk

1.44115 1.153282

0.69832 0.713553

0.18126

Jakarta Int'I Hotel & Development Tbk

0.489933 0.473372 0.734128 0.626194

0.39517

Jaya Real Property Tbk

0.056776 0.678805 4.235529 4.029469 2.949719

Jakarta Setiabudi Internasional tbk

0.950768 0.940009 0.854153 0.753571 0.877602

jababeka tbk

1.001681 0.948789 1.244958 1.132903 1.055713

Lamicitra Nusantara Tbk

0.883771 1.280624 0.856078 0.807047 0.569136

Lippo Cikarang Tbk

1.297758 0.170529 2.426383 2.254902 1.321775

Lippo Karawaci Tbk

1.659674 1.837614

1.96959 1.381889 1.380588

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91 Modernland Realty Ltd tbk

0.361526 0.335985 0.577499 0.567282 0.466962

Metropolitan Kentjana Tbk

1.719731

1.81187

3.94523 5.844536 5.222694

Indonesia Prima Property Tbk

1.275911 2.214554 2.025731 1.629615 0.726011

Metropolitan Land Tbk

0.185964 0.415091 2.025731 0.495361 0.276894

Metro Realty tbk

0.226991 0.284534 1.345543 0.260817 0.238624

Pembangunan jaya ancol Tbk

1.166868

1.29051 3.697804 1.497976 1.942742

Pakuwon Jati Tbk

1.050197 3.584978 1.287384

2.9575 2.332836

Ristia Bintang Mahkotasejati Tbk

0.222201 0.320871 0.280289 0.218363 0.145022

Pikko LandDevelopment Tbk

1.583565 2.838994 3.330017 2.827036 2.554421

Suryamas DutaMakmur Tbk

0.248793 0.364476 0.433996 0.337938 0.221209

Summarecon Agung Tbk.

1.576939 1.688935

3.06129 3.113594 3.030427

ROE pada Perusahaan Properti dan Real Estate

NAMA PERUSAHAAN

PROFITABILITAS

2011

2012

2013

2014

2015

Agung Podomoro Land Tbk

0.136198

0.13251 0.128973 0.116258 0.123091

Alam Sutera Reality Tbk

0.216277

0.257 0.166844 0.184731 0.103642

Bekasi Asri Pemula Tbk

0.07303 0.051308 0.054333 0.070787 0.011935

Bhuawanatala Indah Permai Tbk

-0.27175

-0.17872 0.239289 0.043418

0.11604

Cowell Development Tbk

0.203401 0.061449 0.041191 0.122699

-0.15219

Ciputra Development Tbk

0.064598 0.100154 0.144733 0.157086 0.133354

Ciputra Porperty Tbk

0.046731 0.080014 0.096685 0.081553

0.06679

Ciputra Surya Tbk

0.102274 0.123686

0.16541 0.193405 0.180727

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