BAB V. KESIMPULAN DAN SARAN
5.2 Saran
Dari hasil penelitian ini, penulis memberikan saran saran sebagai berikut:
1. Penelitian ini menggunakan indeks eckel untuk mengklasifikasikan perataan laba dan klasifikasi Bao untuk kualitas laba. Penulis menyarankan agar pada penelitian selanjutnya metode klasifikasi yang digunakan untuk mengklasifikasikan perataan laba dan kualitas laba berbeda. Misalnya, metode Michelson untul perataan laba dan TACC untuk kualitas laba.
2. Penelitian ini dan penelitian sebelumnya menggunakan perusahaan manufaktur sebagai objek penelitian. Penulis menyarankan agar penelitian selanjutnya digunakan objek penelitian dari perusahaan keuangan. Karena perusahaan keuangan memiliki perlakuan akuntansi yang berbeda, sehingga hasil penelitian akan berbeda dari perusahaan manufaktur
3. Bagi investor agar lebih mempertimbangkan indikator lain selain informasi laba dalam proses pengambilan keputusan, contohnya arus kas operasional. Karena dewasa ini, fenomena perataan laba cukup marak yang menyebabkan hilangnya sifat relevant dan reliable dari laporan keuangan.
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Universitas Gunadarma
Michelson, S.E., J. Jordan- Wagner dan C.W. Wootton. (2000) “ The Relationship between the Smoothing of Reported Income and Risk Adjusted Returns” . Journal of Economic and Finance, Vol. 24, No.2, Summer, PP. 141-159
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Universitas Hasanuddin Makasar
Rahmania, May D. (2007). “ Analisis Perataan Laba: Faktor- Faktor yang Mempengaruhi dan Kaitannya denga Kinerja Saham Perusahaan Publik di Indonesia”. Skripsi Fakultas Ekonomi. Universitas Brawijaya.
Rahmawati, Tika. (2009) “ Hubungan Perataan Laba, Kualitas Laba dan Nilai Perusahaan Pada Perusahaan Manufaktur di BEI periode 2004-2007”. Skripsi S-1, Fakultas Ekonomi Universitas Indonesia.
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Yogyakarta: BPFE
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Perusahaan Tahun CV ∆I CV ∆S Status
_AQUA 2005 4.15 0.41 0
_AQUA 2006 137.25 0.48 0
_AQUA 2007 -580.2 0.5 1
_AQUA 2008 6.25 0.9 0
_AQUA 2009 24.31 0.41 0
_DLTA 2005 2.19 1.16 0
_DLTA 2006 -44.23 2.75 1
_DLTA 2007 23.6 1.32 0
_DLTA 2008 2.03 0.93 0
_DLTA 2009 1.31 1.37 1
_MLBI 2005 -13.26 1.11 1
_MLBI 2006 -1.68 1.21 1
_MLBI 2007 -69.29 0.67 1
_MLBI 2008 2.38 0.91 0
_MLBI 2009 1.4 1.73 1
_MYOR 2005 4.06 0.42 0
_MYOR 2006 4.4 0.4 0
_MYOR 2007 9.64 0.78 0
_MYOR 2008 1.83 0.9 0
_MYOR 2009 1.34 1.53 1
_SKLT 2005 7.59 -14.59 0
_SKLT 2006 21.17 6.05 0
_SKLT 2007 -2.41 1.57 1
_SKLT 2008 -65.64 0.92 1
_SKLT 2009 7.14 1.48 0
_STTP 2005 -2.12 1.75 1
_STTP 2006 -6.26 11.72 1
_STTP 2007 -2.97 -12.85 0
_STTP 2008 -1.7 -1.18 0
_STTP 2009 8.36 -3.42 0
_ULTJ 2005 -1.18 1.22 1
_ULTJ 2006 -2.89 1.25 1
_ULTJ 2007 4.7 0.65 0
_ULTJ 2008 2.02 0.9 0
_ULTJ 2009 16.09 0.32 0
_RMBA 2005 -19.25 -312.09 0
_RMBA 2006 -14.68 -6.86 1
_DVLA 2005 1.72 4.82 1
_DVLA 2006 3.17 7.59 1
_DVLA 2007 3.88 -9.99 0
_DVLA 2008 1.86 0.98 0
_DVLA 2009 -4.47 3.17 1
_INAF 2005 -5.84 3.83 1
_INAF 2006 -5.46 2.44 1
_INAF 2007 2.29 1.82 0
_INAF 2008 -4.75 0.9 1
_INAF 2009 -2.33 -5.46 0
_KAEF 2005 -2.12 2.71 1
_KAEF 2006 -2.78 1.2 1
_KAEF 2007 10.71 1.11 0
_KAEF 2008 -4.58 0.92 1
_KAEF 2009 -2.82 -2.78 1
_KLBF 2005 0.79 1.04 1
_KLBF 2006 0.82 1.16 1
_KLBF 2007 1.31 1.04 0
_KLBF 2008 1.06 0.91 0
_KLBF 2009 -3.65 0.82 1
_MERK 2005 7.43 0.89 0
_MERK 2006 2.91 0.86 0
_MERK 2007 1.17 0,50 0
_MERK 2008 1.13 0.9 0
_MERK 2009 -6.72 2.91 1
_TSPC 2005 -1.73 0.34 1
_TSPC 2006 -1.79 0.25 1
_TSPC 2007 -68.73 0.44 1
_TSPC 2008 4.71 0.9 0
_TSPC 2009 -2.87 -1.79 1
_MRAT 2005 -1.86 11.07 1
_MRAT 2006 -1.37 -74.01 0
_MRAT 2007 2.49 -160.71 0
_MRAT 2008 3.76 0.99 0
_MRAT 2009 -6.94 -1.37 1
_TCID 2005 1.32 0.54 0
_TCID 2006 0.68 0.58 0
_TCID 2007 0.6 0.55 0
_LMPI 2006 55.96 1.08 0
_LMPI 2007 12.93 0.98 0
_LMPI 2008 9.7 0.92 0
_LMPI 2009 -2.18 55.96 1
Perusahaan Tahun
operation
(dlm jutaan) EPS
of earning per share
of earning
rata- rata Cash/share Status
_AQUA 2005 98105 4889 1.52458 1.06077 7453.65446 1
_AQUA 2006 56660 3712 1.15970 1.06077 4304.816897 1
_AQUA 2007 115989 5008 1.75967 1.06077 8812.414527 1
_AQUA 2008 123763 6256 1.50305 1.06077 9403.054247 1
_AQUA 2009 322516 7287 3.36264 1.06077 24503.57089 1
_DLTA 2005 39588 3522 0.70194 1.06077 2472.241304 0
_DLTA 2006 18108 2703 0.41836 1.06077 1130.8312 0
_DLTA 2007 87273 2956 1.84375 1.06077 5450.134266 1
_DLTA 2008 162007 5230 1.93446 1.06077 10117.21726 1
_DLTA 2009 169345 7900 1.33867 1.06077 10575.46993 1
_MLBI 2005 144525 4130 1.66084 1.06077 6859.278595 1
_MLBI 2006 166742 3492 2.26624 1.06077 7913.716184 1
_MLBI 2007 227271 4005 2.69325 1.06077 10786.47366 1
_MLBI 2008 415213 10551 1.86772 1.06077 19706.35975 1
_MLBI 2009 526980 16158 1.54790 1.06077 25010.91599 1
_MYOR 2005 157011 60 3.41381 1.06077 204.8286604 1
_MYOR 2006 24389 122 0.26079 1.06077 31.8166638 0
_MYOR 2007 178699 185 1.26012 1.06077 233.1217354 1
_MYOR 2008 138453 256 0.70554 1.06077 180.6188262 0
_MYOR 2009 446430 485 1.20080 1.06077 582.3901439 1
_SKLT 2005 2525 133 0.02748 1.06077 3.655499899 0
_SKLT 2006 3416 7 0.70649 1.06077 4.945420853 0
_SKLT 2007 3510 8 0.63519 1.06077 5.08150679 0
_SKLT 2008 12762 6 3.07931 1.06077 18.47583751 1
_STTP 2007 5276 12 0.33562 1.06077 4.027480916 0
_STTP 2008 -9780 4 -1.86641 1.06077 -7.465648855 0
_STTP 2009 99953 31.35 2.43381 1.06077 76.3 1
_ULTJ 2005 35661 2 6.17318 1.06077 12.34635862 1
_ULTJ 2006 106878 5 7.40054 1.06077 37.00272332 1
_ULTJ 2007 -63544 10 -2.19999 1.06077 -21.99986013 0
_ULTJ 2008 130839 105 0.43141 1.06077 45.2983712 0
_ULTJ 2009 15688 21 0.25864 1.06077 5.431414543 0
_RMBA 2005 121744 16 1.13008 1.06077 18.08135153 1
_RMBA 2006 -115043 22 -0.77664 1.06077 -17.08612271 0
_RMBA 2007 -552085 36 -2.27765 1.06077 -81.99535877 0
_RMBA 2008 -55097 36 -0.22730 1.06077 -8.182975958 0
_RMBA 2009 444667 4 16.51042 1.06077 66.04169683 1
_DVLA 2005 74205 128 1.03523 1.06077 132.5089286 0
_DVLA 2006 59093 94 1.12259 1.06077 105.5232143 1
_DVLA 2007 93491 89 1.87582 1.06077 166.9482143 1
_DVLA 2008 116185 126 1.64661 1.06077 207.4732143 1
_DVLA 2009 5689 129 0.07875 1.06077 10.15892857 0
_INAF 2005 -54871 3 -5.90201 1.06077 -17.7060342 0
_INAF 2006 73152 5 4.72101 1.06077 23.60503388 1
_INAF 2007 83418 4 6.72943 1.06077 26.91771539 1
_INAF 2008 -187307 2 -30.22056 1.06077 -60.44111004 0
_INAF 2009 40557 1 13.08712 1.06077 13.08712488 1
_KAEF 2005 30596 10 0.55088 1.06077 5.50882247 0
_KAEF 2006 140243 8 3.15635 1.06077 25.25081023 1
_KLBF 2005 534289 62 0.84852 1.06077 52.60821189 0
_KLBF 2006 640610 67 0.94145 1.06077 63.07699882 0
_KLBF 2007 362898 69 0.51786 1.06077 35.73237495 0
_KLBF 2008 807700 70 1.13613 1.06077 79.52934226 1
_KLBF 2009 1363583 97 1.38416 1.06077 134.263785 1
_MERK 2005 67653 2576 1.17245 1.06077 3020.223214 1
_MERK 2006 116777 3863 1.34954 1.06077 5213.258929 1
_MERK 2007 110967 3995 1.24002 1.06077 4953.883929 1
_MERK 2008 145237 4403 1.47259 1.06077 6483.794643 1
_MERK 2009 133442 6549 0.90964 1.06077 5957.232143 0
_TSPC 2005 297704 66 1.00237 1.06077 66.15644444 0
_TSPC 2006 234892 61 0.85571 1.06077 52.19822222 0
_TSPC 2007 294713 62 1.05632 1.06077 65.49177778 0
_TSPC 2008 292296 71 0.91485 1.06077 64.95466667 0
_TSPC 2009 476589 80 1.32386 1.06077 105.9086667 1
_MRAT 2005 11720 20 1.36916 1.06077 27.38317757 1
_MRAT 2006 2333 21 0.25957 1.06077 5.450934579 0
_MRAT 2007 16550 26 1.48724 1.06077 38.6682243 1
_MRAT 2008 30431 52 1.36732 1.06077 71.10046729 1
_MRAT 2009 2437 49 0.11620 1.06077 5.693925234 0
_TCID 2005 92357 595 0.77199 1.06077 459.3367352 0
_TCID 2006 90108 553 0.81040 1.06077 448.1513533 0
_TCID 2007 178543 615 1.44387 1.06077 887.9820556 1
_TCID 2008 101359 571 0.88285 1.06077 504.1081038 0
_TCID 2009 188221 620 1.50986 1.06077 936.1155044 1
_LMPI 2005 47 129 0.00036 1.06077 0.046580773 0
_LMPI 2009 12910 6 2.13247 1.06077 12.79484638 1
PERUSAHAAN TAHUN DS DQ GROUP EARNING DE DQE ETA EDETA PRICE _AQUA 2005 0 1 2 0.125359 0 0.125359 91807146 0.054455 1.615385 _AQUA 2006 0 1 2 0.049101 0 0.049101 39046901 0.021171 1.296296 _AQUA 2007 1 1 1 0.051102 0.051102 0.051102 45559002 0.021643 1.326531 _AQUA 2008 0 1 2 0.048123 0 0.048123 48290930 0.01978 0.973077 _AQUA 2009 0 1 2 0.057833 0 0.057833 66346747 0.024243 1.784127
_DLTA 2005 0 0 2 0.23878 0 0 128412120 0.058125 2.474576
_DLTA 2006 1 0 3 0.073054 0.073054 0 41731617 0.017639 0.616216 _DLTA 2007 0 1 2 0.129649 0 0.129649 76798825 0.028791 0.635965 _DLTA 2008 0 1 2 0.36069 0 0.36069 251868504 0.090039 1.310345
_DLTA 2009 1 1 1 0.395 0.395 0.395 300368270 0.083531 3.1
_MLBI 2005 1 1 1 0.10325 0.10325 0.10325 59408501 0.062345 0.0205 _MLBI 2006 1 1 1 0.06984 0.06984 0.06984 42632920 0.047126 0.0312 _MLBI 2007 1 1 1 0.077767 0.077767 0.077767 48358236 0.053029 0.033981 _MLBI 2008 0 1 2 0.183496 0 0.183496 172740789 0.116391 0.019826 _MLBI 2009 1 1 1 0.326424 0.326424 0.326424 324291060 0.291812 0.090909
_MYOR 2005 0 1 2 0.05 0 0.05 72998450 0.018792 41.66667
_MYOR 2006 0 0 4 0.14878 0 0 231112188 0.05387 62.80488
_MYOR 2007 0 1 2 0.117834 0 0.117834 223081131 0.048862 36.6242
_MYOR 2008 0 0 4 0.146286 0 0 427592850 0.082393 28.28571
_MYOR 2009 1 1 1 0.429204 0.429204 0.429204 1.393E+09 0.214565 132.8319
_SKLT 2005 0 0 4 0.295556 0 0 27911084 0.240376 0.888889
_SKLT 2006 0 0 4 0.0175 0 0 2832882.5 0.0077 0.7125
_SKLT 2007 1 0 3 0.02807 0.02807 0 5128336.8 0.013259 0.214035 _SKLT 2008 1 1 1 0.098361 0.098361 0.098361 19770787 0.049099 1.47541
_SKLT 2009 0 0 4 0.205889 0 0 40392518 0.086806 1.666667
_STTP 2008 0 0 4 0.010959 0 0 6868493.2 0.004604 0.39726 _STTP 2009 0 1 2 0.216207 0 0.216207 118637048 0.056822 1.517241
_ULTJ 2005 1 1 1 0.005 0.005 0.005 6272220 0.00175 0.775
_ULTJ 2006 1 1 1 0.016129 0.016129 0.016129 20146452 0.005593 1.403226
_ULTJ 2007 0 0 4 0.022989 0 0 31329425 0.008948 1.494253
_ULTJ 2008 0 0 4 0.177966 0 0 309775983 0.061753 1.355932
_ULTJ 2009 0 0 4 0.028 0 0 48515656 0.008697 0.746667
_RMBA 2005 0 1 2 0.145455 0 0.145455 267973382 0.057496 1.227273 _RMBA 2006 1 0 3 0.169231 0.169231 0 397344031 0.083386 2.384615
_RMBA 2007 0 0 4 0.116129 0 0 448160516 0.069742 1.806452
_RMBA 2008 1 0 3 0.064286 0.064286 0 286427057 0.039322 0.928571
_RMBA 2009 0 1 2 0.007692 0 0.007692 33097377 0.004554 1.25
_DVLA 2005 1 0 3 0.009481 0.009481 0 5220778.7 0.002756 0.055556 _DVLA 2006 1 1 1 0.008174 0.008174 0.008174 4555632.3 0.002127 0.131304 _DVLA 2007 0 1 2 0.008725 0 0.008725 4894397.9 0.001535 0.156863 _DVLA 2008 0 1 2 0.014824 0 0.014824 9452386.6 0.003018 0.110588 _DVLA 2009 1 0 3 0.028667 0.028667 0 22463573 0.008366 0.331111 _INAF 2005 1 0 3 0.000451 0.000451 0 234055.94 0.00022 0.017293 _INAF 2006 1 1 1 0.000562 0.000562 0.000562 385919.66 0.000332 0.011236 _INAF 2007 0 1 2 0.000412 0 0.000412 416263.09 0.000293 0.021134 _INAF 2008 1 0 3 0.00014 0.00014 0 135078.6 9.69E-05 0.003497 _INAF 2009 0 1 2 0.000116 0 0.000116 84655.116 6.86E-05 0.009651 _KAEF 2005 1 0 3 0.090909 0.090909 0 107054818 0.025737 1.318182 _KAEF 2006 1 1 1 0.061538 0.061538 0.061538 77635938 0.019069 1.269231 _KAEF 2007 0 1 2 0.029032 0 0.029032 40260165 0.010022 0.983871 _KAEF 2008 1 0 3 0.017857 0.017857 0 25815536 0.00615 0.135714 _KAEF 2009 1 1 1 0.021154 0.021154 0.021154 33055529 0.00768 0.244231
_KLBF 2008 0 1 2 0.055118 0 0.055118 314384441 0.013135 0.314961 _KLBF 2009 1 1 1 0.239506 0.239506 0.239506 1.553E+09 0.062496 3.209877 _MERK 2005 0 1 2 0.116036 0 0.116036 25299801 0.020041 1.022523 _MERK 2006 0 1 2 0.170176 0 0.170176 48108645 0.028365 1.674009 _MERK 2007 0 1 2 0.105132 0 0.105132 34805071 0.016142 1.342105 _MERK 2008 0 1 2 0.086333 0 0.086333 32380525 0.010989 0.784314 _MERK 2009 1 0 3 0.184479 0.184479 0 80058481 0.033917 2.422535 _TSPC 2005 1 0 3 0.065964 0.065964 0 154735056 0.012021 1.162001 _TSPC 2006 1 0 3 0.052497 0.052497 0 130152250 0.094717 0.77454 _TSPC 2007 1 0 3 0.068132 0.068132 0 188938868 0.013718 0.824176
_TSPC 2008 0 0 4 0.095946 0 0 284677091 0.021211 0.540541
_TSPC 2009 1 1 1 0.202532 0.202532 0.202532 660881620 0.050873 1.848101 _MRAT 2005 1 1 1 0.04878 0.04878 0.04878 14177854 0.005876 0.658537
_MRAT 2006 0 0 4 0.077778 0 0 22693144 0.007316 1.185185
_MRAT 2007 0 1 2 0.08254 0 0.08254 26082375 0.009515 0.936508 _MRAT 2008 0 1 2 0.17931 0 0.17931 63615903 0.02585 0.524138 _MRAT 2009 1 0 3 0.314103 0.314103 0 114847205 0.042275 2.532051
_TCID 2005 0 0 4 0.152564 0 0 83253468 0.024128 1.051282
_TCID 2006 0 0 4 0.13825 0 0 92918793 0.013277 1.7375
_TCID 2007 0 1 2 0.090441 0 0.090441 65587670 0.00643 1.235294 _TCID 2008 1 0 3 0.073205 0.073205 0 66674499 0.007605 0.666667 _TCID 2009 1 1 1 0.112727 0.112727 0.112727 112120800 0.0129 1.472727
_LMPI 2005 0 0 4 2.58 0 0 1.303E+09 6.667346 3.1
_LMPI 2006 0 1 2 0.02 0 0.02 10177300 0.005146 1.133333
_LMPI 2007 0 1 2 0.084507 0 0.084507 44937127 0.022474 0.915493
_LMPI 2008 0 0 4 0.02459 0 0 13772410 0.007339 0.631148
_LMPI 2009 1 1 0.073171 0.073171 0.073171 39549805 0.01917 2.621951
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation
TA 39 1.E8 6.E9 1.50E9 1.480E9
DETA 39 .1039 1.8043 .403696 .2956764
EPS 39 2.00 16,158.00 1,351.0000 3,136.80919
CFO 39 -187,307 1,363,583 162,939.54 270,410.079
NI 39 35 929,004 151,182.03 209,350.256
SALES 39 208,097 9,087,348 1,976,996.15 2,025,167.452
PRICE 39 50 150,100 12,496.07 34,501.148
Valid N (listwise) 39
Statistik Deskriptif Non Perata Laba
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation
Ta 46 9.E7 6.E9 1.21E9 1.297E9
DETA 46 .0711 2.5842 .379755 .3744889
EPS 46 1 10551 1363.24 2414.787
CFO 46 -552085 807700 1.03E5 181626.978
NI 46 2126 706822 9.29E4 146252.997
SALES 46 132729 9992135 1.68E6 2185930.069
PRICE 46 77 224800 2.12E4 41788.761
Valid N (listwise) 46
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation
TA 46 2.E8 6.E9 1.21E9 1.335E9
DETA 46 .0711 .8940 .354338 .1912032
EPS 46 1 16,158 2,155.51 3,384.505
CFO 46 6,106 1,363,583 185,867.70 240,241.995
NI 46 35 929,004 110,464.22 177,081.295
SALES 46 132,729 9,087,348 1,849,923.70 2,033,967.361
PRICE 46 83 224,800 25,737.11 48,448.138
Valid N (listwise) 46
Statistik Deskriptif Non Quality Earning
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation
TA 39 9.E7 5.E9 1.50E9 1.440E9
DETA 39 .0941 2.5842 .433676 .4550051
EPS 39 2 6549 416.53 1224.917
CFO 39 -552085 640610 6.50E4 194235.381
NI 39 2572 705694 1.30E5 183539.317
SALES 39 167282 9992135 1.78E6 2215063.379
PRICE 39 50 86000 7126.71 18118.368
Valid N (listwise) 39
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation
TA 19 2.E8 6.E9 1.37E9 1.497E9
DETA 19 .2115 .8940 .431089 .1887079
EPS 19 6 16158 4640.63 3956.607
CFO 19 12910 526980 1.60E5 135233.278
NI 19 5992 340458 9.52E4 74998.159
SALES 19 381141 4777175 1.64E6 1240057.760
PRICE 19 215 224800 5.08E4 58992.362
Valid N (listwise) 19
Statistik Deskriptif Grup 2 : Quality Earnings Non Smoothers
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation
TA 28 2.E8 6.E9 1.08E9 1.207E9
DETA 28 .1760 .8133 .408015 .1443984
EPS 28 2 485 64.50 102.634
CFO 28 -552,085 446,430 39,169.89 170,855.177
NI 28 35 372,157 58,732.79 90,403.906
SALES 28 167,282 6,081,726 1,369,737.25 1,614,574.700
PRICE 28 61 150,100 7,607.54 29,421.344
Valid N (listwise) 28
N Minimum Maximum Mean Std. Deviation
TA 20 2.E8 5.E9 1.63E9 1.491E9
DETA 20 .1273 .7112 .328091 .1810418
EPS 20 1 6,549 1,093.85 1,998.638
CFO 20 -187,307 1,363,583 245,766.10 353,703.404
NI 20 2,126 929,004 236,023.50 303,426.151
SALES 20 132,729 9,087,348 2,652,582.55 2,839,449.531
PRICE 20 50 86,000 12,262.93 23,570.845
Valid N (listwise) 20
Statistik Deskriptif Grup 4 : Non Quality Earnings Non Smoothers
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation
TA 18 94,436,000 5.E9 1.41E9 1.437E9
DETA 18 .0711 2.5842 .390887 .6730359
EPS 18 3 620 196.83 253.627
CFO 18 -9,589 476,589 112,434.67 137,835.804
NI 18 2,572 359,964 110,882.06 119,059.512
SALES 18 226,387 9,992,135 1,765,261.89 2,440,980.880
PRICE 18 77 8,400 2,083.00 2,998.089
Valid N (listwise) 18
EARNING DE EDETA ETA EARNING 1.000000 0.154360 0.663036 0.372688
DE 0.154360 1.000000 -0.004144 0.388920 EDETA 0.663036 -0.004144 1.000000 0.060316 ETA 0.372688 0.388920 0.060316 1.000000
Uji Heterokedastisitas
Dependent Variable: REABS Method: Panel Least Squares Date: 08/16/10 Time: 13:39 Sample: 2005 2009
Periods included: 5
Cross-sections included: 17
Total panel (balanced) observations: 85
Variable Coefficient Std. Error t-Statistic Prob.
C 0.219532 0.131023 1.675521 0.0977
EARNING -0.227624 0.240653 -0.945858 0.3471
DE 0.053856 0.181617 0.296535 0.7676
EDETA 0.063439 0.091029 0.696913 0.4879
ETA -0.002393 0.007918 -0.302202 0.7633
R-squared 0.052722 Mean dependent var 0.158070 Adjusted R-squared 0.005358 S.D. dependent var 0.110053 S.E. of regression 0.109757 Akaike info criterion -1.524067 Sum squared resid 0.963734 Schwarz criterion -1.380381 Log likelihood 69.77284 Hannan-Quinn criter. -1.466273 F-statistic 1.113124 Durbin-Watson stat 1.976573 Prob(F-statistic) 0.356208
One-Sample Kolmogorov-Smirnov Test
Unstandardized Residual
N 85
Normal Parametersa Mean .0000000
Std. Deviation .58577030
Most Extreme Differences Absolute .112
Positive .097
Negative -.112
Kolmogorov-Smirnov Z 1.033
Asymp. Sig. (2-tailed) .236
a. Test distribution is Normal.
Uij Hipotesis
Dependent Variable: LOG_PRICE Method: Panel Least Squares Date: 08/16/10 Time: 18:35 Sample: 2005 2009
Periods included: 5
Cross-sections included: 17
Total panel (balanced) observations: 85
Variable Coefficient Std. Error t-Statistic Prob.
C -2.002867 0.985365 -2.032615 0.0462
EARNING 1.499723 0.827219 1.812970 0.0415
DE -0.258779 0.411204 -0.629321 0.5314
EDETA -0.568145 0.292220 -1.944237 0.0563
ETA 0.099870 0.058867 1.696547 0.0426
Effects Specification Cross-section fixed (dummy variables)
R-squared 0.941431 Mean dependent var -0.123467 Adjusted R-squared 0.923128 S.D. dependent var 0.799050 S.E. of regression 0.221543 Akaike info criterion 0.033946 Sum squared resid 3.141193 Schwarz criterion 0.637425 Log likelihood 19.55729 Hannan-Quinn criter. 0.276682 F-statistic 51.43647 Durbin-Watson stat 2.040127 Prob(F-statistic) 0.000000
EARNING DQE EDETA ETA EARNING 1.000000 0.170527 0.663036 0.372688
DQE 0.170527 1.000000 -0.067382 0.377382 EDETA 0.663036 -0.067382 1.000000 0.060316 ETA 0.372688 0.377382 0.060316 1.000000
Uji Heterokedastisitas
Dependent Variable: REABS Method: Panel Least Squares Date: 08/16/10 Time: 5:05 Sample: 2005 2009 Periods included: 5
Cross-sections included: 17
Total panel (balanced) observations: 85
Variable Coefficient Std. Error t-Statistic Prob.
C -0.095116 0.507605 -0.187381 0.8518
EARNING -0.353386 0.835560 -0.422933 0.6735
DQE 0.617401 0.672223 0.918447 0.3611
EDETA 0.077734 0.315995 0.245997 0.8063
ETA 0.029221 0.030622 0.954228 0.3428
R-squared 0.035333 Mean dependent var 0.412463 Adjusted R-squared -0.012900 S.D. dependent var 0.421479 S.E. of regression 0.424189 Akaike info criterion 1.179746 Sum squared resid 14.39489 Schwarz criterion 1.323432 Log likelihood -45.13921 Hannan-Quinn criter. 1.237540 F-statistic 0.732540 Durbin-Watson stat 0.685888 Prob(F-statistic) 0.572418
Unstandardized Residual
N 85
Normal Parametersa Mean .0000000
Std. Deviation .59143526
Most Extreme Differences Absolute .107
Positive .095
Negative -.107
Kolmogorov-Smirnov Z .983
Asymp. Sig. (2-tailed) .289
a. Test distribution is Normal.
Uji Hipotesis
Dependent Variable: LOG_PRICE Method: Panel Least Squares Date: 08/16/10 Time: 13:22 Sample: 2005 2009
Periods included: 5
Cross-sections included: 17
Total panel (balanced) observations: 85
Variable Coefficient Std. Error t-Statistic Prob.
C -2.418553 0.937834 -2.578870 0.0122
EARNING 0.226975 0.770036 0.294759 0.0469
DQE 0.961604 0.367185 2.618857 0.0110
EDETA -0.096525 0.270402 -0.356970 0.0723
ETA 0.126364 0.056050 2.254504 0.0276
Effects Specification Cross-section fixed (dummy variables)
R-squared 0.946773 Mean dependent var -0.123467 Adjusted R-squared 0.920139 S.D. dependent var 0.799050 S.E. of regression 0.211199 Akaike info criterion -0.061685 Sum squared resid 2.854713 Schwarz criterion 0.541793 Log likelihood 23.62163 Hannan-Quinn criter. 0.181051 F-statistic 56.91943 Durbin-Watson stat 2.115526 Prob(F-statistic) 0.000000
Uji Multikolinieritas
EARNING G1E G2E G3E EDETA ETA
EARNING 1.000000 0.157408 0.066463 0.020841 0.663036 0.372688 G1E 0.157408 1.000000 -0.169044 -0.130266 0.000925 0.319521 G2E 0.066463 -0.169044 1.000000 -0.185862 -0.046397 0.168113 G3E 0.020841 -0.130266 -0.185862 1.000000 -0.040829 0.180639 EDETA 0.663036 0.000925 -0.046397 -0.040829 1.000000 0.218760 ETA 0.372688 0.319521 0.168113 0.180639 0.218760 1.000000
Uji Heterokedastisitas
Dependent Variable: REABS Method: Panel Least Squares Date: 08/16/10 Time: 23:57 Sample: 2005 2009
Periods included: 5
Cross-sections included: 17
Total panel (balanced) observations: 85
Variable Coefficient Std. Error t-Statistic Prob.
C 0.219871 0.128131 1.715982 0.0901
EARNING -0.206006 0.292765 -0.703659 0.4837
G1E -0.108151 0.244539 -0.442267 0.6595
G2E -0.168844 0.265787 -0.635263 0.5271
G3E -0.391541 0.313185 -1.250191 0.2150
EDETA 0.053619 0.111758 0.479776 0.6327
ETA -0.002112 0.007742 -0.272861 0.7857
R-squared 0.129196 Mean dependent var 0.146362 Adjusted R-squared 0.062211 S.D. dependent var 0.110395 S.E. of regression 0.106906 Akaike info criterion -1.554967 Sum squared resid 0.891456 Schwarz criterion -1.353808 Log likelihood 73.08611 Hannan-Quinn criter. -1.474055 F-statistic 1.928731 Durbin-Watson stat 1.871336 Prob(F-statistic) 0.086492
Unstandardized Residual
N 85
Normal Parametersa Mean .0000000
Std. Deviation .57996751
Most Extreme Differences Absolute .104
Positive .104
Negative -.095
Kolmogorov-Smirnov Z .958
Asymp. Sig. (2-tailed) .318
a. Test distribution is Normal.
Uji Hipotesis
Dependent Variable: LOG_PRICE Method: Panel Least Squares Date: 08/17/10 Time: 00:46 Sample: 2005 2009
Periods included: 5
Cross-sections included: 17
Total panel (balanced) observations: 85
Variable Coefficient Std. Error t-Statistic Prob.
C -2.636167 0.768337 -3.431006 0.0011
EARNING 0.002569 0.188731 0.013613 0.0892
G1E -0.134348 0.536161 -0.250574 0.8030
G2E 0.978083 0.412115 2.373326 0.0207
G3E 0.919069 0.612989 1.499325 0.1389
EDETA -0.052850 0.141645 -0.373118 0.7103
ETA 0.141144 0.044453 3.175109 0.0023
Effects Specification Cross-section fixed (dummy variables)
R-squared 0.946807 Mean dependent var -0.123467 Adjusted R-squared 0.927932 S.D. dependent var 0.799050 S.E. of regression 0.214509 Akaike info criterion -0.015275 Sum squared resid 2.852862 Schwarz criterion 0.645678 Log likelihood 23.64919 Hannan-Quinn criter. 0.250579 F-statistic 50.16226 Durbin-Watson stat 2.129505 Prob(F-statistic) 0.000000
Uji Heterokedastisitas
Dependent Variable: REABS Method: Panel Least Squares Date: 08/17/10 Time: 01:11 Sample: 2005 2009
Periods included: 5
Cross-sections included: 17
Total panel (balanced) observations: 85
Variable Coefficient Std. Error t-Statistic Prob.
C 1.875039 0.969820 1.933389 0.0578
EARNING -0.158093 0.871853 -0.181330 0.8567
G1E 0.787417 0.603146 1.305517 0.1965
G2E 1.134484 0.604868 1.875589 0.0654
G4E 0.894827 0.715197 1.251161 0.2156
EDETA -0.283753 0.341876 -0.829988 0.4097
ETA -0.085360 0.057987 -1.472048 0.1461
R-squared 0.140237 Mean dependent var 0.418505 Adjusted R-squared 0.074101 S.D. dependent var 0.398868 S.E. of regression 0.383805 Akaike info criterion 1.001399 Sum squared resid 11.48989 Schwarz criterion 1.202558 Log likelihood -35.55945 Hannan-Quinn criter. 1.082311 F-statistic 2.120438 Durbin-Watson stat 0.882289 Prob(F-statistic) 0.060175
EARNING G1E G2E G4E EDETA ETA
EARNING 1.000000 0.157408 0.066463 0.942925 0.663036 0.372688 G1E 0.157408 1.000000 -0.169044 -0.062732 0.042794 0.319521 G2E 0.066463 -0.169044 1.000000 -0.089505 -0.163487 0.168113 G4E 0.942925 -0.062732 -0.089505 1.000000 0.707377 0.214407 EDETA 0.663036 0.042794 -0.163487 0.707377 1.000000 0.060316 ETA 0.372688 0.319521 0.168113 0.214407 0.060316 1.000000
Unstandardized Residual
N 85
Normal Parametersa Mean .0000000
Std. Deviation .59697526
Most Extreme Differences Absolute .123
Positive .123
Negative -.097
Kolmogorov-Smirnov Z 1.132
Asymp. Sig. (2-tailed) .154
a. Test distribution is Normal.
Uji Hipotesis
Dependent Variable: LOG_PRICE Method: Panel Least Squares Date: 08/17/10 Time: 01:17 Sample: 2005 2009
Periods included: 5
Cross-sections included: 17
Total panel (balanced) observations: 85
Variable Coefficient Std. Error t-Statistic Prob.
C -2.636844 0.767655 -3.434936 0.0011
EARNING 0.925690 0.656060 1.410983 0.0632
G1E 0.055392 0.597391 0.092723 0.9264
G2E 1.056243 0.601611 1.755692 0.0441
G4E -0.923307 0.612606 -1.507178 0.1368
EDETA -0.052760 0.141620 -0.372544 0.7108
ETA 0.141169 0.044412 3.178610 0.0023
Effects Specification Cross-section fixed (dummy variables)
R-squared 0.946827 Mean dependent var -0.123467 Adjusted R-squared 0.927959 S.D. dependent var 0.799050 S.E. of regression 0.214469 Akaike info criterion -0.015642 Sum squared resid 2.851814 Schwarz criterion 0.645310 Log likelihood 23.66481 Hannan-Quinn criter. 0.250211 F-statistic 50.18173 Durbin-Watson stat 2.128208 Prob(F-statistic) 0.000000
EARNING G1E G3E G4E EDETA ETA EARNING 1.000000 0.157408 0.020841 0.942925 0.663036 0.372688
G1E 0.157408 1.000000 -0.130266 -0.062732 0.042794 0.319521 G3E 0.020841 -0.130266 1.000000 -0.068973 -0.077753 0.180639 G4E 0.942925 -0.062732 -0.068973 1.000000 0.707377 0.214407 EDETA 0.663036 0.042794 -0.077753 0.707377 1.000000 0.060316 ETA 0.372688 0.319521 0.180639 0.214407 0.060316 1.000000
Uji Heterokedastisitas
Dependent Variable: REABS Method: Panel Least Squares Date: 08/17/10 Time: 14:07 Sample: 2005 2009
Periods included: 5
Cross-sections included: 17
Total panel (balanced) observations: 85
Variable Coefficient Std. Error t-Statistic Prob.
C 0.220305 0.128104 1.719736 0.0894
EARNING -0.376904 0.221060 -1.704989 0.0922
G1E 0.063302 0.211260 0.299641 0.7652
G3E -0.220462 0.276396 -0.797630 0.4275
G4E 0.174939 0.265713 0.658377 0.5122
EDETA 0.052055 0.111678 0.466116 0.6424
ETA -0.002134 0.007740 -0.275754 0.7835
R-squared 0.129730 Mean dependent var 0.146373 Adjusted R-squared 0.062786 S.D. dependent var 0.110399 S.E. of regression 0.106877 Akaike info criterion -1.555518 Sum squared resid 0.890965 Schwarz criterion -1.354358 Log likelihood 73.10951 Hannan-Quinn criter. -1.474606 F-statistic 1.937891 Durbin-Watson stat 1.870091 Prob(F-statistic) 0.085018
Unstandardized Residual
N 85
Normal Parametersa Mean .0000000
Std. Deviation .57993347
Most Extreme Differences Absolute .104
Positive .104
Negative -.095
Kolmogorov-Smirnov Z .960
Asymp. Sig. (2-tailed) .316
a. Test distribution is Normal.
Uji Hipotesis
Dependent Variable: LOG_PRICE Method: Panel Least Squares Date: 08/17/10 Time: 04:46 Sample: 2005 2009
Periods included: 5
Cross-sections included: 17
Total panel (balanced) observations: 85
Variable Coefficient Std. Error t-Statistic Prob.
C -2.362241 0.961146 -2.457733 0.0168
EARNING 1.087011 0.480845 2.260629 0.0273
G1E 0.161230 0.799751 0.201600 0.8409
G3E 1.043780 0.599371 1.741460 0.0866
G4E 0.313193 0.648550 0.482913 0.6309
EDETA -0.190392 0.338815 -0.561935 0.5762
ETA 0.123082 0.057468 2.141728 0.0362
Effects Specification Cross-section fixed (dummy variables)
R-squared 0.946955 Mean dependent var -0.123467 Adjusted R-squared 0.928133 S.D. dependent var 0.799050 S.E. of regression 0.214209 Akaike info criterion -0.018068 Sum squared resid 2.844905 Schwarz criterion 0.642885 Log likelihood 23.76789 Hannan-Quinn criter. 0.247786 F-statistic 50.31044 Durbin-Watson stat 2.142160 Prob(F-statistic) 0.000000
EARNING G2E G3E G4E EDETA ETA EARNING 1.000000 0.066463 0.020841 0.942925 0.663036 0.372688
G2E 0.066463 1.000000 -0.185862 -0.089505 -0.163487 0.168113 G3E 0.020841 -0.185862 1.000000 -0.068973 -0.077753 0.180639 G4E 0.942925 -0.089505 -0.068973 1.000000 0.707377 0.214407 EDETA 0.663036 -0.163487 -0.077753 0.707377 1.000000 0.060316 ETA 0.372688 0.168113 0.180639 0.214407 0.060316 1.000000
Uji Heterokedastisitas
Dependent Variable: REABS Method: Panel Least Squares Date: 08/19/10 Time: 14:59 Sample: 2005 2009
Periods included: 5
Cross-sections included: 17
Total panel (balanced) observations: 85
Variable Coefficient Std. Error t-Statistic Prob.
C -0.018595 0.454186 -0.040943 0.9675
EARNING -0.537627 0.326612 -1.646075 0.1048
G2E 0.041257 0.227191 0.181597 0.8565
G3E -0.209134 0.282387 -0.740594 0.4617
G4E 0.083045 0.272461 0.304797 0.7615
EDETA 0.138941 0.160096 0.867858 0.3888
ETA 0.012279 0.027157 0.452135 0.6527
Effects Specification Cross-section fixed (dummy variables)
R-squared 0.380082 Mean dependent var 0.146303 Adjusted R-squared 0.160112 S.D. dependent var 0.110433 S.E. of regression 0.101207 Akaike info criterion -1.517633 Sum squared resid 0.635060 Schwarz criterion -0.856681 Log likelihood 87.49941 Hannan-Quinn criter. -1.251780 F-statistic 1.727877 Durbin-Watson stat 2.612909 Prob(F-statistic) 0.047935
Unstandardized Residual
N 85
Normal Parametersa Mean .0000000
Std. Deviation .57341438
Most Extreme Differences Absolute .093
Positive .093
Negative -.081
Kolmogorov-Smirnov Z .857
Asymp. Sig. (2-tailed) .455
a. Test distribution is Normal.
Uji Hipotesis
Dependent Variable: LOG_PRICE Method: Panel Least Squares Date: 08/17/10 Time: 05:00 Sample: 2005 2009
Periods included: 5
Cross-sections included: 17
Total panel (balanced) observations: 85
Variable Coefficient Std. Error t-Statistic Prob.
C -2.637238 0.767718 -3.435163 0.0011
EARNING 0.981826 0.458029 2.143589 0.0360
G2E -1.112957 0.480152 -2.317928 0.0238
G3E -0.059591 0.597266 -0.099773 0.9208
G4E -0.979550 0.411772 -2.378868 0.0205
EDETA -0.052698 0.141620 -0.372108 0.7111
ETA 0.141194 0.044416 3.178863 0.0023
Effects Specification Cross-section fixed (dummy variables)
R-squared 0.946828 Mean dependent var -0.123467 Adjusted R-squared 0.927960 S.D. dependent var 0.799050 S.E. of regression 0.214467 Akaike info criterion -0.015664 Sum squared resid 2.851751 Schwarz criterion 0.645288 Log likelihood 23.66574 Hannan-Quinn criter. 0.250189 F-statistic 50.18289 Durbin-Watson stat 2.127709 Prob(F-statistic) 0.000000
C U R R I C U L U M V I T A E
PERSONAL DATA
Name Swasti Paramita
Place, Date of Birth Jakarta, 13 September 1988
Sex Female
Marital Status Single
Mobile Phone 021 940 680 10 /0817 84 84 46 E-mail Address [email protected]
Address Jl Majelis No. 17 Rt. 004/ 05 Meruya Utara, Kembangan Jakarta Barat 11620
Hobbies Listen to music, Reading novel, Browsing Internet & Singing
Strong Point Loyal, hardworking, responsible, honest
Nationality Indonesia
GPA 3.05 (8th Semester)
University STIE Indonesia Banking School
Major Accounting
FORMAL EDUCATION
2006- 2010 STIE Indonesia Banking School Jakarta - Accounting
2003-2006 SMAN 78 Jakarta
2000-2003 SMPN 75 Jakarta
1994-2000 SD YPP Al Kamal Jakarta 1993-1994 TK Islam Parkit Jakarta
NONFORMAL EDUCATION
2006 – 2009 The British Institute
2005 - 2006 Lembaga Belajar Ganesha Operation 2002 – 2003 Lembaga Belajar Nurul Fikri
2000 – 2006 Lembaga Bahasa LIA
TRAINING AND SEMINAR
2010 Trade Financing by Bank Mandiri Learning Center Group 2010 Analisis Kredit Training
2009 Basic Treasury Training by Mata Air
2008 Islam Economic Study Club
2008 Customer Service & Selling Skill Training by E - Depro