BAB V: PENUTUP
5.3 Saran
Berdasarkan penelitian yang telah dilakukan, maka saran yang dapat diajukan pada penelitian ini sebagai berikut :
1. Penelitian selanjutnya diharapkan dapat menambah periode penelitian atau mengganti sampel agar hasilnya lebih baik dan lebih terbaru dengan menggunakan objek penelitian yang berbeda yaitu Jakarta Islamic Index 70.
2. Selanjutnya menambahkan variabel lain yang mempengaruhi harga saham, seperti Return on Asset, Price Earning Ratio, dan variabel makro ekonomi seperti nilai tukar, suku bunga, maupun kebijakan pemerintah.
3. Bagi perusahaan, penelitian ini dapat memberikan pertimbangan yang akurat dalam meningkatkan harga saham di pasar modal. Perusahaan harus memperhatikan rasio ROE dan EPS yang secara signifikan mempengaruhi harga saham. Sehingga perusahaan harus membuat strategi untuk meningkatkan keuntungan dan meningkatkan jumlah ekuitas agar harga saham dapat terus meningkat.
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DAFTAR LAMPIRAN Lampiran 1. Data Input
Nama Tahun Y (Rp) X1 (%) X2 (%) X3(Rp) X4 (X) X5(Rp)
A D R O 2 0 1 4 1 0 4 0 5 , 5 0 5 , 6 0 7 4 , 6 4 0 0 , 9 7 0 0 7 9 7 8 8 4 6 8 1 6 0 0 0 0
A D R O 2 0 1 5 5 1 5 5 , 6 3 4 , 5 0 6 8 , 9 7 5 0 , 7 8 0 0 8 2 1 9 9 2 8 7 0 5 5 0 0 0
A D R O 2 0 1 6 1 6 9 5 1 3 , 5 1 9 , 0 0 1 3 4 , 3 6 0 0 , 7 2 0 0 8 7 6 3 3 0 4 5 0 5 2 0 0 0
A D R O 2 0 1 7 1 8 6 0 1 6 , 4 5 1 3 , 1 0 2 0 3 , 2 2 0 0 , 6 7 0 0 9 2 3 1 8 0 6 3 5 5 6 0 0 0
AKRA 2 0 1 4 4 1 2 0 3 , 6 0 1 5 , 0 0 2 0 7 , 8 0 0 1 , 4 8 0 0 1 4 7 9 0 1 0 3 9 1 1 0 0 0
AKRA 2 0 1 5 7 1 7 5 5 , 2 0 1 7 , 0 0 2 6 2 , 7 0 0 1 , 0 9 0 0 1 5 2 0 3 1 2 9 5 6 3 0 0 0
AKRA 2 0 1 6 6 0 0 0 6 , 6 0 1 4 , 8 0 2 5 4 , 9 0 0 0 , 9 6 0 0 1 5 8 3 0 7 4 0 7 1 0 0 0 0
AKRA 2 0 1 7 6 3 5 0 6 , 6 0 1 5 , 9 0 3 0 2 , 5 0 0 0 , 8 6 0 0 1 6 8 2 3 2 0 8 5 3 1 0 0 0
ASII 2 0 1 4 7 4 2 5 1 1 , 0 0 1 8 , 0 0 4 7 4 , 0 0 0 1 , 0 0 0 0 2 3 6 0 2 7 0 0 0 0 0 0 0 0 0
ASII 2 0 1 5 6 0 0 0 8 , 0 0 1 2 , 0 0 3 5 7 , 0 0 0 0 , 9 0 0 0 2 4 5 4 3 5 0 0 0 0 0 0 0 0 0
ASII 2 0 1 6 8 2 7 5 1 0 , 0 0 1 3 , 0 0 3 7 4 , 0 0 0 0 , 9 0 0 0 2 6 1 8 5 5 0 0 0 0 0 0 0 0 0 ASII 2 0 1 7 8 3 0 0 1 1 , 0 0 1 5 , 0 0 4 6 6 , 0 0 0 0 , 9 0 0 0 2 9 5 6 4 6 0 0 0 0 0 0 0 0 0
BSDE 2 0 1 4 1 8 0 5 6 8 , 0 0 2 1 , 7 0 2 1 1 , 1 9 0 0 , 5 2 9 6 2 8 2 0 6 8 5 9 1 5 9 5 7 8
BSDE 2 0 1 5 1 8 0 0 3 4 , 5 0 1 0 , 6 0 1 1 2 , 4 4 0 0 , 6 3 1 8 3 6 2 0 5 8 8 8 0 0 0 0 0 0
BSDE 2 0 1 6 1 7 5 5 2 7 , 2 0 8 , 3 0 9 3 , 3 2 0 0 , 5 7 5 3 3 8 5 3 6 8 2 5 0 0 0 0 0 0
BSDE 2 0 1 7 1 7 0 0 4 7 , 6 0 1 7 , 7 0 2 5 5 , 6 4 0 0 , 5 7 3 8 4 5 9 5 1 1 8 8 0 0 0 0 0 0
ICBP 2 0 1 4 1 3 1 0 0 8 , 8 0 1 8 , 8 0 2 2 7 , 0 0 0 0 , 7 2 0 0 2 5 0 2 9 4 8 8 0 0 0 0 0 0
ICBP 2 0 1 5 1 3 4 7 5 9 , 5 0 1 8 , 9 0 2 5 7 , 0 0 0 0 , 6 2 0 0 2 6 5 6 0 6 2 4 0 0 0 0 0 0
ICBP 2 0 1 6 8 5 7 5 1 0 , 5 0 2 0 , 8 0 3 0 9 , 0 0 0 0 , 5 6 0 0 2 8 9 0 1 9 4 8 0 0 0 0 0 0
ICBP 2 0 1 7 8 9 0 0 1 0 , 7 0 1 8 , 3 0 3 2 6 , 0 0 0 0 , 5 6 0 0 3 1 6 1 9 5 1 4 0 0 0 0 0 0
INCO 2 0 1 4 3 6 2 5 1 7 , 0 0 1 0 , 0 0 2 1 0 , 9 5 0 0 , 3 0 7 4 2 9 0 3 7 3 2 3 6 0 0 0 0 0
INCO 2 0 1 5 1 6 3 5 6 , 0 0 3 , 0 0 6 8 , 9 8 0 0 , 2 4 8 2 3 1 5 7 8 9 7 5 9 9 5 0 0 0
INCO 2 0 1 6 2 8 2 0 0 , 0 0 0 , 0 0 2 , 6 9 0 0 , 2 1 3 1 2 9 9 0 1 7 1 0 5 1 2 0 0 0
INCO 2 0 1 7 2 8 9 0 - 2 , 0 0 - 1 , 0 0 2 0 , 4 2 0 0 , 2 0 0 7 2 9 5 9 6 4 0 5 3 3 2 0 0 0
INDF 2 0 1 4 6 7 5 0 6 , 2 0 1 3 , 6 0 4 4 9 , 0 0 0 1 , 1 4 0 0 8 6 0 7 7 2 5 1 0 0 0 0 0 0
INDF 2 0 1 5 5 1 7 5 4 , 6 0 8 , 9 0 3 3 8 , 0 0 0 1 , 1 3 0 0 9 1 8 3 1 5 2 6 0 0 0 0 0 0
INDF 2 0 1 6 7 9 2 5 6 , 2 0 1 2 , 1 0 4 7 2 , 0 0 0 0 , 8 7 0 0 8 2 1 7 4 5 1 5 0 0 0 0 0 0
INDF 2 0 1 7 7 6 2 5 5 , 9 0 1 1 , 3 0 4 7 5 , 0 0 0 0 , 8 8 0 0 8 7 9 3 9 4 8 8 0 0 0 0 0 0
KLBF 2 0 1 4 1 8 3 0 1 1 , 9 0 2 1 , 1 6 4 4 , 0 8 0 0 , 2 7 4 0 1 2 4 3 9 2 6 7 3 9 6 0 1 5
KLBF 2 0 1 5 1 3 2 0 1 1 , 2 0 1 8 , 3 2 4 2 , 7 6 0 0 , 2 5 2 2 1 3 6 9 6 4 1 7 3 8 1 4 3 9
KLBF 2 0 1 6 1 5 1 5 1 1 , 8 7 1 8 , 4 5 4 9 , 0 6 0 0 , 2 2 1 6 1 5 2 2 6 0 0 9 2 1 0 6 5 7
KLBF 2 0 1 7 1 6 9 0 1 1 , 9 1 1 7 , 3 0 5 1 , 2 8 0 0 , 1 9 5 9 1 6 6 1 6 2 3 9 4 1 6 3 3 5
LPKR 2 0 1 4 1 0 2 0 2 2 , 0 0 1 6 , 0 0 1 1 2 , 2 6 0 1 , 1 5 0 0 3 7 8 5 6 3 7 6 8 7 4 6 0 2
LPKR 2 0 1 5 1 0 3 5 6 , 0 0 3 , 0 0 2 3 , 5 1 0 1 , 1 8 0 0 4 1 3 2 6 5 5 8 1 7 8 0 4 9
LPKR 2 0 1 6 7 2 0 8 , 0 0 5 , 0 0 3 8 , 7 5 0 1 , 0 7 0 0 4 5 6 0 3 6 8 3 0 0 0 0 0 0
Nama Tahun Y (Rp) X1 (%) X2 (%) X3(Rp) X4 (X) X5 (Rp)
LSIP 2 0 1 4 1 8 9 0 1 9 , 7 0 1 3 , 9 0 1 3 6 , 0 0 0 0 , 2 4 0 0 8 7 1 3 0 7 4 0 0 0 0 0 0
LSIP 2 0 1 5 1 3 2 0 1 4 , 9 0 8 , 7 0 9 1 , 0 0 0 0 , 2 1 0 0 8 8 4 8 7 9 2 0 0 0 0 0 0
LSIP 2 0 1 6 1 7 4 0 1 5 , 4 0 7 , 9 0 8 7 , 0 0 0 0 , 2 4 0 0 9 4 5 9 0 8 8 0 0 0 0 0 0
LSIP 2 0 1 7 1 4 2 0 1 6 , 1 0 9 , 7 0 1 1 2 , 0 0 0 0 , 2 0 0 0 9 7 4 4 3 8 1 0 0 0 0 0 0
P G A S 2 0 1 4 6 0 0 0 2 1 , 8 6 3 2 , 8 6 3 7 3 , 2 0 0 0 , 6 4 4 4 7 0 7 7 8 2 2 5 5 9 6 5 6 0 P G A S 2 0 1 5 2 7 4 5 1 3 , 0 7 1 5 , 3 0 2 7 5 , 9 0 0 0 , 8 9 6 1 8 9 5 9 8 8 3 2 0 9 0 4 9 5 P G A S 2 0 1 6 2 7 0 0 1 0 , 3 7 1 0 , 6 2 1 3 4 , 3 6 0 0 , 9 1 5 6 9 1 8 2 3 6 7 9 2 7 8 0 4 8
P G A S 2 0 1 7 1 7 5 0 4 , 8 4 4 , 7 2 1 3 5 , 4 8 0 0 , 7 5 0 7 8 5 2 5 9 3 1 1 5 7 0 0 6 8
PTPP 2 0 1 4 3 5 7 5 4 , 2 6 3 0 , 0 4 1 1 0 , 0 0 0 5 , 2 4 3 9 1 4 5 7 9 1 5 4 7 3 6 2 0 5
PTPP 2 0 1 5 3 8 7 5 5 , 8 7 2 2 , 2 5 1 5 3 , 0 0 0 2 , 7 2 8 8 1 9 1 2 8 8 1 1 7 8 2 4 1 9
PTPP 2 0 1 6 3 8 1 0 6 , 8 7 1 3 , 0 5 2 0 6 , 0 0 0 1 , 8 9 6 2 3 1 2 1 5 6 7 1 2 5 6 5 6 6
PTPP 2 0 1 7 2 6 4 0 7 , 7 3 1 4 , 7 8 2 3 4 , 0 0 0 1 , 9 3 3 5 4 1 7 8 2 7 8 0 9 1 5 1 1 1
S M G R 2 0 1 4 1 6 2 0 0 2 0 , 6 0 2 3 , 1 0 9 3 7 , 0 0 0 0 , 1 6 3 0 3 4 3 3 1 6 7 4 7 3 7 0 0 0 S M G R 2 0 1 5 1 1 4 0 0 1 6 , 7 8 1 7 , 1 1 7 6 2 , 0 0 0 0 , 1 4 5 8 3 8 1 5 3 1 1 8 9 3 2 0 0 0 S M G R 2 0 1 6 9 1 7 5 1 7 , 3 0 1 5 , 5 7 7 6 2 , 0 0 0 0 , 2 0 4 8 4 4 2 2 6 8 9 5 9 8 2 0 0 0
S M G R 2 0 1 7 9 9 0 0 7 , 2 4 6 , 9 7 3 4 0 , 0 0 0 0 , 3 2 9 2 4 8 9 6 3 5 0 2 9 6 6 0 0 0
S M R A 2 0 1 4 1 5 2 0 2 8 , 0 0 2 5 , 0 0 9 6 , 0 0 0 1 , 4 7 0 0 1 5 8 7 2 6 7 1 8 7 7 0 0 0
S M R A 2 0 1 5 1 6 5 0 1 9 , 0 0 1 4 , 0 0 5 9 , 0 0 0 1 , 4 9 0 0 1 8 7 5 8 2 6 2 0 2 2 0 0 0
S M R A 2 0 1 6 1 3 2 5 1 1 , 0 0 7 , 0 0 2 2 , 0 0 0 1 , 5 5 0 0 2 0 8 1 0 3 1 9 6 5 7 0 0 0
S M R A 2 0 1 7 9 4 5 9 , 0 0 6 , 0 0 2 5 , 0 0 0 1 , 5 9 0 0 2 1 6 6 2 7 1 1 9 9 1 0 0 0
TLKM 2 0 1 4 2 8 6 5 3 2 , 6 0 2 1 , 4 0 1 4 8 , 1 0 0 0 , 8 2 4 0 1 4 1 8 2 2 0 0 0 0 0 0 0 0 0 TLKM 2 0 1 5 3 1 0 5 3 1 , 6 0 2 0 , 6 0 1 5 7 , 8 0 0 0 , 9 6 8 0 1 6 6 1 7 3 0 0 0 0 0 0 0 0 0 TLKM 2 0 1 6 3 9 8 0 3 3 , 7 0 2 2 , 9 0 1 9 6 , 2 0 0 0 , 8 7 8 0 1 7 9 6 1 1 0 0 0 0 0 0 0 0 0 TLKM 2 0 1 7 4 4 4 0 3 4 , 3 0 2 3 , 9 0 2 2 3 , 6 0 0 0 , 9 3 1 0 1 9 8 4 8 4 0 0 0 0 0 0 0 0 0 U N T R 2 0 1 4 1 7 3 5 0 1 0 , 1 0 1 4 , 5 0 1 4 3 7 , 0 0 0 0 , 5 6 5 2 6 0 3 0 6 7 7 7 0 0 0 0 0 0 U N T R 2 0 1 5 1 6 9 5 0 7 , 8 0 9 , 9 0 1 0 3 3 , 0 0 0 0 , 5 7 2 4 6 1 7 1 5 3 9 9 0 0 0 0 0 0 U N T R 2 0 1 6 2 1 2 5 0 1 1 , 0 0 1 2 , 2 0 1 3 4 1 , 0 0 0 0 , 5 0 1 4 6 3 9 9 1 2 2 9 0 0 0 0 0 0 U N T R 2 0 1 7 3 5 4 0 0 1 1 , 5 0 1 6 , 4 0 1 9 8 5 , 0 0 0 0 , 7 3 0 5 8 2 2 6 2 0 9 3 0 0 0 0 0 0 U N V R 2 0 1 4 3 2 3 0 0 1 7 , 6 0 1 2 4 , 9 0 7 7 6 , 0 0 0 2 , 0 0 9 0 1 4 2 8 0 6 7 0 0 0 0 0 0 0 U N V R 2 0 1 5 3 7 0 0 0 1 6 , 1 0 1 2 1 , 2 0 7 6 6 , 0 0 0 2 , 2 5 9 0 1 5 7 2 9 9 4 5 0 0 0 0 0 0 U N V R 2 0 1 6 3 8 8 0 0 1 4 , 9 0 1 3 5 , 8 0 8 3 8 , 0 0 0 2 , 5 6 0 0 1 6 7 4 5 6 9 5 0 0 0 0 0 0 U N V R 2 0 1 7 5 5 9 0 0 1 7 , 0 0 1 3 5 , 4 0 9 1 8 , 0 0 0 2 , 6 5 5 0 1 8 9 0 6 4 1 3 0 0 0 0 0 0
WIKA 2 0 1 4 3 6 8 0 5 , 9 7 2 7 , 4 1 1 0 4 , 2 1 0 2 , 2 6 0 0 1 5 9 5 9 2 2 8 0 3 9 0 0 0
WIKA 2 0 1 5 2 4 4 5 5 , 1 6 2 8 , 1 3 1 0 3 , 3 1 0 2 , 6 0 0 0 1 9 6 6 6 4 5 0 5 2 4 0 0 0
WIKA 2 0 1 6 2 3 6 0 7 , 7 3 1 6 , 4 5 1 6 2 , 2 1 0 1 , 4 6 0 0 3 1 3 5 5 2 0 4 6 9 0 0 0 0
WIKA 2 0 1 7 1 5 5 0 5 , 1 8 1 8 , 9 3 1 3 4 , 1 0 0 2 , 1 2 0 0 4 5 6 8 3 7 7 4 3 0 2 0 0 0
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Lampiran 2. Data Olah
Nama Tahun Ln StockPrice NPM ROE EPS DER Ln TotalAset
A D R O 2 0 1 4 6 , 9 4 6 9 7 5 9 9 0 , 0 5 5 0 0 , 0 5 6 0 7 4 , 6 4 0 0 , 9 7 0 0 3 2 , 0 1 0 4 0 0 1 0 A D R O 2 0 1 5 6 , 2 4 4 1 6 6 9 0 0 , 0 5 6 3 0 , 0 4 5 0 6 8 , 9 7 5 0 , 7 8 0 0 3 2 , 0 4 0 1 6 7 7 4 A D R O 2 0 1 6 7 , 4 3 5 4 3 8 0 2 0 , 1 3 5 1 0 , 0 9 0 0 1 3 4 , 3 6 0 0 , 7 2 0 0 3 2 , 1 0 4 1 7 9 2 7 A D R O 2 0 1 7 7 , 5 2 8 3 3 1 7 7 0 , 1 6 4 5 0 , 1 3 1 0 2 0 3 , 2 2 0 0 , 6 7 0 0 3 2 , 1 5 6 2 6 0 9 4 AKRA 2 0 1 4 8 , 3 2 3 6 0 8 4 4 0 , 0 3 6 0 0 , 1 5 0 0 2 0 7 , 8 0 0 1 , 4 8 0 0 3 0 , 3 2 4 9 7 9 4 2 AKRA 2 0 1 5 8 , 8 7 8 3 5 8 0 4 0 , 0 5 2 0 0 , 1 7 0 0 2 6 2 , 7 0 0 1 , 0 9 0 0 3 0 , 3 5 2 5 2 2 4 1 AKRA 2 0 1 6 8 , 6 9 9 5 1 4 7 5 0 , 0 6 6 0 0 , 1 4 8 0 2 5 4 , 9 0 0 0 , 9 6 0 0 3 0 , 3 9 2 9 7 4 7 8 AKRA 2 0 1 7 8 , 7 5 6 2 1 0 0 9 0 , 0 6 6 0 0 , 1 5 9 0 3 0 2 , 5 0 0 0 , 8 6 0 0 3 0 , 4 5 3 7 8 0 5 1 ASII 2 0 1 4 8 , 9 1 2 6 0 7 9 6 0 , 1 1 0 0 0 , 1 8 0 0 4 7 4 , 0 0 0 1 , 0 0 0 0 3 3 , 0 9 4 9 6 7 3 2 ASII 2 0 1 5 8 , 6 9 9 5 1 4 7 5 0 , 0 8 0 0 0 , 1 2 0 0 3 5 7 , 0 0 0 0 , 9 0 0 0 3 3 , 1 3 4 0 5 3 2 6 ASII 2 0 1 6 9 , 0 2 0 9 9 4 2 0 0 , 1 0 0 0 0 , 1 3 0 0 3 7 4 , 0 0 0 0 , 9 0 0 0 3 3 , 1 9 8 8 1 2 0 3 ASII 2 0 1 7 9 , 0 2 4 0 1 0 7 9 0 , 1 1 0 0 0 , 1 5 0 0 4 6 6 , 0 0 0 0 , 9 0 0 0 3 3 , 3 2 0 1 8 3 9 1 BSDE 2 0 1 4 7 , 4 9 8 3 1 5 8 7 0 , 6 8 0 0 0 , 2 1 7 0 2 1 1 , 1 9 0 0 , 5 2 9 6 3 0 , 9 7 0 5 8 6 3 0 BSDE 2 0 1 5 7 , 4 9 5 5 4 1 9 4 0 , 3 4 5 0 0 , 1 0 6 0 1 1 2 , 4 4 0 0 , 6 3 1 8 3 1 , 2 2 0 2 4 2 8 7 BSDE 2 0 1 6 7 , 4 7 0 2 2 4 1 4 0 , 2 7 2 0 0 , 0 8 3 0 9 3 , 3 2 0 0 , 5 7 5 3 3 1 , 2 8 2 6 3 5 3 9 BSDE 2 0 1 7 7 , 4 3 8 3 8 3 5 3 0 , 4 7 6 0 0 , 1 7 7 0 2 5 5 , 6 4 0 0 , 5 7 3 8 3 1 , 4 5 8 6 0 0 8 2 ICBP 2 0 1 4 9 , 4 8 0 3 6 7 5 1 0 , 0 8 8 0 0 , 1 8 8 0 2 2 7 , 0 0 0 0 , 7 2 0 0 3 0 , 8 5 1 0 7 5 7 7 ICBP 2 0 1 5 9 , 5 0 8 5 9 1 4 0 0 , 0 9 5 0 0 , 1 8 9 0 2 5 7 , 0 0 0 0 , 6 2 0 0 3 0 , 9 1 0 4 5 0 9 3 ICBP 2 0 1 6 9 , 0 5 6 6 0 6 2 7 0 , 1 0 5 0 0 , 2 0 8 0 3 0 9 , 0 0 0 0 , 5 6 0 0 3 0 , 9 9 4 9 3 0 1 1 ICBP 2 0 1 7 9 , 0 9 3 8 0 6 5 6 0 , 1 0 7 0 0 , 1 8 3 0 3 2 6 , 0 0 0 0 , 5 6 0 0 3 1 , 0 8 4 7 9 5 5 8 INCO 2 0 1 4 8 , 1 9 5 6 0 9 5 7 0 , 1 7 0 0 0 , 1 0 0 0 2 1 0 , 9 5 0 0 , 3 0 7 4 3 0 , 9 9 9 6 0 3 1 4 INCO 2 0 1 5 7 , 3 9 9 3 9 8 0 8 0 , 0 6 0 0 0 , 0 3 0 0 6 8 , 9 8 0 0 , 2 4 8 2 3 1 , 0 8 3 5 1 2 7 0 INCO 2 0 1 6 7 , 9 4 4 4 9 2 1 6 0 , 0 0 0 0 0 , 0 0 0 0 2 , 6 9 0 0 , 2 1 3 1 3 1 , 0 2 8 9 3 6 8 0 INCO 2 0 1 7 7 , 9 6 9 0 1 1 7 8 - 0 , 0 2 0 0 - 0 , 0 1 0 0 2 0 , 4 2 0 0 , 2 0 0 7 3 1 , 0 1 8 6 7 4 0 3 INDF 2 0 1 4 8 , 8 1 7 2 9 7 7 8 0 , 0 6 2 0 0 , 1 3 6 0 4 4 9 , 0 0 0 1 , 1 4 0 0 3 2 , 0 8 6 2 6 6 2 8 INDF 2 0 1 5 8 , 5 5 1 5 9 4 6 2 0 , 0 4 6 0 0 , 0 8 9 0 3 3 8 , 0 0 0 1 , 1 3 0 0 3 2 , 1 5 0 9 7 6 7 8 INDF 2 0 1 6 8 , 9 7 7 7 7 7 6 0 0 , 0 6 2 0 0 , 1 2 1 0 4 7 2 , 0 0 0 0 , 8 7 0 0 3 2 , 0 3 9 8 6 6 3 3 INDF 2 0 1 7 8 , 9 3 9 1 8 7 6 0 0 , 0 5 9 0 0 , 1 1 3 0 4 7 5 , 0 0 0 0 , 8 8 0 0 3 2 , 1 0 7 6 7 0 0 6 KLBF 2 0 1 4 7 , 5 1 2 0 7 1 2 5 0 , 1 1 9 0 0 , 2 1 1 6 4 4 , 0 8 0 0 , 2 7 4 0 3 0 , 1 5 1 8 7 9 3 1 KLBF 2 0 1 5 7 , 1 8 5 3 8 7 0 2 0 , 1 1 2 0 0 , 1 8 3 2 4 2 , 7 6 0 0 , 2 5 2 2 3 0 , 2 4 8 1 5 5 4 1 KLBF 2 0 1 6 7 , 3 2 3 1 7 0 7 2 0 , 1 1 8 7 0 , 1 8 4 5 4 9 , 0 6 0 0 , 2 2 1 6 3 0 , 3 5 4 0 2 6 2 1 KLBF 2 0 1 7 7 , 4 3 2 4 8 3 8 1 0 , 1 1 9 1 0 , 1 7 3 0 5 1 , 2 8 0 0 , 1 9 5 9 3 0 , 4 4 1 4 0 1 6 1 LPKR 2 0 1 4 6 , 9 2 7 5 5 7 9 1 0 , 2 2 0 0 0 , 1 6 0 0 1 1 2 , 2 6 0 1 , 1 5 0 0 3 1 , 2 6 4 8 2 0 5 6 LPKR 2 0 1 5 6 , 9 4 2 1 5 6 7 1 0 , 0 6 0 0 0 , 0 3 0 0 2 3 , 5 1 0 1 , 1 8 0 0 3 1 , 3 5 2 5 2 6 4 6 LPKR 2 0 1 6 6 , 5 7 9 2 5 1 2 1 0 , 0 8 0 0 0 , 0 5 0 0 3 8 , 7 5 0 1 , 0 7 0 0 3 1 , 4 5 1 0 0 9 6 0 LPKR 2 0 1 7 6 , 1 9 0 3 1 5 4 1 0 , 0 6 0 0 0 , 0 3 0 0 2 6 , 9 7 0 0 , 9 0 0 0 3 1 , 6 7 0 0 6 6 4 1
Nama Tahun Ln StockPrice NPM ROE EPS DER Ln TotalAset
LSIP 2 0 1 4 7 , 5 4 4 3 3 2 1 1 0 , 1 9 7 0 0 , 1 3 9 0 1 3 6 , 0 0 0 0 , 2 4 0 0 2 9 , 7 9 5 8 4 5 7 7 LSIP 2 0 1 5 7 , 1 8 5 3 8 7 0 2 0 , 1 4 9 0 0 , 0 8 7 0 9 1 , 0 0 0 0 , 2 1 0 0 2 9 , 8 1 1 3 0 2 0 7 LSIP 2 0 1 6 7 , 4 6 1 6 4 0 3 9 0 , 1 5 4 0 0 , 0 7 9 0 8 7 , 0 0 0 0 , 2 4 0 0 2 9 , 8 7 7 9 9 7 0 9 LSIP 2 0 1 7 7 , 2 5 8 4 1 2 1 5 0 , 1 6 1 0 0 , 0 9 7 0 1 1 2 , 0 0 0 0 , 2 0 0 0 2 9 , 9 0 7 7 1 1 9 3 P G A S 2 0 1 4 8 , 6 9 9 5 1 4 7 5 0 , 2 1 8 6 0 , 3 2 8 6 3 7 3 , 2 0 0 0 , 6 4 4 4 3 1 , 8 9 0 5 7 2 5 2 P G A S 2 0 1 5 7 , 9 1 7 5 3 6 3 5 0 , 1 3 0 7 0 , 1 5 3 0 2 7 5 , 9 0 0 0 , 8 9 6 1 3 2 , 1 2 6 3 6 3 4 0 P G A S 2 0 1 6 7 , 9 0 1 0 0 7 0 5 0 , 1 0 3 7 0 , 1 0 6 2 1 3 4 , 3 6 0 0 , 9 1 5 6 3 2 , 1 5 0 8 9 1 3 2 P G A S 2 0 1 7 7 , 4 6 7 3 7 1 0 7 0 , 0 4 8 4 0 , 0 4 7 2 1 3 5 , 4 8 0 0 , 7 5 0 7 3 2 , 0 7 6 7 1 8 4 5 PTPP 2 0 1 4 8 , 1 8 1 7 2 0 4 6 0 , 0 4 2 6 0 , 3 0 0 4 1 1 0 , 0 0 0 5 , 2 4 3 9 3 0 , 3 1 0 6 1 3 8 7 PTPP 2 0 1 5 8 , 2 6 2 3 0 0 9 4 0 , 0 5 8 7 0 , 2 2 2 5 1 5 3 , 0 0 0 2 , 7 2 8 8 3 0 , 5 8 2 2 1 6 7 8 PTPP 2 0 1 6 8 , 2 4 5 3 8 4 4 7 0 , 0 6 8 7 0 , 1 3 0 5 2 0 6 , 0 0 0 1 , 8 9 6 2 3 1 , 0 7 1 9 4 1 3 7 PTPP 2 0 1 7 7 , 8 7 8 5 3 4 2 0 0 , 0 7 7 3 0 , 1 4 7 8 2 3 4 , 0 0 0 1 , 9 3 3 5 3 1 , 3 6 3 5 0 5 4 3 S M G R 2 0 1 4 9 , 6 9 2 7 6 6 5 2 0 , 2 0 6 0 0 , 2 3 1 0 9 3 7 , 0 0 0 0 , 1 6 3 0 3 1 , 1 6 7 0 8 9 5 1 S M G R 2 0 1 5 9 , 3 4 1 3 6 8 6 3 0 , 1 6 7 8 0 , 1 7 1 1 7 6 2 , 0 0 0 0 , 1 4 5 8 3 1 , 2 7 2 6 2 8 6 2 S M G R 2 0 1 6 9 , 1 2 4 2 3 7 6 7 0 , 1 7 3 0 0 , 1 5 5 7 7 6 2 , 0 0 0 0 , 2 0 4 8 3 1 , 4 2 0 3 5 4 2 3 S M G R 2 0 1 7 9 , 2 0 0 2 9 0 0 4 0 , 0 7 2 4 0 , 0 6 9 7 3 4 0 , 0 0 0 0 , 3 2 9 2 3 1 , 5 2 2 0 9 6 3 0 S M R A 2 0 1 4 7 , 3 2 6 4 6 5 6 1 0 , 2 8 0 0 0 , 2 5 0 0 9 6 , 0 0 0 1 , 4 7 0 0 3 0 , 3 9 5 6 2 0 0 0 S M R A 2 0 1 5 7 , 4 0 8 5 3 0 5 7 0 , 1 9 0 0 0 , 1 4 0 0 5 9 , 0 0 0 1 , 4 9 0 0 3 0 , 5 6 2 6 5 5 4 1 S M R A 2 0 1 6 7 , 1 8 9 1 6 7 7 4 0 , 1 1 0 0 0 , 0 7 0 0 2 2 , 0 0 0 1 , 5 5 0 0 3 0 , 6 6 6 4 7 0 1 2 S M R A 2 0 1 7 6 , 8 5 1 1 8 4 9 3 0 , 0 9 0 0 0 , 0 6 0 0 2 5 , 0 0 0 1 , 5 9 0 0 3 0 , 7 0 6 6 1 3 5 6 TLKM 2 0 1 4 7 , 9 6 0 3 2 3 6 3 0 , 3 2 6 0 0 , 2 1 4 0 1 4 8 , 1 0 0 0 , 8 2 4 0 3 2 , 5 8 5 5 9 3 8 7 TLKM 2 0 1 5 8 , 0 4 0 7 6 8 9 9 0 , 3 1 6 0 0 , 2 0 6 0 1 5 7 , 8 0 0 0 , 9 6 8 0 3 2 , 7 4 4 0 5 0 5 3 TLKM 2 0 1 6 8 , 2 8 9 0 3 7 1 0 0 , 3 3 7 0 0 , 2 2 9 0 1 9 6 , 2 0 0 0 , 8 7 8 0 3 2 , 8 2 1 8 1 4 5 2 TLKM 2 0 1 7 8 , 3 9 8 4 0 9 6 6 0 , 3 4 3 0 0 , 2 3 9 0 2 2 3 , 6 0 0 0 , 9 3 1 0 3 2 , 9 2 1 7 2 9 6 1 U N T R 2 0 1 4 9 , 7 6 1 3 4 7 7 9 0 , 1 0 1 0 0 , 1 4 5 0 1 4 3 7 , 0 0 0 0 , 5 6 5 2 3 1 , 7 3 0 4 6 5 6 0 U N T R 2 0 1 5 9 , 7 3 8 0 2 3 1 1 0 , 0 7 8 0 0 , 0 9 9 0 1 0 3 3 , 0 0 0 0 , 5 7 2 4 3 1 , 7 5 3 5 5 4 5 9 U N T R 2 0 1 6 9 , 9 6 4 1 1 2 1 7 0 , 1 1 0 0 0 , 1 2 2 0 1 3 4 1 , 0 0 0 0 , 5 0 1 4 3 1 , 7 8 9 7 6 7 1 4 U N T R 2 0 1 7 1 0 , 4 7 4 4 6 7 1 0 0 , 1 1 5 0 0 , 1 6 4 0 1 9 8 5 , 0 0 0 0 , 7 3 0 5 3 2 , 0 4 0 9 3 1 5 2 U N V R 2 0 1 4 1 0 , 3 8 2 8 2 2 5 1 0 , 1 7 6 0 1 , 2 4 9 0 7 7 6 , 0 0 0 2 , 0 0 9 0 3 0 , 2 8 9 9 2 7 9 9 U N V R 2 0 1 5 1 0 , 5 1 8 6 7 3 1 9 0 , 1 6 1 0 1 , 2 1 2 0 7 6 6 , 0 0 0 2 , 2 5 9 0 3 0 , 3 8 6 5 8 7 3 4 U N V R 2 0 1 6 1 0 , 5 6 6 1 7 5 5 3 0 , 1 4 9 0 1 , 3 5 8 0 8 3 8 , 0 0 0 2 , 5 6 0 0 3 0 , 4 4 9 1 6 2 3 3 U N V R 2 0 1 7 1 0 , 9 3 1 3 1 9 6 6 0 , 1 7 0 0 1 , 3 5 4 0 9 1 8 , 0 0 0 2 , 6 5 5 0 3 0 , 5 7 0 5 2 2 2 9 W I K A 2 0 1 4 8 , 2 1 0 6 6 8 0 3 0 , 0 5 9 7 0 , 2 7 4 1 1 0 4 , 2 1 0 2 , 2 6 0 0 3 0 , 4 0 1 0 5 8 3 4 W I K A 2 0 1 5 7 , 8 0 1 8 0 0 4 0 0 , 0 5 1 6 0 , 2 8 1 3 1 0 3 , 3 1 0 2 , 6 0 0 0 3 0 , 6 0 9 9 3 5 2 8 W I K A 2 0 1 6 7 , 7 6 6 4 1 6 9 0 0 , 0 7 7 3 0 , 1 6 4 5 1 6 2 , 2 1 0 1 , 4 6 0 0 3 1 , 0 7 6 4 0 1 3 9 W I K A 2 0 1 7 7 , 3 4 6 0 1 0 2 1 0 , 0 5 1 8 0 , 1 8 9 3 1 3 4 , 1 0 0 2 , 1 2 0 0 3 1 , 4 5 2 7 6 4 3 0
74
Lampiran 3. Hasil Statistik Deskriptif
LN STOCK
PRICE C NPM ROE LN EPS DER
LN TOTAL ASET Mean 8.259526 1.000000 0.136778 0.207878 316.2759 1.013460 31.29319 Median 8.111245 1.000000 0.108500 0.150000 204.6100 0.874000 31.19367 Maximum 10.93132 1.000000 0.680000 1.358000 1985.000 5.243900 33.32018 Minimum 6.190315 1.000000 -0.020000 -0.010000 2.690000 0.145800 29.79585 Std. Dev. 1.078056 0.000000 0.111904 0.274442 366.5554 0.836489 0.893257 Skewness 0.481806 NA 2.288419 3.491277 2.305864 2.237792 0.418175 Kurtosis 2.650772 NA 10.09039 14.30148 8.970317 10.61766 2.410299 Jarque-Bera 3.151521 NA 213.6630 529.4384 170.7381 234.1786 3.141682 Probability 0.206850 NA 0.000000 0.000000 0.000000 0.000000 0.207870 Sum 594.6859 72.00000 9.848000 14.96720 22771.87 72.96910 2253.109 Sum Sq. Dev. 82.51658 0.000000 0.889098 5.347625 9539763. 49.67963 56.65141
Observations 72 72 72 72 72 72 72
Lampiran 4. Hasil Uji Chow
Redundant Fixed Effects Tests Equation: Untitled
Test cross-section fixed effects
Effects Test St atistic d.f. Prob.
Cross-section F 14.691423 (17,49) 0.0000
Cross-section Chi-square 130.161659 17 0.0000
Cross-section fixed effects test equation:
Dependent Variable: LN_STOCKPRICE Method: Panel Least Squares
Date: 09/07/18 Time: 12:06 Sample: 2014 2017
Periods included: 4
Cross-sections included: 18
Total panel (balanced) observations: 72
Variable Coe fficient Std. Error t-Statistic Prob.
C 4.971441 2.368484 2.098997 0.0396
NPM -2.430907 0.586122 -4.147439 0.0001
ROE 1.638491 0.311166 5.265651 0.0000
LN_EPS 0.621093 0.063834 9.729769 0.0000 DER -0.184825 0.088309 -2.092944 0.0402 LN_TOTALASET 0.007988 0.078932 0.101206 0.9197 R-squared 0.7 82359 Mean dependent var 8.259526
Sum squared resid 17.95903 Schwarz criterion 1.805693 Log likelihood -52.17495 Hannan-Quinn criter. 1.691500 F-statistic 47.45020 Durbin-Watson stat 1.007450 Prob(F-statistic) 0.000000
Lampiran 5. Hasil 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 35.116466 5 0.0000
Cross-section random effects test comparisons:
Variable Fixed Random Var(Diff.) Prob.
NPM ROE LN_EPS
DER LN_TOTALASET
-0.7 51803 3.991273 -0.018616 -0.207003 -0.116413
-1.508355 2.420629 0.249244 -0.106834 0.043543
0.535200 0.946510 0.003019 0.005144 0.037778
0 .3011 0.1064 0.0000 0.1625 0.4105
Cross-section random effects test equation:
Dependent Variable: LN_STOCKPRICE Method: Panel Least Squares
Date: 09/07/18 Time: 12:08 Sample: 2014 2017
Periods included: 4
Cross-sections included: 18
Total panel (balanced) observations: 72
Variable Coefficient Std. Error t-Statistic Prob.
C 11. 48180 7.017643 1.636134 0 .1082 NPM -0.751803 0.948986 -0.792217 0.4321
ROE 3.991273 1.068280 3.736169 0.0005
LN_EPS -0.018616 0.085631 -0.217392 0.8288 DER -0.207003 0.109636 -1.888089 0.0649 LN_TOTALASET -0.116413 0.224207 -0.519220 0.6059
Effects Specificat ion Cross-section fixed (dummy variables)
R-squared 0.964304 Mean dependent var 8.259526 Adjusted R-squared 0.948277 S.D. dependent var 1.078056 S.E. of regression 0.245180 Akaike info criterion 0.280392 Sum squared resid 2.945540 Schwarz criterion 1.007661
76
Log likelihood F-statistic Prob(F-statistic)
12.90588 Hannan-Quinn criter.
60.16770 Durbin-Watson stat 0.000000
0.569920 2.573645
Lampiran 6. Hasil Uji Normalitas (Sebelum Outlier)
20
16
1 2 _
8
-1.5 -1.0 -0.5 0.0 0.5 1.0 1.5 2.0
Lampiran 7. Hasil Uji Normalitas (Setelah Outlier)
20-
1 6 -
12
Series: Standardized Residuals S a m p l e 2014 2017
Observations 72
Mean 7.25e-16
Median 0.005794 M a x i m u m 2.149967 M i n i m u m -1.405483
Std. Dev. 0.502935
S k e w n e s s 0.780779 Kurtosis 6.757186
Jarque-Bera 49.66473 Probability 0 . 0 0 0 0 0 0
S e r i e s : S t a n d a r d i z e d R e s i d u a l s S a m p l e 2 0 1 4 2 0 1 7
O b s e r v a t i o n s 6 8
M e a n - 2 . 3 2 e - 1 6
Median 0 . 0 3 6 9 0 2
M a x i m u m 1 . 3 0 8 4 1 7 Minimum - 1 . 5 2 4 4 5 2 S t d . Dev. 0 . 4 9 5 9 3 5 S k e w n e s s - 0 . 0 8 1 6 2 0 Kurtosis 4 . 0 2 5 8 1 4
Jarque-Bera 3 . 0 5 7 0 0 2 Probability 0 . 2 1 6 8 6 0
- 1 . 5 - 1 . 0 - 0 . 5 0 . 0 0.5 1.0 1.5
Lampiran 8. Hasil Uji Multikolinieritas
NPM ROE EPS DER LN TOTALASET
NPM 1.000000 0.135709 -0.014589 -0.179063 0.103372 ROE 0.135709 1.000000 0.348395 0.469519 -0.226581 EPS -0.014589 0.348395 1.000000 -0.025349 0.222994 DER -0.179063 0.469519 -0.025349 1.000000 -0.152585 LN TOTALASET 0.103372 -0.226581 0.222994 -0.152585 1.000000
Lampiran 9. Hasil Uji Heteroskedastisitas
Dependent Variable: RESABS Method: Panel Least Squares Date: 11/05/18 Time: 13:53 Sample: 2014 2017
Periods included: 4
Cross-sections included: 17
Total panel (balanced) observations: 68
Variable Coe fficient Std. Error t-Statistic Prob.
NPM -0.1 39534 0.312939 -0.445882 0 .6578 ROE -0.066653 0.415889 -0.160265 0.8734 EPS -3.87E-05 0.000124 -0.310729 0.7574 DER -0.006074 0.039469 -0.153888 0.8784 LN_TOTALASET 0.061577 0.083871 0.734187 0.4666 C -1.726315 2.652922 -0.650722 0.5185
Effects Specificat ion Cross-section fixed (dummy variables)
R-squared 0.3 28487 Mean dependent var 0.145153 Adjusted R-squared 0.021926 S.D. dependent var 0.088871 S.E. of regression 0.087892 Akaike info criterion -1.769229 Sum squared resid 0.355348 Schwarz criterion -1.051153 Log likelihood 82.15379 Hannan-Quinn criter. -1.484705 F-statistic 1.071523 Durbin-Watson stat 2.731995 Prob(F-statistic) 0.408533
78
Lampiran 10. Hasil Uji Autokorelasi
Dependent Variable: LN_STOCKPRICE Method: Panel Least Squares
Date: 11/01/18 Time: 17:33 Sample (adjusted): 2015 2017 Periods included: 3
Cross-sections included: 17
Total panel (balanced) observations: 51 Convergence achieved after 12 iterations
Variable Coe fficient Std. Error t-Statistic Prob.
C 21. 17802 7.697735 2.751202 0 .0103 NPM -1.165218 1.452137 -0.802416 0.4291
ROE 2.219943 1.604122 1.383899 0.1773
EPS 0.000710 0.000334 2.128039 0.0423
DER -0.165720 0.223251 -0.742303 0.4641 LN_TOTALASET -0.423131 0.242642 -1.743849 0.0922 AR(1) -0.245824 0.208885 -1.176841 0.2492
Effects Specificat ion Cross-section fixed (dummy variables)
R-squared 0.9 78674 Mean dependent var 8.296148 Adjusted R-squared 0.961919 S.D. dependent var 1.093707 S.E. of regression 0.213431 Akaike info criterion 0.051330 Sum squared resid 1.275473 Schwarz criterion 0.922545 Log likelihood 21.69109 Hannan-Quinn criter. 0.384247 F-statistic 58.40822 Durbin-Watson stat 2.191089 Prob(F-statistic) 0.000000
Inverted AR Roots -.25
Lampiran 11. Hasil Uji Analisis Berganda
Dependent Variable: LN_STOCKPRICE Method: Panel Least Squares
Date: 11/01/18 Time: 17:32 Sample: 2014 2017
Periods included: 4
Cross-sections included: 17
Total panel (balanced) observations: 68
Variable Coe fficient Std. Error t-Statistic
C 19. 87250 6.233547 3.187992
NPM -1.180302 0.735310 -1.605177
ROE 2.723210 0.977211 2.786716
EPS 0.000653 0.000292 2.234440
Effects Specificat ion Cross-section fixed (dummy variables)
R-squared 0.9 73900 Mean dependent var Adjusted R-squared 0.961984 S.D. dependent var S.E. of regression 0.206518 Akaike info criterion Sum squared resid 1.961895 Schwarz criterion Log likelihood 24.06248 Hannan-Quinn criter.
F-statistic 81.73505 Durbin-Watson stat Prob(F-statistic) 0.000000
RIWAYAT HIDUP PENYUSUN SKRIPSI PERSONAL DETAILS
Nama
Tempat, Tanggal Lahir Jenis Kelamin
Agama Alamat
Email Nomor HP
: Renny Harianti
: Jayapura, 18 Maret 1996 : Perempuan
: Islam
: JL. H. Syahrin No 3C Rt 008 Rw 007, Gandaria Utara, Kebayoran Baru, Jakarta Selatan 12140
: [email protected] : 081290720677
EDUCATION
Tahun 2002 - 2006 Tahun 2006 - 2008 Tahun 2008 - 2009 Tahun 2009 - 2011 Tahun 2011 - 2014 Tahun 2014 - 2018
SD 2 Al-Azhar Medan SD Pertiwi 2 Padang SMP Negeri 31 Padang SMP Negeri 2 Banjarbaru
SMAS Unggulan Ar-Rahman Sukabumi STIE Indonesia Banking School
EXPERIENCE
1. Internship at Kantor Perwakilan Bank Indonesia Kediri (13 Februari 2017 - 24 Februari 2017)
2. Internship at Otoritas Jasa Keuangan (01 Agustus 2017 - 31 Oktober 2017)
3. Internship at Bank Mega Syariah Syariah Kantor Pusat (01 November 2017 - 31 Januari 2018)