82 LAMPIRAN I DATA A. HARGA SAHAM PERUSAHAAN Nama Perusahaan Tahun Harga Saham (dalam Rp) BATI 2001 9.217 (PT BAT Indonesia, Tbk) 2002 9.129 2003 9.504 2004 8.500 2005 7.991 2006 5.795 2007 5.008 GGRM (PT Gudang Garam, Tbk) HMSP (PT H.M Sampoerna, Tbk) RMBA (PT Bentoel International Inv, Tbk) 2008 4.758 2001 12.391 2002 10.062 2003 10.541 2004 13.662 2005 13.045 2006 10.037 2007 9.279 2008 7.166 2001 3.204 2002 4.210 2003 3.997 2004 5.566 2005 9.103 2006 8.254 2007 14.091 2008 11.892 2001 156 2002 200 2003 107 2004 112 2005 125 2006 187 2007 370 2008 587
83 B. DATA NILAI TUKAR, SUKU BUNGA DAN INFLASI Indikator Tahun Nilai Tukar 10,314.86 9,401.79 8,660.20 8,929.21 9,708.79 9,162.77 9,1436.66 9,378.68 Suku Bunga 0.1637 0.1293 0.0994 0.0594 0.0860 0.1188 0.0860 0.0866 Inflasi 0.0099 0.1194 0.0660 0.0605 0.1040 0.1417 0.0640 0.1031 C. LABA KOTOR (GROSS PROFIT) EMITEN TAHUN BATI 231.600 349.257 300.919 260.048 251.256 194.155 230.933 206.447 GGRM 5.087.361 4.086.891 4.521.746 4.834.265 5.142.640 4.715.675 5.083.795 5.156.507 HMSP 5.079.814 4.611.435 4.522.390 5.806.724 7.220.810 8.452.561 8.761.953 9.985.249 RMBA 277.765 493.911 357.531 450.266 426.730 701.002 1.004.978 1.116.633 Keterangan : dalam jutaan rupiah D. TOTAL HUTANG (TOTAL LIABILITIES) EMITEN TAHUN BATI 323.724 287.024 224.651 290.839 263.019 260.992 339.566 531.337 GGRM 5.249.926 5.742.994 6.368.028 8.407.536 9.001.696 8.558.428 9.789.435 8.722.350 HMSP 5.079.814 4.422.001 4.197.837 6.386.438 7.112.839 6.873.099 7.514.085 8.085.925 RMBA 1.003.836 976.812 934.671 904.084 728.245 1.156.914 2.317.641 2.725.331 Keterangan : dalam jutaan rupiah E. BEBAN BUNGA (INTEREST EXPENSE) EMITEN TAHUN BATI 4.255 3.779 4.521 1.377 580 1.137 8.374 0 GGRM 362.017 301.576 338.744 329.208 520.855 602.353 335.210 553.073 HMSP 328.558 261.021 337.660 356.756 300.170 226.726 178.893 149.266 RMBA 25.606 39.406 37.445 24.529 34.535 43.728 92.042 176.770 Keterangan : dalam jutaan rupiah
84 LAMPIRAN II NILAI VARIABEL A. HARGA SAHAM (Y) Emiten Tahun Rata-Rata BATI 9,217 9,129 9,504 8,500 7,991 5,765 5,008 4,758 7,487.75 GGRM 12,391 10,062 10,541 13,662 13,045 10,037 9,279 7,166 10,772.86 HMSP 3,204 4,210 3,997 5,566 9,103 8,254 14,091 11,892 7,539.63 RMBA 156 200 107 112 125 187 370 587 230.5 B. NILAI TUKAR (X 1 ) Rata-rata nilai tukar tahunan = Σ nilai tukar bulanan 12 = Gross Profit Rata-rata nilai tukar tahunan Sehingga nilai variabel Nilai Tukar dikaitkan dengan gross profit Emiten Tahun BATI 22.4530 41.9342 34.7473 29.1233 25.8792 21.1896 25.2626 22.0124 GGRM 493.2070 44.6929 522.1295 541.3990 529.6891 455.7220 555.9913 549.8116 HMSP 492.4753 490.4848 522.2039 650.3066 743.7394 922.4897 958.2545 1,064.6753 RMBA 26.9286 52.5337 41.2844 50.4262 43.9530 76.5055 109.9100 119.0608
85 C. SUKU BUNGA (X 2 ) Rata-rata suku bunga tahunan = Liabilities Σ suku bunga bulanan 12 = Rata-rata suku bunga tahunan x Total Sehingga nilai variabel Suku Bunga dikaitkan dengan total hutang Emiten Tahun BATI 52,993.62 37,112.20 22,330.31 17,275.84 22,619.63 31,005.85 29,202.68 46,013.7 GGRM 859,412.89 742,569.12 632,981.98 499,407.82 775,005.86 1,016,741.25 841,891.41 755,355. HMSP 831,565.55 571,764.73 417,264.99 379,354.42 611,704.15 816,524.16 646,211.31 700,240. RMBA 164,327.95 126,301.79 92,906.30 53,702.59 62,629.07 137,441.38 199,317.12 236,013. D. INFLASI (X 3 ) Rata-rata inflasi tahunan = Σ inflasi perbulan 12 = Rata-rata inflasi tahunan x Interest Expense Sehingga nilai variabel Inflasi dikaitkan dengan beban bunga Emiten Tahun BATI 42.12 451.21 298.39 83.31 60.32 161.11 535.94 0 GGRM 3,583.97 36,008.17 22,357.10 19,917.08 54,168.92 85,353.42 21,453.44 57,021.83 HMSP 3,252.72 31,165.91 22,285.56 21,583.74 31,217.68 32,127.07 11,449.15 15,389.32 RMBA 253.50 4,705.08 2,471.37 1,484.00 3,591.64 6,196.26 5,830.69 18,224.98
86 LAMPIRAN III HASIL SPSS 15.00 FOR WINDOWS 1. HASIL REGRESI BERGANDA Unstandardized a Standardized B Std. Error Beta t Sig. 1 (Constant) 3684.521 1124.563 3.276.003 Nilai_Tukar.018.616.005.029.977 Suku_Bunga.008.003.573 2.427.022 Inflasi -.014.053 -.063 -.268.791 2. UJI ASUMSI KLASIK a. Normalitas One-Sample Kolmogorov-Smirnov Test N Normal Parameters a,b Me an Std. Deviation Most Extreme Absolute Differences Positive Negative Kolmogorov-Smirnov Z As ymp. Sig. (2-tailed) a. Test distribution is Normal. b. Calculated from data. Unstandardiz ed Residual 32.0000000 3879.748943.130.130 -.103.733.656
Dependent Variable: Harga_Saham Regression Standardized Residual of Plot P-P Normal Dependent Variable: Harga_Saham Scatterplot 87 1.0 0.8 Expected Cum Prob 0.6 0.4 0.2 0.0 0.0 0.2 0.4 0.6 0.8 1.0 Observed Cum Prob b. Heterokedastisitas 2 Regression Studentized Residual 1 0-1 -2-1 0 1 Regression Standardized Predicted Value 2
88 c. Autokorelasi 1 Summary b Adjusted Std. Error of Durbin- R R Square R Square the Estimate Watson.530 a.281.204 4082.30505 2.051 a. Predictors: (Constant), Inflas i, Nilai_Tukar, Suku_Bunga b. Dependent Variable: Harga_Saham Runs Test Test Value a Cases < Test Value Cases >= Test Value Total Cases Number of Runs Z As ymp. Sig. (2-tailed) a. Median Harga_ Saham 7578.5000 16 16 32 16 -.180.857 d. Multikolinearitas a Unstandardized Standardized Collinearity Statistics B Std. Error Beta t Sig. Tolerance VIF 1 (Constant) 3684.521 1124.563 3.276.003 Nilai_Tukar.018.616.005.029.977.957 1.045 Suku_Bunga.008.003.573 2.427.022.460 2.174 Inflasi -.014.053 -.063 -.268.791.465 2.150
89 3. PENGUJIAN HIPOTESIS a. Uji-F (Uji Signifikan Simultan) 1 Regres sion Residual Total ANOVA b Sum of Squares df Mean Square F Sig. 1.8E+008 3 60788975.77 3.648.024 a 4.7E+008 28 16665214.56 6.5E+008 31 a. Predic tors: (Constant), Inflasi, Nilai_Tukar, Suku_Bunga b. Dependent Variable: Harga_Saham b. Uji-t (Uji Parsial) Unstandardized a Standardized B Std. Error Beta t Sig. 1 (Constant) 3684.521 1124.563 3.276.003 Nilai_Tukar.018.616.005.029.977 Suku_Bunga.008.003.573 2.427.022 Inflasi -.014.053 -.063 -.268.791 4. DESCRIPTIVE STATISTIC Descriptive Statistics Harga_Saham Nilai_Tukar Suku_Bunga Inflasi Valid N (listwise) N Minimum Maximum Mean St d. Deviat ion 32 107.0000 14091. 00 6501.031 4575.5060886 32 21.1896 6950.3066 518.1399 1216.6382635 32 17275. 84 1016741 388412.2 335701.5213 32.0000 85353. 42 16030. 35 20227. 07335 32
90 5. DATA RESIDUAL STATISTIC Residuals Statistics a Minimum Maximum Mean St d. Deviat ion N Predic ted Value 3818.870 10423. 08 6501.031 2425.4492588 32 Std. Predicted Value -1. 106 1.617.000 1.000 32 Standard Error of Predic ted Value 763.902 4031.939 1287.738 662.261 32 Adjust ed Predicted Value 3425.786 42349. 18 7643.016 6831.9830931 32 Residual -6940.74 6348.484.0000000 3879.7489428 32 St d. Residual -1. 700 1.555.000.950 32 St ud. Residual -1. 980 1.583 -.039 1.028 32 Deleted Residual -36783.2 6578.848-1141.98 7793.1525686 32 St ud. Deleted Residual -2. 096 1.629 -.041 1.044 32 Mahal. Distance.117 29.271 2.906 5.504 32 Cook's Distance.000 19.799.646 3.496 32 Centered Leverage Value.004.944.094.178 32 6. DATA COLLINEARITY DIAGNOSTIC Collinearity Diagnostics a Condition Variance Proportions Dimension Eigenvalue Index (Constant) Nilai_Tukar Suku_Bunga Inflasi 1 1 2.764 1.000.04.04.02.03 2.732 1.944.01.95.01.03 3.380 2.698.69.01.01.26 4.125 4.711.26.00.96.69