BAB IV

HASIL DAN PEMBAHASAN

4.1

Deskripsi Objek Penelitian

Tabel 4.1
Rincian Pemilihan Sampel
No. Kriteria
1
Emiten anggota indeks LQ45
2
Emiten tidak terdaftar anggota indeks LQ45 berturut-turut
3
Emiten terdaftar anggota indeks LQ45 berturut-turut
4
Emiten mengalami kerugian
5
Jumlah sampel tetap
Sumber : Data diolah
4.1.1 Holding Periode
Gambar 4.1
Holding Periode

Sumber : Tabulasi Microsoft Excel

4.1.2 Market Value
Gambar 4.2
Market Value

Jumlah
45
(19)
26
(1)
25

Sumber : Tabulasi Microsoft Excel

4.1.3 Earning Per Share
Gambar 4.3
Earning Per Share

Sumber : Tabulasi Microsoft Excel

4.2 Hasil Analisis Data
4.2.1 Statistik Deskriptif
Tabel 4.2
Statistik Deskriptif

Descriptive Statistics
N Minimum Maximum Mean Std. Deviation
LN_HP
LN_MV
LN_EPS
Valid N (listwise)

100
100
100

1.82
1.87
3.14

5.42 3.7918
5.78 4.1104
8.22 5.9232

.71754
1.00594
1.18626

100

Sumber : Output SPSS

4.2.2 Uji Asumsi Klasik
4.2.2.1 Uji Normalitas
Tabel 4.3
Uji Normalitas
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N
Normal Parametersa
Most Extreme Differences

Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)

Sumber : Output SPSS

Gambar 4.4
Histogram

Mean
Std. Deviation
Absolute
Positive
Negative

100
.00000
.566246
.067
.067
-.065
.666
.767

Sumber : Output SPSS

Gambar 4.5
Kurva P-P Plot

Sumber : Output SPSS

4.2.2.2 Uji Multikolinieritas

Tabel 4.4
Uji Multikolinieritas
Coefficientsa
Unstandardized
Coefficients
Model

Standardized
Coefficients

Std. Error

Beta

Collinearity Statistics
t

Sig.

Tolerance

VIF

1 (Constant)

1.561

.317

4.917 .000

LN_MV

.340

.063

.477 5.367 .000

.813

1.230

LN_EPS

.141

.054

.232 2.615 .010

.813

1.230

a. Dependent Variable: LN_HP

Sumber : Output SPSS

4.2.2.3 Uji Heteroskedastisitas
Gambar 4.6
Uji Heteroskedastisitas

Sumber : Output SPSS

4.2.2.3 Uji Autokorelasi
Tabel 4.5
Uji Autokorelasi

Runs Test
Unstandardized
Residual
Test Valuea
Cases < Test Value
Cases >= Test Value
Total Cases
Number of Runs
Z
Asymp. Sig. (2-tailed)

.355
50
50
100
56
1.005
.315

a. Median

Sumber : Output SPSS

4.2.3 Analisis Regresi Linier Sederhana
Tabel 4.6
Regresi Linier Berganda
Coefficientsa
Unstandardized
Coefficients
Model

Standardized
Coefficients

Std. Error

Beta

Collinearity Statistics
t

Sig.

Tolerance

VIF

1 (Constant)

1.561

.317

4.917 .000

LN_MV

.340

.063

.477 5.367 .000

.813

1.230

LN_EPS

.141

.054

.232 2.615 .010

.813

1.230

a. Dependent Variable: LN_HP

Sumber : Output SPSS

4.2.4 Uji Hipotesis
4.2.4.1 Uji Statistik T
Tabel 4.7
Uji Statistik T
Coefficientsa
Unstandardized
Coefficients
Model

Standardized
Coefficients

Std. Error

Beta

Collinearity Statistics
t

Sig.

Tolerance

VIF

1 (Constant)

1.561

.317

4.917 .000

LN_MV

.340

.063

.477 5.367 .000

.813

1.230

LN_EPS

.141

.054

.232 2.615 .010

.813

1.230

a. Dependent Variable: LN_HP

Sumber : Output SPSS

4.2.4.2 Uji Statistik F
Tabel 4.8
Uji Statistik F

ANOVAb
Model
1

Sum of Squares

df

Mean Square

Regression

19.229

9.614

Residual

31.743

97

.327

Total

50.972

99

Sig.

29.380

a. Predictors: (Constant), LN_EPS, LN_MV

b. Dependent Variable: LN_HP

Sumber : Output SPSS

4.2.5 Koefisien Determinasi
Tabel 4.9
Koefisien Determinasi
Model Summaryb
Model
1

R Square
a

.614

Adjusted R
Square

.377

.364

a. Predictors: (Constant), LN_EPS, LN_MV

b. Dependent Variable: LN_HP

Sumber : Output SPSS

4.3
4.3.1
4.3.2
4.3.3

Pembahasan
Pembahasan Pengujian Hipotesis 1
Pembahasan Pengujian Hipotesis 2
Pembahasan Pengujian Hipotesis 3

Std. Error of the

Estimate
.57205

Durbin-Watson
1.598

.000a