Kelompok Piro Ya.docx

1.

+Edy Sugianto

F0316029

Indira Stevi I.

F0316047

Intan Ayu M.

F0316049

A. Uji Nilai Selisih Mutlak 2. Model Summary Adjusted R

Model

R

R Square

,745a

1

Square

,555

Std. Error of the Estimate ,547 1475096,561701777400000

a. Predictors: (Constant), AbsX1_X2, Zscore: Price / earnings ratio - close, Zscore(TobinsQ)

 Uji Koefisien Determinasi Tampilan output SPSS ini menunjukkan nilai adjusted r squre cukup rendah 55,5%% yang berarti variabilitis MarketCaptitalization yang dapat dijelaskan oleh variable ZPrice / earnings ratio close, ZTobinsQ dan, AbsX1_X2 sekitar 55,5% dan sisanya 44,5% dijelaskan oleh variable lain diluar model ini. Jadi dapat disimpulkan model cukup baik.  Uji Signifikasi Simultan ANOVAa Model 1

Sum of Squares

df

Mean Square

Regression

439832966324577,250

3

146610988774859,100

Residual

352497398347793,750 162

2175909866344,406

Total

792330364672371,000 165

F

Sig.

67,379

,000b

a. Dependent Variable: Market capitalisation mil IDR b. Predictors: (Constant), AbsX1_X2, Zscore: Price / earnings ratio - close, Zscore(TobinsQ)

Hasil Anova atau F test menunjukkan bahwa nilai F hitung sebesar 67,379 dengan tingkat signifikasi 0.000 jauh dibawah 0.05. hal berarti bahwa variable independen, ZPrice / earnings ratio - close, ZTobinsQ dan AbsX1_X2 secara bersama-sama atau silmultan mempengaruhi Market Capitalization.



Uji signifikasi parameter individual Coefficientsa Standardized Unstandardized Coefficients

Model 1

B

Std. Error

(Constant)

1963672,933

207901,940

Zscore: Price / earnings

1337049,082

171692,564

1686673,859 -1047296,588

Coefficients Beta

t

Sig.

9,445

,000

,610

7,787

,000

203009,075

,797

8,308

,000

268864,773

-,472

-3,895

,000

ratio - close Zscore(TobinsQ) AbsX1_X2

a. Dependent Variable: Market capitalisation mil IDR

Hasil tampilan output SPSS jelas menunjukkan bahwa secara individu variable ZEarning After Tax memberikan nilai koefisien 1337049,082 dengan probabilitas signifikan 0.000. variable ZTobinsQ memberikan nilai koefisien 1686673,859 dengan probabilitas signifikansi 0,000. Kedua variable ini dapat disimpulkan berpengaruh terhadap Market Capitalisation. Variable moderating AbsX1_X2 ternyata juga signifikan yaitu dengan probabilitas signifikansi 0,000 dan jauh dibawah 0,05. Temuan ini menunjukkna bahwa variable Price / earnings ratio - close memang merupakan variable modetaring. 3.

Uji Residual Coefficientsa Standardized Unstandardized Coefficients

Model 1

B (Constant) TobinsQ

Std. Error

-24006,732

3453,163

20961,608

2081,915

Coefficients Beta

t

,572

Sig.

-6,952

,000

10,068

,000

a. Dependent Variable: Market price - year end IDR

Jelas bahwa walaupun variable Market Capitalisation signifikan, dan nilai koefisien parameternya positif, maka dapat disimpulkan bahwa variable Price / earnings ratio – close merupakan variable modetaring. Price / earnings ratio – close.

4. Menentukan jenis moderator Quasi moderator Model Summaryb Model

R

R Square

,403a

1

Adjusted R

Std. Error of the

Square

Estimate

,163

,158

22144,16022

a. Predictors: (Constant), Market capitalisation mil IDR b. Dependent Variable: AbsRes_1

ANOVAa Model 1

Sum of Squares

Regression

df

Mean Square

F

19601091740,274

1

19601091740,274

Residual

101014949386,158

206

490363831,972

Total

120616041126,433

207

Sig. ,000b

39,973

a. Dependent Variable: AbsRes_1 b. Predictors: (Constant), Market capitalisation mil IDR

Coefficientsa Standardized Unstandardized Coefficients Model 1

B (Constant) Earnings after tax

Coefficients

Std. Error

Beta

.018

.009

3.329E-10

.000

t

.327

1.927

.055

5.357

.000

th IDR a. Dependent Variable: ROA

Model Summary Model 1

R .393a

R Square .154

Adjusted R

Std. Error of the

Square

Estimate .144

.082265786700 000

a. Predictors: (Constant), Price / earnings ratio - close, Earnings after tax th IDR

Sig.

ANOVAa Model 1

Sum of Squares Regression

df

Mean Square

.209

2

.104

Residual

1.144

169

.007

Total

1.353

171

F

Sig. .000b

15.427

a. Dependent Variable: ROA b. Predictors: (Constant), Price / earnings ratio - close, Earnings after tax th IDR

Coefficientsa Standardized Unstandardized Coefficients Model 1

B (Constant) Earnings after tax

Std. Error

Coefficients Beta

.084

.007

1.277E-10

.000

.000

.000

t

Sig.

11.305

.000

.229

3.216

.002

-.291

-4.072

.000

th IDR Price / earnings ratio - close a. Dependent Variable: ROA

Model Summary Model 1

R .402a

Adjusted R

Std. Error of the

Square

Estimate

R Square .162

.147

.082148163600 000

a. Predictors: (Constant), interaksi, Price / earnings ratio - close, Earnings after tax th IDR

ANOVAa Model 1

Sum of Squares Regression

df

Mean Square

.219

3

.073

Residual

1.134

168

.007

Total

1.353

171

F 10.809

a. Dependent Variable: ROA b. Predictors: (Constant), interaksi, Price / earnings ratio - close, Earnings after tax th IDR

Sig. .000b

Coefficientsa Standardized Unstandardized Coefficients Model 1

B

Std. Error

(Constant) Earnings after tax

.081

.008

1.098E-10

.000

.000 6.982E-12

Coefficients Beta

t

Sig.

10.495

.000

.197

2.596

.010

.000

-.300

-4.189

.000

.000

.092

1.218

.225

th IDR Price / earnings ratio - close interaksi a. Dependent Variable: ROA

Dengan membandingkan ketiga regresi ini diperoleh informasi bahwa β2≠0 (signifikan) dan β3=0 (tidak signifikan) maka dapat disimpulkan bahwa variable price / earnings ratio – close merupakan bukan variable quasi modetaror. 5. Menentukan Total Effect Model Summary Model

R .130a

1

Adjusted R

Std. Error of the

Square

Estimate

R Square .017

.011

158875263.200 000020000000

a. Predictors: (Constant), Price / earnings ratio - close

ANOVAa Model 1

Sum of Squares Regression

Residual

Total

df

Mean Square

7405782074000

1 7405782074000

0000.000

0000.000

4291029372000

170 2524134925000

000000.000

0000.000

4365087193000

F

Sig.

2.934

.089b

171

000000.000 a. Dependent Variable: Earnings after tax th IDR b. Predictors: (Constant), Price / earnings ratio - close

Coefficientsa Standardized Model

Unstandardized Coefficients

Coefficients

t

Sig.

B 1

(Constant) Price / earnings ratio - close

Std. Error

Beta

65576661.550

13455080.760

-214139.352

125016.490

-.130

4.874

.000

-1.713

.089

a. Dependent Variable: Earnings after tax th IDR

Model Summary Model

R

R Square

.393a

1

Adjusted R

Std. Error of the

Square

Estimate

.154

.144

.082265786700 000

a. Predictors: (Constant), Price / earnings ratio - close, Earnings after tax th IDR

ANOVAa Model 1

Sum of Squares Regression

df

Mean Square

.209

2

.104

Residual

1.144

169

.007

Total

1.353

171

F

Sig. .000b

15.427

a. Dependent Variable: ROA b. Predictors: (Constant), Price / earnings ratio - close, Earnings after tax th IDR

Coefficientsa Standardized Unstandardized Coefficients Model 1

B (Constant) Earnings after tax

Std. Error .084

.007

1.277E-10

.000

.000

.000

Coefficients Beta

t

Sig.

11.305

.000

.229

3.216

.002

-.291

-4.072

.000

th IDR Price / earnings ratio - close a. Dependent Variable: ROA

6. Sobel Test Run MATRIX procedure: Error # 34 in column 20. Text: bootstrp.sav SPSS Statistics cannot access a file with the given file specification. The file specification is either syntactically invalid, specifies an invalid drive, specifies a protected directory, specifies a protected file, or specifies a non-sharable file. Execution of this command stops. ************************************************************************* Preacher And Hayes (2004) SPSS Script For Simple Mediation Written by Andrew F. Hayes, The Ohio State University http://www.comm.ohio-state.edu/ahayes/ VARIABLES Y X M

IN SIMPLE MEDIATION MODEL Earnings ROA Priceear

DESCRIPTIVES STATISTICS AND PEARSON CORRELATIONS Mean SD Earnings ROA Earnings 55546799 159771167 1.0000 .2672 ROA .0787 .0889 .2672 1.0000 Priceear 46.8380 97.1831 -.1303 -.3204

Priceear -.1303 -.3204 1.0000

SAMPLE SIZE 172 DIRECT And TOTAL EFFECTS Coeff s.e. b(YX) 480102774 132771507 b(MX) -350.1009 79.3906 b(YM.X) -81765.07 128491.08 b(YX.M) 451476745 140405953

t 3.6160 -4.4099 -.6363 3.2155

Sig(two) .0004 .0000 .5254 .0016

INDIRECT EFFECT And SIGNIFICANCE USING NORMAL DISTRIBUTION Value s.e. LL 95 CI UL 95 CI Z Sig(two) Effect 28626029 46581484 -62673679 119925738 .6145 .5389 BOOTSTRAP RESULTS For INDIRECT EFFECT Data Mean s.e. LL 95 CI UL 95 CI LL 99 CI UL 99 CI Effect 28626029 28835716 33881223 -23253693 114635379 -39582896 147449094 NUMBER OF BOOTSTRAP RESAMPLES 1000 FAIRCHILD ET AL. (2009) VARIANCE IN Y ACCOUNTED FOR BY INDIRECT EFFECT: .0147 ********************************* NOTES **********************************

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Hasil SPSS teerlihat jelas bahwa variable interaksi memberikan koefisien -9.633 dan signifikan pada 0.000 yang berarti variable operating rev. adalah pure moderator.