22. Lampiran

7/21/2019 22. Lampiran

1/10

73

Tabel : DataAbnormal ReturnPerusahaanProperty & Real EstateYangListing

Di BEI Sebelum dan Sesudah Foced Delisting Saham PTRA Tahun

2011.

7/21/2019 22. Lampiran

2/10

74


Di BEI Sebelum dan Sesudah Foced DelistingSaham SIIP Tahun 2012.

7/21/2019 22. Lampiran

3/10

75


Di BEI Sebelum dan Sesudah Foced Delisting Saham PWSI Tahun

201.

7/21/2019 22. Lampiran

4/10

76

Tabel : Data Trading Volume Activity PerusahaanProperty & Real EstateYang

Listing Di BEI Sebelum dan Sesudah Foced Delisting Saham PTRA

Tahun 2011.

7/21/2019 22. Lampiran

5/10

77


Listing Di BEI Sebelum dan Sesudah Foced Delisting Saham SIIP

Tahun 2012.

7/21/2019 22. Lampiran

6/10

78


Listing Di BEI Sebelum dan Sesudah Foced Delisting Saham PWSI

Tahun 201.

7/21/2019 22. Lampiran

7/10

79

Tabel : Data Rata!RataActual Return, Expected Return,Abnormal Returndan

Trading Volume Activity Perusahaan Property & Real Estate Yang

ListingDi BEI Sebelum dan Sesudah Foced Delisting.

Descriptives : Rata-RataAbnormal Returndan Trading Volume Activity

Descriptive Statistics

N Minimum Maximum Mean Std. Deviation

AAR Sebelum FD PTRA - 2011 5 -,0015 ,0233 ,00300 ,00!"#

AAR Se$uda% FD PTRA - 2011 5 -,01&5 ,00#& -,003!"0 ,001#"&

AAR Sebelum FD S''P - 2012 5 -,0025 ,00" ,002&00 ,00!35&&

AAR Se$uda% FD S''P - 2012 5 -,021 ,01"# ,001"20 ,0151&

AAR Sebelum FD P(S' - 2013 5 ,0033 ,01&" ,00&0 ,0051!32

AAR Se$uda% FD P(S' - 2013 5 -,012 ,020! ,0050!0 ,0125&&3

)alid N *li$t+i$e 5

Descriptive Statistics

N Minimum Maximum Mean Std. Deviation

AT)A Sebelum FD PTRA - 2011 5 ,000# ,001! ,001100 ,0002550

AT)A Se$uda% FD PTRA - 2011 5 ,000& ,0015 ,0010&0 ,000312

AT)A Sebelum FD S''P - 2012 5 ,001# ,0051 ,0030"0 ,00130!&

AT)A Se$uda% FD S''P - 2012 5 ,0020 ,0031 ,002500 ,000!000

AT)A Sebelum FD P(S' - 2013 5 ,0023 ,00!1 ,0035!0 ,000#1&2

AT)A Se$uda% FD P(S' - 2013 5 ,0035 ,00&! ,00!#20 ,001200"

)alid N *li$t+i$e 5

7/21/2019 22. Lampiran

8/10

80

NPar Tests : Rata-RataAbnormal Returndan Trading Volume Activity

One-Sample Kolmogorov-Smirnov Test

AAR

Sebelum FD

PTRA - 2011

AAR Se$uda%

FD PTRA -

2011

AAR Sebelum

FD S''P -

2012

AAR Se$uda%

FD S''P -

2012

AAR Sebelum

FD P(S' -

2013

AAR Se$uda%

FD P(S' -

2013

N 5 5 5 5 5 5

Nomal Paamete$a,bMean ,00300 -,003!"0 ,002&00 ,001"20 ,00&0 ,0050!0

Std. Deviation ,00!"# ,001#"& ,00!35&& ,0151& ,0051!32 ,0125&&3

Mo$t xteme Di//eene$

Ab$olute ,1#& ,15 ,1!" ,23 ,1# ,20"

Po$itive ,1#& ,123 ,1!" ,1!1 ,1# ,1#1

Neative -,130 -,15 -,12& -,23 -,152 -,20"

olmooov-Sminov ,33 ,355 ,331 ,535 ,!!0 ,!&!

A$4m. Si. *2-tailed ," 1,000 1,000 ,3# ,0 ,"2

a. Te$t di$tibution i$ Nomal.

b. 6alulated /om data.

One-Sample Kolmogorov-Smirnov Test

AT)A

Sebelum FD

PTRA - 2011

AT)A

Se$uda% FD

PTRA - 2011

AT)A

Sebelum FD

S''P - 2012

AT)A

Se$uda% FD

S''P - 2012

AT)A

Sebelum FD

P(S' - 2013

AT)A

Se$uda% FD

P(S' - 2013

N 5 5 5 5 5 5

Nomal Paamete$a,bMean ,001100 ,0010&0 ,0030"0 ,002500 ,0035!0 ,00!#20

Std. Deviation ,0002550 ,000312 ,00130!& ,000!000 ,000#1&2 ,001200"

Mo$t xteme Di//eene$

Ab$olute ,300 ,2!0 ,233 ,201 ,333 ,23#

Po$itive ,1!# ,221 ,233 ,201 ,21# ,23#

Neative -,300 -,2!0 -,1!5 -,201 -,333 -,155

olmooov-Sminov , ,53& ,521 ,!50 ,#!5 ,52

A$4m. Si. *2-tailed ,#5 ,3& ,! ,"# ,&35 ,!2

a. Te$t di$tibution i$ Nomal.

b. 6alulated /om data.

7/21/2019 22. Lampiran

9/10

81

T-Test : Rata-RataAbnormal Return

Paired Samples Statistics

Mean N Std. Deviation Std. o Mean

Pai 1AAR Sebelum FD PTRA - 2011 ,00300 5 ,00!"# ,00!2!31

AAR Se$uda% FD PTRA - 2011 -,003!"0 5 ,001#"& ,00!10!"

Pai 2AAR Sebelum FD S''P - 2012 ,002&00 5 ,00!35&& ,001!"3

AAR Se$uda% FD S''P - 2012 ,001"20 5 ,0151& ,00&3

Pai 3

AAR Sebelum FD P(S' - 2013 ,00&0 5 ,0051!32 ,0023001

AAR Se$uda% FD P(S' - 2013 ,0050!0 5 ,0125&&3 ,005&1"

Paired Samples Correlations

N 6oelation Si.

Pai 1AAR Sebelum FD PTRA - 2011 7

AAR Se$uda% FD PTRA - 20115 ,!0" ,!5

Pai 2AAR Sebelum FD S''P - 2012 7

AAR Se$uda% FD S''P - 2012

5 ,53& ,352

Pai 3AAR Sebelum FD P(S' - 2013 7

AAR Se$uda% FD P(S' - 20135 -,5#2 ,313

Paired Samples Test

Paied Di//eene$

t d/Si.

*2-tailedMeanStd.

Deviation

Std.

o Mean

58 6on/idene 'nteval

o/ t%e Di//eene

9o+e :e

Pai 1AAR Sebelum FD PTRA - 2011 -

AAR Se$uda% FD PTRA - 2011,012#"00 ,010155& ,00!5!1# ,0001#01 ,0253" 2,"1! ! ,0!"

Pai 2AAR Sebelum FD S''P - 2012 - AAR

Se$uda% FD S''P - 2012,000#"00 ,0133#&0 ,005"1 -,015"2"5 ,01#3""5 ,130 ! ,03

Pai 3AAR Sebelum FD P(S' - 2013 -

AAR Se$uda% FD P(S' - 2013,00!200 ,01&0#2 ,00#1""0 -,01503#1 ,02!"##1 ,&"! ! ,531

7/21/2019 22. Lampiran

10/10

82

T-Test : Rata-Rata Trading Volume Activity

Paired Samples Statistics

Mean N Std. Deviation Std. o Mean

Pai 1AT)A Sebelum FD PTRA - 2011 ,001100 5 ,0002550 ,00011!0

AT)A Se$uda% FD PTRA - 2011 ,0010&0 5 ,000312 ,0001#!

Pai 2AT)A Sebelum FD S''P - 2012 ,0030"0 5 ,00130!& ,0005"3!

AT)A Se$uda% FD S''P - 2012 ,002500 5 ,000!000 ,0001#"

Pai 3

AT)A Sebelum FD P(S' - 2013 ,0035!0 5 ,000#1&2 ,0003203

AT)A Se$uda% FD P(S' - 2013 ,00!#20 5 ,001200" ,00053#0

Paired Samples Correlations

N 6oelation Si.

Pai 1AT)A Sebelum FD PTRA - 2011 7

AT)A Se$uda% FD PTRA - 20115 ,125 ,"!1

Pai 2AT)A Sebelum FD S''P - 2012 7

AT)A Se$uda% FD S''P - 2012

5 ,1&3 ,#!

Pai 3AT)A Sebelum FD P(S' - 2013 7

AT)A Se$uda% FD P(S' - 20135 -,"&2 ,0&1

Paired Samples Test

Paied Di//eene$

t d/Si.

*2-tailedMeanStd.

Deviation

Std.

o Mean

58 6on/idene 'nteval

o/ t%e Di//eene

9o+e :e

Pai 1AT)A Sebelum FD PTRA - 2011 -

AT)A Se$uda% FD PTRA - 2011,0000!00 ,000!33 ,0001&5 -,0005055 ,0005"55 ,20! ! ,"!

Pai 2AT)A Sebelum FD S''P - 2012 -

AT)A Se$uda% FD S''P - 2012,0005"00 ,001300" ,0005"1# -,0010351 ,002151 ,# ! ,3#5

Pai 3AT)A Sebelum FD P(S' - 2013 -

AT)A Se$uda% FD P(S' - 2013-,0011"00 ,001"53 ,000"21 -,003!"1 ,001121 -1,!23 ! ,22"

22. Lampiran

Documents

Transcript of 22. Lampiran