KLASIK

NORMALITAS
16
Series: Residuals
14 Sample 1 110
Observations 110
12
Mean -1.84e-15
10 Median -0.308231
Maximum 13.05856
8 Minimum -12.28897
Std. Dev. 4.431309
6 Skewness 0.298200
Kurtosis 3.484237
4
Jarque-Bera 2.704985
2 Probability 0.258595
0
-12 -10 -8 -6 -4 -2 0 2 4 6 8 10 12 14

MULTIKOLINEARITAS

Variance Inflation Factors

Date: 06/25/20 Time: 20:59
Sample: 1 110
Included observations: 110

Coefficient Uncentered Centered

Variable Variance VIF VIF

X1_ROA  0.006026  5.031759  2.389784

X2_ROE  0.002470  9.393397  2.389784
C  0.742840  4.084894  NA

HETEROSKEDASTISITAS

Heteroskedasticity Test: Breusch-Pagan-Godfrey

F-statistic 0.675882    Prob. F(2,107) 0.5109

Obs*R-squared 1.372326    Prob. Chi-Square(2) 0.5035
Scaled explained SS 1.612882    Prob. Chi-Square(2) 0.4464

Test Equation:
Dependent Variable: RESID^2
Method: Least Squares
Date: 06/25/20 Time: 21:00
Sample: 1 110
Included observations: 110
 Variable Coefficient Std. Error t-Statistic Prob.  

C 25.26435 5.954796 4.242689 0.0000

X1_ROA 0.293815 0.536348 0.547806 0.5850
X2_ROE -0.371239 0.343379 -1.081132 0.2821

R-squared 0.012476    Mean dependent var 19.45799

Adjusted R-squared -0.005983    S.D. dependent var 30.80900
S.E. of regression 30.90102    Akaike info criterion 9.726350
Sum squared resid 102171.4    Schwarz criterion 9.799999
Log likelihood -531.9492    Hannan-Quinn criter. 9.756222
F-statistic 0.675882    Durbin-Watson stat 1.197410
Prob(F-statistic) 0.510866

ROA ROE – PER

CEM

Dependent Variable: Y_PER

Method: Panel Least Squares
Date: 06/25/20 Time: 20:39
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110

Variable Coefficient Std. Error t-Statistic Prob.  

X1_ROA 0.057598 0.077630 0.741958 0.4597

X2_ROE -0.053558 0.049700 -1.077637 0.2836
C 15.33551 0.861881 17.79307 0.0000

R-squared 0.010876    Mean dependent var 14.63364

Adjusted R-squared -0.007612    S.D. dependent var 4.455605
S.E. of regression 4.472532    Akaike info criterion 5.860680
Sum squared resid 2140.379    Schwarz criterion 5.934330
Log likelihood -319.3374    Hannan-Quinn criter. 5.890553
F-statistic 0.588268    Durbin-Watson stat 1.039253
Prob(F-statistic) 0.557074

FEM

Dependent Variable: Y_PER

Method: Panel Least Squares
Date: 06/25/20 Time: 20:40
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110

Variable Coefficient Std. Error t-Statistic Prob.  

X1_ROA 0.222243 0.124737 1.781694 0.0779

X2_ROE -0.134124 0.058941 -2.275556 0.0251
C 15.69484 0.753208 20.83734 0.0000

Effects Specification

Cross-section fixed (dummy variables)

R-squared 0.383170    Mean dependent var 14.63364

Adjusted R-squared 0.313934    S.D. dependent var 4.455605
S.E. of regression 3.690537    Akaike info criterion 5.552090
Sum squared resid 1334.767    Schwarz criterion 5.846688
Log likelihood -293.3650    Hannan-Quinn criter. 5.671581
F-statistic 5.534262    Durbin-Watson stat 1.735053
Prob(F-statistic) 0.000001

REM

Dependent Variable: Y_PER

Method: Panel EGLS (Cross-section random effects)
Date: 06/25/20 Time: 20:40
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110
Swamy and Arora estimator of component variances

Variable Coefficient Std. Error t-Statistic Prob.  

X1_ROA 0.163600 0.106351 1.538298 0.1269

X2_ROE -0.109340 0.053368 -2.048798 0.0429
C 15.65568 1.179796 13.26982 0.0000

Effects Specification
 S.D.   Rho  

Cross-section random 2.887922 0.3798

Idiosyncratic random 3.690537 0.6202

Weighted Statistics

R-squared 0.039046    Mean dependent var 5.261406

Adjusted R-squared 0.021084    S.D. dependent var 3.716033
S.E. of regression 3.676649    Sum squared resid 1446.399
F-statistic 2.173850    Durbin-Watson stat 1.572922
Prob(F-statistic) 0.118737

Unweighted Statistics

R-squared -0.006505    Mean dependent var 14.63364

Sum squared resid 2177.990    Durbin-Watson stat 1.044574

CHOW

Redundant Fixed Effects Tests

Equation: Untitled
Test cross-section fixed effects

Effects Test Statistic   d.f.  Prob. 

Cross-section F 6.572104 (9,98) 0.0000

Cross-section Chi-square 51.944914 9 0.0000

Cross-section fixed effects test equation:

Dependent Variable: Y_PER
Method: Panel Least Squares
Date: 06/25/20 Time: 20:41
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110

Variable Coefficient Std. Error t-Statistic Prob.  

 X1_ROA 0.057598 0.077630 0.741958 0.4597
X2_ROE -0.053558 0.049700 -1.077637 0.2836
C 15.33551 0.861881 17.79307 0.0000

R-squared 0.010876    Mean dependent var 14.63364

Adjusted R-squared -0.007612    S.D. dependent var 4.455605
S.E. of regression 4.472532    Akaike info criterion 5.860680
Sum squared resid 2140.379    Schwarz criterion 5.934330
Log likelihood -319.3374    Hannan-Quinn criter. 5.890553
F-statistic 0.588268    Durbin-Watson stat 1.039253
Prob(F-statistic) 0.557074

HAUSMAN

Correlated Random Effects - Hausman Test

Equation: Untitled
Test cross-section random effects

Chi-Sq.
Test Summary Statistic Chi-Sq. d.f. Prob. 

Cross-section random 1.196177 2 0.5499

Cross-section random effects test comparisons:

Variable Fixed   Random  Var(Diff.)  Prob. 

X1_ROA 0.222243 0.163600 0.004249 0.3683

X2_ROE -0.134124 -0.109340 0.000626 0.3219

Cross-section random effects test equation:

Dependent Variable: Y_PER
Method: Panel Least Squares
Date: 06/25/20 Time: 20:42
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110

Variable Coefficient Std. Error t-Statistic Prob.  

C 15.69484 0.753208 20.83734 0.0000

X1_ROA 0.222243 0.124737 1.781694 0.0779
X2_ROE -0.134124 0.058941 -2.275556 0.0251

Effects Specification

Cross-section fixed (dummy variables)

R-squared 0.383170    Mean dependent var 14.63364
Adjusted R-squared 0.313934    S.D. dependent var 4.455605
S.E. of regression 3.690537    Akaike info criterion 5.552090
Sum squared resid 1334.767    Schwarz criterion 5.846688
Log likelihood -293.3650    Hannan-Quinn criter. 5.671581
F-statistic 5.534262    Durbin-Watson stat 1.735053
Prob(F-statistic) 0.000001

LM

Lagrange Multiplier Tests for Random Effects

Null hypotheses: No effects
Alternative hypotheses: Two-sided (Breusch-Pagan) and one-sided
        (all others) alternatives

Test Hypothesis
Cross-section Time Both

Breusch-Pagan  49.64654  0.868408  50.51495

(0.0000) (0.3514) (0.0000)

Honda  7.046030  0.931884  5.641237

(0.0000) (0.1757) (0.0000)

King-Wu  7.046030  0.931884  5.753094

(0.0000) (0.1757) (0.0000)

Standardized Honda  8.204805  1.345838  3.103302

(0.0000) (0.0892)
(0.0010)

Standardized King-Wu  8.204805  1.345838  3.237696

(0.0000) (0.0892) (0.0006)

Gourierioux, et al.* -- --  50.51495

(< 0.01)

*Mixed chi-square asymptotic critical values:

1% 7.289
5% 4.321
10% 2.952

PER – SAHAM

CEM

Dependent Variable: Z_HARGASAHAM

Method: Panel Least Squares
Date: 06/25/20 Time: 20:44
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110

Variable Coefficient Std. Error t-Statistic Prob.  

Y_PER 260.3186 216.4388 1.202736 0.2317

C 6591.228 3309.570 1.991566 0.0489

R-squared 0.013217    Mean dependent var 10400.64

Adjusted R-squared 0.004080    S.D. dependent var 10088.88
S.E. of regression 10068.28    Akaike info criterion 21.29018
Sum squared resid 1.09E+10    Schwarz criterion 21.33928
Log likelihood -1168.960    Hannan-Quinn criter. 21.31010
F-statistic 1.446573    Durbin-Watson stat 0.620078
Prob(F-statistic) 0.231709

FEM

Dependent Variable: Z_HARGASAHAM

Method: Panel Least Squares
Date: 06/25/20 Time: 20:44
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110

Variable Coefficient Std. Error t-Statistic Prob.  

Y_PER 129.0548 225.7262 0.571732 0.5688

C 8512.095 3400.441 2.503233 0.0139

Effects Specification

Cross-section fixed (dummy variables)

R-squared 0.360124    Mean dependent var 10400.64

Adjusted R-squared 0.295490    S.D. dependent var 10088.88
S.E. of regression 8468.108    Akaike info criterion 21.02064
Sum squared resid 7.10E+09    Schwarz criterion 21.29069
Log likelihood -1145.135    Hannan-Quinn criter. 21.13017
F-statistic 5.571753    Durbin-Watson stat 0.954173
Prob(F-statistic) 0.000001

REM

Dependent Variable: Z_HARGASAHAM

Method: Panel EGLS (Cross-section random effects)
Date: 06/25/20 Time: 20:45
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110
Swamy and Arora estimator of component variances

Variable Coefficient Std. Error t-Statistic Prob.  

Y_PER 157.3783 217.0450 0.725095 0.4700

C 8097.619 3792.466 2.135186 0.0350

Effects Specification
S.D.   Rho  

Cross-section random 6035.662 0.3369

Idiosyncratic random 8468.108 0.6631

Weighted Statistics

R-squared 0.004880    Mean dependent var 4052.075

Adjusted R-squared -0.004334    S.D. dependent var 8418.806
S.E. of regression 8437.029    Sum squared resid 7.69E+09
F-statistic 0.529644    Durbin-Watson stat 0.880679
Prob(F-statistic) 0.468331

Unweighted Statistics

R-squared 0.011150    Mean dependent var 10400.64

Sum squared resid 1.10E+10    Durbin-Watson stat 0.617132

CHOW

Redundant Fixed Effects Tests

Equation: Untitled
Test cross-section fixed effects

Effects Test Statistic   d.f.  Prob. 

Cross-section F 5.963623 (9,99) 0.0000

Cross-section Chi-square 47.649352 9 0.0000

Cross-section fixed effects test equation:

Dependent Variable: Z_HARGASAHAM
Method: Panel Least Squares
Date: 06/25/20 Time: 20:45
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110

Variable Coefficient Std. Error t-Statistic Prob.  

Y_PER 260.3186 216.4388 1.202736 0.2317

C 6591.228 3309.570 1.991566 0.0489

R-squared 0.013217    Mean dependent var 10400.64

Adjusted R-squared 0.004080    S.D. dependent var 10088.88
S.E. of regression 10068.28    Akaike info criterion 21.29018
Sum squared resid 1.09E+10    Schwarz criterion 21.33928
Log likelihood -1168.960    Hannan-Quinn criter. 21.31010
F-statistic 1.446573    Durbin-Watson stat 0.620078
Prob(F-statistic) 0.231709

Fixed

HAUSMAN

Correlated Random Effects - Hausman Test

Equation: Untitled
Test cross-section random effects

Chi-Sq.
Test Summary Statistic Chi-Sq. d.f. Prob. 

Cross-section random 0.208706 1 0.6478

Cross-section random effects test comparisons:

Variable Fixed   Random  Var(Diff.)  Prob. 

Y_PER 129.054830 157.378334 3843.785574 0.6478

Cross-section random effects test equation:

Dependent Variable: Z_HARGASAHAM
Method: Panel Least Squares
Date: 06/25/20 Time: 20:46
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110

Variable Coefficient Std. Error t-Statistic Prob.  

C 8512.095 3400.441 2.503233 0.0139

Y_PER 129.0548 225.7262 0.571732 0.5688

Effects Specification
Cross-section fixed (dummy variables)

R-squared 0.360124    Mean dependent var 10400.64

Adjusted R-squared 0.295490    S.D. dependent var 10088.88
S.E. of regression 8468.108    Akaike info criterion 21.02064
Sum squared resid 7.10E+09    Schwarz criterion 21.29069
Log likelihood -1145.135    Hannan-Quinn criter. 21.13017
F-statistic 5.571753    Durbin-Watson stat 0.954173
Prob(F-statistic) 0.000001

random

LM

Lagrange Multiplier Tests for Random Effects

Null hypotheses: No effects
Alternative hypotheses: Two-sided (Breusch-Pagan) and one-sided
        (all others) alternatives

Test Hypothesis
Cross-section Time Both

Breusch-Pagan  44.44597  1.017840  45.46381

(0.0000) (0.3130) (0.0000)

Honda  6.666781 -1.008881  4.000740

(0.0000) -- (0.0000)

King-Wu  6.666781 -1.008881  4.142232

(0.0000) -- (0.0000)

Standardized Honda  7.463513 -0.831097  1.051292

(0.0000) -- (0.1466)

Standardized King-Wu  7.463513 -0.831097  1.214548

(0.0000) -- (0.1123)

Gourierioux, et al.* -- --  44.44597

(< 0.01)

*Mixed chi-square asymptotic critical values:

1% 7.289
5% 4.321
10% 2.952

rNDOM
Yz

Cem

Dependent Variable: Z_HARGASAHAM

Method: Panel Least Squares
Date: 07/04/20 Time: 23:28
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110

Variable Coefficient Std. Error t-Statistic Prob.  

Y_PER 260.3186 216.4388 1.202736 0.2317

C 6591.228 3309.570 1.991566 0.0489

R-squared 0.013217    Mean dependent var 10400.64

Adjusted R-squared 0.004080    S.D. dependent var 10088.88
S.E. of regression 10068.28    Akaike info criterion 21.29018
Sum squared resid 1.09E+10    Schwarz criterion 21.33928
Log likelihood -1168.960    Hannan-Quinn criter. 21.31010
F-statistic 1.446573    Durbin-Watson stat 0.620078
Prob(F-statistic) 0.231709

fem

Dependent Variable: Z_HARGASAHAM

Method: Panel Least Squares
Date: 07/04/20 Time: 23:29
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110

Variable Coefficient Std. Error t-Statistic Prob.  

Y_PER 129.0548 225.7262 0.571732 0.5688

C 8512.095 3400.441 2.503233 0.0139

Effects Specification

Cross-section fixed (dummy variables)

R-squared 0.360124    Mean dependent var 10400.64

Adjusted R-squared 0.295490    S.D. dependent var 10088.88
S.E. of regression 8468.108    Akaike info criterion 21.02064
Sum squared resid 7.10E+09    Schwarz criterion 21.29069
Log likelihood -1145.135    Hannan-Quinn criter. 21.13017
F-statistic 5.571753    Durbin-Watson stat 0.954173
Prob(F-statistic) 0.000001

chow

Redundant Fixed Effects Tests

Equation: Untitled
Test cross-section fixed effects

Effects Test Statistic   d.f.  Prob. 

Cross-section F 5.963623 (9,99) 0.0000

Cross-section Chi-square 47.649352 9 0.0000

Cross-section fixed effects test equation:

Dependent Variable: Z_HARGASAHAM
Method: Panel Least Squares
Date: 07/04/20 Time: 23:29
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110

Variable Coefficient Std. Error t-Statistic Prob.  

Y_PER 260.3186 216.4388 1.202736 0.2317

C 6591.228 3309.570 1.991566 0.0489

R-squared 0.013217    Mean dependent var 10400.64

Adjusted R-squared 0.004080    S.D. dependent var 10088.88
S.E. of regression 10068.28    Akaike info criterion 21.29018
Sum squared resid 1.09E+10    Schwarz criterion 21.33928
Log likelihood -1168.960    Hannan-Quinn criter. 21.31010
F-statistic 1.446573    Durbin-Watson stat 0.620078
Prob(F-statistic) 0.231709

FIXED

Rem

Dependent Variable: Z_HARGASAHAM

Method: Panel EGLS (Cross-section random effects)
Date: 07/04/20 Time: 23:30
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110
Swamy and Arora estimator of component variances

Variable Coefficient Std. Error t-Statistic Prob.  

Y_PER 157.3783 217.0450 0.725095 0.4700

C 8097.619 3792.466 2.135186 0.0350

Effects Specification
S.D.   Rho  

Cross-section random 6035.662 0.3369

Idiosyncratic random 8468.108 0.6631

Weighted Statistics

R-squared 0.004880    Mean dependent var 4052.075

Adjusted R-squared -0.004334    S.D. dependent var 8418.806
S.E. of regression 8437.029    Sum squared resid 7.69E+09
F-statistic 0.529644    Durbin-Watson stat 0.880679
Prob(F-statistic) 0.468331

Unweighted Statistics

R-squared 0.011150    Mean dependent var 10400.64

Sum squared resid 1.10E+10    Durbin-Watson stat 0.617132

hausman

Correlated Random Effects - Hausman Test

Equation: Untitled
Test cross-section random effects

Chi-Sq.
Test Summary Statistic Chi-Sq. d.f. Prob. 

Cross-section random 0.208706 1 0.6478

Cross-section random effects test comparisons:

Variable Fixed   Random  Var(Diff.)  Prob. 

Y_PER 129.054830 157.378334 3843.785574 0.6478

Cross-section random effects test equation:

Dependent Variable: Z_HARGASAHAM
Method: Panel Least Squares
Date: 07/04/20 Time: 23:30
Sample: 2009 2019
Periods included: 11
Cross-sections included: 10
Total panel (balanced) observations: 110

Variable Coefficient Std. Error t-Statistic Prob.  

C 8512.095 3400.441 2.503233 0.0139

Y_PER 129.0548 225.7262 0.571732 0.5688

Effects Specification

Cross-section fixed (dummy variables)

R-squared 0.360124    Mean dependent var 10400.64

Adjusted R-squared 0.295490    S.D. dependent var 10088.88
S.E. of regression 8468.108    Akaike info criterion 21.02064
Sum squared resid 7.10E+09    Schwarz criterion 21.29069
Log likelihood -1145.135    Hannan-Quinn criter. 21.13017
F-statistic 5.571753    Durbin-Watson stat 0.954173
Prob(F-statistic) 0.000001

RANDOM

Lm

Lagrange Multiplier Tests for Random Effects

Null hypotheses: No effects
Alternative hypotheses: Two-sided (Breusch-Pagan) and one-sided
        (all others) alternatives

Test Hypothesis
Cross-section Time Both

Breusch-Pagan  44.44597  1.017840  45.46381

(0.0000) (0.3130) (0.0000)

Honda  6.666781 -1.008881  4.000740

(0.0000) -- (0.0000)

King-Wu  6.666781 -1.008881  4.142232

(0.0000) -- (0.0000)

Standardized Honda  7.463513 -0.831097  1.051292

(0.0000) -- (0.1466)

Standardized King-Wu  7.463513 -0.831097  1.214548

(0.0000) -- (0.1123)

Gourierioux, et al.* -- --  44.44597

(< 0.01)

*Mixed chi-square asymptotic critical values:

1% 7.289
5% 4.321
 10% 2.952

RANDOM