Analisis Survival dan Feature Selection pada Delisting Time Perusahaan Sektor 6 dan 7 yang Tercatat di Indeks LQ45 Menggunakan Metode Multiperiod Logit

Eviana, Fitria (2018) Analisis Survival dan Feature Selection pada Delisting Time Perusahaan Sektor 6 dan 7 yang Tercatat di Indeks LQ45 Menggunakan Metode Multiperiod Logit. Undergraduate thesis, Institut Teknologi Sepuluh Nopember.

[img]
Preview
Text
1316105022-Undergraduate_Theses.pdf - Accepted Version

Download (3MB) | Preview

Abstract

Indeks LQ45 merupakan indeks pasar saham di Bursa Efek Indonesia (BEI) yang terdiri dari 45 perusahaan yang memiliki likuiditas paling tinggi. Perusahaan yang masuk di indeks LQ45 terdiri dari 9 sektor yang ada di BEI diantaranya sektor pertanian (1), pertambangan (2), industri dasar dan kimia (3), aneka industri (4), industri barang konsumsi (5), property, real estate dan konstruksi bangunan (6), infrastruktur, utilitas dan transportasi (7), keuangan (8) dan perdagangan, jasa investasi (9). Fenomena saat ini menggambarkan bahwa sektor property, real estate, dan konstruksi bangunan (sektor 6) merupakan sektor bisnis yang cukup berkembang. Perkembangan sektor properti dan real estate tentu saja akan menarik minat investor untuk berinvestasi. Sejalan dengan perkembangan sektor properti, adanya pembangunan infrastruktur berskala besar juga menjadi rencana strategis pemerintah. Sektor 6 dan sektor 7 berkaitan langsung dengan program kerja pemerintah dalam bidang infrastruktur. Perkembangan sektor tersebut dari tahun 2011 hingga menuju 2013 akhir mengalami peningkatan performa yang signifikan. Hal tersebut ditunjukkan dengan di awal tahun 2014 perusahaan sektor tersebut banyak yang tercatat di Indeks LQ45. Tujuan dari penelitian ini adalah untuk menentukan faktor rasio keuangan apa yang mempengaruhi delisting time perusahaan di sektor 6 dan 7 yang tercatat di Indeks LQ45. Dari hasil analisis yang telah dilakukan disimpulkan bahwa perbedaan sektor perusahaan tidak menunjukan perbedaan kurva survival. Selain itu, model yang dihasilkan dari pemodelan menggunakan multiperiod logit pada gabungan perusahaan sektor 6 dan 7 pada pemodelan secara multivariat, prediktor yang berpengaruh signifikan terhadap delisting time di Indeks LQ45 adalah Earning per Share (EPS), Return on Asset (ROA), Earning Power of Total Investment (EPTI), dan Earning to Debt (ETD). Nilai kebaikan model yang diukur melalui c-indeks sebesar 66,60% yang menunjukkan bahwa keterurutan antara survival time dan peluang hazard perusahaan masih belum sempurna, namun relatif tinggi. ======================================================================================================= The LQ45 index is a stock market index on the Indonesia Stock Exchange (BEI) consisting of 45 companies that have highest liquidity. The companies listed in the LQ45 index consist of 9 sectors in BEI including agriculture sector (1), mining (2), basic and chemical industries (3), various industries (4), consumer goods industry (5), property, real estate and building construction (6), infrastructure, utilities and transportation (7), finance (8) and trade, investment services (9). The current phenomenon illustrates that property, real estate sector, and building construction (sector 6) is a fairly developed business sector. The development of this sector will certainly attract investors to invest. In line with the development of the property sector, large-scale infrastructure development is also a strategic government plan. Sector 6 and sector 7 are directly related to government infrastructure programs. The development of these two sector from 2011 to late 2013 has significantly improved. This is indicated by many companies in these sectors are listed in the LQ45 at early 2014. The purpose of this study is to determine what financial ratios that affect the delisting time of firms in sectors 6 and 7 recorded in the LQ45 Index. From the results of the analysis that has been it is concluded that the differences in the corporate sector does not show significant differences in the survival curve. In addition, the model obtained from multiperiod logit for sectors 6 and 7 multivariately show that variables significantly influence the delisting time in the LQ45 Index are Earning per Share (EPS), Return on Assets (ROA), Earning Power of Total Investment (EPTI), and Earning to Debt (ETD). The performance of the model measured through the c-index was 66.60% indicating that the concordance between the survival time and the hazard opportunity of the company is relatively high.

Item Type: Thesis (Undergraduate)
Additional Information: RSSt 519.5 Evi a-1 3100018076253
Uncontrolled Keywords: Delisting Time , Feature Selection, Indeks LQ45, Multiperiod Logit, Sektor 6, Sektor 7
Subjects: Q Science > QA Mathematics
Q Science > QA Mathematics > QA276 Mathematical statistics. Time-series analysis. Failure time data analysis. Survival analysis (Biometry)
Q Science > QA Mathematics > QA278.2 Regression Analysis. Logistic regression
Divisions: Faculty of Mathematics, Computation, and Data Science > Statistics > 49201-(S1) Undergraduate Thesis
Depositing User: Eviana Fitria
Date Deposited: 05 Nov 2020 08:08
Last Modified: 10 Nov 2020 02:09
URI: https://repository.its.ac.id/id/eprint/55441

Actions (login required)

View Item View Item