Analisis Survival Lama Perusahaan Sektor Manufaktur Tercatat Di Bursa Efek Indonesia Menggunakan Pendekatan Regresi Cox Dengan Time Dependent Covariate

Rucy, Yurike Nurmala (2016) Analisis Survival Lama Perusahaan Sektor Manufaktur Tercatat Di Bursa Efek Indonesia Menggunakan Pendekatan Regresi Cox Dengan Time Dependent Covariate. Undergraduate thesis, Institut Teknologi Sepuluh Nopember Surabaya.

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Abstract

Perusahaan delisting merupakan perusahaan yang dihapus atau dikeluarkan dari daftar perusahaan yang sahamnya diperdagangkan di Bursa Efek Indonesia (BEI). Sumber data yang digunakan merupakan data laporan keuangan tiap kuartal perusahaan sektor manufaktur yang tercatat di BEI. Dikarenakan adanya keterbatasan sumber data, maka hanya diperoleh 73 perusahaan survive, 4 perusahaan delisting dan 2 perusahaan relisting. Untuk mengidentifikasi probabilitas lama perusahaan sektor manufaktur tercatat di BEI yaitu menggunakan analisis survival dengan memodelkan variabel rasio keuangan dan makro ekonomi yang diduga berpengaruh terhadap probabilitas lama perusahaan tercatat di BEI. Analisis survival yang sesuai digunakan untuk variabel independen yang bergantung waktu yaitu regresi Cox Proprotional Hazard dengan pendekatan Time Dependent Covariate. Berdasarkan hasil analisis diperoleh kesimpulan bahwa probabilitas perusahaan untuk dapat mempertahankan sahamnya di BEI selama 103 kuartal, relatif sama yaitu diatas 75%. Variabel yang signifikan berpengaruh terhadap ketahanan saham perusahaan di BEI berdasarkan model regresi Cox PH dengan pendekatan Time Dependent Covariate yaitu Current Ratio, Gross Profit Margin, Fixed Assets Turnover, dan IHSG ==================================================================================================== Delisting company is a company that is deleted or removed from the list of companies whose shares are traded on the Indonesia Stock Exchange (IDX). The research use each quarter data of the financial statements of the manufacturing sector companies listed on the Stock Exchange. Due to limitations of data source, only acquired 73 companies survive, 4 companies delisting and relisting 2 company. To identify the probability of a long manufacturing sector companies listed on IDX are using survival analysis by modeling the financial ratio variables and macroeconomic supposed to influence the probability of long companies listed on the Stock Exchange. Appropriate survival analysis used for the independent variables are time-dependent Cox regression approach Proprotional Hazard Time Dependent covariates. Based on the analysis we concluded that the probability of the company to retain its shares on the Stock Exchange for 103 quarter, unchanged at above 75%. The variables that significantly affect the resilience of the company's shares on the Stock Exchange by Cox PH regression models with Time Dependent covariate approach is the Current Ratio, Gross Profit Margin, Fixed Assets Turnover, and JCI

Item Type: Thesis (Undergraduate)
Additional Information: RSSt 519.536 Ruc a
Uncontrolled Keywords: Delisted Companies, Regresi Cox Proportional Hazard, Time Dependent Covariate
Subjects: Q Science > QA Mathematics > QA278.2 Regression Analysis
Divisions: Faculty of Mathematics and Science > Statistics > 49201-(S1) Undergraduate Thesis
Depositing User: EKO BUDI RAHARJO
Date Deposited: 14 Apr 2020 00:37
Last Modified: 14 Apr 2020 00:37
URI: https://repository.its.ac.id/id/eprint/75769

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