Lampiran i
No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
Daftar Sampel Penelitian Kode Nama Emiten AQUA PT. Aqua Golden Missisippi Tbk ASGR PT. Astra Graphia Tbk ASII PT. Astra Internasional Tbk AUTO PT. Astra Otoparts Tbk SQBI PT. Bristol Myers Squibb Indonesia Tbk CTBN PT. Citra Tubindo Tbk DLTA PT. Delta Djakarta Tbk EKAD PT. Ekhadarma Internasioanal Tbk FAST PT. Fast Food Indonesia Tbk GGRM PT. Gudang Garam Tbk HEXA PT. Hexindo Adiperkasa Tbk HMSP PT. HM Sampoerna Tbk BRAM PT. Indo Kordsa Tbk INDR PT. Indorama Syntetic Tbk INTP PT. Indocement Tunggal Prakasa Tbk KAEF PT. Kimia Farma Tbk LMSH PT. Lion Mesh Prima Tbk MYOR PT. Mayora Indah Tbk MTDL PT. Metrodata Electronica Tbk MLBI PT. Multi Bintang Indonsia Tbk MASA PT. Multistrada Arah Sarana Tbk BATA PT. Sepatu Bata Tbk SMGR PT. Semen Gresik Tbk SOBI PT. Sorini Agro Asia Corporindo Tbk TOTO PT. Surya Toto Indonesia Tbk SCCO PT. Supreme Cable Manufacturing Tbk IKBI PT. Sumi Indo Kabel Tbk TBLA PT. Tunas Baru Lampung Tbk TRST PT. Trias Sentosa Tbk TSPC PT. Tempo Scan Pasific Tbk UNIC PT. Unggul Indah Cahaya Tbk UNTR PT. United Tractors Tbk UNVR PT. Unilever Indonesia Tbk
Universitas Sumatera Utara
Lampiran ii
No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
Kode ADES AKRA SQMI ALMI AKKU MYTX AQUA AKPI ARGO ARNA AMFG APLI ASGR ASII AUTO BRPT BATI RMBA BRNA BTON SQBI BUDI CEKA CNTX CTBN CLPI DVLA DAVO DSUC DLTA DOID DYNA DPNS EKAD ERTX
Daftar Populasi Penelitian Nama emiten PT. Ades Water Indonesia Tbk PT. AKR Corporindo Tbk PT. Allbond Makmur Usaha Tbk PT. Aluminindo Light Metal Industry PT. Aneka Kemasindo Utama Tbk PT. APAC Citra Centertex Tbk PT. Aqua Golden Mississippi Tbk PT. Argha Karya Prima Industri Tbk PT. Argo Pantes Tbk PT. Arwana Citramulia Tbk PT. Asahimas Flat Glass Tbk PT. Asiaplast Industries Tbk PT. Astra Graphia Tbk PT. Astra Internasional Tbk PT. Astra Otoparts Tbk PT. Barito Pasific Tbk PT. BAT Indonesia Tbk PT. Bentoel Internasional Investama Tbk PT. Berlina Tbk PT. Beton Jaya Manunggal Tbk PT. Bristol-Myers Squibb Indonesia Tbk PT. Budi Acid jaya Tbk PT. Cahaya Kalbar Tbk PT. Century Textile Industry Tbk PT. Citra Tubindo Tbk PT. Colorpark Indonesia Tbk PT. Darya-Varia Laboratoria Tbk PT. Davomas Abadi Tbk PT. Daya Sakti Unggul Corporation Tbk PT. Delta Djakarta Tbk PT. Delta Dunia Petroindo Tbk PT. Dynaplast Tbk PT. Duta Pertiwi Nusantara Tbk PT. Ekhadarma Internasional Tbk PT. Eratex Djaja Tbk
Universitas Sumatera Utara
36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75
ETWA ESTI FASW FAST FMII GJTL GDYR GGRM KBLI MYRX HEXA SMCB HMSP INKP INAI SRSN BRAM INTP INAF INDF IMAS INDR INDS INCI INTD IKAI INTA ITMA JKSW JPRS JECC KBLM IGAR KLBF KARW KICI KDSI KIAS KAEF LMPI
PT. Eterindo Wahanatama Tbk PT. Ever Shine Textile Industry Tbk PT. Fajar Surya Wisesa Tbk PT. Fast Food Indonesia Tbk PT. Fortune Mate Indonesia Tbk PT. Gajah Tunggal Tbk PT. Goodyear Indonesia Tbk PT. Gudang Garam Tbk PT. GT Kabel Indonesia Tbk PT. Hanson internasional Tbk PT. Hexindo Adiperkasa Tbk PT. Holcim Indonesia Tbk PT. HM Sampoerna Tbk PT. Indah Kiat Pulp & Paper Tbk PT. Indal Aluminium Industy Tbk PT. Indo Acidatama Tbk PT. Indo Kordsa Tbk PT. Indocement Tunggal Prakasa Tbk PT. Indofarma Tbk PT. Indofood Sukses Makmur Tbk PT. Indo Mobil Sukses Internasional Tbk PT. Indorama Syntetic Tbk PT. Indospring Tbk PT. Intanwijaya Internasional Tbk PT. Inter Delta Tbk PT. Inti Keramik Alamastri Industri Tbk PT. Intraco Penta Tbk PT. Itamaraya Gold Industri Tbk PT. Jakarta Kyoei Steel Works Tbk PT. Jaya Pari Steel Tbk PT. Jembo Cable Company Tbk PT. Kabelindo Murni Tbk PT. Kageo Igar Jaya Tbk PT. Kalbe Farma Tbk PT. Karwell Indonesia Tbk PT. Kedaung Indah Can Tbk PT. Kedaung Setia Industrial Tbk PT. Keramika Indonesia Assosiasi Tbk PT. Kimia Farma Tbk PT. Langgeng Makmur Industri Tbk
Universitas Sumatera Utara
76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115
LTLS LAPD LION LMSH TCID MYOR MERK MTDL MDRN MLIA MLBI LPIN MASA MLPL MRAT MYOH NIPS TKIM PBRX PAFI HDTX PICO KONI PTSP ADMG POLY PSDN PRAS BIMA PYFA KKGI RICY RDTX PROD PTSN SCPI SKBM SKLT SMSM SMGR
PT. Lautan Luas Tbk PT. Leyand Internasional Tbk PT. Lion Metal Works Tbk PT. Lion Mesh Prima Tbk PT. Mandom Indonesia Tbk PT. Mayora Indah Tbk PT. Merck Tbk PT. Metrodata Electronics Tbk PT. Modern Internasional Tbk PT. Mulia Industrindo Tbk PT. Multi Bintang Indonesia Tbk PT. Multi Prima Sejahtera Tbk PT. Multistrada Arah Sarana Tbk PT. Multipolar Corporation Tbk PT. Mustika Ratu Tbk PT. Myoh Technology Tbk PT. Nipress Tbk PT. Pabrik Kertas Twiji Kimia Tbk PT. Pan Brothers Tex Tbk PT. Panasia Filament Inti Tbk PT. Panasia Indosyntetic Tbk PT. Pelangi Indah Canindo Tbk PT. Perdana Bangun Pustaka Tbk PT. Pioneerindo Gourmet Internasional PT. Polychem Indonesia Tbk PT. Polysindo Eka Perkasa Tbk PT. Prasida Aneka Niaga Tbk PT. Prima Alloy Stell Tbk PT. Primarindo Asia Infrastructure Tbk PT. Pyridam Farma Tbk PT. Resource Alam Indonesia Tbk PT. Ricky Putra Globalindo Tbk PT. Roda Vitatex Tbk PT. Sara Lee Body care Indonesia Tbk PT. Sat Nusapersada Tbk PT. Sechering Plough Indonesia Tbk PT. Sekar Bumi Tbk PT. Sekar Laut Tbk PT. Selamat Sempurna Tbk PT. Semen Gresik Tbk
Universitas Sumatera Utara
116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 135 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151
BATA STTP SIPD SIMA SMAR SOBI SUGI SULI IKBI SSTM SPMA SCCO SAIP SIMM TOTO TBMS TSPC TEJA TFCO AISA TIRA TIRT FPNI TRST TPIA INRU TALF TBLA TURI ULTJ UNIC UNVR UNTR UNTX VOKS YPAS
PT. Sepatu Bata tbk PT. Siantar Top Tbk PT. Sierad Produce Tbk PT. Siwani Makmur Tbk PT. Smart Tbk PT. Sorini Agro Asia Corporindo Tbk PT. Sugi Samapersada Tbk PT. Sumalindo Lestari jaya Tbk PT. Sumi Indo Kabel Tbk PT. Sunson Textile Manufaktur Tbk PT. Suparma Tbk PT. Supreme Cable Manufacturing Tbk PT. Surabaya Agung Industry Pulp Tbk PT. Surya Intrindo Makmur Tbk PT. Surya Toto Indonesia Tbk PT. Tembaga Mulia Semanam Tbk PT. Tempo Scan Pasific Tbk PT. Textile Manufacturing Company Tbk PT. TIFICO Tbk PT. Tiga Pilar Sejahtera Food Tbk PT. Tira Austenite Tbk PT. Tirta Mahakam Resources Tbk PT. Titan Kimia Nusantara Tbk PT. Trias Sentosa Tbk PT. Tri polyta Indonesia Tbk PT. Toba Pulp Lestari Tbk PT. Tunas Alfin Tbk PT. Tunas Baru Lampung Tbk PT. Tunas Ridean Tbk PT. Ultra Jaya Milk Tbk PT. Unggul Indah Cahaya Tbk PT. Unilever Indonesia Tbk PT. United Tractors Tbk PT. Unitex Tbk PT. Voksel Electric Tbk PT. Yana Prima Hasta Persada Tbk
Universitas Sumatera Utara
Lampiran iii
No 1 2 3 4
Kode AQUA ASGR ASII AUTO
5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
SQBI CTBN DLTA EKAD FAST GGRM HEXA HMSP BRAM INDR INTP KAEF LMSH MYOR MTDL MLBI MASA BATA SMGR SOBI TOTO
26 27 28 29 30 31 32 33
SCCO IKBI TBLA TRST TSPC UNIC UNTR UNVR
Data Variabel Independen – X1 (Tobin-q) Nama Emiten 2006 PT. Aqua Golden Missisippi Tbk 6.83 PT. Astra Graphia Tbk 5.11 PT. Astra Internasional Tbk 7.29 PT. Astra Otoparts Tbk 4.62 PT. Bristol Myers Squibb Indonesia Tbk 11.27 PT. Citra Tubindo Tbk 7.90 PT. Delta Djakarta Tbk 4.15 PT. Ekhadarma Internasioanal Tbk 7.79 PT. Fast Food Indonesia Tbk 3.45 PT. Gudang Garam Tbk 4.12 PT. Hexindo Adiperkasa Tbk 4.57 PT. HM Sampoerna Tbk 19.93 PT. Indo Kordsa Tbk 1.97 PT. Indorama Syntetic Tbk 1.18 PT. Indocement Tunggal Prakasa Tbk 3.22 PT. Kimia Farma Tbk 3.08 PT. Lion Mesh Prima Tbk 3.31 PT. Mayora Indah Tbk 2.45 PT. Metrodata Electronica Tbk 19.79 PT. Multi Bintang Indonsia Tbk 4.16 PT. Multistrada Arah Sarana Tbk 1.27 PT. Sepatu Bata Tbk 3.86 PT. Semen Gresik Tbk 7.27 PT. Sorini Agro Asia Corporindo Tbk 7.76 PT. Surya Toto Indonesia Tbk 2.13 PT. Supreme Cable Manufacturing Tbk 4.10 PT. Sumi Indo Kabel Tbk 3.20 PT. Tunas Baru Lampung Tbk 1.66 PT. Trias Sentosa Tbk 1.03 PT. Tempo Scan Pasific Tbk 6.33 PT. Unggul Indah Cahaya Tbk 2.85 PT. United Tractors Tbk 4.79 PT. Unilever Indonesia Tbk 27.89
2007 6.82 7.86 10.05 5.47
2008 6.2 3.39 3.83 5.45
2.63 2.64 6.86 7.16 2.91 3.75 6.09 10.10 3.77 3.99 4.08 2.53 5.43 10.68 18.14 9.39 2.06 1.91 1.28 1.13 4.39 2.59 5.51 2.26 5.45 6.54 2.74 2.45 26.53 6.76 4.24 4.01 1.27 1.19 6.39 2.84 11.21 8.15 5.82 3.79 2.29 2.61 7.38 5.57 3.91 2.31 3.62 2.13 1.20 1.14 5.54 3.35 2.62 3.08 6.82 2.58 21.69 19.09
Universitas Sumatera Utara
Lampiran iv
No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
Data Variabel Independen – X2 (DPR) Nama Emiten 2006 PT. Aqua Golden Missisippi Tbk 16.97 PT. Astra Graphia Tbk 97.56 PT. Astra Internasional Tbk 31.63 PT. Astra Otoparts Tbk 16.40 PT. Bristol Myers Squibb Indonesia 55.35 Tbk CTBN PT. Citra Tubindo Tbk 68.58 DLTA PT. Delta Djakarta Tbk 26.01 EKAD PT. Ekhadarma Internasioanal Tbk 30.00 FAST PT. Fast Food Indonesia Tbk 12.99 GGRM PT. Gudang Garam Tbk 47.71 HEXA PT. Hexindo Adiperkasa Tbk 36.22 HMSP PT. HM Sampoerna Tbk 18.01 BRAM PT. Indo Kordsa Tbk 29.49 INDR PT. Indorama Syntetic Tbk 50.08 INTP PT. Indocement Tunggal Prakasa Tbk 18.63 KAEF PT. Kimia Farma Tbk 25.00 LMSH PT. Lion Mesh Prima Tbk 10.80 MYOR PT. Mayora Indah Tbk 28.69 MTDL PT. Metrodata Electronica Tbk 29.19 MLBI PT. Multi Bintang Indonsia Tbk 75.60 MASA PT. Multistrada Arah Sarana Tbk 2.11 BATA PT. Sepatu Bata Tbk 28.05 SMGR PT. Semen Gresik Tbk 20.32 SOBI PT. Sorini Agro Asia Corporindo Tbk 1.94 TOTO PT. Surya Toto Indonesia Tbk 24.86 SCCO PT. Supreme Cable Manufacturing 27.89 Tbk IKBI PT. Sumi Indo Kabel Tbk 24.14 TBLA PT. Tunas Baru Lampung Tbk 6.16 TRST PT. Trias Sentosa Tbk 54.12 TSPC PT. Tempo Scan Pasific Tbk 40.98 UNIC PT. Unggul Indah Cahaya Tbk 80.01 UNTR PT. United Tractors Tbk 26.05 UNVR PT. Unilever Indonesia Tbk 55.40 Kode AQUA ASGR ASII AUTO SQBI
2007 19.97 60.38 28.29 15.25 47.69
2008 16.18 90.68 34.95 43.60 39.82
68.65 44.01 39.63 19.57 33.33 35.62 35.67 72.42 43.57 14.99 25.28 8.08 21.62 21.42 89.89 16.30 49.06 5.01 11.47 26.36 11.45
68.65 26.79 24.26 16.02 25.58 6.91 101.26 29.92 16.19 8.44 28.27 4.99 15.62 19.09 34.13 205.72 58.48 35.18 29.94 27.13 54.97
39.50 32.48 79.11 40.32 0.51 28.65 64.94
31.35 135.00 24.20 84.21 40.58 28.58 83.04
Universitas Sumatera Utara
Lampiran v
No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
Data Variabel Independen – X3 (ROE) Kode Nama Emiten 2006 AQUA PT. Aqua Golden Missisippi Tbk 10.92 ASGR PT. Astra Graphia Tbk 18.77 ASII PT. Astra Internasional Tbk 16.59 AUTO PT. Astra Otoparts Tbk 15.13 SQBI PT. Bristol Myers Squibb Indonesia 33.06 Tbk CTBN PT. Citra Tubindo Tbk 28.52 DLTA PT. Delta Djakarta Tbk 10.02 EKAD PT. Ekhadarma Internasioanal Tbk 9.96 FAST PT. Fast Food Indonesia Tbk 23.92 GGRM PT. Gudang Garam Tbk 7.66 HEXA PT. Hexindo Adiperkasa Tbk 11.41 HMSP PT. HM Sampoerna Tbk 62.00 BRAM PT. Indo Kordsa Tbk 2.20 INDR PT. Indorama Syntetic Tbk 0.85 INTP PT. Indocement Tunggal Prakasa Tbk 9.83 KAEF PT. Kimia Farma Tbk 5.05 IMSH PT. Lion Mesh Prima Tbk 7.24 MYOR PT. Mayora Indah Tbk 9.65 MTDL PT. Metrodata Electronica Tbk 7.92 MLBI PT. Multi Bintang Indonsia Tbk 37.08 MASA PT. Multistrada Arah Sarana Tbk 23.56 BATA PT. Sepatu Bata Tbk 10.61 SMGR PT. Semen Gresik Tbk 23.56 SOBI PT. Sorini Agro Asia Corporindo Tbk 7.77 TOTO PT. Surya Toto Indonesia Tbk 28.40 SCCO PT. Supreme Cable Manufacturing 16.60 Tbk IKBI PT. Sumi Indo Kabel Tbk 11.89 TBLA PT. Tunas Baru Lampung Tbk 6.12 TRST PT. Trias Sentosa Tbk 2.66 TSPC PT. Tempo Scan Pasific Tbk 14.03 UNIC PT. Unggul Indah Cahaya Tbk 1.02 UNTR PT. United Tractors Tbk 20.25 UNVR PT. Unilever Indonesia Tbk 72.69
2007 12.99 22.95 24.18 20.12 32.88
2008 14.16 18.77 27.78 21.34 43.94
25.97 10.32 6.96 27.17 10.22 13.01 44.94 4.38 0.97 14.18 5.75 7.21 13.09 10.02 42.68 2.27 16.65 26.79 21.34 17.77 15.35
21.30 16.11 7.80 25.96 12.12 41.70 48.40 9.50 3.04 20.53 5.84 24.37 15.36 9.45 64.59 0.23 57.69 31.28 26.21 17.43 3.15
17.60 10.40 1.81 13.16 2.76 26.04 72.88
19.26 7.13 5.59 14.34 3.01 23.9 77.65
Universitas Sumatera Utara
Lampiran vi
Data Variabel Dependen – Y (DER) No Kode Nama Emiten 2006 2007 1 AQUA PT. Aqua Golden Missisippi Tbk 60.26 58.73 2 ASGR PT. Astra Graphia Tbk 46.04 3.66 3 ASII PT. Astra Internasional Tbk 51.07 37.71 4 AUTO PT. Astra Otoparts Tbk 17.67 14.85 5 SQBI PT. Bristol Myers Squibb Indonesia 14.02 11.22 Tbk 6 CTBN PT. Citra Tubindo Tbk 9.75 10.29 7 DLTA PT. Delta Djakarta Tbk 6.42 6.08 8 EKAD PT. Ekhadarma Internasioanal Tbk 4.04 4.71 9 FAST PT. Fast Food Indonesia Tbk 16.42 16.93 10 GGRM PT. Gudang Garam Tbk 5.35 6.14 11 HEXA PT. Hexindo Adiperkasa Tbk 46.04 30.46 12 HMSP PT. HM Sampoerna Tbk 22.14 17.38 13 BRAM PT. Indo Kordsa Tbk 35.29 31.22 14 INDR PT. Indorama Syntetic Tbk 65.41 75.27 15 INTP PT. Indocement Tunggal Prakasa Tbk 45.64 33.34 16 KAEF PT. Kimia Farma Tbk 4.35 4.97 17 IMSH PT. Lion Mesh Prima Tbk 12.45 20.73 18 MYOR PT. Mayora Indah Tbk 37.01 39.65 19 MTDL PT. Metrodata Electronica Tbk 15.16 11.35 20 MLBI PT. Multi Bintang Indonsia Tbk 18.13 18.82 21 MASA PT. Multistrada Arah Sarana Tbk 55.00 18.86 22 BATA PT. Sepatu Bata Tbk 9.22 7.08 23 SMGR PT. Semen Gresik Tbk 8.28 5.28 24 SOBI PT. Sorini Agro Asia Corporindo Tbk 12.78 13.34 25 TOTO PT. Surya Toto Indonesia Tbk 94.87 76.41 26 SCCO PT. Supreme Cable Manufacturing 0.77 1.09 Tbk 27 IKBI PT. Sumi Indo Kabel Tbk 1.76 1.80 28 TBLA PT. Tunas Baru Lampung Tbk 85.06 104.41 29 TRST PT. Trias Sentosa Tbk 49.79 49.38 30 TSPC PT. Tempo Scan Pasific Tbk 4.31 4.66 31 UNIC PT. Unggul Indah Cahaya Tbk 71.03 17.78 32 UNTR PT. United Tractors Tbk 55.65 34.23 33 UNVR PT. Unilever Indonesia Tbk 8.10 7.84
2008 56.40 11.06 40.15 11.98 7.42 12.47 5.91 23.44 15.36 5.69 14.56 5.48 3.41 65.27 9.66 5.07 14.47 70.40 40.62 10.45 31.55 6.72 4.18 14.16 62.40 4.34 1.83 100.6 39.27 5.34 49.99 33.88 9.90
Universitas Sumatera Utara
Lampiran vii
Tabulasi Data Variabel Penelitian (Sebelum Transformasi) No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Kode AQUA ASGR ASII AUTO SQBI CTBN DLTA EKAD FAST GGRM HEXA HMSP BRAM INDR INTP KAEF LMSH
2006 6.83 5.11 7.29 4.62 11.27 7.90 4.15 7.79 3.45 4.12 4.57 19.93 1.97 1.18 3.22 3.08 3.31
Tobin-q 2007 6.82 7.86 10.05 5.47 2.63 6.86 2.91 6.09 3.77 4.08 5.43 18.14 2.06 1.28 4.39 5.51 5.45
2008 6.20 3.39 3.83 5.45 2.64 7.16 3.75 10.10 3.99 2.53 10.68 9.39 1.91 1.13 2.59 2.26 6.54
Devidend Payout Ratio 2006 2007 2008 16.97 19.97 16.18 97.56 60.38 90.68 31.63 28.29 34.95 16.4 15.25 43.60 55.35 47.69 39.82 68.58 68.65 68.65 26.01 44.01 26.79 30.00 39.63 24.26 12.99 19.57 16.02 47.71 33.33 25.58 36.22 35.62 6.91 18.01 35.67 101.26 29.49 72.42 29.92 50.08 43.57 16.19 18.63 14.99 8.44 25.00 25.28 28.27 10.80 8.08 4.99
Return On Equity 2006 2007 2008 10.92 12.99 14.16 18.77 22.95 18.77 16.59 24.18 27.78 15.13 20.12 21.34 33.06 32.88 43.94 28.52 25.97 21.3 10.02 10.32 16.11 9.96 6.96 7.80 23.92 27.17 25.96 7.66 10.22 12.12 11.41 13.01 41.70 62.00 44.94 48.40 2.20 4.38 9.50 0.85 0.97 3.04 9.83 14.18 20.53 5.05 5.75 5.84 7.24 7.21 24.37
Debt to Equity Ratio 2006 2007 2008 60.26 58.73 56.40 46.04 3.66 11.06 51.07 37.71 40.15 17.67 14.85 11.98 14.02 11.22 7.42 9.75 10.29 12.47 6.42 6.08 5.91 4.04 4.71 23.44 16.42 16.93 15.36 5.35 6.14 5.69 46.04 30.46 14.56 22.14 17.38 5.48 35.29 31.22 3.41 65.41 75.27 65.27 45.64 33.34 9.66 4.35 4.97 5.07 12.45 20.73 14.47
Universitas Sumatera Utara
18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
MYOR MTDL MLBI MASA BATA SMGR SOBI TOTO SCCO IKBI TBLA TRST TSPC UNIC UNTR UNVR
2.45 19.79 4.16 1.27 3.86 7.27 7.76 2.13 4.10 3.20 1.66 1.03 6.33 2.85 4.79 27.89
2.74 26.53 4.24 1.27 6.39 11.21 5.82 2.29 7.38 3.91 3.62 1.20 5.54 2.62 6.82 21.69
2.45 6.76 4.01 1.19 2.84 8.15 3.79 2.61 5.57 2.31 2.13 1.14 3.35 3.08 2.58 19.09
28.69 29.19 75.60 2.11 28.05 20.32 1.94 24.86 27.89 24.14 6.16 54.12 40.98 80.01 26.05 55.40
21.62 21.42 89.89 16.30 49.06 5.01 11.47 26.36 11.45 39.50 32.48 79.11 40.32 0.51 28.65 64.94
15.62 19.09 34.13 205.72 58.48 35.18 29.94 27.13 54.97 31.35 135.00 24.20 84.21 40.58 28.58 83.04
9.65 7.92 37.08 23.56 10.61 23.56 7.77 28.40 16.60 11.89 6.12 2.66 14.03 1.02 20.25 72.69
13.09 10.02 42.68 2.27 16.65 26.79 21.34 17.77 15.35 17.60 10.40 1.81 13.16 2.76 26.04 72.88
15.36 9.45 64.59 0.23 57.69 31.28 26.21 17.43 3.15 19.26 7.13 5.59 14.34 3.01 23.90 77.65
37.01 15.16 18.13 55.00 9.22 8.28 12.78 94.87 0.77 1.76 85.06 49.79 4.31 71.03 55.65 8.10
39.65 70.40 11.35 40.62 18.82 10.45 18.86 31.55 7.08 6.72 5.28 4.18 13.34 14.16 76.41 62.40 1.09 4.34 1.80 1.83 104.41 100.60 49.38 39.27 4.66 5.34 17.78 49.99 34.23 33.88 7.84 9.90
Universitas Sumatera Utara
Lampiran viii
Tabulasi data Variabel Penelitian (setelah Transformasi) NO 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Kode AQUA ASGR ASII AUTO SQBI CTBN DLTA EKAD FAST GGRM HEXA HMSP BRAM INDR INTP KAEF LMSH
2006 1.92 1.63 1.99 1.53 2.42 2.07 1.42 2.05 1.24 1.42 1.52 2.99 0.68 0.17 1.17 1.12 1.20
Tobin-q 2007 1.92 2.06 2.31 1.70 0.97 1.93 1.07 1.81 1.33 1.41 1.69 2.90 0.72 0.25 1.48 1.71 1.70
2008 1.82 1.22 1.34 1.70 0.97 1.97 1.32 2.31 1.38 0.93 2.37 2.24 0.65 0.12 0.95 0.82 1.88
Devidend Payout Ratio 2006 2007 2008 2.83 2.99 2.78 4.58 4.10 4.51 3.45 3.34 3.55 2.80 2.72 3.78 4.01 3.86 3.68 4.23 4.23 4.23 3.26 3.78 3.29 3.40 3.68 3.19 2.56 2.97 2.77 3.87 3.51 3.24 3.59 3.57 1.93 2.89 3.57 4.62 3.38 4.28 3.40 3.91 3.77 2.78 2.92 2.71 2.13 3.22 3.23 3.34 2.38 2.09 1.61
Return On Equity 2006 2007 2008 2.39 2.56 2.65 2.93 3.13 2.93 2.81 3.19 3.32 2.72 3.00 3.06 3.50 3.49 3.78 3.35 3.26 3.06 2.30 2.33 2.78 2.30 1.94 2.05 3.17 3.30 3.26 2.04 2.32 2.49 2.43 2.57 3.73 4.13 3.81 3.88 0.79 1.48 2.25 -0.16 -0.03 1.11 2.29 2.65 3.02 1.62 1.75 1.76 1.98 1.98 3.19
Debt to Equity Ratio 2006 2007 2008 4.10 4.07 4.03 3.83 1.30 2.40 3.93 3.63 3.69 2.87 2.70 2.48 2.64 2.42 2.00 2.28 2.33 2.52 1.86 1.81 1.78 1.40 1.55 3.15 2.80 2.83 2.73 1.68 1.81 1.74 3.83 3.42 2.68 3.10 2.86 1.70 3.56 3.44 1.23 4.18 4.32 4.18 3.82 3.51 2.27 1.47 1.60 1.62 2.52 3.03 2.67
Universitas Sumatera Utara
18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
MYOR MTDL MLBI MASA BATA SMGR SOBI TOTO SCCO IKBI TBLA TRST TSPC UNIC UNTR UNVR
0.90 2.99 1.43 0.24 1.35 1.98 2.05 0.76 1.41 1.16 0.51 0.03 1.85 1.05 1.57 3.33
1.01 3.28 1.44 0.24 1.85 2.42 1.76 0.83 2.00 1.36 1.29 0.18 1.71 0.96 1.92 3.08
0.90 1.91 1.39 0.17 1.04 2.10 1.33 0.96 1.72 0.84 0.76 0.13 1.21 1.12 0.95 2.95
3.36 3.37 4.33 0.75 3.33 3.01 0.66 3.21 3.33 3.18 1.82 3.99 3.71 4.38 3.26 4.01
3.07 3.06 4.50 2.79 3.89 1.61 2.44 3.27 2.44 3.68 3.48 4.37 3.70 -0.67 3.36 4.17
2.75 2.95 3.53 5.33 4.07 3.56 3.40 3.30 4.01 3.45 4.91 3.19 4.43 3.70 3.35 4.42
2.27 2.07 3.61 3.16 2.36 3.16 2.05 3.35 2.81 2.48 1.81 0.98 2.64 0.02 3.01 4.29
2.57 2.30 3.75 0.82 2.81 3.29 3.06 2.88 2.73 2.87 2.34 0.59 2.58 1.02 3.26 4.29
2.73 2.25 4.17 -1.47 4.06 3.44 3.27 2.86 1.15 2.96 1.96 1.72 2.66 1.10 3.17 4.35
3.61 2.72 2.90 4.01 2.22 2.11 2.55 4.55 -0.26 0.57 4.44 3.91 1.46 4.26 4.02 2.09
3.68 2.43 2.93 2.94 1.96 1.66 2.59 4.34 0.09 0.59 4.65 3.90 1.54 2.88 3.53 2.06
4.25 3.70 2.35 3.45 1.91 1.43 2.65 4.13 1.47 0.60 4.61 3.67 1.68 3.91 3.52 2.29
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Lampiran ix
Statistik Deskriptif
Statistik Deskriptif Sebelum Transformasi dengan Logaritma Natural Descriptive Statistics N
Minimum
Maximum
Mean
Std. Deviation Variance
Tobin-q
99
.03
3.33
1.4637
.72993
.533
Devidend Payout Ratio
99
-.67
5.33
3.3305
.89245
.796
Return On Equity
99
-1.47
4.35
2.5581
1.02717
1.055
Debt to Equity Ratio
99
-.26
4.65
2.7467
1.09797
1.206
Valid N (listwise)
99
Statistik Deskriptif Setelah Transformasi dengan Logaritma Natural Descriptive Statistics N
Minimum
Maximum
Mean
Std. Deviation Variance
LN_Tobin-q
99
.03
3.33
1.4637
.72993
.533
LN_D PR
99
-.67
5.33
3.3305
.89245
.796
LN_ROE
99
-1.47
4.35
2.5581
1.02717
1.055
LN_DER
99
-.26
4.65
2.7467
1.09797
1.206
Valid N (listwise)
99
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Lampiran x
Hasil uji Normalitas : Nonparametric-test Kolmogorov Smirnov Sebelum Transformasi dengan Logaritma Natural One-Sample Kolmogorov-Smirnov Test
Tobin-q N Normal Parameters
a
Mean Std. Deviation
Devidend Payout
Return
Debt to
Ratio
On Equity
Equity Ratio
99
99
99
99
5.7272
37.9511
19.1988
26.0442
5.17015
30.26336
16.46998
25.07932
Most Extreme
Absolute
.196
.169
.135
.219
Differences
Positive
.196
.169
.135
.219
Negative
-.182
-.108
-.125
-.157
1.948
1.684
1.345
2.177
.001
.007
.054
.000
Kolmogorov-Smirnov Z Asymp. Sig. (2-tailed) a. Test distribution is Normal.
Setelah Transformasi dengan Logaritma Natural One-Sample Kolmogorov-Smirnov Test LN-Tobin-q N Normal Parameters
a
LN-DPR
LN-ROE
LN-DER
99
99
99
99
Mean
1.4637
3.3305
2.5581
2.7467
Std. Deviation
.72993
.89245
1.02717
1.09797
Most Extreme
Absolute
.062
.130
.119
.094
Differences
Positive
.062
.054
.069
.046
Negative
-.046
-.130
-.119
-.094
Kolmogorov-Smirnov Z
.614
1.294
1.189
.933
Asymp. Sig. (2-tailed)
.845
.070
.118
.349
a. Test distribution is Normal.
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Hasil Uji Normalitas : Grafik Histogram Residual Sebelum Transformasi dengan Logaritma Natural
Setelah Transformasi dengan Logaritma Natural
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Hasil Uji Normalitas : Normal probability Plot Residual Sebelum Transformasi dengan logaritma Natural
Setelah Transformasi dengan Logaritma Natural
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Lampiran xi
Hasil Uji Multikolinearitas a
Coefficients
Collinearity Statistics Model 1
Tolerance
VIF
LN_Tobin-q
.677
1.478
LN_DPR
.999
1.001
LN_ROE
.677
1.478
a. Dependent Variable: LN_DER
Lampiran xii
Hasil Uji Autokorelasi Model Summaryb
Model 1
R .328a
R Square .108
Adjusted R
Std. Error of the
Square
Estimate .080
1.05337
Durbin-Watson 1.963
a. Predictors: (Constant), LN_ROE, LN_DPR, LN_Tobin-q b. Dependent Variable: LN_DER
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Lampiran xiii
Hasil Uji Heterokedastisitas
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Lampiran xiv
Hasil Uji t (Uji Hipotesis t) a
Coefficients
Standardized Unstandardized Coefficients Model 1
B
Coefficients
Std. Error
Beta
(Constant)
3.860
.497
LN_Tobin-q
-.327
.177
LN_DPR
-.071
LN_ROE
-.156
t
Sig.
7.763
.000
-.217
-1.846
.068
.119
-.058
-.595
.554
.126
-.146
-1.236
.220
a. Dependent Variable: LN_DER
Lampiran xv
Hasil Uji F (Uji Hipotesis F) ANOVAb Model 1
Sum of Squares Regression
df
Mean Square
12.732
3
4.244
Residual
105.411
95
1.110
Total
118.143
98
F 3.825
Sig. .012a
a. Predictors: (Constant),LN_ ROE, LN_DPR, Tobin-q b. Dependent Variable: LN_DER
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