82
LAMPIRAN Lampiran 1 : Pemilihan Sampel Tabel 4.1
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
Perusahaan Sampel KODE NAMA PERUSAHAAN INTP PT.Indocement Tunggal Prakasa Tbk SMCB PT.Holicm Indonesia Tbk SMGR PT.Semen Gersik Tbk TOTO PT.Surya Toto Indonesia Tbk LION PT.Lion Metal Works Tbk SPMA PT.Suparma Tbk ASII PT.Astra International Tbk AUTO PT.Astra Auto Part Tbk BRAM PT.Indo Kordsa Tbk GDYR PT.Goodyear Indonesia Tbk GJTL PT.Gajah Tunggal Tbk MASA PT.Multistarda Arah Saran Tbk NIPS PT.Nippers Tbk SMSM PT.Selamat Sempurna Tbk RICY PT.Ricky Putra Globalindo Tbk BATA PT. Sepatu Bata Tbk KBLI PT.KMI Wire and Cable Tbk AISA PT.Tiga Pilar Sejahtera Food Tbk INDF PT.Indofood Sukses Makmur Tbk ULTJ PT.Ultrajaya Milk Industry and Trading Company Tbk GGRM PT.Gudang Garam Tbk DVLA PT.Darya Varia Laboratoria Tbk KAEF PT.Kimia Farma Tbk KLBF PT.Kalbe Farm Tbk TSPC PT.Tempo Scan Pasific Tbk TCID PT.Mandom Indonesia Tbk UNVR PT.Unilever Indonesia Tbk
83
Lampiran 2 : Pengolahan Data Data Perhitungan Struktur Modal Dengan Proksi Debt To Equity Ratio tahun 2011 – 2015 DER =
NO
PERUSAHAAN
1
INTP
2
SMCB
3
SMGR
4
TOTO
5
LION
6
SPMA
7
ASII
TAHUN 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011
Debt to equity ratio (DER) 0.17 0.15 0.17 0.16 0.17 0.53 0.45 0.45 0.7 0.96 0.29 0.35 0.46 0.41 0.37 0.73 0.76 0.7 0.69 0.65 0.17 0.21 0.17 0.2 0.35 1.07 1.07 1.14 1.34 1.6 1.1
84
8
AUTO
9
BRAM
10
GDYR
11
GJTL
12
MASA
13
NIPS
14
SMSM
15
RICY
2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012
1.02 1.03 1.02 0.96 0.36 0.47 0.62 0.32 0.3 0.26 0.36 0.36 0.47 0.73 1.76 1.8 1.35 0.98 1.17 1.94 1.61 1.35 1.68 0.02 0.87 1.68 0.68 0.68 0.67 1.28 1.69 1.6 2.38 1.1 0.96 0.7 0.71 0.96 0.53 0.82 0.83
85
16
BATA
17
KBLI
18
AISA
19
INDF
20
ULTJ
21
GGRM
22
DVLA
23
KAEF
2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013
1.3 1.91 1.95 0.46 0.46 0.48 0.49 0.81 1.03 0.51 0.37 0.51 0.42 2.24 0.96 0.9 1.13 1.05 1.34 0.7 0.74 1.04 1.08 0.54 0.65 0.44 0.4 0.29 0.44 0.59 0.56 0.73 0.75 0.33 0.28 0.28 0.3 0.28 0.49 0.43 0.44
86
24
KLBF
25
TSPC
26
TCID
27
UNVR
2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
0.52 0.65 0.22 0.27 0.28 0.33 0.27 0.36 0.4 0.38 0.4 0.36 0.1 0.11 0.15 0.24 0.44 1.15 1.85 1.94 2.12 1.6
87
Lampiran 2 (lanjutan…) Data Perhitungan Ukuran Perusahaan Dengan Proksi Log Natural Penjualan tahun 2011 – 2015 Size = Ln (Total Penjualan)
NO
PERUSAHAAN
1
INTP
2
SMCB
3
SMGR
4
TOTO
5
LION
6
SPMA
7
ASII
TAHUN 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011
PENJUALAN 11137805 13887892 17290337 18691286 1996264 5960589 7523964 9011076 9686262 10528723 14344189 16378794 19598548 24501241 26987035 1121499 1314927 1576763 1711307 2053630 207833 268414 333922 333674 377623 1162609 1189508 1274793 1395838 1550810 129991000
SIZE 16.22585574 16.44652794 16.66565835 16.74356798 14.50678799 15.60067986 15.83360368 16.01396505 16.08621915 16.16961760 16.47885547 16.61149801 16.79096604 17.01423433 17.11086712 13.93017674 14.08929171 14.27088457 14.35276796 14.53511952 12.24449015 12.50028584 12.71866271 12.71791975 12.84165162 13.96617718 13.98905033 14.05829437 14.14900551 14.25428793 18.68297578
88
NO
PERUSAHAAN
8
AUTO
9
BRAM
10
GDYR
11
GJTL
12
MASA
13
NIPS
14
SMSM
15
RICY
TAHUN 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011
PENJUALAN 162564000 188053000 193880000 201701000 6255109 7363659 8277485 10701988 12255427 1805360 1900212 1683897 2456059 2583169 1738602 1879889 1966901 2262339 1999274 9853904 11841396 12578596 12352917 13070734 2006840 2861930 3102924 33974149 3535615 400895 579224 702719 911064 1015868 1561787 1807891 2613842 2372983 2632960 580322
SIZE 18.90658233 19.05223440 19.08274997 19.12229696 15.64890913 15.81206751 15.92904974 16.18594008 16.32147942 14.40627058 14.45747602 14.33662131 14.71406859 14.76452750 14.36859190 14.44672329 14.49196977 14.63190979 14.50829467 16.10337828 16.28711209 16.34750720 16.32940279 16.38588624 14.51207190 14.86700678 14.94785545 17.34111047 15.07839782 12.90145483 13.26944456 13.46271238 13.72236843 13.83125398 14.26134124 14.40767153 14.77633173 14.67965837 14.78361925 13.27133840
89
NO
PERUSAHAAN
16
BATA
17
KBLI
18
AISA
19
INDF
20
ULTJ
21
GGRM
22
DVLA
23
KAEF
TAHUN 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011
PENJUALAN 616395 749973 984185 1185444 644189 678592 751449 902459 1008728 1228092 1841939 2273197 2572350 2384078 705220 1752802 2747623 4056735 5139974 38403380 45332256 50059427 57731998 63594452 1880411 2102384 2809851 3460231 3916789 37691997 41884352 49028696 55436954 65185850 929197 972297 1087380 1101684 1103822 3183829
SIZE 13.33164327 13.52779248 13.79956917 13.98562795 13.37574744 13.42777534 13.52975862 13.71287854 13.82420069 14.02097230 14.42632938 14.63669777 14.76033044 14.68432302 13.46626509 14.37672621 14.82624673 15.21588902 15.45255858 17.46365603 17.62952939 17.72872140 17.87132214 17.96803679 14.44700093 14.55858250 14.84864201 15.05684591 15.18078274 17.44495835 17.55042285 17.70791632 17.83075697 17.99275298 13.74207605 13.78741659 13.89928169 13.91235048 13.91428926 14.97359512
90
NO
PERUSAHAAN
24
KLBF
25
TSPC
26
TCID
27
UNVR
TAHUN 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
PENJUALAN 3481166 3734241 4348074 4521025 10266789 10911860 13636405 16002131 17368533 5134242 5780664 6630810 6854889 7512115 1466939 1654671 1851153 2027899 2308204 19690239 23469218 27303248 30757435 34511534
SIZE 15.06287785 15.13305514 15.28524355 15.32424930 16.14442487 16.20536083 16.42825361 16.58823246 16.67017068 15.45144278 15.57002911 15.70723753 15.74047268 15.83202761 14.19868847 14.31911276 14.43131925 14.52251084 14.65198029 16.79563359 16.97120025 17.12251623 17.24164231 17.35680414
91
Lampiran 2 (lanjutan…) Data Perhitungan Likuiditas Perusahaan Dengan Proksi Current Ratio Tahun 2011 – 2015 CR=
No
Perusahaan
1
INTP
2
SMCB
3
SMGR
4
TOTO
5
LION
6
SPMA
7
ASII
Tahun 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011
Current Ratio 5.55 6.99 6.03 6.15 4.93 1.66 1.47 1.4 0.64 0.6 2.92 2.65 1.71 1.88 2.21 2.1 1.88 2.15 2.19 2.11 9.44 7.1 9.34 6.73 3.69 3.91 1.22 2.65 1.2 3.65 1.26
92
No
Perusahaan
8
AUTO
9
BRAM
10
GDYR
11
GJTL
12
MASA
13
NIPS
14
SMSM
15
RICY
Tahun 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011
Current Ratio 1.36 1.4 1.24 1.32 1.76 1.35 1.16 1.89 1.33 4.02 2.79 2.13 1.57 1.42 0.86 0.85 0.89 0.94 0.94 1.76 1.75 1.72 2.31 0.04 0.67 0.48 1.39 1.57 1.75 1.02 1.08 1.11 1.05 1.29 2.17 2.72 2.05 2.1 2.11 1.82
93
No
Perusahaan
16
BATA
17
KBLI
18
AISA
19
INDF
20
ULTJ
21
GGRM
22
DVLA
23
KAEF
Tahun 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011
Current Ratio 1.78 2.25 1.77 1.75 2.08 2.13 2.12 2.59 1.55 2.63 2.19 3.07 2.55 3.33 1.29 1.89 1.27 1.75 2.66 2.04 1.91 2.05 1.67 1.81 2 1.52 2.02 2.47 3.34 2.7 2.24 2.17 1.72 1.62 3.72 4.83 4.31 4.24 5.18 2.43
94
No
Perusahaan
24
KLBF
25
TSPC
26
TCID
27
UNVR
Tahun 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Current Ratio 2.75 2.8 2.43 2.39 4.39 3.65 3.41 2.84 3.4 3.37 3.08 3.09 2.96 3 10.68 11.74 7.73 3.57 1.8 0.85 0.69 0.64 0.7 0.92
95
Lampiran 2 (lanjutan…) Data Perhitungan Profitabiltas Dengan Proksi Return On Asset Tahun 2011 – 2015 ROA=
NO
PERUSAHAAN
1
INTP
2
SMCB
3
SMGR
4
TOTO
5
LION
6
SPMA
7
ASII
EAT 3224942 3601516 4763388 5217953 5153776 828422 1054987 1381404 1006363 652412 3633220 3955273 4924791 4926640 5587346 193798 218724 236696 236558 294614 38631 52535 85374 64761 49002 29621 33076 39967 23858 49065 14366000
ASSET 15346146 18151331 22755160 26607241 28884973 10437249 10950501 12168517 14894990 17195352 15562999 19661603 26579084 30792884 34314666 1091583 1339570 1522664 1746178 2027289 303900 365816 433497 498568 600103 1490034 1551777 1664353 1767106 2091957 112857000
ROA 0.21014670 0.19841608 0.20933221 0.19611026 0.17842412 0.07937168 0.09634144 0.11352279 0.06756386 0.03794118 0.23345243 0.20116737 0.18528821 0.15999281 0.16282676 0.17753849 0.16327926 0.15544861 0.13547187 0.14532412 0.12711747 0.14361045 0.19694254 0.12989402 0.08165598 0.01987941 0.02131492 0.02401354 0.01350117 0.02345411 0.12729383
96
NO
PERUSAHAAN
8
AUTO
9
BRAM
10
GDYR
11
GJTL
12
MASA
13
NIPS
14
SMSM
EAT 21348000 22460000 23708000 22151000 1141179 1105649 1076431 1099709 1150174 134160 54979 237177 24018 211975 66676 19555 64538 56864 34096 830624 946046 1086114 340488 293797 176082 142764 6806 21456 4510 12663 17831 43499 33872 117018 150420 219260 268543 338223 420436
ASSET 153521000 182274000 213994000 236029000 5585852 6964227 8881642 12617678 14380926 1492728 1660119 2223454 2932878 3833995 1148017 1185115 1198261 1362561 1560696 10371567 11554143 12869793 15350754 16042897 3038412 4736349 6038778 7718638 7775033 337606 446688 525629 798408 1206854 1067103 1136858 1441204 1701103 1749395
ROA 0.13905589 0.12322108 0.11078815 0.09384864 0.20429811 0.15876119 0.12119730 0.08715621 0.07997913 0.08987572 0.03311751 0.10667052 0.00818923 0.05528828 0.05807928 0.01650051 0.05385972 0.04173318 0.02184666 0.08008664 0.08187937 0.08439250 0.02218054 0.01831321 0.05795198 0.03014220 0.00112705 0.00277977 0.00058006 0.03750822 0.03991824 0.08275609 0.04242442 0.09696119 0.14096109 0.19286490 0.18633240 0.19882570 0.24033223
97
NO
PERUSAHAAN
15
RICY
16
BATA
17
KBLI
18
AISA
19
INDF
20
ULTJ
21
GGRM
22
DVLA
EAT 10818 12210 16978 8721 15112 60975 56615 69343 44374 70781 48396 63747 125214 73567 70136 75857 149951 253664 346728 378142 2952858 5017425 4871745 5161247 4812618 107123 101323 353432 325127 283361 4146282 4958102 4068711 4383932 5935293 110881 120915 148909 125796
ASSET 613323 642095 842499 1109865 1170752 484253 516649 574108 680685 774891 594564 1083524 1161698 1337022 1337351 1936949 3590309 3867576 5020824 7371846 47275955 53585933 59389405 78092789 85938885 2006596 2179182 2420793 2811621 2917084 30741679 39088705 41509325 50770251 58220600 854110 928291 1074691 1190054
ROA 0.01763834 0.01901588 0.02015195 0.00785771 0.01290794 0.12591559 0.10958117 0.12078389 0.06519021 0.09134317 0.08139746 0.05883303 0.10778533 0.05502303 0.05244397 0.03916314 0.04176549 0.06558733 0.06905799 0.05129543 0.06246004 0.09363325 0.08203054 0.06609121 0.05600047 0.05338543 0.04649589 0.14599844 0.11563685 0.09713844 0.13487494 0.12684232 0.09801920 0.08634844 0.10194490 0.12982051 0.13025549 0.13855983 0.10570613
98
NO
PERUSAHAAN
23
KAEF
24
KLBF
25
TSPC
26
TCID
27
UNVR
EAT 80929 138716 171763 205764 215642 236531 1286330 1539721 1772035 2004244 2129215 488889 585309 643568 674147 674147 131445 140039 150803 160564 174908 3384648 4164304 4839145 5352625 5738523
ASSET 1236248 1657292 1794242 2076348 2471940 2968185 7032497 8274554 9417957 11315061 12452032 3589596 4250374 4632985 5407958 5592730 1047238 1130865 1261573 1465952 1853235 8701262 10482312 11984979 13348188 14280670
ROA 0.06546340 0.08370040 0.09573012 0.09909899 0.08723594 0.07968877 0.18291227 0.18607903 0.18815493 0.17713064 0.17099338 0.13619611 0.13770765 0.13891001 0.12465833 0.12053988 0.12551588 0.12383353 0.11953569 0.10952882 0.09437983 0.38898358 0.39726961 0.40376750 0.40100012 0.40183850
99
Lampiran 2 (lanjutan…) Data Perhitungan Risiko Bisnis tahun 2011 – 2015
BRISK =
Risiko No Perusahaan
1
INTP
2
SMCB\
3
SMGR
4
TOTO
Tahun 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008
EBIT 1067676 1584814 2459869 3693305 4020030 4418023 5876742 6064100 5794993 6178 520463 1001383 1398196 1333346 1201046 2308457 1848668 1291965 1799379 2396848 3387186 4342563 4489025 4892132 6181524 6972385 6593740 101696 143327
ASSET 9598280 10016028 10536380 13276270 15346146 18151331 22755160 26607241 28884973 7065846 7208250 7324210 7265366 10437249 10950501 12168517 14894990 17195352 7496419 8515227 7297859 12591308 15562999 19661603 26579084 30792884 34314666 908168 913995
EBIT/Total Asset 0.11123618 0.15822779 0.23346434 0.27818845 0.26195698 0.24339940 0.25825975 0.22791164 0.20062311 0.00087435 0.07220379 0.13672232 0.19244674 0.12774880 0.10967955 0.18970734 0.12411341 0.07513455 0.24003181 0.28147787 0.46413421 0.34488577 0.28844216 0.24881654 0.23257099 0.22642845 0.19215516 0.11197928 0.15681377
Standar Deviasi
0.07128258 0.04625686 0.01728492 0.01910170 0.02505708
0.07260079 0.04381236 0.03764173 0.03924736 0.04158208
0.08688606 0.08483340 0.09355656 0.04919465 0.03509284
100
Risiko No Perusahaan
5
LION
6
SPMA
7
ASII
8
AUTO
Tahun 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011
EBIT 205660 213179 258865 299798 373432 347408 388808 25686 30533 50994 44096 47020 58918 96532 74475 52263 68512 112889 97932 64147 109685 94558 129992 137586 181194 4991316 8501486 11876000 12756000 14725000 17832000 19870000 25949700 20163000 158352 372199 451868 419991 573115
ASSET 847605 1010892 1091583 1339570 1522664 1746178 2027289 187689 216130 165030 271366 303900 365816 433497 498568 600103 1381434 1501892 1320219 1432637 1490034 1551777 1664353 1767106 2091957 57929290 63519598 61166666 89938000 112857000 153521000 182274000 213994000 236029000 3028160 3454254 3028465 4644939 5585852
EBIT/Total Asset 0.24263661 0.21088207 0.23714642 0.22380167 0.24524912 0.19895337 0.19178716 0.13685405 0.14127146 0.30899836 0.16249641 0.15472195 0.16105911 0.22268205 0.14937782 0.08709005 0.04959484 0.07516453 0.07417860 0.04477547 0.07361241 0.06093530 0.07810362 0.07785951 0.08661459 0.08616222 0.13384036 0.19415804 0.14183104 0.13047485 0.11615349 0.10901171 0.12126368 0.08542594 0.05229314 0.10775091 0.14920694 0.09041906 0.10260118
Standar Deviasi
0.05612514 0.03439311 0.01439032 0.01884581 0.02336140
0.07235958 0.06942910 0.06585647 0.02987604 0.04811709
0.01496922 0.01308246 0.01366521 0.01427968 0.00937477
0.03849348 0.02991488 0.03369752 0.01277941 0.01701773
0.03483846
101
Risiko No Perusahaan
9
BRAM
10
GDYR
11
GJTL
12
MASA
Tahun 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014
EBIT 519548 475534 671799 464008 69494 84321 138279 154361 214430 189860 35359 136708 277293 35481 58607 43399 128117 87284 33028 102534 137598 68242 365121 664749 581353 114990 1287427 1009571 1289426 789195 532628 2847 90679 176405 230818 256960 282271 140219 139403
ASSET 6964227 8881642 12617678 14380926 1530173 1554863 1709355 1349631 1492728 1660119 2223454 2932878 3833995 454851 579661 453737 1127630 1148017 1185115 1198261 1362561 1560696 7276025 8454693 7497373 9044134 10371567 11554143 12869793 15350754 16042897 1433688 1799172 1083291 2536045 3038412 4736349 6038778 7718638
EBIT/Total Asset 0.07460239 0.05354123 0.05324268 0.03226552 0.04541578 0.05423050 0.08089543 0.11437274 0.14364975 0.11436530 0.01590274 0.04661224 0.07232482 0.07800576 0.10110565 0.09564792 0.11361617 0.07603023 0.02786903 0.08556900 0.10098484 0.04372536 0.05018138 0.07862485 0.07754089 0.01271432 0.12413042 0.08737740 0.10019011 0.05141083 0.03320024 0.00198579 0.05040041 0.16284175 0.09101495 0.08457049 0.05959675 0.02321976 0.01806057
Standar Deviasi 0.02785749 0.03587395 0.02198590 0.02660750
0.04121976 0.03452093 0.04890213 0.05336973 0.05124491
0.01589394 0.03358954 0.03216751 0.03290710 0.03022470
0.04100766 0.04018798 0.04165996 0.04369599 0.03679128
0.05905601 0.04423918 0.05136877 0.03378867
102
Risiko No Perusahaan
13
NIPS
14
SMSM
15
RICY
16
BATA
17
KBLI
Tahun 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008
EBIT 126092 18448 27760 32428 7251 23772 42082 54967 76509 103299 115394 149984 212947 189779 227845 296506 362981 421425 548609 63453 63770 27544 7894 19804 30660 48814 116228 62556 36301 61694 56103 74958 87131 81128 100164 65392 103213 56719 52073
ASSET 7775033 220228 288147 190225 314478 337606 446688 525629 798408 1206854 716686 830050 663138 941651 1067103 1136858 1441204 1701103 1749395 516488 574677 417333 599719 613323 642095 842499 1109865 1170752 271461 332080 305779 416679 484253 516649 574108 680685 774891 441085 499368
EBIT/Total Asset 0.01621755 0.08376773 0.09633972 0.17047181 0.02305726 0.07041344 0.09420893 0.10457376 0.09582695 0.08559362 0.16101054 0.18069273 0.32112019 0.20153857 0.21351735 0.26081182 0.25185956 0.24773632 0.31359927 0.12285474 0.11096668 0.06600005 0.01316283 0.03228967 0.04774994 0.05793953 0.10472265 0.05343232 0.13372455 0.18578053 0.18347565 0.17989388 0.17992867 0.15702730 0.17446892 0.09606793 0.13319680 0.12858973 0.10427781
Standar Deviasi 0.03040776
0.05341495 0.05337263 0.05370847 0.03302354 0.01291352
0.06231993 0.05615147 0.04705758 0.02595109 0.03612380
0.04779110 0.03730708 0.02108794 0.03437448 0.02721411
0.02185297 0.01156122 0.01052817 0.03559001 0.03434209
103
Risiko No Perusahaan
18
AISA
19
INDF
20
ULTJ
21
GGRM
Tahun 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011
EBIT 69915 33655 64572 97133 180837 165639 105744 27269 55899 122976 105469 126390 307852 425965 615552 653154 1975709 2894428 4341476 5004209 6729311 6718716 6870594 6717981 7208732 66077 277360 61132 126949 185417 182059 429342 423195 374127 2190332 2528677 3165635 5206837 5857861
ASSET 489802 490722 594564 1083524 1161698 1337022 1337351 363933 515609 357786 1347036 1936949 3590309 3867576 5020824 7371846 16112493 29527466 14786084 40382953 47275955 53585933 59389405 78092789 85938885 1249080 5333046 1254444 1732702 2006596 2179182 2420793 2811621 2917084 21733034 23928968 22128851 27230965 30741679
EBIT/Total Asset 0.14274135 0.06858262 0.10860395 0.08964545 0.15566610 0.12388652 0.07906974 0.07492863 0.10841355 0.34371384 0.07829709 0.06525211 0.08574527 0.11013746 0.12259980 0.08860115 0.12261970 0.09802494 0.29361905 0.12391885 0.14234109 0.12538208 0.11568720 0.08602563 0.08388208 0.05290053 0.05200780 0.04873235 0.07326649 0.09240375 0.08354465 0.17735593 0.15051637 0.12825376 0.10078354 0.10567430 0.14305465 0.19121015 0.19055111
Standar Deviasi
0.02813407 0.02727200 0.03620289 0.03319364 0.03017334
0.118271935 0.117010765 0.116910607 0.023488459 0.022366295
0.07846985 0.07818436 0.07521566 0.02066080 0.02534567
0.01865917 0.01918390 0.04881979 0.04579989 0.03928698
0.04389704
104
Risiko No Perusahaan
22
DVLA
23
KAEF
24
KLBF
25
TSPC
Tahun 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014
EBIT 6838642 6007206 6649806 8524853 78525 67669 78166 199328 137089 143029 196166 167079 94471 60631 77500 107037 111933 146198 222004 285157 293765 342481 1071271 1129355 1142712 1565875 1790904 194437 2200247 2520277 2709035 314044 320560 363371 445554 590995 657788 701807 647985
ASSET 39088705 41509325 50770251 58220600 557338 560931 550629 783613 854110 928291 1074691 1190054 1236248 1261225 1386739 1177603 1562625 1657292 1794242 2076348 2471940 2968185 4624619 5138213 4633399 6482447 7032497 8274554 9417957 11315061 12452032 2479251 2773136 2345760 3263103 3589596 4250374 4632985 5407958
EBIT/Total Asset 0.17495187 0.14471943 0.13097840 0.14642331 0.14089296 0.12063694 0.14195765 0.25437046 0.16050509 0.15407776 0.18253247 0.14039615 0.07641751 0.04807310 0.05588651 0.09089396 0.07163139 0.08821499 0.12373136 0.13733584 0.11883986 0.11538398 0.23164524 0.21979529 0.24662499 0.24155616 0.25466118 0.02349818 0.23362254 0.22273649 0.21755766 0.12666890 0.11559476 0.15490545 0.13654304 0.16464109 0.15476003 0.15148052 0.11982064
Standar Deviasi 0.03661798 0.02374774 0.02737087 0.02442525
0.05262759 0.05151950 0.04479960 0.04512393 0.04009906
0.01901688 0.02532670 0.02718383 0.02710941 0.01797905
0.01353475 0.09797315 0.09895961 0.09669616 0.09438894
0.02008792 0.01946098 0.01017298 0.01751813
105
Risiko No Perusahaan
26
TCID
27
UNVR
Tahun 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015 2007 2008 2009 2010 2011 2012 2013 2014 2015
EBIT 636266 138803 151586 175319 184917 173866 193065 210086 225889 254496 2435370 2777360 3431098 4124891 4542625 5455410 6454808 7121743 7779230
ASSET 5592730 672197 725197 545695 994620 1047238 1130865 1261573 1465952 1853235 4626000 5333406 3842351 7484990 8701262 10482312 11984979 13348188 14280670
EBIT/Total Asset 0.11376662 0.20649155 0.20902734 0.32127654 0.18591723 0.16602339 0.17072330 0.16652703 0.15409031 0.13732527 0.52645266 0.52074790 0.89296839 0.55108838 0.52206508 0.52043957 0.53857483 0.53353631 0.54473845
Standar Deviasi 0.02262878
0.06043498 0.06410584 0.06711256 0.01146567 0.01357663
0.16275080 0.16347534 0.16145683 0.01260747 0.01048951
106
Lampiran 2 (lanjutan…) Data Perhitungan Pertumbuhan Perusahaan Dengan Proksi Growth tahun 2011 – 2015 Growth=
NO PERUSAHAAN TAHUN
1
2
3
4
INTP
SMCB
SMGR
TOTO
5
LION
6
SPMA
2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 2010
ASSET 13276270 15346146 18151331 22755160 26607241 28884973 7265366 10437249 10950501 12168517 14894990 17195352 12591308 15562999 19661603 26579084 30792884 34314666 1010892 1091583 1339570 1522664 1746178 2027289 271366 303900 365816 433497 498568 600103 1432637
GROWTH
0.155907947 0.182794103 0.25363589 0.169283846 0.085605719 0.436575804 0.049175027 0.111229249 0.224059596 0.15443864 0.236011302 0.263355668 0.351826909 0.158538195 0.114369995 0.079821583 0.227181076 0.136681174 0.146791413 0.160986452 0.119889743 0.203738072 0.185013777 0.150107152 0.203653263
107
NO PERUSAHAAN TAHUN 2011 2012 2013 2014 2015 2010 2011 2012 7 ASII 2013 2014 2015 2010 2011 2012 8 AUTO 2013 2014 2015 2010 2011 2012 9 BRAM 2013 2014 2015 2010 2011 2012 10 GDYR 2013 2014 2015 2010 2011 2012 11 GJTL 2013 2014 2015 2010 2011 12 MASA 2012 2013 2014
ASSET 1490034 1551777 1664353 1767106 2091957 89938000 112857000 153521000 182274000 213994000 236029000 4644939 5585852 6964227 8881642 12617678 14380926 1349631 1492728 1660119 2223454 2932878 3833995 1127630 1148017 1185115 1198261 1362561 1560696 9044134 10371567 11554143 12869793 15350754 16042897 2536045 3038412 4736349 6038778 7718638
GROWTH 0.040063882 0.041437309 0.072546506 0.061737504 0.183832209 0.254831106 0.36031438 0.187290338 0.174023723 0.102970177 0.202567353 0.246761819 0.275323449 0.420646993 0.139744254 0.106026758 0.112137643 0.339334108 0.319063943 0.30724667 0.018079512 0.032314852 0.011092594 0.13711537 0.145413673 0.146772814 0.114020957 0.113868246 0.192773963 0.045088534 0.198090728 0.55882382 0.274985859 0.278178797
108
NO PERUSAHAAN TAHUN 2015 2010 2011 2012 13 NIPS 2013 2014 2015 2010 2011 2012 14 SMSM 2013 2014 2015 2010 2011 2012 15 RICY 2013 2014 2015 2010 2011 2012 16 BATA 2013 2014 2015 2010 2011 2012 17 KBLI 2013 2014 2015 2010 2011 2012 18 AISA 2013 2014 2015 2010 19 INDF 2011 2012
ASSET 7775033 314478 337606 446688 525629 798408 1206854 941651 1067103 1136858 1441204 1701103 1749395 599719 613323 642095 842499 1109865 1170752 416679 484253 516649 574108 680685 774891 490722 594564 1083524 1161698 1337022 1337351 1347036 1936949 3590309 3867576 5020824 7371846 40382953 47275955 53585933
GROWTH 0.007306341 0.073544095 0.323104447 0.176725141 0.518957287 0.511575535 0.133225579 0.065368573 0.267708016 0.180334637 0.02838864 0.022683957 0.04691166 0.312109579 0.317348745 0.054859825 0.1621728 0.066898914 0.111214771 0.185639287 0.138398819 0.211610647 0.822384134 0.072147917 0.150920463 0.000246069 0.437934101 0.853589847 0.077226501 0.298183669 0.468254215 0.170690885 0.133471191
109
NO PERUSAHAAN TAHUN 2013 2014 2015 2010 2011 2012 20 ULTJ 2013 2014 2015 2010 2011 2012 21 GGRM 2013 2014 2015 2010 2011 2012 22 DVLA 2013 2014 2015 2010 2011 2012 23 KAEF 2013 2014 2015 2010 2011 2012 24 KLBF 2013 2014 2015 2010 2011 2012 25 TSPC 2013 2014 2015 26 TCID 2010
ASSET 59389405 78092789 85938885 1732702 2006596 2179182 2420793 2811621 2917084 27230965 30741679 39088705 41509325 50770251 58220600 783613 854110 928291 1074691 1190054 1236248 1562625 1657292 1794242 2076348 2471940 2968185 6482447 7032497 8274554 9417957 11315061 12452032 3263103 3589596 4250374 4632985 5407958 5592730 994620
GROWTH 0.108302155 0.314927957 0.100471453 0.158073344 0.086009341 0.110872337 0.16144627 0.037509679 0.128923599 0.271521474 0.061926329 0.223104712 0.14674635 0.089964051 0.086851811 0.157709167 0.107345274 0.038816726 0.060582033 0.082634804 0.157228512 0.190522976 0.200751232 0.084852217 0.176616783 0.138183037 0.20143477 0.100482976 0.10005599 0.18408144 0.090018196 0.167272935 0.034166685
110
NO PERUSAHAAN TAHUN 2011 2012 2013 2014 2015 2010 2011 2012 27 UNVR 2013 2014 2015
ASSET 1047238 1130865 1261573 1465952 1853235 7484990 8701262 10482312 11984979 13348188 14280670
GROWTH 0.052902616 0.079854818 0.11558232 0.162003309 0.264185321 0.162494806 0.204688699 0.143352631 0.113743128 0.069858321
111
Lampiran 3 : Data Perusahaan Sebelum di Outlier
NO
PERUSAHAAN
1
INTP
2
SMCB
3
SMGR
4
TOTO
5
LION
TAHUN 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013
DER
SIZE
CR
ROA
BRISK
GROWTH
0.1700000000 0.1500000000 0.1700000000 0.1600000000 0.1700000000 0.5300000000 0.4500000000 0.4500000000 0.7000000000 0.9600000000 0.2900000000 0.3500000000 0.4600000000 0.4100000000 0.3700000000 0.7300000000 0.7600000000 0.7000000000 0.6900000000 0.6500000000 0.1700000000 0.2100000000 0.1700000000
16.2258557353 16.4465279394 16.6656583485 16.7435679839 14.5067879916 15.6006798597 15.8336036847 16.0139650453 16.0862191509 16.1696176042 16.4788554704 16.6114980073 16.7909660398 17.0142343273 17.1108671235 13.9301767413 14.0892917087 14.2708845693 14.3527679640 14.5351195169 12.2444901516 12.5002858437 12.7186627118
5.5500000000 6.9900000000 6.0300000000 6.1500000000 4.9300000000 1.6600000000 1.4700000000 1.4000000000 0.6400000000 0.6000000000 2.9200000000 2.6500000000 1.7100000000 1.8800000000 2.2100000000 2.1000000000 1.8800000000 2.1500000000 2.1900000000 2.1100000000 9.4400000000 7.1000000000 9.3400000000
0.2101467039 0.1984160831 0.2093322130 0.1961102619 0.1784241239 0.0793716812 0.0963414368 0.1135227900 0.0675638587 0.0379411832 0.2334524342 0.2011673718 0.1852882138 0.1599928087 0.1628267633 0.1775384923 0.1632792613 0.1554486085 0.1354718706 0.1453241250 0.1271174729 0.1436104490 0.1969425394
0.0712825831 0.0462568635 0.0172849214 0.0191016967 0.0250570832 0.0726007860 0.0438123624 0.0376417331 0.0392473584 0.0415820830 0.0868860588 0.0848333998 0.0935565574 0.0491946532 0.0350928403 0.0561251398 0.0343931070 0.0143903219 0.0188458103 0.0233613980 0.0723595805 0.0694291029 0.0658564747
0.1559079470 0.1827941035 0.2536358904 0.1692838459 0.0856057191 0.4365758036 0.0491750269 0.1112292488 0.2240595958 0.1544386401 0.2360113024 0.2633556681 0.3518269085 0.1585381949 0.1143699954 0.0798215833 0.2271810756 0.1366811738 0.1467914129 0.1609864516 0.1198897430 0.2037380717 0.1850137774
112
6
SPMA
7
ASII
8
AUTO
9
BRAM
10
GDYR
2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
0.2000000000 0.3500000000 1.0700000000 1.0700000000 1.1400000000 1.3400000000 1.6000000000 1.1000000000 1.0200000000 1.0300000000 1.0200000000 0.9600000000 0.3600000000 0.4700000000 0.6200000000 0.3200000000 0.3000000000 0.2600000000 0.3600000000 0.3600000000 0.4700000000 0.7300000000 1.7600000000 1.8000000000 1.3500000000 0.9800000000 1.1700000000
12.7179197474 12.8416516224 13.9661771755 13.9890503342 14.0582943705 14.1490055097 14.2542879330 18.6829757753 18.9065823284 19.0522343960 19.0827499689 19.1222969608 15.6489091278 15.8120675139 15.9290497363 16.1859400766 16.3214794173 14.4062705758 14.4574760169 14.3366213080 14.7140685908 14.7645274977 14.3685919000 14.4467232905 14.4919697657 14.6319097918 14.5082946726
6.7300000000 3.6900000000 3.9100000000 1.2200000000 2.6500000000 1.2000000000 3.6500000000 1.2600000000 1.3600000000 1.4000000000 1.2400000000 1.3200000000 1.7600000000 1.3500000000 1.1600000000 1.8900000000 1.3300000000 4.0200000000 2.7900000000 2.1300000000 1.5700000000 1.4200000000 0.8600000000 0.8500000000 0.8900000000 0.9400000000 0.9400000000
0.1298940165 0.0816559824 0.0198794121 0.0213149183 0.0240135356 0.0135011708 0.0234541150 0.1272938320 0.1390558946 0.1232210847 0.1107881529 0.0938486372 0.2042981089 0.1587611949 0.1211972966 0.0871562105 0.0799791335 0.0898757175 0.0331175054 0.1066705225 0.0081892257 0.0552882828 0.0580792793 0.0165005084 0.0538597184 0.0417331775 0.0218466633
0.0298760445 0.0481170947 0.0149692175 0.0130824584 0.0136652141 0.0142796804 0.0093747748 0.0384934786 0.0299148792 0.0336975167 0.0127794124 0.0170177275 0.0348384590 0.0278574888 0.0358739526 0.0219859043 0.0266075040 0.0412197571 0.0345209303 0.0489021254 0.0533697270 0.0512449113 0.0158939362 0.0335895415 0.0321675074 0.0329071031 0.0302246961
0.1501071518 0.2036532629 0.0400638822 0.0414373095 0.0725465064 0.0617375040 0.1838322093 0.2548311059 0.3603143801 0.1872903381 0.1740237225 0.1029701767 0.2025673534 0.2467618190 0.2753234494 0.4206469930 0.1397442541 0.1060267584 0.1121376433 0.3393341080 0.3190639429 0.3072466703 0.0180795119 0.0323148525 0.0110925944 0.1371153697 0.1454136732
113
11
GJTL
12
MASA
13
NIPS
14
SMSM
15
RICY
16
BATA
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012
1.9400000000 1.6100000000 1.3500000000 1.6800000000 0.0200000000 0.8700000000 1.6800000000 0.6800000000 0.6800000000 0.6700000000 1.2800000000 1.6900000000 1.6000000000 2.3800000000 1.1000000000 0.9600000000 0.7000000000 0.7100000000 0.9600000000 0.5300000000 0.8200000000 0.8300000000 1.3000000000 1.9100000000 1.9500000000 0.4600000000 0.4600000000
16.1033782798 16.2871120859 16.3475071973 16.3294027875 16.3858862432 14.5120719036 14.8670067804 14.9478554507 17.3411104699 15.0783978167 12.9014548266 13.2694445557 13.4627123754 13.7223684262 13.8312539774 14.2613412364 14.4076715305 14.7763317276 14.6796583715 14.7836192466 13.2713384009 13.3316432708 13.5277924849 13.7995691665 13.9856279459 13.3757474403 13.4277753423
1.7600000000 1.7500000000 1.7200000000 2.3100000000 0.0400000000 0.6700000000 0.4800000000 1.3900000000 1.5700000000 1.7500000000 1.0200000000 1.0800000000 1.1100000000 1.0500000000 1.2900000000 2.1700000000 2.7200000000 2.0500000000 2.1000000000 2.1100000000 1.8200000000 1.7800000000 2.2500000000 1.7700000000 1.7500000000 2.0800000000 2.1300000000
0.0800866446 0.0818793744 0.0843924996 0.0221805391 0.0183132136 0.0579519828 0.0301422045 0.0011270492 0.0027797650 0.0005800618 0.0375082196 0.0399182427 0.0827560884 0.0424244246 0.0969611900 0.1409610881 0.1928648961 0.1863323999 0.1988257031 0.2403322291 0.0176383406 0.0190158777 0.0201519527 0.0078577124 0.0129079429 0.1259155854 0.1095811663
0.0410076597 0.0401879787 0.0416599571 0.0436959949 0.0367912850 0.0590560076 0.0442391763 0.0513687711 0.0337886727 0.0304077565 0.0534149532 0.0533726272 0.0537084718 0.0330235448 0.0129135229 0.0623199310 0.0561514710 0.0470575786 0.0259510928 0.0361237953 0.0477911020 0.0373070845 0.0210879357 0.0343744849 0.0272141141 0.0218529699 0.0115612211
0.1467728143 0.1140209575 0.1138682462 0.1927739630 0.0450885344 0.1980907279 0.5588238198 0.2749858594 0.2781787971 0.0073063408 0.0735440953 0.3231044472 0.1767251415 0.5189572874 0.5115755353 0.1332255793 0.0653685727 0.2677080163 0.1803346369 0.0283886396 0.0226839570 0.0469116599 0.3121095788 0.3173487446 0.0548598253 0.1621727997 0.0668989144
114
17
KBLI
18
AISA
19
INDF
20
ULTJ
21
GGRM
2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014
0.4800000000 0.4900000000 0.8100000000 1.0300000000 0.5100000000 0.3700000000 0.5100000000 0.4200000000 2.2400000000 0.9600000000 0.9000000000 1.1300000000 1.0500000000 1.3400000000 0.7000000000 0.7400000000 1.0400000000 1.0800000000 0.5400000000 0.6500000000 0.4400000000 0.4000000000 0.2900000000 0.4400000000 0.5900000000 0.5600000000 0.7300000000
13.5297586216 13.7128785388 13.8242006892 14.0209723034 14.4263293791 14.6366977687 14.7603304360 14.6843230248 13.4662650899 14.3767262083 14.8262467322 15.2158890209 15.4525585791 17.4636560345 17.6295293900 17.7287213976 17.8713221358 17.9680367918 14.4470009279 14.5585824969 14.8486420150 15.0568459078 15.1807827434 17.4449583487 17.5504228545 17.7079163173 17.8307569691
2.1200000000 2.5900000000 1.5500000000 2.6300000000 2.1900000000 3.0700000000 2.5500000000 3.3300000000 1.2900000000 1.8900000000 1.2700000000 1.7500000000 2.6600000000 2.0400000000 1.9100000000 2.0500000000 1.6700000000 1.8100000000 2.0000000000 1.5200000000 2.0200000000 2.4700000000 3.3400000000 2.7000000000 2.2400000000 2.1700000000 1.7200000000
0.1207838943 0.0651902128 0.0913431696 0.0813974610 0.0588330300 0.1077853280 0.0550230288 0.0524439732 0.0391631375 0.0417654859 0.0655873343 0.0690579873 0.0512954286 0.0624600391 0.0936332489 0.0820305406 0.0660912111 0.0560004706 0.0533854348 0.0464958870 0.1459984394 0.1156368515 0.0971384437 0.1348749364 0.1268423193 0.0980192041 0.0863484405
0.0105281742 0.0355900093 0.0343420854 0.0281340679 0.0272720014 0.0362028891 0.0331936369 0.0301733383 0.1182719349 0.1170107646 0.1169106066 0.0234884585 0.0223662946 0.0784698477 0.0781843579 0.0752156611 0.0206608042 0.0253456784 0.0186591685 0.0191838965 0.0488197905 0.0457998877 0.0392869816 0.0438970398 0.0366179785 0.0237477395 0.0273708672
0.1112147706 0.1856392874 0.1383988188 0.2116106472 0.8223841336 0.0721479174 0.1509204630 0.0002460692 0.4379341012 0.8535898467 0.0772265006 0.2981836685 0.4682542148 0.1706908853 0.1334711906 0.1083021546 0.3149279573 0.1004714533 0.1580733444 0.0860093412 0.1108723365 0.1614462699 0.0375096786 0.1289235986 0.2715214742 0.0619263288 0.2231047120
115
22
DVLA
23
KAEF
24
KLBF
25
TSPC
26
TCID
27
UNVR
2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011
0.7500000000 0.3300000000 0.2800000000 0.2800000000 0.3000000000 0.2800000000 0.4900000000 0.4300000000 0.4400000000 0.5200000000 0.6500000000 0.2200000000 0.2700000000 0.2800000000 0.3300000000 0.2700000000 0.3600000000 0.4000000000 0.3800000000 0.4000000000 0.3600000000 0.1000000000 0.1100000000 0.1500000000 0.2400000000 0.4400000000 1.1500000000
17.9927529788 13.7420760513 13.7874165923 13.8992816910 13.9123504762 13.9142892609 14.9735951185 15.0628778531 15.1330551430 15.2852435464 15.3242492960 16.1444248748 16.2053608291 16.4282536126 16.5882324588 16.6701706787 15.4514427760 15.5700291129 15.7072375266 15.7404726783 15.8320276086 14.1986884748 14.3191127555 14.4313192462 14.5225108397 14.6519802909 16.7956335887
1.6200000000 3.7200000000 4.8300000000 4.3100000000 4.2400000000 5.1800000000 2.4300000000 2.7500000000 2.8000000000 2.4300000000 2.3900000000 4.3900000000 3.6500000000 3.4100000000 2.8400000000 3.4000000000 3.3700000000 3.0800000000 3.0900000000 2.9600000000 3.0000000000 10.6800000000 11.7400000000 7.7300000000 3.5700000000 1.8000000000 0.8500000000
0.1019448958 0.1298205149 0.1302554910 0.1385598279 0.1057061276 0.0654634022 0.0837003980 0.0957301189 0.0990989950 0.0872359361 0.0796887660 0.1829122714 0.1860790322 0.1881549257 0.1771306403 0.1709933768 0.1361961067 0.1377076464 0.1389100116 0.1246583276 0.1205398795 0.1255158808 0.1238335257 0.1195356908 0.1095288250 0.0943798277 0.3889835750
0.0244252526 0.0526275927 0.0515194977 0.0447995965 0.0451239327 0.0400990611 0.0190168771 0.0253266962 0.0271838338 0.0271094080 0.0179790472 0.0135347487 0.0979731471 0.0989596062 0.0966961576 0.0943889419 0.0200879171 0.0194609824 0.0101729807 0.0175181317 0.0226287793 0.0604349832 0.0641058379 0.0671125635 0.0114656705 0.0135766282 0.1627507969
0.1467463496 0.0899640511 0.0868518107 0.1577091666 0.1073452741 0.0388167260 0.0605820334 0.0826348042 0.1572285121 0.1905229759 0.2007512318 0.0848522171 0.1766167835 0.1381830368 0.2014347698 0.1004829757 0.1000559897 0.1840814398 0.0900181960 0.1672729353 0.0341666855 0.0529026161 0.0798548181 0.1155823197 0.1620033086 0.2641853212 0.1624948063
116
2012 2013 2014 2015
1.8500000000 1.9400000000 2.1200000000 1.6000000000
16.9712002481 17.1225162274 17.2416423116 17.3568041450
0.6900000000 0.6400000000 0.7000000000 0.9200000000
0.3972696100 0.4037674993 0.4010001208 0.4018384992
0.1634753418 0.1614568253 0.0126074725 0.0104895116
0.2046886992 0.1433526306 0.1137431280 0.0698583208
117
Lampiran 4 : Data Setelah di Outlier
NO PERUSAHAAN TAHUN
1
INTP
2
SMCB
3
SMGR
4
TOTO
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013
DER
SIZE
0.1700000000 0.1500000000 0.1700000000 0.1600000000 0.1700000000 0.5300000000 0.4500000000 0.4500000000 0.7000000000 0.9600000000 0.2900000000 0.3500000000 0.4600000000 0.4100000000 0.3700000000 0.7300000000 0.7600000000 0.7000000000
16.2258557353 16.4465279394 16.6656583485 16.7435679839 14.5067879916 15.6006798597 15.8336036847 16.0139650453 16.0862191509 16.1696176042 16.4788554704 16.6114980073 16.7909660398 17.0142343273 17.1108671235 13.9301767413 14.0892917087 14.2708845693
CR 5.5500000000 6.9900000000 6.0300000000 6.1500000000 4.9300000000 1.6600000000 1.4700000000 1.4000000000 0.6400000000 0.6000000000 2.9200000000 2.6500000000 1.7100000000 1.8800000000 2.2100000000 2.1000000000 1.8800000000 2.1500000000
ROA
BRISK
GROWTH
0.2101467039 0.1984160831 0.2093322130 0.1961102619 0.1784241239 0.0793716812 0.0963414368 0.1135227900 0.0675638587 0.0379411832 0.2334524342 0.2011673718 0.1852882138 0.1599928087 0.1628267633 0.1775384923 0.1632792613 0.1554486085
0.0712825831 0.0462568635 0.0172849214 0.0191016967 0.0250570832 0.0726007860 0.0438123624 0.0376417331 0.0392473584 0.0415820830 0.0868860588 0.0848333998 0.0935565574 0.0491946532 0.0350928403 0.0561251398 0.0343931070 0.0143903219
0.1559079470 0.1827941035 0.2536358904 0.1692838459 0.0856057191 0.4365758036 0.0491750269 0.1112292488 0.2240595958 0.1544386401 0.2360113024 0.2633556681 0.3518269085 0.1585381949 0.1143699954 0.0798215833 0.2271810756 0.1366811738
118
5
LION
6
SPMA
7
ASII
8
AUTO
9
BRAM
2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013
0.6900000000 0.6500000000 0.1700000000 0.2100000000 0.1700000000 0.2000000000 0.3500000000 1.0700000000 1.0700000000 1.1400000000 1.3400000000 1.6000000000 1.1000000000 1.0200000000 1.0300000000 1.0200000000 0.9600000000 0.3600000000 0.4700000000 0.6200000000 0.3200000000 0.3000000000 0.2600000000 0.3600000000 0.3600000000
14.3527679640 14.5351195169 12.2444901516 12.5002858437 12.7186627118 12.7179197474 12.8416516224 13.9661771755 13.9890503342 14.0582943705 14.1490055097 14.2542879330 18.6829757753 18.9065823284 19.0522343960 19.0827499689 19.1222969608 15.6489091278 15.8120675139 15.9290497363 16.1859400766 16.3214794173 14.4062705758 14.4574760169 14.3366213080
2.1900000000 2.1100000000 9.4400000000 7.1000000000 9.3400000000 6.7300000000 3.6900000000 3.9100000000 1.2200000000 2.6500000000 1.2000000000 3.6500000000 1.2600000000 1.3600000000 1.4000000000 1.2400000000 1.3200000000 1.7600000000 1.3500000000 1.1600000000 1.8900000000 1.3300000000 4.0200000000 2.7900000000 2.1300000000
0.1354718706 0.1453241250 0.1271174729 0.1436104490 0.1969425394 0.1298940165 0.0816559824 0.0198794121 0.0213149183 0.0240135356 0.0135011708 0.0234541150 0.1272938320 0.1390558946 0.1232210847 0.1107881529 0.0938486372 0.2042981089 0.1587611949 0.1211972966 0.0871562105 0.0799791335 0.0898757175 0.0331175054 0.1066705225
0.0188458103 0.0233613980 0.0723595805 0.0694291029 0.0658564747 0.0298760445 0.0481170947 0.0149692175 0.0130824584 0.0136652141 0.0142796804 0.0093747748 0.0384934786 0.0299148792 0.0336975167 0.0127794124 0.0170177275 0.0348384590 0.0278574888 0.0358739526 0.0219859043 0.0266075040 0.0412197571 0.0345209303 0.0489021254
0.1467914129 0.1609864516 0.1198897430 0.2037380717 0.1850137774 0.1501071518 0.2036532629 0.0400638822 0.0414373095 0.0725465064 0.0617375040 0.1838322093 0.2548311059 0.3603143801 0.1872903381 0.1740237225 0.1029701767 0.2025673534 0.2467618190 0.2753234494 0.4206469930 0.1397442541 0.1060267584 0.1121376433 0.3393341080
119
10
GDYR
11
GJTL
12
MASA
13
NIPS
14
SMSM
2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013
0.4700000000 0.7300000000 1.7600000000 1.8000000000 1.3500000000 0.9800000000 1.1700000000 1.9400000000 1.6100000000 1.3500000000 1.6800000000 0.0200000000 0.8700000000 1.6800000000 0.6800000000 0.6800000000 0.6700000000 1.2800000000 1.6900000000 1.6000000000 2.3800000000 1.1000000000 0.9600000000 0.7000000000 0.7100000000
14.7140685908 14.7645274977 14.3685919000 14.4467232905 14.4919697657 14.6319097918 14.5082946726 16.1033782798 16.2871120859 16.3475071973 16.3294027875 16.3858862432 14.5120719036 14.8670067804 14.9478554507 17.3411104699 15.0783978167 12.9014548266 13.2694445557 13.4627123754 13.7223684262 13.8312539774 14.2613412364 14.4076715305 14.7763317276
1.5700000000 1.4200000000 0.8600000000 0.8500000000 0.8900000000 0.9400000000 0.9400000000 1.7600000000 1.7500000000 1.7200000000 2.3100000000 0.0400000000 0.6700000000 0.4800000000 1.3900000000 1.5700000000 1.7500000000 1.0200000000 1.0800000000 1.1100000000 1.0500000000 1.2900000000 2.1700000000 2.7200000000 2.0500000000
0.0081892257 0.0552882828 0.0580792793 0.0165005084 0.0538597184 0.0417331775 0.0218466633 0.0800866446 0.0818793744 0.0843924996 0.0221805391 0.0183132136 0.0579519828 0.0301422045 0.0011270492 0.0027797650 0.0005800618 0.0375082196 0.0399182427 0.0827560884 0.0424244246 0.0969611900 0.1409610881 0.1928648961 0.1863323999
0.0533697270 0.0512449113 0.0158939362 0.0335895415 0.0321675074 0.0329071031 0.0302246961 0.0410076597 0.0401879787 0.0416599571 0.0436959949 0.0367912850 0.0590560076 0.0442391763 0.0513687711 0.0337886727 0.0304077565 0.0534149532 0.0533726272 0.0537084718 0.0330235448 0.0129135229 0.0623199310 0.0561514710 0.0470575786
0.3190639429 0.3072466703 0.0180795119 0.0323148525 0.0110925944 0.1371153697 0.1454136732 0.1467728143 0.1140209575 0.1138682462 0.1927739630 0.0450885344 0.1980907279 0.5588238198 0.2749858594 0.2781787971 0.0073063408 0.0735440953 0.3231044472 0.1767251415 0.5189572874 0.5115755353 0.1332255793 0.0653685727 0.2677080163
120
15
RICY
16
BATA
17
KBLI
18
AISA
19
INDF
2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013
0.9600000000 0.5300000000 0.8200000000 0.8300000000 1.3000000000 1.9100000000 1.9500000000 0.4600000000 0.4600000000 0.4800000000 0.4900000000 0.8100000000 1.0300000000 0.5100000000 0.3700000000 0.5100000000 0.4200000000 2.2400000000 0.9600000000 0.9000000000 1.1300000000 1.0500000000 1.3400000000 0.7000000000 0.7400000000
14.6796583715 14.7836192466 13.2713384009 13.3316432708 13.5277924849 13.7995691665 13.9856279459 13.3757474403 13.4277753423 13.5297586216 13.7128785388 13.8242006892 14.0209723034 14.4263293791 14.6366977687 14.7603304360 14.6843230248 13.4662650899 14.3767262083 14.8262467322 15.2158890209 15.4525585791 17.4636560345 17.6295293900 17.7287213976
2.1000000000 2.1100000000 1.8200000000 1.7800000000 2.2500000000 1.7700000000 1.7500000000 2.0800000000 2.1300000000 2.1200000000 2.5900000000 1.5500000000 2.6300000000 2.1900000000 3.0700000000 2.5500000000 3.3300000000 1.2900000000 1.8900000000 1.2700000000 1.7500000000 2.6600000000 2.0400000000 1.9100000000 2.0500000000
0.1988257031 0.2403322291 0.0176383406 0.0190158777 0.0201519527 0.0078577124 0.0129079429 0.1259155854 0.1095811663 0.1207838943 0.0651902128 0.0913431696 0.0813974610 0.0588330300 0.1077853280 0.0550230288 0.0524439732 0.0391631375 0.0417654859 0.0655873343 0.0690579873 0.0512954286 0.0624600391 0.0936332489 0.0820305406
0.0259510928 0.0361237953 0.0477911020 0.0373070845 0.0210879357 0.0343744849 0.0272141141 0.0218529699 0.0115612211 0.0105281742 0.0355900093 0.0343420854 0.0281340679 0.0272720014 0.0362028891 0.0331936369 0.0301733383 0.1182719349 0.1170107646 0.1169106066 0.0234884585 0.0223662946 0.0784698477 0.0781843579 0.0752156611
0.1803346369 0.0283886396 0.0226839570 0.0469116599 0.3121095788 0.3173487446 0.0548598253 0.1621727997 0.0668989144 0.1112147706 0.1856392874 0.1383988188 0.2116106472 0.8223841336 0.0721479174 0.1509204630 0.0002460692 0.4379341012 0.8535898467 0.0772265006 0.2981836685 0.4682542148 0.1706908853 0.1334711906 0.1083021546
121
20
ULTJ
21
GGRM
22
DVLA
23
KAEF
24
KLBF
2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013
1.0400000000 1.0800000000 0.5400000000 0.6500000000 0.4400000000 0.4000000000 0.2900000000 0.4400000000 0.5900000000 0.5600000000 0.7300000000 0.7500000000 0.3300000000 0.2800000000 0.2800000000 0.3000000000 0.2800000000 0.4900000000 0.4300000000 0.4400000000 0.5200000000 0.6500000000 0.2200000000 0.2700000000 0.2800000000
17.8713221358 17.9680367918 14.4470009279 14.5585824969 14.8486420150 15.0568459078 15.1807827434 17.4449583487 17.5504228545 17.7079163173 17.8307569691 17.9927529788 13.7420760513 13.7874165923 13.8992816910 13.9123504762 13.9142892609 14.9735951185 15.0628778531 15.1330551430 15.2852435464 15.3242492960 16.1444248748 16.2053608291 16.4282536126
1.6700000000 1.8100000000 2.0000000000 1.5200000000 2.0200000000 2.4700000000 3.3400000000 2.7000000000 2.2400000000 2.1700000000 1.7200000000 1.6200000000 3.7200000000 4.8300000000 4.3100000000 4.2400000000 5.1800000000 2.4300000000 2.7500000000 2.8000000000 2.4300000000 2.3900000000 4.3900000000 3.6500000000 3.4100000000
0.0660912111 0.0560004706 0.0533854348 0.0464958870 0.1459984394 0.1156368515 0.0971384437 0.1348749364 0.1268423193 0.0980192041 0.0863484405 0.1019448958 0.1298205149 0.1302554910 0.1385598279 0.1057061276 0.0654634022 0.0837003980 0.0957301189 0.0990989950 0.0872359361 0.0796887660 0.1829122714 0.1860790322 0.1881549257
0.0206608042 0.0253456784 0.0186591685 0.0191838965 0.0488197905 0.0457998877 0.0392869816 0.0438970398 0.0366179785 0.0237477395 0.0273708672 0.0244252526 0.0526275927 0.0515194977 0.0447995965 0.0451239327 0.0400990611 0.0190168771 0.0253266962 0.0271838338 0.0271094080 0.0179790472 0.0135347487 0.0979731471 0.0989596062
0.3149279573 0.1004714533 0.1580733444 0.0860093412 0.1108723365 0.1614462699 0.0375096786 0.1289235986 0.2715214742 0.0619263288 0.2231047120 0.1467463496 0.0899640511 0.0868518107 0.1577091666 0.1073452741 0.0388167260 0.0605820334 0.0826348042 0.1572285121 0.1905229759 0.2007512318 0.0848522171 0.1766167835 0.1381830368
122
25
TSPC
26
TCID
27
UNVR
2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
0.3300000000 0.2700000000 0.3600000000 0.4000000000 0.3800000000 0.4000000000 0.3600000000 0.1000000000 0.1100000000 0.1500000000 0.2400000000 0.4400000000 1.1500000000 1.8500000000 1.9400000000 2.1200000000 1.6000000000
16.5882324588 16.6701706787 15.4514427760 15.5700291129 15.7072375266 15.7404726783 15.8320276086 14.1986884748 14.3191127555 14.4313192462 14.5225108397 14.6519802909 16.7956335887 16.9712002481 17.1225162274 17.2416423116 17.3568041450
2.8400000000 3.4000000000 3.3700000000 3.0800000000 3.0900000000 2.9600000000 3.0000000000 10.6800000000 11.7400000000 7.7300000000 3.5700000000 1.8000000000 0.8500000000 0.6900000000 0.6400000000 0.7000000000 0.9200000000
0.1771306403 0.1709933768 0.1361961067 0.1377076464 0.1389100116 0.1246583276 0.1205398795 0.1255158808 0.1238335257 0.1195356908 0.1095288250 0.0943798277 0.3889835750 0.3972696100 0.4037674993 0.4010001208 0.4018384992
0.0966961576 0.0943889419 0.0200879171 0.0194609824 0.0101729807 0.0175181317 0.0226287793 0.0604349832 0.0641058379 0.0671125635 0.0114656705 0.0135766282 0.1627507969 0.1634753418 0.1614568253 0.0126074725 0.0104895116
0.2014347698 0.1004829757 0.1000559897 0.1840814398 0.0900181960 0.1672729353 0.0341666855 0.0529026161 0.0798548181 0.1155823197 0.1620033086 0.2641853212 0.1624948063 0.2046886992 0.1433526306 0.1137431280 0.0698583208
123
Lampiran 5 : Statistik Deskriptif Variabel Penelitian Tabel 4.3 Statistik Deskriptif Variabel Penelitian DER
SIZE
CR
ROA
BRISK
GROWTH
Mean
0.731920
15.23841
2.490720
0.099089
0.040218
0.175417
Median
0.590000
14.82625
2.100000
0.095730
0.034838
0.154439
Maximum
2.380000
19.08275
11.74000
0.240332
0.118272
0.853590
Minimum
0.020000
12.50029
0.040000
0.000580
0.009375
0.000246
Std. Dev.
0.496989
1.461677
1.643455
0.058471
0.024015
0.128240
Skewness
1.148399
0.623093
2.358682
0.278101
1.327839
1.894948
Kurtosis
3.811890
2.785724
11.17917
2.275394
4.581771
8.891332
Jarque-Bera
30.90856
8.327568
464.3351
4.345906
49.76364
255.5786
Probability
0.000000
0.015549
0.000000
0.113841
0.000000
0.000000
Sum
91.49000
1904.801
311.3400
12.38614
5.027223
21.92710
Sum Sq. Dev.
30.62774
264.9260
334.9170
0.423933
0.071513
2.039229
Observations
125
125
125
125
125
125
124
Lampiran 6 : Hasil Data Uji Asumsi Klasik Sebelum di Transform
Hasil Uji Normalitas One-Sample Kolmogorov-Smirnov Test VAR00001 N Normal Parameters
125 a
Mean Std. Deviation
Most Extreme Differences
Kolmogorov-Smirnov Z Asymp. Sig. (2-tailed) a. Test distribution is Normal.
.0000 .37794
Absolute
.111
Positive
.111
Negative
-.060 1.241 .092
125
Lampiran 6 (Lanjutan) Hasil Uji Autokorelasi Date: 03/21/17 Time: 11:53 Sample: 1 125 Included observations: 125 Autocorrelation .|** .|* .|* .|** .|* .|. .|* .|* .|** .|* .|*** .|** .|* .|. .|. .|. .|. .|. .|. .|** .|* .|. .|. .|* *|. *|. *|. *|. *|. .|. .|. .|. .|. .|. *|. *|.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Partial Correlation .|** .|. .|* .|* .|. .|. .|* .|* .|* .|. .|** .|. .|. **|. .|. *|. *|. *|. *|. .|* .|. *|. .|* .|. .|. .|. .|. .|. *|. .|* *|. *|. .|. .|. .|. .|.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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 36
AC
PAC
0.294 0.103 0.168 0.276 0.170 0.064 0.146 0.198 0.293 0.188 0.361 0.244 0.185 -0.065 0.041 0.060 -0.012 -0.019 -0.019 0.214 0.143 0.034 0.058 0.098 -0.115 -0.143 -0.113 -0.070 -0.113 -0.000 -0.015 -0.060 -0.020 -0.038 -0.075 -0.179
0.294 0.018 0.146 0.209 0.038 -0.021 0.091 0.080 0.212 0.054 0.302 0.020 0.039 -0.294 -0.059 -0.149 -0.093 -0.093 -0.098 0.100 0.042 -0.087 0.135 0.006 -0.053 -0.029 -0.031 -0.044 -0.105 0.145 -0.145 -0.098 -0.057 0.032 -0.008 -0.045
Q-Stat 11.103 12.472 16.146 26.109 29.937 30.485 33.359 38.651 50.367 55.227 73.370 81.751 86.622 87.226 87.463 87.984 88.004 88.056 88.108 95.002 98.109 98.292 98.812 100.33 102.42 105.70 107.78 108.58 110.69 110.69 110.73 111.35 111.42 111.67 112.66 118.40
Prob 0.001 0.002 0.001 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
126
Lampiran 6 (Lanjutan …) Tabel 4.5 Hasil Uji Heteosekdastisitas Heteroskedasticity Test: Harvey F-statistic Obs*R-squared Scaled explained SS
4.712248 20.65887 18.74773
Prob. F(5,119) Prob. Chi-Square(5) Prob. Chi-Square(5)
0.0006 0.0009 0.0021
Test Equation: Dependent Variable: LRESID2 Method: Least Squares Date: 03/21/17 Time: 11:52 Sample: 1 125 Included observations: 125 Variable
Coefficient
Std. Error
t-Statistic
Prob.
C SIZE CR ROA BRISK GROWTH
-0.815665 -0.068330 -0.151537 -11.54388 -3.105075 0.924488
2.012087 0.131001 0.124488 3.570480 7.813414 1.464949
-0.405383 -0.521598 -1.217282 -3.233145 -0.397403 0.631071
0.6859 0.6029 0.2259 0.0016 0.6918 0.5292
R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)
0.165271 0.130198 1.981573 467.2693 -259.7793 4.712248 0.000581
Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter. Durbin-Watson stat
-3.340922 2.124712 4.252469 4.388228 4.307621 1.530570
127
Lampiran 6 (Lanjutan …) Hasil Uji Multikolineritas
Variance Inflation Factors Date: 03/21/17 Time: 11:54 Sample: 1 125 Included observations: 125
Variable
Coefficient Variance
Uncentered VIF
Centered VIF
C SIZE CR ROA BRISK GROWTH
0.153462 0.000651 0.000587 0.483239 2.314145 0.081349
128.8793 128.0160 4.382341 5.361045 4.255307 3.216744
NA 1.157854 1.321821 1.376353 1.111849 1.114528
128
Lampiran 6 (Lanjutan …) Hasil Uji F Dependent Variable: DER Method: Least Squares Date: 03/21/17 Time: 11:52 Sample: 1 125 Included observations: 125 Variable
Coefficient
Std. Error
t-Statistic
Prob.
C SIZE CR ROA BRISK GROWTH
1.594967 -0.027066 -0.102484 -3.241048 0.583292 0.583494
0.391743 0.025505 0.024237 0.695154 1.521231 0.285218
4.071464 -1.061211 -4.228371 -4.662345 0.383434 2.045783
0.0001 0.2907 0.0000 0.0000 0.7021 0.0430
R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)
0.421689 0.397391 0.385802 17.71235 -55.23908 17.35436 0.000000
Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter. Durbin-Watson stat
0.731920 0.496989 0.979825 1.115584 1.034977 1.158567
129
Lampiran 6 (Lanjutan …) Hasil Uji R2 Dependent Variable: DER Method: Least Squares Date: 03/21/17 Time: 11:52 Sample: 1 125 Included observations: 125 Variable
Coefficient
Std. Error
t-Statistic
Prob.
C SIZE CR ROA BRISK GROWTH
1.594967 -0.027066 -0.102484 -3.241048 0.583292 0.583494
0.391743 0.025505 0.024237 0.695154 1.521231 0.285218
4.071464 -1.061211 -4.228371 -4.662345 0.383434 2.045783
0.0001 0.2907 0.0000 0.0000 0.7021 0.0430
R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)
0.421689 0.397391 0.385802 17.71235 -55.23908 17.35436 0.000000
Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter. Durbin-Watson stat
0.731920 0.496989 0.979825 1.115584 1.034977 1.158567
130
Lampiran 7 : Hasil Data Uji Asumsi Klasik Setelah di Transform
Tabel 4.3 Hasil Uji Normalitas
One-Sample Kolmogorov-Smirnov Test VAR00002 N Normal Parameters
125 a
Mean Std. Deviation
Most Extreme Differences
Kolmogorov-Smirnov Z Asymp. Sig. (2-tailed) a. Test distribution is Normal.
.0000 .65116
Absolute
.096
Positive
.046
Negative
-.096 1.076 .197
131
Lampiran 7 (Lanjutan … ) Tabel 4.4 Hasil Uji Autokorelasi Date: 03/21/17 Time: 11:56 Sample: 1 125 Included observations: 125 Autocorrelation .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Partial Correlation .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|. .|.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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 36
AC
PAC
0.013 0.018 0.066 0.063 -0.008 -0.015 0.025 0.027 0.051 -0.028 0.027 -0.000 -0.013 -0.001 0.000 -0.007 -0.034 -0.027 -0.017 0.011 -0.009 -0.017 -0.010 -0.010 -0.033 -0.014 -0.030 -0.024 -0.018 0.035 -0.018 -0.026 -0.025 -0.028 0.008 -0.020
0.013 0.017 0.066 0.062 -0.012 -0.021 0.017 0.025 0.054 -0.031 0.019 -0.010 -0.014 0.002 -0.001 -0.008 -0.033 -0.029 -0.013 0.015 0.001 -0.013 -0.013 -0.010 -0.027 -0.005 -0.026 -0.019 -0.014 0.043 -0.013 -0.022 -0.027 -0.029 0.014 -0.008
Q-Stat 0.0205 0.0605 0.6339 1.1611 1.1696 1.1996 1.2817 1.3779 1.7294 1.8411 1.9392 1.9392 1.9618 1.9618 1.9618 1.9681 2.1348 2.2401 2.2826 2.3004 2.3138 2.3572 2.3735 2.3894 2.5573 2.5891 2.7369 2.8344 2.8885 3.0991 3.1544 3.2676 3.3726 3.5107 3.5216 3.5939
Prob 0.886 0.970 0.889 0.884 0.948 0.977 0.989 0.995 0.995 0.997 0.999 0.999 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000
132
Lampiran 7 (Lanjutan … ) Tabel 4.6 Hasil Uji Heteroskedastisitas Heteroskedasticity Test: Harvey F-statistic Obs*R-squared Scaled explained SS
1.102654 5.534822 3.443892
Prob. F(5,119) Prob. Chi-Square(5) Prob. Chi-Square(5)
0.3627 0.3541 0.6319
Test Equation: Dependent Variable: LRESID2 Method: Least Squares Date: 03/21/17 Time: 11:55 Sample: 1 125 Included observations: 125 Variable
Coefficient
Std. Error
t-Statistic
Prob.
C LOG(SIZE) LOG(CR) LOG(ROA) LOG(BRISK) LOG(GROWTH)
-4.667615 0.426795 0.256862 -0.378670 0.030708 -0.099600
5.126886 1.763892 0.265867 0.179623 0.275930 0.168577
-0.910419 0.241962 0.966128 -2.108141 0.111291 -0.590825
0.3644 0.8092 0.3359 0.0371 0.9116 0.5558
R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)
0.044279 0.004122 1.755719 366.8234 -244.6527 1.102654 0.362716
Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter. Durbin-Watson stat
-2.231426 1.759349 4.010444 4.146203 4.065596 1.564421
133
Lampiran 7 (Lanjutan … )
Tabel 4.7 Hasil Uji Multikolineritas
Variance Inflation Factors Date: 03/21/17 Time: 11:56 Sample: 1 125 Included observations: 125
Variable
Coefficient Variance
Uncentered VIF
Centered VIF
C LOG(SIZE) LOG(CR) LOG(ROA) LOG(BRISK) LOG(GROWTH)
3.767435 0.445946 0.010131 0.004624 0.010913 0.004073
1065.877 934.1117 2.748756 10.19932 36.23487 5.870725
NA 1.104805 1.223201 1.283229 1.027249 1.066879
134
Lampiran 7 (Lanjutan … ) Tabel 4.8 Hasil Uji t Dependent Variable: LOG(DER) Method: Least Squares Date: 03/21/17 Time: 11:54 Sample: 1 125 Included observations: 125 Variable
Coefficient
Std. Error
t-Statistic
Prob.
C LOG(SIZE) LOG(CR) LOG(ROA) LOG(BRISK) LOG(GROWTH)
0.554206 -0.578574 -0.267811 -0.216862 -0.106783 0.127921
1.940988 0.667792 0.100655 0.068003 0.104464 0.063822
0.285528 -0.866399 -2.660688 -3.188987 -1.022192 2.004358
0.7757 0.3880 0.0089 0.0018 0.3088 0.0473
R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)
0.223275 0.190639 0.664698 52.57696 -123.2401 6.841458 0.000012
Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter. Durbin-Watson stat
-0.549001 0.738845 2.067841 2.203600 2.122993 1.307031
135
Lampiran 7 (Lanjutan … ) Tabel 4.9 Hasil Uji F
Dependent Variable: LOG(DER) Method: Least Squares Date: 03/21/17 Time: 11:54 Sample: 1 125 Included observations: 125 Variable
Coefficient
Std. Error
t-Statistic
Prob.
C LOG(SIZE) LOG(CR) LOG(ROA) LOG(BRISK) LOG(GROWTH)
0.554206 -0.578574 -0.267811 -0.216862 -0.106783 0.127921
1.940988 0.667792 0.100655 0.068003 0.104464 0.063822
0.285528 -0.866399 -2.660688 -3.188987 -1.022192 2.004358
0.7757 0.3880 0.0089 0.0018 0.3088 0.0473
R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)
0.223275 0.190639 0.664698 52.57696 -123.2401 6.841458 0.000012
Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter. Durbin-Watson stat
-0.549001 0.738845 2.067841 2.203600 2.122993 1.307031
136
Lampiran 7 (Lanjutan … ) Tabel 4.10 Hasil Uji R2
Dependent Variable: LOG(DER) Method: Least Squares Date: 03/21/17 Time: 11:54 Sample: 1 125 Included observations: 125 Variable
Coefficient
Std. Error
t-Statistic
Prob.
C LOG(SIZE) LOG(CR) LOG(ROA) LOG(BRISK) LOG(GROWTH)
0.554206 -0.578574 -0.267811 -0.216862 -0.106783 0.127921
1.940988 0.667792 0.100655 0.068003 0.104464 0.063822
0.285528 -0.866399 -2.660688 -3.188987 -1.022192 2.004358
0.7757 0.3880 0.0089 0.0018 0.3088 0.0473
R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)
0.223275 0.190639 0.664698 52.57696 -123.2401 6.841458 0.000012
Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter. Durbin-Watson stat
-0.549001 0.738845 2.067841 2.203600 2.122993 1.307031
137
Lampiran 7 (Lanjutan…) Tabel 4.11 Analisis Regersi Liner Berganda Dependent Variable: LOG(DER) Method: Least Squares Date: 03/21/17 Time: 11:54 Sample: 1 125 Included observations: 125 Variable
Coefficient
Std. Error
t-Statistic
Prob.
C LOG(SIZE) LOG(CR) LOG(ROA) LOG(BRISK) LOG(GROWTH)
0.554206 -0.578574 -0.267811 -0.216862 -0.106783 0.127921
1.940988 0.667792 0.100655 0.068003 0.104464 0.063822
0.285528 -0.866399 -2.660688 -3.188987 -1.022192 2.004358
0.7757 0.3880 0.0089 0.0018 0.3088 0.0473
R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)
0.223275 0.190639 0.664698 52.57696 -123.2401 6.841458 0.000012
Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter. Durbin-Watson stat
-0.549001 0.738845 2.067841 2.203600 2.122993 1.307031
