Saran KESIMPULAN DAN SARAN

6.3 Saran

Berdasarkan kesimpulan dan keterbatasan hasil penelitian ini, peneliti memberikan beberapa saran sebagai berikut: 1. Bagi peneliti selanjutnya, sebaiknya sampel penelitian yang digunakan tidak hanya terbatas pada perusahaan manufaktur saja tetapi keseluruhan perusahaan yang terdaftar di BEI. 2. Untuk peneliti selanjutnya disarankan meneliti variabel di luar ROA, EPS dan DER serta menambah faktor ekonomi makro seperti inflasi, suku bunga dan pertumbuhan ekonomi yang diduga dapat mempengaruhi harga saham. 3. Bagi investor dan calon investor yang ingin berinvestasi di sektor manufaktur sebaiknya memperhatikan ROA, EPS dan DER sebelum berinvestasi di BEI karena hasil penelitian ketiga variabel tersebut mempunyai pengaruh terhadap harga saham. 4. Bagi peneliti selanjutnya, untuk mencoba meneliti variabel moderating di luar dividen tunai. p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara DAFTAR PUSTAKA Abdullah, I. 2008. Pengaruh Pembagian Dividen Cash dan Arus Kas Bersih terhadap Harga Saham di Perusahaan Manufaktur Jenis Consumer Goods yang Terdaftar dalam Bursa Efek Indonesia Tahun 2004-2007, 2009. Tesis. Medan: Sekolah Pascasarjana USU. Ang, R. 1997. Buku Pintar Pasar Modal Indonesia. Jakarta: Media Staff Indonesia. Arikunto, S. 2002. Prosedur Penelitian Suatu Pendekatan Praktek. Edisi Revisi. Jakarta: Rineka Cipta. Beaver, W. 1989. Financial Reporting: An Accounting Revolution. 2nd Ed. Englewood Cliffs. New Jersey: Prentice-Hall. Bodie, Z.K and Marcus, A.J. 2006. Investemnt. Sixth Edition. Mc Graw Hill International Edition. Chandradewi, S. 2000. Pengaruh Variabel Keuangan terhadap Penentuan Harga Pasar Saham Perusahaan Sesudah Penawaran Umum Perdana. Perspektif Jurnal Ekonomi Pembangunan, Manajemen dan Akuntansi. Vol. 5, No. 1, Juni 2000. Dharmastuti, F. 2004. Analisis Pengaruh EPS, PER, ROI, Debt to Equity Ratio dan Net Profit Margin dalam Menetapkan Harga Pasar Saham Perdana Studi pada Perusahaan yang Terdaftar di BEJ. Jurnal Penelitian Balance Vol. 1 No. 2 September. Darmaji, T dan Fakhruddin, H.M. 2001. Pasar Modal Indonesia. Jakarta: Salemba Empat. Djazuli, A. 2006. Pengaruh EPS, ROA dan ROE terhadap harga saham pada Perusahaan Sektor Manufacturing pada Bursa Efek Jakarta. Jurnal Fordema Vol 6 No. Juni 2006. Fred, W.J. dan Copeland, T.E. 1999. Manajemen Keuangan. Edisi 8. Jakarta: Bina Rupa Aksara. Farchan dan Sunarto. 2002. Pengaruh Informasi Akuntansi terhadap Kapitalisasi Pasar di Bursa Efek Jakarta. Fokus Ekonomi, Vol. 1, No. 1, April 2002. 87 p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Ghozali, I. 2005. Aplikasi Analisis Multivariate dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro. Ginting, Antonius. 1999. Analisis Dampak Pengumuman Dividen terhadap Harga Saham Serta Faktor-faktor tang Mempengaruhinya. Tesis. Jakarta: Program Pascasarjana Universitas Indonesia. Gitman, L. 2003. Principles of Managerial Finance. Tenth Edition. United States: Pearson Education, Inc. Gordon, M.J. 1963. Capital Investment and Financing Policy. Journal of Financing, May. Halim, A. 2005. Analisa Investasi. Jakarta: Salemba Empat. Haryanto dan Sugiharto, T. 2003. Pengaruh Rasio Profitabilitas terhadap Harga Saham pada Perusahaan Industri Minuman. Jurnal Ekonomi dan Bisnis No. 3, Jilid 8, Tahun 2003. Hasugian, Hotbin. 2008. Pengaruh Kebijakan Dividen, Volume Perdagangan Saham dan Leverage Perusahaan terhadap Harga Saham Setelah Ex Devidend Day di BEI. Tesis. Medan: Sekolah Pascasarjana USU. Jogiyanto. 2003. Teori Portofolio dan Analisis Investasi Edisi 2. Yogyakarta: BPFE. Kuncoro, Mudrajad. 2003. Metode Riset untuk Bisnis dan Ekonomi. Jakarta: Erlangga. Nainggolan, S.G. 2008. Pengaruh Variabel Fundamental terhadap Harga Saham Perusahaan Manufaktur di BEI. Tesis. Medan: Sekolah Pascasarjana USU. Prastowo, D. 2002. Analisis Laporan Keuangan Konsep dan Aplikasi. Yogyakarta: YKPN. Sadikin, D.S. 2009. Pengaruh Publikasi Laporan Keuangan Tahunan terhadap Harga Saham dan Volume Perdagangan Saham di BEJ. Just Another WordPress.com weblog, 28 Januari 2009. Sasongko, N dan Wulandari, N. 2006. Pengaruh EVA dan Rasio Profitabilitas terhadap Harga Saham, Jurnal Empirika, Vol. 19 No.1 hal. 64-80. p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Situmorang, Dalimunthe, D.M.J., Iskandar Muda., Muslich Lufti dan Syahyunan. 2008. Analisis Data Penelitian Menggunakan Program SPSS. Medan: USU Press. Suharli, M. 2007. Pengaruh Profitability dan Investment Opportunity Set terhadap Kebijakan Dividen Tunai dengan Likuiditas Sebagai Variabel Penguat. Jurnal Akuntansi dan Keuangan, Vol 9, No.1, Mei 2007. Sunariyah. 2004. Pengantar Pengetahuan Pasar Modal. Edisi Keempat. UPP AMP YKPN: Yogyakarta. Supranto, J. 2001. Statistik Teori dan Aplikasi. Edisi Keenam. Jakarta: Erlangga. Syamsudin, L. 2001. Manajemen Keuangan Perusahaan Konsep Aplikasi dalam Perencanaan Pengawasan dan Pengambilan Keputusan. Jakarta: Grafindo Perkasa. Tandelilin, E. 2001. Analisis Investasi dan Manajemen Portofolio. Edisi Pertama. Yogyakarta: Penerbit BPFE. Umar, H. 2003. Metode Penelitian untuk Skripsi dan Tesis Bisnis. Edisi Keempat. Jakarta: Raja Grafindo Persada. Wild, John J, Supramanyam, KR., dan Hasley, Robert, F., 2005. Financial Statement Analysis. Jakarta: Salemba Empat. http:deden08m.wordpress.com20090618pengaruh-dividen-dividend-terhadap- harga-saham http:finance.yahoo.com www. google.com www.idx.co.id www.reksadanainfo.com www.vibizmanagement.com p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara DAFTAR LAMPIRAN Lampiran 1: Jadwal Kegiatan Penelitian Uraian Bulan Okt Nov Des Jan Feb Maret April Mei Juni Penyusunan Proposal Konsultasi proposal Kolokium Pengumpulan data Mengelolah dan menganalisis data Penyusunan tesis Konsultasi tesis Seminar Hasil Ujian Meja Hijau 90 p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lampiran 2: Daftar Populasi dan Sampel Perusahaan Manufaktur No Kode Perusahaan Perusahaan yang menerbitkan Laporan Keuangan dan data harga saham secara lengkap 2006- 2009 Perusahaan yang membayar dividin tunai berturut-turut dari tahun 2006- 2009 Sampel yang terpilih 1 AALI Astra Agro Lestari, Tbk   S1 2 ADES Ades Alfindo Putrasetia, Tbk  X X 3 ADMG GT Petrochem Industries, Tbk  X X 4 ADRO Adaro Energy, Tbk X X X 5 AISA Tigapilar Sejahtera Food, Tbk  X X 6 AKKU Aneka Kemasindo, Tbk  X X 7 AKPI Argha Karya Prima, Tbk X X X 8 ALMI Alumindo Light Metal Industry, Tbk  X X 9 AMFG Asahimas Flat Glass, Tbk  X X 10 ANTM Aneka Tambang, Tbk   S 11 APLI Asiaplast Industries, Tbk  X X 12 AQUA Aqua Golden Missisipi, Tbk  X X 13 ARGO Argo Pantes, Tbk X X X 14 ARNA Arwana Citramulia, Tbk  X X 15 ARTI Arona Binasehati, Tbk X X X 16 ASGR Astra Graphia, Tbk   S 17 ASIA Asia Grain International Tbk X X X 18 ASII Astra International Tbk   S 19 ATPK Anugrah Tambak Perkasindo, Tbk X X X 20 AUTO Astra Otoparts, Tbk   S 21 BATA Sepatu Bata, Tbk   S 22 BATI BAT Indonesia, Tbk X X X 23 BIMA Primarindo Asia Infrastructure, Tbk X X X 24 BISI Bisi Internasional, Tbk X X X 91 p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lanjutan lampiran 2 …….. 25 BRAM Branta Mulia, Tbk X X X 26 BRNA Berlina, Tbk  X X 27 BRPT Barito Pacific Timber, Tbk  X X 28 BTEK Bumi Teknokultura Unggul, Tbk  X X 29 BTON Beton Jaya Manunggal, Tbk  X X 30 BUDI Budi Acid Jaya, Tbk   S 31 BUMI Bumi Resources, Tbk   S 32 CEKA Cahaya Kalbar, Tbk  X X 33 CITA Cipta Panelutama,Tbk  X X 34 CLPI Colorpak Indonesia, Tbk   S 35 CNKO Central Korporindo, Tbk  X X 36 CNTX Centex Tbk SP, Tbk X X X 37 CPDW Cipendawa Agroindustri, Tbk  X X 38 CPIN Charoen Pokphand Indonesia Tbk  X X 39 CPRO Central Proteinaprima, Tbk  X X 40 CTBN Citra Tubindo, Tbk  X X 41 CTTH Citatah, Tbk X X X 42 DAVO Davomas Abadi, Tbk  X X 43 DLTA Delta Jakarta, Tbk   S0 44 DOID Daeyu Orchid Indonesia, Tbk  X X 45 DPNS Duta Pertiwi Nusantara, Tbk X X X 46 DSFI Dharma Sasmudera Fishing Ind, Tbk  X X 47 DSUC Daya Sakti Unggul Corp, Tbk X X X 48 DVLA Darya Varia Laboratoria, Tbk  X X 49 DYNA Dynaplast, Tbk  X X 50 EKAD Ekadharma tape industries, Tbk  X X 51 ENRG Energi Mega Persada, Tbk  X X 52 ERTX Eratax Djaja, Tbk X X X 53 ESTI Ever Shine Tex, Tbk  X X 54 ETWA Eterindo Wahanatama , Tbk X X X 55 FAST Fast Food Indonesia, Tbk   S 56 FASW Fajar Surya Wisesa, Tbk X X X 57 FISH FKS Multi Agro, Tbk  X X 58 FMII Fortune Mate Indonesia,Tbk X X X 59 FPNI Fatrapolindo Nusa Industri, Tbk X X X p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lanjutan lampiran 2 …….. 60 GDYR Goodyear Indonesia, Tbk  X X 61 GEMA Gema Graha Sarana, Tbk  X X 62 GGRM Gudang Garam, Tbk   S2 63 GJTL Gajah Tunggal, Tbk  X X 64 GZCO Gozco Plantations, Tbk X X X 65 HDTX Panasia Indosyntec, Tbk  X X 66 HEXA Hexindo Adiperkasa, Tbk  X X 67 HMSP Hanjaya Mandala Sampoerna, Tbk   S13 68 IGAR Kageo Igar Jaya, Tbk   S1 69 IIKP Inti Agri Resources, Tbk  X X 70 IKAI Intikeramik Alamasri, Tbk  X X 71 IKBI Sumi Indo Kabel, Tbk   S15 72 IMAS Indomobil Sukses International, Tbk  X X 73 INAF Indofarma, Tbk  X X 74 INAI Indal Aluminium Industry, Tbk  X X 75 INCI Intan Wijaya, Tbk  X X 76 INCO Inco, Tbk  X X 77 INDF Indofood Sukses Makmur, Tbk   S16 78 INDR Indorama Synthetic, Tbk  X X 79 INDS Indospring, Tbk  X X 80 INKP Indak Kiat Pulp Paper , Tbk  X X 81 INRU Toba Pulp Lestari Tbk, Tbk  X X 82 INTD Inter Delta, Tbk  X X 83 INTP Indocement Tunggal Prakasa, Tbk   S17 84 ITMA Itamaraya Gold Industri, Tbk  X X 85 ITMG Indo Tambangraya Megah, Tbk X X X 86 JECC Jembo Cable Company, Tbk  X X 87 JIJP Jasuindo Jasa Perkasa, Tbk X X X 88 JKSW Jakarta Kyoei Steel Works, Tbk X X X 89 JPFA Japfa Comfeed Indonesia, Tbk X X X 90 JPRS Jaya Pari Steel, Tbk  X X 91 KAEF Kimia Farma, Tbk  X X 92 KARW Karwell Indonesia, Tbk  X X 93 KBLI GT Kabel Indonesia, Tbk  X X 94 KBLM Kabelindo Murni, Tbk  X X p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lanjutan lampiran 2 …….. 95 KBLV First Media, Tbk  X X 96 KDSI Kedawung Setia Industri, Tbk X X X 97 KIAS Keramika Indonesia Assosiasi, Tbk  X X 98 KICI Kedaung Indah Can, Tbk  X X 99 KKGI Resource Alam Indonesia, Tbk  X X 100 KLBF Kalbe Farma, Tbk   S18 101 LAPD Leyand International, Tbk  X X 102 LION Lion Metal, Tbk   S19 103 LMPI Langgeng Makmur, Tbk  X X 104 LMSH Lionmesh Prima, Tbk   S20 105 LPIN Multi Prima Sejahtera, Tbk  X X 106 LSIP London Sumatera Indonesia, Tbk  X X 107 MAIN Malindo Feedmill, Tbk  X X 108 MASA Multistrada Arah Sarana, Tbk  X X 109 MBAI Multibreeder Adirama Ind, Tbk  X X 110 MEDC Medco Energi, Tbk  X X 111 MERK Merck, Tbk  X X 112 MLBI Multi Bintang Indonesia, Tbk   S21 113 MLIA Mulia Industriondo, Tbk  X X 114 MRAT Mustika Ratu, Tbk   S 115 MYOR Mayora Indah, Tbk  X X 116 MYRX Hasnon International, Tbk  X X 117 MYTX Apac Citra Centertex, Tbk X X X 118 NIPS Nipress, Tbk X X X 119 PAFI Panasia Filament Inti, Tbk  X X 120 PBRX Pan Brothers, Tbk X X X 121 PICO Pelangi Indah Canindo, Tbk  X X 122 PKPK Perdana Karya Perkasa, Tbk  X X 123 POLY Polysindo Eka Perkasa, Tbk  X X 124 PRAS Prima Alloy Steel, Tbk  X X 125 PROD Sara Lee Body Care Indonesia, Tbk X X X 126 PSDN Prashida Aneka Niaga, Tbk  X X 127 PTBA Tambang Batubara Bukit Asam, Tbk  X X 128 PTRO Petrosea, Tbk  X X 129 PTSN Sat Nusapersada, Tbk  X X p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lanjutan lampiran 2 …….. 130 PYFA Pyridam Farma, Tbk  X X 131 RDTX Roda Vivatex, Tbk  X X 132 RICY Ricky Putra Globalindo, Tbk  X X 133 RMBA Bentoel International Investama, Tbk  X X 134 RUIS Radiant Utama Interinsco, Tbk   S23 135 SAIP Surabaya Agung Industry, Tbk  X X 136 SCCO Sucaco, Tbk   S24 137 SCPI Schering Plough Indonesia, Tbk X X X 138 SGRO Sampurna Agro, Tbk   S25 139 SIMA Siwani Makmur, Tbk  X X 140 SIMM Surya Intrindo Makmur, Tbk X X X 141 SIPD Sierad Produce, Tbk X X X 142 SKBM Sekar Bumi, Tbk X X X 143 SKLT Sekar Laut, Tbk  X X 144 SMAR Smart, Tbk   S26 145 SMCB Holkim Indonesia, Tbk  X X 146 SMGR Semen Gresik, Tbk   S27 147 SMSM Selamat Sempurna, Tbk   S2 148 SOBI Sorini Corporation, Tbk   S29 149 SPMA Suparma, Tbk X X X 150 SQBB Bristol-Myers Squibb Indonesia, Tbk X X X 151 SQBI Squibb Indonesia, Tbk X X X 152 SQMI Allbond Makmur, Tbk  X X 153 SRSN Sarasa Nugraha, Tbk  X X 154 SSTM Sunson Textile Manufacture, Tbk X X X 155 STTP Siantar TOP, Tbk  X X 156 SUDI Surya Dumai Industry, Tbk X X X 157 SUGI Sugi Samapersada, Tbk X X X 158 SULI Sumalindo Lestari Jaya, Tbk X X X 159 TALF Tunas Alfin Tbk A, Tbk X X X 160 TBLA Tunas Baru Lampung, Tbk X X X 161 TBMS Tembaga Mulia Semanan, Tbk  X X 162 TCID Mandom Indonesia, Tbk  X X 163 TEJA Texmaco Jaya, Tbk X X X 164 TFCO Teijin Indoneia Fiber, Tbk  X X p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lanjutan lampiran 2 …….. 165 TINS Timah Persero, Tbk  X X 166 TIRA Tira Austenite, Tbk  X X 167 TIRT Tirta Mahakam Resources, Tbk.  X X 168 TKIM Pabrik Kertas Tjiwi Kimia, Tbk.  X X 169 TMPO Tempo Inti Media, Tbk.  X X 170 TOTO Surya Toto Indonesia, Tbk.  X X 171 TPIA Tri Polyta Indonesia, Tbk  X X 172 TRST Trias Sentosa, Tbk   S30 173 TSPC Tempo Inti Media, Tbk.   S31 174 ULTJ Ultrajaya Milk Industry andTrading, Tbk  X X 175 UNIC Unggul Indah Cahaya, Tbk.  X X 176 UNSP Bakrie Sumatra Plantations, Tbk.   S32 177 UNTX Unitex, Tbk.  X X 178 UNVR Unilever Indonesia,Tbk.   S 179 VOKS Voksel Electric, Tbk. X X X 180 WAPO Wahana Phonix Mandiri, Tbk  X X 181 YPAS Yanaprima Hastapersada, Tbk.  X X Total 181 33 Sumber diolah dari : www.idx.co.id dan http:finance.yahoo.com p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lampiran 3: Data Return On Assets Perusahaan Manufaktur Tahun 2006-2009 No Kode Perusahaan Return On Assets Rasio 2006 2007 2008 2009 1 AALI Astra Agro Lestari Tbk 0.23 0.37 0.40 0.22 2 ANTM Aneka Tambang Tbk 0.21 0.43 0.13 0.06 3 ASGR Astra Graphia Tbk 0.10 0.12 0.07 0.09 4 ASII Astra International Tbk 0.06 0.10 0.11 0.11 5 AUTO Astra Otoparts Tbk 0.09 0.13 0.14 0.17 6 BATA Sepatu Bata Tbk 0.07 0.10 0.39 0.13 7 BUDI Budi Acid Jaya Tbk 0.02 0.03 0.02 0.09 8 BUMI Bumi Resources Tbk 0.09 0.28 0.12 0.03 9 CLPI Colorpak Indonesia Tbk 0.06 0.06 0.07 0.14 10 DLTA Delta Djakarta Tbk 0.07 0.08 0.12 0.17 11 FAST Fast Food Indonesia Tbk 0.14 0.16 0.16 0.17 12 GGRM Gudang Garam Tbk 0.05 0.06 0.08 0.13 13 HMSP H.M Sampoerna Tbk 0.28 0.23 0.24 0.29 14 IGAR Kageo Igar Jaya Tbk 0.03 0.05 0.02 0.08 15 IKBI Suni Indo Kabel Tbk 0.08 0.13 0.15 0.05 16 INDF Indofood Sukses Mandiri Tbk 0.04 0.03 0.03 0.05 17 INTP Indocement Tunggal Prakasa Tbk 0.06 0.10 0.15 0.21 18 KLBF Kalbe Farma Tbk 0.15 0.14 0.12 0.14 19 LION Lion Metal Work Tbk 0.11 0.12 0.15 0.12 20 LMSH Lionmesh Prima Tbk 0.06 0.09 0.15 0.03 21 MLBI Multi Bintang Indonesia Tbk 0.12 0.14 0.24 0.34 22 MRAT Mustika Ratu Tbk 0.03 0.04 0.06 0.06 23 RUIS Radiant Utama Interinsco Tbk 0.08 0.09 0.05 0.03 24 SCCO Sucaco Tbk 0.08 0.04 0.01 0.02 25 SGRO Sampurna Agro Tbk 0.66 0.10 0.20 0.12 26 SMAR Smart Tbk 0.12 0.12 0.10 0.07 27 SMGR Semen Gresik Tbk 0.17 0.21 0.24 0.26 28 SMSM Selamat Sempurna Tbk 0.09 0.10 0.10 0.14 29 SOBI Sorini Corporation Tbk 0.04 0.11 0.13 0.12 30 TRST Trias Sentosa Tbk 0.01 0.01 0.03 0.07 31 TSPC Tempo Scan Pacific Tbk 0.11 0.10 0.11 0.11 32 UNSP Bakrie Sumatera Plantations Tbk 0.10 0.05 0.04 0.05 33 UNVR Unilever Indonesia Tbk 0.37 0.37 0.37 0.41 Sumber diolah dari : www.idx.co.id dan http:finance.yahoo.com 97 p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lampiran 4: Data Earning Per Share Perusahaan Manufaktur Tahun 2006-2009 No Kode Perusahaan Earning Per Share Rupiah 2006 2007 2008 2009 1 AALI Astra Agro Lestari Tbk 499.97 1,253.17 1,670.76 1,054.55 2 ANTM Aneka Tambang Tbk 813.96 538.08 143.43 63.35 3 ASGR Astra Graphia Tbk 41.20 53.44 46.33 49.64 4 ASII Astra International Tbk 916.94 1,610.35 2,270.30 2,480.02 5 AUTO Astra Otoparts Tbk 365.76 589.90 733.99 996.25 6 BATA Sepatu Bata Tbk 1,550.83 2,659.82 12,120.21 4,075.43 7 BUDI Budi Acid Jaya Tbk 16.79 12.50 8.78 38.97 8 BUMI Bumi Resources Tbk 103.40 382.99 364.19 92.58 9 CLPI Colorpak Indonesia Tbk 5.00 9.50 19.60 30.20 10 DLTA Delta Djakarta Tbk 2,703.04 2,955.73 5,230.34 7,900.00 11 FAST Fast Food Indonesia Tbk 154.46 229.78 280.71 407.84 12 GGRM Gudang Garam Tbk 523.79 750.27 977.34 1,796.02 13 HMSP H.M Sampoerna Tbk 805.50 826.84 888.72 1,160.70 14 IGAR Kageo Igar Jaya Tbk 9.49 14.69 7.00 23.56 15 IKBI Suni Indo Kabel Tbk 145.01 253.16 319.24 93.85 16 INDF Indofood Sukses Mandiri Tbk 70.01 103.81 117.81 236.42 17 INTP Indocement Tunggal Prakasa Tbk 161.03 267.22 474.16 746.12 18 KLBF Kalbe Farma Tbk 66.62 69.49 69.60 91.47 19 LION Lion Metal Work Tbk 396.85 486.36 727.48 646.21 20 LMSH Lionmesh Prima Tbk 277.86 618.98 962.21 250.05 21 MLBI Multi Bintang Indonesia Tbk 3,492.22 4,004.98 10,550.88 16,158.42 22 MRAT Mustika Ratu Tbk 21.25 26.00 52.08 49.10 23 RUIS Radiant Utama Interinsco Tbk 35.94 46.70 39.06 24.18 24 SCCO Sucaco Tbk 251.20 263.69 54.57 89.83 25 SGRO Sampurna Agro Tbk 197.00 113.80 232.55 149.08 26 SMAR Smart Tbk 218.65 344.32 364.32 260.60 27 SMGR Semen Gresik Tbk 2,184.13 299.32 425.45 560.82 28 SMSM Selamat Sempurna Tbk 45.97 55.79 63.54 92.28 29 SOBI Sorini Corporation Tbk 154.36 104.65 157.97 174.02 30 TRST Trias Sentosa Tbk 9.24 6.32 20.66 51.24 31 TSPC Tempo Scan Pacific Tbk 605.74 61.86 71.26 79.99 32 UNSP Bakrie Sumatera Plantations Tbk 74.17 54.54 45.82 66.73 33 UNVR Unilever Indonesia Tbk 225.63 257.49 315.50 398.97 Sumber diolah dari : www.idx.co.id dan http:finance.yahoo.com 98 p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lampiran 5: Data Debt to Equity Ratio Perusahaan Manufaktur Tahun 2006-2009 No Kode Perusahaan Debt to Equity Ratio Rasio 2006 2007 2008 2009 1 AALI Astra Agro Lestari Tbk 0.24 0.28 0.23 0.18 2 ANTM Aneka Tambang Tbk 0.70 0.37 0.26 0.21 3 ASGR Astra Graphia Tbk 0.98 0.99 1.53 1.03 4 ASII Astra International Tbk 1.41 1.17 1.21 1.00 5 AUTO Astra Otoparts Tbk 0.57 0.48 0.45 0.39 6 BATA Sepatu Bata Tbk 0.43 0.60 0.47 0.38 7 BUDI Budi Acid Jaya Tbk 2.90 1.31 1.70 1.10 8 BUMI Bumi Resources Tbk 5.95 1.26 2.02 3.95 9 CLPI Colorpak Indonesia Tbk 1.05 1.29 1.86 0.90 10 DLTA Delta Djakarta Tbk 0.31 0.29 0.34 0.27 11 FAST Fast Food Indonesia Tbk 0.68 0.67 0.63 0.63 12 GGRM Gudang Garam Tbk 0.65 0.69 0.55 0.48 13 HMSP H.M Sampoerna Tbk 1.21 0.94 1.00 0.69 14 IGAR Kageo Igar Jaya Tbk 0.44 0.53 0.38 0.29 15 IKBI Suni Indo Kabel Tbk 0.58 0.34 0.25 0.14 16 INDF Indofood Sukses Mandiri Tbk 2.13 2.62 3.11 2.45 17 INTP Indocement Tunggal Prakasa Tbk 0.59 0.44 0.33 0.24 18 KLBF Kalbe Farma Tbk 0.36 0.33 0.38 0.39 19 LION Lion Metal Work Tbk 0.25 0.27 0.26 0.19 20 LMSH Lionmesh Prima Tbk 0.86 1.16 0.64 0.83 21 MLBI Multi Bintang Indonesia Tbk 2.08 2.14 1.73 8.44 22 MRAT Mustika Ratu Tbk 0.10 0.13 0.17 0.16 23 RUIS Radiant Utama Interinsco Tbk 1.20 1.29 2.07 1.67 24 SCCO Sucaco Tbk 1.15 2.67 2.15 1.77 25 SGRO Sampurna Agro Tbk 0.50 0.40 0.37 0.27 26 SMAR Smart Tbk 1.06 1.29 1.17 1.13 27 SMGR Semen Gresik Tbk 0.35 0.27 0.30 0.26 28 SMSM Selamat Sempurna Tbk 0.53 0.66 0.63 0.80 29 SOBI Sorini Corporation Tbk 0.72 0.83 0.95 0.78 30 TRST Trias Sentosa Tbk 1.07 1.18 1.08 0.68 31 TSPC Tempo Scan Pacific Tbk 0.23 0.26 0.29 0.34 32 UNSP Bakrie Sumatera Plantations Tbk 1.78 0.81 0.90 0.90 33 UNVR Unilever Indonesia Tbk 0.95 0.98 1.10 1.02 Sumber diolah dari : www.idx.co.id dan http:finance.yahoo.com 99 p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lampiran 6: Data Dividen Tunai Perusahaan Manufaktur Tahun 2006-2009 No Kode Perusahaan Dividen Tunai Rupiah 2006 2007 2008 2009 1 AALI Astra Agro Lestari Tbk 325.00 815.00 505.00 905.00 2 ANTM Aneka Tambang Tbk 325.58 215.23 57.47 25.38 3 ASGR Astra Graphia Tbk 48.00 40.00 18.00 20.00 4 ASII Astra International Tbk 440.00 160.00 870.00 830.00 5 AUTO Astra Otoparts Tbk 75.00 30.00 294.00 598.00 6 BATA Sepatu Bata Tbk 775.00 7,958.00 816.00 2,158.00 7 BUDI Budi Acid Jaya Tbk 6.00 4.80 13.00 9.67 8 BUMI Bumi Resources Tbk 16.00 77.00 50.60 27.68 9 CLPI Colorpak Indonesia Tbk 5.00 9.50 19.60 30.20 10 DLTA Delta Djakarta Tbk 1,300.00 1,400.00 3,500.00 9,500.00 11 FAST Fast Food Indonesia Tbk 30.00 45.00 57.00 83.00 12 GGRM Gudang Garam Tbk 250.00 250.00 350.00 650.00 13 HMSP H.M Sampoerna Tbk 755.00 540.00 110.00 765.00 14 IGAR Kageo Igar Jaya Tbk 3.00 5.00 3.00 3.00 15 IKBI Suni Indo Kabel Tbk 45.00 100.00 125.00 32.00 16 INDF Indofood Sukses Mandiri Tbk 31.00 43.00 47.00 93.00 17 INTP Indocement Tunggal Prakasa Tbk 30.00 40.00 150.00 225.00 18 KLBF Kalbe Farma Tbk 10.00 10.00 12.50 25.00 19 LION Lion Metal Work Tbk 100.00 125.00 135.00 125.00 20 LMSH Lionmesh Prima Tbk 30.00 50.00 60.00 30.00 21 MLBI Multi Bintang Indonesia Tbk 2,640.00 5,000.00 15,000.00 16,150.00 22 MRAT Mustika Ratu Tbk 3.20 5.20 13.02 9.82 23 RUIS Radiant Utama Interinsco Tbk 8.00 12.00 12.00 12.00 24 SCCO Sucaco Tbk 70.00 30.00 30.00 30.00 25 SGRO Sampurna Agro Tbk 126.00 21.00 90.00 45.00 26 SMAR Smart Tbk 46.00 5.00 180.00 75.00 27 SMGR Semen Gresik Tbk 1,092.06 149.66 215.19 308.45 28 SMSM Selamat Sempurna Tbk 15.00 40.00 100.00 90.00 29 SOBI Sorini Corporation Tbk 60.00 32.00 50.00 55.00 30 TRST Trias Sentosa Tbk 5.00 5.00 10.00 15.00 31 TSPC Tempo Scan Pacific Tbk 25.00 25.00 75.00 35.00 32 UNSP Bakrie Sumatera Plantations Tbk 15.00 17.00 9.00 3.80 33 UNVR Unilever Indonesia Tbk 205.00 257.00 315.00 399.00 Sumber diolah dari : www.idx.co.id dan http:finance.yahoo.com 100 p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lampiran 7: Data Harga Saham Perusahaan Manufaktur Tahun 2007-2010 No Kode Perusahaan Harga Saham Rupiah 2007 2008 2009 2010 1 AALI Astra Agro Lestari Tbk 13285.71 32521.43 12700.00 24228.57 2 ANTM Aneka Tambang Tbk 2653.57 3210.71 1118.57 2139.29 3 ASGR Astra Graphia Tbk 307.14 497.86 215.00 352.86 4 ASII Astra International Tbk 13992.86 26585.71 11092.86 37328.57 5 AUTO Astra Otoparts Tbk 2685.71 3214.29 2939.29 6500.00 6 BATA Sepatu Bata Tbk 14642.86 18592.86 22500.00 33742.86 7 BUDI Budi Acid Jaya Tbk 183.29 280.00 874.29 232.142857 8 BUMI Bumi Resources Tbk 1290.00 5696.43 874.28571 2382.14 9 CLPI Colorpak Indonesia Tbk 1572.86 1534.29 1622.86 484.29 10 DLTA Delta Djakarta Tbk 27214.29 13771.43 21750.00 70000.00 11 FAST Fast Food Indonesia Tbk 1942.86 2292.86 3000.00 6628.57 12 GGRM Gudang Garam Tbk 10521.43 7800.00 5771.43 25307.14 13 HMSP H.M Sampoerna Tbk 11928.57 13085.71 10585.71 13857.14 14 IGAR Kageo Igar Jaya Tbk 112.57 112.00 74.14 132.86 15 IKBI Suni Indo Kabel Tbk 774.29 887.14 474.29 1387.14 16 INDF Indofood Sukses Mandiri Tbk 1474.29 2321.43 954.29 3975.00 17 INTP Indocement Tunggal Prakasa Tbk 5378.57 7800.00 4257.14 13657.14 18 KLBF Kalbe Farma Tbk 1238.57 941.43 621.43 1718.57 19 LION Lion Metal Work Tbk 2057.14 2235.71 3300.00 1914.29 20 LMSH Lionmesh Prima Tbk 1462.86 2000.00 3335.71 1914.29 21 MLBI Multi Bintang Indonesia Tbk 54000.00 48328.57 56300.00 161471.43 22 MRAT Mustika Ratu Tbk 275.71 211.43 159.57 408.57 23 RUIS Radiant Utama Interinsco Tbk 462.14 349.29 415.00 275.71 24 SCCO Sucaco Tbk 1010.00 1460.00 1310.00 1311.43 25 SGRO Sampurna Agro Tbk 9500.00 9500.00 9500.00 9500.00 26 SMAR Smart Tbk 3664.29 9042.86 1662.86 2932.14 27 SMGR Semen Gresik Tbk 4657.14 5007.14 3507.14 7635.71 28 SMSM Selamat Sempurna Tbk 305.71 426.43 387.14 1268.57 29 SOBI Sorini Corporation Tbk 718.57 1404.29 1030.00 1585.71 30 TRST Trias Sentosa Tbk 146.43 191.00 161.29 207.86 31 TSPC Tempo Scan Pacific Tbk 841.43 597.14 492.86 728.57 32 UNSP Bakrie Sumatera Plantations Tbk 1108.57 1634.29 318.57 502.86 33 UNVR Unilever Indonesia Tbk 5678.57 6850.00 7821.43 12250.00 Sumber diolah dari : www.idx.co.id dan http:finance.yahoo.com 101 p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lampiran 8: Deskriptif Statistik Variabel Penelitian Descriptive Statistics N Minimum Maximum Mean Std. Deviation ROA 132 .01 .66 .1292 .10422 EPS 132 5.00 16158.42 883.9614 2175.05260 DER 132 .10 8.44 .9653 1.04738 DC 132 3.00 16150.00 629.4061 2226.14640 HGS 132 74.14 161471.43 8080.0023 17846.33811 Valid N listwise 132 102 p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara Lampiran 9: Hasil Uji SPSS Model Pertama 1. Data Sebelum Transformasi Descriptive Statistics N Minimum Maximum Mean Std. Deviation ROA 132 .01 .66 .1292 .10422 EPS 132 5.00 16158.42 883.9614 2175.05260 DER 132 .10 8.44 .9653 1.04738 DC 132 3.00 16150.00 629.4061 2226.14640 HGS 132 74.14 161471.43 8080.0023 17846.33811 Valid N listwise 132 One-Sample Kolmogorov-Smirnov Test ROA EPS DER DC HGS N 132 132 132 132 132 Normal Parameters a,,b Mean .1292 883.9614 .9653 629.4061 8080.0023 Std. Deviation .10422 2175.05260 1.04738 2226.14640 17846.33811 Most Extreme Differences Absolute .194 .343 .205 .389 .327 Positive .194 .320 .204 .367 .256 Negative -.126 -.343 -.205 -.389 -.327 Kolmogorov-Smirnov Z 2.223 3.942 2.355 4.472 3.755 Asymp. Sig. 2-tailed .000 .000 .000 .000 .000 a. Test distribution is Normal. b. Calculated from data. 103 p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. 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2. Data Setelah Transformasi

One-Sample Kolmogorov-Smirnov Test Ln_ROA Ln_EPS Ln_DER Ln_DC Ln_HGS N 132 132 132 132 132 Normal Parameters a,,b Mean -2.3382 5.3382 -.3919 4.2844 7.7232 Std. Deviation .80374 1.72026 .82418 1.90767 1.64677 Most Extreme Differences Absolute .094 .052 .066 .085 .054 Positive .064 .052 .066 .085 .054 Negative -.094 -.034 -.053 -.047 -.051 Kolmogorov-Smirnov Z 1.082 .592 .756 .978 .622 Asymp. Sig. 2-tailed .192 .874 .617 .294 .834 a. Test distribution is Normal. b. Calculated from data. Descriptive Statistics Mean Std. Deviation N Ln_HGS 7.7232 1.64677 132 Ln_ROA -2.3382 .80374 132 Ln_EPS 5.3382 1.72026 132 Ln_DER -.3919 .82418 132 Variables EnteredRemoved Model Variables Entered Variables Removed Method 1 Ln_DER, Ln_EPS, Ln_ROA a . Enter a. All requested variables entered. p d f Machine A pdf w rit er t hat produces qualit y PDF files w it h ease Produce quality PDF files in seconds and preserve the integrity of your original docum ents. Com patible across nearly all Windows platform s, sim ply open the docum ent you want to convert, click “print”, select the “ Broadgun pdfMachine printer” and that’s it Get yours now Universitas Sumatera Utara