Kesimpulan Saran KESIMPULAN DAN SARAN

BAB V KESIMPULAN DAN SARAN

5.1. Kesimpulan

Setelah mengamati, menganalisis dan membahas hasil penelitian tentang rasio keuangan, yaitu rasio Likuiditas yang terdiri dari Current Ratio CR, Quick Ratio QR, rasio Efisiensi yaitu Assets Turnover AT, rasio Profitabilitas yang terdiri dari Return on Assets ROA, Return on Investment ROI, Net Profit Margin NPM, dan Gross Profit Margin GPM, serta rasio Financial Lavarage yaitu Debt Ratio DR untuk memprediksi kondisi financial distress pada perusahaan manufaktur yang go public, maka dapat disimpulkan bahwa rasio keuangan tersebut tidak dapat digunakan untuk memprediksi kondisi financial distress perusahaan manufaktur yang go public. Hal ini berdasarkan pada pengujian hipotesis step 1 sampai step 8 yang menunjukkan nilai signifikansinya lebih besar dari 0,05. Maka diputuskan untuk menerima H .

5.2. Saran

Berdasarkan kesimpulan di atas, dapat dikemukakan beberapa saran sebagai berikut: 1. Bagi pihak investor hendaknya memperhatikan rasio-rasio likuiditas, efisiensi, profitabilitas, dan financial lavarage suatu perusahaan sebelum memutuskan untuk berinvestasi atau menanamkan modalnya pada suatu perusahaan, selain itu juga perlu mempertimbangkan faktor eksternal seperti kondisi ekonomi krisis ekonomi, pertumbuhan ekonomi, tingkat inflasi, dll. 2. Dan bagi peneliti selanjutnya perlu memperbesar cakupan sampel dengan memperluas tahun penelitian untuk mendapatkan hasil yang lebih kuat dan akurat, serta perlu mempertimbangkan dalam menggunakan ukuran lain dalam penetapan keadaan yang mewakili kondisi financial distress suatu perusahaan. DAFTAR PUSTAKA Anonim, 2008, Pedoman Penyususnan Usulan Penelitian dan Skripsi Jurusan Akuntansi. FE UPN “Veteran” Jawa Timur, Surabaya. Ahmad, Kamaruddin, 2004, Dasar-dasar Manajemen Investasi dan Portofolio. Cetakan kedua, PT. Rineka Cipta , Jakarta. Arifin, Zaenal, 2005, Teori Keuangan dan Pasar Modal. Cetakan pertama, Ekonisia, Yogyakarta. Baridwan, Zaki, 1999, Intermediate Accounting. Edisi 7. BPFE, Yogyakarta. Fahmi, Irham, 2006, Analisis Investasi dalam Perspektif Ekonomi dan Politik. PT. Refika Aditama, Bandung. Foster, G., 1986, Financial Statement Analysis. 2 nd Edition. Prentice-Hall, USA. Ghozali, Imam, 2006, Aplikasi Analisis Multivariate dengan Program SPSS. Cetakan keempat, Badan Penerbit Universitas Diponegoro, Semarang. Hair, JF., William C. Black, Barry J. Babin, Rolph E. Anderson dan Ronald L. Tatham, 1998, Multivariate Data Analysis. 6 th Edition. Prentice-Hall, New Jersey. Harahap, Sofyan Syafri, 2004, Analisis Kritik atas Laporan Keuangan. Cetakan keempat, PT. Raja Grafindo Persada, Jakarta. Ikatan Akuntan Indonesia, 2007, Standar Akuntansi Keuangan. Penerbit Salemba Empat, Jakarta. Indonesian Capital Market Directory ICMD, 2008. Penerbit Ecfin, Jakarta. Kieso, Donald E., Jerry J. Weygandt and Terry D. Warfield, 2004, Intermediate Accounting. 11 th Edition. John Wiley and Sons Inc., New York. Kuncoro, Mudrajat, 2004, Metode Kuantitatif: Teori dan Aplikasi untuk Bisnis dan Ekonomi. UPP-AMP dan YKPN, Yogyakarta. Lesmana, Rico dan Rudy Surjanto, 2003, Financial Performance Analyzing. PT.Elex Media Komputindo, Jakarta. Mulyadi, 2004, Akuntansi Manajemen. Edisi kedua. UPP-AMP dan YKPN, Yogyakarta. Munawir, S., 2004, Analisa Laporan Keuangan. Edisi keempat. Cetakan ketiga belas, Penerbit Liberty, Yogyakarta. Rielly, Frank K. and Edgar A. Norton, 2003, Manajemen Keuangan. Edisi kelima. Prenhallindo, Jakarta. Riyanto, Bambang, 1999, Dasar-dasar Pembelanjaan Perusahaan. Edisi keempat. Yayasan Penerbit Gajah Mada, , Yogyakarta. Sugiyono, 2004, Metode Penelitian Bisnis. Penerbit CV. Alfabeta, Bandung. Weston, J. Fred and Thomas E. Copeland, 1998, Dasar-dasar Manajemen Keuangan. Edisi kesembilan. Penerbit Erlangga, Jakarta. Wild, J. John, K. R. Subramanyam and Robert F. Hasley, 2005, Financial Statement Analysis. 8 th Edition. Salemba Empat, Jakarta. Jurnal: Wilopo, 2001, Prediksi Kebangkrutan Bank, Jurnal Riset Akuntansi Indonesia, Vol. 4 No. 2. Almilia, Luciana Spica dan Emanuel Kristijadi, 2003, Analisis Rasio Keuangan untuk Memprediksi Kondisi Financial Distress Perusahaan Manufaktur yang Terdaftar di Bursa Efek Jakarta, Jurnal Akuntansi dan Auditing Indonesia, Vol. 7 No. 2. Almilia, Luciana Spica, 2006, Prediksi Kondisi Financial Distress Perusahaan Go-Public dengan Menggunakan Analisis Multinominal Logit, Jurnal Ekonomi dan Bisnis, Vol. 12 No. 1. Penelitian: Ermawan, Andhi, 2008, Analisis Rasio Keuangan untuk Memprediksi Kondisi Financial Distress Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Saputri, Yudiyani, 2009, Analisis Rasio Keuangan untuk Memprediksi Kondisi Financial Distress pada Perusahaan Manufaktur di Bursa Efek Indonesia www.idx.co.id www.inaplas.org Asosiasi Industri Olefin dan Plastik Indonesia Lampiran 1 Daftar Perusahaan Manufaktur yang Mengalami Kondisi Financial Distress dan Non-Financial Distress Lampiran 1 Daftar Perusahaan Manufaktur yang Mengalami Kondisi Financial Distress dan Non-Financial Distress No Nama Perusahaan Tahun Kondisi 1 PT. Ades Waters Indonesia, Tbk 2006-2007 Financial Distress 2 PT. Ades Waters Indonesia, Tbk 2007-2008 Financial Distress 3 PT. AKR Corporindo, Tbk 2006-2007 Non-Financial Distress 4 PT. AKR Corporindo, Tbk 2007-2008 Non-Financial Distress 5 PT. Allbond Makmur Usaha, Tbk SQMI 2006-2007 Financial Distress 6 PT. Allbond Makmur Usaha, Tbk SQMI 2007-2008 Financial Distress 7 PT. Alumindo Light Metal Industry, Tbk 2006-2007 Non-Financial Distress 8 PT. Alumindo Light Metal Industry, Tbk 2007-2008 Non-Financial Distress 9 PT. Aqua Golden Mississippi, Tbk 2006-2007 Non-Financial Distress 10 PT. Aqua Golden Mississippi, Tbk 2007-2008 Non-Financial Distress 11 PT. Astra Graphia, Tbk 2006-2007 Non-Financial Distress 12 PT. Astra Graphia, Tbk 2007-2008 Non-Financial Distress 13 PT. Astra International, Tbk 2006-2007 Non-Financial Distress 14 PT. Astra International, Tbk 2007-2008 Non-Financial Distress 15 PT. Astra Otoparts, Tbk 2006-2007 Non-Financial Distress 16 PT. Astra Otoparts, Tbk 2007-2008 Non-Financial Distress 17 PT. BAT Indonesia, Tbk 2006-2007 Financial Distress 18 PT. BAT Indonesia, Tbk 2007-2008 Financial Distress 19 PT. Bentoel International Investama, Tbk 2006-2007 Non-Financial Distress 20 PT. Bentoel International Investama, Tbk 2007-2008 Non-Financial Distress 21 PT. Bristol-Myers Squibb Indonesia, Tbk 2006-2007 Non-Financial Distress 22 PT. Bristol-Myers Squibb Indonesia, Tbk 2007-2008 Non-Financial Distress 23 PT. Daya Sakti Unggul Corporation, Tbk 2006-2007 Financial Distress 24 PT. Daya Sakti Unggul Corporation, Tbk 2007-2008 Financial Distress 25 PT. Delta Djakarta, Tbk 2006-2007 Non-Financial Distress 26 PT. Delta Djakarta, Tbk 2007-2008 Non-Financial Distress 27 PT. Ekadharma International, Tbk 2006-2007 Non-Financial Distress 28 PT. Ekadharma International, Tbk 2007-2008 Non-Financial Distress 29 PT. Ever Shine Textile Industry, Tbk 2006-2007 Financial Distress 30 PT. Ever Shine Textile Industry, Tbk 2007-2008 Financial Distress 31 PT. Fast Food Indonesia, Tbk 2006-2007 Non-Financial Distress 32 PT. Fast Food Indonesia, Tbk 2007-2008 Non-Financial Distress 33 PT. Goodyear Indonesia, Tbk 2006-2007 Non-Financial Distress 34 PT. Goodyear Indonesia, Tbk 2007-2008 Non-Financial Distress 35 PT. Gudang Garam, Tbk 2006-2007 Non-Financial Distress 36 PT. Gudang Garam, Tbk 2007-2008 Non-Financial Distress 37 PT. Hanson Internasional, Tbk 2006-2007 Financial Distress 38 PT. Hanson Internasional, Tbk 2007-2008 Financial Distress 39 PT. Hexindo Adiperkasa, Tbk 2006-2007 Non-Financial Distress 40 PT. Hexindo Adiperkasa, Tbk 2007-2008 Non-Financial Distress 41 PT. HM Sampoerna, Tbk 2006-2007 Non-Financial Distress 42 PT. HM Sampoerna, Tbk 2007-2008 Non-Financial Distress 43 PT. Indofood Sukses Makmur, Tbk 2006-2007 Non-Financial Distress 44 PT. Indofood Sukses Makmur, Tbk 2007-2008 Non-Financial Distress 45 PT. Indokordsa, Tbk PTBM 2006-2007 Non-Financial Distress 46 PT. Indokordsa, Tbk PTBM 2007-2008 Non-Financial Distress 47 PT. Kageo Igar Jaya, Tbk 2006-2007 Non-Financial Distress 48 PT. Kageo Igar Jaya, Tbk 2007-2008 Non-Financial Distress 49 PT. Kalbe Farma, Tbk 2006-2007 Non-Financial Distress 50 PT. Kalbe Farma, Tbk 2007-2008 Non-Financial Distress 51 PT. Kimia Farma, Tbk 2006-2007 Non-Financial Distress 52 PT. Kimia Farma, Tbk 2007-2008 Non-Financial Distress 53 PT. Lautan Luas, Tbk 2006-2007 Non-Financial Distress 54 PT. Lautan Luas, Tbk 2007-2008 Non-Financial Distress 55 PT. Lion Metal Works, Tbk 2006-2007 Non-Financial Distress 56 PT. Lion Metal Works, Tbk 2007-2008 Non-Financial Distress 57 PT. Lionmesh Prima, Tbk 2006-2007 Non-Financial Distress 58 PT. Lionmesh Prima, Tbk 2007-2008 Non-Financial Distress 59 PT. Mandom Indonesia, Tbk 2006-2007 Non-Financial Distress 60 PT. Mandom Indonesia, Tbk 2007-2008 Non-Financial Distress 61 PT. Mayora Indah, Tbk 2006-2007 Non-Financial Distress 62 PT. Mayora Indah, Tbk 2007-2008 Non-Financial Distress 63 PT. Merck, Tbk 2006-2007 Non-Financial Distress 64 PT. Merck, Tbk 2007-2008 Non-Financial Distress 65 PT. Metrodata Electronics, Tbk 2006-2007 Non-Financial Distress 66 PT. Metrodata Electronics, Tbk 2007-2008 Non-Financial Distress 67 PT. Mulia Industrindo, Tbk 2006-2007 Financial Distress 68 PT. Mulia Industrindo, Tbk 2007-2008 Financial Distress 69 PT. Multi Bintang Indonesia, Tbk 2006-2007 Non-Financial Distress 70 PT. Multi Bintang Indonesia, Tbk 2007-2008 Non-Financial Distress 71 PT. Multistrada Arah Sarana, Tbk 2006-2007 Non-Financial Distress 72 PT. Multistrada Arah Sarana, Tbk 2007-2008 Non-Financial Distress 73 PT. Panasia Filament Inti, Tbk 2006-2007 Financial Distress 74 PT. Panasia Filament Inti, Tbk 2007-2008 Financial Distress 75 PT. Perdana Bangun Pustaka, Tbk 2006-2007 Financial Distress 76 PT. Perdana Bangun Pustaka, Tbk 2007-2008 Financial Distress 77 PT. Polysindo Eka Perkasa, Tbk 2006-2007 Financial Distress 78 PT. Polysindo Eka Perkasa, Tbk 2007-2008 Financial Distress 79 PT. Selamat Sempurna, Tbk 2006-2007 Non-Financial Distress 80 PT. Selamat Sempurna, Tbk 2007-2008 Non-Financial Distress 81 PT. Semen Gresik, Tbk 2006-2007 Non-Financial Distress 82 PT. Semen Gresik, Tbk 2007-2008 Non-Financial Distress 83 PT. Sepatu Bata, Tbk 2006-2007 Non-Financial Distress 84 PT. Sepatu Bata, Tbk 2007-2008 Non-Financial Distress 85 PT. Sorini Argo Asia Corporindo, Tbk 2006-2007 Non-Financial Distress 86 PT. Sorini Argo Asia Corporindo, Tbk 2007-2008 Non-Financial Distress 87 PT. Sumi Indo Kabel, Tbk 2006-2007 Non-Financial Distress 88 PT. Sumi Indo Kabel, Tbk 2007-2008 Non-Financial Distress 89 PT. Surya Intrindo Makmur, Tbk 2006-2007 Financial Distress 90 PT. Surya Intrindo Makmur, Tbk 2007-2008 Financial Distress 91 PT. Surya Toto Indonesia, Tbk 2006-2007 Non-Financial Distress 92 PT. Surya Toto Indonesia, Tbk 2007-2008 Non-Financial Distress 93 PT. Tempo Scan Pasific, Tbk 2006-2007 Non-Financial Distress 94 PT. Tempo Scan Pasific, Tbk 2007-2008 Non-Financial Distress 95 PT. Trias Sentosa, Tbk 2006-2007 Non-Financial Distress 96 PT. Trias Sentosa, Tbk 2007-2008 Non-Financial Distress 97 PT. Tunas Baru Lampung, Tbk 2006-2007 Non-Financial Distress 98 PT. Tunas Baru Lampung, Tbk 2007-2008 Non-Financial Distress 99 PT. Unilever Indonesia, Tbk 2006-2007 Non-Financial Distress 100 PT. Unilever Indonesia, Tbk 2007-2008 Non-Financial Distress 101 PT. United Tractor, Tbk 2006-2007 Non-Financial Distress 102 PT. United Tractor, Tbk 2007-2008 Non-Financial Distress Lampiran 2 Data Penelitian Lampiran 2 Data Penelitian No Nama Tahun CR QR AT ROA ROI NPM GPM DR Y 1 PT. Ades Waters Indonesia, Tbk 2004 0.422135 0.294008 1.178313 -1.26183 -1.26182 -1.07087 0.151122 0.705727 1 2 PT. AKR Corporindo, Tbk 2004 1.264858 0.869661 1.292152 0.098442 0.045618 0.035304 0.164012 0.403181 3 PT. Allbond Makmur Usaha, Tbk SQMI 2004 3.790775 2.674887 0.525894 0.011248 0.007931 0.015081 0.101897 0.172764 4 PT. Alumindo Light Metal Industry, Tbk 2004 1.266121 0.463024 1.205897 0.011375 0.038425 0.031865 0.096366 0.622005 5 PT. Aqua Golden Mississippi, Tbk 2004 4.403658 4.130703 1.986485 0.198767 0.136464 0.068696 0.106478 0.459866 6 PT. Astra Graphia, Tbk 2004 4.756986 3.855883 0.827065 0.103981 0.065382 0.079053 0.41486 0.420161 7 PT. Astra International, Tbk 2004 1.06035 0.803439 1.147627 0.204552 0.138089 0.120326 0.229575 0.496237 8 PT. Astra Otoparts, Tbk 2004 1.426437 0.897864 1.20033 0.135075 0.09159 0.076304 0.19432 0.356298 9 PT. BAT Indonesia, Tbk 2004 1.936301 0.421355 0.81964 -0.03889 -0.02916 -0.03558 1.832706 0.430187 1 10 PT. Bentoel International Investama, Tbk 2004 2.013025 1.017264 2.159692 0.046119 0.041362 0.019152 0.106543 0.462016 11 PT. Bristol-Myers Squibb Indonesia, Tbk 2004 3.094156 2.689442 1.1439 0.304059 0.208301 0.182098 0.621356 0.345397 12 PT. Daya Sakti Unggul Corporation, Tbk 2004 0.730582 0.199683 1.256185 -0.02957 -0.01429 -0.01138 0.25808 0.808025 1 13 PT. Delta Djakarta, Tbk 2004 4.135099 3.582078 0.776464 0.126016 0.085027 0.109505 1.256742 0.21825 14 PT. Ekadharma International, Tbk 2004 5.423772 3.618477 1.253749 0.090855 0.065228 0.052026 0.228992 0.180347 15 PT. Ever Shine Textile Industry, Tbk 2004 2.722224 0.819851 0.897055 -0.03406 -0.0268 -0.02988 0.049554 0.361338 1 16 PT. Fast Food Indonesia, Tbk 2004 1.279458 0.981587 2.762324 0.162175 0.115894 0.041955 0.603094 0.394547 17 PT. Goodyear Indonesia, Tbk 2004 2.306239 1.492312 1.741877 0.088695 0.056689 0.032545 0.112097 0.350933 18 PT. Gudang Garam, Tbk 2004 1.684881 0.326548 1.179701 0.124823 0.08694 0.073696 0.199009 0.407649 19 PT. Hanson Internasional, Tbk 2004 0.712864 0.385124 0.511946 0.00475 0.003877 0.007572 0.119729 0.530383 20 PT. Hexindo Adiperkasa, Tbk 2004 1.778178 0.933214 1.565104 0.207674 0.143715 0.091825 0.247234 0.554935 21 PT. HM Sampoerna, Tbk 2004 2.282106 1.02068 1.508359 0.261478 0.170254 0.112874 0.329054 0.557506 22 PT. Indofood Sukses Makmur, Tbk 2004 1.478974 0.952327 1.143248 0.055082 0.024686 0.021593 0.25702 0.684447 23 PT. Indokordsa, Tbk PTBM 2004 2.700698 1.833381 0.861038 0.050728 0.024803 0.028806 0.207016 0.490636 24 PT. Kageo Igar Jaya, Tbk 2004 2.351931 1.52913 1.322493 0.162552 0.092693 0.070089 0.162731 0.322901 25 PT. Kalbe Farma, Tbk 2004 2.892527 2.086687 1.191858 0.194232 0.106521 0.089374 0.485584 0.539735 26 PT. Kimia Farma, Tbk 2004 2.031877 1.352043 1.641321 0.105295 0.066262 0.040371 0.335749 0.305815 27 PT. Lautan Luas, Tbk 2004 1.376726 0.934465 1.195394 0.06026 0.036387 0.030439 0.211142 0.633701 28 PT. Lion Metal Works, Tbk 2004 6.164631 3.58501 0.757407 0.233239 0.160548 0.211971 0.475759 0.178542 29 PT. Lionmesh Prima, Tbk 2004 1.633262 1.092926 2.087539 0.188665 0.128789 0.061694 0.145557 0.591089 30 PT. Mandom Indonesia, Tbk 2004 4.293371 2.134973 1.694903 0.253112 0.174637 0.103036 0.397992 0.158003 31 PT. Mayora Indah, Tbk 2004 5.107245 3.628705 1.076119 0.098149 0.066456 0.061755 0.248525 0.310006 32 PT. Merck, Tbk 2004 3.09332 1.911138 1.862363 0.411219 0.285527 0.153314 0.567512 2.316066 33 PT. Metrodata Electronics, Tbk 2004 1.655473 1.401217 2.063312 0.057103 0.020053 0.009719 0.126687 0.543464 34 PT. Mulia Industrindo, Tbk 2004 0.349222 0.223813 0.582904 -0.1638 -0.14623 -0.25087 0.239062 1.427675 1 35 PT. Multi Bintang Indonesia, Tbk 2004 0.982699 0.718894 1.285365 0.235624 0.157867 0.122818 0.434375 0.548802 36 PT. Multistrada Arah Sarana, Tbk 2004 2.899799 0.809517 0.280017 -0.50147 2.537673 9.06258 0.1092 0.601027 37 PT. Panasia Filament Inti, Tbk 2004 1.365483 0.402616 0.568252 -0.09329 -0.08368 -0.14725 -0.00781 0.724078 1 38 PT. Perdana Bangun Pustaka, Tbk 2004 0.914059 0.266937 0.883947 -0.0329 -0.04193 -0.04743 0.214665 0.660297 1 39 PT. Polysindo Eka Perkasa, Tbk 2004 0.053805 0.037739 0.28886 -0.3186 -0.31239 -1.08147 -0.3162 2.653845 1 40 PT. Selamat Sempurna, Tbk 2004 1.832355 0.87698 1.12295 0.150632 0.088137 0.078487 0.238956 0.374415 41 PT. Semen Gresik, Tbk 2004 2.158414 1.63302 0.910248 0.115387 0.076347 0.083875 0.339626 0.444167 42 PT. Sepatu Bata, Tbk 2004 2.497437 1.037664 1.691087 0.204613 0.13542 0.080079 0.431177 0.345273 43 PT. Sorini Argo Asia Corporindo, Tbk 2004 1.483339 0.781615 1.078311 0.11794 0.066268 0.061455 0.278676 0.357204 44 PT. Sumi Indo Kabel, Tbk 2004 2.012544 1.478776 2.192698 0.028804 0.016487 0.007519 0.06033 0.288327 45 PT. Surya Intrindo Makmur, Tbk 2004 1.137322 0.535785 0.689175 -0.08138 -0.07674 -0.11136 0.034496 0.453971 1 46 PT. Surya Toto Indonesia, Tbk 2004 1.303884 0.772654 0.805666 0.056442 0.03652 0.045329 0.267339 0.795056 47 PT. Tempo Scan Pasific, Tbk 2004 4.638312 3.827066 1.103644 0.20178 0.150357 0.136237 0.45067 0.176761 48 PT. Trias Sentosa, Tbk 2004 1.269118 0.606617 0.47239 0.020835 0.015152 0.032074 0.915548 0.500156 49 PT. Tunas Baru Lampung, Tbk 2004 1.432838 0.961661 0.880865 0.021749 0.01217 0.013816 0.191922 0.621471 50 PT. Unilever Indonesia, Tbk 2004 1.609563 1.099097 2.463554 0.576437 0.401465 0.162962 0.519631 0.375742 51 PT. United Tractor, Tbk 2004 1.838674 1.203116 1.314152 0.216822 0.162443 0.12361 0.201349 0.536133 52 PT. Ades Waters Indonesia, Tbk 2005 0.217985 0.139685 0.684359 -0.55996 -0.56775 -0.8296 0.163693 1.418473 1 53 PT. AKR Corporindo, Tbk 2005 1.2866 0.821833 1.428364 0.092537 0.060254 0.042184 0.144532 0.423348 54 PT. Allbond Makmur Usaha, Tbk SQMI 2005 5.321191 3.703105 0.220437 -0.06967 -0.06364 -0.28868 -0.08677 0.123062 1 55 PT. Alumindo Light Metal Industry, Tbk 2005 1.089641 0.497341 1.694265 0.06817 0.046361 0.027364 0.090068 0.523304 56 PT. Aqua Golden Mississippi, Tbk 2005 7.09867 6.708154 2.134426 0.124753 0.087867 0.041167 0.066592 0.43439 57 PT. Astra Graphia, Tbk 2005 3.330296 2.453027 1.051385 0.105448 0.069519 0.066121 0.382088 0.450899 58 PT. Astra International, Tbk 2005 0.737258 0.503614 1.009237 0.134154 0.08922 0.088403 0.214912 0.60385 59 PT. Astra Otoparts, Tbk 2005 1.71086 1.086367 1.272261 0.141632 0.092135 0.072418 0.187094 0.383157 60 PT. BAT Indonesia, Tbk 2005 2.170674 0.841776 0.957085 0.04421 0.027988 0.029243 1.699719 0.385779 61 PT. Bentoel International Investama, Tbk 2005 2.21249 1.247058 1.181218 0.057211 0.058712 0.049704 0.196092 0.395288 62 PT. Bristol-Myers Squibb Indonesia, Tbk 2005 2.408397 1.893389 1.010869 0.092884 0.054827 0.054238 0.575646 0.386474 63 PT. Daya Sakti Unggul Corporation, Tbk 2005 0.624485 0.164479 1.226138 -0.1124 -0.12808 -0.10446 0.176833 0.926932 1 64 PT. Delta Djakarta, Tbk 2005 3.694223 3.243056 0.804651 0.14703 0.104884 0.130348 1.266701 0.243427 65 PT. Ekadharma International, Tbk 2005 3.204639 2.187551 1.400912 0.086931 0.069569 0.04966 0.167574 0.254657 66 PT. Ever Shine Textile Industry, Tbk 2005 2.392375 0.705602 0.812171 -0.02051 -0.0156 -0.01921 0.061464 0.427174 1 67 PT. Fast Food Indonesia, Tbk 2005 1.136267 0.825307 2.721298 0.153136 0.109264 0.040151 0.593534 0.396132 68 PT. Goodyear Indonesia, Tbk 2005 2.278725 1.492107 1.907515 -0.01527 -0.01458 -0.00765 0.047532 0.398509 1 69 PT. Gudang Garam, Tbk 2005 1.73286 0.314106 1.122848 0.122486 0.085393 0.07605 0.206969 0.406786 70 PT. Hanson Internasional, Tbk 2005 0.574784 0.322394 0.526817 -0.02337 -0.01916 -0.03636 0.054392 0.576999 1 71 PT. Hexindo Adiperkasa, Tbk 2005 1.320796 0.398835 1.330807 0.132462 0.091416 0.068692 0.211556 0.677647 72 PT. HM Sampoerna, Tbk 2005 1.706005 0.482233 2.066264 0.312089 0.199677 0.096637 0.296483 0.595985 73 PT. Indofood Sukses Makmur, Tbk 2005 1.469857 0.858512 1.269075 0.028795 0.008387 0.006609 0.235715 0.678955 74 PT. Indokordsa, Tbk PTBM 2005 2.858805 1.614056 1.032551 0.116711 0.069907 0.067703 0.220265 0.416636 75 PT. Kageo Igar Jaya, Tbk 2005 3.348139 2.317329 1.598355 0.091844 0.050136 0.031367 0.11729 0.260876 76 PT. Kalbe Farma, Tbk 2005 3.939982 2.834575 1.267091 0.219184 0.135131 0.106647 0.504743 0.393142 77 PT. Kimia Farma, Tbk 2005 2.2204 1.414694 1.542484 0.070044 0.044859 0.029083 0.317723 0.283103 78 PT. Lautan Luas, Tbk 2005 1.224888 0.753685 1.346618 0.051769 0.032585 0.024198 0.191874 0.647894 79 PT. Lion Metal Works, Tbk 2005 6.243833 3.494759 0.780721 0.17023 0.11527 0.147645 0.420049 0.186015 80 PT. Lionmesh Prima, Tbk 2005 1.763318 1.033572 2.472463 0.150838 0.097457 0.039417 0.116572 0.496895 81 PT. Mandom Indonesia, Tbk 2005 4.423077 2.011389 1.658002 0.246752 0.170177 0.10264 0.37155 0.158149 82 PT. Mayora Indah, Tbk 2005 3.536824 2.637949 1.168644 0.046289 0.031323 0.026803 0.22093 0.375136 83 PT. Merck, Tbk 2005 4.722261 2.765015 1.771951 0.384905 0.264638 0.149348 0.555704 0.172713 84 PT. Metrodata Electronics, Tbk 2005 1.699942 1.463075 2.256071 0.063937 0.024463 0.010843 0.122571 0.547048 85 PT. Mulia Industrindo, Tbk 2005 0.272021 0.141127 0.660476 -0.14443 -0.19265 -0.29168 0.211594 1.651068 1 86 PT. Multi Bintang Indonesia, Tbk 2005 0.68047 0.454469 1.481813 0.223483 0.151227 0.102056 0.439441 0.603829 87 PT. Multistrada Arah Sarana, Tbk 2005 0.831382 0.240458 0.301999 -0.02098 0.055128 0.182544 0.10732 0.048656 88 PT. Panasia Filament Inti, Tbk 2005 1.04137 0.292322 0.632594 -0.06203 -0.04928 -0.0779 -0.01748 0.766924 1 89 PT. Perdana Bangun Pustaka, Tbk 2005 0.898051 0.188635 0.93493 -0.01295 -0.01027 -0.01098 0.211684 0.668144 1 90 PT. Polysindo Eka Perkasa, Tbk 2005 0.086467 0.064074 0.482021 -0.14425 -0.13814 -0.28659 -0.13122 1.988228 1 91 PT. Selamat Sempurna, Tbk 2005 1.961257 1.121948 0.129908 0.153908 0.099123 0.763024 -6.70233 0.341028 92 PT. Semen Gresik, Tbk 2005 1.727472 1.247093 1.032112 0.199108 0.137269 0.132998 0.383924 0.378433 93 PT. Sepatu Bata, Tbk 2005 1.93463 0.769491 1.422321 0.125827 0.08204 0.05768 0.419193 0.423452 94 PT. Sorini Argo Asia Corporindo, Tbk 2005 1.654711 0.828531 1.19186 0.099876 0.059638 0.050038 0.235037 0.380488 95 PT. Sumi Indo Kabel, Tbk 2005 1.767347 1.31855 2.597249 0.067504 0.043319 0.016679 0.06149 0.382748 96 PT. Surya Intrindo Makmur, Tbk 2005 0.967738 0.55321 0.582352 -0.12162 -0.11293 -0.19392 -0.01806 0.55415 1 97 PT. Surya Toto Indonesia, Tbk 2005 1.213888 0.68712 0.842222 0.110115 0.07419 0.088089 0.238641 0.74536 98 PT. Tempo Scan Pasific, Tbk 2005 3.802678 2.938395 1.064889 0.172619 0.126537 0.118826 0.434279 0.201416 99 PT. Trias Sentosa, Tbk 2005 1.200373 0.622558 0.513518 0.01146 0.007807 0.015203 0.152997 0.544792 100 PT. Tunas Baru Lampung, Tbk 2005 1.051079 0.615224 0.840983 0.012756 0.004285 0.005095 0.189265 0.646433 101 PT. Unilever Indonesia, Tbk 2005 1.352236 0.84202 2.600526 0.537277 0.374897 0.144162 0.492965 0.431608 102 PT. United Tractor, Tbk 2005 1.554075 0.958367 1.248961 0.147222 0.09881 0.079114 0.195816 0.609932 103 PT. Ades Waters Indonesia, Tbk 2006 0.117133 0.089974 0.578955 -0.55357 -0.55216 -0.95373 0.061958 1.929013 1 104 PT. AKR Corporindo, Tbk 2006 1.114435 0.702357 1.670069 0.079602 0.053877 0.03226 0.114604 0.475157 105 PT. Allbond Makmur Usaha, Tbk SQMI 2006 5.37726 3.170384 0.069589 -0.11477 -0.11169 -1.60502 -0.87063 0.118181 1 106 PT. Alumindo Light Metal Industry, Tbk 2006 0.948082 0.489175 1.576107 0.097256 0.066584 0.042246 0.081052 0.634691 107 PT. Aqua Golden Mississippi, Tbk 2006 7.182183 6.858832 2.09447 0.10034 0.061432 0.029331 0.05892 0.431184 108 PT. Astra Graphia, Tbk 2006 2.425251 1.800133 1.058477 0.139526 0.09501 0.089761 0.377767 0.493957 109 PT. Astra International, Tbk 2006 0.783812 0.58448 0.958205 0.101357 0.06408 0.066875 0.218383 0.54374 110 PT. Astra Otoparts, Tbk 2006 1.74758 1.191645 1.113514 0.127753 0.093145 0.08365 0.18045 0.352336 111 PT. BAT Indonesia, Tbk 2006 1.818636 0.41761 0.83296 -0.13507 -0.10151 -0.12187 2.072653 0.426483 1 112 PT. Bentoel International Investama, Tbk 2006 1.607267 0.807338 1.27623 0.076466 0.061973 0.04856 0.233939 0.492736 113 PT. Bristol-Myers Squibb Indonesia, Tbk 2006 2.601612 2.13955 1.176889 0.307702 0.208425 0.177098 0.642292 0.369526 114 PT. Daya Sakti Unggul Corporation, Tbk 2006 0.547776 0.165873 1.232656 -0.07499 -0.07473 -0.06063 0.159743 0.984883 1 115 PT. Delta Djakarta, Tbk 2006 3.804575 3.386273 0.687089 0.105222 0.074963 0.109102 1.283482 0.238873 116 PT. Ekadharma International, Tbk 2006 3.916245 2.509571 1.475313 0.105892 0.077213 0.052337 0.186135 0.223855 117 PT. Ever Shine Textile Industry, Tbk 2006 1.987962 0.517768 0.900818 -0.13193 -0.09702 -0.1077 0.003071 0.460259 1 118 PT. Fast Food Indonesia, Tbk 2006 1.070974 0.757885 2.639542 0.198452 0.14254 0.054002 0.614902 0.404004 119 PT. Goodyear Indonesia, Tbk 2006 2.226943 1.49756 2.159891 0.08056 0.055835 0.025851 0.085301 0.381703 120 PT. Gudang Garam, Tbk 2006 1.886166 0.403151 1.211948 0.073779 0.046373 0.038263 0.179074 0.393798 121 PT. Hanson Internasional, Tbk 2006 0.272109 0.157528 0.585498 -0.1348 -0.13762 -0.23505 -0.09499 0.661634 1 122 PT. Hexindo Adiperkasa, Tbk 2006 1.111167 0.456207 1.159149 0.048117 0.032745 0.028249 0.178634 0.713024 123 PT. HM Sampoerna, Tbk 2006 1.680541 0.356358 2.333771 0.422194 0.278874 0.119495 0.28609 0.542907 124 PT. Indofood Sukses Makmur, Tbk 2006 1.188816 0.714525 1.361773 0.076042 0.041037 0.030135 0.236135 0.652933 125 PT. Indokordsa, Tbk PTBM 2006 3.934312 2.297208 0.980827 0.025946 0.011969 0.012202 0.135802 0.332958 126 PT. Kageo Igar Jaya, Tbk 2006 3.248854 2.403077 1.418529 0.052686 0.034342 0.02421 0.099385 0.269676 127 PT. Kalbe Farma, Tbk 2006 5.041715 3.698806 1.312876 0.235713 0.1463 0.111435 0.510354 0.23357 128 PT. Kimia Farma, Tbk 2006 2.120684 1.496141 1.736182 0.053621 0.034879 0.020089 0.27148 0.309676 129 PT. Lautan Luas, Tbk 2006 1.109325 0.716329 1.318349 0.034412 0.016212 0.012297 0.149796 0.673649 130 PT. Lion Metal Works, Tbk 2006 6.062683 3.771357 0.763344 0.158495 0.109982 0.144079 0.419229 0.202018 131 PT. Lionmesh Prima, Tbk 2006 1.812557 0.982633 1.820297 0.097983 0.061197 0.033619 0.115697 0.461159 132 PT. Mandom Indonesia, Tbk 2006 8.780723 4.576791 1.517276 0.227913 0.159628 0.105207 0.391005 0.102916 133 PT. Mayora Indah, Tbk 2006 3.909327 2.776723 1.269179 0.091249 0.06024 0.047464 0.257128 0.362079 134 PT. Merck, Tbk 2006 5.41994 3.852998 1.724807 0.437395 0.306113 0.177476 0.58414 0.166679 135 PT. Metrodata Electronics, Tbk 2006 1.517091 1.235842 2.208802 0.059738 0.028045 0.012697 0.113464 0.613876 136 PT. Mulia Industrindo, Tbk 2006 0.18714 0.09083 0.651981 -0.13342 -0.13488 -0.20688 0.058957 1.843795 1 137 PT. Multi Bintang Indonesia, Tbk 2006 0.528405 0.325021 1.459612 0.181937 0.120538 0.082582 0.476225 0.674774 138 PT. Multistrada Arah Sarana, Tbk 2006 0.561159 0.212233 0.396203 0.01122 0.11858 0.299291 0.100082 0.496667 139 PT. Panasia Filament Inti, Tbk 2006 1.081202 0.271555 0.534874 -0.07311 -0.06443 -0.12047 -0.07897 0.731988 1 140 PT. Perdana Bangun Pustaka, Tbk 2006 0.933464 0.253238 0.886609 -0.0124 -0.01253 -0.01414 0.177435 0.681148 1 141 PT. Polysindo Eka Perkasa, Tbk 2006 0.117301 0.083424 0.523341 -0.01317 -0.00435 -0.00831 -0.14966 2.034181 1 142 PT. Selamat Sempurna, Tbk 2006 1.988668 1.091975 1.229432 0.146978 0.092334 0.075103 0.224583 0.332929 143 PT. Semen Gresik, Tbk 2006 2.84454 2.141852 1.16427 0.247724 0.172819 0.148435 0.381252 0.255488 144 PT. Sepatu Bata, Tbk 2006 2.899751 1.029127 1.578975 0.119387 0.074268 0.047035 0.428851 0.299763 145 PT. Sorini Argo Asia Corporindo, Tbk 2006 1.75325 0.886302 1.25574 0.069355 0.043256 0.034447 0.197198 0.401738 146 PT. Sumi Indo Kabel, Tbk 2006 2.016786 1.324991 3.243025 0.111954 0.075172 0.02318 0.065879 0.367618 147 PT. Surya Intrindo Makmur, Tbk 2006 0.87875 0.403132 0.943136 -0.10358 -0.07214 -0.07648 0.04867 0.685399 1 148 PT. Surya Toto Indonesia, Tbk 2006 1.267137 0.737211 0.911906 0.129421 0.087765 0.096243 0.232162 0.69094 149 PT. Tempo Scan Pasific, Tbk 2006 4.389452 3.353422 1.10083 0.147508 0.109946 0.099876 0.409982 0.180425 150 PT. Trias Sentosa, Tbk 2006 1.059465 0.555574 0.597412 0.013577 0.01284 0.021492 0.119126 0.517199 151 PT. Tunas Baru Lampung, Tbk 2006 1.47916 1.186506 0.582676 0.038626 0.025808 0.044292 0.219783 0.577509 152 PT. Unilever Indonesia, Tbk 2006 1.265912 0.894871 2.450333 0.532813 0.372156 0.15188 0.496752 0.486248 153 PT. United Tractor, Tbk 2006 1.341108 0.943006 1.219751 0.120184 0.082716 0.067814 0.173544 0.58737 Lampiran 3 Hasil Pengujian Regresi Logistik dengan Menggunakan Metode Backward Stepwise Lampiran 3 Logistic Regression Case Processing Summary 153 100.0 .0 153 100.0 .0 153 100.0 Unweighted Cases a Included in Analysis Missing Cases Total Selected Cases Unselected Cases Total N Percent If weight is in effect, see classification table for the total number of cases. a. Dependent Variable Encoding 1 Original Value 1 Internal Value Block 0: Beginning Block Iteration History

a,b,c