Pengaruh Faktor Internal Perusahaan dan Risiko Pasar Terhadap Kebijakan Dividen Pada Perusahaan Manufaktur di Bursa Efek Indonesia
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LAMPIRAN Lampiran 1
Daftar Penentuan Sampel
No Kode Perusahaan Kriteria Sampel
1 2 3 4
1 INTP O O O O Sampel 1
2 SMCB O O O O Sampel 2
3 SMBR × × × ×
4 SMGR O O O O Sampel 3
5 WTON × × × ×
6 AMFG O O O O Sampel 4
7 ARNA O O O O Sampel 5
8 IKAI O O O ×
9 KIAS O O O O Sampel 6
10 MLIA O O O ×
11 TOTO O O O O Sampel 7
12 ALKA O O O ×
13 ALMI O O O O Sampel 8
14 BTON O O O O Sampel 9
15 CTBN O O × ×
16 GDST O O O ×
17 INAI O O O O Sampel 10
18 JKSW O O O ×
19 JPRS O O O ×
20 KRAS O O × ×
21 LION O O O O Sampel 11
22 LMSH O O O O Sampel 12
23 PICO O O O ×
24 NIKL O O × ×
25 BAJA × × × ×
26 ISSP × × × ×
27 TBMS O O × ×
28 BRPT O O O ×
29 BUDI O O O O Sampel 13
30 TPIA O O × ×
31 DPNS O O O O Sampel 14
32 EKAD O O O O Sampel 15
33 ETWA O × × ×
34 SRSN O O O ×
35 INCI O O O ×
36 SOBI O × × ×
37 UNIC O O × ×
38 AKKU O O O ×
39 AKPI O O O O Sampel 16
40 APLI O O O O Sampel 17
41 BRNA O O O O Sampel 18
42 IGAR O O O O Sampel 19
43 IMPC × × × ×
44 IPOL O O × ×
45 FPNI O O O ×
46 SIAP O × × ×
47 SIMA O O O ×
(3)
48 TRST O O O O Sampel 20
49 TALF × × × ×
50 YPAS O O O ×
51 CPIN O O O O Sampel 21
52 JPFA O O O O Sampel 22
53 MAIN O O O O Sampel 23
54 SIPD O O O O Sampel 24
55 SULI O O O ×
56 TIRT O O O ×
57 ALDO O O O O Sampel 25
58 DAJK × × × ×
59 FASW O O O O Sampel 26
60 INKP O O × ×
61 KDSI O O O ×
62 KBRI O O O ×
63 TKIM O O × ×
64 SPMA O O O O Sampel 27
65 INRU O O O ×
66 KRAH × × × ×
67 ASII O O O O Sampel 28
68 AUTO O O O O Sampel 29
69 GJTL O O O O Sampel 30
70 GDYR O O × ×
71 BRAM O O × ×
72 IMAS O O O O Sampel 31
73 INDS O O O O Sampel 32
74 LPIN O O O ×
75 MASA O O × ×
76 NIPS O O O ×
77 PRAS O O O ×
78 SMSM O O O O Sampel 33
79 MYTX O O O ×
80 ARGO O O O ×
81 POLY O O O ×
82 CNTX O O O ×
83 ERTX O O O ×
84 ESTI O O × ×
85 INDR O O × ×
86 UNIT O O O ×
87 PBRX O O × ×
88 HDTX O O O ×
89 ADMG O O O ×
90 RICY O O O O Sampel 34
91 SRIL × × × ×
92 STAR O O O ×
93 SSTM O O O ×
94 TFCO O O O ×
95 TRIS × × × ×
96 UNTX O × × ×
97 BIMA O O O ×
98 BATA O O O O Sampel 35
99 JECC O O O O Sampel 36
(4)
76
101 SCCO O O O O Sampel 38
102 IKBI O O × ×
103 VOKS O O O O Sampel 39
104 KBLI O O O O Sampel 40
105 PTSN O O × ×
106 CEKA O O O O Sampel 41
107 DLTA O O O O Sampel 42
108 ICBP O O O O Sampel 43
109 INDF O O O O Sampel 44
110 MLBI O O O O Sampel 45
111 MYOR O O O O Sampel 46
112 PSDN O O O ×
113 SKBM × × × ×
114 ROTI O O O O Sampel 47
115 STTP O O O ×
116 AISA O × × ×
117 ALTO × × × ×
118 ULTJ O × × ×
119 SKLT O O O O Sampel 48
120 RMBA O O O ×
121 GGRM O O O O Sampel 49
122 HMSP O O O O Sampel 50
123 WIIM × × × ×
124 DVLA O O O O Sampel 51
125 INAF O O O O Sampel 52
126 SIDO × × × ×
127 KAEF O O O O Sampel 53
128 KLBF O O O O Sampel 54
129 SCPI O O O ×
130 MERK O O O O Sampel 55
131 PYFA O O O ×
132 SQBB O × × ×
133 TSPC O O O O Sampel 56
134 ADES O O O ×
135 MBTO O O O O Sampel 57
136 MRAT O O O O Sampel 58
137 TCID O O O O Sampel 59
138 UNVR O O O O Sampel 60
139 CINT × × × ×
140 KICI O O O ×
141 LMPI O O O ×
Sumber: Hasil Penelitian 2016 (data diolah)
(5)
Lampiran 2
Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2015 No. Kode Nama Perusahaan IPO 2011 2012 2013 2014 2015
1 SMCB Holcim Indonesia Tbk 10-08-1997 O O O O O 2 INTP Indocement Tunggal
Prakasa Tbk 05-12-1989 O O O O O
3 SMBR Semen Baturaja Tbk 28-06-2013 × × O O O 4 SMGR Semen Indonesia Tbk 08-07-1991 O O O O O 5 WTON Wijaya Karya Beton
Tbk 08-04-2014 × × × O O
6 ARNA Arwana Citramulia
Tbk 17-07-2001 O O O O O
7 AMFG Asahimas Flat Glass
Tbk 08-11-1995 O O O O O
8 IKAI Inti Keramik Alam
Asri Industri Tbk 04-06-1997 O O O O O
9 KIAS Keramika Indonesia
Assosiasi Tbk 08-12-1994 O O O O O
10 MLIA Mulia Industrindo Tbk 17-01-1994 O O O O O 11 TOTO Surya Toto Indonesia
Tbk 30-10-1990 O O O O O
12 ALKA Alaska Industrindo
Tbk 12-07-1990 O O O O O
13 ALMI Alumindo Light Metal
Industry Tbk 02-01-1997 O O O O O
14 BTON Betonjaya Manunggal
Tbk 18-07-2001 O O O O O
15 CTBN Citra Turbindo Tbk 28-11-1989 O O O O O 16 GDST Gunawan Dianjaya
Steel Tbk 23-12-2009 O O O O O
17 INAI Indal Aluminium
Industry Tbk 05-12-1994 O O O O O
18 JKSW Jakarta Kyoei Steel
Work LTD Tbk 06-08-1997 O O O O O
19 JPRS Jaya Pari Steel Tbk 08-08-1989 O O O O O 20 KRAS Krakatau Steel Tbk 10-11-2010 O O O O O 21 LION Lion Metal Works
Tbk 20-08-1993 O O O O O
22 LMSH Lionmesh Prima Tbk 04-06-1990 O O O O O 23 PICO Pelangi Indah
Canindo Tbk 23-09-1996 O O O O O
24 NIKL Pelat Timah
Nusantara Tbk 14-12-2009 O O O O O
25 BAJA Saranacentral
Bajatama Tbk 21-12-2011 × O O O O
26 ISSP Steel Pipe Industry of
Indonesia Tbk 22-02-2013 × × O O O
27 TBMS Tembaga Mulia
Semanan Tbk 30-09-1993 O O O O O
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78
29 BUDI Budi Starch &
Swertener Tbk 08-05-1995 O O O O O
30 TPIA Chandra Asri
Petrochemical Tbk 26-05-2008 cc O O O O 31 DPNS Duta Pertiwi
Nusantara 08-10-1990 O O O O O
32 EKAD Ekadharma
International Tbk 14-10-1990 O O O O O
33 ETWA Eterindo Wahanatama
Tbk 16-05-1997 O O O O O
34 SRSN Indo Acidatama Tbk 11-01-1993 O O O O O 35 INCI Intanwijaya
International Tbk 24-07-1990 O O O O O
36 SOBI Sorini Agro Asia
Corporindo Tbk 03-08-1992 O O O O O
37 UNIC Unggul Indah Cahaya
Tbk 06-11-1989 O O O O O
38 AKKU Alam Karya Unggul
Tbk 01-11-2004 O O O O O
39 AKPI Argha Karya Prima
Industry Tbk 18-12-1992 O O O O O
40 APLI Asiaplast Industries
Tbk 01-05-2000 O O O O O
41 BRNA Berlina Tbk 06-11-1989 O O O O O
42 IGAR Champion Pasific
Indonesia Tbk 05-11-1990 O O O O O
43 IMPC Impack Pratama
Industri Tbk 17-12-2014 × × × O O
44 IPOL Indopoly Swakarsa
Industry Tbk 09-07-2010 O O O O O
45 FPNI Lotte Chemical Titan
Tbk 21-03-2002 O O O O O
46 SIAP Sekawan Intipratama
Tbk 17-10-2008 O O O O O
47 SIMA Siwani Makmur Tbk 03-07-1994 O O O O O
48 TRST Trias Sentosa Tbk 02-07-1990 O O O O O
49 TALF Tunas Alfin Tbk 12-02-2001 × × × O O
50 YPAS Yanaprima Hasta
Persada Tbk 05-03-2008 O O O O O
51 CPIN Charoen Pokphand
Indonesia Tbk 18-03-1991 O O O O O
52 JPFA Japfa Comfeed
Indonesia Tbk 23-10-1989 O O O O O
53 MAIN Malindo Feedmill Tbk 10-02-2006 O O O O O 54 SIPD Siearad Produce Tbk 27-12-1996 O O O O O
55 SULI SLJ Global Tbk 21-03-1994 O O O O O
56 TIRT Tirta Mahakam
Resources Tbk 13-12-1999 O O O O O
57 ALDO Alkindo Naratama
Tbk 12-07-2011 O O O O O
58 DAJK Dwi Aneka Jaya
Kemasindo Tbk 14-05-2014 × × × O O
(7)
59 FASW Fajar Surya Wisesa
Tbk 01-12-1994 O O O O O
60 INKP Indah Kiat Pulp &
paper Tbk 16-07-1990 O O O O O
61 KDSI Kedawung Setia
Industrial Tbk 29-07-1996 O O O O O
62 KBRI
Kertas Basuki Rachmat Indonesia Tbk
11-07-2008 O O O O O
63 TKIM Pabrik Kertas Tjiwi
Kimia Tbk 03-04-1990 O O O O O
64 SPMA Suparma Tbk 16-11-1994 O O O O O
65 INRU Toba Pulp Lestari Tbk 18-06-1990 O O O O O
66 KRAH Grand Kartech Tbk 28-11-2013 × × O O O
67 ASII Astra International
Tbk 04-04-1990 O O O O O
68 AUTO Astra Otoparts Tbk 15-07-1998 O O O O O
69 GJTL Gajah Tunggal Tbk 8-05-1990 O O O O O
70 GDYR Goodyear Indonesia
Tbk 01-12-1980 O O O O O
71 BRAM Indo Kordsa Tbk 05-09-1990 O O O O O
72 IMAS Indomobil Sukses
International Tbk 15-09-1993 O O O O O
73 INDS Indospring Tbk 10-08-1990 O O O O O
74 LPIN Multi Prima Sejahtera
Tbk 05-02-1990 O O O O O
75 MASA Multistrada Arah
Sarana Tbk 09-06-2005 O O O O O
76 NIPS Nippres Tbk 24-07-1991 O O O O O
77 PRAS Prima alloy steel
Universal Tbk 12-07-1990 O O O O O
78 SMSM Selamat Sempurna
Tbk 09-09-1996 O O O O O
79 MYTX Apac Citra Centertex
Tbk 10-10-1989 O O O O O
80 ARGO Argo Pantes Tbk 07-01-1991 O O O O O
81 POLY Asia Pasific Fibers
Tbk 12-03-1991 O O O O O
82 CNTX Century Textile
Industry Tbk 22-05-1979 O O O O O
83 ERTX Eratex Djaya Tbk 21-08-1990 O O O O O
84 ESTI Ever Shine Textile
Industry Tbk 13-10-1992 O O O O O
85 INDR Indo Rama Synthetic
Tbk 03-08-1990 O O O O O
86 UNIT Nusantara Inti
Corpora Tbk 18-04-2002 O O O O O
87 PBRX Pan Brothers Tbk 16-08-1990 O O O O O
88 HDTX Panasia Indo
Resources Tbk 06-06-1990 O O O O O
89 ADMG Polychem Indonesia
(8)
80
90 RICY Ricky Putra
Globalindo Tbk 22-01-1998 O O O O O
91 SRIL Sri Rejeki Isman Tbk 17-06-2013 × × O O O
92 STAR Star Petrochem Tbk O O O O O
93 SSTM Sunson Textile
Manufacturer Tbk 20-08-1997 O O O O O
94 TFCO Tifico Fiber Indonesia
Tbk 26-02-1980 O O O O O
95 TRIS Trisula International
Tbk 28-06-2012 × O O O O
96 UNTX Unitex Tbk 16-06-1989 O O O O O
97 BIMA Primarindo Asia
Infrastructure Tbk 30-08-1994 O O O O O
98 BATA Sepatu Bata Tbk 24-03-1982 O O O O O
99 JECC Jembo Cable
Company Tbk 18-11-1992 O O O O O
100 KBLM Kabelindo Murni Tbk 01-06-1992 O O O O O 101 KBLI KMI Wire and Cable
Tbk 06-07-1992 O O O O O
102 IKBI Sumi Indo Kabel Tbk 21-01-1991 O O O O O
103 SCCO
Supreme Cable Manufacturing and Commerce Tbk
20-07-1982 O O O O O
104 VOKS Voksel Electric Tbk 20-12-1990 O O O O O 105 PTSN Sat Nusapersada Tbk 08-11-2007 O O O O O 106 DLTA Delta Djakarta Tbk 12-02-1994 O O O O O 107 ICBP Indofood CBP Sukses
Makmur Tbk 07-10-2010 O O O O O
108 INDF Indofood Sukses
Makmur Tbk 14-07-1994 O O O O O
109 MYOR Mayora Indah Tbk 04-07-1990 O O O O O
110 MLBI Multi Bintang
Indonesia Tbk 17-01-1994 O O O O O
111 ROTI Nippon Indosari
Corporindo Tbk 28-06-2010 O O O O O
112 PSDN Prashida Aneka Niaga
Tbk 18-10-1994 O O O O O
113 SKBM Sekar Bumi Tbk 05-01-1993 × O O O O
114 SKLT Sekar Laut Tbk 08-09-1993 O O O O O
115 STTP Siantar Top Tbk 16-12-1996 O O O O O
116 AISA Tiga Pilar Sejahtera
Food Tbk 11-07-1997 O O O O O
117 ALTO Tri Banyan Tirta Tbk 10-07-2012 × O O O O
118 ULTJ
Ultrajaya Milk Industry and Trading Company Tbk
02-07-1990 O O O O O
119 CEKA Wilmar Cahaya
Indonesia Tbk 09-07-1996 O O O O O
120 RMBA Bentoel International
Investama Tbk 05-03-1990 O O O O O
121 GGRM Gudang Garam Tbk 27-08-1990 O O O O O
(9)
122 HMSP Hanjaya Mandala
Sampoerna Tbk 15-08-1990 O O O O O
123 WIIM Wismilak Inti
Makmur Tbk 18-11-2012 × O O O O
124 DVLA Darya Varia
Laboratoria Tbk 11-11-1994 O O O O O
125 INAF Indofarma Tbk 17-04-2001 O O O O O
126 SIDO
Industri Jamu dan Farmasi Sido Muncul Tbk
13-12-2013 × × O O O
127 KLBF Kalbe Farma Tbk 30-07-1991 O O O O O
128 KAEF Kimia Farma Tbk 04-07-2001 O O O O O
129 SCPI Merck Sharp Dohme
Pharma Tbk 08-06-1990 O O O O O
130 MERK Merck Indonesia Tbk 23-07-1981 O O O O O 131 PYFA Pyridam Farma Tbk 16-10-2001 O O O O O 132 SQBB Taisho Pharmaceutical
Indonesia Tbk 28-03-1983 O O O O O
133 TSPC Tempo Scan Pasific
Tbk 17-06-1994 O O O O O
134 ADES Akasha Wira
International Tbk 13-06-1994 O O O O O
135 TCID Mandom Indonesia
Tbk 23-09-1993 O O O O O
136 MBTO Martina Berto Tbk 13-01-2011 O O O O O
137 MRAT Mustika Ratu Tbk 27-07-1995 O O O O O
138 UNVR Unilever Indonesia
Tbk 11-01-1982 O O O O O
139 CINT Chitose Internasional
Tbk 27-06-2014 × × × O O
140 KICI Kedaung Indag Can
Tbk 28-10-1993 O O O O O
141 LMPI Langgeng Makmur
Industry Tbk 17-10-1994 O O O O O
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82
Lampiran 3
Perusahaan Manufaktur yang Tidak Terdaftar Secara Konsisten di Bursa Efek Indonesia Tahun 2011-2015
No. Kode Nama Perusahaan IPO 2011 2012 2013 2014 2015
1 SMBR Semen Baturaja Tbk 28-06-2013 × × O O O
2 WTON Wijaya Karya Beton
Tbk 08-04-2014 × × × O O
3 ISSP Steel Pipe Industry of
Indonesia Tbk 22-02-2013 × × O O O
4 IMPC Impack Pratama
Industri Tbk 17-12-2014 × × × O O
5 TALF Tunas Alfin Tbk 12-02-2001 × × × O O
6 DAJK Dwi Aneka Jaya
Kemasindo Tbk 14-05-2014 × × × O O
7 KRAH Grand Kartech Tbk 28-11-2013 × × O O O
8 SRIL Sri Rejeki Isman Tbk 17-06-2013 × × O O O 9 TRIS Trisula International
Tbk 28-06-2012 × O O O O
10 SKBM Sekar Bumi Tbk 05-01-1993 × O O O O
11 ALTO Tri Banyan Tirta Tbk 10-07-2012 × O O O O 12 WIIM Wismilak Inti
Makmur Tbk 18-11-2012 × O O O O
13 SIDO
Industri Jamu dan Farmasi Sido Muncul Tbk
13-12-2013 × × O O O
14 CINT Chitose Internasional
Tbk 27-06-2014 × × × O O
15 BAJA Saranacentral
Bajatama Tbk 21-12-2011 × O O O O
(11)
Lampiran 4
Perusahaan Manufaktur yang Tidak Mempublikasikan Laporan Keuangan Secara Lengkap di Bursa Efek Indonesia Tahun 2011-2015
No Kode 2011 2012 2013 2014 2015
1 AISA O O O × O
2 ETWA O O O O ×
3 SIAP O O O O ×
4 SOBI O O O O ×
5 SQBB × O O O O
6 UNTX × × × × ×
(12)
84
Lampiran 5
Perusahaan Manufaktur yang Memublikasikan Laporan Keuangan menggunakan Mata Amerika Serikat (US$) di Bursa Efek Indonesia Tahun 2011-2015
No Kode 2011 2012 2013 2014 2015
1 BRAM × O O O O
2 CTBN O O O O O
3 ESTI × O O O O
4 GDYR O O O O O
5 INDR O O O O O
6 INKP O O O O O
7 IPOL × O O O O
8 KRAS × O O O O
9 MASA × O O O O
10 NIKL × O O O O
11 PTSN × O O O O
12 TBMS × O O O O
13 TKIM O O O O O
14 TPIA O O O O O
15 UNIC O O O O O
16 IKBI × O O O O
17 PBRX × × O O O
(13)
Lampiran 6
Perusahaan Manufaktur yang Konsisten Tidak Membayar Dividen di Bursa Efek Indonesia Tahun 2011-2015
No Kode 2011 2012 2013 2014 2015
1 ADES × × × × ×
2 ADMG × × × × ×
3 AKKU × × × × ×
4 ALKA × × × × ×
5 ARGO × × × × ×
6 BIMA × × × × ×
7 BRPT × × × × ×
8 CNTX × × × × ×
9 ERTX × × × × ×
10 FPNI × × × × ×
11 GDST × × × × ×
12 HDTX × × × × ×
13 IKAI × × × × ×
14 INCI × × × × ×
15 INRU × × × × ×
16 JKSW × × × × ×
17 JPRS × × × × ×
18 KBRI × × × × ×
19 KDSI × × × × ×
20 KICI × × × × ×
21 LMPI × × × × ×
22 LPIN × × × × ×
23 MLIA × × × × ×
24 MYTX × × × × ×
25 NIPS × × × × ×
26 PICO × × × × ×
27 POLY × × × × ×
28 PRAS × × × × ×
29 PSDN × × × × ×
30 PYFA × × × × ×
31 RMBA × × × × ×
32 SCPI × × × × ×
33 SIMA × × × × ×
34 SRSN × × × × ×
35 SSTM × × × × ×
36 STAR × × × × ×
(14)
86
38 SULI × × × × ×
39 TFCO × × × × ×
40 TIRT × × × × ×
41 UNIT × × × × ×
42 YPAS × × × × ×
(15)
Lampiran 7
Perusahaan Manufaktur yang Membayar Dividen dengan Mata Uang Indonesia (Rupiah) di Bursa Efek Indonesia Tahun 2011-2015
NO KODE 2011 2012 2013 2014 2015
1 INTP 967.786.000.000 1.078.354.000.000 1.658.442.000.000 3.312.009.000.000 4.968.028.000.000 2 SMCB 353.730.000.000 490.608.000.000 651.229.000.000 666.672.000.000 236.903.000.000 3 SMGR 1.472.581.786.000 1.962.720.885.00 2.181.263.329.000 2.416.611.132.000 2.226.339.939.000 4 AMFG 34.720.000.000 34.720.000.000 34.720.000.000 34.720.000.000 34.720.000.000 5 ARNA 27.530.366.166 36.707.154.880 73.414.309.760 117.462.895.616 88.097.171.712
6 KIAS - - 3.522.369.110 22.163.027.930 22.681.147.363
7 TOTO 73.774.070.144 99.076.072.973 97.615.308.360 148.219.335.698 115.228.630.388
8 ALMI 21.437.607.508 15.330.006.788 6.134.875.321 12.266.479.613 -
9 BTON - 3.600.000.000 - - 3.600.000.000
10 INAI - - 7.920.000.000 2.534.400.000 11.088.000.000
11 LION 10.204.577.000 15.332.542.500 20.557.419.062 20.525.197.750 20.486.754.000 12 LMSH 467.731.875 700.925.450 1.123.104.535 2.158.305.750 801.875.450
13 BUDI 438.858.000 - - - -
14 DPNS 3.033.411.045 - 4.550.539.979 6.054.353.979 4.540.310.892
15 EKAD 4.472.160.000 4.743.812.859 5.386.394.863 6.650.898.969 6.050.347.212
16 AKPI - - - 10.408.218.000 4.897.986.000
17 APLI 30.000.000.000 - - - -
18 BRNA 12.330.633.000 12.252.877.000 15.733.992.000 - -
19 IGAR 48.435.607.389 91.546.184.457 38.757.163.920 9.688.367.980 - 20 TRST 61.846.747.657 55.902.643.125 29.569.530.957 14.022.810.698 13.967.383.751 21 CPIN 652.640.000.000 688.716.000.000 754.308.000.000 754.308.000.000 294.164.000.000 22 JPFA 756.182.000.000 159.604.000.000 212.804.000.000 106.402.000.000 - 23 MAIN 38.985.000.000 42.375.000.000 61.020.000.000 35.820.000.000 -
24 SIPD 9.212.449.313 9.212.411.791 - - -
25 ALDO - - - 825.000.000 -
26 FASW 141.239.660.859 - - - 37.168.331.805
27 SPMA - 11.901.765.186 - -
28 ASII 6.999.000.000.000 8.253.000.000.000 8.659.000.000.000 8.739.000.000.000 8.739.000.000.000 29 AUTO 448.202.000.000 314.226.000.000 544.987.000.000 439.535.000.000 238.899.000.000 30 GJTL 44.622.000.000 34.770.000.000 93.873.000.000 34.799.000.000 34.721.000.000
31 IMAS - - 84.311.716.713 61.775.370.617 43.393.125.099
32 INDS 32.899.219 35.389.916.000 147.120.640.588 51.661.199.915 35.538.750.580 33 SMSM 115.173.509.385 187.156.951.800 122.371.853.100 223.149.000.000 179.959.000.000
34 RICY - 2.566.870.040 - 2.566.870.040 2.566.870.040
35 BATA 30.705.408.000 32.612.074.000 30.894.025.000 38.862.117.000 6.646.555.000
36 JECC - 16.632.000.000 17.121.832.000 - 9.072.000.000
(16)
88
38 KBLM 1.503.837.156 - - - -
39 SCCO 17.846.243.926 36.754.981.001 51.280.429.930 30.630.281.214 41.065.704.282
40 VOKS - 39.626.427.449 41.725.807.952 - -
41 CEKA - - - 29.650.570.000 -
42 DLTA 171.895.005.000 187.830.906.000 191.869.037.000 144.831.127.000 156.878.293.000 43 ICBP 716.457.000.000 1.017.567.000.000 1.124.557.000.000 1.128.410.000.000 1.320.458.000.000 44 INDF 1.167.798.000.000 1.536.575.000.000 1.624.380.000.000 1.246.821.000.000 1.931.694.000.000 45 MLBI 446.940.000.000 651.311.000.000 505.528.000.000 1.219.895.000.000 289.971.000.000 46 MYOR 99.655.920.000 99.655.920.000 182.714.320.000 205.700.037.470 149.095.678.240 47 ROTI 24.943.781.094 28.983.133.261 37.285.218.800 15.792.816.001 27.991.754.000 48 SKLT 1.381.481.000 1.381.481.000 2.072.221.500 2.762.962.000 3.453.702.500 49 GGRM 1.727.450.000.000 1.924.088.000.000 1.539.270.000.000 1.539.270.000.000 1.539.270.000.000 50 HMSP 12.053.250.000.000 6.793.650.000.000 9.945.027.000.000 10.650.690.000.000 12.250.485.000.000 51 DVLA 33.600.000.000 35.280.000.000 52.640.000.000 24.640.000.000 78.114.771.000
52 INAF - - 4.238.511.498 - -
53 KAEF 46.276.979.624 34.352.788.065 30.769.803.148 53.855.793.068 46.925.135.841 54 KLBF 549.527.564.394 890.627.320.090 890.627.320.090 796.877.075.870 890.627.320.090 55 MERK 99.810.638.000 185.699.699.000 79.356.638.000 139.752.919.000 219.760.581.000 56 TSPC 215.251.540.000 260.838.811.350 260.777.123.850 223.762.109.952 261.013.141.350
57 MBTO 10.700.000.000 10.700.000.000 - - -
58 MRAT 4.883.480.000 6.966.958.633 7.072.700.000 - -
59 TCID 68.308.842.927 74.347.430.785 74.341.891.784 74.340.910.433 78.288.848.499 60 UNVR 4.519.907.000.000 4.537.777.000.000 5.058.527.000.000 5.126.717.000.000 5.592.332.000.000
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Lampiran 8
Laba Bersih Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2011-2015
Kode Laba Bersih
Perusahaan 2011 2012 2013 2014 2015
INTP 3,601,516,000,000 4,763,388,000,000 5,012,294,000,000 5,274,009,000,000 4,356,661,000,000 SMCB 1,063,560,000,000 1,350,791,000,000 952,305,000,000 668,869,000,000 199,488,000,000 SMGR 3,955,272,512,000 4,926,639,847,000 5,354,298,521,000 5,573,577,279,000 4,525,441,038,000 AMFG 336,995,000,000 346,609,000,000 338,358,000,000 458,635,000,000 341,346,000,000 ARNA 95,949,405,045 158,684,349,130 237,697,913,883 261,879,784,046 71,209,943,348 KIAS -20,240,243,616 71,039,439,692 75,360,306,268 92,239,403,158 163,719,244,899 TOTO 218,124,016,284 235,945,643,357 236,557,513,162 293,803,908,949 285,236,780,659 ALMI 32,374,760,744 13,949,141,063 26,118,732,307 3,664,436,757 -53,613,905,767 BTON 19,146,696,476 24,761,627,150 25,882,922,986 7,630,330,090 6,323,778,025 INAI 26,356,889,656 23,155,488,541 5,019,540,731 22,058,700,759 28,615,673,167 LION 52,535,147,701 85,373,721,654 64,761,350,816 49,001,630,102 46,018,637,487 LMSH 10,897,341,682 41,282,515,026 14,382,899,194 7,403,115,436 1,944,443,395 BUDI 62,965,000,000 5,084,000,000 42,886,000,000 28,499,000,000 21,072,000,000 DPNS -6,641,710,478 20,608,530,035 66,813,230,321 14,519,866,284 9,859,176,172 EKAD 26,148,879,995 36,197,747,370 39,450,652,821 40,756,078,282 47,040,256,456 AKPI 52,852,629,000 31,115,755,000 34,620,336,000 34,690,704,000 27,644,714,000 APLI 21,922,731,031 4,203,700,813 1,881,586,263 9,626,571,647 1,854,274,736 BRNA 43,796,464,000 54,496,290,000 -12,219,421,000 56,998,824,000 -7,159,572,000 IGAR 55,322,166,080 44,507,701,367 35,030,416,158 54,898,874,758 51,416,184,307 TRST 144,001,061,809 56,152,352,219 56,152,352,219 106,168,729,626 88,746,155,513 CPIN 2,362,497,000,000 2,680,872,000,000 2,528,690,000,000 1,746,644,000,000 1,832,598,000,000 JPFA 671,474,000,000 1,074,577,000,000 640,637,000,000 384,846,000,000 524,484,000,000 MAIN 204,966,319,000 302,421,030,000 241,632,645,000 -84,778,033,000 -62,097,227,000 SIPD 23,452,266,464 15,061,473,532 8,377,508,652 2,064,055,454 -362,030,918,107 ALDO 7,916,661,975 12,424,789,394 22,589,101,552 21,061,034,612 24,079,122,338 FASW 132,338,923,785 5,292,462,870 -249,057,875,558 86,745,854,950 -308,896,601,295 SPMA 751,461,582,842 779,492,563,307 755,534,570,205 803,600,054,999 752,677,119,911 ASII 21,077,000,000,000 22,742,000,000,000 22,297,000,000,000 22,125,000,000,000 15,613,000,000,000 AUTO 1,101,583,000,000 1,135,914,000,000 1,058,015,000,000 956,409,000,000 322,701,000,000 GJTL 683,629,000,000 1,132,247,000,000 120,330,000,000 269,868,000,000 -313,326,000,000 IMAS 970,891,331,743 899,090,885,530 621,139,761,829 -67,093,347,900 -22,489,430,531 INDS 120,415,120,240 134,068,283,255 147,608,449,013 127,657,349,869 1,933,819,152 SMSM 219,260,485,960 268,543,331,492 350,777,803,941 421,467,000,000 461,307,000,000 RICY 12,209,645,239 16,978,453,066 4,840,205,736 15,111,531,641 13,465,713,464 BATA 56,615,123,000 69,343,398,000 44,373,679,000 70,781,440,000 129,519,446,000 JECC 28,783,306,000 32,010,770,000 22,928,551,000 23,694,710,000 210,434,540,000 KBLM 19,002,962,627 23,833,078,478 7,678,095,359 20,623,713,329 12,760,365,612 SCCO 109,826,481,329 169,741,648,691 104,962,314,423 137,618,900,727 159,119,646,125 VOKS 110,621,028,048 147,020,574,291 39,092,753,172 -85,393,833,586 277,107,966 KBLI 63,703,601,791 125,181,635,828 73,530,280,777 70,080,135,740 115,371,098,970 CEKA 96,305,943,766 58,344,237,476 64,871,947,610 39,026,238,204 102,342,342,230 DLTA 151,715,042,000 213,421,077,000 270,498,062,000 287,456,867,000 191,304,463,000 ICBP 2,066,365,000,000 2,282,371,000,000 2,233,291,000,000 2,531,681,000,000 2,923,148,000,000 INDF 4,891,673,000,000 4,779,446,000,000 3,414,886,000,000 4,401,080,000,000 3,231,713,000,000 MLBI 507,382,000,000 153,856,000,000 1,171,229,000,000 794,883,000,000 496,909,000,000 MYOR 483,486,152,677 744,428,404,309 1,058,418,939,252 409,618,689,484 1,250,233,128,560 ROTI 115,932,533,042 149,149,548,025 158,015,270,921 188,577,521,074 270,538,700,440 SKLT 5,976,790,919 7,962,693,771 11,440,014,188 16,480,714,984 20,066,791,849 GGRM 4,958,102,000,000 4,068,711,000,000 4,383,932,000,000 5,325,317,000,000 6,458,516,000,000 HMSP 8,051,057,000,000 9,805,421,000,000 10,807,957,000,000 10,014,995,000,000 10,355,007,000,000 DVLA 120,915,340,000 148,909,089,000 125,796,473,000 81,109,862,000 104,177,380,000 INAF 36,969,902,506 42,385,114,982 -54,222,595,302 1,164,824,606 5,006,864,360
(18)
90
KAEF 171,763,175,754 205,763,997,378 215,642,329,977 236,531,070,864 187,943,098,802 KLBF 1,522,956,820,292 1,775,098,847,932 1,970,452,449,686 2,121,090,581,630 2,057,694,281,873 MERK 231,158,647,000 107,808,155,000 175,444,757,000 181,472,234,000 142,545,462,000 TSPC 586,362,346,430 635,176,093,653 638,535,108,795 585,790,816,012 529,218,651,807 MBTO 42,659,406,355 45,523,078,819 16,162,858,075 2,925,070,199 -14,056,549,894 MRAT 27,867,834,532 30,751,407,882 -6,700,373,076 7,371,973,842 1,045,990,311 TCID 140,038,819,641 150,373,851,969 160,148,465,833 174,314,394,101 544,474,278,014 UNVR 4,164,304,000,000 4,839,145,000,000 5,352,625,000,000 5,926,720,000,000 5,851,805,000,000
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Lampiran 9
Total Aset Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2011-2015
Kode Total Aset
Perusahaan 2011 2012 2013 2014 2015
INTP 18,151,331,000,000 22,755,160,000,000 26,607,241,000,000 28,884,973,000,000 27,638,360,000,000 SMCB 10,950,501,000,000 12,168,517,000,000 14,894,990,000,000 17,195,352,000,000 17,321,565,000,000 SMGR 19,661,602,767,000 26,579,083,786,000 30,792,884,092,000 34,314,666,027,000 38,153,118,932,000 AMFG 2,690,595,000,000 3,115,421,000,000 3,539,393,000,000 3,918,391,000,000 4,270,275,000,000 ARNA 831,507,593,676 937,359,770,277 1,135,244,802,060 1,259,175,442,875 1,430,779,475,454 KIAS 2,049,632,940,571 2,143,814,884,435 2,270,904,910,518 2,352,542,603,065 2,124,390,695,519 TOTO 1,339,570,029,820 1,522,663,914,388 1,746,177,682,568 2,027,288,693,678 2,439,540,859,205 ALMI 1,791,523,164,727 1,881,568,513,922 2,752,078,229,707 3,212,438,981,224 2,189,037,586,057 BTON 118,715,558,433 145,100,528,067 176,136,296,407 174,157,547,015 183,116,245,288 INAI 544,282,443,363 612,224,219,835 765,881,409,376 897,281,657,710 1,330,259,296,537 LION 365,815,749,593 433,497,042,140 498,567,897,161 600,102,716,315 639,330,150,373 LMSH 98,019,132,648 128,547,715,366 141,697,598,705 139,915,598,255 133,782,751,041 BUDI 2,123,285,000,000 2,299,672,000,000 2,382,875,000,000 2,476,982,000,000 3,265,953,000,000 DPNS 172,322,620,690 184,636,344,559 256,372,669,050 268,877,322,944 274,483,110,371 EKAD 237,592,308,314 273,893,467,429 343,601,504,089 411,348,790,570 389,691,595,500 AKPI 1,523,749,531,000 1,714,834,430,000 2,084,567,189,000 2,227,042,590,000 2,883,143,132 APLI 333,352,457,870 333,867,300,446 303,594,490,546 273,126,657,794 308,620,387,248 BRNA 643,963,801,000 770,383,930,000 1,125,132,715,000 1,334,085,916,000 1,820,783,911,000 IGAR 355,579,996,944 312,342,760,278 314,746,644,499 349,894,783,575 383,936,040,590 TRST 2,132,449,783,092 2,188,129,039,119 3,260,919,505,192 3,261,285,495,052 3,357,359,499,954 CPIN 8,848,204,000,000 12,348,627,000,000 15,722,197,000,000 20,862,439,000,000 24,684,915,000,000 JPFA 8,266,417,000,000 10,961,464,000,000 14,917,590,000,000 15,730,435,000,000 17,159,466,000,000 MAIN 1,327,801,184,000 1,799,881,575,000 2,214,398,692,000 3,531,219,815,000 3,962,068,064,000 SIPD 2,641,602,932,160 3,298,123,574,771 3,155,680,394,480 2,800,914,553,878 2,246,770,166,899 ALDO 164,620,644,025 184,896,742,887 301,479,232,221 356,814,265,668 366,010,819,198 FASW 4,936,093,736,569 5,578,334,207,456 5,692,060,407,681 5,581,000,723,345 6,993,634,266,969 SPMA 1,551,777,407,073 1,664,353,264,549 1,767,105,818,949 2,091,957,078,669 2,185,464,365,772 ASII 153,521,000,000,000 182,274,000,000,000 213,994,000,000,000 236,029,000,000,000 245,435,000,000,000 AUTO 6,964,227,000,000 8,881,642,000,000 12,617,678,000,000 14,380,926,000,000 14,339,110,000,000 GJTL 11,554,143,000 12,869,793,000 15,350,754,000 16,042,897,000 17,509,505,000 IMAS 12,913,941,646,042 17,577,664,024,361 22,315,022,507,630 23,471,397,834,920 24,860,957,839,497 INDS 1,139,715,256,754 1,664,779,358,215 2,196,518,364,473 2,282,666,078,493 2,553,928,346,219 SMSM 1,136,857,942,381 1,441,204,473,590 1,701,103,245,176 1,749,395,000,000 2,220,108,000,000 RICY 642,094,672,040 842,498,674,322 869,226,313,138 1,170,752,424,106 1,198,193,867,892 BATA 516,649,305,000 574,107,994,000 680,685,060,000 774,891,087,000 795,257,974,000 JECC 627,037,935,000 708,955,186,000 1,239,821,716,000 1,062,476,023,000 1,358,464,081,000 KBLM 642,954,768,386 722,941,339,245 654,296,256,935 647,696,853,298 654,385,717,061 SCCO 1,455,620,557,037 1,486,912,371,360 1,762,032,300,123 1,656,007,190,010 1,773,144,328,632 VOKS 1,573,039,162,237 1,698,078,355,471 1,955,830,321,070 1,553,904,599,142 1,536,244,634,556 KBLI 1,083,523,642,816 1,161,698,219,225 1,337,022,291,951 1,337,351,473,763 1,551,799,840,976 CEKA 823,360,918,368 1,027,692,718,504 1,069,627,299,747 1,284,150,037,341 1,485,826,210,015 DLTA 696,166,676,000 745,306,835,000 867,040,802,000 997,443,167,000 1,038,321,916,000 ICBP 15,222,857,000,000 17,753,480,000,000 21,267,470,000,000 24,910,211,000,000 26,560,624,000,000 INDF 53,585,933,000,000 59,324,207,000,000 78,092,789,000,000 85,938,885,000,000 91,831,526,000,000 MLBI 1,220,813,000,000 1,152,048,000,000 1,782,148,000,000 2,231,051,000,000 2,100,853,000,000 MYOR 6,599,845,533,328 8,302,506,241,903 9,709,838,250,473 10,297,997,020,540 11,342,715,686,221 ROTI 759,136,918,500 1,204,944,681,223 1,822,689,047,108 2,142,894,276,216 2,706,323,637,034 SKLT 214,237,879,424 249,746,467,756 301,989,488,699 331,574,891,637 377,110,748,359 GGRM 39,088,705,000,000 41,509,325,000,000 50,770,251,000,000 58,234,278,000,000 63,505,413,000,000 HMSP 19,376,343,000,000 26,247,527,000,000 27,404,594,000,000 28,380,630,000,000 38,010,724,000,000
(20)
92
DVLA 928,290,993,000 1,074,691,476,000 1,190,054,228,000 1,241,239,780,000 1,376,278,237,000 INAF 1,114,901,669,774 1,188,618,790,410 1,294,510,669,195 1,248,343,275,406 1,533,708,564,241 KAEF 1,794,242,423,105 2,076,347,580,785 2,471,939,548,890 2,968,184,626,297 3,236,224,076,311 KLBF 8,274,554,112,840 9,417,957,180,958 11,315,061,275,026 12,425,032,367,729 13,696,417,381,439 MERK 584,388,578,000 569,430,951,000 696,946,318,000 716,599,526,000 641,646,818,000
TSPC 4,250,374,395,321 4,632,984,970,719 5,407,957,915,805 5,609,556,653,195 6,284,729,099,203 MBTO 541,673,841,000 609,494,013,942 611,769,745,328 619,383,082,066 648,899,377,240 MRAT 422,493,037,089 455,472,778,210 439,583,727,202 498,786,376,745 497,090,038,108 TCID 1,130,865,062,422 1,261,572,952,461 1,465,952,460,752 1,853,235,343,636 2,082,096,848,703 UNVR 10,482,312,000,000 11,984,979,000,000 13,348,188,000,000 14,280,670,000,000 15,729,945,000,000
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Lampiran 10
Saldo Kas Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2011-2015
Kode Saldo Kas
Perusahaan 2011 2012 2013 2014 2015
INTP 6,864,567,000,000 10,474,126,000,000 12,595,187,000,000 11,256,129,000,000 8,655,562,000,000 SMCB 1,127,482,000,000 555,785,000,000 375,565,000,000 214,570,000,000 638,335,000,000 SMGR 3,375,645,424,000 3,022,124,696,000 4,070,492,871,000 4,925,949,551,000 3,964,018,180,000 AMFG 586,851,000,000 648,021,000,000 861,619,000,000 1,107,411,000,000 931,761,000,000 ARNA 10,036,563,669 45,047,439,149 32,139,868,157 47,235,005,563 5,104,533,709 KIAS 70,564,530,308 154,613,995,193 289,690,622,294 220,526,665,794 54,773,279,911 TOTO 213,979,486,745 200,150,537,826 252,491,009,837 84,043,058,194 167,008,027,010 ALMI 99,135,233,633 47,687,508,876 27,850,189,137 51,502,003,307 31,773,447,971 BTON 132,738,880 50,613,832,135 65,982,811,683 70,974,189,441 112,630,703,156 INAI 3,495,948,690 4,187,699,666 17,078,141,406 16,469,279,608 101,855,309,097 LION 365,815,749,593 202,359,152,678 203,832,669,561 173,492,110,768 202,395,371,009 LMSH 6,217,476,683 34,442,499,058 41,044,269,806 42,978,250,961 40,332,082,742 BUDI 126,782,000,000 98,726,000,000 53,440,000,000 34,885,000,000 30,782,000,000 DPNS 44,487,214,905 44,932,029,262 67,041,602,624 69,675,743,234 101,814,991,509 EKAD 7,056,318,590 6,427,674,775 9,840,519,275 13,222,553,628 49,519,815,569 AKPI 96,625,992,000 53,591,676,000 84,559,425,000 63,189,157,000 44,073,695,000 APLI 34,563,701,662 7,986,209,358 38,871,839,096 673,291,474 4,807,616,248 BRNA 39,517,297,000 43,733,397,000 73,003,111,000 107,951,932,000 91,619,292,000 IGAR 137,854,265,974 50,180,362,827 16,563,370,745 17,659,223,755 64,275,870,695 TRST 56,152,352,219 44,289,307,964 46,831,446,939 102,528,695,703 73,794,484,322 CPIN 876,198,000,000 954,694,000,000 1,146,852,000,000 768,493,000,000 1,679,273,000,000 JPFA 827,444,000,000 872,441,000,000 1,745,963,000,000 768,461,000,000 901,207,000,000 MAIN 87,179,472,000 90,563,059,000 82,819,072,000 310,112,433,000 524,520,990,000 SIPD 50,729,456,147 85,868,301,829 31,232,669,920 150,815,449,838 54,384,366,148 ALDO 4,738,971,003 5,119,824,303 7,466,541,491 9,410,876,110 8,658,473,828 FASW 42,218,367,909 72,870,958,343 60,986,237,039 80,305,658,406 63,784,160,640 SPMA 29,713,402,072 40,594,632,806 20,287,265,423 47,925,923,178 46,258,913,361 ASII 13,071,000,000,000 10,909,000,000,000 18,555,000,000,000 20,728,000,000,000 27,072,000,000,000 AUTO 365,399,000,000 651,750,000,000 1,472,322,000,000 1,264,974,000,000 948,276,000,000 GJTL 586,720,000 904,547,000 1,998,591,000 957,144,000 641,916,000 IMAS 1,609,296,007,519 1,135,008,227,858 1,121,533,488,722 1,134,230,117,524 1,322,870,114,218 INDS 110,489,365,559 66,142,222,074 321,719,045,963 84,727,497,525 83,992,495,928 SMSM 16,616,294,713 59,381,305,253 93,398,584,508 75,860,000,000 122,963,000,000 RICY 22,746,807,926 57,623,502,604 36,201,396,581 36,748,589,318 51,509,256,079 BATA 11,628,489,000 9,444,567,000 3,287,272,000 4,035,526,000 32,366,700,000 JECC 41,545,531,000 28,091,837,000 5,499,386,000 3,411,046,000 70,944,918,000 KBLM 12,893,308,349 7,320,204,639 18,602,014,545 34,219,353,693 6,747,985,842 SCCO 289,192,960,769 260,477,920,280 294,288,327,732 116,093,710,278 340,056,100,822 VOKS 132,922,679,125 156,850,174,509 98,190,561,686 33,328,783,565 78,857,548,545 KBLI 107,029,566,722 68,423,723,549 60,445,532,466 26,160,906,067 20,883,774,928 CEKA 11,919,883,240 15,549,345,856 29,612,543,285 27,712,622,461 10,820,166,513 DLTA 246,669,486,000 290,769,171,000 433,776,477,000 415,161,151,000 494,886,246,000 ICBP 4,377,793,000,000 5,358,922,000,000 5,378,688,000,000 7,225,802,000,000 7,543,475,000,000 INDF 13,006,197,000,000 13,217,630,000,000 13,518,710,000,000 14,157,805,000,000 12,962,041,000,000 MLBI 248,409,000,000 99,129,000,000 145,511,000,000 145,951,000,000 344,615,000,000 MYOR 325,316,689,037 1,339,570,311,638 1,860,492,328,823 712,922,612,494 1,682,075,365,772 ROTI 48,397,360,886 37,871,639,602 101,142,256,234 162,584,129,984 515,237,282,682 SKLT 9,373,299,679 -22,510,765,147 -30,565,358,135 -44,801,919,573 -49,614,252,750 GGRM 1,094,895,000,000 571,449,000,000 1,175,317,000,000 1,240,312,000,000 1,264,702,000,000 HMSP 2,070,123,000,000 405,186,000,000 657,276,000,000 -25,572,000,000 1,718,738,000,000 DVLA 256,481,388,000 292,912,491,000 316,700,623,000 321,856,855,000 422,259,085,000 INAF 133,417,373,006 194,902,805,973 121,432,026,244 135,754,602,477 313,472,666,666
(22)
94
KAEF 199,385,754,109 316,497,879,806 394,149,909,832 573,360,267,681 460,994,073,484 KLBF 2,289,700,859,692 1,829,015,133,005 1,356,186,110,248 1,819,421,532,492 2,057,694,281,873 MERK 253,731,456,000 143,551,868,000 184,226,649,000 257,411,689,000 140,831,570,000 TSPC 1,608,818,728,324 1,651,451,019,395 1,792,221,819,763 1,460,372,816,467 1,736,027,664,442 MBTO 189,419,330,218 119,507,444,101 47,589,357,527 41,256,538,369 30,922,884,864 MRAT 63,710,521,871 59,560,929,387 55,331,076,348 36,038,513,893 36,273,186,840 TCID 89,862,335,910 134,940,399,040 73,824,541,258 95,091,166,887 219,669,986,396 UNVR 336,143,000,000 229,690,000,000 261,202,000,000 859,127,000,000 628,159,000,000
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Lampiran 11
Total Liabillitas Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2011-2015
KODE HUTANG
PERUSAHAAN 2011 2012 2013 2014 2015
INTP 2,417,380,000,000 3,336,422,000,000 3,629,554,000,000 4,100,172,000,000 3,772,410,000,000 SMCB 3,423,241,000,000 3,750,461,000,000 6,122,043,000,000 8,436,760,000,000 8,871,708,000,000 SMGR 5,046,505,788,000 8,414,229,138,000 8,988,908,217,000 9,312,214,091,000 10,712,320,531,000 AMFG 545,395,000,000 658,332,000,000 778,666,000,000 733,749,000,000 880,052,000,000 ARNA 348,334,308,520 332,551,590,871 366,754,918,531 346,944,901,743 536,050,998,398 KIAS 975,648,951,284 168,491,645,792 223,804,349,608 235,745,579,997 310,906,059,952 TOTO 579,028,772,664 624,499,013,875 710,527,268,893 796,096,371,054 947,997,940,099 ALMI 1,274,907,058,776 1,293,685,492,896 2,094,736,673,254 2,571,403,202,989 1,623,926,585,475 BTON 26,590,615,175 31,921,571,823 37,318,882,613 27,517,328,111 34,011,648,533 INAI 438,219,669,509 483,005,957,440 639,563,606,250 751,439,553,825 1,090,438,393,880 LION 63,755,284,220 61,667,655,113 82,783,559,318 156,123,759,272 184,730,654,202 LMSH 40,816,452,492 31,022,520,184 31,229,504,329 23,964,388,443 21,341,373,897 BUDI 1,312,254,000,000 1,445,537,000,000 1,497,754,000,000 1,563,631,000,000 2,160,702,000,000 DPNS 41,153,432,429 28,939,822,487 32,944,704,261 32,794,800,672 33,187,031,327 EKAD 89,946,780,063 81,915,660,390 105,893,942,734 138,149,558,606 97,730,178,889 AKPI 783,584,965,000 871,567,714,000 1,055,230,963,000 1,191,196,937,000 1,775,577,239 APLI 111,969,959,294 115,231,507,057 85,871,301,621 47,868,731,692 87,059,306,497 BRNA 389,457,125,000 468,553,998,000 819,251,536,000 967,711,101,000 992,869,623,000 IGAR 64,993,639,171 70,313,908,037 89,003,869,709 86,443,556,430 73,471,782,127 TRST 806,029,152,803 835,136,579,731 56,152,352,219 1,504,845,098,173 1,400,438,809,900 CPIN 2,658,734,000,000 4,172,163,000,000 5,771,297,000,000 9,919,150,000,000 12,123,488,000,000 JPFA 4,481,070,000,000 6,198,137,000,000 9,672,368,000,000 10,440,441,000,000 11,049,774,000,000 MAIN 905,976,670,000 1,118,011,031,000 1,351,915,503,000 2,453,334,659,000 2,413,482,767,000 SIPD 1,370,530,530,045 2,021,380,807,617 1,870,560,118,674 1,513,908,338,484 1,512,527,888,605 ALDO 82,739,679,642 90,590,989,110 161,595,933,059 197,391,610,046 195,081,792,385 FASW 3,134,396,282,692 3,771,344,290,709 4,134,128,366,492 3,936,322,827,206 4,548,288,087,745 SPMA 800,315,824,231 884,860,701,242 1,011,571,248,744 1,287,357,023,670 1,390,005,205,106 ASII 77,683,000,000,000 92,460,000,000,000 107,806,000,000,000 115,705,000,000,000 118,902,000,000,000 AUTO 2,241,333,000,000 3,396,543,000,000 3,058,924,000,000 4,244,369,000,000 4,195,684,000,000 GJTL 7,123,318,000 7,391,409,000 9,626,411,000 10,059,605,000 12,115,363,000 IMAS 7,829,760,170,144 11,869,218,951,856 15,655,152,396,933 16,744,375,200,010 18,163,865,982,392 INDS 507,466,203,524 528,206,496,386 443,652,749,965 454,347,526,616 634,889,428,231 SMSM 466,245,600,402 620,875,870,082 694,304,234,869 602,558,000,000 779,860,000,000 RICY 291,842,821,653 475,541,284,698 497,223,323,456 774,439,342,861 798,114,824,380 BATA 162,169,217,000 186,619,508,000 283,831,895,000 345,775,482,000 248,070,766,000 JECC 499,540,912,000 566,079,393,000 904,922,914,000 891,120,969,000 990,707,822,000 KBLM 398,590,636,625 258,195,274,791 384,632,097,122 357,408,981,156 357,910,337,055 SCCO 936,368,362,997 832,876,706,628 1,054,421,170,969 846,052,863,354 850,791,824,810 VOKS 1,076,393,659,746 1,095,012,302,724 1,354,581,302,107 1,038,049,413,765 1,026,591,706,684 KBLI 363,596,917,064 316,557,195,204 450,372,591,220 396,594,755,312 524,437,909,934 CEKA 418,302,169,536 564,289,732,196 541,352,365,829 746,598,865,219 845,932,695,663 DLTA 123,231,249,000 147,095,322,000 190,482,809,000 237,047,063,000 188,700,435,000 ICBP 4,513,084,000,000 5,766,682,000,000 8,001,739,000,000 9,870,264,000,000 10,173,713,000,000 INDF 21,975,708,000,000 25,181,533,000,000 39,719,660,000,000 44,710,509,000,000 48,709,933,000,000 MLBI 690,185,000,000 822,195,000,000 794,615,000,000 1,677,254,000,000 1,334,373,000,000 MYOR 4,175,176,240,894 5,234,655,914,665 5,771,077,430,823 6,220,960,735,713 6,148,255,759,034 ROTI 212,695,735,714 538,337,083,673 1,035,351,397,437 1,182,771,921,472 1,517,788,685,162 SKLT 91,337,531,247 120,263,906,808 162,339,135,063 178,206,785,017 225,066,080,248 GGRM 14,537,777,000,000 14,903,612,000,000 21,353,980,000,000 25,099,875,000,000 25,497,504,000,000 HMSP 9,174,554,000,000 12,939,107,000,000 13,249,559,000,000 14,882,516,000,000 5,994,664,000,000 DVLA 200,373,603,000 233,144,997,000 275,351,336,000 293,785,055,000 402,760,903,000 INAF 505,707,835,106 538,516,613,421 703,717,301,306 656,380,082,912 940,999,667,498
(24)
96
KAEF 541,736,739,279 634,813,891,119 847,584,859,909 1,157,040,676,384 1,374,127,253,841 KLBF 1,758,619,054,414 2,046,313,566,061 2,815,103,309,451 2,607,556,689,283 2,758,131,396,170 MERK 90,206,868,000 152,689,086,000 184,727,696,000 162,908,670,000 168,103,536,000 TSPC 1,204,438,648,313 1,279,828,890,909 1,545,006,061,565 1,527,428,955,386 1,947,588,124,083 MBTO 141,131,522,256 174,931,100,594 160,451,280,610 165,633,948,162 214,685,781,274 MRAT 64,063,972,371 69,586,067,037 61,792,400,163 114,841,797,856 120,064,018,299 TCID 110,452,261,687 164,751,376,547 309,961,770,795 569,730,901,368 367,225,370,670 UNVR 6,801,375,000,000 8,016,614,000,000 9,093,518,000,000 9,534,156,000,000 10,902,585,000,000
(25)
Lampiran 12
Total Ekuitas Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2011-2015
KODE EKUITAS
PERUSAHAAN 2011 2012 2013 2014 2015
INTP 15,733,951,000,000 19,418,738,000,000 22,977,687,000,000 24,784,801,000,000 23,865,950,000,000 SMCB 7,527,260,000,000 8,418,056,000,000 8,772,947,000,000 8,758,592,000,000 8,449,857,000,000 SMGR 14,615,096,979,000 18,164,854,648,000 21,803,975,875,000 25,002,451,936,000 27,440,798,401,000 AMFG 2,145,200,000,000 2,457,089,000,000 2,760,727,000,000 3,184,642,000,000 3,390,223,000,000 ARNA 483,173,285,156 604,808,179,406 768,489,883,529 912,230,541,132 894,728,477,056 KIAS 1,069,983,989,288 1,975,323,238,643 2,047,100,560,910 2,116,797,023,068 1,813,484,636,567 TOTO 760,541,257,156 898,164,900,513 1,035,650,413,675 1,231,192,322,624 1,491,542,919,106 ALMI 516,616,105,951 587,883,021,026 657,341,556,453 641,035,778,235 565,111,000,582 BTON 92,124,943,258 113,178,956,244 138,817,413,794 146,640,218,904 149,104,596,755 INAI 106,062,773,854 129,218,262,395 126,317,803,126 145,842,103,885 239,820,902,657 LION 302,060,465,373 371,829,387,027 415,784,337,843 443,978,957,043 454,599,496,171 LMSH 57,202,680,156 97,525,195,182 110,468,094,376 115,951,209,812 112,441,377,144 BUDI 811,031,000,000 854,135,000,000 885,121,000,000 913,351,000,000 1,105,251,000,000 DPNS 131,169,188,261 155,696,522,072 223,427,964,789 236,082,522,272 241,296,079,044 EKAD 147,645,528,251 191,977,807,039 237,707,561,355 273,199,231,964 291,961,416,611 AKPI 740,164,566,000 843,266,716,000 1,029,336,226,000 1,035,845,653,000 1,107,565,893,000 APLI 221,382,498,576 218,635,793,389 217,723,188,925 225,257,926,102 308,620,387,248 BRNA 254,506,676,000 301,829,932,000 305,881,179,000 366,374,815,000 827,914,288,000 IGAR 290,586,357,773 242,028,852,241 225,742,774,790 263,451,227,145 310,464,258,463 TRST 1,326,420,630,289 1,352,992,459,388 1,709,677,140,374 1,756,440,396,879 1,956,920,690,054 CPIN 8,848,204,000,000 12,348,627,000,000 9,950,900,000,000 10,943,289,000,000 12,561,427,000,000 JPFA 3,785,347,000,000 4,763,327,000,000 5,245,222,000,000 5,289,994,000,000 6,109,692,000,000 MAIN 421,824,514,000 681,870,544,000 862,483,189,000 1,077,885,156,000 1,548,585,297,000 SIPD 1,271,072,402,115 1,276,742,767,154 1,285,120,275,806 1,287,006,215,394 734,242,278,294 ALDO 81,880,964,383 94,305,753,777 159,422,655,622 139,883,299,162 170,929,026,813 FASW 1,801,697,453,877 1,806,989,916,747 1,557,932,041,189 1,644,677,896,139 2,445,346,179,224 SPMA 33,075,990,067 39,893,050,885 -23,856,512,660 48,602,721,399 -42,597,342,144 ASII 75,838,000,000,000 89,814,000,000,000 106,188,000,000,000 120,324,000,000,000 126,533,000,000,000 AUTO 4,722,894,000,000 5,485,099,000,000 9,558,754,000,000 10,136,557,000,000 10,143,426,000,000 GJTL 4,430,825,000 5,478,384,000 5,724,343,000 5,983,292,000 5,394,142,000 IMAS 5,084,181,475,898 5,708,445,072,505 6,659,870,110,697 6,727,022,634,910 6,697,091,857,105 INDS 632,249,053,230 1,136,572,861,829 1,752,865,614,508 1,828,318,551,877 1,919,038,917,988 SMSM 670,612,341,979 820,328,603,508 1,006,799,010,307 1,146,837,000,000 1,440,248,000,000 RICY 350,251,850,387 366,957,389,624 372,002,989,683 396,313,081,245 400,079,043,512 BATA 354,480,088,000 387,488,486,000 396,853,165,000 429,115,605,000 547,187,208,000 JECC 127,497,023,000 142,875,793,000 147,660,344,000 171,355,054,000 367,756,259,000 KBLM 244,364,131,761 264,746,064,454 269,664,159,813 290,287,873,142 296,475,380,006 SCCO 519,252,194,040 654,044,664,731 707,611,129,154 809,954,326,656 922,352,503,822 VOKS 496,645,502,491 603,066,052,747 601,249,018,963 515,855,185,377 509,652,927,872 KBLI 719,926,725,752 845,141,024,021 886,649,700,731 940,756,718,451 1,027,361,931,042 CEKA 405,058,748,832 463,402,986,308 528,274,933,918 537,551,172,122 639,893,514,352 DLTA 572,935,427,000 598,211,513,000 676,557,993,000 760,396,104,000 849,621,481,000 ICBP 10,709,773,000,000 11,986,798,000,000 13,265,731,000,000 15,039,947,000,000 16,386,911,000,000 INDF 31,610,225,000,000 34,142,674,000,000 38,373,129,000,000 41,228,376,000,000 43,121,593,000,000 MLBI 530,628,000,000 329,853,000,000 987,533,000,000 553,797,000,000 766,480,000,000 MYOR 2,424,669,292,434 3,067,850,327,238 3,938,760,819,650 4,077,036,284,827 5,194,459,927,187 ROTI 546,441,182,786 666,607,597,550 787,337,649,671 960,122,354,744 1,188,534,951,872 SKLT 122,900,348,177 129,482,560,948 139,650,353,636 153,368,106,620 152,044,668,111 GGRM 24,550,928,000,000 26,605,713,000,000 29,416,271,000,000 58,234,278,000,000 63,505,413,000,000 HMSP 10,201,789,000,000 13,308,420,000,000 14,155,035,000,000 13,498,114,000,000 32,016,060,000,000 DVLA 727,917,390,000 841,546,479,000 914,702,952,000 947,454,725,000 973,517,334,000 INAF 609,193,834,668 650,102,176,989 590,793,367,889 591,963,192,495 592,708,896,744
(26)
98
KAEF 1,252,505,683,826 1,441,533,689,666 1,624,354,688,981 1,811,143,949,913 1,862,096,822,470 KLBF 6,515,935,058,426 7,371,643,614,897 8,499,957,965,575 9,817,475,678,446 10,938,285,985,269 MERK 494,181,710,000 416,741,865,000 512,218,622,000 553,690,856,000 473,543,282,000 TSPC 3,045,935,747,008 3,353,156,079,810 3,862,951,854,240 4,082,127,697,809 4,337,140,975,120 MBTO 400,542,318,744 434,562,913,348 451,318,464,718 453,749,133,904 434,213,595,966 MRAT 358,429,064,718 385,886,711,173 377,791,327,039 383,944,578,889 377,026,019,809 TCID 1,020,412,800,735 1,096,821,575,914 1,182,990,689,957 1,283,504,442,268 1,714,871,478,033 UNVR 3,680,937,000,000 3,968,365,000,000 4,254,670,000,000 4,746,514,000,000 4,827,360,000,000
(27)
Lampiran 13
Total Lembar Saham Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2011-2015
KODE Jumlah Lembar Saham
PERUSAHAAN 2011 2012 2013 2014 2015
INTP 3,681,231,699 3,681,231,699 3,681,231,699 3,681,231,699 3,681,231,699 SMCB 7,662,900,000 7,662,900,000 7,662,900,000 7,662,900,000 7,662,900,000 SMGR 5,931,520,000 5,931,520,000 5,931,520,000 5,931,520,000 5,931,520,000 AMFG 434,000,000 434,000,000 434,000,000 434,000,000 434,000,000 ARNA 1,835,357,744 1,835,357,744 7,341,430,976 7,341,430,976 7,341,430,976 KIAS 8,000,000,000 14,504,100,000 14,504,100,000 14,504,100,000 14,504,100,000 TOTO 49,536,000 495,360,000 495,360,000 990,720,000 1,032,000,000 ALMI 308,000,000 308,000,000 308,000,000 616,000,000 616,000,000 BTON 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 INAI 158,400,000 158,400,000 158,400,000 316,800,000 316,800,000 LION 52,016,000 52,016,000 52,016,000 52,016,000 52,016,000 LMSH 9,600,000 9,600,000 9,600,000 9,600,000 96,000,000 BUDI 3,783,367,329 4,098,997,362 4,098,997,362 4,098,997,362 4,498,997,362 DPNS 331,129,952 331,129,952 331,129,952 331,129,952 331,129,952 EKAD 698,775,000 698,775,000 698,775,000 698,775,000 698,775,000 AKPI 680,000,000 680,000,000 680,000,000 680,000,000 680,000,000 APLI 1,500,000,000 1,500,000,000 1,500,000,000 1,500,000,000 1,500,000,000 BRNA 690,000,000 690,000,000 690,000,000 690,000,000 759,000,000 IGAR 1,050,000,000 1,050,000,000 972,204,500 972,204,500 972,204,500 TRST 2,808,000,000 2,808,000,000 2,808,000,000 2,808,000,000 2,808,000,000 CPIN 16,398,000,000 16,398,000,000 16,398,000,000 16,398,000,000 16,398,000,000 JPFA 1,489,414,660 1,549,786,582 2,911,590,000 2,911,590,000 2,911,590,000 MAIN 1,695,000,000 1,695,000,000 1,695,000,000 1,791,000,000 2,238,750,000 SIPD 9,391,108,493 9,391,108,493 9,391,108,493 9,391,108,493 939,110,900 ALDO 260,000,000 550,000,000 550,000,000 550,000,000 550,000,000 FASW 2,477,888,787 2,477,888,787 2,477,888,787 2,477,888,787 2,477,888,787 SPMA 1,492,046,658 1,492,046,658 1,492,046,658 1,492,046,658 1,492,046,658 ASII 4,048,355,314 40,483,553,140 40,483,553,140 40,483,553,140 40,483,553,140 AUTO 3,855,786,400 3,855,786,400 4,819,733,000 4,819,733,000 4,819,733,000 GJTL 3,484,800,000 3,484,800,000 3,484,800,000 3,484,800,000 3,484,800,000 IMAS 1,382,639,206 2,765,278,412 2,765,278,412 2,765,278,412 2,765,278,412 INDS 225,000,000 315,000,000 525,000,000 656,249,710 656,249,710 SMSM 1,439,668,860 1,439,668,860 1,439,668,860 1,439,668,860 1,439,668,860 RICY 641,717,510 641,717,510 641,717,510 641,717,510 641,717,510 BATA 13,000,000 13,000,000 1,300,000,000 1,300,000,000 1,300,000,000 JECC 151,200,000 151,200,000 151,200,000 151,200,000 151,200,000 KBLM 1,064,000,000 1,064,000,000 1,064,000,000 1,064,000,000 1,064,000,000 SCCO 205,583,400 205,583,400 205,583,400 205,583,400 205,583,400 VOKS 831,120,519 831,120,519 831,120,519 831,120,519 831,120,519 KBLI 4,007,235,107 4,007,235,107 4,007,235,107 4,007,235,107 4,007,235,107 CEKA 297,500,000 297,500,000 297,500,000 297,500,000 297,500,000 DLTA 16,013,181 16,013,181 16,013,181 16,013,181 800,659,050 ICBP 5,830,954,000 5,830,954,000 5,830,954,000 5,830,954,000 5,830,954,000 INDF 8,780,426,500 8,780,426,500 8,780,426,500 8,780,426,500 8,780,426,500 MLBI 21,070,000 21,070,000 21,070,000 2,107,000,000 2,107,000,000 MYOR 766,584,000 766,584,000 894,347,989 894,347,989 894,347,989 ROTI 1,012,360,000 1,012,360,000 5,061,800,000 5,061,800,000 5,061,800,000 SKLT 690,740,500 690,740,500 690,740,500 690,740,500 690,740,500 GGRM 1,924,088,000 1,924,088,000 1,924,088,000 1,924,088,000 1,924,088,000 HMSP 4,383,000,000 4,383,000,000 4,383,000,000 4,383,000,000 4,652,723,076 DVLA 1,120,000,000 1,120,000,000 1,120,000,000 1,120,000,000 1,120,000,000 INAF 3,099,267,500 3,099,267,500 3,099,267,500 3,099,267,500 3,099,267,500
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100
KAEF 5,553,999 5,553,999 5,553,999,999 5,553,999,999 5,553,999,999 KLBF 10,156,014,422 50,780,072,110 46,875,122,110 46,875,122,110 46,875,122,110 MERK 22,400,000 22,400,000 22,400,000 22,400,000 22,400,000 TSPC 4,500,000,000 4,500,000,000 4,500,000,000 4,500,000,000 4,500,000,000 MBTO 1,070,000,000 1,070,000,000 1,070,000,000 1,070,000,000 1,070,000,000 MRAT 428,000,000 428,000,000 428,000,000 428,000,000 428,000,000 TCID 201,066,667 201,066,667 201,066,667 201,066,667 201,066,667 UNVR 7,630,000,000 7,630,000,000 7,630,000,000 7,630,000,000 7,630,000,000
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Lampiran 14
Hasil Regresi Risiko Pasar dengan Harga Saham Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2011-2015
Kode Perusahaan
Beta
2011 2012 2013 2014 2015
INTP 0.3902 0.1707 -0.1022 0.3966 1.9036 SMCB -0.0566 0.2893 -0.2849 0.5452 0.9642 SMGR 0.1255 -0.1641 0.0186 0.1607 1.5863 AMFG 0.2269 0.1035 0.1442 0.5515 0.7145 ARNA 0.2491 1.1850 0.3399 -0.1411 1.0974 KIAS -0.6353 0.8638 0.6013 -0.0596 0.5461 TOTO -0.2305 -1.1705 -0.0037 0.4959 -0.1898 ALMI 0.5915 0.3460 0.0523 0.5368 0.3262 BTON 0.1903 0.3124 0.4518 0.5015 0.1400 INAI -0.2244 -0.5783 0.3616 -0.2741 -0.0276 LION 0.0698 -1.2007 0.2298 -0.3150 0.8794 LMSH -0.3434 -1.4627 -0.0126 0.1168 1.7317 BUDI 0.3920 0.6154 -0.0264 0.0837 0.5406 DPNS 1.7082 -0.6807 0.0064 -0.9680 -0.2074 EKAD 0.2299 1.6107 -0.0081 0.1317 0.5361 AKPI 6.0924 -0.2030 0.0363 1.1550 0.5784 APLI 1.3313 -1.4478 0.0474 -0.8197 -0.0119 BRNA 0.1451 0.1802 0.2961 -0.2006 -0.2533 IGAR 0.1145 0.7187 -0.2900 0.1385 0.3215 TRST 1.2037 1.1384 0.9473 0.5690 1.1158 CPIN 1.6844 0.6723 2.1658 1.0585 1.7572 JPFA 1.3957 -0.3372 2.0569 1.6595 2.1113 MAIN 0.5322 0.5980 1.4547 1.1451 0.8661 SIPD -0.1128 -0.3091 0.1518 -0.0645 558.4987 ALDO 0.2506 0.0189 -0.2864 -0.0992 0.4289 FASW 0.9813 1.4898 0.1475 0.0435 -0.1090 SPMA 1.0410 -0.0220 0.2883 0.6137 0.3213 ASII 1.1328 2.1406 1.3142 0.2320 1.8745 AUTO 0.9623 0.6077 0.8566 -0.0458 1.0857 GJTL 1.4483 0.8919 1.1710 1.8201 1.6790 IMAS 1.3679 1.2335 0.4200 0.0442 -0.1726 INDS 2.0564 0.1636 0.7019 0.6494 0.2888 SMSM 0.8123 0.4775 0.4654 1.1289 0.0065 RICY 0.1165 0.0598 -0.2058 -0.2772 0.0065 BATA 0.1929 0.0212 -2.4307 -0.2491 0.1722 JECC 0.3861 0.9103 0.0994 -0.1935 -0.1405 KBLM 0.1780 -0.2947 0.4535 0.2215 -0.7591 SCCO -0.3859 -2.2008 0.4369 0.4421 0.2612 VOKS 0.0863 1.7160 0.3259 4.2869 -0.0919 KBLI 0.3776 0.5501 0.8927 -0.0329 1.2197 CEKA -0.0751 -2.9987 0.1668 -0.1818 1.1672 DLTA 0.0479 -0.2143 0.1744 0.3193 -0.7721 ICBP 0.1418 0.5525 -0.0475 0.5169 1.1047 INDF 0.0361 0.1720 -0.1161 0.4589 1.1574 MLBI -0.0471 125.7753 0.4585 -0.4776 0.6140 MYOR 0.2276 -0.0470 0.5411 0.2088 0.3278
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102
ROTI 0.8065 0.2907 0.7103 -0.3199 0.7928 SKLT 0.0000 0.6963 0.0000 -6.0817 -0.0785 GGRM -0.0176 -0.5298 -0.1819 -0.5699 0.7175 HMSP 0.0940 0.4612 0.0815 0.0688 0.3306 DVLA -0.0260 -0.0771 0.3301 0.3396 -0.2119 INAF 0.5819 0.3251 0.1848 -0.6828 1.4775 KAEF 0.5111 0.4900 0.2216 0.2014 1.7750 KLBF 0.2924 -0.0274 -0.2585 0.1143 1.2695 MERK -0.0535 -0.0729 -0.6804 0.4536 -0.8034 TSPC -0.0969 -0.0737 0.1392 -0.0074 0.6822 MBTO -0.0284 0.0205 0.2360 -0.0527 0.4439 MRAT 0.1771 -0.1855 0.0572 0.3580 0.0794 TCID -0.1194 -0.6040 0.1035 -0.2431 0.0433 UNVR -0.2531 0.2361 -0.1798 -0.1748 -0.3279
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Lampiran 15
Data Variabel Dependen dan Independen Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2011-2015
Kode Tahun DPR ROA CP DER SIZE BETA
INTP 2011 0.2687 0.1984 1.9060 0.1536 30.5298 0.3902 INTP 2012 0.2263 0.2093 2.1989 0.1718 30.7558 0.1707 INTP 2013 0.3308 0.1883 2.5129 0.1580 30.9122 -0.1022 INTP 2014 0.6279 0.1825 2.1343 0.1654 30.9943 0.3966 INTP 2015 1.1403 0.1576 1.9867 0.1581 30.9502 1.9036 SMCB 2011 0.3325 0.0971 1.0601 0.4548 30.0244 -0.0566 SMCB 2012 0.3632 0.1110 0.4115 0.4455 30.1299 0.2893 SMCB 2013 0.6838 0.0639 0.3944 0.6978 30.3320 -0.2849 SMCB 2014 0.9967 0.0388 0.3208 0.9633 30.4757 0.5452 SMCB 2015 1.1875 0.0115 3.1999 1.0499 30.4830 0.9642 SMGR 2011 0.3723 0.2011 0.8535 0.3453 30.6097 0.1255 SMGR 2012 0.3983 0.1853 0.6134 0.4632 30.9111 -0.1641 SMGR 2013 0.4073 0.1738 0.7602 0.4123 31.0583 0.0186 SMGR 2014 0.4335 0.1624 0.8838 0.3725 31.1666 0.1607 SMGR 2015 0.4919 0.1186 0.8759 0.3904 31.2726 1.5863 AMFG 2011 0.1030 0.1252 1.7414 0.2542 28.6208 0.2269 AMFG 2012 0.1001 0.1112 1.8696 0.2679 28.7674 0.1035 AMFG 2013 0.1026 0.0955 2.5465 0.2821 28.8950 0.1442 AMFG 2014 0.0757 0.1170 2.4146 0.2304 28.9967 0.5515 AMFG 2015 0.1017 0.0799 2.7297 0.2596 29.0827 0.7145 ARNA 2011 0.2869 0.1153 0.1046 0.7209 27.4465 0.2491 ARNA 2012 0.2313 0.1692 0.2839 0.5498 27.5663 1.1850 ARNA 2013 0.3088 0.2093 0.1352 0.4772 27.7579 0.3399 ARNA 2014 0.4485 0.2079 0.1804 0.3803 27.8615 -0.1411 ARNA 2015 1.2371 0.0497 0.0717 0.5991 27.9892 1.0974 KIAS 2011 0.0000 -0.0098 -3.4863 0.9118 28.3487 -0.6353 KIAS 2012 0.0000 0.0331 2.1765 0.0853 28.3936 0.8638 KIAS 2013 0.0467 0.0331 3.8441 0.1093 28.4512 0.6013 KIAS 2014 0.2402 0.0392 2.3908 0.1114 28.4865 -0.0596 KIAS 2015 0.1385 0.0770 0.3346 0.1714 28.3845 0.5461 TOTO 2011 0.3382 0.1628 0.9810 0.7613 27.9234 -0.2305 TOTO 2012 0.4199 0.1549 0.8483 0.6953 28.0515 -1.1705 TOTO 2013 0.4126 0.1354 1.0674 0.6861 28.1885 -0.0037 TOTO 2014 0.5044 0.1449 0.2861 0.6466 28.3377 0.4959 TOTO 2015 0.4040 0.1169 0.5855 0.6356 28.5228 -0.1898
(32)
104
ALMI 2011 0.6621 0.0180 3.0621 2.4678 28.2141 0.5915 ALMI 2012 1.0989 0.0074 3.4187 2.2006 28.2631 0.3460 ALMI 2013 0.2348 0.0094 1.0663 3.1867 28.6434 0.0523 ALMI 2014 3.3474 0.0011 14.0545 4.0113 28.7981 0.5368 ALMI 2015 0.0000 -0.0244 -0.5926 2.8736 28.4145 0.3262 BTON 2011 0.0000 0.1612 0.0069 0.2886 25.5000 0.1903 BTON 2012 0.1453 0.1706 2.0440 0.2820 25.7007 0.3124 BTON 2013 0.0000 0.1469 2.5493 0.2688 25.8945 0.4518 BTON 2014 0.0000 0.0438 9.3016 0.1877 25.8832 0.5015 BTON 2015 0.5692 0.0345 17.8107 0.2281 25.9334 0.1400 INAI 2011 0.0000 0.0480 0.1326 4.1317 27.0227 -0.2244 INAI 2012 0.0000 0.0671 0.1809 3.7379 27.1404 -0.5783 INAI 2013 1.5778 0.0749 3.4023 5.0631 27.3643 0.3616 INAI 2014 0.1148 0.0590 0.7466 5.1524 27.5226 -0.2741 INAI 2015 0.3874 0.0657 3.5594 4.5469 27.9164 -0.0276 LION 2011 0.1942 0.1436 6.9633 0.2111 26.6254 0.0698 LION 2012 0.1795 0.1969 2.3703 0.1658 26.7952 -1.2007 LION 2013 0.3174 0.1298 3.1474 0.1991 26.9350 0.2298 LION 2014 0.4188 0.0816 3.5405 0.3516 27.1204 -0.3150 LION 2015 0.4451 0.0719 4.3981 0.4064 27.1837 0.8794 LMSH 2011 0.0429 0.1111 0.5705 0.7135 25.3084 -0.3434 LMSH 2012 0.0169 0.3211 0.8343 0.3181 25.5796 -1.4627 LMSH 2013 0.0780 0.1015 2.8537 0.2827 25.6770 -0.0126 LMSH 2014 0.2915 0.0529 5.8054 0.2067 25.6643 0.1168 LMSH 2015 0.4123 0.0145 20.7422 0.1898 25.6195 1.7317 BUDI 2011 0.0069 0.0296 2.0135 1.6180 28.3840 0.3920 BUDI 2012 0.0000 0.0022 19.4190 1.6924 28.4638 0.6154 BUDI 2013 0.0000 0.0179 1.2461 1.6921 28.4993 -0.0264 BUDI 2014 0.0000 0.0115 1.2241 1.7120 28.5381 0.0837 BUDI 2015 0.0000 0.0064 1.4608 1.9549 28.8146 0.5406 DPNS 2011 -0.4567 -0.0385 -6.6982 0.3137 25.8726 1.7082 DPNS 2012 0.0000 0.1116 2.1803 0.1859 25.9417 -0.6807 DPNS 2013 0.0681 0.2606 1.0034 0.1475 26.2699 0.0064 DPNS 2014 0.4169 0.0540 4.7986 0.1389 26.3175 -0.9680 DPNS 2015 0.4605 0.0359 10.3269 0.1375 26.3382 -0.2074 EKAD 2011 0.1710 0.1100 0.2699 0.6092 26.1938 0.2299 EKAD 2012 0.1310 0.1321 0.1776 0.4267 26.3360 1.6107 EKAD 2013 0.1365 0.1148 0.2494 0.4455 26.5627 -0.0081 EKAD 2014 0.1631 0.0990 0.3244 0.5057 26.7427 0.1317
(33)
EKAD 2015 0.1286 0.1207 1.0527 0.3347 26.6886 0.5361 AKPI 2011 0.0000 0.0346 1.8282 1.0587 28.0522 6.0924 AKPI 2012 0.0000 0.0181 1.7223 1.0336 28.1703 -0.2030 AKPI 2013 0.0000 0.0166 2.4425 1.0252 28.3656 0.0363 AKPI 2014 0.3000 0.0155 1.8215 1.1500 28.4317 1.1550 AKPI 2015 0.1771 9.5883 1.5943 0.0016 28.6899 0.5784 APLI 2011 1.3684 0.0657 1.5766 0.5058 26.5325 1.3313 APLI 2012 0.0000 0.0126 1.8998 0.5270 26.5340 -1.4478 APLI 2013 0.0000 0.0061 20.6591 0.3944 26.4390 0.0474 APLI 2014 0.0000 0.0352 0.0699 0.2125 26.3332 -0.8197 APLI 2015 0.0000 0.0060 2.5927 0.2821 26.4554 -0.0119 BRNA 2011 0.2815 0.0680 0.9023 1.5302 27.1909 0.1451 BRNA 2012 0.2248 0.0707 0.8025 1.5524 27.3702 0.1802 BRNA 2013 -1.2876 -0.0108 -5.9744 2.6783 27.7489 0.2961 BRNA 2014 0.0000 0.0427 1.8939 2.6413 27.9193 -0.2006 BRNA 2015 0.0000 -0.0039 -12.7968 1.1992 28.2303 -0.2533 IGAR 2011 0.8755 0.1555 2.4918 0.2237 26.5970 0.1145 IGAR 2012 2.0568 0.1424 1.1275 0.2905 26.4674 0.7187 IGAR 2013 1.1063 0.1112 0.4728 0.3943 26.4750 -0.2900 IGAR 2014 0.1765 0.1569 0.3217 0.3281 26.5809 0.1385 IGAR 2015 0.0000 0.1339 1.2501 0.2367 26.6737 0.3215 TRST 2011 0.4294 0.0675 0.3899 0.6077 28.3883 1.2037 TRST 2012 0.9955 0.0256 0.7887 0.6173 28.4141 1.1384 TRST 2013 0.5265 0.0172 0.8340 0.0328 28.8130 0.9473 TRST 2014 0.1320 0.0325 0.9657 0.8568 28.8131 0.5690 TRST 2015 0.1573 0.0264 0.8315 0.7156 28.8422 1.1158 CPIN 2011 0.2762 0.2670 0.3709 0.3005 29.8112 1.6844 CPIN 2012 0.2568 0.2170 0.3561 0.3379 30.1446 0.6723 CPIN 2013 0.2982 0.1608 0.4535 0.5800 30.3861 2.1658 CPIN 2014 0.4318 0.0837 0.4400 0.9064 30.6690 1.0585 CPIN 2015 0.1605 0.0742 0.9163 0.9651 30.8372 1.7572 JPFA 2011 1.1261 0.0812 1.2323 1.1838 29.7432 1.3957 JPFA 2012 0.1485 0.0980 0.8119 1.3012 30.0254 -0.3372 JPFA 2013 0.3321 0.0429 2.7254 1.8440 30.3336 2.0569 JPFA 2014 0.2764 0.0244 1.9968 1.9736 30.3866 1.6595 JPFA 2015 0.0000 0.0305 1.7183 1.8086 30.4736 2.1113 MAIN 2011 0.1902 0.1543 0.4253 2.1478 27.9145 0.5322 MAIN 2012 0.1401 0.1680 0.2995 1.6396 28.2187 0.5980 MAIN 2013 0.2525 0.1091 0.3427 1.5675 28.4260 1.4547
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106
MAIN 2014 -0.4225 -0.0240 -3.6579 2.2761 28.8927 1.1451 MAIN 2015 0.0000 -0.0156 -8.4468 1.5585 29.0078 0.8661 SIPD 2011 0.3928 0.0088 2.1631 1.0782 28.6024 -0.1128 SIPD 2012 0.6116 0.0045 5.7012 1.5832 28.8244 -0.3091 SIPD 2013 0.0000 0.0026 3.7282 1.4556 28.7802 0.1518 SIPD 2014 0.0000 0.0007 73.0675 1.1763 28.6610 -0.0645 SIPD 2015 0.0000 -0.1611 -0.1502 2.0600 28.4405 558.4987 ALDO 2011 0.0000 0.0484 0.5986 1.0105 25.8269 0.2506 ALDO 2012 0.0000 0.0378 0.4121 0.9606 25.9431 0.0189 ALDO 2013 0.0000 0.0065 0.3305 1.0136 26.4320 -0.2864 ALDO 2014 0.0391 0.0245 0.4468 1.4111 26.6005 -0.0992 ALDO 2015 0.0000 0.0215 0.3596 1.1413 26.6259 0.4289 FASW 2011 1.0672 0.0268 0.3190 1.7397 29.2276 0.9813 FASW 2012 0.0000 0.0009 13.7688 2.0871 29.3499 1.4898 FASW 2013 0.0000 -0.0437 -0.2449 2.6536 29.3701 0.1475 FASW 2014 0.0000 0.0155 0.9258 2.3934 29.3504 0.0435 FASW 2015 -0.1203 -0.0441 -0.2065 1.8600 29.5760 -0.1090 SPMA 2011 0.0000 0.4842 0.0395 24.1963 28.0704 1.0410 SPMA 2012 0.0152 0.4683 0.0521 22.1808 28.1405 -0.0220 SPMA 2013 0.0000 0.4275 0.0269 -42.4023 28.2004 0.2883 SPMA 2014 0.0000 0.3841 0.0596 26.4873 28.3691 0.6137 SPMA 2015 0.0000 0.3444 0.0615 -32.6313 28.4128 0.3213 ASII 2011 0.3320 0.1372 0.6202 1.0243 32.6649 1.1328 ASII 2012 0.3628 0.1247 0.4797 1.0295 32.8365 2.1406 ASII 2013 0.3883 0.1041 0.8322 1.0152 32.9970 1.3142 ASII 2014 0.3949 0.0937 0.9369 0.9616 33.0950 0.2320 ASII 2015 0.5597 0.0636 1.7339 0.9397 33.1341 1.8745 AUTO 2011 0.4068 0.1581 0.3317 0.4746 29.5718 0.9623 AUTO 2012 0.2766 0.1278 0.5738 0.6192 29.8150 0.6077 AUTO 2013 0.5151 0.0838 1.3916 0.3200 30.1661 0.8566 AUTO 2014 0.4595 0.0665 1.3226 0.4187 30.2969 -0.0458 AUTO 2015 0.7403 0.0225 2.9386 0.4136 30.2940 1.0857 GJTL 2011 0.0652 59.1674 0.0009 1.6077 23.1703 1.4483 GJTL 2012 0.0307 87.9770 0.0008 1.3492 23.2781 0.8919 GJTL 2013 0.7801 7.8387 0.0166 1.6817 23.4544 1.1710 GJTL 2014 0.1289 16.8216 0.0035 1.6813 23.4985 1.8201 GJTL 2015 -0.1108 -17.8946 -0.0020 2.2460 23.5860 1.6790 IMAS 2011 0.0000 0.0751 1.6575 1.5400 30.1893 1.3679 IMAS 2012 0.0000 0.0511 1.2624 2.0792 30.4977 1.2335
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IMAS 2013 0.1357 0.0278 1.8056 2.3507 30.7363 0.4200 IMAS 2014 -0.9207 -0.0028 -16.9053 2.4891 30.7868 0.0442 IMAS 2015 -1.9294 -0.0009 -58.8219 2.7122 30.8443 -0.1726 INDS 2011 0.0002 0.1056 0.9176 0.8026 27.7618 2.0564 INDS 2012 0.2639 0.0805 0.4933 0.4647 28.1407 0.1636 INDS 2013 0.9966 0.0672 2.1795 0.2531 28.4179 0.7019 INDS 2014 0.4046 0.0559 0.6637 0.2485 28.4564 0.6494 INDS 2015 18.3774 0.0007 43.4335 0.3308 28.5687 0.2888 SMSM 2011 0.5252 0.1928 0.0758 0.6953 27.7593 0.8123 SMSM 2012 0.6969 0.1863 0.2211 0.7569 27.9965 0.4775 SMSM 2013 0.3488 0.2062 0.2663 0.6896 28.1623 0.4654 SMSM 2014 0.5294 0.2409 0.1800 0.5254 28.1903 1.1289 SMSM 2015 0.3901 0.2077 0.2666 0.5415 28.4286 0.0065 RICY 2011 0.0000 0.0190 1.8630 0.8332 27.1880 0.1165 RICY 2012 0.1511 0.0201 3.3939 1.2959 27.4596 0.0598 RICY 2013 0.0000 0.0055 7.4793 1.3366 27.4909 -0.2058 RICY 2014 0.1698 0.0129 2.4318 1.9541 27.7887 -0.2772 RICY 2015 0.1906 0.0112 3.8252 1.9949 27.8118 0.0065 BATA 2011 0.5423 0.1095 0.2054 0.4575 26.9706 0.1929 BATA 2012 0.4702 0.1207 0.1362 0.4816 27.0761 0.0212 BATA 2013 0.6962 0.0651 0.0741 0.7152 27.2464 -2.4307 BATA 2014 0.5490 0.0913 0.0570 0.8058 27.3760 -0.2491 BATA 2015 0.0513 0.1628 0.2499 0.4534 27.4019 0.1722 JECC 2011 0.0000 0.0459 1.4434 3.9181 27.1643 0.3861 JECC 2012 0.5195 0.0451 0.8776 3.9620 27.2871 0.9103 JECC 2013 0.7467 0.0184 0.2398 6.1284 27.8460 0.0994 JECC 2014 0.0000 0.0223 0.1440 5.2004 27.6916 -0.1935 JECC 2015 0.0431 0.1549 0.3371 2.6939 27.9374 -0.1405 KBLM 2011 0.0000 0.0295 0.6785 1.6311 27.1893 0.1780 KBLM 2012 0.0000 0.0329 0.3071 0.9753 27.3066 -0.2947 KBLM 2013 4.1752 0.0117 2.4227 1.4263 27.2068 0.4535 KBLM 2014 0.7758 0.0318 1.6592 1.2312 27.1967 0.2215 KBLM 2015 1.2532 0.0194 0.5288 1.2072 27.2070 -0.7591 SCCO 2011 0.0136 0.0754 2.6332 1.8033 28.0065 -0.3859 SCCO 2012 0.0000 0.1141 1.5346 1.2734 28.0277 -2.2008 SCCO 2013 0.0000 0.0595 2.8038 1.4901 28.1975 0.4369 SCCO 2014 0.0000 0.0831 0.8436 1.0446 28.1354 0.4421 SCCO 2015 0.0000 0.0897 2.1371 0.9224 28.2038 0.2612 VOKS 2011 0.1613 0.0703 1.2016 2.1673 28.0840 0.0863
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108
VOKS 2012 0.2499 0.0865 1.0669 1.8157 28.1605 1.7160 VOKS 2013 1.3117 0.0200 2.5117 2.2529 28.3018 0.3259 VOKS 2014 -0.3586 -0.0549 -0.3903 2.0123 28.0718 4.2869 VOKS 2015 148.1938 0.0001 284.5734 2.0143 28.0604 -0.0919 KBLI 2011 0.0000 0.0588 1.6801 0.5050 27.7112 0.3776 KBLI 2012 0.0000 0.1077 0.5466 0.3746 27.7809 0.5501 KBLI 2013 0.4359 0.0549 0.8220 0.5079 27.9215 0.8927 KBLI 2014 0.2283 0.0524 0.3733 0.4216 27.9217 -0.0329 KBLI 2015 0.1386 0.0743 0.1810 0.5105 28.0704 1.2197 CEKA 2011 0.0000 0.1169 0.1238 1.0327 27.4367 -0.0751 CEKA 2012 0.0000 0.0567 0.2665 1.2177 27.6583 -2.9987 CEKA 2013 0.0000 0.0606 0.4565 1.0248 27.6983 0.1668 CEKA 2014 0.7597 0.0303 0.7101 1.3889 27.8811 -0.1818 CEKA 2015 0.0000 0.0688 0.1057 1.3220 28.0270 1.1672 DLTA 2011 1.1330 0.2179 1.6259 0.2151 27.2689 0.0479 DLTA 2012 0.8800 0.2863 1.3624 0.2459 27.3371 -0.2143 DLTA 2013 0.7093 0.3119 1.6036 0.2815 27.4884 0.1744 DLTA 2014 0.5038 0.2881 1.4443 0.3117 27.6285 0.3193 DLTA 2015 0.8200 0.1842 2.5869 0.2221 27.6686 -0.7721 ICBP 2011 0.3467 0.1357 2.1186 0.4214 30.3538 0.1418 ICBP 2012 0.4458 0.1285 2.3480 0.4811 30.5076 0.5525 ICBP 2013 0.5035 0.1050 2.4084 0.6032 30.6882 -0.0475 ICBP 2014 0.4457 0.1016 2.8542 0.6563 30.8463 0.5169 ICBP 2015 0.4517 0.1100 2.5806 0.6208 30.9105 1.1047 INDF 2011 0.2387 0.0912 2.6588 0.6952 31.6123 0.0361 INDF 2012 0.3214 0.0805 2.7655 0.7375 31.7140 0.1720 INDF 2013 0.4756 0.0437 3.9588 1.0351 31.9889 -0.1161 INDF 2014 0.2832 0.0512 3.2169 1.0845 32.0847 0.4589 INDF 2015 0.5977 0.0351 4.0109 1.1296 32.1510 1.1574 MLBI 2011 0.8808 0.4156 0.4896 1.3007 27.8305 -0.0471 MLBI 2012 4.2332 0.1335 0.6443 2.4926 27.7726 125.7753 MLBI 2013 0.4316 0.6572 0.1242 0.8046 28.2088 0.4585 MLBI 2014 1.5346 0.3562 0.1836 3.0286 28.4335 -0.4776 MLBI 2015 0.5835 0.2365 0.6935 1.7409 28.3734 0.6140 MYOR 2011 0.2061 0.0732 0.6729 1.7220 29.5181 0.2276 MYOR 2012 0.1338 0.0896 1.7995 1.7063 29.7476 -0.0470 MYOR 2013 0.1726 0.1090 1.7578 1.4652 29.9042 0.5411 MYOR 2014 0.5021 0.0397 1.7405 1.5259 29.9630 0.2088 MYOR 2015 0.1192 0.1102 1.3454 1.1836 30.0596 0.3278
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ROTI 2011 0.2151 0.1527 0.4175 0.3892 27.3554 0.8065 ROTI 2012 0.1943 0.1237 0.2539 0.8076 27.8175 0.2907 ROTI 2013 0.2359 0.0866 0.6401 1.3150 28.2313 0.7103 ROTI 2014 0.0837 0.0880 0.8622 1.2319 28.3932 -0.3199 ROTI 2015 0.1034 0.0999 1.9045 1.2770 28.6266 0.7928 SKLT 2011 0.2311 0.0278 1.5683 0.7432 26.0904 0.0000 SKLT 2012 0.1734 0.0318 -2.8270 0.9288 26.2437 0.6963 SKLT 2013 0.1811 0.0378 -2.6718 1.1625 26.4337 0.0000 SKLT 2014 0.1676 0.0497 -2.7184 1.1620 26.5271 -6.0817 SKLT 2015 0.1721 0.0532 -2.4725 1.4803 26.6558 -0.0785 GGRM 2011 0.3484 0.1268 0.2208 0.5921 31.2969 -0.0176 GGRM 2012 0.4728 0.0980 0.1404 0.5602 31.3569 -0.5298 GGRM 2013 0.3511 0.0863 0.2681 0.7259 31.5583 -0.1819 GGRM 2014 0.2890 0.0914 0.2329 0.4310 31.6955 -0.5699 GGRM 2015 0.2383 0.1017 0.1958 0.4015 31.7821 0.7175 HMSP 2011 1.4971 0.4155 0.2571 0.8993 30.5951 0.0940 HMSP 2012 0.6928 0.3735 0.0413 0.9722 30.8986 0.4612 HMSP 2013 0.9201 0.3943 0.0608 0.9360 30.9417 0.0815 HMSP 2014 1.0634 0.3528 -0.0026 1.1026 30.9767 0.0688 HMSP 2015 1.1830 0.2724 0.1660 0.1872 31.2689 0.3306 DVLA 2011 0.2778 0.1302 2.1212 0.2753 27.5566 -0.0260 DVLA 2012 0.2369 0.1385 1.9671 0.2770 27.7031 -0.0771 DVLA 2013 0.4184 0.1057 2.5176 0.3010 27.8050 0.3301 DVLA 2014 0.3037 0.0653 3.9682 0.3101 27.8471 0.3396 DVLA 2015 0.7498 0.0756 4.0533 0.4137 27.9504 -0.2119 INAF 2011 0.0000 0.0331 3.6088 0.8301 27.7398 0.5819 INAF 2012 0.0000 0.0356 4.5984 0.8284 27.8038 0.3251 INAF 2013 -0.0781 -0.0418 -2.2395 1.1911 27.8892 0.1848 INAF 2014 0.0000 0.0009 116.5451 1.1088 27.8528 -0.6828 INAF 2015 0.0000 0.0032 62.6086 1.5876 28.0587 1.4775 KAEF 2011 0.2694 0.0957 1.1608 0.4325 28.2156 0.5111 KAEF 2012 0.1669 0.0990 1.5382 0.4404 28.3616 0.4900 KAEF 2013 0.1426 0.0872 1.8278 0.5218 28.5360 0.2216 KAEF 2014 0.2276 0.0796 2.4240 0.6388 28.7190 0.2014 KAEF 2015 0.2496 0.0580 2.4528 0.7379 28.8054 1.7750 KLBF 2011 0.3608 0.1840 1.5035 0.2699 29.7442 0.2924 KLBF 2012 0.5017 0.1884 1.0304 0.2776 29.8736 -0.0274 KLBF 2013 0.4519 0.1741 0.6883 0.3312 30.0572 -0.2585 KLBF 2014 0.3756 0.1707 0.8578 0.2656 30.1507 0.1143
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4. Ibu Bebby Kendida, M.Si, selaku Dosen Pembaca Penilai yang telah memberikan saran dan masukan kepada penulis untuk kesempurnaan skripsi. 5. Bapak dan Ibu Dosen Departemen Manajemen Fakultas Ekonomi dan Bisnis
Universitas Sumatera Utara yang telah mendidik dan memberikan ilmunya kepada penulis selama mengikuti perkuliahan serta staf dan pegawai yang telah banyak membantu selama proses penulisan skripsi ini.
6. Ito Poltak Sinaga (beserta istri eda Citra Napitupulu) dan Jimmy Sinaga (beserta istri eda Roma Simamora), serta Abangda dan Kakanda Fransisco Sinaga, SH dan Oktavia Verawati STR terimakasih atas semangat dan doa. 7. Kakak rohani Roita T.T Panggabean ST yang senantiasa membimbing secara
rohani dan dukungan doa yang tak henti sehingga penulis menikmati proses pembuatan skripsi ini.
8. Teman-teman Program Studi Manajamen terkhusus Mega, Lenta, Ririn, Grace, Bram, dan Samuel yang telah membantu untuk belajar dan diskusi sehingga skripsi ini bisa selesai.
9. Teman-teman di LPMI-USU yang setia mendoakan penulis dan kebersamaan serta persekutuan yang terjalin sejak penulis kuliah, sehingga membuahkan perubahan karakter dan menyeimbangkan kegiatan studi dengan pelayanan.
Medan, September 2016 Penulis
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DAFTAR ISI
Halaman
ABSTRAK ... i
ABSTRACT ... ii
KATA PENGANTAR ... iii
DAFTAR ISI ... v
DAFTAR TABEL ... vii
DAFTAR GAMBAR ... viii
DAFTAR LAMPIRAN ... ix
BAB I PENDAHULUAN 1.1 Latar Belakang ... 1
1.2 Rumusan Masalah ... 11
1.3 Tujuan Penelitian ... 11
1.4 Manfaat Penelitian ... 12
BAB II TINJAUAN PUSTAKA 2.1 Landasan Teori ... 13
2.1.1 Pengertian Dividen ... 13
2.1.2 Pengertian Kebijakan Dividen ... 14
2.1.2.1 Teori Kebijakan Dividen ... 15
2.1.2.2 Prosedur Pembayaran Dividen ... 18
2.1.3 Pengertian Return On Assets ... 18
2.1.4 Pengertian Cash Position... 19
2.1.5 Pengertian Debt to Equity Ratio ... 20
2.1.6 Pengertian Ukuran Perusahaan ... 21
2.1.7 Pengertian Risiko Pasar ... 21
2.2 Penelitian Terdahulu ... 23
2.3 Kerangka Konseptual... 28
2.3.1 Pengaruh Return On Assets Terhadap Kebijakan Dividen ... 28
2.3.2 Pengaruh Cash Position Terhadap Kebijakan Dividen ... 28
2.3.3 Pengaruh Debt to Equity Ratio Terhadap Kebijakan Dividen 29 2.3.4 Pengaruh Ukuran Perusahaan Terhadap Kebijakan Dividen . 31 2.3.5 Pengaruh Risiko Pasar Terhadap Kebijakan Dividen... 32
2.4 Hipotesis ... 33
BAB III METODE PENELITIAN 3.1 Jenis Penelitian ... 34
3.2 Tempat dan Waktu ... 34
3.3 Batasan Operasional ... 34
3.4 Definisi Operasional ... 35
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3.4.2 Variabel Independen ... 35
3.5 Populasi dan Sampel Penelitian ... 39
3.6 Jenis Data ... 40
3.7 Metode Pengumpulan Data... 41
3.8 Teknik Analisis Data ... 41
3.8.1 Analisis Deskriptif ... 41
3.8.2 Pemilihan Model Data Panel ... 41
3.8.3 Analisis Regresi Linier Berganda ... 43
3.9 Pengujian Hipotesis ... 43
3.9.1 Pengujian Secara Simultan ... 44
3.9.2 Pengujian Secara Parsial ... 45
3.10 Koefisien Determinasi ... 46
BAB IV HASIL PENELITIAN DAN PEMBAHASAN 4.1 Gambaran Umum Perusahaan ... 47
4.2 Analisis Hasil Penelitian ... 59
4.2.1 Statistik Deskriptif ... 59
4.2.2 Pemilihan Model Data Panel ... 61
4.2.2.1 Penentuan Model Estimasi antara Common Effect Model (CEM) dan Fixed Effect Model (FEM) dengan Uji Chow ... 61
4.2.2.2 Penentuan Model Estimasi antara Fixed Effect Model (FEM) dan Random Effect Model (REM) dengan Uji Hausman ... 62
4.3 Analisis Regresi Linier Berganda ... 63
4.4 Pengujian Hipotesis ... 65
4.4.1 Uji Signifikansi Pengaruh Simultan (F) ... 65
4.4.2 Uji Signifikansi Pengaruh Parsial (t) ... 66
4.5 Analisis Koefisien Determinasi ... 66
4.6 Pembahasan Hasil Penelitian ... 67
BAB V KESIMPULAN DAN SARAN 5.1 Kesimpulan ... 68
5.2 Saran ... 68
DAFTAR PUSTAKA ... 70
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DAFTAR TABEL
Tabel Judul Halaman 1.1 ... Laba
Bersih dan Dividen Perusahaan Manufaktur yang Terdaftar
di Bursa Efek Indonesia Tahun 2011-2015 ... 3
1.2 Saldo Kas Akhir Tahun dan Dividen Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2015 ... 5
1.3 Total Liabilitas dan Dividen Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2015 ... 7
1.4 Total Aset dan Dividen Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2011-201 ... 8
1.5 Close Price Harga Saham Perusahaan, Indeks Harga Saham Gabungan (IHSG), dan Dividen Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2015 ... 9
2.1 Penelitian Terdahulu ... 26
3.1 Operasionalisasi Variabel ... 38
3.2 Kriteria Pemilihan Sampel ... 39
3.3 Daftar Perusahaan yang Menjadi Sampel Penelitian ... 40
4.1 Statistik Deskriptif DPR, ROA, CP, DER, Size, dan Beta Perusahaan Manufaktur di Bursa Efek Indonesia ... 59
4.2 Hasil Uji Chow ... 62
4.3 Hasil Uji Housman ... 63
4.4 Hasil Uji Fixed Effect Model ... 64
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DAFTAR GAMBAR
Gambar Judul Halaman 2.1 Kerangka Konseptual ... 33
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DAFTAR LAMPIRAN
No. Lampiran Judul Halaman 1 Daftar Penentuan Sampel ... 73 2 Perusahaan Manufaktur yang Terdaftar di Bursa Efek
Indonesia Tahun 2011-2015 ... 82 3 Perusahaan Manufaktur yang Tidak Terdaftar Secara
Konsisten di Bursa Efek Indonesia Tahun 2011-2015 ... 87 4 Perusahaan Manufaktur yang Tidak Mempublikasikan
Laporan Keuangan Secara Lengkap di Bursa Efek
Indonesia Tahun 2011-2015 ... 88 5 Perusahaan Manufaktur yang Memublikasikan Laporan
Keuangan menggunakan Mata Amerika Serikat (US$) di
Bursa Efek Indonesia Tahun 2011-2015 ... 89 6 Perusahaan Manufaktur yang Konsisten Tidak Membayar
Dividen di Bursa Efek Indonesia Tahun 2011-2015 ... 90 7 Perusahaan Manufaktur yang Membayar Dividen dengan
Mata Uang Indonesia (Rupiah) di Bursa Efek Indonesia
Tahun 2011-2015 ... 92 8 Laba Bersih Perusahaan Manufaktur yang terdaftar di
Bursa Efek Indonesia Tahun 2011-2015 ... 94 9 Total Aset Perusahaan Manufaktur yang terdaftar di Bursa
Efek Indonesia Tahun 2011-2015 ... 96 10 Saldo Kas Perusahaan Manufaktur yang terdaftar di Bursa
Efek Indonesia Tahun 2011-2015 ... 98 11 Total Liabillitas Perusahaan Manufaktur yang terdaftar di
Bursa Efek Indonesia Tahun 2011-2015 ... 100 12 Total Ekuitas Perusahaan Manufaktur yang terdaftar di
Bursa Efek Indonesia Tahun 2011-2015 ... 102 13 Total Lembar Saham Perusahaan Manufaktur yang
terdaftar di Bursa Efek Indonesia Tahun 2011-2015 ... 104 14 Hasil Regresi Risiko Pasar dengan Harga Saham Perusahaan
Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun
2011-2015 ... 106 15 Data Variabel Dependen dan Independen Perusahaan
Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun
2011-2015 ... 108 16 Hasil Statistik Deskriptif DPR, ROA, CP, DER, Size,
dan Beta Perusahaan Manufaktur di Bursa Efek Indonesia 109 17 Hasil Uji Chow ... 110 18 Hasil Uji Housman ... 111 19 Hasil Uji Fixed Effect Model... 112