s mbs 0806855 table of content
DAFTAR ISI
ABSTRAK ................................................................................................................ i
ABSTRACT ................................................................................................................ ii
KATA PENGANTAR .............................................................................................. iii
UCAPAN TERIMA KASIH ..................................................................................... iv
DAFTAR ISI ............................................................................................................. ix
DAFTAR TABEL ..................................................................................................... xii
DAFTAR GAMBAR ................................................................................................ xiii
DAFTAR LAMPIRAN ............................................................................................. xiv
BAB I PENDAHULUAN ........................................................................................ 1
1.1 Latar Belakang Penelitian ............................................................................. 1
1.2 Identifikasi Masalah ...................................................................................... 9
1.3 Rumusan Masalah ......................................................................................... 10
1.4 Tujuan Penelitian .......................................................................................... 11
1.5 Kegunaan Penelitian...................................................................................... 11
Bab II KAJIAN PUSTAKA, KERANGKA PEMIKIRAN DAN HIPOTESIS ...... 13
2.1 Kajian Pustaka............................................................................................... 13
2.1.1 Konsep Good Corporate Governance ................................................. 13
2.1.1.1 Kenaikan
Harga
Saham
dalam
Implementasi
Good
Corporate Governance .......................................................... 13
2.1.1.2 Definisi Good Corporate Governance ................................... 15
2.1.1.3 Prinsip Good Corporate Governance ..................................... 19
2.1.1.4 Manfaat Good Corporate Governance ................................... 21
2.1.1.5 Corporate Govenance Perception Index (CGPI) sebagai Alat
Alat Ukur Informasi Penerapan GCG ................................... 22
2.1.2 Konsep Harga Saham ........................................................................... 27
2.1.2.1 Pengertian Investasi ................................................................ 27
2.1.2.2 Pengertian Keputusan Investasi .............................................. 29
2.1.2.3 Jenis-Jenis Investasi ................................................................ 32
2.1.2.4 Pengertian Saham ................................................................... 36
Widiati Pratiwi , 2012
Pengaruh Informasi Penerapan Good Corporate Governance Terhadap Kenaikan Harga Saham
Pada Pt Adhi Karya (Persero) Tbk
Tahun 2007-2011universitas Pendidikan Indonesia | Repository.Upi.Edu
2.1.2.5 Jenis-Jenis Saham ................................................................... 38
2.1.2.6 Harga Saham ........................................................................... 44
2.1.2.7 Faktor-Faktor yang Memengaruhi Harga Saham ................... 46
2.1.3 Pengaruh Informasi Penerapan Good Corporate Governance
terhadap Kenaikan Harga Saham ....................................................... 50
2.1.4 Orisinalitas Penelitian .......................................................................... 53
2.2 Kerangka Pemikiran ...................................................................................... 57
2.3 Hipotesis........................................................................................................ 63
Bab III OBJEK DAN METODE PENELITIAN ...................................................... 64
3.1 Objek Penelitian ............................................................................................ 64
3.2 Metode Penelitian.......................................................................................... 64
3.2.1 Jenis Penelitian dan Metode yang Digunakan .................................... 64
3.2.2 Operasionalisasi Variabel ................................................................... 65
3.2.3 Jenis dan Sumber Data ....................................................................... 67
3.2.4 Populasi, Sampel, dan Teknik Sampling ............................................ 68
3.2.4.1 Populasi .................................................................................. 68
3.2.4.2 Sampel .................................................................................... 69
3.2.4.3 Teknik Sampel ........................................................................ 69
3.2.5 Teknik Pengumpulan Data ................................................................. 69
3.2.6 Teknik Analisis Data dan Pengujian Hipotesis .................................. 70
3.2.6.1
Teknik Analisis Data ........................................................... 70
3.2.6.2
Pengujian Hipotesis ............................................................. 72
3.2.6.2.1 Pengujian Hipotesis secara Parsial ...................................... 72
Bab IV HASIL PENELITIAN DAN PEMBAHASAN ........................................... 74
4.1 Profil Perusahaan .......................................................................................... 74
4.1.1 Sejarah PT Adhi Karya (Persero) Tbk ................................................. 74
4.1.2 Visi, Misi, Maksud dan Tujuan PT Adhi Karya (Persero) Tbk ........... 75
4.1.2.1 Visi PT Adhi Karya (Persero) Tbk ......................................... 75
4.1.2.2 Misi PT Adhi Karya (Persero) Tbk ....................................... 75
4.1.2.3 Nilai-nilai PT Adhi Karya (Persero) Tbk ............................... 75
4.1.2.4 Proyek-Proyek Jasa Konstruksi PT Adhi Karya (Persero) Tbk 76
Widiati Pratiwi , 2012
Pengaruh Informasi Penerapan Good Corporate Governance Terhadap Kenaikan Harga Saham
Pada Pt Adhi Karya (Persero) Tbk
Tahun 2007-2011universitas Pendidikan Indonesia | Repository.Upi.Edu
4.2
Gambaran Informasi Penerapan Good Corporate Governance dengan
Indikator skor Corporate Governance Perception Index (CGPI) pada PT
Adhi Karya (Persero) Tbk ........................................................................... 78
4.3 Gambaran Harga Saham PT Adhi Karya (Persero) Tbk ............................. 85
4.4 Pengaruh Informasi Good Corporate Governance Terhadap Kenaikan
Harga Saham ............................................................................................... 91
4.4.1 Analisis Regresi Linear Sederhana .................................................... 96
4.4.2 Pengujian Hipotesis secara Parsial..................................................... 97
4.5 Temuan Hasil Penelitian .............................................................................. 98
4.5.1 Temuan Penelitian Bersifat Teoritis................................................... 98
4.5.2 Temuan Penelitian Bersifat Empiris .................................................. 101
4.5 Implikasi Penelitian terhadap Pengembangan Pendidikan Manajemen
Bisnis........................................................................................................... 105
BAB V KESIMPULAN DAN REKOMENDASI ................................................... 107
5.1 Kesimpulan .................................................................................................. 107
5.2 Rekomendasi ................................................................................................ 108
DAFTAR PUSTAKA ............................................................................................... 110
LAMPIRAN .............................................................................................................. 114
Widiati Pratiwi , 2012
Pengaruh Informasi Penerapan Good Corporate Governance Terhadap Kenaikan Harga Saham
Pada Pt Adhi Karya (Persero) Tbk
Tahun 2007-2011universitas Pendidikan Indonesia | Repository.Upi.Edu
DAFTAR TABEL
No Tabel
1.1
Judul Tabel
Hal
Harga Saham 4 Perusahaan Konstruksi yang Tergolong Memiliki Aset
Terbesar Versi ICMD (Indonesian Capital Market Directory) Tahun
2007-2011 ................................................................................................. 4
1.1
Harga Saham PT Adhi Karya (Persero) Tbk Tahun 2007-2011 .............. 5
1.2
Corporate Governance Perception Index (CGPI) PT Adhi Karya
(Persero) Tbk Tahun 2007-2011 .............................................................. 7
2.1
Rating Skor Corporate Governance Perception Index (CGPI) ............... 27
2.2
Overview of Investment Alternatives ........................................................ 35
2.3
Hasil Penelitian yang Berkaitan ............................................................... 54
3.1
Operasionalisasi Variabel ......................................................................... 66
3.2
Jenis dan Sumber Data ............................................................................. 67
4.1
Corporate Governance Perception Index (CGPI) PT Adhi Karya
(Persero) Tbk Tahun 2007-2011............................................................... 80
4.2
Harga Saham PT Adhi Karya (Persero) Tbk Tahun 2007-2011 .............. 85
4.3
Persentase Kenaikan dan Penurunan Skor CGPI dan Harga Saham
Tahun 2007-2011 (Persen) ....................................................................... 91
4.4
Data Xi dan Yi sebagai Bahan Pengolahan Perhitungan Regresi Linear
Sederhana Menggunakan SPSS 17.0 ........................................................ 94
4.5
Hasil Perhitungan Estimasi Regresi Linear Sederhana ............................ 95
Widiati Pratiwi , 2012
Pengaruh Informasi Penerapan Good Corporate Governance Terhadap Kenaikan Harga Saham
Pada Pt Adhi Karya (Persero) Tbk
Tahun 2007-2011universitas Pendidikan Indonesia | Repository.Upi.Edu
DAFTAR GAMBAR
No Gambar
1.1
Judul Gambar
Hal
Laju pertumbuhan PDB atas harga konstan (2000) pada sektor
konstruksi tahun 2004-2011 ..................................................................... 2
2.1
Sinergi dalam Implementasi Good Corporate Governance .................... 14
2.2
Kerangka Pemikiran Pengaruh Informasi Penerapan Good Corporate
Governance terhadap Kenaikan Harga Saham pada PT Adhi Karya
(Persero) Tbk Tahun 2007-2011............................................................... 62
2.3
Paradigma Penelitian Analisis Penerapan Good Corporate Governance
terhadap Kenaikan Harga Saham pada PT Adhi Karya (Persero) Tbk
Tahun 2007-2011 ...................................................................................... 63
4.1
Perjalanan Tema Pelaksanaan Corporate Governance Perception Index
(CGPI) Tahun 2001-2010 ......................................................................... 78
Widiati Pratiwi , 2012
Pengaruh Informasi Penerapan Good Corporate Governance Terhadap Kenaikan Harga Saham
Pada Pt Adhi Karya (Persero) Tbk
Tahun 2007-2011universitas Pendidikan Indonesia | Repository.Upi.Edu
DAFTAR LAMPIRAN
Lampiran 1
:
Lampiran 2
:
Lampiran 3
:
Lampiran 4
Lampiran 5
:
:
Laporan Tahunan Good Corporate Governance dan Harga
Saham PT Adhi Karya (Persero) Tbk
Corporate Governance Perception Index (CGPI) Majalah
SWA
Perhitungan Analisis Regresi Linear Sederhana Menggunakan
SPSS
Form Bimbingan Skripsi
Curicullum Vitae
Widiati Pratiwi , 2012
Pengaruh Informasi Penerapan Good Corporate Governance Terhadap Kenaikan Harga Saham
Pada Pt Adhi Karya (Persero) Tbk
Tahun 2007-2011universitas Pendidikan Indonesia | Repository.Upi.Edu
ABSTRAK ................................................................................................................ i
ABSTRACT ................................................................................................................ ii
KATA PENGANTAR .............................................................................................. iii
UCAPAN TERIMA KASIH ..................................................................................... iv
DAFTAR ISI ............................................................................................................. ix
DAFTAR TABEL ..................................................................................................... xii
DAFTAR GAMBAR ................................................................................................ xiii
DAFTAR LAMPIRAN ............................................................................................. xiv
BAB I PENDAHULUAN ........................................................................................ 1
1.1 Latar Belakang Penelitian ............................................................................. 1
1.2 Identifikasi Masalah ...................................................................................... 9
1.3 Rumusan Masalah ......................................................................................... 10
1.4 Tujuan Penelitian .......................................................................................... 11
1.5 Kegunaan Penelitian...................................................................................... 11
Bab II KAJIAN PUSTAKA, KERANGKA PEMIKIRAN DAN HIPOTESIS ...... 13
2.1 Kajian Pustaka............................................................................................... 13
2.1.1 Konsep Good Corporate Governance ................................................. 13
2.1.1.1 Kenaikan
Harga
Saham
dalam
Implementasi
Good
Corporate Governance .......................................................... 13
2.1.1.2 Definisi Good Corporate Governance ................................... 15
2.1.1.3 Prinsip Good Corporate Governance ..................................... 19
2.1.1.4 Manfaat Good Corporate Governance ................................... 21
2.1.1.5 Corporate Govenance Perception Index (CGPI) sebagai Alat
Alat Ukur Informasi Penerapan GCG ................................... 22
2.1.2 Konsep Harga Saham ........................................................................... 27
2.1.2.1 Pengertian Investasi ................................................................ 27
2.1.2.2 Pengertian Keputusan Investasi .............................................. 29
2.1.2.3 Jenis-Jenis Investasi ................................................................ 32
2.1.2.4 Pengertian Saham ................................................................... 36
Widiati Pratiwi , 2012
Pengaruh Informasi Penerapan Good Corporate Governance Terhadap Kenaikan Harga Saham
Pada Pt Adhi Karya (Persero) Tbk
Tahun 2007-2011universitas Pendidikan Indonesia | Repository.Upi.Edu
2.1.2.5 Jenis-Jenis Saham ................................................................... 38
2.1.2.6 Harga Saham ........................................................................... 44
2.1.2.7 Faktor-Faktor yang Memengaruhi Harga Saham ................... 46
2.1.3 Pengaruh Informasi Penerapan Good Corporate Governance
terhadap Kenaikan Harga Saham ....................................................... 50
2.1.4 Orisinalitas Penelitian .......................................................................... 53
2.2 Kerangka Pemikiran ...................................................................................... 57
2.3 Hipotesis........................................................................................................ 63
Bab III OBJEK DAN METODE PENELITIAN ...................................................... 64
3.1 Objek Penelitian ............................................................................................ 64
3.2 Metode Penelitian.......................................................................................... 64
3.2.1 Jenis Penelitian dan Metode yang Digunakan .................................... 64
3.2.2 Operasionalisasi Variabel ................................................................... 65
3.2.3 Jenis dan Sumber Data ....................................................................... 67
3.2.4 Populasi, Sampel, dan Teknik Sampling ............................................ 68
3.2.4.1 Populasi .................................................................................. 68
3.2.4.2 Sampel .................................................................................... 69
3.2.4.3 Teknik Sampel ........................................................................ 69
3.2.5 Teknik Pengumpulan Data ................................................................. 69
3.2.6 Teknik Analisis Data dan Pengujian Hipotesis .................................. 70
3.2.6.1
Teknik Analisis Data ........................................................... 70
3.2.6.2
Pengujian Hipotesis ............................................................. 72
3.2.6.2.1 Pengujian Hipotesis secara Parsial ...................................... 72
Bab IV HASIL PENELITIAN DAN PEMBAHASAN ........................................... 74
4.1 Profil Perusahaan .......................................................................................... 74
4.1.1 Sejarah PT Adhi Karya (Persero) Tbk ................................................. 74
4.1.2 Visi, Misi, Maksud dan Tujuan PT Adhi Karya (Persero) Tbk ........... 75
4.1.2.1 Visi PT Adhi Karya (Persero) Tbk ......................................... 75
4.1.2.2 Misi PT Adhi Karya (Persero) Tbk ....................................... 75
4.1.2.3 Nilai-nilai PT Adhi Karya (Persero) Tbk ............................... 75
4.1.2.4 Proyek-Proyek Jasa Konstruksi PT Adhi Karya (Persero) Tbk 76
Widiati Pratiwi , 2012
Pengaruh Informasi Penerapan Good Corporate Governance Terhadap Kenaikan Harga Saham
Pada Pt Adhi Karya (Persero) Tbk
Tahun 2007-2011universitas Pendidikan Indonesia | Repository.Upi.Edu
4.2
Gambaran Informasi Penerapan Good Corporate Governance dengan
Indikator skor Corporate Governance Perception Index (CGPI) pada PT
Adhi Karya (Persero) Tbk ........................................................................... 78
4.3 Gambaran Harga Saham PT Adhi Karya (Persero) Tbk ............................. 85
4.4 Pengaruh Informasi Good Corporate Governance Terhadap Kenaikan
Harga Saham ............................................................................................... 91
4.4.1 Analisis Regresi Linear Sederhana .................................................... 96
4.4.2 Pengujian Hipotesis secara Parsial..................................................... 97
4.5 Temuan Hasil Penelitian .............................................................................. 98
4.5.1 Temuan Penelitian Bersifat Teoritis................................................... 98
4.5.2 Temuan Penelitian Bersifat Empiris .................................................. 101
4.5 Implikasi Penelitian terhadap Pengembangan Pendidikan Manajemen
Bisnis........................................................................................................... 105
BAB V KESIMPULAN DAN REKOMENDASI ................................................... 107
5.1 Kesimpulan .................................................................................................. 107
5.2 Rekomendasi ................................................................................................ 108
DAFTAR PUSTAKA ............................................................................................... 110
LAMPIRAN .............................................................................................................. 114
Widiati Pratiwi , 2012
Pengaruh Informasi Penerapan Good Corporate Governance Terhadap Kenaikan Harga Saham
Pada Pt Adhi Karya (Persero) Tbk
Tahun 2007-2011universitas Pendidikan Indonesia | Repository.Upi.Edu
DAFTAR TABEL
No Tabel
1.1
Judul Tabel
Hal
Harga Saham 4 Perusahaan Konstruksi yang Tergolong Memiliki Aset
Terbesar Versi ICMD (Indonesian Capital Market Directory) Tahun
2007-2011 ................................................................................................. 4
1.1
Harga Saham PT Adhi Karya (Persero) Tbk Tahun 2007-2011 .............. 5
1.2
Corporate Governance Perception Index (CGPI) PT Adhi Karya
(Persero) Tbk Tahun 2007-2011 .............................................................. 7
2.1
Rating Skor Corporate Governance Perception Index (CGPI) ............... 27
2.2
Overview of Investment Alternatives ........................................................ 35
2.3
Hasil Penelitian yang Berkaitan ............................................................... 54
3.1
Operasionalisasi Variabel ......................................................................... 66
3.2
Jenis dan Sumber Data ............................................................................. 67
4.1
Corporate Governance Perception Index (CGPI) PT Adhi Karya
(Persero) Tbk Tahun 2007-2011............................................................... 80
4.2
Harga Saham PT Adhi Karya (Persero) Tbk Tahun 2007-2011 .............. 85
4.3
Persentase Kenaikan dan Penurunan Skor CGPI dan Harga Saham
Tahun 2007-2011 (Persen) ....................................................................... 91
4.4
Data Xi dan Yi sebagai Bahan Pengolahan Perhitungan Regresi Linear
Sederhana Menggunakan SPSS 17.0 ........................................................ 94
4.5
Hasil Perhitungan Estimasi Regresi Linear Sederhana ............................ 95
Widiati Pratiwi , 2012
Pengaruh Informasi Penerapan Good Corporate Governance Terhadap Kenaikan Harga Saham
Pada Pt Adhi Karya (Persero) Tbk
Tahun 2007-2011universitas Pendidikan Indonesia | Repository.Upi.Edu
DAFTAR GAMBAR
No Gambar
1.1
Judul Gambar
Hal
Laju pertumbuhan PDB atas harga konstan (2000) pada sektor
konstruksi tahun 2004-2011 ..................................................................... 2
2.1
Sinergi dalam Implementasi Good Corporate Governance .................... 14
2.2
Kerangka Pemikiran Pengaruh Informasi Penerapan Good Corporate
Governance terhadap Kenaikan Harga Saham pada PT Adhi Karya
(Persero) Tbk Tahun 2007-2011............................................................... 62
2.3
Paradigma Penelitian Analisis Penerapan Good Corporate Governance
terhadap Kenaikan Harga Saham pada PT Adhi Karya (Persero) Tbk
Tahun 2007-2011 ...................................................................................... 63
4.1
Perjalanan Tema Pelaksanaan Corporate Governance Perception Index
(CGPI) Tahun 2001-2010 ......................................................................... 78
Widiati Pratiwi , 2012
Pengaruh Informasi Penerapan Good Corporate Governance Terhadap Kenaikan Harga Saham
Pada Pt Adhi Karya (Persero) Tbk
Tahun 2007-2011universitas Pendidikan Indonesia | Repository.Upi.Edu
DAFTAR LAMPIRAN
Lampiran 1
:
Lampiran 2
:
Lampiran 3
:
Lampiran 4
Lampiran 5
:
:
Laporan Tahunan Good Corporate Governance dan Harga
Saham PT Adhi Karya (Persero) Tbk
Corporate Governance Perception Index (CGPI) Majalah
SWA
Perhitungan Analisis Regresi Linear Sederhana Menggunakan
SPSS
Form Bimbingan Skripsi
Curicullum Vitae
Widiati Pratiwi , 2012
Pengaruh Informasi Penerapan Good Corporate Governance Terhadap Kenaikan Harga Saham
Pada Pt Adhi Karya (Persero) Tbk
Tahun 2007-2011universitas Pendidikan Indonesia | Repository.Upi.Edu