Pengaruh Struktur Modal dan Profitabilitas terhadap Nilai Perusahaan dengan Ukuran Perusahaan sebagai Variabel Moderating pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia
LAMPIRAN
61
Universitas Sumatera Utara
Lampiran i
Daftar Populasi dan Sampel Penelitian
Kriteria
No
Kode
1
2
3
4
5
INTP
SMCB
SMGR
AMFG
ARNA
6
IKAI
7
8
9
10
KIAS
MLIA
TOTO
ALKA
11
ALMI
12
13
BTON
CTBN
14
GDST
15
16
INAI
ITMA
17
18
19
20
21
22
JKSW
JPRS
KRAS
LION
LMSH
MYRX
23
NIKL
24
PICO
Sampel
Perusahaan
1
Indocement Tunggal
√
Prakasa Tbk
Holcim Indonesia Tbk
√
Semen Gresik Tbk
√
√
Asahimas Flat Glass Tbk
√
Arwana Citra Mulia Tbk
Inti Keramik Alam Asri
√
Industri Tbk
Keramika Indonesia
√
Assosiasi Tbk
Mulia Industrindo Tbk
√
Surya Toto Indonesia Tbk √
√
Alaska Industrindo Tbk
Alumindo Light Metal
Industry Tbk
√
Beton Jaya Manunggal
√
Tbk
√
Citra Turbindo Tbk
Gunawan Dianjaya Steel
√
Tbk
Indal Aluminium Industry
Tbk
√
Itamaraya Tbk
√
Jakarta Kyoei Steel Work
LTD Tbk
√
√
Jaya Pari Steel Tbk
Krakatau Steel Tbk
√
Lion Metal Works Tbk
√
Lionmesh Prima Tbk
√
Hanson International Tbk √
Pelat Timah Nusantara
√
Tbk
Pelangi Indah Canindo
Tbk
√
2
3
4
5
√
√
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-
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-
-
-
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1
2
3
4
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5
6
7
-
-
√
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-
√
-
√
-
8
-
√
62
Universitas Sumatera Utara
25
26
27
28
TBMS
BRPT
BUDI
DPNS
29
EKAD
30
ETWA
31
INCI
32
33
SOBI
SRSN
34
TPIA
35
36
UNIC
AKKU
37
38
39
AKPI
APLI
BRNA
40
FPNI
41
IGAR
42
43
44
45
IPOL
SIAP
SIMA
TRST
46
YPAS
47
CPIN
48
49
JPFA
MAIN
50
51
52
MBAI
SIPD
SULI
Tembaga Mulia Semanan
Tbk
Barito Pasific Tbk
Budi Acid Jaya Tbk
Duta Pertiwi Nusantara
Ekadharma International
Tbk
Eterindo Wahanatama
Tbk
Intan Wijaya
International Tbk
Sorini Agro Asia
Corporindo
Indo Acitama Tbk
Chandra Asri
Petrochemical Tbk
Unggul Indah Cahaya
Tbk
Alam Karya Unggul Tbk
Argha Karya Prima
Industry Tbk
Asiaplast Industries Tbk
Berlina Tbk
Titan Kimia Nusantara
Tbk
Champion Pasific
Indonesi Tbk
Indopoly Swakarsa
Industry Tbk
Sekawan Intipratama Tbk
Siwani Makmur Tbk
Trias Sentosa Tbk
Yana Prima Hasta
Persada Tbk
Charoen Pokphand
Indonesia Tbk
Japfa Comfeed Indonesia
Tbk
Malindo Feedmill Tbk
Multibreeder Adirama
Indonesia Tbk
Sierad Produce Tbk
Sumalindo Lestari Jaya
√
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-
-
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9
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-
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10
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12
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13
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15
-
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-
-
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-
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-
√
16
17
63
Universitas Sumatera Utara
53
54
55
TIRT
ALDO
FASW
56
57
INKP
INRU
58
KBRI
59
60
SAIP
SPMA
61
62
63
64
65
66
TKIM
ASII
AUTO
BRAM
GDYR
GJTL
67
68
IMAS
INDS
69
LPIN
70
71
MASA
NIPS
72
73
74
75
76
77
PRAS
SMSM
ADMG
ARGO
CNTX
ERTX
78
79
80
81
82
ESTI
HDTX
INDR
KARW
MYTX
Tbk
Tirta Mahakam
Resources Tbk
Alkindo Naratama Tbk
Fajar Surya Wisesa Tbk
Indah Kiat Pulp&paper
Tbk
Toba Pulp Lestari Tbk
Kertas Basuki Rachmat
Indonesia Tbk
Surabaya Agung Industri
Pulp&Kertas Tbk
Suparma Tbk
Pabrik Kertas Tjiwi
Kimia Tbk
Astra International Tbk
Astra Auto Part Tbk
Indo Kordsa Tbk
Goodyear Indonesia Tbk
Gajah Tunggal Tbk
Indomobil Sukses
International Tbk
Indospring Tbk
Multi Prima Sejahtera
Tbk
Multistrada Arah Sarana
Tbk
Nippres Tbk
Prima alloy steel
Universal Tbk
Selamat Sempurna Tbk
Polychem Indonesia Tbk
Argo Pantes Tbk
Centex Tbk
Eratex Djaya Tbk
Ever Shine Textile
Industry Tbk
Pan Asia Indosyntec Tbk
Indo Rama Synthetic Tbk
Karwell Indonesia Tbk
Apac Citra Centertex Tbk
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18
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19
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24
_
-
-
√
64
Universitas Sumatera Utara
83
84
85
PAFI
PBRX
POLY
86
RICY
87
SSTM
88
89
TFCO
TRIS
90
91
92
UNIT
UNTX
BATA
93
BIMA
94
95
SIMM
IKBI
96
97
98
99
100
JECC
KBLI
KBLM
VOKS
PTSN
101 ADES
102
103
104
105
106
AISA
ALTO
CEKA
DAVO
DLTA
107 ICBP
108 INDF
109 MLBI
110 MYOR
111 PSDN
Pan Asia Filament Inti
Tbk
Pan Brothers Tbk
Asia Pasific Fibers Tbk
Ricky Putra Globalindo
Tbk
Sunson Textile
Manufacturer Tbk
Tifico Fiber Indonesia
Tbk
Trisula International Tbk
Nusantara Inti Corpora
Tbk
Unitex Tbk
Sepatu Bata Tbk
Primarindo Asia
Infrastructure
Surya Intrindo Makmur
Tbk
Sumi Indo Kabel Tbk
Jembo Cable Company
Tbk
KMI Wire and Cable Tbk
Kabelindo Murni Tbk
Voksel Electric Tbk
Sat Nusa Persada Tbk
Akasha Wira
International Tbk
Tiga Pilar Sejahtera Food
Tbk
Tri Banyan Tirta Tbk
Cahaya Kalbar Tbk
Davomas Abadi Tbk
Delta Jakarta Tbk
Indofood CBP Sukses
Makmur Tbk
Indofood Sukses Makmur
Tbk
Multi Bintang Indonesia
Tbk
Mayora Indah Tbk
Prashida Aneka Niaga
√
-
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27
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28
-
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29
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-
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30
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31
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33
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√
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√
√
-
√
32
√
√
34
35
36
√
65
Universitas Sumatera Utara
112
113
114
115
116
ROTI
SKBM
SKLT
STTP
GGRM
117 HMSP
118 RMBA
119 WIIM
120
121
122
123
124
125
DVLA
INAF
KAEF
KLBF
MERK
PYFA
126 SCPI
127 SQBB
128
129
130
131
132
TSPC
MBTO
MRAT
TCID
UNVR
133 KDSI
134 KICI
135 LMPI
Nippon Indosari
Corporindo Tbk
Sekar Bumi Tbk
Sekar Laut Tbk
Siantar Top Tbk
Gudang Garam Tbk
Hanjaya Mandala
Sampoerna Tbk
Bentoel International
Investama Tbk
Wismilak Inti Makmur
Tbk
Darya Varia Laboratoria
Tbk
Indofarma Tbk
Kimia Farma Tbk
Kalbe Farma Tbk
Merck Indonesia Tbk
Pyridam Farma Tbk
Merck Sharp Dohme
Pharma Tbk
Taisho Pharmaceutical
Indonesia Tbk
Tempo Scan Pasific Tbk
Martina Bento Tbk
Mustika Ratu Tbk
Mandom Indoenesia Tbk
Unilever Indonesia Tbk
Kedawung Setia
Industrial Tbk
Kedaung Indag Can Tbk
Langgeng Makmur
Industry Tbk
√
√
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-
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-
-
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-
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37
38
-
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-
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-
39
40
41
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-
-
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42
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43
44
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45
46
√
66
Universitas Sumatera Utara
Lampiran ii
Daftar Sampel Penelitian
No
Kode
1
2
3
4
5
6
INTP
SMCB
SMGR
AMFG
MLIA
TOTO
7
8
9
ALMI
JPRS
DPNS
10
11
ETWA
SRSN
12
AKPI
13
14
IGAR
TRST
15
CPIN
16
17
JPFA
SIPD
18
19
TIRT
FASW
20
21
22
23
KBRI
SPMA
ASII
AUTO
24
IMAS
25
LPIN
Perusahaan
Indocement Tunggal
Prakasa Tbk
Holcim Indonesia Tbk
Semen Gresik Tbk
Asahimas Flat Glass Tbk
Mulia Industrindo Tbk
Surya Toto Indonesia Tbk
Alumindo Light Metal
Industry Tbk
Jaya Pari Steel Tbk
Duta Pertiwi Nusantara
Eterindo Wahanatama
Tbk
Indo Acitama Tbk
Argha Karya Prima
Industry Tbk
Champion Pasific
Indonesi Tbk
Trias Sentosa Tbk
Charoen Pokphand
Indonesia Tbk
Japfa Comfeed Indonesia
Tbk
Sierad Produce Tbk
Tirta Mahakam
Resources Tbk
Fajar Surya Wisesa Tbk
Kertas Basuki Rachmat
Indonesia Tbk
Suparma Tbk
Astra International Tbk
Astra Auto Part Tbk
Indomobil Sukses
International Tbk
Multi Prima Sejahtera
Tbk
67
Universitas Sumatera Utara
26
27
NIPS
SMSM
28
29
JECC
VOKS
30
31
32
ADES
ALTO
DLTA
33
ICBP
34
INDF
35
36
37
38
MLBI
MYOR
PSDN
GGRM
39
40
41
42
43
44
45
RMBA
INAF
KLBF
PYFA
MBTO
TCID
UNVR
46
47
KDSI
KICI
Nippres Tbk
Selamat Sempurna Tbk
Jembo Cable Company
Tbk
Voksel Electric Tbk
Akasha Wira
International Tbk
Tri Banyan Tirta Tbk
Delta Jakarta Tbk
Indofood CBP Sukses
Makmur Tbk
Indofood Sukses Makmur
Tbk
Multi Bintang Indonesia
Tbk
Mayora Indah Tbk
Prashida Aneka Niaga
Gudang Garam Tbk
Bentoel International
Investama Tbk
Indofarma Tbk
Kalbe Farma Tbk
Pyridam Farma Tbk
Martina Bento Tbk
Mandom Indoenesia Tbk
Unilever Indonesia Tbk
Kedawung Setia
Industrial Tbk
Kedaung Indag Can Tbk
68
Universitas Sumatera Utara
Lampiran iii
Data Price to Book Value Tahun 2012-2014
Tahun
No
Kode
1
INTP
2
Nama Perusahaan
2012
2013
2014
4.256
3.204
3.713
SMCB
Indocement Tunggal Prakasa
Tbk
Holcim Indonesia
2.64
1.987
1.912
3
SMGR
Semen Indonesia Tbk
5.176
3.849
3.843
4
AMFG
Asahimas Flat Glass Tbk
1.466
1.1
1.097
5
TOTO
Surya Toto Indonesia Tbk
3.668
3.683
3.199
6
ALMI
0.341
0.281
0.252
7
DPNS
Alumindo Light Metal Industry
Tbk
Duta Pratiwi Nusantara
0.819
0.695
0.367
8
SRSN
Indo Acitama Tbk
1.118
0.957
0.957
9
AKPI
0.482
0.491
10
IGAR
Argha Karya Prima Industry
0.603
Tbk
Champion Pasific Indonesia Tbk 2.266
1.994
1.837
11
TRST
Trias Sentosa Tbk
0.675
0.411
0.606
12
CPIN
7.019
5.562
5.664
13
JPFA
Charoen Pokphand Indonesia
Tbk
Japfa Comfeed Indonesia Tbk
2.725
2.475
1.911
14
FASW
Fajar Surya Wisesa Tbk
3.291
3.507
2.486
15
ASII
Astra International Tbk
3.403
2.592
2.498
16
NIPS
Nippres Tbk
0.406
0.992
1.257
17
SMSM
Selamat Sempurna Tbk
3.836
4.884
5.962
18
JECC
Jembo Cable Company Tbk
2.831
2.918
2.074
19
ADES
Akasha Wira International Tbk
5.360
4.456
2.742
20
DLTA
Delta Jakarta Tbk
6.826
8.994
8.169
21
ICBP
Indofood CBP Sukses Makmur
Tbk
3.941
4.483
5.079
69
Universitas Sumatera Utara
22
INDF
Indofood Sukses Makmur Tbk
1.505
1.529
1.438
23
MLBI
Multi Bintang Indonesia Tbk
46.95
25.60
45.46
24
MYOR
Mayora Indah Tbk
4.998
5.972
4.558
25
GGRM
Gudang Garam Tbk
4.05
2.747
3.515
26
KLBF
Kalbe Farma Tbk
7.302
6.894
8.738
27
PYFA
Pyridam Farma Tbk
1.049
1.084
0.748
28
MBTO
Martina Bento Tbk
0.894
0.723
0.471
29
TCID
Mandom Indonesia Tbk
2.016
2.023
2.745
30
UNVR
Unilever Indonesia Tbk
40.765
46.623
53.588
31
KDSI
Kedawung Setia Industrial Tbk
0.634
0.397
0.372
32
KICI
Kedaung Indag Can Tbk
0.56
0.504
0.47
33
MLIA
Mulia Industrindo Tbk
0,251
0,472
0,526
34
JPRS
Jaya Pari Steel Tbk
0,712
0,559
0,51
35
ETWA
Eterindo Wahanatama Tbk
0.685
0.792
0.943
36
SIPD
Sierad Produce Tbk
0.367
0.365
0.386
37
TIRT
Tirta Mahakam Resource Tbk
0,673
0,891
1,059
38
KBRI
0,627
0,642
39
SPMA
Kertas Basuki Rahmat Indonesia 0,611
Tbk
Suparma Tbk
0,555
0,415
0,365
40
AUTO
Astra Auto Part Tbk
2,376
1,866
1,997
41
IMAS
0.714
1.328
0.986
42
VOKS
Indomobil Sukse International
Tbk
Voksel Electric Tbk
1.130
1.423
1.280
43
ALTO
Tri Banyan Tirta Tbk
1,214
2,378
1,5
44
PSDN
Prashida Aneka Niaga
0,721
0,517
0,544
45
RMBA
2,208
4,653
2,68
46
INAF
Bentoel International Investama
Tbk
Indofarma Tbk
1,502
0,803
1,859
70
Universitas Sumatera Utara
Lampiran iv
Data Debt to Equity Ratiotahun 2012-2014
Tahun
No
Kode
1
INTP
2
Nama Perusahaan
2012
2013
2014
0.80
0.70
0.50
SMCB
Indocement Tunggal Prakasa
Tbk
Holcim Indonesia
0.20
0.42
0.62
3
SMGR
Semen Indonesia Tbk
2.22
1.96
1.63
4
AMFG
Asahimas Flat Glass Tbk
2.68
2.82
2.30
5
TOTO
Surya Toto Indonesia Tbk
0.69
0.68
0.64
6
ALMI
2.20
3.18
4.01
7
DPNS
Alumindo Light Metal Industry
Tbk
Duta Pratiwi Nusantara
1.86
1.47
1.38
8
SRSN
Indo Acitama Tbk
0.40
0.33
0.49
9
AKPI
Argha Karya Prima Industry Tbk
1.03
1.02
1.15
10
IGAR
Champion Pasific Indonesia Tbk
0.43
0.62
0.52
11
TRST
Trias Sentosa Tbk
61.7
90.7
85.1
12
CPIN
0.51
0.58
0.91
13
JPFA
Charoen Pokphand Indonesia
Tbk
Japfa Comfeed Indonesia Tbk
1.40
2.00
2.10
14
FASW
Fajar Surya Wisesa Tbk
1.40
2.00
1.30
15
ASII
Astra International Tbk
1.00
1.00
1.00
16
NIPS
Nippres Tbk
1.59
2.18
1.09
17
SMSM
Selamat Sempurna Tbk
0.71
0.68
0.53
18
JECC
Jembo Cable Company Tbk
0.39
0.73
0.52
19
ADES
Akasha Wira International Tbk
0.86
0.61
0.71
20
DLTA
Delta Jakarta Tbk
0.25
0.28
0.30
21
ICBP
Indofood CBP Sukses Makmur
Tbk
0.49
0.60
0.66
71
Universitas Sumatera Utara
22
INDF
Indofood Sukses Makmur Tbk
0.74
1.05
1.08
23
MLBI
Multi Bintang Indonesia Tbk
2.49
0.80
3.03
24
MYOR
Mayora Indah Tbk
1.71
1.49
1.51
25
GGRM
Gudang Garam Tbk
0.56
0.72
0.75
26
KLBF
Kalbe Farma Tbk
2.77
7.01
3.16
27
PYFA
Pyridam Farma Tbk
0.30
0.56
0.53
28
MBTO
Martina Bento Tbk
0.40
0.35
0.36
29
TCID
Mandom Indonesia Tbk
0.15
0.23
0.44
30
UNVR
Unilever Indonesia Tbk
1.85
1.98
2.10
31
KDSI
Kedawung Setia Industrial Tbk
0.80
1.41
1.40
32
KICI
Kedaung Indag Can Tbk
0.23
0.33
0.43
33
MLIA
Mulia Industrindo Tbk
4.30
5.04
4.46
34
JPRS
Jaya Pari Steel Tbk
1.47
3.87
4.31
35
ETWA
Eterindo Wahanatama Tbk
0.81
1.69
2.84
36
SIPD
Sierad Produce Tbk
1.58
1.45
1.51
37
TIRT
Tirta Mahakam Resource Tbk
5.45
0.01
7.68
38
KBRI
0.04
0.13
0.91
39
SPMA
Kertas Basuki Rahmat Indonesia
Tbk
Suparma Tbk
1.03
1.22
1.49
40
AUTO
Astra Auto Part Tbk
0.60
0.30
0.40
41
IMAS
2.08
2.35
2.49
42
VOKS
Indomobil Sukse International
Tbk
Voksel Electric Tbk
1.81
2.25
2.01
43
ALTO
Tri Banyan Tirta Tbk
1.64
1.83
1.33
44
PSDN
Prashida Aneka Niaga
0.67
0.63
0.64
45
RMBA
8.33
9.47
2.60
46
INAF
Bentoel International Investama
Tbk
Indofarma Tbk
0.82
1.19
1.10
72
Universitas Sumatera Utara
Lampiran v
Data Return On Assets Tahun 2012-2014
Tahun
No
Kode
1
INTP
2
Nama Perusahaan
2012
2013
2014
0.186
0.211
0.233
SMCB
Indocement Tunggal Prakasa
Tbk
Holcim Indonesia
0.038
0.063
0.111
3
SMGR
Semen Indonesia Tbk
0.162
0.173
0.183
4
AMFG
Asahimas Flat Glass Tbk
0.111
0.095
0.117
5
TOTO
Surya Toto Indonesia Tbk
0.144
0.135
0.151
6
ALMI
0.007
0.009
0.001
7
DPNS
Alumindo Light Metal Industry
Tbk
Duta Pratiwi Nusantara
0.111
0.260
0.054
8
SRSN
Indo Acitama Tbk
0.031
0.038
0.042
9
AKPI
Argha Karya Prima Industry Tbk
0.0156
0.0166
0.0181
10
IGAR
Champion Pasific Indonesia Tbk
0.315
0.111
0.142
11
TRST
Trias Sentosa Tbk
0.009
0.01
0.028
12
CPIN
0.08
0.16
0.22
13
JPFA
Charoen Pokphand Indonesia
Tbk
Japfa Comfeed Indonesia Tbk
0.021
0.04
0.09
14
FASW
Fajar Surya Wisesa Tbk
0.001
-0.044
0.016
15
ASII
Astra International Tbk
0.09
0.1
0.12
16
NIPS
Nippres Tbk
0.0856
0.0958
0.0967
17
SMSM
Selamat Sempurna Tbk
0.24
0.2
0.16
18
JECC
Jembo Cable Company Tbk
0.022
0.018
0.044
19
ADES
Akasha Wira International Tbk
0.061
0.126
0.214
20
DLTA
Delta Jakarta Tbk
0.2845
0.305
0.2792
21
ICBP
Indofood CBP Sukses Makmur
Tbk
0.11
0.114
0.138
73
Universitas Sumatera Utara
22
INDF
Indofood Sukses Makmur Tbk
0.063
0.05
0.085
23
MLBI
Multi Bintang Indonesia Tbk
0.356
0.485
0.657
24
MYOR
Mayora Indah Tbk
0.04
0.1
0.09
25
GGRM
Gudang Garam Tbk
0.085
0.046
0.060
26
KLBF
Kalbe Farma Tbk
0.1707
0.1741
0.1884
27
PYFA
Pyridam Farma Tbk
0.015
0.035
0.039
28
MBTO
Martina Bento Tbk
0.004
0.002
0.074
29
TCID
Mandom Indonesia Tbk
0.094
0.109
0.119
30
UNVR
Unilever Indonesia Tbk
0.544
0.564
0.573
31
KDSI
Kedawung Setia Industrial Tbk
0.5836
0.5860
0.4462
32
KICI
Kedaung Indag Can Tbk
0.067
0.115
0.032
33
MLIA
Mulia Industrindo Tbk
3.049
0.203
17.46
34
JPRS
Jaya Pari Steel Tbk
2.430
3.990
1.870
35
ETWA
Eterindo Wahanatama Tbk
0.040
0.061
0.106
36
SIPD
Sierad Produce Tbk
4.566
2.656
0.735
37
TIRT
Tirta Mahakam Resource Tbk
0.047
0.064
0.032
38
KBRI
0.492
0.305
13.481
39
SPMA
Kertas Basuki Rahmat Indonesia
Tbk
Suparma Tbk
0.024
0.014
0.023
40
AUTO
Astra Auto Part Tbk
0.130
0.080
0.070
41
IMAS
0.045
0.023
0.055
42
VOKS
Indomobil Sukse International
Tbk
Voksel Electric Tbk
86.58
19.98
54.95
43
ALTO
Tri Banyan Tirta Tbk
0.017
10.781
8.071
44
PSDN
Prashida Aneka Niaga
0.234
0.258
0.158
45
RMBA
0.240
0.192
0.148
46
INAF
Bentoel International Investama
Tbk
Indofarma Tbk
0.037
0.048
0.006
74
Universitas Sumatera Utara
Lampiran vi
Data Ukuran Perusahaan Tahun 2012-2014
Tahun
No
Kode
1
INTP
2
Nama Perusahaan
2012
2013
2014
30.76
30.91
30.99
SMCB
Indocement Tunggal Prakasa
Tbk
Holcim Indonesia
30.13
30.33
30.48
3
SMGR
Semen Indonesia Tbk
30.91
31.06
31.17
4
AMFG
Asahimas Flat Glass Tbk
28.77
28.89
29.00
5
TOTO
Surya Toto Indonesia Tbk
28.05
28.19
28.34
6
ALMI
28.26
28.64
28.80
7
DPNS
Alumindo Light Metal Industry
Tbk
Duta Pratiwi Nusantara
25.94
26.67
26.32
8
SRSN
Indo Acitama Tbk
26.72
26.67
26.86
9
AKPI
28.37
28.43
10
IGAR
Argha Karya Prima Industry
28.17
Tbk
Champion Pasific Indonesia Tbk 26.44
26.48
26.58
11
TRST
Trias Sentosa Tbk
28.41
28.81
28.81
12
CPIN
30.14
30.39
30.67
13
JPFA
Charoen Pokphand Indonesia
Tbk
Japfa Comfeed Indonesia Tbk
30.03
30.33
30.39
14
FASW
Fajar Surya Wisesa Tbk
29.35
29.37
29.35
15
ASII
Astra International Tbk
32.84
33.00
33.25
16
NIPS
Nippres Tbk
33.90
34.30
34.73
17
SMSM
Selamat Sempurna Tbk
28.08
28.17
28.19
18
JECC
Jembo Cable Company Tbk
27.29
27.85
27.69
19
ADES
Akasha Wira International Tbk
26.69
26.81
26.95
20
DLTA
Delta Jakarta Tbk
27.34
27.49
27.62
21
ICBP
Indofood CBP Sukses Makmur
Tbk
30.51
30.69
30.85
75
Universitas Sumatera Utara
22
INDF
Indofood Sukses Makmur Tbk
31.72
31.98
32.08
23
MLBI
Multi Bintang Indonesia Tbk
34.68
35.12
35.34
24
MYOR
Mayora Indah Tbk
29.75
29.90
29.96
25
GGRM
Gudang Garam Tbk
31.36
31.56
31.70
26
KLBF
Kalbe Farma Tbk
29.87
30.06
30.15
27
PYFA
Pyridam Farma Tbk
25.63
25.89
25.98
28
MBTO
Martina Bento Tbk
24.17
27.14
27.15
29
TCID
Mandom Indonesia Tbk
27.86
28.01
28.25
30
UNVR
Unilever Indonesia Tbk
30.11
30.22
30.29
31
KDSI
Kedawung Setia Industrial Tbk
27.07
27.47
27.58
32
KICI
Kedaung Indag Can Tbk
25.28
25.31
25.30
33
MLIA
Mulia Industrindo Tbk
29.51
29.60
29.61
34
JPRS
Jaya Pari Steel Tbk
26.71
26.65
26.64
35
ETWA
Eterindo Wahanatama Tbk
27.59
27.89
27.92
36
SIPD
Sierad Produce Tbk
21.92
21.87
21.75
37
TIRT
Tirta Mahakam Resource Tbk
27.24
27.31
27.29
38
KBRI
27.39
27.89
39
SPMA
Kertas Basuki Rahmat Indonesia 27.33
Tbk
Suparma Tbk
21.23
21.29
21.46
40
AUTO
Astra Auto Part Tbk
29.81
30.16
30.30
41
IMAS
23.59
23.83
23.88
42
VOKS
Indomobil Sukse International
Tbk
Voksel Electric Tbk
28.16
28.30
28.07
43
ALTO
Tri Banyan Tirta Tbk
20.61
21.12
20.94
44
PSDN
Prashida Aneka Niaga
27.25
27.25
27.15
45
RMBA
23.05
22.95
22.66
46
INAF
Bentoel International Investama
Tbk
Indofarma Tbk
27.80
27.89
27.85
Sumber : data olahan
76
Universitas Sumatera Utara
Lampiran vii
Hasil Ouput EVIEWS
Statistik Deskriptif
Mean
Maximum
Minimum
Std. Dev.
PBV
3.994891
53.58800
0.251000
8.796518
DER
3.198188
90.70000
0.010000
11.62286
ROA
1.791464
86.58000
-0.044000
9.044760
UKURANPERUSAHAAN
28.19036
35.34000
20.61000
3.005449
Sumber: Hasil Olah Software Eviews
Correlated Random Effects - Hausman Test
Pool: DATAPANEL
Test cross-section random effects
Test Summary
Cross-section random
Chi-Sq.
Statistic
Chi-Sq. d.f.
Prob.
1.456817
2
0.4827
Sumber: Hasil OlahSoftware Eviews
Dependent Variable: PBV?
Method: Pooled EGLS (Cross-section random effects)
Date: 04/27/16 Time: 23:32
Sample: 2012 2014
Included observations: 3
Cross-sections included: 46
Total pool (balanced) observations: 138
Swamy and Arora estimator of component variances
Variable
DER?
ROA?
C
R-squared
Adjusted R-squared
S.E. of regression
F-statistic
Prob(F-statistic)
Coefficient
Std. Error
t-Statistic
Prob.
-0.188965
0.074321
0.219179
0.087233
2.251637
0.230227
Weighted Statistics
-2.542557
2.512557
9.780064
0.0121
0.0132
0.0000
0.084005
0.070435
1.353238
6.190395
0.002678
Mean dependent var
S.D. dependent var
Sum squared resid
Durbin-Watson stat
1.257845
1.403571
247.2193
2.130213
77
Universitas Sumatera Utara
Variabel
Nilai
Probabilitas
dari Uji F
Tingkat
Signifikansi
0,002678
� = 0,05
ROA dan DER
Variabel
Interpretasi
Pengaruh ROA dan DER,
secara simultan signifikan
mempengaruhi PBV
(Sig
61
Universitas Sumatera Utara
Lampiran i
Daftar Populasi dan Sampel Penelitian
Kriteria
No
Kode
1
2
3
4
5
INTP
SMCB
SMGR
AMFG
ARNA
6
IKAI
7
8
9
10
KIAS
MLIA
TOTO
ALKA
11
ALMI
12
13
BTON
CTBN
14
GDST
15
16
INAI
ITMA
17
18
19
20
21
22
JKSW
JPRS
KRAS
LION
LMSH
MYRX
23
NIKL
24
PICO
Sampel
Perusahaan
1
Indocement Tunggal
√
Prakasa Tbk
Holcim Indonesia Tbk
√
Semen Gresik Tbk
√
√
Asahimas Flat Glass Tbk
√
Arwana Citra Mulia Tbk
Inti Keramik Alam Asri
√
Industri Tbk
Keramika Indonesia
√
Assosiasi Tbk
Mulia Industrindo Tbk
√
Surya Toto Indonesia Tbk √
√
Alaska Industrindo Tbk
Alumindo Light Metal
Industry Tbk
√
Beton Jaya Manunggal
√
Tbk
√
Citra Turbindo Tbk
Gunawan Dianjaya Steel
√
Tbk
Indal Aluminium Industry
Tbk
√
Itamaraya Tbk
√
Jakarta Kyoei Steel Work
LTD Tbk
√
√
Jaya Pari Steel Tbk
Krakatau Steel Tbk
√
Lion Metal Works Tbk
√
Lionmesh Prima Tbk
√
Hanson International Tbk √
Pelat Timah Nusantara
√
Tbk
Pelangi Indah Canindo
Tbk
√
2
3
4
5
√
√
√
√
-
√
-
-
-
√
√
√
√
-
-
√
√
√
-
√
√
√
√
√
-
√
-
√
-
√
√
√
√
√
-
√
-
-
√
-
-
-
√
-
-
√
√
√
-
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
1
2
3
4
√
√
√
5
6
7
-
-
√
√
-
√
-
√
-
8
-
√
62
Universitas Sumatera Utara
25
26
27
28
TBMS
BRPT
BUDI
DPNS
29
EKAD
30
ETWA
31
INCI
32
33
SOBI
SRSN
34
TPIA
35
36
UNIC
AKKU
37
38
39
AKPI
APLI
BRNA
40
FPNI
41
IGAR
42
43
44
45
IPOL
SIAP
SIMA
TRST
46
YPAS
47
CPIN
48
49
JPFA
MAIN
50
51
52
MBAI
SIPD
SULI
Tembaga Mulia Semanan
Tbk
Barito Pasific Tbk
Budi Acid Jaya Tbk
Duta Pertiwi Nusantara
Ekadharma International
Tbk
Eterindo Wahanatama
Tbk
Intan Wijaya
International Tbk
Sorini Agro Asia
Corporindo
Indo Acitama Tbk
Chandra Asri
Petrochemical Tbk
Unggul Indah Cahaya
Tbk
Alam Karya Unggul Tbk
Argha Karya Prima
Industry Tbk
Asiaplast Industries Tbk
Berlina Tbk
Titan Kimia Nusantara
Tbk
Champion Pasific
Indonesi Tbk
Indopoly Swakarsa
Industry Tbk
Sekawan Intipratama Tbk
Siwani Makmur Tbk
Trias Sentosa Tbk
Yana Prima Hasta
Persada Tbk
Charoen Pokphand
Indonesia Tbk
Japfa Comfeed Indonesia
Tbk
Malindo Feedmill Tbk
Multibreeder Adirama
Indonesia Tbk
Sierad Produce Tbk
Sumalindo Lestari Jaya
√
√
√
√
√
-
-
√
√
-
√
√
-
√
9
√
√
√
-
√
-
√
√
√
√
√
10
√
√
-
-
√
√
√
√
√
-
√
√
√
√
√
√
√
√
-
√
-
√
√
√
√
√
√
-
√
√
-
11
-
√
√
12
-
√
-
√
√
√
-
√
-
-
-
√
√
√
√
√
√
13
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
-
-
√
-
√
-
√
√
√
14
√
√
√
15
-
-
√
√
-
√
√
-
-
-
√
√
√
√
-
√
√
-
√
16
17
63
Universitas Sumatera Utara
53
54
55
TIRT
ALDO
FASW
56
57
INKP
INRU
58
KBRI
59
60
SAIP
SPMA
61
62
63
64
65
66
TKIM
ASII
AUTO
BRAM
GDYR
GJTL
67
68
IMAS
INDS
69
LPIN
70
71
MASA
NIPS
72
73
74
75
76
77
PRAS
SMSM
ADMG
ARGO
CNTX
ERTX
78
79
80
81
82
ESTI
HDTX
INDR
KARW
MYTX
Tbk
Tirta Mahakam
Resources Tbk
Alkindo Naratama Tbk
Fajar Surya Wisesa Tbk
Indah Kiat Pulp&paper
Tbk
Toba Pulp Lestari Tbk
Kertas Basuki Rachmat
Indonesia Tbk
Surabaya Agung Industri
Pulp&Kertas Tbk
Suparma Tbk
Pabrik Kertas Tjiwi
Kimia Tbk
Astra International Tbk
Astra Auto Part Tbk
Indo Kordsa Tbk
Goodyear Indonesia Tbk
Gajah Tunggal Tbk
Indomobil Sukses
International Tbk
Indospring Tbk
Multi Prima Sejahtera
Tbk
Multistrada Arah Sarana
Tbk
Nippres Tbk
Prima alloy steel
Universal Tbk
Selamat Sempurna Tbk
Polychem Indonesia Tbk
Argo Pantes Tbk
Centex Tbk
Eratex Djaya Tbk
Ever Shine Textile
Industry Tbk
Pan Asia Indosyntec Tbk
Indo Rama Synthetic Tbk
Karwell Indonesia Tbk
Apac Citra Centertex Tbk
√
√
√
√
√
√
√
√
√
√
√
-
√
√
√
-
√
√
18
√
19
√
-
-
-
√
-
√
20
-
√
√
√
√
√
√
21
√
√
√
√
√
22
23
√
√
√
-
√
-
√
√
√
√
√
√
√
√
√
√
-
√
√
√
√
-
√
√
-
√
√
-
√
-
-
-
√
√
√
√
√
√
√
√
√
√
√
-
√
25
√
√
√
√
√
26
√
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
-
√
-
√
√
√
-
√
√
-
-
-
√
√
-
√
√
24
_
-
-
√
64
Universitas Sumatera Utara
83
84
85
PAFI
PBRX
POLY
86
RICY
87
SSTM
88
89
TFCO
TRIS
90
91
92
UNIT
UNTX
BATA
93
BIMA
94
95
SIMM
IKBI
96
97
98
99
100
JECC
KBLI
KBLM
VOKS
PTSN
101 ADES
102
103
104
105
106
AISA
ALTO
CEKA
DAVO
DLTA
107 ICBP
108 INDF
109 MLBI
110 MYOR
111 PSDN
Pan Asia Filament Inti
Tbk
Pan Brothers Tbk
Asia Pasific Fibers Tbk
Ricky Putra Globalindo
Tbk
Sunson Textile
Manufacturer Tbk
Tifico Fiber Indonesia
Tbk
Trisula International Tbk
Nusantara Inti Corpora
Tbk
Unitex Tbk
Sepatu Bata Tbk
Primarindo Asia
Infrastructure
Surya Intrindo Makmur
Tbk
Sumi Indo Kabel Tbk
Jembo Cable Company
Tbk
KMI Wire and Cable Tbk
Kabelindo Murni Tbk
Voksel Electric Tbk
Sat Nusa Persada Tbk
Akasha Wira
International Tbk
Tiga Pilar Sejahtera Food
Tbk
Tri Banyan Tirta Tbk
Cahaya Kalbar Tbk
Davomas Abadi Tbk
Delta Jakarta Tbk
Indofood CBP Sukses
Makmur Tbk
Indofood Sukses Makmur
Tbk
Multi Bintang Indonesia
Tbk
Mayora Indah Tbk
Prashida Aneka Niaga
√
-
-
-
√
√
√
√
√
-
√
√
√
√
√
√
√
√
√
-
-
√
-
-
√
-
√
-
√
√
-
√
√
-
√
√
-
-
√
√
√
√
-
√
-
√
√
√
-
√
-
-
√
√
√
√
-
√
27
√
√
√
-
√
√
-
√
√
√
√
√
√
√
√
√
√
√
-
√
√
√
28
-
√
-
√
-
√
-
√
29
√
√
√
-
-
-
-
√
√
-
√
30
√
√
-
-
√
√
√
√
√
√
31
√
√
√
√
√
√
33
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
-
√
32
√
√
34
35
36
√
65
Universitas Sumatera Utara
112
113
114
115
116
ROTI
SKBM
SKLT
STTP
GGRM
117 HMSP
118 RMBA
119 WIIM
120
121
122
123
124
125
DVLA
INAF
KAEF
KLBF
MERK
PYFA
126 SCPI
127 SQBB
128
129
130
131
132
TSPC
MBTO
MRAT
TCID
UNVR
133 KDSI
134 KICI
135 LMPI
Nippon Indosari
Corporindo Tbk
Sekar Bumi Tbk
Sekar Laut Tbk
Siantar Top Tbk
Gudang Garam Tbk
Hanjaya Mandala
Sampoerna Tbk
Bentoel International
Investama Tbk
Wismilak Inti Makmur
Tbk
Darya Varia Laboratoria
Tbk
Indofarma Tbk
Kimia Farma Tbk
Kalbe Farma Tbk
Merck Indonesia Tbk
Pyridam Farma Tbk
Merck Sharp Dohme
Pharma Tbk
Taisho Pharmaceutical
Indonesia Tbk
Tempo Scan Pasific Tbk
Martina Bento Tbk
Mustika Ratu Tbk
Mandom Indoenesia Tbk
Unilever Indonesia Tbk
Kedawung Setia
Industrial Tbk
Kedaung Indag Can Tbk
Langgeng Makmur
Industry Tbk
√
√
√
-
√
-
-
-
-
√
-
√
√
-
√
√
√
√
√
√
√
√
√
√
√
√
-
√
-
√
√
√
37
38
-
√
√
-
-
√
√
√
√
√
-
√
√
-
√
-
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
-
√
√
√
√
√
√
√
√
√
√
√
-
√
√
√
-
39
40
41
√
√
√
√
√
√
√
√
√
-
-
√
√
√
√
√
√
√
√
√
42
√
43
44
√
√
45
46
√
66
Universitas Sumatera Utara
Lampiran ii
Daftar Sampel Penelitian
No
Kode
1
2
3
4
5
6
INTP
SMCB
SMGR
AMFG
MLIA
TOTO
7
8
9
ALMI
JPRS
DPNS
10
11
ETWA
SRSN
12
AKPI
13
14
IGAR
TRST
15
CPIN
16
17
JPFA
SIPD
18
19
TIRT
FASW
20
21
22
23
KBRI
SPMA
ASII
AUTO
24
IMAS
25
LPIN
Perusahaan
Indocement Tunggal
Prakasa Tbk
Holcim Indonesia Tbk
Semen Gresik Tbk
Asahimas Flat Glass Tbk
Mulia Industrindo Tbk
Surya Toto Indonesia Tbk
Alumindo Light Metal
Industry Tbk
Jaya Pari Steel Tbk
Duta Pertiwi Nusantara
Eterindo Wahanatama
Tbk
Indo Acitama Tbk
Argha Karya Prima
Industry Tbk
Champion Pasific
Indonesi Tbk
Trias Sentosa Tbk
Charoen Pokphand
Indonesia Tbk
Japfa Comfeed Indonesia
Tbk
Sierad Produce Tbk
Tirta Mahakam
Resources Tbk
Fajar Surya Wisesa Tbk
Kertas Basuki Rachmat
Indonesia Tbk
Suparma Tbk
Astra International Tbk
Astra Auto Part Tbk
Indomobil Sukses
International Tbk
Multi Prima Sejahtera
Tbk
67
Universitas Sumatera Utara
26
27
NIPS
SMSM
28
29
JECC
VOKS
30
31
32
ADES
ALTO
DLTA
33
ICBP
34
INDF
35
36
37
38
MLBI
MYOR
PSDN
GGRM
39
40
41
42
43
44
45
RMBA
INAF
KLBF
PYFA
MBTO
TCID
UNVR
46
47
KDSI
KICI
Nippres Tbk
Selamat Sempurna Tbk
Jembo Cable Company
Tbk
Voksel Electric Tbk
Akasha Wira
International Tbk
Tri Banyan Tirta Tbk
Delta Jakarta Tbk
Indofood CBP Sukses
Makmur Tbk
Indofood Sukses Makmur
Tbk
Multi Bintang Indonesia
Tbk
Mayora Indah Tbk
Prashida Aneka Niaga
Gudang Garam Tbk
Bentoel International
Investama Tbk
Indofarma Tbk
Kalbe Farma Tbk
Pyridam Farma Tbk
Martina Bento Tbk
Mandom Indoenesia Tbk
Unilever Indonesia Tbk
Kedawung Setia
Industrial Tbk
Kedaung Indag Can Tbk
68
Universitas Sumatera Utara
Lampiran iii
Data Price to Book Value Tahun 2012-2014
Tahun
No
Kode
1
INTP
2
Nama Perusahaan
2012
2013
2014
4.256
3.204
3.713
SMCB
Indocement Tunggal Prakasa
Tbk
Holcim Indonesia
2.64
1.987
1.912
3
SMGR
Semen Indonesia Tbk
5.176
3.849
3.843
4
AMFG
Asahimas Flat Glass Tbk
1.466
1.1
1.097
5
TOTO
Surya Toto Indonesia Tbk
3.668
3.683
3.199
6
ALMI
0.341
0.281
0.252
7
DPNS
Alumindo Light Metal Industry
Tbk
Duta Pratiwi Nusantara
0.819
0.695
0.367
8
SRSN
Indo Acitama Tbk
1.118
0.957
0.957
9
AKPI
0.482
0.491
10
IGAR
Argha Karya Prima Industry
0.603
Tbk
Champion Pasific Indonesia Tbk 2.266
1.994
1.837
11
TRST
Trias Sentosa Tbk
0.675
0.411
0.606
12
CPIN
7.019
5.562
5.664
13
JPFA
Charoen Pokphand Indonesia
Tbk
Japfa Comfeed Indonesia Tbk
2.725
2.475
1.911
14
FASW
Fajar Surya Wisesa Tbk
3.291
3.507
2.486
15
ASII
Astra International Tbk
3.403
2.592
2.498
16
NIPS
Nippres Tbk
0.406
0.992
1.257
17
SMSM
Selamat Sempurna Tbk
3.836
4.884
5.962
18
JECC
Jembo Cable Company Tbk
2.831
2.918
2.074
19
ADES
Akasha Wira International Tbk
5.360
4.456
2.742
20
DLTA
Delta Jakarta Tbk
6.826
8.994
8.169
21
ICBP
Indofood CBP Sukses Makmur
Tbk
3.941
4.483
5.079
69
Universitas Sumatera Utara
22
INDF
Indofood Sukses Makmur Tbk
1.505
1.529
1.438
23
MLBI
Multi Bintang Indonesia Tbk
46.95
25.60
45.46
24
MYOR
Mayora Indah Tbk
4.998
5.972
4.558
25
GGRM
Gudang Garam Tbk
4.05
2.747
3.515
26
KLBF
Kalbe Farma Tbk
7.302
6.894
8.738
27
PYFA
Pyridam Farma Tbk
1.049
1.084
0.748
28
MBTO
Martina Bento Tbk
0.894
0.723
0.471
29
TCID
Mandom Indonesia Tbk
2.016
2.023
2.745
30
UNVR
Unilever Indonesia Tbk
40.765
46.623
53.588
31
KDSI
Kedawung Setia Industrial Tbk
0.634
0.397
0.372
32
KICI
Kedaung Indag Can Tbk
0.56
0.504
0.47
33
MLIA
Mulia Industrindo Tbk
0,251
0,472
0,526
34
JPRS
Jaya Pari Steel Tbk
0,712
0,559
0,51
35
ETWA
Eterindo Wahanatama Tbk
0.685
0.792
0.943
36
SIPD
Sierad Produce Tbk
0.367
0.365
0.386
37
TIRT
Tirta Mahakam Resource Tbk
0,673
0,891
1,059
38
KBRI
0,627
0,642
39
SPMA
Kertas Basuki Rahmat Indonesia 0,611
Tbk
Suparma Tbk
0,555
0,415
0,365
40
AUTO
Astra Auto Part Tbk
2,376
1,866
1,997
41
IMAS
0.714
1.328
0.986
42
VOKS
Indomobil Sukse International
Tbk
Voksel Electric Tbk
1.130
1.423
1.280
43
ALTO
Tri Banyan Tirta Tbk
1,214
2,378
1,5
44
PSDN
Prashida Aneka Niaga
0,721
0,517
0,544
45
RMBA
2,208
4,653
2,68
46
INAF
Bentoel International Investama
Tbk
Indofarma Tbk
1,502
0,803
1,859
70
Universitas Sumatera Utara
Lampiran iv
Data Debt to Equity Ratiotahun 2012-2014
Tahun
No
Kode
1
INTP
2
Nama Perusahaan
2012
2013
2014
0.80
0.70
0.50
SMCB
Indocement Tunggal Prakasa
Tbk
Holcim Indonesia
0.20
0.42
0.62
3
SMGR
Semen Indonesia Tbk
2.22
1.96
1.63
4
AMFG
Asahimas Flat Glass Tbk
2.68
2.82
2.30
5
TOTO
Surya Toto Indonesia Tbk
0.69
0.68
0.64
6
ALMI
2.20
3.18
4.01
7
DPNS
Alumindo Light Metal Industry
Tbk
Duta Pratiwi Nusantara
1.86
1.47
1.38
8
SRSN
Indo Acitama Tbk
0.40
0.33
0.49
9
AKPI
Argha Karya Prima Industry Tbk
1.03
1.02
1.15
10
IGAR
Champion Pasific Indonesia Tbk
0.43
0.62
0.52
11
TRST
Trias Sentosa Tbk
61.7
90.7
85.1
12
CPIN
0.51
0.58
0.91
13
JPFA
Charoen Pokphand Indonesia
Tbk
Japfa Comfeed Indonesia Tbk
1.40
2.00
2.10
14
FASW
Fajar Surya Wisesa Tbk
1.40
2.00
1.30
15
ASII
Astra International Tbk
1.00
1.00
1.00
16
NIPS
Nippres Tbk
1.59
2.18
1.09
17
SMSM
Selamat Sempurna Tbk
0.71
0.68
0.53
18
JECC
Jembo Cable Company Tbk
0.39
0.73
0.52
19
ADES
Akasha Wira International Tbk
0.86
0.61
0.71
20
DLTA
Delta Jakarta Tbk
0.25
0.28
0.30
21
ICBP
Indofood CBP Sukses Makmur
Tbk
0.49
0.60
0.66
71
Universitas Sumatera Utara
22
INDF
Indofood Sukses Makmur Tbk
0.74
1.05
1.08
23
MLBI
Multi Bintang Indonesia Tbk
2.49
0.80
3.03
24
MYOR
Mayora Indah Tbk
1.71
1.49
1.51
25
GGRM
Gudang Garam Tbk
0.56
0.72
0.75
26
KLBF
Kalbe Farma Tbk
2.77
7.01
3.16
27
PYFA
Pyridam Farma Tbk
0.30
0.56
0.53
28
MBTO
Martina Bento Tbk
0.40
0.35
0.36
29
TCID
Mandom Indonesia Tbk
0.15
0.23
0.44
30
UNVR
Unilever Indonesia Tbk
1.85
1.98
2.10
31
KDSI
Kedawung Setia Industrial Tbk
0.80
1.41
1.40
32
KICI
Kedaung Indag Can Tbk
0.23
0.33
0.43
33
MLIA
Mulia Industrindo Tbk
4.30
5.04
4.46
34
JPRS
Jaya Pari Steel Tbk
1.47
3.87
4.31
35
ETWA
Eterindo Wahanatama Tbk
0.81
1.69
2.84
36
SIPD
Sierad Produce Tbk
1.58
1.45
1.51
37
TIRT
Tirta Mahakam Resource Tbk
5.45
0.01
7.68
38
KBRI
0.04
0.13
0.91
39
SPMA
Kertas Basuki Rahmat Indonesia
Tbk
Suparma Tbk
1.03
1.22
1.49
40
AUTO
Astra Auto Part Tbk
0.60
0.30
0.40
41
IMAS
2.08
2.35
2.49
42
VOKS
Indomobil Sukse International
Tbk
Voksel Electric Tbk
1.81
2.25
2.01
43
ALTO
Tri Banyan Tirta Tbk
1.64
1.83
1.33
44
PSDN
Prashida Aneka Niaga
0.67
0.63
0.64
45
RMBA
8.33
9.47
2.60
46
INAF
Bentoel International Investama
Tbk
Indofarma Tbk
0.82
1.19
1.10
72
Universitas Sumatera Utara
Lampiran v
Data Return On Assets Tahun 2012-2014
Tahun
No
Kode
1
INTP
2
Nama Perusahaan
2012
2013
2014
0.186
0.211
0.233
SMCB
Indocement Tunggal Prakasa
Tbk
Holcim Indonesia
0.038
0.063
0.111
3
SMGR
Semen Indonesia Tbk
0.162
0.173
0.183
4
AMFG
Asahimas Flat Glass Tbk
0.111
0.095
0.117
5
TOTO
Surya Toto Indonesia Tbk
0.144
0.135
0.151
6
ALMI
0.007
0.009
0.001
7
DPNS
Alumindo Light Metal Industry
Tbk
Duta Pratiwi Nusantara
0.111
0.260
0.054
8
SRSN
Indo Acitama Tbk
0.031
0.038
0.042
9
AKPI
Argha Karya Prima Industry Tbk
0.0156
0.0166
0.0181
10
IGAR
Champion Pasific Indonesia Tbk
0.315
0.111
0.142
11
TRST
Trias Sentosa Tbk
0.009
0.01
0.028
12
CPIN
0.08
0.16
0.22
13
JPFA
Charoen Pokphand Indonesia
Tbk
Japfa Comfeed Indonesia Tbk
0.021
0.04
0.09
14
FASW
Fajar Surya Wisesa Tbk
0.001
-0.044
0.016
15
ASII
Astra International Tbk
0.09
0.1
0.12
16
NIPS
Nippres Tbk
0.0856
0.0958
0.0967
17
SMSM
Selamat Sempurna Tbk
0.24
0.2
0.16
18
JECC
Jembo Cable Company Tbk
0.022
0.018
0.044
19
ADES
Akasha Wira International Tbk
0.061
0.126
0.214
20
DLTA
Delta Jakarta Tbk
0.2845
0.305
0.2792
21
ICBP
Indofood CBP Sukses Makmur
Tbk
0.11
0.114
0.138
73
Universitas Sumatera Utara
22
INDF
Indofood Sukses Makmur Tbk
0.063
0.05
0.085
23
MLBI
Multi Bintang Indonesia Tbk
0.356
0.485
0.657
24
MYOR
Mayora Indah Tbk
0.04
0.1
0.09
25
GGRM
Gudang Garam Tbk
0.085
0.046
0.060
26
KLBF
Kalbe Farma Tbk
0.1707
0.1741
0.1884
27
PYFA
Pyridam Farma Tbk
0.015
0.035
0.039
28
MBTO
Martina Bento Tbk
0.004
0.002
0.074
29
TCID
Mandom Indonesia Tbk
0.094
0.109
0.119
30
UNVR
Unilever Indonesia Tbk
0.544
0.564
0.573
31
KDSI
Kedawung Setia Industrial Tbk
0.5836
0.5860
0.4462
32
KICI
Kedaung Indag Can Tbk
0.067
0.115
0.032
33
MLIA
Mulia Industrindo Tbk
3.049
0.203
17.46
34
JPRS
Jaya Pari Steel Tbk
2.430
3.990
1.870
35
ETWA
Eterindo Wahanatama Tbk
0.040
0.061
0.106
36
SIPD
Sierad Produce Tbk
4.566
2.656
0.735
37
TIRT
Tirta Mahakam Resource Tbk
0.047
0.064
0.032
38
KBRI
0.492
0.305
13.481
39
SPMA
Kertas Basuki Rahmat Indonesia
Tbk
Suparma Tbk
0.024
0.014
0.023
40
AUTO
Astra Auto Part Tbk
0.130
0.080
0.070
41
IMAS
0.045
0.023
0.055
42
VOKS
Indomobil Sukse International
Tbk
Voksel Electric Tbk
86.58
19.98
54.95
43
ALTO
Tri Banyan Tirta Tbk
0.017
10.781
8.071
44
PSDN
Prashida Aneka Niaga
0.234
0.258
0.158
45
RMBA
0.240
0.192
0.148
46
INAF
Bentoel International Investama
Tbk
Indofarma Tbk
0.037
0.048
0.006
74
Universitas Sumatera Utara
Lampiran vi
Data Ukuran Perusahaan Tahun 2012-2014
Tahun
No
Kode
1
INTP
2
Nama Perusahaan
2012
2013
2014
30.76
30.91
30.99
SMCB
Indocement Tunggal Prakasa
Tbk
Holcim Indonesia
30.13
30.33
30.48
3
SMGR
Semen Indonesia Tbk
30.91
31.06
31.17
4
AMFG
Asahimas Flat Glass Tbk
28.77
28.89
29.00
5
TOTO
Surya Toto Indonesia Tbk
28.05
28.19
28.34
6
ALMI
28.26
28.64
28.80
7
DPNS
Alumindo Light Metal Industry
Tbk
Duta Pratiwi Nusantara
25.94
26.67
26.32
8
SRSN
Indo Acitama Tbk
26.72
26.67
26.86
9
AKPI
28.37
28.43
10
IGAR
Argha Karya Prima Industry
28.17
Tbk
Champion Pasific Indonesia Tbk 26.44
26.48
26.58
11
TRST
Trias Sentosa Tbk
28.41
28.81
28.81
12
CPIN
30.14
30.39
30.67
13
JPFA
Charoen Pokphand Indonesia
Tbk
Japfa Comfeed Indonesia Tbk
30.03
30.33
30.39
14
FASW
Fajar Surya Wisesa Tbk
29.35
29.37
29.35
15
ASII
Astra International Tbk
32.84
33.00
33.25
16
NIPS
Nippres Tbk
33.90
34.30
34.73
17
SMSM
Selamat Sempurna Tbk
28.08
28.17
28.19
18
JECC
Jembo Cable Company Tbk
27.29
27.85
27.69
19
ADES
Akasha Wira International Tbk
26.69
26.81
26.95
20
DLTA
Delta Jakarta Tbk
27.34
27.49
27.62
21
ICBP
Indofood CBP Sukses Makmur
Tbk
30.51
30.69
30.85
75
Universitas Sumatera Utara
22
INDF
Indofood Sukses Makmur Tbk
31.72
31.98
32.08
23
MLBI
Multi Bintang Indonesia Tbk
34.68
35.12
35.34
24
MYOR
Mayora Indah Tbk
29.75
29.90
29.96
25
GGRM
Gudang Garam Tbk
31.36
31.56
31.70
26
KLBF
Kalbe Farma Tbk
29.87
30.06
30.15
27
PYFA
Pyridam Farma Tbk
25.63
25.89
25.98
28
MBTO
Martina Bento Tbk
24.17
27.14
27.15
29
TCID
Mandom Indonesia Tbk
27.86
28.01
28.25
30
UNVR
Unilever Indonesia Tbk
30.11
30.22
30.29
31
KDSI
Kedawung Setia Industrial Tbk
27.07
27.47
27.58
32
KICI
Kedaung Indag Can Tbk
25.28
25.31
25.30
33
MLIA
Mulia Industrindo Tbk
29.51
29.60
29.61
34
JPRS
Jaya Pari Steel Tbk
26.71
26.65
26.64
35
ETWA
Eterindo Wahanatama Tbk
27.59
27.89
27.92
36
SIPD
Sierad Produce Tbk
21.92
21.87
21.75
37
TIRT
Tirta Mahakam Resource Tbk
27.24
27.31
27.29
38
KBRI
27.39
27.89
39
SPMA
Kertas Basuki Rahmat Indonesia 27.33
Tbk
Suparma Tbk
21.23
21.29
21.46
40
AUTO
Astra Auto Part Tbk
29.81
30.16
30.30
41
IMAS
23.59
23.83
23.88
42
VOKS
Indomobil Sukse International
Tbk
Voksel Electric Tbk
28.16
28.30
28.07
43
ALTO
Tri Banyan Tirta Tbk
20.61
21.12
20.94
44
PSDN
Prashida Aneka Niaga
27.25
27.25
27.15
45
RMBA
23.05
22.95
22.66
46
INAF
Bentoel International Investama
Tbk
Indofarma Tbk
27.80
27.89
27.85
Sumber : data olahan
76
Universitas Sumatera Utara
Lampiran vii
Hasil Ouput EVIEWS
Statistik Deskriptif
Mean
Maximum
Minimum
Std. Dev.
PBV
3.994891
53.58800
0.251000
8.796518
DER
3.198188
90.70000
0.010000
11.62286
ROA
1.791464
86.58000
-0.044000
9.044760
UKURANPERUSAHAAN
28.19036
35.34000
20.61000
3.005449
Sumber: Hasil Olah Software Eviews
Correlated Random Effects - Hausman Test
Pool: DATAPANEL
Test cross-section random effects
Test Summary
Cross-section random
Chi-Sq.
Statistic
Chi-Sq. d.f.
Prob.
1.456817
2
0.4827
Sumber: Hasil OlahSoftware Eviews
Dependent Variable: PBV?
Method: Pooled EGLS (Cross-section random effects)
Date: 04/27/16 Time: 23:32
Sample: 2012 2014
Included observations: 3
Cross-sections included: 46
Total pool (balanced) observations: 138
Swamy and Arora estimator of component variances
Variable
DER?
ROA?
C
R-squared
Adjusted R-squared
S.E. of regression
F-statistic
Prob(F-statistic)
Coefficient
Std. Error
t-Statistic
Prob.
-0.188965
0.074321
0.219179
0.087233
2.251637
0.230227
Weighted Statistics
-2.542557
2.512557
9.780064
0.0121
0.0132
0.0000
0.084005
0.070435
1.353238
6.190395
0.002678
Mean dependent var
S.D. dependent var
Sum squared resid
Durbin-Watson stat
1.257845
1.403571
247.2193
2.130213
77
Universitas Sumatera Utara
Variabel
Nilai
Probabilitas
dari Uji F
Tingkat
Signifikansi
0,002678
� = 0,05
ROA dan DER
Variabel
Interpretasi
Pengaruh ROA dan DER,
secara simultan signifikan
mempengaruhi PBV
(Sig