Analisis Faktor-Faktor yang Mempengaruhi Keputusan Pendanaan pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia

LAMPIRAN

Lampiran 1 Daftar Pemilihan Sampel

  9 Barito Pacific Tbk. [S] √ Bentoel International Investama Tbk.

  Goodyear Indonesia Tbk. [S] √ √ Gudang Garam Tbk. √ √ √ 19 Gunawan Dianjaya Steel Tbk. [S] √ √ √ 20

  √ Fajar Surya Wisesa Tbk. √ √ Gajah Tunggal Tbk. √ √

  Ekadharma International Tbk. [S] √ √ √ 18 Eratex Djaja Tbk **) √ Eterindo Wahanatama Tbk. [S] √ √ Ever Shine Textile Industry Tbk. [S]

  Duta Pertiwi Nusantara Tbk. [S] √ Dynaplast Tbk.

  √ Delta Djakarta Tbk. √ √ √ 17

  Charoen Pokphand Indonesia Tbk. [S] √ √ √ 15 Citra Tubindo Tbk. [S] √ √ Darya-Varia Laboratoria Tbk. [S] √ √ √ 16 Davomas Abadi Tbk.

  Chandra Asri Petrochemical Tbk. [S] √

  Champion Pasific Indonesia Tbk. [S] √ √ √ 14

  √ Centex Saham Seri B Tbk. √

  Betonjaya Manunggal Tbk. [S] √ √ √ 11 Budi Acid Jaya Tbk. √ √ √ 12 Cahaya Kalbar Tbk. √ √ √ 13 Centex (Preferred Stock) Tbk.***)

  √ Berlina Tbk. √ √ √ 10

     

  Nama Perusahaan

kriteria

  7 Astra International Tbk. [S] √ √ √

  6 Asia Pacific Fibers Tbk. **)***) √ Asiaplast Industries Tbk. [S] √ √ √

  5 Asahimas Flat Glass Tbk. [S] √ √ √

  4 Arwana Citramulia Tbk. [S] √ √ √

  √ √ √

  Apac Citra Centertex Tbk. √ Aqua Golden Mississippi Tbk. ***) Argha Karya Prima Ind. Tbk. [S] √ √ Argo Pantes Tbk.

  3 Aneka Kemasindo Utama Tbk. √

  2 Alumindo Light Metal Industry Tbk. √ √ √

  1 Alakasa Industrindo Tbk. [S] √ √ √

  Akasha Wira International Tbk √ √ √

  3 Keterangan

  

1

kriteria 2 kriteria

  8 Astra Otoparts Tbk. [S] √ √ √

     

  √ JAPFA Comfeed Indonesia Tbk. [S]

  √ Multi Bintang Indonesia Tbk. √ √ √ 41

  √ √ √ 40 Mulia Industrindo Tbk. **)

  √ √ √ 39 Merck Tbk. [S]

  √ √ Malindo Feedmill Tbk. √ √ √ 37 Mandom Indonesia Tbk. [S] √ √ √ 38 Martina Berto Tbk. [S] √ √ Mayora Indah Tbk. [S]

  √ √ Lionmesh Prima Tbk. [S]

  √ √ √ 36 Lion Metal Works Tbk. [S]

  √ Langgeng Makmur Industri Tbk. [S]

  √ Kertas Basuki Rachmat Ind. Tbk. [S] √ Kimia Farma Tbk. [S] √ √ √ 34 KMI Wire and Cable Tbk. [S] √ √ √ 35 Krakatau Steel Tbk. [S]

  Kedawung Setia Industrial Tbk. [S] √ √ √ 33 Keramika Indonesia Assosiasi Tbk.

  √ Kedaung Indah Can Tbk. √ √ √ 32

  √ √ √ 30 Jembo Cable Company Tbk. √ Kabelindo Murni Tbk. [S] √ √ Kalbe Farma Tbk. [S] √ √ √ 31 Karwell Indonesia Tbk. **)

  √ √ √ 29 Jaya Pari Steel Tbk. [S]

  √ √ √ 28 Intanwijaya Internasional Tbk. [S] √ Intikeramik Alamasri Industri Tbk. [S] √ Itamaraya Tbk. √ Jakarta Kyoei Steel Works Tbk **)

  Nama Perusahaan

kriteria

  Indorama Synthetics Tbk. [S] √ √ Indospring Tbk.

  √ √ Indopoly Swakarsa Industry Tbk. √ √

  Indofarma (Persero) Tbk. [S] √ √ Indofood CBP Sukses Makmur Tbk. √ √ √ 26 Indofood Sukses Makmur Tbk. √ √ √ 27 Indomobil Sukses Internasional Tbk.

  Indocement Tunggal Prakasa Tbk. [S] √ √ √ 25

  2 Indo Kordsa Tbk. [S] √ √

  √ √ √

  √ √ √ 23 Indo Acidatama Tbk. [S]

  HM Sampoerna Tbk. √ √ √ 21 Holcim Indonesia Tbk. [S] √ √ √ 22 Indah Kiat Pulp & Paper Tbk. √ Indal Aluminium Industry Tbk.

  Hanson International Tbk. **) √

  Hanson International Seri B Tbk. * √

  3 Keterangan

  

1

kriteria 2 kriteria

  Multi Prima Sejahtera Tbk. [S] √ √ √ 42 Multistrada Arah Sarana Tbk. [S] √ √ Mustika Ratu Tbk. [S] √ √ √ 43

     

  Schering Plough Indonesia Tbk. √ Sekar Laut Tbk. [S] √ √ √ 52 Sekawan Intipratama Tbk. [S] √ √ √ 53 Selamat Sempurna Tbk. [S]

  √ √ Tiga Pilar Sejahtera Food Tbk. √ √ √ 61 Tirta Mahakam Resources Tbk. √

  [S] √ √ √ 59 Tembaga Mulia Semanan Tbk. √ √ Tempo Scan Pacific Tbk. [S] √ √ √ 60 Tifico Fiber Indonesia Tbk. [S]

  √ √ Surabaya Agung Industry Pulp Tbk. ** √ Surya Intrindo Makmur Tbk. **) √ Surya Toto Indonesia Tbk [S] √ √ Taisho Pharmaceutical Indonesia (PS) Tbk. √ Taisho Pharmaceutical Indonesia Tbk.

  Sunson Textile Manufacture Tbk. √ Suparma Tbk. √ √ √ 58 Supreme Cable Manufacturind and Commerce Tbk.

  Sumi Indo Kabel Tbk. [S] √ √

  √ √ Sucaco Tbk. √ Sumalindo Lestari Jaya Tbk. √

  √ √ √ 56 Siantar Top Tbk. [S] √ √ √ 57 Sierad Produce Tbk. [S] √ √ Siwani Makmur Tbk. √ Sorini Agro Asia Corporinndo Tbk.

  √ √ √ 55 Sepatu Bata Tbk. [S]

  √ √ √ 54 Semen Gresik (Persero) Tbk. [S]

  √ √ √ 51 Sat NusaPersada Tbk. √

  Nama Perusahaan

kriteria

  √ √ √ 50 Ricky Putra Globalindo Tbk. [S]

  √ √ √ 49 Pyridam Farma Tbk. [S]

  Polychem Indonesia Tbk. √ √ Prasidha Aneka Niaga Tbk. √ √ Prima Alloy Steel Tbk. √ √ √ 48 Primarindo Asia Infrastructur Tbk. *

  Pelat Timah Nusantara Tbk. [S] √

  √ Panasia Indo Resources Tbk. √ √ √ 47 Pelangi Indah Canindo Tbk. √ √

  √ √ √ 45 Nusantara Inti Corpora Tbk. [S] √ √ Pabrik Kertas Tjiwi Kimia Tbk. √ √ Pan Brothers Tex Tbk. √ √ √ 46 Panasia Filament Inti Tbk. **)

  Nippon Indosari Corpindo Tbk √ √ √ 44 Nipress Tbk.

  3 Keterangan

  

1

kriteria 2 kriteria

  Titan Kimia Nusantara Tbk. [S] Toba Pulp Lestari Tbk. [S] *) √ √

No. Kode Nama Perusahaan 1 ADES Akasha Wira International Tbk

     

  24 INTP Indocement Tunggal Prakasa Tbk

  17 EKAD Ekadharma International Tbk

  18 GGRM Gudang Garam Tbk 19 GDSI Gunawan Dianjaya Steel Tbk.

  20 HMSP Hanjaya Mandala Sampoerna Tbk

  21 SMCB Holcim Indonesia Tbk

  22 INAI Indal Aluminium Industry Tbk.

  23 SRSN Indo Acitama Tbk

  26 INDF Indofood Sukses Makmur Tbk

  25 ICBP Indofood CBP Sukses Makmur Tbk.

  15 DVLA Darya Varia Laboratoria Tbk

  27 INDS Indospring Tbk

  28 JPFA Japfa Comfeed Indonesia Tbk

  29 JPRS Jaya Pari Steel Tbk

  30 KLBF Kalbe Farma Tbk

  32 KDSI Kedawung Setia Industrial Tbk

  33 KAEF Kimia Farma Tbk

  16 DLTA Delta Djakarta Tbk

  14 CPIN Charoen Pokphand Indonesia Tbk

  Nama Perusahaan

kriteria

  Lampiran 2 Daftar Sampel Perusahaan

  

1

kriteria 2 kriteria

  3 Keterangan

  Trias Sentosa Tbk. [S] √ √ √ 62

  Ultra Jaya Milk Tbk. [S] √ √ √ 63

  Unggul Indah Cahaya Tbk. [S] √ √ Unilever Indonesia Tbk. [S] ***) √ √ √ 64 Unitex Tbk. **) √ Voksel Electric Tbk. [S]

  √ √ √ 65 Yanaprima Hastapersada Tbk. [S]

  √ √ √ 66

  2 ALKA Alaska Industrindo Tbk 3 ALMI Alumindo Light Metal Industry Tbk.

  13 IGAR Champion Pasific Indonesia Tbk

  4 ARNA Arwana Citra Mulia Tbk

  5 AMFG Asahimas Flat Glass Tbk 6 APLI Asiaplast Industries tbk.

  7 AUTO Astra Auto Part Tbk

  8 ASII Astra International Tbk

  9 BRNA Berlina Tbk

  10 BTON Beton Jaya Manunggal Tbk

  11 BUDI Budi Acid Jaya Tbk

  12 CEKA Cahaya Kalbar Tbk

No. Kode Nama Perusahaan 31 KICI Kedaung Indah Can Tbk

     

  52 SIAP Sekawan Intipratama Tbk

  65 VOKS Voksel Electric Tbk

  64 UNVR Unilever Indonesia Tbk

  63 ULTJ Ultrajaya Milk Industry and Trading Company Tbk

  62 TRST Trias Sentosa Tbk

  61 AISA Tiga Pilar Sejahtera Food Tbk

  60 TSPC Tempo Scan Pasific Tbk

  59 SQBB Taisho Pharmaceutical Indonesia Tbk

  58 TOTO Surya Toto Indonesia Tbk

  56 STTP Siantar Top Tbk 57 SPMA Suparma Tbk.

  55 BATA Sepatu Bata Tbk

  54 SMGR Semen Gresik Tbk

  53 SMSM Selamat Sempurna Tbk

  51 SKLT Sekar Laut Tbk

  34 KBLI KMI Wire and Cable Tbk 35 LMPI Laggeng Makmur Industri Tbk.

  49 PYFA Pyridam Farma Tbk 50 RICY Ricky Putra Globalindo Tbk.

  48 BIMA Primarindo Asia Insfrastructure Tbk.

  47 PRAS Prima Alloy Steel Universal Tbk.

  46 HDTX Panasia Indo Resources Tbk.

  44 NIPS Nippress TBk Tbk 45 PBRX Pan Brothers Tbk.

  42 MRAT Mustika Ratu Tbk 43 ROTI Nippon Indosari Corpindo Tbk.

  41 LPIN Multi Prima Sejahtera Tbk

  40 MLBI Multi Bintang Indonesia Tbk

  39 MERK Merck Tbk

  38 MYOR Mayora Indah Tbk

  37 TCID Mandom Indonesia Tbk

  36 MAIN Malindo Feedmill Tbk

  66 YPAS Yana Prima Hasta Persada Tbk

     

  Lampiran 3 Daftar Ukuran Profitabilitas, Price Earning Ratio, Struktur Aktiva, Ukuran Perusahaan dan Keputusan Pendanaan (DER).

  

NO ROA PER FAR Total Aset ln(Total Aset) DER

  1 ADES 10,34 18,52 0,59 Rp 324.493 12,69001924 2,25 2 2011 9,37 22,73 0,59 Rp 316.048 12,66364938 1,51 3 2012 21,42 7,09 0,51 Rp 389.094 12,87157624 0,86

  4 ALKA 3,40 16,37 0,08 Rp 159.196 11,97789143 3,08 5 2011 4,81 6,82 0,05 Rp 258.484 12,46258908 4,32 6 2012 4,24 13,28 0,10 Rp 147.882 11,90416994 1,70

  7 ALMI 3,99 3,52 0,44 Rp 1.504.154 14,22374117 1,97 8 2011 2,53 4,76 0,32 Rp 1.791.523 14,39857665 2,47 9 2012 0,81 11,04 0,36 Rp 1.881.568 14,44761603 2,70

  10 ARNA 12,34 1,16 0,66 Rp 873.154 13,67986722 1,12 11 2011 15,62 1,16 0,66 Rp 831.508 13,6309962 0,72 12 2012 22,65 0,96 0,69 Rp 937.360 13,75082269 0,55

  13 AMFG 18,50 2,38 0,65 Rp 2.372.657 14,67952098 0,29 14 2011 16,60 0,66 0,46 Rp 2.690.595 14,80527292 0,25 15 2012 11,13 0,63 0,47 Rp 3.115.421 14,95187485 0,27

  16 APLI 9,81 5,70 0,53 Rp 334.951 12,72173953 0,46 17 2011 5,67 6,84 0,58 Rp 333.352 12,71695427 0,51 18 2012 1,26 35,59 0,59 Rp 333.867 12,71849799 0,53

  19 AUTO 24,69 0,34 0,61 Rp 5.585.852 15,53574753 0,38 20 2011 18,02 0,38 0,63 Rp 6.964.227 15,75629718 0,47 21 2012 14,22 0,38 0,64 Rp 8.881.642 15,99949701 0,62

  22 ASII 18,64 0,14 0,58 Rp 112.857.000 18,54163209 1,10 23 2011 16,79 0,11 0,57 Rp 153.521.000 18,84934792 1,02 24 2012 15,31 0,10 0,58 Rp 182.274.000 19,02102161 1,03

  25 BRNA 8,58 1,00 0,47 Rp 550.907 13,21932129 1,62 26 2011 9,03 0,86 0,54 Rp 643.964 13,3753981 1,53 27 2012 7,87 0,69 0,57 Rp 770.383 13,55464307 1,55

  28 BTON 12,64 2,14 0,41 Rp 89.824 11,40560748 0,23 29 2011 20,63 0,94 0,35 Rp 118.716 11,68448937 0,29 30 2012 16,99 0,73 0,32 Rp 145.100 11,88517844 0,28

  31 BUDI 3,65 10,42 0,58 Rp 1.967.633 14,49234186 1,53 32 2011 4,24 7,99 0,57 Rp 2.123.285 14,56847498 1,62

      33 2012 0,16 98,43 0,55 Rp 2.299.672 14,64827706 1,69

  34 CEKA 4,74 1,72 0,24 Rp 850.470 13,65354442 1,75 35 2011 15,82 0,61 0,25 Rp 823.361 13,62115002 1,03 36 2012 5,68 2,55 0,45 Rp 1.027.693 13,84282704 1,22

  37 IGAR 19,83 1,51 0,11 Rp 347.473 12,75844224 0,23 38 2011 20,18 1,33 0,09 Rp 355.580 12,78150554 0,22 39 2012 18,85 1,78 0,15 Rp 312.343 12,65185722 0,29

  40 CPIN 43,24 0,07 0,34 Rp 6.518.276 15,69012048 0,46 41 2011 33,62 0,07 0,41 Rp 8.848.204 15,99572506 0,43 42 2012 21,71 0,06 0,42 Rp 12.348.627 16,32905544 0,51

  43 DVLA 18,02 1,87 0,24 Rp 854.110 13,65781527 0,33 44 2011 17,92 1,75 0,22 Rp 928.291 13,74110054 0,28 45 2012 13,86 1,43 0,23 Rp 1.074.691 13,88754374 0,28

  46 DLTA 27,23 0,11 0,20 Rp 708.584 13,47102389 0,20 47 2011 29,34 0,11 0,17 Rp 696.167 13,45334485 0,22 48 2012 28,64 0,08 0,15 Rp 745.306 13,52155015 0,25

  49 EKAD 16,47 1,14 0,40 Rp 204.470 12,22817654 0,74 50 2011 14,82 1,32 0,34 Rp 237.592 12,3783102 0,61 51 2012 17,97 0,98 0,34 Rp 273.893 12,5204928 0,43

  52 GGRM 18,32 0,16 0,25 Rp 30.741.679 17,24112991 0,44 53 2011 16,92 0,20 0,22 Rp 39.088.705 17,48134411 0,59 54 2012 9,80 0,24 0,28 Rp 41.509.325 17,54142866 0,56

  55 GDST 19,98 4,76 0,34 Rp 1.074.570 13,88743114 0,66 56 2011 14,31 8,33 0,32 Rp 977.463 13,79271572 0,31 57 2012 4,09 16,67 0,29 Rp 1.163.971 13,96734799 0,47

  58 HMSP 42,62 0,07 0,23 Rp 20.525.123 16,83716021 1,01 59 2011 56,31 0,05 0,23 Rp 19.376.343 16,77956345 0,90 60 2012 37,36 0,04 0,20 Rp 26.247.527 17,08308233 0,97

  61 SMCB 11,00 4,63 0,78 Rp 10.437.249 16,1608916 0,53 62 2011 14,00 3,60 0,77 Rp 10.950.501 16,20889577 0,45 63 2012 15,39 2,84 0,82 Rp 12.168.517 16,3143626 0,45

  64 INAI 6,29 4,97 0,25 Rp 389.007 12,87135262 3,88 65 2011 5,63 3,00 0,30 Rp 544.282 13,20722277 4,13 66 2012 3,78 3,42 0,30 Rp 612.224 13,32485351 3,74

  67 SRSN 3,90 30,67 0,32 Rp 364.005 12,80492288 0,59 68 2011 9,36 12,56 0,28 Rp 361.182 12,79713727 0,43

Rp 8.266.417 15,92771172 1,18 84 2012 9,83 11,70 0,41

      69 2012 4,22 17,73 0,24 Rp 402.108 12,90447599 0,49

  Rp 7.032.497 15,76605239 0,23 89 2011 24,02 0,32 0,28 Rp 8.274.554 15,92869558 0,27 90 2012 18,02 0,27 0,32 Rp 9.417.957 16,05812874 0,28

  180,51 0,50 Rp 608.920 13,31944218 0,52 104 2011 1,13 92,94 0,53 Rp 685.896 13,43848129 0,68

  16,17 0,43 Rp 594.564 13,29558364 1,05 101 2011 8,69 12,26 0,38 Rp 1.083.524 13,89572925 0,51 102 2012 10,78 4,72 0,35 Rp 1.203.271 14,00055424 0,37 103 LMPI 0,75

  Rp 1.657.292 14,3206955 0,49 98 2011 12,93 3,23 0,30 Rp 1.794.242 14,40009321 0,43 99 2012 13,06 2,71 0,27 Rp 2.080.558 14,54814668 0,45 100 KBLI 11,22

  97 KAEF 10,78 4,00 0,31

  Rp 570.564 13,25438062 0,81

  Rp 587.567 13,28374556 1,10 96 2012 8,35 5,50 0,35

  Rp 557.725 13,23162129 1,18 95 2011 5,27 8,57 0,35

  94 KDSI 3,48 11,99 0,36

  Rp 94.955 11,46115837 0,43

  Rp 85.942 11,36142793 0,34 92 2011 0,66 193,05 0,36

  91 KICI 5,03 21,17 0,37

  88 KLBF 25,18 0,36 0,28

  70 INTP 27,68 0,57 0,51 Rp 15.346.146 16,54637493 0,17 71 2011 25,94 0,51 0,43 Rp 18.151.331 16,71425445 0,15 72 2012 27,42 0,39 0,36 Rp 22.755.160 16,94030249 0,17

  Rp 398.606 12,89572874 0,15

  Rp 437.849 12,98962938 0,30 87 2012 2,43 7,69 0,34

  Rp 411.282 12,92703439 0,37 86 2011 11,04 2 0,30

  85 JPRS 9,40 2,63 0,31

  Rp 10.961.464 16,20989641 1,30

  Rp 6.979.762 15,75852538 1,14 83 2011 10,55 0,67 0,40

  82 JPFA 20,59 0,43 0,36

  Rp 770.609 13,55493639 2,39 80 2011 14,10 1,30 0,30 Rp 1.139.715 13,94628879 0,80 81 2012 32,46 1,69 0,47 Rp 1.664.779 14,32520294 0,46

  79 INDS 13,63 0,54 0,31

  0,27 0,56 Rp 59.324.207 17,89852799 0,74

  76 INDF 11,49 0,13 0,58 Rp 47.275.955 17,67151237 1,34 77 2011 11,85 0,29 0,54 Rp 53.585.933 17,79679715 0,70 78 2012 8,21

  73 ICBP 18,85 0,29 0,47 Rp 13.361.313 16,407874 0,45 74 2011 18,03 0,29 0,44 Rp 15.222.857 16,53830861 0,42 75 2012 12,88 0,27 0,43 Rp 17.753.480 16,69209211 0,48

Rp 87.419 11,37846793 0,36 93 2012 2,38 30,54 0,35

Rp 1.130.865 13,93849338 0,11 111 2012 11,95 0,67 0,38

Rp 150.937 11,92461781 0,41 122 2011 10,12 0,94 0,35

      105 2012 0,29 215,52 0,47

  Rp 455.472 13,02908952 0,18 127 ROTI 23,70 0,94 0,63

  192,31 0,53 Rp 454.598 13,02716879 2,33 140 2011 1,34 43,48 0,49 Rp 481.912 13,0855168 2,45

  64,10 0,75 Rp 1.014.303 13,82971224 0,85 137 2011 2,00 39,65 0,70 Rp 1.013.575 13,82899424 0,79 138 2012 0,23 127,55 0,71 Rp 1.362.546 14,12486557 1,14 139 PRAS 0,25

  Rp 1.515.038 14,23095108 1,21 135 2012 7,12 10,42 0,29 Rp 2.003.097 14,51020504 1,43 136 HDTX 0,50

  Rp 887.284 13,69592039 4,31 134 2011 5,96 4,17 0,26

  Rp 525.628 13,17234902 1,45 133 PBRX 4,98 1,27 0,24

  Rp 446.688 13,00961564 1,69 132 2012 4,10 0,93 0,41

  Rp 337.606 12,72963481 1,28 131 2011 5,55 1,12 0,40

  Rp 1.204.945 14,00194448 0,81 130 NIPS 5,22 1,58 0,47

  Rp 568.265 13,25034314 0,25 128 2011 20,41 0,87 0,75

  Rp 422.493 12,95392816 0,18 126 2012 7,56 1,74 0,23

  Rp 815.153 13,6111311 0,99 106 MAIN 23,27 0,19 0,47

  Rp 386.352 12,86450415 0,14 125 2011 8,69 1,92 0,23

  Rp 172.268 12,05680668 0,28 124 MRAT 8,53 2,19 0,25

  Rp 157.371 11,96636135 0,33 123 2012 9,64 0,64 0,44

  0,75 0,33

  0,05 0,47 Rp 1.137.082 13,94397589 1,41 119 2011 55,74 0,04 0,46 Rp 1.220.813 14,01502759 1,30 120 2012 52,71 0,05 0,60 Rp 1.152.048 13,95705179 2,49 121 LPIN 12,27

  Rp 434.768 12,98256783 0,20 116 2011 48,47 0,01 0,16 Rp 584.389 13,27832214 0,18 117 2012 25,62 0,21 0,19 Rp 569.431 13,2523929 0,37 118 MLBI 52,25

  Rp 8.302.506 15,93206795 1,71 115 MERK 36,18 0,19 0,25

  Rp 6.599.846 15,70255687 1,72 114 2012 8,95 0,61 0,36

  Rp 4.399.191 15,29693122 1,18 113 2011 9,49 0,81 0,38

  Rp 1.261.572 14,04786912 0,15 112 MYOR 14,97 0,79 0,39

  0,76 0,42 Rp 1.047.238 13,86166678 0,10 110 2011 16,57 0,72 0,41

  Rp 966.319 13,78124929 2,75 107 2011 19,93 0,17 0,46 Rp 1.327.801 14,09903475 2,15 108 2012 16,80 0,11 0,50 Rp 1.799.881 14,40323111 1,64 109 TCID 17,71

Rp 759.137 13,53993754 0,39 129 2012 16,58 3,39 0,82

      141 2012 7,18

  0,21 0,39 Rp 484.253 13,09036278 0,46 164 2011 15,22 0,23 0,39

  0,11 0,25 Rp 320.023 12,67614815 0,19 176 2011 44,53 0,08 0,23 Rp 361.756 12,79872523 0,20

  0,26 0,34 Rp 1.091.583 13,90313949 0,73 173 2011 21,87 0,23 0,38 Rp 1.339.570 14,10785922 0,76 174 2012 17,96 0,21 0,37 Rp 1.522.663 14,23597133 0,58 175 SQBB 38,95

  Rp 1.490.034 14,2143095 1,07 170 2011 2,86 18,18 0,76 Rp 1.551.777 14,25491128 1,07 171 2012 2,40 14,81 0,71 Rp 1.664.353 14,32494702 1,14 172 TOTO 23,82

  Rp 1.249.840 14,0385261 1,16 169 SPMA 5,66 20,00 0,76

  Rp 934.766 13,74805151 0,91 168 2012 5,97 1,76 0,54

  Rp 649.274 13,38361009 0,45 167 2011 6,46 3,07 0,66

  Rp 574.108 13,26057281 0,48 166 STTP 6,94 3,07 0,55

  0,16 0,53 Rp 15.562.999 16,5604068 0,29 161 2011 25,89 0,15 0,61 Rp 19.661.603 16,79417821 0,35 162 2012 23,66 0,12 0,69 Rp 26.579.084 17,09563515 0,46 163 BATA 17,46

  3,77 0,66 Rp 577.349 13,26620222 1,06 142 BIMA 14,33

  0,96 0,38 Rp 1.067.103 13,88045806 0,96 158 2011 24,59 0,71 0,37 Rp 1.136.858 13,94377887 0,70 159 2012 18,63 0,66 0,37 Rp 1.418.103 14,16483062 0,76 160 SMGR 30,35

  14,93 0,44 Rp 150.913 11,92445879 0,66 155 2011 2,80 29,41 0,44 Rp 163.233 12,00293391 0,59 156 2012 1,84 27,78 0,53 Rp 184.367 12,12468362 0,74 157 SMSM 19,19

  8,67 0,50 Rp 235.583 12,36981857 0,93 154 SIAP 4,78

  14,29 0,53 Rp 199.375 12,20294275 0,69 152 2011 3,74 11,56 0,51 Rp 214.238 12,27484283 0,74 153 2012 3,19

  29,66 0,27 Rp 613.323 13,32664699 0,82 149 2011 2,44 25,83 0,27 Rp 642.095 13,37249155 0,83 150 2012 2,02 15,57 0,29 Rp 842.498 13,64412657 1,30 151 SKLT 3,10

  12,74 0,53 Rp 100.587 11,5187783 0,30 146 2011 6,00 10,34 0,48 Rp 118.034 11,678728 0,43 147 2012 3,91 10,08 0,50 Rp 131.065 11,78344866 0,55 148 RICY 2,32

  4,72 0,26 Rp 87.275 11,37681933 1,45 143 2011 5,15 17,86 0,21 Rp 91.526 11,42437836 1,48 144 2012 2,62 16,13 0,16 Rp 100.100 11,51392497 1,53 145 PYFA 5,60

Rp 516.649 13,15511901 0,46 165 2012 12,08 0,19 0,38

      177 2012 34,06 0,07 0,23

  Rp 349.881 12,76534838 0,22 178 TSPC 17,54 0,46 0,26

Rp 4.250.374 15,26251754 0,40 180 2012 13,89 0,36 0,27

  Rp 271.745 12,51261941 1,12

  Rp 223.509 12,31720696 0,51 198 2012 4,71 4,00 0,51

  Rp 1.698.078 14,34500758 1,82 196 YPAS 14,28 3,13 0,53

  Rp 1.573.039 14,26851998 2,17 195 2012 8,66 2,83 0,16

  Rp 1.126.481 13,93460917 1,92 194 2011 8,96 3,76 0,14

  Rp 11.984.979 16,29916467 2,02 193 VOKS 1,51 40,49 0,20

  Rp 8.701.262 15,97897863 1,15 191 2011 53,18 0,02 0,57

  Rp 2.310.003 14,65275938 0,44 190 UNVR 52,16 0,02 0,57

  1,64 0,51

  0,59 Rp 2.179.182 14,59446013 0,55 189 2012 14,60

  Rp 2.006.596 14,51195031 0,54 188 2011 7,20 4,55

  Rp 2.247.012 14,62511189 0,62 187 ULTJ 10,11 5,41 0,52

  Rp 2.132.450 14,57278211 0,61 186 2012 5,13 4,55 0,62

  Rp 2.029.558 14,52332859 0,64 185 2011 8,46 1,92 0,60

  Rp 3.867.576 15,16813851 0,90 184 TRST 8,64 2,04 0,64

  Rp 3.590.309 15,09374883 0,96 183 2012 6,56 4,85 0,60

  Rp 1.936.949 14,47662461 2,34 182 2011 5,16 3,37 0,52

  Rp 4.632.984 15,34871171 0,38 181 AISA 4,86 7,78 0,66

  Rp 3.589.596 15,09355022 0,36 179 2011 17,41 0,40 0,27

Rp 10.482.312 16,16519982 1,85 192 2012 40,38 0,02 0,58

Rp 200.856 12,21034351 0,53 197 2011 10,13 4,00 0,53

Lampiran 4 Uji Statistik Deskriptif

     

  DER ROA PER FAR ASSET Mean 0.921667 14.26278 10.96332 0.418377 14.06565

  Median 0.630000 11.17500 1.730125 0.404441 13.83627 Maximum 4.320000 56.31000 215.5172 0.820291 19.02102

  Minimum 0.100000 0.160000 0.009690 0.047489 11.36143 Std. Dev. 0.801498 11.95186 30.81102 0.164753 1.621283

  Skewness 1.969670 1.512353 4.940118 0.206041 0.719181 Kurtosis 7.579178 5.360665 28.64113 2.459032 3.144623

  Jarque-Bera 301.0199 121.4531 6229.464 3.815281 17.24088 Probability 0.000000 0.000000 0.000000 0.148430 0.000180

  Sum 182.4900 2824.030 2170.738 82.83864 2784.998 Sum Sq. Dev. 126.5526 28140.87 187015.9 5.347297 517.8261

  Observations 198 198 198 198 198

Lampiran 5 Uji Multikolinearitas

  DER ROA PER FAR ASSET DER 1.000.000 -0.204345 0.073593 -0.051109 -0.051995

  ROA -0.204345 1.000.000 -0.341280 -0.109596 0.327018 PER 0.073593 -0.341280 1.000.000 0.124972 -0.190556

  FAR -0.051109 -0.109596 0.124972 1.000.000 0.232539 ASSET -0.051995 0.327018 -0.190556 0.232539 1.000.000 Lampiran 6 Uji Heterokedastisitas Heteroskedasticity Test: White F-statistic 1.873157 Prob. F(4,193) 0.1167 Obs*R-squared 7.399477 Prob. Chi-Square(4) 0.1162 Scaled explained SS 20.91380 Prob. Chi-Square(4) 0.0003 Test Equation: Dependent Variable: RESID^2 Method: Least Squares Date: 07/14/14 Time: 02:29 Sample: 1 198 Included observations: 198 Variable Coefficient Std. Error t-Statistic Prob.

  C 1.473821 0.462650 3.185609 0.0017

ROA^2 0.000107 0.000184 0.578268 0.5638

  1.89E-05 -0.133297 0.8941 FAR^2 -1.461829 0.741654 -1.971040 0.0501 ASSET^2 -0.003017 0.002355 -1.280789 0.2018 R-squared 0.037371 Mean dependent var 0.607866

  Adjusted R-squared 0.017420 S.D. dependent var 1.486435 S.E. of regression 1.473431 Akaike info criterion 3.637993 Sum squared resid 419.0031 Schwarz criterion 3.721030 Log likelihood -355.1613 Hannan-Quinn criter. 3.671604

F-statistic 1.873157 Durbin-Watson stat 1.296863 Prob(F-statistic) 0.116718

      Lampiran 7 Uji Autokorelasi Breusch-Godfrey Serial Correlation LM Test: F-statistic 42.01447 Prob. F(2,191) 0.0000 Obs*R-squared 60.49447 Prob. Chi-Square(2) 0.0000 Test Equation: Dependent Variable: RESID Method: Least Squares Date: 07/14/14 Time: 02:34 Sample: 1 198 Included observations: 198 Presample missing value lagged residuals set to zero.

  Variable Coefficient Std. Error t-Statistic Prob.

  

ROA 0.003904 0.004462 0.875076 0.3826

PER 0.001017 0.001657 0.613622 0.5402

FAR 0.103659 0.302913 0.342206 0.7326

ASSET 0.013279 0.032649 0.406700 0.6847

C -0.296536 0.432511 -0.685615 0.4938 RESID(-1) 0.578122 0.072155 8.012215 0.0000

  RESID(-2) -0.038786 0.073145 -0.530269 0.5965 R-squared 0.305528 Mean dependent var -2.55E-16 Adjusted R-squared 0.283712 S.D. dependent var 0.781634 S.E. of regression 0.661526 Akaike info criterion 2.046180 Sum squared resid 83.58490 Schwarz criterion 2.162432 Log likelihood -195.5718 Hannan-Quinn criter. 2.093235

F-statistic 14.00482 Durbin-Watson stat 1.996376 Prob(F-statistic) 0.000000

      Lampiran 8 Analisis Regresi Dependent Variable: DER Method: Least Squares Date: 07/14/14 Time: 02:24 Sample: 1 198 Included observations: 198

  Variable Coefficient Std. Error t-Statistic Prob.

  

ROA -0.014937 0.005290 -2.823692 0.0052

PER 0.000444 0.001966 0.225871 0.8215

FAR -0.428189 0.361339 -1.185005 0.2375

ASSET 0.022031 0.038604 0.570697 0.5689

  C 0.999103 0.508984 1.962936 0.0511 R-squared 0.048953 Mean dependent var 0.921667 Adjusted R-squared 0.029242 S.D. dependent var 0.801498 S.E. of regression 0.789692 Akaike info criterion 2.390581 Sum squared resid 120.3574 Schwarz criterion 2.473618 Log likelihood -231.6675 Hannan-Quinn criter. 2.424191 F-statistic 2.483563 Durbin-Watson stat 0.892077 Prob(F-statistic) 0.045101 Lampiran 9 Uji Kausalitas Granger Pairwise Granger Causality Tests Date: 07/14/14 Time: 02:27 Sample: 1 198 Lags: 2 Null Hypothesis: Obs F-Statistic Prob.

  ROA does not Granger Cause DER 196 0.26759 0.7655 DER does not Granger Cause ROA 1.55139 0.2146 PER does not Granger Cause DER 196 3.13218 0.0459 DER does not Granger Cause PER 0.22200 0.8011 FAR does not Granger Cause DER 196 5.20108 0.0063 DER does not Granger Cause FAR 0.10554 0.8999

ASSET does not Granger Cause DER 196 0.12507 0.8825 DER does not Granger Cause ASSET 2.24001 0.1092