Analisis Faktor – Faktor Yang Mempengaruhi Pengungkapan Manajemen Risiko Dengan Coso Erm Framework Pada Perusahaan Properti Yang Terdaftar Di Bei Tahun 2011-2013

  

DAFTAR LAMPIRAN

Pengungkapan ERM COSO

A. Internal Environment

  16 Information on company‟s business objectives?

  29 Information on commodity risk? LAMPIRAN 1

  28 Information on equity price risk?

  27 Information on solvency risk?

  26 Information on default risk?

  25 Information on long-term debt instruments?

  24 Information on the access to the capital market?

  23 Information on the cost of capital?

  22 Information on the foreign exchange rate?

  21 Information on the interest rate?

  20 Information on the extent of liquidity?

  19 Information on the link between strategy, objectives, and shareholder value?

  18 Information on approval of the strategy by the board?

  17 Information on adopted benchmarks to evaluate results?

  15 Information on company‟s strategy?

  No. Enterprise Risk Management Dimentions

  7 Information on training, coaching, educational programs?

  1 Is there a charter of the board?

  2 Information on the code of conduct/ethics?

  3 Information on how compensation policies align interest of managers with shareholders?

  4 Information on individual performance targets?

  5 Information on procedures for hiring and firing of board member and management?

  6 Information on remuneration policy of board members and management?

  8 Information on training in ethical values?

  14 Information on company‟s mission?

  9 Information on board responsibility?

  10 Information on audit committee responsibility?

  11 Information on CEO responsibilities?

  12 Information on senior executive responsible for risk management?

  13 Information on supervisory and managerial oversight? B.

   Objective Setting

C. Event Identification Financial Risk

  Compliance Risk

  57 Risk assessment of industry codes?

  49 Risk assessment of the access to the capital market?

  50 Risk assessment of long-term debt instrments?

  51 Risk assessment of default risk?

  52 Risk assessment of solvency risk?

  53 Risk assessment of equity price risk?

  54 Risk assessment of commodity risk?

  55 Risk assessment of litigation issues?

  56 Risk assessment of compliance wih regulation?

  58 Risk assessment of compliance with voluntary codes?

  47 Risk assessment of the foreign exchange rate?

  59 Risk assessment of compliance with recommendation of Corporate Govenance?

  60 Risk assessment of data management?

  61 Risk assessment of computer systems?

  62 Risk assessment of the privacy of information held on?

  63 Risk assessment of on software security?

  64 Risk assessment of the nature of competition?

  65 Risk assessment of environmental issues?

  66 Risk assessment of ethical issues?

  48 Risk assessment of the cost of capital?

  46 Risk assessment of the interest rate?

  30 Information on litigation issues?

  38 Information on software security?

  31 Information on compliance with regulation?

  32 Information on compliance with industry codes?

  33 Information on compliance with voluntary codes?

  34 Information on compliance with recommendation of Corporate Governance

  Technology Risk

  35 Information on data management?

  36 Information on computer systems?

  37 Information on the privacy of information held on customers?

  Economical Risk

  45 Risk assessment of the extent of liquidity?

  39 Information on the nature of competition?

  40 Information on the macro-economy events that could affect the company?

  Reputational Risk

  41 Information on environmental issues?

  42 Information on ethical issues?

  43 Information on health and safety issues?

  44 Information on lower/higher stock or credit rating? D.

   Risk Assessment

  67 Risk assessment of health and safety issues?

  68 Risk assessment of lower/higher stock or credit rating?

  94 Response to health and safety risk?

  88 Response to computer systems risk?

  89 Response to the privacy of information held on customers?

  90 Response to risk of software security?

  91 Response to risk of competition?

  92 Response to environemntal risk?

  93 Response to ethical risk?

  95 Response to risk of lower/higher stock or credit rating?

  86 Response to compliance with recommendation of Corporate Governance?

  F. Control Activites

  96 Information on sales control?

  97 Information on review of the functioning and effectiveness of controls?

  98 Information on authorization issues?

  99 Information on documents and record as control? 100 Information on independent verification procedures? 101 Information on physical controls? 102 Information on process control?

  G. Information and Communications

  87 Response to data risk?

  85 Response to compliance with voluntary codes?

  69 Information on techniques used to asses the potential impact of events combining?

  75 Response to the risk related cost of capital?

  E. Risk Response

  70 General description of processes for determining how risk should be managed?

  71 Information on written guidelines about how risk should be managed?

  72 Response to the liquidity risk?

  73 Response to the interest rate risk?

  74 Response to the foreign exchange rate risk?

  76 Response to the access to the capital market?

  84 Response to compliance with industry codes?

  77 Response to long-term debt instruments?

  78 Response to litigation risk?

  79 Response to default risk?

  80 Response to solvency risk?

  81 Response to equity price risk?

  82 Response to commodity risk?

  83 Response to compliance with regulation?

  103 Information on verification of completeness, accuracy, and validity of information?

  104 Information on channels of communication to report suspected breaches of laws, regulations or other improprieties? 105 Information on channels of communication with customers, vendors, and other external parties?

H. Monitoring

  106 Information on how processes are monitored? 107 Information on about internal audit? 108 Information on the budget of the internal audit?

  LAMPIRAN 2

  Proses Pemilihan Sampel No Kode Kriteria Sampel Saham

  1

  2 3 Ket.

  1 APLN Sampel 1

  2 ASRI Sampel 2

  3 BAPA Sampel 3

  4 BCIP Sampel 4

  5 BEST

  6 BIPP Sampel 5

  7 BKDP Sampel 6

  8 BKSL Sampel 7

  9 BSDE Sampel 8

  10 COWL Sampel 9

  11 CTRA Sampel 10

  12 CTRP Sampel 11

  13 CTRS Sampel 12

  14 DART Sampel 13

  15 DILD Sampel 14

  16 DUTI Sampel 15

  17 ELTY Sampel 16

  18 EMDE

  19 FMII Sampel 17

  20 GAMA

  21 GMTD Sampel 18

  22 GPRA

  23 GWSA

  24 JRPT Sampel 19

  25 KIJA Sampel 20

  26 LAMI Sampel 21

  27 LCGP

  28 LPCK Sampel 22

  29 LPKR Sampel 23

  30 MDLN Sampel 24

  31 MKPI Sampel 25

  32 MTLA Sampel 26

  33 MTSM

  34 NIRO

  35 OMRE Sampel 27

  36 PLIN Sampel 28

  37 PUDP

  38 PWON Sampel 29

  39 PWSI

  40 RBMS Sampel 30

  41 RDTX Sampel 31

  42 RODA Sampel 32

  43 SIIP

  44 SCBD Sampel 33

  45 SMDM Sampel 34

  46 SMRA Sampel 35

  47 TARA

  48 ACST

  49 ADHI Sampel 36

  50 DGIK Sampel 37

  51 NRCA

  52 PTPP Sampel 38

  53 SSIA Sampel 39

  54 TOTL Sampel 40

  55 WIKA

  56 WSKT

  Jumlah

  8

  3

  5

  LAMPIRAN 3

  Perusahaan Yang Menjadi Sampel No Kode Nama Saham Emiten

  1 APLN Agung Podomoro Land Tbk

  2 ASRI Alam Sutera Realty Tbk

  3 BAPA Bekasi Asri Pemula Tbk

  4 BCIP Bumi Citra Permai Tbk

  5 BIPP Bhuwanatala Indah Permai Tbk

  6 BKDP Bukit Darmo Property Tbk

  7 BKSL Sentul City Tbk

  8 BSDE Bumi Serpong Damai Tbk

  9 COWL Cowell Development Tbk

  10 CTRA Ciputra Development Tbk

  11 CTRP Ciputra Property Tbk

  12 CTRS Ciputra Surya Tbk

  13 DART Duta Anggada Realty Tbk

  14 DILD Intiland Development Tbk

  15 DUTI Duta Pertiwi Tbk

  16 ELTY Bakrieland Development Tbk

  17 FMII Fortune Mate Indonesia Tbk

  18 GMTD Gowa Makassar Tourism Development Tbk

  19 JRPT Jaya Real Property Tbk

  20 KIJA Kawasan Industri Jababeka Tbk

  21 LAMI Lamicitra Nusantara Tbk

  22 LPCK Lippo Cikarang Tbk

  23 LPKR Lippo Karawaci Tbk

  24 MDLN Modernland Realty Ltd Tbk

  25 MKPI Metropolitan Kentjana Tbk

  26 MTLA Metropolitan Land Tbk

  27 OMRE Indonesia Prima Property Tbk

  28 PLIN Plaza Indonesia Realty Tbk 29 PWON Pakuwon Jati Tbk.

  30 RBMS Ristia Bintang Mahkotasejati Tbk

  31 RDTX Roda Vivatex Tbk

  32 RODA Pikko Land Development Tbk 33 SCBD Danayasa Arthatama Tbk.

  34 SMDM Suryamas Dutamakmur Tbk

  35 SMRA Summarecon Agung Tbk

  36 ADHI Adhi Karya (Persero) Tbk

  37 DGIK Nusa Konstruksi Enjiniring Tbk

  38 PTPP PP (Persero) Tbk

  39 SSIA Surya Semesta Internusa Tbk

  40 TOTL Total Bangun Persada Tbk

  Hasi

  IND_COM AUD_COM OWN_CON FIN_LEV FRM_SZE ERM No Kode Saham l T 2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013 ab

  1 APLN 0,33 0,33 0,33 3,00 3,00 3,00 0,47 0,47 0,62 0,53 0,30 0,63 30,01 30,35 30,61 0,50 0,51 0,48 u lasi

  0,40 0,40 0,40 3,00 3,00 3,00 0,17 0,25 0,27 0,54 0,57 0,63 29,42 30,02 30,30 0,39 0,46 0,43

  2 ASRI Dat

  3 BAPA 0,33 0,33 0,33 3,00 3,00 3,00 0,38 0,34 0,34 0,45 0,45 0,47 25,72 25,79 25,89 0,37 0,39 0,37 a

  0,33 0,33 0,33 3,00 3,00 3,00 0,52 0,53 0,52 0,23 0,44 0,48 26,19 26,56 26,79 0,53 0,51 0,38

  4 BCIP

  5 BIPP 0,50 0,33 0,33 3,00 3,00 3,00 0,37 0,31 0,40 0,62 0,53 0,23 26,01 25,91 27,05 0,50 0,51 0,37

  6 BKDP 0,50 0,50 0,50 3,00 3,00 3,00 0,36 0,36 0,36 0,27 0,28 0,30 27,61 27,53 27,46 0,40 0,39 0,37 0,50 0,43 0,38 3,00 3,00 3,00 0,30 0,34 0,34 0,13 0,22 0,35 29,30 29,45 30,00 0,48 0,44 0,43

  7 BKSL

  8 BSDE 0,38 0,38 0,38 3,00 3,00 3,00 0,25 0,25 0,25 0,35 0,37 0,41 30,18 30,45 30,75 0,32 0,37 0,44 0,50 0,33 0,33 3,00 3,00 3,00 0,66 0,95 0,85 0,58 0,36 0,39 26,68 28,21 28,30 0,44 0,49 0,39

  9 COWL

  10 CTRA 0,50 0,40 0,50 3,00 3,00 3,00 0,31 0,39 0,31 0,34 0,44 0,51 30,08 30,34 30,63 0,42 0,40 0,42

  11 CTRP 0,40 0,40 0,40 3,00 3,00 3,00 0,58 0,58 0,58 0,16 0,33 0,40 29,09 29,41 29,67 0,44 0,49 0,46 0,50 0,50 0,50 3,00 3,00 3,00 0,63 0,63 0,63 0,45 0,50 0,57 28,89 29,12 29,38 0,42 0,44 0,36

  12 CTRS

  13 DART 0,33 0,33 0,33 3,00 3,00 3,00 0,34 0,45 0,45 0,45 0,34 0,39 29,04 29,09 29,19 0,53 0,54 0,43 Universitas

  0,33 0,33 0,33 4,00 4,00 3,00 0,22 0,22 0,22 0,32 0,35 0,46 29,37 29,44 29,65 0,52 0,44 0,42

  14 DILD

  15 DUTI 0,33 0,33 0,33 3,00 3,00 3,00 0,85 0,89 0,89 0,31 0,22 0,19 29,28 29,52 29,64 0,33 0,39 0,43

  L

  16 ELTY 0,40 0,33 0,40 3,00 3,00 3,00 0,12 0,10 0,10 0,38 0,40 0,42 30,51 30,35 30,14 0,63 0,65 0,61

  AMP

  Sumatera 0,33 0,33 0,33 3,00 3,00 3,00 0,47 0,47 0,47 0,29 0,30 0,34 26,59 26,60 26,79 0,44 0,43 0,38

  17 FMII

  IR

  18 GMTD 0,40 0,20 0,33 3,00 3,00 3,00 0,33 0,33 0,33 0,65 0,74 0,69 26,90 27,53 27,90 0,43 0,41 0,31

  AN

  0,40 0,40 0,60 3,00 3,00 3,00 0,66 0,66 0,64 0,53 0,56 0,56 29,04 29,24 29,45 0,46 0,48 0,34

  19 JRPT

  4 Utara

  20 KIJA 0,50 0,33 0,50 3,00 3,00 3,00 0,23 0,18 0,13 0,37 0,44 0,49 29,35 29,59 29,74 0,41 0,40 0,36

IND_COM AUD_COM OWN_CON

  33 SCBD 0,33 0,50 0,40 3,00 3,00 3,00 0,82 0,82 0,82 0,25 0,25 0,23 28,88 28,90 29,34 0,35 0,41 0,34

  Universitas Sumatera Utara

  FIN_LEV FRM_SZE ERM No Kode Saham

  40 TOTL 0,33 0,33 0,29 3,00 3,00 3,00 0,57 0,57 0,57 0,64 0,66 0,63 28,27 28,36 28,43 0,60 0,56 0,56

  39 SSIA 0,40 0,40 0,40 3,00 3,00 3,00 0,12 0,09 0,09 0,59 0,66 0,55 28,71 29,21 29,39 0,39 0,37 0,48

  38 PTPP 0,33 0,33 0,33 4,00 4,00 4,00 0,51 0,51 0,51 0,79 0,81 0,84 29,57 29,78 30,15 0,54 0,41 0,51

  37 DGIK 0,40 0,40 0,40 3,00 3,00 3,00 0,33 0,33 0,33 0,35 0,43 0,50 28,03 28,20 28,37 0,46 0,47 0,49

  36 ADHI 0,40 0,33 0,33 3,00 3,00 3,00 0,52 0,51 0,51 0,84 0,85 0,84 29,44 29,69 29,91 0,53 0,56 0,60

  35 SMRA 0,50 0,50 0,50 3,00 3,00 3,00 0,25 0,24 0,25 0,69 0,65 0,66 29,72 30,02 30,25 0,49 0,48 0,52

  34 SMDM 0,33 0,67 0,33 3,00 3,00 3,00 0,74 0,74 0,62 0,16 0,20 0,27 28,53 28,60 28,71 0,45 0,44 0,41

  2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013

  21 LAMI 0,33 0,33 0,33 3,00 3,00 3,00 0,93 0,93 0,93 0,52 0,47 0,41 27,11 27,14 27,14 0,38 0,34 0,31

  31 RBMS 0,33 0,33 0,33 3,00 3,00 3,00 0,36 0,36 0,36 0,08 0,07 0,20 25,64 25,75 25,79 0,40 0,44 0,45

  30 RDTX 0,33 0,33 0,33 2,00 2,00 2,00 0,38 0,38 0,38 0,23 0,21 0,26 27,71 27,82 28,07 0,39 0,47 0,51

  29 PWON 0,33 0,33 0,67 3,00 3,00 3,00 0,22 0,21 0,21 0,59 0,59 0,56 29,38 29,65 29,86 0,44 0,47 0,50

  28 PLIN 0,33 0,33 0,33 3,00 3,00 3,00 0,25 0,38 0,30 0,46 0,43 0,48 29,07 29,00 29,05 0,45 0,53 0,48

  27 OMRE 0,50 0,50 0,40 3,00 3,00 3,00 0,72 0,90 0,90 0,32 0,31 0,35 27,33 27,34 27,44 0,44 0,44 0,34

  26 MTLA 0,33 0,33 0,33 3,00 3,00 3,00 0,38 0,38 0,38 0,22 0,23 0,38 28,18 28,33 28,67 0,51 0,50 0,51

  25 MKPI 0,32 0,32 0,32 4,00 4,00 4,00 0,47 0,47 0,47 0,30 0,33 0,32 28,39 28,57 28,67 0,43 0,38 0,31

  24 MDLN 0,50 0,50 0,40 3,00 4,00 3,00 0,22 0,30 0,30 0,51 0,52 0,52 28,51 29,16 29,90 0,35 0,47 0,50

  23 LPKR 0,71 0,71 0,75 3,00 3,00 3,00 0,18 0,18 0,18 0,48 0,54 0,55 30,54 30,84 31,07 0,57 0,56 0,60

  22 LPCK 0,60 0,50 0,57 3,00 3,00 3,00 0,42 0,42 0,42 0,60 0,57 0,53 28,34 28,67 28,98 0,47 0,54 0,50

  32 RODA 0,33 0,33 0,33 3,00 3,00 3,00 0,69 0,69 0,68 0,36 0,44 0,37 28,43 28,52 28,64 0,42 0,53 0,53

  Hasil Olah Statistik Grafik Histogram Grafik Normal Probability Plot

  LAMPIRAN 5

   Hasil Uji Kolmogorov - Smirnov Nilai Collinearity Statistics

Nilai Koefisien Korelasi

  Coefficient Correlations ^a Model FRM_ SZE

  AUD_ COM OWN_ CON

  FIN_ LEV

  IND_ COM

  1 Correlations FRM_SZE 1,000 -,123 ,168 -,214 -,247 AUD_COM -,123 1,000 ,021 -,101 ,208 OWN_CON ,168 ,021 1,000 ,164 ,104 FIN_LEV -,214 -,101 ,164 1,000 -,034

  a. Dependent Variable: ERM One-Sample Kolmogorov-Smirnov Test

  Unstandardized Residual N

  120 Normal Parameters ^a,b Mean ,0000000 Std. Deviation ,06737608 Most Extreme Differences Absolute ,043 Positive ,041

  Negative -,043 Kolmogorov-Smirnov Z ,474 Asymp. Sig. (2-tailed) ,978 a. Test distribution is Normal.

  b. Calculated from data.

  

Model Collinearity Statistics

Tolerance

  VIF 1 (Constant)

  IND_COM ,898 1,114 AUD_COM ,937 1,068 OWN_CON ,910 1,099 FIN_LEV ,879 1,138

FRM_SZE ,816 1,226

IND_COM -,247 ,208 ,104 -,034 1,000

   Diagram Scatterplot Hasil Uji Glejser Coefficients ^a Model Unstandardized Coefficients

  Standardized Coefficients t Sig. B Std. Error Beta

1 (Constant) ,034 ,084 ,401 ,689

  IND_COM -,054 ,038 -,137 -1,425 ,157 AUD_COM -,009 ,011 -,072 -,769 ,444 OWN_CON -,023 ,017 -,129 -1,359 ,177 FIN_LEV ,030 ,022 ,132 1,361 ,176

FRM_SZE ,002 ,003 ,081 ,803 ,424

a. Dependent Variable: absUT

  Hasil Uji Runs Runs Test Unstandardized Residual

  Test Value ^a ,00574 Cases < Test Value

  60 Cases >= Test Value

  60 Total Cases 120 Number of Runs

  65 Z ,733 Asymp. Sig. (2-tailed) ,463

a. Median

  Hasil Uji Durbin – Watson Hasil Analisis Regresi Berganda

Coefficients

^a

  Model Unstandardized Coefficients Standardized Coefficients

  T Sig. B Std. Error Beta

1 (Constant) ,182 ,152 1,195 ,234

  IND_COM -,004 ,068 -,006 -,065 ,948 AUD_COM -,023 ,021 -,097 -1,087 ,279 OWN_CON -,055 ,030 -,166 -1,834 ,069 FIN_LEV ,078 ,039 ,183 1,993 ,049

  \

  

a. Predictors: (Constant), FRM_SZE, AUD_COM, OWN_CON, IND_COM, FIN_LEV

  b. Dependent Variable: ERM

FRM_SZE ,011 ,005 ,209 2,188 ,031

  Nilai Koefisien Determinasi

b. Predictors: (Constant), FRM_SZE, AUD_COM, OWN_CON,

IND_COM, FIN_LEV

  Hasil Uji Sginifikansi Simultan _b ANOVA Model Sum of Squares df Mean Square F Sig. _a

  1 Regression ,096 5 ,019 4,037 ,002 Residual ,540 114 ,005 Total ,636 119

  a. Predictors: (Constant), FRM_SZE, AUD_COM, OWN_CON, IND_COM, FIN_LEV

  b. Dependent Variable: ERM Hasil Uji Signifikansi Parsial _a

  Coefficients Model

  Standardized

Unstandardized Coefficients Coefficients

B Std. Error Beta T Sig.

1 (Constant) ,182 ,152 1,195 ,234

  IND_COM -,004 ,068 -,006 -,065 ,948 AUD_COM -,023 ,021 -,097 -1,087 ,279 OWN_CON -,055 ,030 -,166 -1,834 ,069 FIN_LEV ,078 ,039 ,183 1,993 ,049