Pengaruh Dividend Policy, Cash Holdings, Profitability, dan Institutional Ownership terhadap Firm Value pada Perusahaan Pertambangan yang terdaftar di Bursa Efek Indonesia
DAFTAR LAMPIRAN
LAMPIRAN 1
Daftar Pemilihan Sampel Penelitian
No.
Kode
1.
2.
3.
4.
5.
6.
ADRO
ANTM
ARII
ARTI
ATPK
BIPI
7.
8.
9.
10.
11.
12.
13.
BORN
BRAU
BSSR
BUMI
BYAN
CITA
CKRA
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
CTTH
DEWA
DKFT
DOID
ELSA
ENRG
ESSA
GEMS
GTBO
HRUM
INCO
25.
26.
27.
28.
29.
30.
31.
32.
ITMG
KKGI
MBAP
MEDC
MITI
MYOH
PKPK
PSAB
33.
PTBA
Nama Emiten
Adaro Energy Tbk
Aneka Tambang (Persero) Tbk
Atlas Resources Tbk
Ratu Prabu Energi Tbk
ATPK Resources Tbk
Benakat Integra Tbk (d.h Benakat
Petroleum Energy Tbk)
Borneo Lumbung Energy & Metal Tbk
Berau Coal Enery Tbk
Baramulti Suksessarana Tbk
Bumi Resources Tbk
Bayan Resources Tbk
Citra Mineral Investindo Tbk
Cakra Mineral Tbk (d.h Citra Kebun
Raya Agri Tbk)
Citatah Tbk
Dewa Henwa Tbk
Central Omega Resources Tbk
Delta Duni Makmur Tbk
Elnusa Tbk
Energi Mega Persada Tbk
Surya Esa Perkasa Tbk
Golden Energy Mines Tbk
Garda Tujuh Buana Tbk
Harum Energy Tbk
Vale Indonesia Tbk (d.h inco Indonesia
Tbk)
Indo Tambangraya Megah Tbk
Resource Alam Indonesia Tbk
Mitrabara Adiperdana Tbk
Medco Energi International Tbk
Mitra Investindo Tbk
Samindo Resources Tbk
Perdana Karya Perkasa Tbk
J Resources Asia Pasific Tbk ( d.h Pelita
Sejahtera Abadi Tbk
Tambang Batubara Bukit Asam Persero
Tbk
1
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Kriteria
2 3
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√ X
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Sampel
4
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X
X
X
1
2
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X
X
X
X
X
X
X
X
X
X
X
X
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X
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X
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X
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X
X
10
√
√
√
√
12
3
4
5
6
7
8
9
11
75
Universitas Sumatera Utara
34.
35.
36.
37.
38.
39.
40.
PTRO
RUIS
SMMT
SMRU
TINS
TOBA
MDKA
√
√
√
√
√
√
√
Petrosea Tbk
Radiant Utama Interinsco Tbk
Golden Eagle Energi Tbk
SMR Utama Tbk
Timah (Persero) Tbk
Toba Bara Sejahtera Tbk
Merdeka Cooper Gold Tbk
√ √ √
√ √ √
√ √ √
√ X X
√ √ √
√ √ √
X X X
13
14
15
16
17
LAMPIRAN 2
Perusahaan Yang Menjadi Sampel Penelitian
No.
Kode
Nama Emiten
Tanggal Berdiri
Tanggal Listing
1.
2.
3.
ADRO
ELSA
GEMS
Adaro Energy Tbk
Elnusa Tbk
Golden Energy Mines Tbk
28 – 07 – 2004
25 – 01 – 1969
13 – 03 – 1997
16 – 07 – 2008
06 – 02 – 2008
17 – 11 – 2011
4.
5.
HRUM
INCO
12 – 10 – 1995
25 – 07 – 1968
06 – 10 – 2010
16 – 05 – 1990
6.
ITMG
02 – 09 – 1987
18 – 12 – 2007
7.
KKGI
08 – 07 – 1981
01 – 07 – 1991
8.
MEDC
09 – 06 – 1980
12 – 10 – 1994
9.
MYOH
Harum Energy Tbk
Vale Indonesia Tbk (d.h
inco Indonesia Tbk)
Indo Tambangraya Megah
Tbk
Resource Alam Indonesia
Tbk
Medco Energi
International Tbk
Samindo Resources Tbk
15 – 03 – 2000
27 – 07 – 2000
10.
PTBA
02 – 03 – 1981
23 – 12 – 2002
11.
12.
PTRO
RUIS
Tambang Batubara Bukit
Asam Persero Tbk
Petrosea Tbk
Radiant Utama Interinsco
Tbk
21 – 02 – 1972
22 – 08 – 1984
21 – 05 – 1990
12 – 07 – 2006
13.
14.
TINS
TOBA
Timah (Persero) Tbk
Toba Bara Sejahtera Tbk
02 – 08 – 1976
09 – 03 – 1999
19 – 10 – 1995
06 – 07 – 2012
76
Universitas Sumatera Utara
LAMPIRAN 3
Tabulasi Variabel Dependen dan Independen
Price to Book Value (PBV) tahun 2012 – 2014
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Emiten
ADRO
ELSA
GEMS
HRUM
INCO
ITMG
KKGI
MEDC
MYOH
PTBA
PTRO
RUIS
TINS
TOBA
PBV (Y)
Tahun 2012
Tahun 2013
Tahun 2014
1.76
0.62
4.82
4.07
1.4
4.84
3.49
0.67
1.07
4.09
0.74
0.05
1.70
2.38
0.89
1.05
4.31
1.53
1.25
2.72
2.28
0.64
1.00
3.11
0.48
0.56
1.65
0.93
0.81
2.04
3.9
0.97
1.6
1.47
1.13
1.13
1.08
3.53
0.39
0.59
1.85
1.05
Dividend Payout Ratio (DPR) tahun 2012 – 2014
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Emiten
ADRO
ELSA
GEMS
HRUM
INCO
ITMG
KKGI
MEDC
MYOH
PTBA
PTRO
RUIS
TINS
TOBA
DPR (X1)
Tahun 2012
Tahun 2013
Tahun 2014
30.17
10.04
162.16
53.1
74.61
84.65
32.88
186.04
60.25
57.26
38.75
19.92
50
45.65
32.43
50
110.22
60
63.15
210.99
47.2
27.5
31.8
58.29
40.21
19.49
55
25.2
43.66
70
14.99
60
57.42
79.19
96.96
37.75
21.47
37.09
299.7
13.82
30
35.17
77
Universitas Sumatera Utara
Cash Holdings tahun 2012 – 2014
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Emiten
ADRO
ELSA
GEMS
HRUM
INCO
ITMG
KKGI
MEDC
MYOH
PTBA
PTRO
RUIS
TINS
TOBA
Cash Holdings (X2)
Tahun 2012
Tahun 2013
Tahun 2014
12.68
11.97
11.98
12.20
12.22
12.65
10.87
12.70
10.91
12.77
11.64
10.84
11.83
11.55
12.92
12.12
11.89
12.35
12.39
12.55
11.02
12.51
11.05
12.52
11.85
11.02
11.79
11.89
12.97
12.03
11.90
12.40
12.58
12.45
10.52
12.41
11.35
12.61
11.91
11.10
11.54
11.77
Return on Equity (ROE) tahun 2012 – 2014
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Emiten
ADRO
ELSA
GEMS
HRUM
INCO
ITMG
KKGI
MEDC
MYOH
PTBA
PTRO
RUIS
TINS
TOBA
ROE (X3)
Tahun 2012
Tahun 2013
Tahun 2014
12.80
6.64
6.17
37.72
3.92
43.10
32.18
2.24
13.34
34.21
26.23
12.19
9.47
10.76
7.18
10.62
5.73
12.55
2.25
23.91
23.50
1.78
22.22
24.55
8.76
11.32
10.53
31.15
5.63
16.19
4.34
0.72
9.65
22.28
11.08
1.49
26.74
23.29
1.17
17.94
11.38
25.15
78
Universitas Sumatera Utara
Institutional Ownership tahun 2012 -2014
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Emiten
Institutional Ownership (X4)
Tahun 2012
Tahun 2013
Tahun 2014
43.91
71.58
97.00
70.48
79.51
65.00
62.89
57.50
78.14
65.02
69.80
77.19
65.00
85.14
43.91
70.95
97.00
70.72
79.51
65.00
64.89
71.59
78.69
65.02
69.80
35.63
65.00
93.14
43.91
67.85
97.00
70.72
79.51
65.06
73.12
78.95
78.69
65.02
69.80
39.91
65.00
93.14
ADRO
ELSA
GEMS
HRUM
INCO
ITMG
KKGI
MEDC
MYOH
PTBA
PTRO
RUIS
TINS
TOBA
LAMPIRAN 4
Hasil Analisis Data
Descriptive Statistics
N
Minimum
Maximum
Mean
Std. Deviation
PBV
42
.05
4.84
1.7993
1.31810
DPR
42
10.04
299.73
62.7193
56.87141
LOG_CASH_HOLDINGS
42
10.52
12.97
11.9572
.64236
ROE
42
.72
43.10
14.8588
10.97611
42
35.63
97.00
70.1590
14.57841
INSTITUTIONAL_OWNERS
HIP
Valid N (listwise)
42
79
Universitas Sumatera Utara
Nilai Collinearity Statistics
Coefficients
Model
a
Collinearity Statistics
Tolerance
VIF
(Constant)
1
DPR
.927
1.079
LOG_CASH_HOLDINGS
.932
1.073
ROE
.962
1.040
INSTITUTIONAL_OWNERSHIP
.962
1.039
a. Dependent Variable: PBV
80
Universitas Sumatera Utara
Goodness of Fit
b
Model Summary
Model
R
1
.611
R Square
a
Adjusted R
Std. Error of the
Square
Estimate
.374
.306
Durbin-Watson
1.09820
2.230
a. Predictors: (Constant), INSTITUTIONAL_OWNERSHIP, ROE,
LOG_CASH_HOLDINGS, DPR
b. Dependent Variable: PBV
Hasil Uji F
a
ANOVA
Model
1
Sum of Squares
df
Mean Square
F
Regression
26.610
4
6.652
Residual
44.623
37
1.206
Total
71.233
41
Sig.
5.516
.001
b
a. Dependent Variable: PBV
b. Predictors: (Constant), INSTITUTIONAL_OWNERSHIP, ROE, LOG_CASH_HOLDINGS, DPR
Hasil Uji t
Coefficients
Model
Unstandardized
Standardized
Coefficients
Coefficients
B
(Constant)
1
a
Std. Error
T
Sig.
-2.270
.029
Beta
-8.052
3.547
DPR
.003
.003
.138
1.023
.313
LOG_CASH_HOLDINGS
.564
.277
.275
2.039
.049
ROE
.060
.016
.500
3.770
.001
INSTITUTIONAL_OWNERSHIP
.029
.012
.318
2.395
.022
a. Dependent Variable: PBV
81
Universitas Sumatera Utara
82
Universitas Sumatera Utara
83
Universitas Sumatera Utara
84
Universitas Sumatera Utara
P-P Plot
Hasil Uji Kolmogorov-Smirnov
One-Sample Kolmogorov-Smirnov Test
Unstandardized Residual
N
Normal Parameters
42
a,b
Most Extreme Differences
Mean
Std. Deviation
0E-7
1.04325196
Absolute
.101
Positive
.101
Negative
-.052
Kolmogorov-Smirnov Z
.657
Asymp. Sig. (2-tailed)
.781
a. Test distribution is Normal.
b. Calculated from data.
85
Universitas Sumatera Utara
Nilai Koefisien Korelasi
Coefficient Correlations
Model
INSTITUTIONAL
a
ROE
OWNERSHIP
INSTITUTIONAL
OWNERSHIP
ROE
LOG CASH
DPR
HOLDINGS
1.000
.051
.169
-.111
.051
1.000
.078
.154
.169
.078
1.000
-.191
-.111
.154
-.191
1.000
.001
-4.183E-006
Correlations
LOG CASH
HOLDINGS
DPR
INSTITUTIONAL
OWNERSHIP
ROE
Covariances LOG CASH
HOLDINGS
DPR
.000
9.717E006
9.717E-006
.000
.000
7.686E-006
.001
.000
.077
.000
.000
9.810E-006
-4.183E-006
7.686E006
a. Dependent Variable: PBV
86
Universitas Sumatera Utara
Hasil Uji Durbin-Watson
b
Model Summary
Model
1
R
.611
R Square
a
.374
Adjusted R
Std. Error of the
Square
Estimate
.306
1.09820
Durbin-Watson
2.230
a. Predictors: (Constant), INSTITUTIONAL_OWNERSHIP, ROE,
LOG_CASH_HOLDINGS, DPR
b. Dependent Variable: PBV
87
Universitas Sumatera Utara
Hasil Uji Analisis Linier Berganda
Coefficients
Model
Unstandardized
Standardized
Coefficients
Coefficients
B
(Constant)
1
a
Std. Error
T
Sig.
-2.270
.029
Beta
-8.052
3.547
DPR
.003
.003
.138
1.023
.313
LOG_CASH_HOLDINGS
.564
.277
.275
2.039
.049
ROE
.060
.016
.500
3.770
.001
INSTITUTIONAL_OWNERSHIP
.029
.012
.318
2.395
.022
a. Dependent Variable: PBV
88
Universitas Sumatera Utara
LAMPIRAN 1
Daftar Pemilihan Sampel Penelitian
No.
Kode
1.
2.
3.
4.
5.
6.
ADRO
ANTM
ARII
ARTI
ATPK
BIPI
7.
8.
9.
10.
11.
12.
13.
BORN
BRAU
BSSR
BUMI
BYAN
CITA
CKRA
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
CTTH
DEWA
DKFT
DOID
ELSA
ENRG
ESSA
GEMS
GTBO
HRUM
INCO
25.
26.
27.
28.
29.
30.
31.
32.
ITMG
KKGI
MBAP
MEDC
MITI
MYOH
PKPK
PSAB
33.
PTBA
Nama Emiten
Adaro Energy Tbk
Aneka Tambang (Persero) Tbk
Atlas Resources Tbk
Ratu Prabu Energi Tbk
ATPK Resources Tbk
Benakat Integra Tbk (d.h Benakat
Petroleum Energy Tbk)
Borneo Lumbung Energy & Metal Tbk
Berau Coal Enery Tbk
Baramulti Suksessarana Tbk
Bumi Resources Tbk
Bayan Resources Tbk
Citra Mineral Investindo Tbk
Cakra Mineral Tbk (d.h Citra Kebun
Raya Agri Tbk)
Citatah Tbk
Dewa Henwa Tbk
Central Omega Resources Tbk
Delta Duni Makmur Tbk
Elnusa Tbk
Energi Mega Persada Tbk
Surya Esa Perkasa Tbk
Golden Energy Mines Tbk
Garda Tujuh Buana Tbk
Harum Energy Tbk
Vale Indonesia Tbk (d.h inco Indonesia
Tbk)
Indo Tambangraya Megah Tbk
Resource Alam Indonesia Tbk
Mitrabara Adiperdana Tbk
Medco Energi International Tbk
Mitra Investindo Tbk
Samindo Resources Tbk
Perdana Karya Perkasa Tbk
J Resources Asia Pasific Tbk ( d.h Pelita
Sejahtera Abadi Tbk
Tambang Batubara Bukit Asam Persero
Tbk
1
√
√
√
√
√
√
Kriteria
2 3
√ √
√ √
√ X
√ X
√ X
√ X
Sampel
4
√
√
X
X
X
X
1
2
√
√
√
√
√
√
√
√
√
√
√
√
√
√
X
X
X
X
X
X
X
X
X
X
X
X
X
X
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
X
X
√
X
√
X
X
√
X
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√
X
X
√
X
√
X
X
√
X
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
X
√
X
√
X
X
√
√
X
√
X
√
X
X
10
√
√
√
√
12
3
4
5
6
7
8
9
11
75
Universitas Sumatera Utara
34.
35.
36.
37.
38.
39.
40.
PTRO
RUIS
SMMT
SMRU
TINS
TOBA
MDKA
√
√
√
√
√
√
√
Petrosea Tbk
Radiant Utama Interinsco Tbk
Golden Eagle Energi Tbk
SMR Utama Tbk
Timah (Persero) Tbk
Toba Bara Sejahtera Tbk
Merdeka Cooper Gold Tbk
√ √ √
√ √ √
√ √ √
√ X X
√ √ √
√ √ √
X X X
13
14
15
16
17
LAMPIRAN 2
Perusahaan Yang Menjadi Sampel Penelitian
No.
Kode
Nama Emiten
Tanggal Berdiri
Tanggal Listing
1.
2.
3.
ADRO
ELSA
GEMS
Adaro Energy Tbk
Elnusa Tbk
Golden Energy Mines Tbk
28 – 07 – 2004
25 – 01 – 1969
13 – 03 – 1997
16 – 07 – 2008
06 – 02 – 2008
17 – 11 – 2011
4.
5.
HRUM
INCO
12 – 10 – 1995
25 – 07 – 1968
06 – 10 – 2010
16 – 05 – 1990
6.
ITMG
02 – 09 – 1987
18 – 12 – 2007
7.
KKGI
08 – 07 – 1981
01 – 07 – 1991
8.
MEDC
09 – 06 – 1980
12 – 10 – 1994
9.
MYOH
Harum Energy Tbk
Vale Indonesia Tbk (d.h
inco Indonesia Tbk)
Indo Tambangraya Megah
Tbk
Resource Alam Indonesia
Tbk
Medco Energi
International Tbk
Samindo Resources Tbk
15 – 03 – 2000
27 – 07 – 2000
10.
PTBA
02 – 03 – 1981
23 – 12 – 2002
11.
12.
PTRO
RUIS
Tambang Batubara Bukit
Asam Persero Tbk
Petrosea Tbk
Radiant Utama Interinsco
Tbk
21 – 02 – 1972
22 – 08 – 1984
21 – 05 – 1990
12 – 07 – 2006
13.
14.
TINS
TOBA
Timah (Persero) Tbk
Toba Bara Sejahtera Tbk
02 – 08 – 1976
09 – 03 – 1999
19 – 10 – 1995
06 – 07 – 2012
76
Universitas Sumatera Utara
LAMPIRAN 3
Tabulasi Variabel Dependen dan Independen
Price to Book Value (PBV) tahun 2012 – 2014
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Emiten
ADRO
ELSA
GEMS
HRUM
INCO
ITMG
KKGI
MEDC
MYOH
PTBA
PTRO
RUIS
TINS
TOBA
PBV (Y)
Tahun 2012
Tahun 2013
Tahun 2014
1.76
0.62
4.82
4.07
1.4
4.84
3.49
0.67
1.07
4.09
0.74
0.05
1.70
2.38
0.89
1.05
4.31
1.53
1.25
2.72
2.28
0.64
1.00
3.11
0.48
0.56
1.65
0.93
0.81
2.04
3.9
0.97
1.6
1.47
1.13
1.13
1.08
3.53
0.39
0.59
1.85
1.05
Dividend Payout Ratio (DPR) tahun 2012 – 2014
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Emiten
ADRO
ELSA
GEMS
HRUM
INCO
ITMG
KKGI
MEDC
MYOH
PTBA
PTRO
RUIS
TINS
TOBA
DPR (X1)
Tahun 2012
Tahun 2013
Tahun 2014
30.17
10.04
162.16
53.1
74.61
84.65
32.88
186.04
60.25
57.26
38.75
19.92
50
45.65
32.43
50
110.22
60
63.15
210.99
47.2
27.5
31.8
58.29
40.21
19.49
55
25.2
43.66
70
14.99
60
57.42
79.19
96.96
37.75
21.47
37.09
299.7
13.82
30
35.17
77
Universitas Sumatera Utara
Cash Holdings tahun 2012 – 2014
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Emiten
ADRO
ELSA
GEMS
HRUM
INCO
ITMG
KKGI
MEDC
MYOH
PTBA
PTRO
RUIS
TINS
TOBA
Cash Holdings (X2)
Tahun 2012
Tahun 2013
Tahun 2014
12.68
11.97
11.98
12.20
12.22
12.65
10.87
12.70
10.91
12.77
11.64
10.84
11.83
11.55
12.92
12.12
11.89
12.35
12.39
12.55
11.02
12.51
11.05
12.52
11.85
11.02
11.79
11.89
12.97
12.03
11.90
12.40
12.58
12.45
10.52
12.41
11.35
12.61
11.91
11.10
11.54
11.77
Return on Equity (ROE) tahun 2012 – 2014
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Emiten
ADRO
ELSA
GEMS
HRUM
INCO
ITMG
KKGI
MEDC
MYOH
PTBA
PTRO
RUIS
TINS
TOBA
ROE (X3)
Tahun 2012
Tahun 2013
Tahun 2014
12.80
6.64
6.17
37.72
3.92
43.10
32.18
2.24
13.34
34.21
26.23
12.19
9.47
10.76
7.18
10.62
5.73
12.55
2.25
23.91
23.50
1.78
22.22
24.55
8.76
11.32
10.53
31.15
5.63
16.19
4.34
0.72
9.65
22.28
11.08
1.49
26.74
23.29
1.17
17.94
11.38
25.15
78
Universitas Sumatera Utara
Institutional Ownership tahun 2012 -2014
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Emiten
Institutional Ownership (X4)
Tahun 2012
Tahun 2013
Tahun 2014
43.91
71.58
97.00
70.48
79.51
65.00
62.89
57.50
78.14
65.02
69.80
77.19
65.00
85.14
43.91
70.95
97.00
70.72
79.51
65.00
64.89
71.59
78.69
65.02
69.80
35.63
65.00
93.14
43.91
67.85
97.00
70.72
79.51
65.06
73.12
78.95
78.69
65.02
69.80
39.91
65.00
93.14
ADRO
ELSA
GEMS
HRUM
INCO
ITMG
KKGI
MEDC
MYOH
PTBA
PTRO
RUIS
TINS
TOBA
LAMPIRAN 4
Hasil Analisis Data
Descriptive Statistics
N
Minimum
Maximum
Mean
Std. Deviation
PBV
42
.05
4.84
1.7993
1.31810
DPR
42
10.04
299.73
62.7193
56.87141
LOG_CASH_HOLDINGS
42
10.52
12.97
11.9572
.64236
ROE
42
.72
43.10
14.8588
10.97611
42
35.63
97.00
70.1590
14.57841
INSTITUTIONAL_OWNERS
HIP
Valid N (listwise)
42
79
Universitas Sumatera Utara
Nilai Collinearity Statistics
Coefficients
Model
a
Collinearity Statistics
Tolerance
VIF
(Constant)
1
DPR
.927
1.079
LOG_CASH_HOLDINGS
.932
1.073
ROE
.962
1.040
INSTITUTIONAL_OWNERSHIP
.962
1.039
a. Dependent Variable: PBV
80
Universitas Sumatera Utara
Goodness of Fit
b
Model Summary
Model
R
1
.611
R Square
a
Adjusted R
Std. Error of the
Square
Estimate
.374
.306
Durbin-Watson
1.09820
2.230
a. Predictors: (Constant), INSTITUTIONAL_OWNERSHIP, ROE,
LOG_CASH_HOLDINGS, DPR
b. Dependent Variable: PBV
Hasil Uji F
a
ANOVA
Model
1
Sum of Squares
df
Mean Square
F
Regression
26.610
4
6.652
Residual
44.623
37
1.206
Total
71.233
41
Sig.
5.516
.001
b
a. Dependent Variable: PBV
b. Predictors: (Constant), INSTITUTIONAL_OWNERSHIP, ROE, LOG_CASH_HOLDINGS, DPR
Hasil Uji t
Coefficients
Model
Unstandardized
Standardized
Coefficients
Coefficients
B
(Constant)
1
a
Std. Error
T
Sig.
-2.270
.029
Beta
-8.052
3.547
DPR
.003
.003
.138
1.023
.313
LOG_CASH_HOLDINGS
.564
.277
.275
2.039
.049
ROE
.060
.016
.500
3.770
.001
INSTITUTIONAL_OWNERSHIP
.029
.012
.318
2.395
.022
a. Dependent Variable: PBV
81
Universitas Sumatera Utara
82
Universitas Sumatera Utara
83
Universitas Sumatera Utara
84
Universitas Sumatera Utara
P-P Plot
Hasil Uji Kolmogorov-Smirnov
One-Sample Kolmogorov-Smirnov Test
Unstandardized Residual
N
Normal Parameters
42
a,b
Most Extreme Differences
Mean
Std. Deviation
0E-7
1.04325196
Absolute
.101
Positive
.101
Negative
-.052
Kolmogorov-Smirnov Z
.657
Asymp. Sig. (2-tailed)
.781
a. Test distribution is Normal.
b. Calculated from data.
85
Universitas Sumatera Utara
Nilai Koefisien Korelasi
Coefficient Correlations
Model
INSTITUTIONAL
a
ROE
OWNERSHIP
INSTITUTIONAL
OWNERSHIP
ROE
LOG CASH
DPR
HOLDINGS
1.000
.051
.169
-.111
.051
1.000
.078
.154
.169
.078
1.000
-.191
-.111
.154
-.191
1.000
.001
-4.183E-006
Correlations
LOG CASH
HOLDINGS
DPR
INSTITUTIONAL
OWNERSHIP
ROE
Covariances LOG CASH
HOLDINGS
DPR
.000
9.717E006
9.717E-006
.000
.000
7.686E-006
.001
.000
.077
.000
.000
9.810E-006
-4.183E-006
7.686E006
a. Dependent Variable: PBV
86
Universitas Sumatera Utara
Hasil Uji Durbin-Watson
b
Model Summary
Model
1
R
.611
R Square
a
.374
Adjusted R
Std. Error of the
Square
Estimate
.306
1.09820
Durbin-Watson
2.230
a. Predictors: (Constant), INSTITUTIONAL_OWNERSHIP, ROE,
LOG_CASH_HOLDINGS, DPR
b. Dependent Variable: PBV
87
Universitas Sumatera Utara
Hasil Uji Analisis Linier Berganda
Coefficients
Model
Unstandardized
Standardized
Coefficients
Coefficients
B
(Constant)
1
a
Std. Error
T
Sig.
-2.270
.029
Beta
-8.052
3.547
DPR
.003
.003
.138
1.023
.313
LOG_CASH_HOLDINGS
.564
.277
.275
2.039
.049
ROE
.060
.016
.500
3.770
.001
INSTITUTIONAL_OWNERSHIP
.029
.012
.318
2.395
.022
a. Dependent Variable: PBV
88
Universitas Sumatera Utara