Pengaruh Rasio Keuangan, Struktur Corporate Governance, dan Ukuran Perusahaan Terhadap Financial Distress (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI Periode 2011-2014)
LAMPIRAN 1
Daftar Populasi dan Sampel
No. Kode Perusahaan (Nama Perusahaan)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
INTP ( Indocement Tunggal Prakasa Tbk )
SMBR ( Semen Baturaja Persero Tbk )
SMCB ( Holcim Indonesia Tbk )
SMGR ( Semen Gresik Tbk )
WTON ( Wijaya Karya Beton Tbk )
AMFG (Asahimas Flat Glass Tbk)
ARNA (Arwana Citra Mulia Tbk)
IKAI (Inti Keramik Alam Asri Industri
Tbk)
KIAS (Keramika Indonesia Assosiasi Tbk)
MLIA (Mulia Industrindo Tbk)
TOTO (Surya Toto Indonesia Tbk)
ALKA (Alakasa Industrindo Tbk)
ALMI (Alumindo Light Metal Industry
Tbk)
BTON (Beton Jaya Manunggal Tbk)
CTBN (Citra Turbindo Tbk)
GDST (Gunawan Dianjaya Steel Tbk)
INAI (Indal Aluminium Industry Tbk)
ISSP (Steel Pipe Industry of Indonesia
Tbk)
ITMA (Itamaraya Tbk)
JKSW (Jakarta Kyoei Steel Work LTD
Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
MYRX (Hanson International Tbk)
NIKL (Pelat Timah Nusantara Tbk)
PICO (Pelangi Indah Canindo Tbk)
TBMS (Tembaga Mulia Semanan Tbk)
BRPT (Barito Pasific Tbk)
BUDI (Budi Acid Jaya Tbk)
DPNS (Duta Pertiwi Nusantara)
1
√
√
√
√
X
√
√
Kriteria Sampel
2
3
4
5
√
√
X
√
√
X
X
√
√
√
X
√
√
√
X
√
X
X
X
X
√
√
X
√
√
X
X
√
KETERANGAN
-
-
-
√
√
X
X
√
-
√
√
√
√
√
√
√
√
√
√
√
√
X
√
X
X
√
√
√
√
SAMPEL 1
-
√
√
√
√
√
SAMPEL 2
√
√
√
√
√
√
√
√
X
√
X
√
X
√
X
√
√
√
√
√
-
X
X
X
X
X
-
√
√
√
X
√
-
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X
X
√
-
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X
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X
X
X
X
√
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√
√
√
√
√
√
√
√
SAMPEL 5
SAMPEL 6
SAMPEL 7
SAMPEL 8
SAMPEL 9
X
X
X
√
√
SAMPEL 3
-
SAMPEL 4
-
SAMPEL 10
112
Universitas Sumatera Utara
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
EKAD (Ekadharma International Tbk)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SOBI (Sorini Agro Asia Corporindo Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
AKKU (Alam Karya Unggul Tbk)
AKPI (Argha Karya Prima Industry Tbk)
APLI (Asiaplast Industries Tbk)
BRNA (Berlina Tbk)
FPNI (Titan Kimia Nusantara Tbk)
IGAR (Champion Pasific Indonesia Tbk)
IMPC ( Impack Pratama Industri Tbk )
IPOL (Indopoly Swakarsa Industry Tbk)
SIAP (Sekawan Intipratama Tbk)
SIMA (Siwani Makmur Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
CPIN (Charoen Pokphand Indonesia Tbk)
JPFA (Japfa Comfeed Indonesia Tbk)
MAIN (Malindo Feedmill Tbk)
SIPD (Siearad Produce Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
TIRT (Tirta Mahakam Resources Tbk)
ALDO (Alkindo Naratama Tbk)
DAJK ( Dwi Aneka Jaya Kemasindo Tbk )
FASW (Fajar Surya Wisesa Tbk)
INKP (Indah Kiat Pulp & paper Tbk)
INRU (Toba Pulp Lestari Tbk)
KBRI (Kertas Basuki Rachmat Indonesia
Tbk)
SPMA (Suparma Tbk)
TKIM (Pabrik Kertas Tjiwi Kimia Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GDYR (Goodyear Indonesia Tbk)
GJTL (Gajah Tunggal Tbk)
√
√
√
√
√
√
√
√
√
√
√
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√
X
√
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X
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X
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√
√
√
X
√
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√
X
√
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X
√
√
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√
X
X
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X
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X
X
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X
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X
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X
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√
√
X
X
X
√
X
X
X
X
X
X
√
√
X
X
X
X
√
X
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X
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X
X
√
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X
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X
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X
√
-
√
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X
X
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X
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√
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√
√
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√
SAMPEL 22
SAMPEL 23
SAMPEL 24
SAMPEL 25
-
SAMPEL 11
SAMPEL 12
-
SAMPEL 13
SAMPEL 14
SAMPEL 15
-
SAMPEL 16
-
SAMPEL 17
SAMPEL 18
-
SAMPEL 19
SAMPEL 20
-
SAMPEL 21
-
113
Universitas Sumatera Utara
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
IMAS (Indomobil Sukses International
Tbk)
INDS (Indospring Tbk)
LPIN (Multi Prima Sejahtera Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ADMG (Polychem Indonesia Tbk)
ARGO (Argo Pantes Tbk)
CNTX (Centex Tbk)
ERTX (Eratex Djaya Tbk)
ESTI (Ever Shine Textile Industry Tbk)
HDTX (Pan Asia Indosyntec Tbk)
INDR (Indo Rama Synthetic Tbk)
KARW (Karwell Indonesia Tbk)
MYTX (Apac Citra Centertex Tbk)
PBRX (Pan Brothers Tbk)
POLY (Asia Pasific Fibers Tbk)
RICY (Ricky Putra Globalindo Tbk)
SRIL (Sri Rejeki Isman Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
TRIS (Trisula International Tbk)
UNIT (Nusantara Inti Corpora Tbk)
UNTX (Unitex Tbk)
BATA (Sepatu Bata Tbk)
BIMA (Primarindo Asia Infrastructure
Tbk)
IKBI (Sumi Indo Kabel Tbk)
JECC (Jembo Cable Company Tbk)
KBLI (KMI Wire and Cable Tbk)
KBLM (Kabelindo Murni Tbk)
SCCO (Supreme Cable Manufacturing and
Commerce Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
KRAH ( Grand Kartech Tbk )
ADES (Akasha Wira International Tbk)
AISA (Tiga Pilar Sejahtera Food Tbk)
ALTO (Tri Banyan Tirta Tbk)
√
√
√
X
√
-
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X
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X
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X
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X
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X
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X
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X
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X
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X
√
√
X
SAMPEL 26
SAMPEL 27
SAMPEL 28
SAMPEL 29
SAMPEL 30
SAMPEL 31
√
√
√
√
X
√
X
√
X
X
√
X
√
√
√
√
X
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X
X
X
X
X
X
X
√
X
X
X
√
X
X
X
X
√
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X
X
√
-
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√
√
√
√
√
√
√
√
√
√
√
√
X
X
X
√
√
√
√
SAMPEL 34
-
√
√
√
X
√
-
√
√
X
√
√
X
√
√
X
√
√
X
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√
X
√
√
√
X
X
SAMPEL 35
SAMPEL 36
X
X
X
X
√
√
X
√
√
X
X
√
X
-
-
-
SAMPEL 32
-
SAMPEL 33
-
-
-
-
114
Universitas Sumatera Utara
107 CEKA (Cahaya Kalbar Tbk)
108 DAVO (Davomas Abadi Tbk)
109 DLTA (Delta Djakarta Tbk)
ICBP (Indofood CBP Sukses Makmur
110
Tbk)
111 INDF (Indofood Sukses Makmur Tbk)
112 MLBI (Multi Bintang Indonesia Tbk)
113 MYOR (Mayora Indah Tbk)
114 PSDN (Prashida Aneka Niaga Tbk)
115 ROTI (Nippon Indosari Corporindo Tbk)
116 SKBM (Sekar Bumi Tbk)
117 SKLT (Sekar Laut Tbk)
118 STTP (Siantar Top Tbk)
ULTJ (Ultrajaya Milk Industry and
119
Trading Company Tbk)
120 GGRM (Gudang Garam Tbk)
121 HMSP (Hanjaya Mandala Sampoerna Tbk)
RMBA (Bentoel International Investama
122
Tbk)
123 WIIM (Wismilak Inti Makmur Tbk)
124 DVLA (Darya Varia Laboratoria Tbk)
125 INAF (Indofarma Tbk)
126 KAEF (Kimia Farma Tbk)
127 KLBF (Kalbe Farma Tbk)
128 MERK (Merck Tbk)
129 PYFA (Pyridam Farma Tbk)
130 SCPI (Schering Plough Indonesia Tbk)
SIDO ( Industri Jamu dan Farmasi Sido
131
Muncul Tbk )
SQBI (Taisho Pharmaceutical Indonesia
132
Tbk)
133 TSPC (Tempo Scan Pasific Tbk
134 MBTO (Martina Berto Tbk)
135 MRAT (Mustika Ratu Tbk)
136 TCID (Mandom Indonesia Tbk)
137 UNVR (Unilever Indonesia Tbk)
138 CINT ( Chitose Internasional Tbk )
139 KDSI (Kedawung Setia Industrial Tbk)
140 KICI (Kedaung Indag Can Tbk)
141 LMPI (Langgeng Makmur Industry Tbk)
√
√
√
√
X
√
√
√
X
√
-
√
X
X
X
X
√
√
√
X
√
-
√
√
√
√
√
X
√
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√
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√
√
√
X
√
√
√
√
X
√
√
√
√
√
√
√
X
√
√
SAMPEL 37
-
√
X
√
X
X
√
X
X
√
X
√
√
√
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
√
√
√
SAMPEL 45
SAMPEL 46
X
X
√
√
√
-
-
SAMPEL 38
-
SAMPEL 39
-
-
SAMPEL 42
SAMPEL 43
SAMPEL 44
-
-
SAMPEL 47
-
SAMPEL 48
SAMPEL 49
SAMPEL 50
115
Universitas Sumatera Utara
LAMPIRAN 2
Data Variabel Likuiditas
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Kode dan Nama Perusahaan
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
2011
2012
1,545
1,214
2,186
1,189
3,384
1,436
7,103
2,355
1,514
5,189
1,007
11,201
3,175
1,760
1,596
1,009
1,394
1,482
0,213
1,140
1,321
1,364
1,355
2,789
1,749
2,404
0,482
1,084
1,138
2,716
1,036
1,440
1,827
5,213
1,287
1,250
1,910
1,550
1,697
1,467
1,292
1,789
1,993
6,704
1,125
9,345
4,067
1,208
8,592
0,772
7,711
1,752
1,435
1,670
0,974
1,303
1,344
0,373
1,224
0,584
1,399
1,165
2,128
1,720
2,334
1,393
1,103
1,113
1,944
0,789
1,315
1,721
3,522
1,334
1,371
2,003
1,607
1,415
2013
2014
1,130
1,114
1,059
1,025
1,787
1,801
1,236
1,082
247,444 464,984
0,962
0,749
6,729
3,695
4,197
5,568
1,186
1,116
10,174 12,228
1,051
0,474
13,871 12,863
3,281
2,871
1,314
1,395
1,753
2,201
0,812
1,047
1,143
1,216
1,176
1,383
0,289
0,769
1,300
1,329
1,420
0,977
1,242
1,323
1,890
1,332
1,571
1,416
2,309
2,016
3,856
2,912
1,567
1,748
1,051
1,294
1,031
1,003
2,098
2,112
0,674
0,410
3,338
3,863
1,314
1,199
4,727
4,651
1,135
1,158
1,694
2,613
1,667
1,807
1,680
1,464
1,234
1,184
116
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
1,521
2,018
2,470
3,345
2,245
2,748
2,188
2,540
3,083
4,081
11,743
1,358
7,260
1,477
2,170
2,825
3,071
2,413
3,093
3,710
7,727
1,591
4,800
1,240
1,722
2,427
2,550
1,537
2,962
3,991
3,573
1,445
5,774
1,194
1,620
2,387
3,326
1,627
3,002
3,954
1,798
1,368
7,904
1,240
117
Universitas Sumatera Utara
LAMPIRAN 3
Data Variabel Leverage
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Kode dan Nama Perusahaan
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
2011
2012
2013
2014
0,86
0,71
0,41
0,81
0,23
0,52
0,17
0,42
0,52
0,24
0,39
0,11
0,3
0,5
0,49
0,6
0,38
0,34
0,98
0,5
0,63
0,51
0,32
0,28
0,62
0,45
0,63
0,63
0,71
0,41
0,79
0,55
0,65
0,18
0,68
0,39
0,41
0,51
0,43
0,81
0,69
0,47
0,79
0,13
0,56
0,14
0,24
0,61
0,16
0,54
0,12
0,33
0,57
0,44
0,61
0,38
0,53
1,03
0,49
0,68
0,51
0,38
0,32
0,57
0,32
0,4
0,59
0,51
0,43
0,88
0,59
0,65
0,25
0,64
0,42
0,42
0,4
0,48
0,83
0,76
0,45
0,84
0,04
0,56
0,17
0,22
0,65
0,37
1,14
0,07
0,84
0,55
0,46
0,73
0,48
0,72
1,4
0,54
0,73
0,5
0,24
0,42
0,63
0,2
0,4
0,7
0,49
0,41
0,86
0,58
0,66
0,18
0,69
0,35
0,51
0,39
0,54
0,82
0,8
0,44
0,84
0,04
0,66
0,26
0,17
0,71
0,12
0,77
0,07
0,29
0,55
0,44
0,73
0,47
0,49
1,41
0,55
0,71
0,49
0,3
4,28
0,63
0,2
0,4
0,52
0,47
0,34
1,15
0,44
0,67
0,19
0,67
0,25
0,52
0,39
0,54
118
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
0,36
0,31
0,28
0,22
0,37
0,3
0,34
0,3
0,28
0,26
0,1
0,52
0,26
0,41
0,36
0,31
0,27
0,35
0,28
0,29
0,13
0,45
0,3
0,5
0,42
0,34
0,34
0,46
0,29
0,26
0,19
0,59
0,25
0,52
0,43
0,39
0,3
0,44
0,26
0,27
0,31
0,58
0,19
0,51
119
Universitas Sumatera Utara
LAMPIRAN 4
Data Variabel Profitabilitas
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Kode dan Nama Perusahaan
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
2011
2012
2013
2014
-0,006
0,031
0,294
0,048
0,086
0,012
0,144
0,111
-0,021
-0,039
0,118
-0,137
0,066
0,055
0,115
0,068
0,068
0,074
-0,186
0,046
0,027
0,137
0,158
0,043
0,059
0,106
0,030
0,040
0,003
0,193
-0,082
0,048
-0,029
0,029
0,070
-0,010
0,091
0,057
0,028
-0,005
0,007
0,128
0,037
0,024
-0,008
0,197
0,321
-0,059
0,112
0,039
0,034
0,042
-0,052
0,007
0,071
0,028
0,048
-0,106
0,066
0,001
0,125
0,128
0,098
0,088
0,081
0,001
0,041
0,027
0,186
-0,066
0,045
-0,017
0,050
0,087
0,011
0,081
0,038
0,032
-0,066
0,010
0,140
0,051
0,040
-0,006
0,130
0,102
0,002
0,748
0,011
0,076
0,127
0,006
0,038
-0,011
0,010
0,010
-0,346
0,075
-0,044
0,104
0,084
0,023
0,008
0,067
0,006
0,042
0,017
0,199
0,035
0,045
-0,017
0,023
0,020
0,018
0,044
0,031
0,038
0,017
0,001
0,098
0,052
-0,019
-0,060
0,082
0,053
-0,059
0,054
-0,107
0,075
0,031
0,010
0,011
0,043
0,001
-0,029
0,006
0,059
0,016
0,094
0,067
0,052
0,017
0,056
0,001
0,042
0,009
0,241
-0,208
0,028
-0,017
0,024
-0,055
-0,041
0,060
-0,045
0,050
120
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
0,047
0,146
0,116
0,097
0,127
0,096
0,059
0,044
0,138
0,079
0,124
0,040
0,004
0,008
0,098
0,097
0,108
0,039
0,137
0,075
0,119
0,065
0,024
0,003
0,086
0,087
0,055
0,035
0,118
0,026
0,109
0,042
0,076
-0,015
0,093
0,080
0,052
0,015
0,104
0,005
0,094
0,047
0,049
0,002
121
Universitas Sumatera Utara
LAMPIRAN 5
Data Variabel Rasio Aktivitas
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Kode dan Nama Perusahaan
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
2011
2012
2013
2014
4,733
6,534
1,496
2,229
5,552
2,494
1,666
7,174
3,762
3,817
26,470
1,501
2,102
8,421
5,723
6,165
5,409
7,067
2,346
8,358
6,001
11,434
7,364
5,341
7,399
2,584
4,167
5,568
2,785
4,300
5,900
4,768
1,252
11,744
6,032
14,884
5,377
7,064
5,615
4,681
5,391
1,375
2,110
5,330
3,025
1,948
5,901
3,805
3,195
24,411
1,031
2,008
8,126
5,276
6,284
4,544
5,758
2,007
7,533
5,375
11,135
6,559
4,228
6,461
2,474
3,000
4,765
2,298
4,245
4,504
5,039
1,418
11,074
6,621
16,997
5,097
5,888
5,754
5,989
3,363
2,860
2,143
3,675
3,395
1,693
6,360
3,956
2,578
12,653
7,104
1,642
8,478
4,335
5,782
3,825
4,108
1,233
6,850
6,602
10,672
6,887
4,510
0,998
3,020
3,040
4,790
1,893
4,437
4,303
5,581
1,499
8,360
6,552
16,759
5,271
4,974
6,745
5,764
2,715
23,453
2,707
7,547
3,656
1,625
6,741
3,590
2,263
13,720
6,122
2,006
9,181
3,834
5,493
4,289
4,537
3,199
6,011
6,600
10,369
6,581
3,648
5,225
3,593
2,762
3,994
2,058
4,433
4,591
5,134
1,487
8,743
4,724
9,245
5,603
4,645
7,330
122
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
4,067
5,431
5,630
4,770
1,318
5,798
3,293
0,408
5,418
5,133
4,467
6,083
1,974
3,116
1,458
5,188
3,718
0,376
5,557
6,445
4,337
6,941
1,994
2,725
1,567
5,218
3,185
0,204
4,685
5,943
4,232
8,020
1,670
2,540
1,595
4,721
2,895
2,377
4,446
5,173
3,765
8,220
1,691
2,030
123
Universitas Sumatera Utara
LAMPIRAN 6
Data Variabel Komisaris Independen
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Kode dan Nama Perusahaan
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
2011
2012
2013
2014
0.333
0.400
0.400
0.400
0.500
0.400
0.333
0.333
0.333
0.333
0.250
0.333
0.333
0.286
0.333
0.500
0.333
0.333
0.400
0.333
0.333
0.455
0.400
0.428
0.333
0.333
0.400
0.333
0.333
0.333
0.400
0.333
0.333
0.400
0.400
0.333
0.333
0.333
0.333
0.333
0.400
0.400
0.400
0.500
0.400
0.333
0.333
0.333
0.333
0.250
0.333
0.333
0.286
0.333
0.500
0.333
0.333
0.400
0.333
0.333
0.417
0.400
0.428
0.333
0.333
0.400
0.250
0.333
0.333
0.400
0.333
0.333
0.400
0.400
0.333
0.375
0.333
0.333
0.400
0.500
0.333
0.400
0.500
0.333
0.333
0.333
0.333
0.333
0.250
0.333
0.375
0.286
0.333
0.333
0.333
0.333
0.333
0.333
0.333
0.300
0.364
0.308
0.286
0.333
0.400
0.333
0.333
0.333
0.400
0.333
0.333
0.400
0.250
0.333
0.375
0.333
0.333
0.400
0.500
0.333
0.400
0.500
0.333
0.333
0.333
0.333
0.333
0.250
0.333
0.375
0.286
0.333
0.428
0.250
0.333
0.333
0.333
0.200
0.364
0.400
0.308
0.333
0.333
0.400
0.333
0.333
0.333
0.400
0.333
0.333
0.333
0.400
0.333
0.375
0.333
0.333
124
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
0.333
0.333
0.333
0.333
0.500
0.400
0.333
0.333
0.667
0.333
0.400
0.500
0.333
0.500
0.500
0.400
0.333
0.333
0.500
0.333
0.400
0.500
0.333
0.500
0.500
0.400
0.333
0.333
0.600
0.333
0.400
0.400
0.333
0.500
0.500
0.400
0.333
0.333
0.750
0.333
0.400
0.500
0.333
0.500
125
Universitas Sumatera Utara
LAMPIRAN 7
Data Variabel Kepemilikan Manajerial
No.
Kode dan Nama Perusahaan
2011
2012
2013
2014
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
0.05825
1.60390
0.03333
0.18939
15.53467
0.02227
0.24896
25.61979
0.03266
6.86622
0.08262
16.66826
0.00051
0.01058
0.03886
10.52667
1.57482
0.35172
1.21357
14.32168
75.74240
0.03604
0.07651
27.76322
0.08358
0.40889
0.69527
12.40000
5.90917
6.04332
2.47066
0.41777
7.50119
0.09510
4.36870
70.00262
0.05220
1.64826
0.12508
0.05825
1.60390
0.03333
0.18939
15.53467
0.01452
0.24896
25.61979
0.03266
5.71088
0.08262
8.37945
12.07435
0.03232
0.03886
10.10058
1.90733
0.35172
1.21357
14.32168
75.74240
0.03616
0.07047
27.76322
0.08358
0.40889
3.45819
12.40000
5.90917
6.04332
2.47364
0.41753
5.72052
0.09510
4.38578
70.00262
0.01572
1.65181
0.12508
0.06036
1.60390
0.03988
0.18939
15.53467
0.01458
0.24896
25.58854
0.03266
5.71088
0.08262
8.37945
9.42027
0.05149
0.03899
9.41652
1.49523
0.35172
0.96420
14.32168
75.74240
0.03604
0.06438
27.76322
0.09650
0.43527
3.05074
12.40000
4.95631
8.34177
2.47364
0.19758
8.05704
0.09510
9.48130
70.00262
0.01572
1.65181
0.12508
0.05894
1.60390
0.03875
0.18939
15.53467
0.01452
0.24896
25.18229
0.03266
5.71088
0.08262
13.87781
11.59433
0.05719
0.03886
7.21362
1.18720
0.35172
0.96420
14.32168
74.73641
0.02869
0.02110
27.76322
0.10638
0.43527
15.69420
6.00538
4.95631
8.34177
2.41561
0.19758
8.05704
0.09510
9.48130
70.00262
0.01572
1.65181
0.12508
126
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
17.97046 17.97046 17.79735 17.89156
0.85368 0.92003
0.00491 0.00225
0.02266 0.00933
23.07692 23.07692
0.08777 0.10218
0.09621 0.09621
0.14186 0.14186
0.03432 0.02593
0.22687 0.22687
0.00556 0.00556
0.92003
0.00225
0.00933
2.33236
0.09740
0.09388
0.14169
4.83753
0.22687
0.00056
0.92003
0.00225
0.00933
2.33236
0.08111
0.09388
0.13578
4.81160
0.22687
0.00556
127
Universitas Sumatera Utara
LAMPIRAN 8
Data Variabel Kepemilikan Institusional
No.
Kode dan Nama Perusahaan
2011
2012
2013
2014
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
67.2476
83.8427
80.9268
76.0262
68.4210
80.0000
57.6976
32.2156
79.9604
68.0892
55.6306
29.7375
85.3138
94.8729
74.8045
72.1000
59.4545
89.4686
66.5179
58.4056
75.7424
50.1148
95.6537
65.8122
59.8084
88.1082
67.3717
37.1125
45.2381
58.1256
54.6530
54.1066
89.4625
93.0583
48.6545
22.0683
50.0671
72.0918
96.0912
67.2476
83.8427
80.9268
76.0262
68.4210
80.0000
57.6976
32.2156
80.1016
66.4811
55.6306
38.0263
77.9804
94.9352
64.9407
57.2257
60.3465
89.4686
69.1452
58.4056
75.7424
50.1148
95.6537
65.8122
59.8084
88.1082
47.7297
37.1125
45.2381
58.1256
54.6777
53.0040
91.2432
93.0583
48.6544
22.0683
50.0671
72.0918
96.0912
69.6798
75.9779
82.4425
77.9346
68.4210
80.0000
57.6976
32.2156
80.1016
66.4163
55.6306
38.0263
77.9804
95.3385
79.0121
56.3521
59.7165
89.4686
73.6600
58.4056
75.7424
50.1148
80.0000
65.8122
59.8127
88.1082
52.8175
37.1125
37.9434
58.1256
54.6777
46.1925
69.5359
93.0583
53.4672
20.0000
50.0671
72.0918
96.0912
68.0381
82.1261
82.4425
77.9343
68.4210
80.0000
57.6976
32.2156
80.1016
59.6400
55.6306
38.0263
77.9804
95.7387
79.0121
55.8905
59.7165
89.4686
59.6930
58.4056
74.7364
50.1148
80.0000
65.8122
59.6147
88.1083
43.5764
62.9083
37.9434
58.1256
54.6777
46.1925
69.5359
93.0583
53.4672
20.0000
50.0671
72.0918
96.0912
128
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
46.6122
46.6122
46.5900
46.5900
75.5469
90.0252
56.6380
53.8461
95.0620
67.7503
73.7739
49.1333
75.0197
83.2746
75.5469
90.0252
56.6380
53.8461
77.2856
67.7503
73.7739
75.6762
82.5481
83.2746
75.5469
90.0252
56.7074
53.8461
77.3366
67.7503
73.7739
75.6762
83.0605
8.3272
75.5469
90.0252
56.7135
53.8461
77.5248
67.7503
73.7739
75.6762
83.0605
83.2746
129
Universitas Sumatera Utara
LAMPIRAN 9
Data Variabel Ukuran Perusahaan
No.
Kode dan Nama Perusahaan
2011
2012
2013
2014
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
12.7867
12.2702
12.3325
11.7358
11.6413
13.3232
11.5633
10.9913
11.9644
11.2363
11.7929
11.0976
11.5577
13.1488
12.3915
11.8089
12.3178
11.3493
12.2292
11.2165
12.6934
14.1862
12.8429
12.2639
13.1096
12.0568
12.6742
11.6500
11.7641
12.1231
12.2330
12.1804
11.9261
11.7916
12.1967
11.8744
13.7291
11.6247
11.3309
12.8168
12.2745
12.4012
11.7869
11.6005
13.3810
11.6370
11.1091
12.0292
11.2663
11.9827
11.1215
11.6043
13.1995
12.3673
11.8867
12.3401
11.5434
12.1550
11.2669
12.7465
14.2607
12.9485
12.3340
13.0648
12.2214
12.7679
11.7207
11.7614
12.1587
12.2576
12.3017
11.9086
11.8737
12.2300
11.9373
13.7732
11.8342
11.3975
12.8567
12.4397
12.4574
11.8842
11.5758
14.4847
11.6977
11.1514
12.1837
11.4089
12.1112
11.1340
11.1003
13.2998
12.4496
12.0512
12.5133
11.7881
11.9737
11.4793
12.7553
14.3304
13.1010
12.3978
13.1861
12.3417
12.8181
11.9022
11.9007
12.2337
12.2665
12.3883
11.9041
11.8771
12.2913
11.9150
13.8899
11.8337
11.4800
12.8582
12.5068
12.4892
11.9529
11.5693
14.5838
11.7782
11.1459
12.1790
11.4296
12.1242
11.1702
11.6659
13.3585
12.4474
12.1252
12.5134
11.5058
11.9545
11.5524
12.7467
14.3730
13.1578
12.5634
13.2053
12.3584
12.8704
12.0817
12.1095
12.2429
12.2383
12.6385
11.8886
11.9524
12.1914
11.8900
13.9342
11.7930
11.5206
130
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
12.3386
12.3840
12.4490
12.4649
13.5921
12.2539
12.9177
11.0720
12.6284
11.7337
12.0534
11.7691
10.9416
11.8363
13.6181
12.3173
12.9740
11.1331
12.6659
11.7850
12.1009
11.7563
10.9775
11.9112
13.7056
12.3930
13.0537
11.2433
12.7330
11.7866
12.1661
11.9295
10.9925
11.9150
13.7651
12.4725
13.0943
11.2374
12.7476
11.7920
12.2679
11.9787
10.9856
11.9079
131
Universitas Sumatera Utara
LAMPIRAN 10
Data Variabel Financial Distress
No.
Kode dan Nama Perusahaan
2011
2012
2013
2014
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
1
0
0
0
0
0
0
0
1
1
0
1
0
1
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
1
0
1
0
0
1
0
0
0
1
0
0
0
0
1
0
0
1
0
0
0
0
1
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
1
0
1
0
0
0
0
0
0
1
0
0
0
0
1
0
0
0
0
0
0
0
0
0
1
0
0
1
0
1
0
0
0
0
0
1
0
0
0
1
0
1
0
0
0
0
0
0
0
0
0
0
1
1
0
0
1
0
1
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
1
1
0
1
0
132
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
133
Universitas Sumatera Utara
LAMPIRAN 11
Hasil Pengelolahan SPSS
STATISTIK DESKRIPTIF
Statistik Deskriptif Variabel Likuiditas, Leverage, Profitabilitas, Rasio
Aktivitas, Komisaris Independen, Kepemilikan Manajerial, Kepemilikan
Institusional, dan Ukuran Perusahaan
Descriptive Statistics
N
Minimum
Maximum
Mean
Std. Deviation
Likuiditas
200
,213
464,984
5,98853
37,006682
Leverage
200
,040
4,280
,49160
,354504
Profitabilitas
200
-,346
,748
,04782
,088533
Rasio Aktivitas
200
,204
26,470
5,18612
3,707024
Komisaris Independen
200
,200
,750
,36685
,071031
Kepemilikan Manajerial
200
,0005
75,7424
7,051139
15,1055807
Kepemilikan Institusional
200
8,3272
96,0912
66,395858
17,9883630
Ukuran Perusahaan
200
10,942
14,584
12,21818
,746338
Valid N (listwise)
200
Statistik Deskriptif Variabel Financial Distress
Statistics
Financial Distress
Valid
200
N
Missing
0
Statistik Frekuensi Variabel Financial Distress
Financial Distress
Frequency
Percent
Valid Percent
Cumulative
Percent
Valid
0
166
83,0
83,0
83,0
1
34
17,0
17,0
100,0
200
100,0
100,0
Total
134
Universitas Sumatera Utara
HASIL UJI REGRESI LOGISTIK
Case Processing Summary
a
Unweighted Cases
N
Included in Analysis
Selected Cases
Percent
200
100,0
0
,0
200
100,0
0
,0
200
100,0
Missing Cases
Total
Unselected Cases
Total
a. If weight is in effect, see classification table for the total number of
cases.
Dependent Variable Encoding
Original Value
Internal Value
0
0
1
1
Uji Kelayakan Keseluruhan Model
Block 0: Beginning Block
a,b,c
Iteration History
Iteration
-2 Log likelihood
Coefficients
Constant
1
184,463
-1,320
2
182,366
-1,565
3
182,354
-1,585
4
182,354
-1,586
Step 0
a. Constant is included in the model.
b. Initial -2 Log Likelihood: 182,354
c. Estimation terminated at iteration number 4
because parameter estimates changed by less than
,001.
135
Universitas Sumatera Utara
Classification Table
a,b
Observed
Predicted
Financial Distress
Percentage
0
1
Correct
0
166
0
100,0
1
34
0
,0
Financial Distress
Step 0
Overall Percentage
83,0
a. Constant is included in the model.
b. The cut value is ,500
Variables in the Equation
Step 0
Constant
B
S.E.
Wald
Df
Sig.
Exp(B)
-1,586
,188
70,951
1
,000
,205
Variables not in the Equation
Score
df
Sig.
LIQUID
2,560
1
,110
LEV
7,828
1
,005
PROF
55,049
1
,000
AKTV
,343
1
,558
IND_COM
,740
1
,390
MAN_OWN
,854
1
,355
INS_OWN
,119
1
,730
SIZE
,986
1
,321
60,040
8
,000
Variables
Step 0
Overall Statistics
136
Universitas Sumatera Utara
Block 1: Method = Enter
a,b,c,d
Iteration History
Iteration
-2 Log likelihood
Coefficients
Constant
LIQUID
LEV
PROF
AKTV
1
136,129
-2,686
,005
,238
-8,457
-,023
2
90,766
-5,493
,005
-,027
-23,714
-,013
3
67,053
-7,439
,006
-,062
-43,023
,002
4
55,495
-8,561
,006
,073
-65,913
,030
5
50,675
-10,307
,008
,364
-90,635
,070
6
49,430
-12,486
,009
,594
-110,301
,104
7
49,321
-13,594
,009
,686
-118,178
,118
8
49,320
-13,738
,009
,697
-119,046
,119
9
49,320
-13,740
,009
,697
-119,055
,119
10
49,320
-13,740
,009
,697
-119,055
,119
Step 1
a,b,c,d
Iteration History
Iteration
Coefficients
IND_COM
MAN_OWN
INS_OWN
SIZE
1
-1,051
,003
-,002
,181
2
-,754
,003
-,001
,411
3
,036
,000
-,003
,557
4
,109
-,006
-,007
,655
5
,334
-,012
-,010
,783
6
,860
-,016
-,012
,931
7
1,150
-,017
-,013
1,006
8
1,187
-,017
-,013
1,015
9
1,187
-,017
-,013
1,015
10
1,187
-,017
-,013
1,015
Step 1
Uji Koefisien Determinasi
Model Summary
Step
1
-2 Log likelihood
49,320
a
Cox & Snell R
Nagelkerke R
Square
Square
,486
,812
137
Universitas Sumatera Utara
a. Estimation terminated at iteration number 10 because
parameter estimates changed by less than ,001.
Uji Kelayakan Model
Hosmer and Lemeshow Test
Step
Chi-square
df
Sig.
1
42,562
8
,000
Contingency Table for Hosmer and Lemeshow Test
Financial Distress = 0
Financial Distress = 1
Total
Observed
Expected
Observed
Expected
1
20
20,000
0
,000
20
2
20
20,000
0
,000
20
3
20
19,999
0
,001
20
4
20
19,996
0
,004
20
5
19
19,975
1
,025
20
6
20
19,917
0
,083
20
7
19
19,529
1
,471
20
8
20
17,031
0
2,969
20
9
8
9,237
12
10,763
20
10
0
,315
20
19,685
20
Step 1
Uji Tabel Klasifikasi 2x2
Classification Table
Observed
a
Predicted
Financial Distress
Percentage
0
1
Correct
0
165
1
99,4
1
3
31
91,2
Financial Distress
Step 1
Overall Percentage
98,0
a. The cut value is ,500
138
Universitas Sumatera Utara
Koefisien Regresi Logistik
Variables in the Equation
Step 1
a
B
S.E.
Wald
df
Sig.
Exp(B)
LIQUID
,009
,022
,177
1
,674
1,009
LEV
,697
1,521
,210
1
,647
2,007
PROF
-119,055
27,918
18,186
1
,000
,000
AKTV
,119
,131
,829
1
,363
1,126
IND_COM
1,187
6,195
,037
1
,848
3,279
MAN_OWN
-,017
,025
,503
1
,478
,983
INS_OWN
-,013
,021
,407
1
,524
,987
SIZE
1,015
,645
2,475
1
,116
2,760
Constant
-13,740
8,707
2,490
1
,115
,000
a. Variable(s) entered on step 1: LIQUID, LEV, PROF, AKTV, IND_COM, MAN_OWN, INS_OWN,
SIZE.
Correlation Matrix
Constant
LIQUID
LEV
PROF
AKTV
IND_COM
Constant
1,000
-,064
-,190
,347
-,240
-,397
LIQUID
-,064
1,000
,116
-,051
-,023
-,083
LEV
-,190
,116
1,000
-,100
,030
,146
PROF
,347
-,051
-,100
1,000
-,371
-,146
AKTV
-,240
-,023
,030
-,371
1,000
,366
IND_COM
-,397
-,083
,146
-,146
,366
1,000
MAN_OWN
-,059
-,002
,095
,248
-,502
-,037
INS_OWN
-,031
-,053
-,067
,128
,093
,114
SIZE
-,929
,084
,058
-,323
,075
,095
Step 1
Correlation Matrix
Step 1
MAN_OWN
INS_OWN
SIZE
Constant
-,059
-,031
-,929
LIQUID
-,002
-,053
,084
LEV
,095
-,067
,058
PROF
,248
,128
-,323
AKTV
-,502
,093
,075
IND_COM
-,037
,114
,095
MAN_OWN
1,000
,325
,022
139
Universitas Sumatera Utara
INS_OWN
,325
1,000
-,175
SIZE
,022
-,175
1,000
Step number: 1
Observed Groups and Predicted Probabilities
160 +
+
I
I
I
I
F
I
R
+
E
I
Q
I
U
I
E
+
N
I
C
I
Y
I
I
120 +0
I0
I0
I0
80 +0
I0
I0
I0
40 +0
+
I0
I
I0
1I
I00
1I
Predicted ---------+---------+---------+---------+---------+--------+---------+---------+---------+---------Prob:
0
,1
,2
,3
,4
,5
,6
,7
,8
,9
1
Group:
000000000000000000000000000000000000000000000000001111111111111111
1111111111111111111111111111111111
Predicted Probability is of Membership for 1
The Cut Value is ,50
Symbols: 0 - 0
1 - 1
Each Symbol Represents 10 Cases.
140
Universitas Sumatera Utara
UJI SIMULTAN DAN PARSIAL
Uji G2 Hipotesis Pertama
Omnibus Tests of Model Coefficients
Chi-square
Step 1
df
Sig.
Step
129,439
4
,000
Block
129,439
4
,000
Model
129,439
4
,000
Uji G2 Hipotesis Kedua
Omnibus Tests of Model Coefficients
Chi-square
Step 1
df
Sig.
Step
1,333
3
,721
Block
1,333
3
,721
Model
1,333
3
,721
Uji G2 Hipotesis Keempat
Omnibus Tests of Model Coefficients
Step 1
Chi-square
Df
Sig.
Step
133,035
8
,000
Block
133,035
8
,000
Model
133,035
8
,000
Uji Parsial (Uji Wald)
Variables in the Equation
Step 1
a
B
S.E.
Wald
df
Sig.
Exp(B)
LIQUID
,009
,022
,177
1
,674
1,009
LEV
,697
1,521
,210
1
,647
2,007
PROF
-119,055
27,918
18,186
1
,000
,000
AKTV
,119
,131
,829
1
,363
1,126
IND_COM
1,187
6,195
,037
1
,848
3,279
MAN_OWN
-,017
,025
,503
1
,478
,983
INS_OWN
-,013
,021
,407
1
,524
,987
SIZE
1,015
,645
2,475
1
,116
2,760
Constant
-13,740
8,707
2,490
1
,115
,000
141
Universitas Sumatera Utara
Daftar Populasi dan Sampel
No. Kode Perusahaan (Nama Perusahaan)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
INTP ( Indocement Tunggal Prakasa Tbk )
SMBR ( Semen Baturaja Persero Tbk )
SMCB ( Holcim Indonesia Tbk )
SMGR ( Semen Gresik Tbk )
WTON ( Wijaya Karya Beton Tbk )
AMFG (Asahimas Flat Glass Tbk)
ARNA (Arwana Citra Mulia Tbk)
IKAI (Inti Keramik Alam Asri Industri
Tbk)
KIAS (Keramika Indonesia Assosiasi Tbk)
MLIA (Mulia Industrindo Tbk)
TOTO (Surya Toto Indonesia Tbk)
ALKA (Alakasa Industrindo Tbk)
ALMI (Alumindo Light Metal Industry
Tbk)
BTON (Beton Jaya Manunggal Tbk)
CTBN (Citra Turbindo Tbk)
GDST (Gunawan Dianjaya Steel Tbk)
INAI (Indal Aluminium Industry Tbk)
ISSP (Steel Pipe Industry of Indonesia
Tbk)
ITMA (Itamaraya Tbk)
JKSW (Jakarta Kyoei Steel Work LTD
Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
MYRX (Hanson International Tbk)
NIKL (Pelat Timah Nusantara Tbk)
PICO (Pelangi Indah Canindo Tbk)
TBMS (Tembaga Mulia Semanan Tbk)
BRPT (Barito Pasific Tbk)
BUDI (Budi Acid Jaya Tbk)
DPNS (Duta Pertiwi Nusantara)
1
√
√
√
√
X
√
√
Kriteria Sampel
2
3
4
5
√
√
X
√
√
X
X
√
√
√
X
√
√
√
X
√
X
X
X
X
√
√
X
√
√
X
X
√
KETERANGAN
-
-
-
√
√
X
X
√
-
√
√
√
√
√
√
√
√
√
√
√
√
X
√
X
X
√
√
√
√
SAMPEL 1
-
√
√
√
√
√
SAMPEL 2
√
√
√
√
√
√
√
√
X
√
X
√
X
√
X
√
√
√
√
√
-
X
X
X
X
X
-
√
√
√
X
√
-
√
√
X
X
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
X
√
X
X
X
X
√
√
√
√
√
√
√
√
√
√
√
√
SAMPEL 5
SAMPEL 6
SAMPEL 7
SAMPEL 8
SAMPEL 9
X
X
X
√
√
SAMPEL 3
-
SAMPEL 4
-
SAMPEL 10
112
Universitas Sumatera Utara
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
EKAD (Ekadharma International Tbk)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SOBI (Sorini Agro Asia Corporindo Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
AKKU (Alam Karya Unggul Tbk)
AKPI (Argha Karya Prima Industry Tbk)
APLI (Asiaplast Industries Tbk)
BRNA (Berlina Tbk)
FPNI (Titan Kimia Nusantara Tbk)
IGAR (Champion Pasific Indonesia Tbk)
IMPC ( Impack Pratama Industri Tbk )
IPOL (Indopoly Swakarsa Industry Tbk)
SIAP (Sekawan Intipratama Tbk)
SIMA (Siwani Makmur Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
CPIN (Charoen Pokphand Indonesia Tbk)
JPFA (Japfa Comfeed Indonesia Tbk)
MAIN (Malindo Feedmill Tbk)
SIPD (Siearad Produce Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
TIRT (Tirta Mahakam Resources Tbk)
ALDO (Alkindo Naratama Tbk)
DAJK ( Dwi Aneka Jaya Kemasindo Tbk )
FASW (Fajar Surya Wisesa Tbk)
INKP (Indah Kiat Pulp & paper Tbk)
INRU (Toba Pulp Lestari Tbk)
KBRI (Kertas Basuki Rachmat Indonesia
Tbk)
SPMA (Suparma Tbk)
TKIM (Pabrik Kertas Tjiwi Kimia Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GDYR (Goodyear Indonesia Tbk)
GJTL (Gajah Tunggal Tbk)
√
√
√
√
√
√
√
√
√
√
√
√
√
X
√
√
√
√
√
√
√
√
√
√
√
√
X
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
X
√
√
√
√
√
√
√
√
√
√
√
√
X
√
√
√
X
√
√
X
√
√
√
√
X
X
√
√
√
X
√
√
√
√
√
√
X
X
√
√
√
√
X
√
√
√
X
√
√
X
√
√
√
X
X
X
√
X
X
X
X
X
X
√
√
X
X
X
X
√
X
√
X
√
X
X
√
√
√
√
√
√
√
√
√
√
√
√
√
X
√
√
√
√
√
√
√
√
√
√
√
√
X
√
√
√
√
√
√
X
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
X
X
√
√
√
X
√
√
√
√
√
√
√
√
SAMPEL 22
SAMPEL 23
SAMPEL 24
SAMPEL 25
-
SAMPEL 11
SAMPEL 12
-
SAMPEL 13
SAMPEL 14
SAMPEL 15
-
SAMPEL 16
-
SAMPEL 17
SAMPEL 18
-
SAMPEL 19
SAMPEL 20
-
SAMPEL 21
-
113
Universitas Sumatera Utara
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
IMAS (Indomobil Sukses International
Tbk)
INDS (Indospring Tbk)
LPIN (Multi Prima Sejahtera Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ADMG (Polychem Indonesia Tbk)
ARGO (Argo Pantes Tbk)
CNTX (Centex Tbk)
ERTX (Eratex Djaya Tbk)
ESTI (Ever Shine Textile Industry Tbk)
HDTX (Pan Asia Indosyntec Tbk)
INDR (Indo Rama Synthetic Tbk)
KARW (Karwell Indonesia Tbk)
MYTX (Apac Citra Centertex Tbk)
PBRX (Pan Brothers Tbk)
POLY (Asia Pasific Fibers Tbk)
RICY (Ricky Putra Globalindo Tbk)
SRIL (Sri Rejeki Isman Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
TRIS (Trisula International Tbk)
UNIT (Nusantara Inti Corpora Tbk)
UNTX (Unitex Tbk)
BATA (Sepatu Bata Tbk)
BIMA (Primarindo Asia Infrastructure
Tbk)
IKBI (Sumi Indo Kabel Tbk)
JECC (Jembo Cable Company Tbk)
KBLI (KMI Wire and Cable Tbk)
KBLM (Kabelindo Murni Tbk)
SCCO (Supreme Cable Manufacturing and
Commerce Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
KRAH ( Grand Kartech Tbk )
ADES (Akasha Wira International Tbk)
AISA (Tiga Pilar Sejahtera Food Tbk)
ALTO (Tri Banyan Tirta Tbk)
√
√
√
X
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
X
√
X
√
√
X
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
X
√
X
√
√
X
√
√
√
√
√
√
√
√
X
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
X
√
X
√
√
X
SAMPEL 26
SAMPEL 27
SAMPEL 28
SAMPEL 29
SAMPEL 30
SAMPEL 31
√
√
√
√
X
√
X
√
X
X
√
X
√
√
√
√
X
√
X
X
X
X
X
X
X
√
X
X
X
√
X
X
X
X
√
√
X
X
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
X
X
X
√
√
√
√
SAMPEL 34
-
√
√
√
X
√
-
√
√
X
√
√
X
√
√
X
√
√
X
√
√
X
√
√
√
X
X
SAMPEL 35
SAMPEL 36
X
X
X
X
√
√
X
√
√
X
X
√
X
-
-
-
SAMPEL 32
-
SAMPEL 33
-
-
-
-
114
Universitas Sumatera Utara
107 CEKA (Cahaya Kalbar Tbk)
108 DAVO (Davomas Abadi Tbk)
109 DLTA (Delta Djakarta Tbk)
ICBP (Indofood CBP Sukses Makmur
110
Tbk)
111 INDF (Indofood Sukses Makmur Tbk)
112 MLBI (Multi Bintang Indonesia Tbk)
113 MYOR (Mayora Indah Tbk)
114 PSDN (Prashida Aneka Niaga Tbk)
115 ROTI (Nippon Indosari Corporindo Tbk)
116 SKBM (Sekar Bumi Tbk)
117 SKLT (Sekar Laut Tbk)
118 STTP (Siantar Top Tbk)
ULTJ (Ultrajaya Milk Industry and
119
Trading Company Tbk)
120 GGRM (Gudang Garam Tbk)
121 HMSP (Hanjaya Mandala Sampoerna Tbk)
RMBA (Bentoel International Investama
122
Tbk)
123 WIIM (Wismilak Inti Makmur Tbk)
124 DVLA (Darya Varia Laboratoria Tbk)
125 INAF (Indofarma Tbk)
126 KAEF (Kimia Farma Tbk)
127 KLBF (Kalbe Farma Tbk)
128 MERK (Merck Tbk)
129 PYFA (Pyridam Farma Tbk)
130 SCPI (Schering Plough Indonesia Tbk)
SIDO ( Industri Jamu dan Farmasi Sido
131
Muncul Tbk )
SQBI (Taisho Pharmaceutical Indonesia
132
Tbk)
133 TSPC (Tempo Scan Pasific Tbk
134 MBTO (Martina Berto Tbk)
135 MRAT (Mustika Ratu Tbk)
136 TCID (Mandom Indonesia Tbk)
137 UNVR (Unilever Indonesia Tbk)
138 CINT ( Chitose Internasional Tbk )
139 KDSI (Kedawung Setia Industrial Tbk)
140 KICI (Kedaung Indag Can Tbk)
141 LMPI (Langgeng Makmur Industry Tbk)
√
√
√
√
X
√
√
√
X
√
-
√
X
X
X
X
√
√
√
X
√
-
√
√
√
√
√
X
√
√
√
√
√
√
√
X
√
√
√
√
X
√
√
√
√
√
√
√
X
√
√
SAMPEL 37
-
√
X
√
X
X
√
X
X
√
X
√
√
√
X
√
-
√
√
√
√
√
√
X
X
√
√
-
√
√
√
X
√
-
X
√
√
√
√
√
√
√
X
√
√
√
√
√
√
√
X
X
X
X
√
√
√
√
√
√
√
-
X
√
√
√
X
√
X
X
X
√
√
X
√
√
√
X
√
√
-
√
√
X
X
√
-
√
√
√
√
√
X
√
√
√
√
√
√
√
√
X
√
√
√
√
√
X
√
√
√
√
√
√
X
X
√
√
√
√
√
√
√
√
X
√
√
√
SAMPEL 45
SAMPEL 46
X
X
√
√
√
-
-
SAMPEL 38
-
SAMPEL 39
-
-
SAMPEL 42
SAMPEL 43
SAMPEL 44
-
-
SAMPEL 47
-
SAMPEL 48
SAMPEL 49
SAMPEL 50
115
Universitas Sumatera Utara
LAMPIRAN 2
Data Variabel Likuiditas
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Kode dan Nama Perusahaan
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
2011
2012
1,545
1,214
2,186
1,189
3,384
1,436
7,103
2,355
1,514
5,189
1,007
11,201
3,175
1,760
1,596
1,009
1,394
1,482
0,213
1,140
1,321
1,364
1,355
2,789
1,749
2,404
0,482
1,084
1,138
2,716
1,036
1,440
1,827
5,213
1,287
1,250
1,910
1,550
1,697
1,467
1,292
1,789
1,993
6,704
1,125
9,345
4,067
1,208
8,592
0,772
7,711
1,752
1,435
1,670
0,974
1,303
1,344
0,373
1,224
0,584
1,399
1,165
2,128
1,720
2,334
1,393
1,103
1,113
1,944
0,789
1,315
1,721
3,522
1,334
1,371
2,003
1,607
1,415
2013
2014
1,130
1,114
1,059
1,025
1,787
1,801
1,236
1,082
247,444 464,984
0,962
0,749
6,729
3,695
4,197
5,568
1,186
1,116
10,174 12,228
1,051
0,474
13,871 12,863
3,281
2,871
1,314
1,395
1,753
2,201
0,812
1,047
1,143
1,216
1,176
1,383
0,289
0,769
1,300
1,329
1,420
0,977
1,242
1,323
1,890
1,332
1,571
1,416
2,309
2,016
3,856
2,912
1,567
1,748
1,051
1,294
1,031
1,003
2,098
2,112
0,674
0,410
3,338
3,863
1,314
1,199
4,727
4,651
1,135
1,158
1,694
2,613
1,667
1,807
1,680
1,464
1,234
1,184
116
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
1,521
2,018
2,470
3,345
2,245
2,748
2,188
2,540
3,083
4,081
11,743
1,358
7,260
1,477
2,170
2,825
3,071
2,413
3,093
3,710
7,727
1,591
4,800
1,240
1,722
2,427
2,550
1,537
2,962
3,991
3,573
1,445
5,774
1,194
1,620
2,387
3,326
1,627
3,002
3,954
1,798
1,368
7,904
1,240
117
Universitas Sumatera Utara
LAMPIRAN 3
Data Variabel Leverage
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Kode dan Nama Perusahaan
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
2011
2012
2013
2014
0,86
0,71
0,41
0,81
0,23
0,52
0,17
0,42
0,52
0,24
0,39
0,11
0,3
0,5
0,49
0,6
0,38
0,34
0,98
0,5
0,63
0,51
0,32
0,28
0,62
0,45
0,63
0,63
0,71
0,41
0,79
0,55
0,65
0,18
0,68
0,39
0,41
0,51
0,43
0,81
0,69
0,47
0,79
0,13
0,56
0,14
0,24
0,61
0,16
0,54
0,12
0,33
0,57
0,44
0,61
0,38
0,53
1,03
0,49
0,68
0,51
0,38
0,32
0,57
0,32
0,4
0,59
0,51
0,43
0,88
0,59
0,65
0,25
0,64
0,42
0,42
0,4
0,48
0,83
0,76
0,45
0,84
0,04
0,56
0,17
0,22
0,65
0,37
1,14
0,07
0,84
0,55
0,46
0,73
0,48
0,72
1,4
0,54
0,73
0,5
0,24
0,42
0,63
0,2
0,4
0,7
0,49
0,41
0,86
0,58
0,66
0,18
0,69
0,35
0,51
0,39
0,54
0,82
0,8
0,44
0,84
0,04
0,66
0,26
0,17
0,71
0,12
0,77
0,07
0,29
0,55
0,44
0,73
0,47
0,49
1,41
0,55
0,71
0,49
0,3
4,28
0,63
0,2
0,4
0,52
0,47
0,34
1,15
0,44
0,67
0,19
0,67
0,25
0,52
0,39
0,54
118
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
0,36
0,31
0,28
0,22
0,37
0,3
0,34
0,3
0,28
0,26
0,1
0,52
0,26
0,41
0,36
0,31
0,27
0,35
0,28
0,29
0,13
0,45
0,3
0,5
0,42
0,34
0,34
0,46
0,29
0,26
0,19
0,59
0,25
0,52
0,43
0,39
0,3
0,44
0,26
0,27
0,31
0,58
0,19
0,51
119
Universitas Sumatera Utara
LAMPIRAN 4
Data Variabel Profitabilitas
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Kode dan Nama Perusahaan
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
2011
2012
2013
2014
-0,006
0,031
0,294
0,048
0,086
0,012
0,144
0,111
-0,021
-0,039
0,118
-0,137
0,066
0,055
0,115
0,068
0,068
0,074
-0,186
0,046
0,027
0,137
0,158
0,043
0,059
0,106
0,030
0,040
0,003
0,193
-0,082
0,048
-0,029
0,029
0,070
-0,010
0,091
0,057
0,028
-0,005
0,007
0,128
0,037
0,024
-0,008
0,197
0,321
-0,059
0,112
0,039
0,034
0,042
-0,052
0,007
0,071
0,028
0,048
-0,106
0,066
0,001
0,125
0,128
0,098
0,088
0,081
0,001
0,041
0,027
0,186
-0,066
0,045
-0,017
0,050
0,087
0,011
0,081
0,038
0,032
-0,066
0,010
0,140
0,051
0,040
-0,006
0,130
0,102
0,002
0,748
0,011
0,076
0,127
0,006
0,038
-0,011
0,010
0,010
-0,346
0,075
-0,044
0,104
0,084
0,023
0,008
0,067
0,006
0,042
0,017
0,199
0,035
0,045
-0,017
0,023
0,020
0,018
0,044
0,031
0,038
0,017
0,001
0,098
0,052
-0,019
-0,060
0,082
0,053
-0,059
0,054
-0,107
0,075
0,031
0,010
0,011
0,043
0,001
-0,029
0,006
0,059
0,016
0,094
0,067
0,052
0,017
0,056
0,001
0,042
0,009
0,241
-0,208
0,028
-0,017
0,024
-0,055
-0,041
0,060
-0,045
0,050
120
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
0,047
0,146
0,116
0,097
0,127
0,096
0,059
0,044
0,138
0,079
0,124
0,040
0,004
0,008
0,098
0,097
0,108
0,039
0,137
0,075
0,119
0,065
0,024
0,003
0,086
0,087
0,055
0,035
0,118
0,026
0,109
0,042
0,076
-0,015
0,093
0,080
0,052
0,015
0,104
0,005
0,094
0,047
0,049
0,002
121
Universitas Sumatera Utara
LAMPIRAN 5
Data Variabel Rasio Aktivitas
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Kode dan Nama Perusahaan
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
2011
2012
2013
2014
4,733
6,534
1,496
2,229
5,552
2,494
1,666
7,174
3,762
3,817
26,470
1,501
2,102
8,421
5,723
6,165
5,409
7,067
2,346
8,358
6,001
11,434
7,364
5,341
7,399
2,584
4,167
5,568
2,785
4,300
5,900
4,768
1,252
11,744
6,032
14,884
5,377
7,064
5,615
4,681
5,391
1,375
2,110
5,330
3,025
1,948
5,901
3,805
3,195
24,411
1,031
2,008
8,126
5,276
6,284
4,544
5,758
2,007
7,533
5,375
11,135
6,559
4,228
6,461
2,474
3,000
4,765
2,298
4,245
4,504
5,039
1,418
11,074
6,621
16,997
5,097
5,888
5,754
5,989
3,363
2,860
2,143
3,675
3,395
1,693
6,360
3,956
2,578
12,653
7,104
1,642
8,478
4,335
5,782
3,825
4,108
1,233
6,850
6,602
10,672
6,887
4,510
0,998
3,020
3,040
4,790
1,893
4,437
4,303
5,581
1,499
8,360
6,552
16,759
5,271
4,974
6,745
5,764
2,715
23,453
2,707
7,547
3,656
1,625
6,741
3,590
2,263
13,720
6,122
2,006
9,181
3,834
5,493
4,289
4,537
3,199
6,011
6,600
10,369
6,581
3,648
5,225
3,593
2,762
3,994
2,058
4,433
4,591
5,134
1,487
8,743
4,724
9,245
5,603
4,645
7,330
122
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
4,067
5,431
5,630
4,770
1,318
5,798
3,293
0,408
5,418
5,133
4,467
6,083
1,974
3,116
1,458
5,188
3,718
0,376
5,557
6,445
4,337
6,941
1,994
2,725
1,567
5,218
3,185
0,204
4,685
5,943
4,232
8,020
1,670
2,540
1,595
4,721
2,895
2,377
4,446
5,173
3,765
8,220
1,691
2,030
123
Universitas Sumatera Utara
LAMPIRAN 6
Data Variabel Komisaris Independen
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Kode dan Nama Perusahaan
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
2011
2012
2013
2014
0.333
0.400
0.400
0.400
0.500
0.400
0.333
0.333
0.333
0.333
0.250
0.333
0.333
0.286
0.333
0.500
0.333
0.333
0.400
0.333
0.333
0.455
0.400
0.428
0.333
0.333
0.400
0.333
0.333
0.333
0.400
0.333
0.333
0.400
0.400
0.333
0.333
0.333
0.333
0.333
0.400
0.400
0.400
0.500
0.400
0.333
0.333
0.333
0.333
0.250
0.333
0.333
0.286
0.333
0.500
0.333
0.333
0.400
0.333
0.333
0.417
0.400
0.428
0.333
0.333
0.400
0.250
0.333
0.333
0.400
0.333
0.333
0.400
0.400
0.333
0.375
0.333
0.333
0.400
0.500
0.333
0.400
0.500
0.333
0.333
0.333
0.333
0.333
0.250
0.333
0.375
0.286
0.333
0.333
0.333
0.333
0.333
0.333
0.333
0.300
0.364
0.308
0.286
0.333
0.400
0.333
0.333
0.333
0.400
0.333
0.333
0.400
0.250
0.333
0.375
0.333
0.333
0.400
0.500
0.333
0.400
0.500
0.333
0.333
0.333
0.333
0.333
0.250
0.333
0.375
0.286
0.333
0.428
0.250
0.333
0.333
0.333
0.200
0.364
0.400
0.308
0.333
0.333
0.400
0.333
0.333
0.333
0.400
0.333
0.333
0.333
0.400
0.333
0.375
0.333
0.333
124
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
0.333
0.333
0.333
0.333
0.500
0.400
0.333
0.333
0.667
0.333
0.400
0.500
0.333
0.500
0.500
0.400
0.333
0.333
0.500
0.333
0.400
0.500
0.333
0.500
0.500
0.400
0.333
0.333
0.600
0.333
0.400
0.400
0.333
0.500
0.500
0.400
0.333
0.333
0.750
0.333
0.400
0.500
0.333
0.500
125
Universitas Sumatera Utara
LAMPIRAN 7
Data Variabel Kepemilikan Manajerial
No.
Kode dan Nama Perusahaan
2011
2012
2013
2014
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
0.05825
1.60390
0.03333
0.18939
15.53467
0.02227
0.24896
25.61979
0.03266
6.86622
0.08262
16.66826
0.00051
0.01058
0.03886
10.52667
1.57482
0.35172
1.21357
14.32168
75.74240
0.03604
0.07651
27.76322
0.08358
0.40889
0.69527
12.40000
5.90917
6.04332
2.47066
0.41777
7.50119
0.09510
4.36870
70.00262
0.05220
1.64826
0.12508
0.05825
1.60390
0.03333
0.18939
15.53467
0.01452
0.24896
25.61979
0.03266
5.71088
0.08262
8.37945
12.07435
0.03232
0.03886
10.10058
1.90733
0.35172
1.21357
14.32168
75.74240
0.03616
0.07047
27.76322
0.08358
0.40889
3.45819
12.40000
5.90917
6.04332
2.47364
0.41753
5.72052
0.09510
4.38578
70.00262
0.01572
1.65181
0.12508
0.06036
1.60390
0.03988
0.18939
15.53467
0.01458
0.24896
25.58854
0.03266
5.71088
0.08262
8.37945
9.42027
0.05149
0.03899
9.41652
1.49523
0.35172
0.96420
14.32168
75.74240
0.03604
0.06438
27.76322
0.09650
0.43527
3.05074
12.40000
4.95631
8.34177
2.47364
0.19758
8.05704
0.09510
9.48130
70.00262
0.01572
1.65181
0.12508
0.05894
1.60390
0.03875
0.18939
15.53467
0.01452
0.24896
25.18229
0.03266
5.71088
0.08262
13.87781
11.59433
0.05719
0.03886
7.21362
1.18720
0.35172
0.96420
14.32168
74.73641
0.02869
0.02110
27.76322
0.10638
0.43527
15.69420
6.00538
4.95631
8.34177
2.41561
0.19758
8.05704
0.09510
9.48130
70.00262
0.01572
1.65181
0.12508
126
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
17.97046 17.97046 17.79735 17.89156
0.85368 0.92003
0.00491 0.00225
0.02266 0.00933
23.07692 23.07692
0.08777 0.10218
0.09621 0.09621
0.14186 0.14186
0.03432 0.02593
0.22687 0.22687
0.00556 0.00556
0.92003
0.00225
0.00933
2.33236
0.09740
0.09388
0.14169
4.83753
0.22687
0.00056
0.92003
0.00225
0.00933
2.33236
0.08111
0.09388
0.13578
4.81160
0.22687
0.00556
127
Universitas Sumatera Utara
LAMPIRAN 8
Data Variabel Kepemilikan Institusional
No.
Kode dan Nama Perusahaan
2011
2012
2013
2014
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
67.2476
83.8427
80.9268
76.0262
68.4210
80.0000
57.6976
32.2156
79.9604
68.0892
55.6306
29.7375
85.3138
94.8729
74.8045
72.1000
59.4545
89.4686
66.5179
58.4056
75.7424
50.1148
95.6537
65.8122
59.8084
88.1082
67.3717
37.1125
45.2381
58.1256
54.6530
54.1066
89.4625
93.0583
48.6545
22.0683
50.0671
72.0918
96.0912
67.2476
83.8427
80.9268
76.0262
68.4210
80.0000
57.6976
32.2156
80.1016
66.4811
55.6306
38.0263
77.9804
94.9352
64.9407
57.2257
60.3465
89.4686
69.1452
58.4056
75.7424
50.1148
95.6537
65.8122
59.8084
88.1082
47.7297
37.1125
45.2381
58.1256
54.6777
53.0040
91.2432
93.0583
48.6544
22.0683
50.0671
72.0918
96.0912
69.6798
75.9779
82.4425
77.9346
68.4210
80.0000
57.6976
32.2156
80.1016
66.4163
55.6306
38.0263
77.9804
95.3385
79.0121
56.3521
59.7165
89.4686
73.6600
58.4056
75.7424
50.1148
80.0000
65.8122
59.8127
88.1082
52.8175
37.1125
37.9434
58.1256
54.6777
46.1925
69.5359
93.0583
53.4672
20.0000
50.0671
72.0918
96.0912
68.0381
82.1261
82.4425
77.9343
68.4210
80.0000
57.6976
32.2156
80.1016
59.6400
55.6306
38.0263
77.9804
95.7387
79.0121
55.8905
59.7165
89.4686
59.6930
58.4056
74.7364
50.1148
80.0000
65.8122
59.6147
88.1083
43.5764
62.9083
37.9434
58.1256
54.6777
46.1925
69.5359
93.0583
53.4672
20.0000
50.0671
72.0918
96.0912
128
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
46.6122
46.6122
46.5900
46.5900
75.5469
90.0252
56.6380
53.8461
95.0620
67.7503
73.7739
49.1333
75.0197
83.2746
75.5469
90.0252
56.6380
53.8461
77.2856
67.7503
73.7739
75.6762
82.5481
83.2746
75.5469
90.0252
56.7074
53.8461
77.3366
67.7503
73.7739
75.6762
83.0605
8.3272
75.5469
90.0252
56.7135
53.8461
77.5248
67.7503
73.7739
75.6762
83.0605
83.2746
129
Universitas Sumatera Utara
LAMPIRAN 9
Data Variabel Ukuran Perusahaan
No.
Kode dan Nama Perusahaan
2011
2012
2013
2014
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
12.7867
12.2702
12.3325
11.7358
11.6413
13.3232
11.5633
10.9913
11.9644
11.2363
11.7929
11.0976
11.5577
13.1488
12.3915
11.8089
12.3178
11.3493
12.2292
11.2165
12.6934
14.1862
12.8429
12.2639
13.1096
12.0568
12.6742
11.6500
11.7641
12.1231
12.2330
12.1804
11.9261
11.7916
12.1967
11.8744
13.7291
11.6247
11.3309
12.8168
12.2745
12.4012
11.7869
11.6005
13.3810
11.6370
11.1091
12.0292
11.2663
11.9827
11.1215
11.6043
13.1995
12.3673
11.8867
12.3401
11.5434
12.1550
11.2669
12.7465
14.2607
12.9485
12.3340
13.0648
12.2214
12.7679
11.7207
11.7614
12.1587
12.2576
12.3017
11.9086
11.8737
12.2300
11.9373
13.7732
11.8342
11.3975
12.8567
12.4397
12.4574
11.8842
11.5758
14.4847
11.6977
11.1514
12.1837
11.4089
12.1112
11.1340
11.1003
13.2998
12.4496
12.0512
12.5133
11.7881
11.9737
11.4793
12.7553
14.3304
13.1010
12.3978
13.1861
12.3417
12.8181
11.9022
11.9007
12.2337
12.2665
12.3883
11.9041
11.8771
12.2913
11.9150
13.8899
11.8337
11.4800
12.8582
12.5068
12.4892
11.9529
11.5693
14.5838
11.7782
11.1459
12.1790
11.4296
12.1242
11.1702
11.6659
13.3585
12.4474
12.1252
12.5134
11.5058
11.9545
11.5524
12.7467
14.3730
13.1578
12.5634
13.2053
12.3584
12.8704
12.0817
12.1095
12.2429
12.2383
12.6385
11.8886
11.9524
12.1914
11.8900
13.9342
11.7930
11.5206
130
Universitas Sumatera Utara
40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
12.3386
12.3840
12.4490
12.4649
13.5921
12.2539
12.9177
11.0720
12.6284
11.7337
12.0534
11.7691
10.9416
11.8363
13.6181
12.3173
12.9740
11.1331
12.6659
11.7850
12.1009
11.7563
10.9775
11.9112
13.7056
12.3930
13.0537
11.2433
12.7330
11.7866
12.1661
11.9295
10.9925
11.9150
13.7651
12.4725
13.0943
11.2374
12.7476
11.7920
12.2679
11.9787
10.9856
11.9079
131
Universitas Sumatera Utara
LAMPIRAN 10
Data Variabel Financial Distress
No.
Kode dan Nama Perusahaan
2011
2012
2013
2014
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
MLIA (Mulia Industrindo Tbk)
ALMI (Alumindo Light Metal Industry Tbk)
CTBN (Citra Turbindo Tbk)
INAI (Indal Aluminium Industry Tbk)
JPRS (Jaya Pari Steel Tbk)
KRAS (Krakatau Steel Tbk)
LION (Lion Metal Works Tbk)
LMSH (Lionmesh Prima Tbk)
NIKL (Pelat Timah Nusantara Tbk)
DPNS (Duta Pertiwi Nusantara)
ETWA (Eterindo Wahanatama Tbk)
INCI (Intan Wijaya International Tbk)
SRSN (Indo Acidatama Tbk)
TPIA (Chandra Asri Petrochemical)
UNIC (Unggul Indah Cahaya Tbk)
BRNA (Berlina Tbk)
TRST (Trias Sentosa Tbk)
YPAS (Yana Prima Hasta Persada Tbk)
SULI (Sumalindo Lestari Jaya Tbk)
ALDO (Alkindo Naratama Tbk)
FASW (Fajar Surya Wisesa Tbk)
ASII (Astra International Tbk)
AUTO (Astra Auto Part Tbk)
BRAM (Indo Kordsa Tbk)
GJTL (Gajah Tunggal Tbk)
INDS (Indospring Tbk)
MASA (Multistrada Arah Sarana Tbk)
NIPS (Nipress Tbk)
PRAS (Prima Alloy Steel Universal Tbk)
SMSM (Selamat Sempurna Tbk)
ARGO (Argo Pantes Tbk)
PBRX (Pan Brothers Tbk)
SSTM (Sunson Textile Manufacturer Tbk)
IKBI (Sumi Indo Kabel Tbk)
VOKS (Voksel Electric Tbk)
PTSN (Sat Nusa Persada Tbk)
INDF (Indofood Sukses Makmur Tbk)
PSDN (Prashida Aneka Niaga Tbk)
SKLT (Sekar Laut Tbk)
1
0
0
0
0
0
0
0
1
1
0
1
0
1
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
1
0
1
0
0
1
0
0
0
1
0
0
0
0
1
0
0
1
0
0
0
0
1
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
1
0
1
0
0
0
0
0
0
1
0
0
0
0
1
0
0
0
0
0
0
0
0
0
1
0
0
1
0
1
0
0
0
0
0
1
0
0
0
1
0
1
0
0
0
0
0
0
0
0
0
0
1
1
0
0
1
0
1
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
1
1
0
1
0
132
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40
41
42
43
44
45
46
47
48
49
50
ULTJ (Ultrajaya Milk Industry and Trading
Company Tbk)
GGRM (Gudang Garam Tbk)
KAEF (Kimia Farma Tbk)
KLBF (Kalbe Farma Tbk)
PYFA (Pyridam Farma Tbk)
TSPC (Tempo Scan Pasific Tbk
MBTO (Martina Berto Tbk)
TCID (Mandom Indonesia Tbk)
KDSI (Kedawung Setia Industrial Tbk)
KICI (Kedaung Indag Can Tbk)
LMPI (Langgeng Makmur Industry Tbk)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
133
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LAMPIRAN 11
Hasil Pengelolahan SPSS
STATISTIK DESKRIPTIF
Statistik Deskriptif Variabel Likuiditas, Leverage, Profitabilitas, Rasio
Aktivitas, Komisaris Independen, Kepemilikan Manajerial, Kepemilikan
Institusional, dan Ukuran Perusahaan
Descriptive Statistics
N
Minimum
Maximum
Mean
Std. Deviation
Likuiditas
200
,213
464,984
5,98853
37,006682
Leverage
200
,040
4,280
,49160
,354504
Profitabilitas
200
-,346
,748
,04782
,088533
Rasio Aktivitas
200
,204
26,470
5,18612
3,707024
Komisaris Independen
200
,200
,750
,36685
,071031
Kepemilikan Manajerial
200
,0005
75,7424
7,051139
15,1055807
Kepemilikan Institusional
200
8,3272
96,0912
66,395858
17,9883630
Ukuran Perusahaan
200
10,942
14,584
12,21818
,746338
Valid N (listwise)
200
Statistik Deskriptif Variabel Financial Distress
Statistics
Financial Distress
Valid
200
N
Missing
0
Statistik Frekuensi Variabel Financial Distress
Financial Distress
Frequency
Percent
Valid Percent
Cumulative
Percent
Valid
0
166
83,0
83,0
83,0
1
34
17,0
17,0
100,0
200
100,0
100,0
Total
134
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HASIL UJI REGRESI LOGISTIK
Case Processing Summary
a
Unweighted Cases
N
Included in Analysis
Selected Cases
Percent
200
100,0
0
,0
200
100,0
0
,0
200
100,0
Missing Cases
Total
Unselected Cases
Total
a. If weight is in effect, see classification table for the total number of
cases.
Dependent Variable Encoding
Original Value
Internal Value
0
0
1
1
Uji Kelayakan Keseluruhan Model
Block 0: Beginning Block
a,b,c
Iteration History
Iteration
-2 Log likelihood
Coefficients
Constant
1
184,463
-1,320
2
182,366
-1,565
3
182,354
-1,585
4
182,354
-1,586
Step 0
a. Constant is included in the model.
b. Initial -2 Log Likelihood: 182,354
c. Estimation terminated at iteration number 4
because parameter estimates changed by less than
,001.
135
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Classification Table
a,b
Observed
Predicted
Financial Distress
Percentage
0
1
Correct
0
166
0
100,0
1
34
0
,0
Financial Distress
Step 0
Overall Percentage
83,0
a. Constant is included in the model.
b. The cut value is ,500
Variables in the Equation
Step 0
Constant
B
S.E.
Wald
Df
Sig.
Exp(B)
-1,586
,188
70,951
1
,000
,205
Variables not in the Equation
Score
df
Sig.
LIQUID
2,560
1
,110
LEV
7,828
1
,005
PROF
55,049
1
,000
AKTV
,343
1
,558
IND_COM
,740
1
,390
MAN_OWN
,854
1
,355
INS_OWN
,119
1
,730
SIZE
,986
1
,321
60,040
8
,000
Variables
Step 0
Overall Statistics
136
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Block 1: Method = Enter
a,b,c,d
Iteration History
Iteration
-2 Log likelihood
Coefficients
Constant
LIQUID
LEV
PROF
AKTV
1
136,129
-2,686
,005
,238
-8,457
-,023
2
90,766
-5,493
,005
-,027
-23,714
-,013
3
67,053
-7,439
,006
-,062
-43,023
,002
4
55,495
-8,561
,006
,073
-65,913
,030
5
50,675
-10,307
,008
,364
-90,635
,070
6
49,430
-12,486
,009
,594
-110,301
,104
7
49,321
-13,594
,009
,686
-118,178
,118
8
49,320
-13,738
,009
,697
-119,046
,119
9
49,320
-13,740
,009
,697
-119,055
,119
10
49,320
-13,740
,009
,697
-119,055
,119
Step 1
a,b,c,d
Iteration History
Iteration
Coefficients
IND_COM
MAN_OWN
INS_OWN
SIZE
1
-1,051
,003
-,002
,181
2
-,754
,003
-,001
,411
3
,036
,000
-,003
,557
4
,109
-,006
-,007
,655
5
,334
-,012
-,010
,783
6
,860
-,016
-,012
,931
7
1,150
-,017
-,013
1,006
8
1,187
-,017
-,013
1,015
9
1,187
-,017
-,013
1,015
10
1,187
-,017
-,013
1,015
Step 1
Uji Koefisien Determinasi
Model Summary
Step
1
-2 Log likelihood
49,320
a
Cox & Snell R
Nagelkerke R
Square
Square
,486
,812
137
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a. Estimation terminated at iteration number 10 because
parameter estimates changed by less than ,001.
Uji Kelayakan Model
Hosmer and Lemeshow Test
Step
Chi-square
df
Sig.
1
42,562
8
,000
Contingency Table for Hosmer and Lemeshow Test
Financial Distress = 0
Financial Distress = 1
Total
Observed
Expected
Observed
Expected
1
20
20,000
0
,000
20
2
20
20,000
0
,000
20
3
20
19,999
0
,001
20
4
20
19,996
0
,004
20
5
19
19,975
1
,025
20
6
20
19,917
0
,083
20
7
19
19,529
1
,471
20
8
20
17,031
0
2,969
20
9
8
9,237
12
10,763
20
10
0
,315
20
19,685
20
Step 1
Uji Tabel Klasifikasi 2x2
Classification Table
Observed
a
Predicted
Financial Distress
Percentage
0
1
Correct
0
165
1
99,4
1
3
31
91,2
Financial Distress
Step 1
Overall Percentage
98,0
a. The cut value is ,500
138
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Koefisien Regresi Logistik
Variables in the Equation
Step 1
a
B
S.E.
Wald
df
Sig.
Exp(B)
LIQUID
,009
,022
,177
1
,674
1,009
LEV
,697
1,521
,210
1
,647
2,007
PROF
-119,055
27,918
18,186
1
,000
,000
AKTV
,119
,131
,829
1
,363
1,126
IND_COM
1,187
6,195
,037
1
,848
3,279
MAN_OWN
-,017
,025
,503
1
,478
,983
INS_OWN
-,013
,021
,407
1
,524
,987
SIZE
1,015
,645
2,475
1
,116
2,760
Constant
-13,740
8,707
2,490
1
,115
,000
a. Variable(s) entered on step 1: LIQUID, LEV, PROF, AKTV, IND_COM, MAN_OWN, INS_OWN,
SIZE.
Correlation Matrix
Constant
LIQUID
LEV
PROF
AKTV
IND_COM
Constant
1,000
-,064
-,190
,347
-,240
-,397
LIQUID
-,064
1,000
,116
-,051
-,023
-,083
LEV
-,190
,116
1,000
-,100
,030
,146
PROF
,347
-,051
-,100
1,000
-,371
-,146
AKTV
-,240
-,023
,030
-,371
1,000
,366
IND_COM
-,397
-,083
,146
-,146
,366
1,000
MAN_OWN
-,059
-,002
,095
,248
-,502
-,037
INS_OWN
-,031
-,053
-,067
,128
,093
,114
SIZE
-,929
,084
,058
-,323
,075
,095
Step 1
Correlation Matrix
Step 1
MAN_OWN
INS_OWN
SIZE
Constant
-,059
-,031
-,929
LIQUID
-,002
-,053
,084
LEV
,095
-,067
,058
PROF
,248
,128
-,323
AKTV
-,502
,093
,075
IND_COM
-,037
,114
,095
MAN_OWN
1,000
,325
,022
139
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INS_OWN
,325
1,000
-,175
SIZE
,022
-,175
1,000
Step number: 1
Observed Groups and Predicted Probabilities
160 +
+
I
I
I
I
F
I
R
+
E
I
Q
I
U
I
E
+
N
I
C
I
Y
I
I
120 +0
I0
I0
I0
80 +0
I0
I0
I0
40 +0
+
I0
I
I0
1I
I00
1I
Predicted ---------+---------+---------+---------+---------+--------+---------+---------+---------+---------Prob:
0
,1
,2
,3
,4
,5
,6
,7
,8
,9
1
Group:
000000000000000000000000000000000000000000000000001111111111111111
1111111111111111111111111111111111
Predicted Probability is of Membership for 1
The Cut Value is ,50
Symbols: 0 - 0
1 - 1
Each Symbol Represents 10 Cases.
140
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UJI SIMULTAN DAN PARSIAL
Uji G2 Hipotesis Pertama
Omnibus Tests of Model Coefficients
Chi-square
Step 1
df
Sig.
Step
129,439
4
,000
Block
129,439
4
,000
Model
129,439
4
,000
Uji G2 Hipotesis Kedua
Omnibus Tests of Model Coefficients
Chi-square
Step 1
df
Sig.
Step
1,333
3
,721
Block
1,333
3
,721
Model
1,333
3
,721
Uji G2 Hipotesis Keempat
Omnibus Tests of Model Coefficients
Step 1
Chi-square
Df
Sig.
Step
133,035
8
,000
Block
133,035
8
,000
Model
133,035
8
,000
Uji Parsial (Uji Wald)
Variables in the Equation
Step 1
a
B
S.E.
Wald
df
Sig.
Exp(B)
LIQUID
,009
,022
,177
1
,674
1,009
LEV
,697
1,521
,210
1
,647
2,007
PROF
-119,055
27,918
18,186
1
,000
,000
AKTV
,119
,131
,829
1
,363
1,126
IND_COM
1,187
6,195
,037
1
,848
3,279
MAN_OWN
-,017
,025
,503
1
,478
,983
INS_OWN
-,013
,021
,407
1
,524
,987
SIZE
1,015
,645
2,475
1
,116
2,760
Constant
-13,740
8,707
2,490
1
,115
,000
141
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