PENUTUP PENGARUH SET KESEMPATAN INVESTASI TERHADAP MANAJEMEN LABA YANG DIMODERASI OLEH PEMEGANG SAHAM PENGENDALI (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI).

BAB V
PENUTUP
5.1 Simpulan
Penelitian ini bertujuan untuk membuktikan efek moderasi pemegang saham
pengendali terhadap pengaruh set kesempatan investasi pada manajemen laba.
Hal ini didasari argumen negative entrenchment effect yang menyatakan bahwa
pemegang saham pengendali tertarik melakukan tindakan ekspropriasi untuk
memperoleh manfaat privat pada perusahaan bertumbuh sehingga meningkatkan
manajemen laba yang dilakukan oleh manajer sebagai kamuflase tindakan
ekspropirasi. Namun, hasil penelitian tidak memberikan dukungan empiris atas
dugaan tindakan ekpropriasi yang dilakukan pemegang saham pengendali
terhadap pemegang saham nonpengendali. Alasan utama hipotesis penelitian
tidak didukung secara empiris karena masalah keagenan antara pemegang saham
pengendali dan nonpengendali yang rendah di perusahaan bertumbuh, sehingga
pemegang saham pengendali tidak tertarik melakukan tindakan ekspropriasi.
Dugaan ini dibuktikan dengan nilai cash flow right leverage yang relatif kecil.

5.2 Keterbatasan Penelitian
Keterbatasan penelitian ini terletak pada pengambilan sampel yang hanya
mempertimbangkan industri manufaktur, sedangkan rantai kepemilikan terjadi
lintas industri. Oleh karena itu cash flow right leverage mempunyai nilai yang

relatif kecil. Hal ini menggambarkan penelitian ini tidak cukup kuat untuk
membuktikan konflik keagenan pemegang saham pengendali dan nonpengendali.
60

61

5.3 Saran
Penelitian di pasar modal Indonesia yang secara khusus membahas mengenai
konflik keagenan antara pemegang saham pengendali dan nonpengendali masih
relatif sedikit. Penelitian ini merupakan salah satu penelitian tentang konflik
keagenan antara pemegang saham pengendali dan nonpengendali yang diharapkan
dapat memberikan ide untuk penelitian di masa yang akan datang. Berkaitan
dengan hasil yang didokumentasikan dalam penelitian ini, terdapat beberapa
peluang penelitian lanjutan, antara lain :
1.

Penelitian yang akan datang dapat memperluas sampel penelitian dengan
menggunakan data dari perusahaan secara lintas industri untuk menangkap
konflik keagenan yang tinggi antara pemegang saham pengendali dan
nonpengendali dan menguji konsistensi hasil temuan dalam penelitan ini.

2.

Penelitian yang akan datang dapat menggunakan manfaat privat secara
langsung berdasarkan aktivitas ekspropriasi yang terjadi apabila sudah ada
dokumentasi tentang transaksi dan kejadian terkait dengan ekspropriasi. Hal
ini dilakukan agar pengujian tentang fenomena konflik keagenan antara
pemegang saham pengendali dan nonpengendali diharapkan akan lebih kuat.

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Myers, S.C. 1977. Determinants of corporate borrowing. Journal of Financial
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LAMPIRAN

Lampiran 1
Hasil Analisis Faktor Set Kesempatan Investasi

Communalities
Initial

Extraction

MBVA

1.000

.583

MBVE

1.000

.509

PER

1.000

.116

CEBVA

1.000

.937

CEMVA

1.000

.932

Extraction Method: Principal
Component Analysis.

Total Variance Explained
Initial Eigenvalues
Component

Total

% of Variance

Extraction Sums of Squared Loadings

Cumulative %

Total

% of Variance

Cumulative %

1

1.875

37.504

37.504

1.875

37.504

37.504

2

1.203

24.054

61.558

1.203

24.054

61.558

3

.986

19.726

81.284

4

.810

16.205

97.489

5

.126

2.511

100.000

Extraction Method: Principal Component Analysis.

Component Matrix

a

Component
1

2

MBVA

-.001

.764

MBVE

.002

.714

-.084

.331

CEBVA

.967

.031

CEMVA

.965

-.002

PER

Extraction Method: Principal
Component Analysis.
a. 2 components extracted.

Lampiran 2
Hasil Pengujian Heteroskedastisitas Model Penelitian
White Heteroskedasticity Test:
F-statistic

1,482,883

Probability

0.047565

Obs*R-squared

4,372,462

Probability

0.050504

Test Equation:
Dependent Variable: RESID^2
Method: Least Squares
Date: 11/14/13 Time: 19:41
Sample: 1 774
Included observations: 774
Variable

Coefficient

Std. Error

t-Statistic

Prob.

C
D2
D2*CFRL
D2*IOS
D2*IOSCFRL
D2*LEV
D2*LND
D2*SZ
CFRL
CFRL^2
CFRL*IOS
CFRL*IOSCFRL
CFRL*LEV
CFRL*LND
CFRL*SZ

1.38E+15
-8.26E+14
-1.92E+11
2.74E+13
6.55E+10
95533.97
-1054857.
187889.5
-1.98E+10
76864607
1.63E+11
-20289901
-1,913,633
-2,756,076
2,188,294

3.28E+14
4.66E+14
1.81E+11
2.19E+14
3.07E+11
297406.7
674439.9
148270.2
3.25E+11
52683169
4.37E+11
89335307
1,675,526
5,635,703
1,193,778

4,197,643
-1,774,239
-1,062,382
0.124821
0.213359
0.321223
-1,564,048
1,267,210
-0.060868
1,458,997
0.372910
-0.227121
-1,142,109
-0.489039
0.183308

0.0000
0.0764
0.2884
0.9007
0.8311
0.7481
0.1182
0.2055
0.9515
0.1450
0.7093
0.8204
0.2538
0.6250
0.8546

IOS
IOS*LEV
IOS*LND
IOS*SZ
IOSCFRL*LEV
IOSCFRL*LND
IOSCFRL*SZ
LEV
LEV^2
LEV*LND
LEV*SZ
LND
LND^2
LND*SZ
SZ
SZ^2

-1.58E+14
375149.3
-636054.4
-8,843,538
-2,434,263
2,776,248
-4,599,367
-761654.7
1.96E-05
0.000214
0.000221
-49334.26
0.001016
7.65E-05
373527.3
-0.000184

2.90E+14
256817.5
669217.2
95706.94
2,772,125
7,592,017
1,413,473
459931.0
0.000158
0.000915
0.000153
1182626.
0.001133
0.000389
317770.9
9.99E-05

R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
Durbin-Watson stat

0.056492
0.018396
9.50E+14
6.71E+32
-27776.12
2,039,467

Mean dependent var
S.D. dependent var
Akaike info criterion
Schwarz criterion
F-statistic
Prob(F-statistic)

-0.544092
1,460,762
-0.950445
-0.092402
-0.878122
0.365680
-0.325395
-1,656,019
0.123684
0.234120
1,450,288
-0.041716
0.896826
0.196765
1,175,461
-1,839,671

0.5865
0.1445
0.3422
0.9264
0.3802
0.7147
0.7450
0.0981
0.9016
0.8150
0.1474
0.9667
0.3701
0.8441
0.2402
0.0662
9.32E+14
9.59E+14
7,185,303
7,203,933
1,482,883
0.047565

Lampiran 3
Hasil Pengujian Autokorelasi Model Penelitian
Breusch-Godfrey Serial Correlation LM Test:
F-statistic

0.764370

Probability

0.465983

Obs*R-squared

1,545,657

Probability

0.461705

Test Equation:
Dependent Variable: RESID
Method: Least Squares
Date: 11/14/13 Time: 19:40

Variable

Coefficien
t

Std. Error

t-Statistic

Prob.

C
D2
CFRL
IOS
IOSCFRL
LEV
LND
SZ
RESID(-1)
RESID(-2)

40304.22 4203904.
196539.2 3182442.
-1,353,406 1,964,150
-89220.84 2459552.
8,243,252 2,919,192
-1.37E-05 0.003344
0.000706 0.008461
-1.77E-05 0.001382
0.004850 0.036216
-0.044842 0.036448

0.009587
0.061757
-0.068905
-0.036275
0.028238
-0.004106
0.083465
-0.012821
0.133918
-1,230,298

0.9924
0.9508
0.9451
0.9711
0.9775
0.9967
0.9335
0.9898
0.8935
0.2190

R-squared

0.001997

Mean dependent var

Adjusted R-squared

-0.009760

S.D. dependent var

S.E. of regression

30697299

Akaike info criterion

Sum squared resid
Log likelihood
Durbin-Watson stat

7.20E+17
-14436.74
1,998,615

Schwarz criterion
F-statistic
Prob(F-statistic)

4.47E-09
3054859
0
3,733,00
8
3,739,01
8
0.169860
0.996885

Lampiran 4
Daftar Perusahaan Sampel
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

Kode
Saham
ACAP
ADES
ADMG
AISA
AKKU
AKPI
ALKA
ALMI
AMFG
APLI
AQUA
ARGO
ARNA
ASII
AUTO
BATA
BATI
BIMA
BRAM
BRNA
BRPT
BTON
BUDI
CEKA
CNTX
CPIN
CTBN
DAVO
DLTA
DNKS
DPNS
DSUC
DYNA
DVLA
EKAD
ERTX

Nama Perusahaan
Andhi Chandra Automotive Products Tbk
Akasha Wira International Tbk.
Polychem Indonesia Tbk
Tiga Pilar Sejahtera Food Tbk.
Alam Karya Unggul Tbk.
Argha Karya Prima Industry Tbk
Alakasa Industrindo Tbk
Alumindo Light Metal Industry
Asahimas Flat Glass Tbk.
Asiaplast Industries Tbk.
Aqua Golden Mississippi Tbk.
Argo Pantes Tbk
Arwana Citramulia Tbk.
Astra International Tbk.
Astra Otoparts Tbk.
Sepatu Bata Tbk.
BAT Indonesia Tbk.
Primarindo Asia Infrastructure
Indo Kordsa Tbk.
Berlina Tbk.
Barito Pacific Tbk.
Betonjaya Manunggal Tbk.
Budi Starch & Sweetener Tbk.
Wilmar Cahaya Indonesia Tbk.
Century Textile Industry Tbk.
Charoen Pokphand Indonesia Tbk
Citra Tubindo Tbk.
Davomas Abadi Tbk
Delta Djakarta Tbk.
Dankos Laboratories Tbk
Duta Pertiwi Nusantara Tbk.
Daya Sakti Unggul Corporation Tbk.
Dynaplast Tbk.
Darya-Varia Laboratoria Tbk.
Ekadharma International Tbk.
Eratex Djaja Tbk.

Tanggal IPO
4-Dec-00
13-Jun-94
20-Okt-93
11-Jun-97
01-Nop-04
18-Des-92
12-Jul-90
02-Jan-97
08-Nop-95
01-Mei-00
01-Mar-90
07-Jan-91
17-Jul-01
04-Apr-90
15-Jun-98
24-Mar-82
20-Dec-79
30-Agust-94
05-Sep-90
06-Nop-89
01-Okt-93
18-Jul-01
08-Mei-95
09-Jul-96
22-Mei-79
18-Mar-91
28-Nop-89
22-Des-94
12-Feb-84
13-Nov-89
08-Agust-90
25-Mar-97
05-Aug-91
11-Nop-94
14-Agust-90
21-Agust-90

Jumlah Saham
Papan
Beredar
Pencatatan
Delisting 2-Jan-07
589.896.800 Pengembangan
3.889.179.559 Pengembangan
2.926.000.000 Pengembangan
230.000.000 Pengembangan
680.000.000 Pengembangan
101.533.011 Pengembangan
308.000.000 Pengembangan
434.000.000 Utama
1.500.000.000 Utama
Delisting 01-Apr-11
335.557.450 Pengembangan
7.341.430.976 Utama
40.483.553.140 Utama
4.819.733.000 Utama
1.300.000.000 Utama
Delisting 04-Jan-10
86.000.000 Pengembangan
450.000.000 Pengembangan
690.000.000 Pengembangan
6.979.892.784 Pengembangan
180.000.000 Pengembangan
4.098.997.362 Utama
297.500.000 Utama
3.500.000 Pengembangan
16.398.000.000 Utama
800.371.500 Utama
12.403.711.320 Pengembangan
16.013.181 Utama
Delisting 21-Dec-05
331.129.952 Utama
Delisting 09-Dec-09
Delisting 27-Jul-11
1.120.000.000 Utama
698.775.000 Pengembangan
160.817.474 Pengembangan

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
70
71
72
73
74
75
76
77

ESTI
ETWA
FASW
GDYR
GGRM
GJTL
HDTX
IGAR
IKAI
IKBI
IMAS
INAI
INCI
INDF
INDR
INDS
INKP
INRU
INTP
JECC
JKSW
JPFA
JPRS
KBLI
KBLM
KDSI
KIAS
KICI
KLBF
LION
LMPI
LMSH
LPIN
MAIN
MASA
MERK
MLBI
MLIA
MRAT
MYOR
MYTX

Ever Shine Tex Tbk.
Eterindo Wahanatama Tbk
Fajar Surya Wisesa Tbk.
Goodyear Indonesia Tbk.
Gudang Garam Tbk.
Gajah Tunggal Tbk.
Panasia Indo Resources Tbk.
Champion Pacific Indonesia Tbk
Intikeramik Alamasri Industri
Sumi Indo Kabel Tbk.
Indomobil Sukses Internasional
Indal Aluminium Industry Tbk.
Intanwijaya Internasional Tbk
Indofood Sukses Makmur Tbk.
Indo-Rama Synthetics Tbk.
Indospring Tbk.
Indah Kiat Pulp & Paper Tbk.
Toba Pulp Lestari Tbk.
Indocement Tunggal Prakasa Tbk
Jembo Cable Company Tbk.
Jakarta Kyoei Steel Works Tbk.
Japfa Comfeed Indonesia Tbk.
Jaya Pari Steel Tbk
KMI Wire & Cable Tbk.
Kabelindo Murni Tbk.
Kedawung Setia Industrial Tbk.
Keramika Indonesia Assosiasi T
Kedaung Indah Can Tbk
Kalbe Farma Tbk.
Lion Metal Works Tbk.
Langgeng Makmur Industri Tbk.
Lionmesh Prima Tbk.
Multi Prima Sejahtera Tbk
Malindo Feedmill Tbk.
Multistrada Arah Sarana Tbk.
Merck Tbk.
Multi Bintang Indonesia Tbk.
Mulia Industrindo Tbk
Mustika Ratu Tbk.
Mayora Indah Tbk.
Apac Citra Centertex Tbk

13-Okt-92
16-Mei-97
01-Des-94
01-Des-80
27-Agust-90
08-Mei-90
06-Jun-90
05-Nop-90
04-Jun-97
21-Jan-91
15-Sep-93
05-Des-94
24-Jul-90
14-Jul-94
03-Agust-90
10-Agust-90
16-Jul-90
18-Jun-90
05-Des-89
18-Nop-92
06-Agust-97
23-Okt-89
08-Agust-89
06-Jul-92
01-Jun-92
29-Jul-96
08-Des-94
28-Okt-93
30-Jul-91
20-Agust-93
17-Okt-94
04-Jun-90
05-Feb-90
10-Feb-06
09-Jun-05
23-Jul-81
17-Jan-94
17-Jan-94
27-Jul-95
04-Jul-90
10-Okt-89

2.015.208.720
968.297.000
2.477.888.787
41.000.000
1.924.088.000
3.484.800.000
1.532.571.000
972.204.500
791.383.786
306.000.000
2.765.278.412
158.400.000
181.035.556
8.780.426.500
654.351.707
525.000.000
5.470.982.941
1.375.793.450
3.681.231.699
151.200.000
150.000.000
10.660.522.910
750.000.000
4.007.235.107
1.120.000.000
405.000.000
14.929.100.000
138.000.000
50.780.072.110
52.016.000
1.008.517.669
9.600.000
21.250.000
1.695.000.000
9.182.946.945
22.400.000
21.070.000
1.323.000.000
428.000.000
766.584.000
1.466.666.577

Utama
Utama
Pengembangan
Utama
Utama
Utama
Utama
Utama
Utama
Pengembangan
Pengembangan
Pengembangan
Utama
Utama
Utama
Pengembangan
Pengembangan
Pengembangan
Utama
Pengembangan
Pengembangan
Pengembangan
Pengembangan
Pengembangan
Pengembangan
Pengembangan
Pengembangan
Utama
Utama
Utama
Pengembangan
Pengembangan
Pengembangan
Pengembangan
Pengembangan
Pengembangan
Pengembangan
Pengembangan
Utama
Utama
Utama

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
107
108
109
110
111
112
113
114
115
116
117
118

NIPS
PBRX
PICO
POLY
PRAS
PSDN
PTSN
PYFA
RICY
RMBA
SAIP
SCCO
SCPI
SHDA
SIMA
SIPD
SKBM
SKLT
SMCB
SMGR
SMSM
SOBI
SPMA
SRSN
SSTM
STTP
SULI
TBMS
TCID
TFCO
TIRT
TKIM
TOTO
TRST
TRPK
TSPC
ULTJ
UNIC
UNTX
UNVR
VOKS

Nipress Tbk.
Pan Brothers Tbk.
Pelangi Indah Canindo Tbk
Asia Pacific Fibers Tbk
Prima Alloy Steel Universal Tb
Prasidha Aneka Niaga Tbk
Sat Nusapersada Tbk
Pyridam Farma Tbk
Ricky Putra Globalindo Tbk
Bentoel Internasional Investam
Surabaya Agung Industri Pulp &
Supreme Cable Manufacturing &
Merck Sharp Dohme Pharma Tbk.
Sari Husada Tbk
Siwani Makmur Tbk
Sierad Produce Tbk.
Sekar Bumi Tbk.
Sekar Laut Tbk.
Holcim Indonesia Tbk.
Semen Indonesia (Persero) Tbk.
Selamat Sempurna Tbk.
Sorini Agro Asia Corporindo Tb
Suparma Tbk.
Indo Acidatama Tbk
Sunson Textile Manufacture Tbk
Siantar Top Tbk.
SLJ Global Tbk.
Tembaga Mulia Semanan Tbk.
Mandom Indonesia Tbk.
Tifico Fiber Indonesia Tbk.
Tirta Mahakam Resources Tbk
Pabrik Kertas Tjiwi Kimia Tbk.
Surya Toto Indonesia Tbk.
Trias Sentosa Tbk.
Multi Agro Persada Tbk
Tempo Scan Pacific Tbk.
Ultra Jaya Milk Industry & Tra
Unggul Indah Cahaya Tbk.
Unitex Tbk.
Unilever Indonesia Tbk.
Voksel Electric Tbk.

24-Jul-91
16-Agust-90
23-Sep-96
12-Mar-91
12-Jul-90
18-Okt-94
08-Nop-07
16-Okt-01
22-Jan-98
05-Mar-90
03-Mei-93
20-Jul-82
08-Jun-90
5-Aug-83
03-Jun-94
27-Des-96
05-Jan-93
08-Sep-93
10-Agust-97
08-Jul-91
09-Sep-96
03-Agust-92
16-Nop-94
11-Jan-93
20-Agust-97
16-Des-96
21-Mar-94
30-Sep-93
23-Sep-93
26-Feb-80
13-Des-99
03-Apr-90
30-Okt-90
02-Jul-90
24-Jul-90
17-Jun-94
02-Jul-90
06-Nop-89
16-Jun-89
11-Jan-82
20-Des-90

36.000.000 Pengembangan
3.084.902.672 Pengembangan
568.375.000 Pengembangan
2.495.753.334 Pengembangan
701.043.478 Utama
1.440.000.000 Pengembangan
1.771.448.000 Utama
535.080.000 Pengembangan
641.717.510 Pengembangan
7.240.005.000 Utama
5.509.574.061 Pengembangan
205.583.400 Utama
3.600.000 Pengembangan
Delisting 23-Apr-07
442.589.871 Pengembangan
9.391.108.493 Pengembangan
859.491.894 Pengembangan
690.740.500 Pengembangan
7.662.900.000 Utama
5.931.520.000 Utama
1.439.668.860 Utama
925.211.250 Utama
1.492.046.658 Utama
6.020.000.000 Pengembangan
1.170.909.181 Pengembangan
1.310.000.000 Pengembangan
3.111.401.022 Utama
18.367.000 Pengembangan
201.066.667 Utama
4.823.076.400 Pengembangan
1.011.774.750 Utama
1.335.702.240 Pengembangan
495.360.000 Pengembangan
2.808.000.000 Utama
Delisting 25-Oct-05
4.500.000.000 Utama
2.888.382.000 Utama
383.331.363 Utama
8.068.500 Pengembangan
7.630.000.000 Utama
831.120.519 Utama

Lampiran 5
Hasil Penghitungan Kepemilikan Ultimat dan Manajemen Laba
Data kepemilikan ultimat dan data manajemen laba tidak bisa dilampirkan dalam
skripsi ini berdasarkan kesepakatan antara penulis dengan pemilik data
kepemilikan ultimat dan manajemen laba perusahaan manufaktur di awal proses
penulisan penelitian ini.

Lampiran 6
Hasil Penghitungan Set Kesempatan Investasi
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

Kode
Tahun
ADMG
2007
AISA
2007
AKKU
2007
AKPI
2007
ALKA
2007
ALMI
2007
AMFG
2007
APLI
2007
AQUA
2007
ARGO
2007
ARNA
2007
ARTI
2007
ASII
2007
AUTO
2007
BATA
2007
BATI
2007
BIMA
2007
BRAM
2007

MBVA
0.8466
1.5469
0.6534
0.7845
1.3238
0.8876
1.0502
0.8669
2.3429
1.0724
1.1827
1.6741
2.3155
1.0878
1.2749
0.9518
3.7788
0.9749

MBVE
0.5160
2.2379
0.4594
0.4845
3.1057
0.6551
1.0679
0.6984
3.3602
1.4485
1.4933
2.2320
4.0990
1.1341
1.4396
0.9031
-0.4018
0.9564

PER
11.6667
24.1003
-345.0000
13.5294
9.8611
9.2224
9.0652
-19.8300
25.8586
-2.3050
8.0851
-4.8077
16.9565
5.6356
8.6466
-8.8803
7.5000
21.8391

CEBVA
-0.0330
0.2893
-0.0248
0.0009
0.0032
0.0016
0.0032
-0.0314
0.0478
-0.0384
0.1872
-0.1308
0.0173
-0.0145
-0.0059
-0.0481
0.0081
-0.0308

CEMVA
-0.0389
0.1870
-0.0379
0.0011
0.0024
0.0018
0.0031
-0.0362
0.0204
-0.0358
0.1583
-0.0781
0.0075
-0.0133
-0.0046
-0.0506
0.0021
-0.0316

Fact_1

Fact_2

Fact_Sum

DumIOS

-0.437207789
2.164026551
-0.334507887
-0.100992139
-0.083150158
-0.093913912
-0.080334986
-0.413363707
0.222963216
-0.452180629
1.507237695
-1.111788639
0.010735069
-0.238203849
-0.158970755
-0.560363666
-0.059246746
-0.398823062

-0.38763653
0.202607887
-0.832642367
-0.414565608
0.036762773
-0.350083427
-0.23400643
-0.39494787
0.658774361
-0.221270875
-0.088577854
0.139252822
0.66818127
-0.216572159
-0.08779354
-0.32909432
1.239624887
-0.279828299

-0.824844318
2.366634437
-1.167150254
-0.515557747
-0.046387384
-0.443997339
-0.314341416
-0.808311577
0.881737577
-0.673451505
1.418659841
-0.972535818
0.67891634
-0.454776008
-0.246764295
-0.889457986
1.18037814
-0.678651361

0
1
0
0
1
0
0
0
1
0
1
0
1
0
1
0
1
0

19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42

BRNA
BRPT
BUDI
CTBN
DAVO
DLTA
DOID
DPNS
DSUC
DVLA
DYNA
EKAD
ERTX
ESTI
ETWA
FASW
FISH
FMII
GDYR
GGRM
GJTL
HDTX
HMSP
IGAR

2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007

0.7720
0.8823
1.3496
1.9710
1.4954
0.6586
3.9511
1.1274
1.5578
1.7733
0.8611
1.0932
1.1418
0.7968
0.8775
1.8262
1.3575
1.1118
1.4028
1.0940
0.9014
0.9618
4.4829
0.8034

0.4364
0.7864
1.8297
2.8391
2.6181
0.5589
10.8406
1.1820
-1.6345
1.9384
0.5989
1.1302
-0.8224
0.5947
0.8539
3.4031
2.9449
1.2122
1.7795
1.1583
0.6506
0.9281
7.7729
0.6583

6.6000
186.6667
16.3158
10.9329
14.7059
5.4127
713.4146
93.7500
-1.5152
17.9775
300.8130
16.2483
-7.3077
-10.5402
46.4286
36.1642
11.5385
735.2941
12.5725
11.3333
16.8966
444.4444
17.2914
8.1007

-0.0189
0.5803
0.1117
0.0987
0.2170
0.0202
0.0018
0.0010
-0.0453
0.0292
-0.0471
0.0046
-0.0538
0.0012
0.0007
-0.0114
0.0162
0.0934
0.1836
-0.0181
0.0100
0.0508
0.0722
-0.0171

-0.0245
0.6577
0.0827
0.0501
0.1451
0.0306
0.0005
0.0009
-0.0291
0.0165
-0.0547
0.0042
-0.0471
0.0015
0.0008
-0.0063
0.0120
0.0840
0.1309
-0.0165
0.0111
0.0529
0.0161
-0.0213

-0.305077967
5.518812625
0.808563595
0.613513767
1.615365684
0.117835256
-0.206704349
-0.113658968
-0.464047443
0.109376896
-0.618250641
-0.069688483
-0.577975583
-0.094145658
-0.108290025
-0.199455999
0.023453193
0.605106083
1.38141433
-0.270768435
-0.014084127
0.300858214
0.337972563
-0.283291683

-0.435805798
-0.03416647
0.014000038
0.416756365
0.16699064
-0.485046867
2.625854837
-0.104892047
-0.118125891
0.242136382
-0.10763587
-0.198918501
-0.317367178
-0.42384161
-0.310123559
0.360735764
0.051893832
0.51191699
0.056557265
-0.207266943
-0.333167527
0.127304809
2.12450974
-0.403645439

-0.740883765
5.484646155
0.822563633
1.030270131
1.782356323
-0.367211611
2.419150488
-0.218551015
-0.582173334
0.351513278
-0.725886511
-0.268606984
-0.895342761
-0.517987268
-0.418413584
0.161279765
0.075347025
1.117023073
1.437971594
-0.478035379
-0.347251655
0.428163024
2.462482303
-0.686937122

0
1
1
1
1
0
1
1
0
1
0
0
0
0
0
1
1
1
1
0
0
1
1
0

43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

IIKP
IKAI
IKBI
IMAS
INAI
INCI
INDF
INDR
INDS
INKP
INTP
JECC
JPFA
JPRS
KARW
KBLI
KBLM
KDSI

2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007

2.1753
1.4999
0.8504
1.2036
0.9369
0.4136
1.5766
0.7002
0.9594
0.7340
3.3223
0.9656
1.0876
1.1698
1.8471
0.9034
0.8078
0.7951

2.1957
2.1371
0.7997
6.9964
0.5972
0.3247
3.3820
0.2134
0.6907
0.2505
4.3584
0.8144
1.4470
1.2069
-10.9818
0.7358
0.6178
0.5007

29.4444
58.4211
4.5455
1170.0000
135.0711
13.3333
22.3913
22.8125
5.4924
5.3165
30.6863
3.0921
6.3636
6.4056
39.0244
12.8571
24.0000
7.6816

0.1196
0.1037
-0.0302
0.0018
-0.0323
-0.0372
0.0581
0.0403
-0.0007
0.0642
-0.0101
-0.0123
0.0134
-0.0098
-0.0047
-0.0243
0.1443
-0.0320

0.0550
0.0691
-0.0355
0.0015
-0.0345
-0.0900
0.0369
0.0576
-0.0007
0.0874
-0.0031
-0.0127
0.0123
-0.0084
-0.0025
-0.0269
0.1787
-0.0402

0.741729776
0.706599043
-0.407934308
-0.27161295
-0.43543431
-0.656915755
0.342918331
0.327281703
-0.115382533
0.57333293
-0.180041819
-0.223633964
0.010389516
-0.19420328
-0.150362174
-0.34436364
1.353082297
-0.436210033

0.520105088
0.154365775
-0.375564044
1.271396963
-0.215966501
-0.644121683
0.222288399
-0.459368846
-0.31121894
-0.448422942
1.262504851
-0.305942622
-0.191404205
-0.163830807
-0.427618398
-0.339678125
-0.348170905
-0.421305869

1.261834865
0.860964819
-0.783498352
0.999784013
-0.65140081
-1.301037438
0.565206731
-0.132087143
-0.426601474
0.124909989
1.082463032
-0.529576586
-0.181014688
-0.358034087
-0.577980573
-0.684041765
1.004911391
-0.857515902

1
1
0
1
0
0
1
1
0
1
1
0
1
0
0
0
1
0

61
62
63
64
65
66

KICI
KLBF
LAPD
LION
LMPI
LMSH

2007
2007
2007
2007
2007
2007

0.4492
2.8313
2.4047
0.7194
0.5439
0.8570

0.2965
3.7783
4.3470
0.6430
0.3786
0.6918

1.1835
18.0000
390.0000
4.3210
13.3333
3.3926

-0.8231
0.0350
-0.0534
0.0030
0.0265
-0.0187

-1.8323
0.0124
-0.0222
0.0042
0.0488
-0.0218

-11.59902531
0.124284426
-0.540980622
-0.076289236
0.220729224
-0.293124101

-0.822772942
0.950011063
1.063627758
-0.450923479
-0.551693581
-0.37603295

-12.42179825
1.074295489
0.522647136
-0.527212715
-0.330964357
-0.669157051

0
1
1
0
0
0

67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90

LPIN
MAIN
MASA
MERK
MRAT
MYOR
MYTX
NIPS
PAFI
PICO
PLAS
PRAS
PROD
PSDN
PYFA
RDTX
RICY
SCPI
SIMM
SIPD
SKLT
SMAR
SMCB
SMGR

2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007

0.6852
1.2191
1.0153
3.7058
0.5149
1.1372
1.0040
0.7976
1.4633
1.3293
4.0573
0.9054
0.2753
0.9688
0.7520
0.9620
1.0451
1.5880
2.1546
0.7091
0.7559
2.6997
2.5489
4.1226

0.4368
1.5893
1.0214
4.1966
0.4516
1.2401
1.0646
0.3881
3.3050
2.0813
5.3490
0.6036
0.0181
0.8899
0.6474
0.9408
1.0777
43.0239
4.4719
0.6256
0.5374
4.8843
5.9460
5.0121

1.8846
10.6024
35.8333
13.1414
11.3462
9.4595
-3.1176
5.7813
-7.1429
33.6667
230.0000
28.2979
0.1672
-8.5000
24.8466
10.0769
8.6808
29.9026
-35.0000
29.6460
9.0253
17.4419
79.5455
18.7291

0.0014
0.0742
0.0273
0.0017
0.0030
0.0192
-0.0345
-0.0207
-0.0876
0.2164
-0.0022
0.0213
0.0063
-0.0532
0.0021
0.0733
0.0111
0.0214
-0.0466
0.0297
0.3539
0.0451
-0.0325
-0.0086

0.0020
0.0608
0.0269
0.0005
0.0059
0.0168
-0.0344
-0.0259
-0.0599
0.1628
-0.0005
0.0235
0.0228
-0.0549
0.0028
0.0761
0.0106
0.0135
-0.0216
0.0418
0.4682
0.0167
-0.0128
-0.0021

-0.092997238
0.523494204
0.136893727
-0.100278325
-0.070710287
0.058398215
-0.425689296
-0.320043781
-0.808871702
1.677558917
-0.15844145
0.092718575
0.014024564
-0.604426032
-0.089690099
0.577846571
-0.008888406
0.05736019
-0.436826768
0.208352113
3.598469488
0.195392546
-0.344772005
-0.166683411

-0.484638359
-0.088922995
-0.225346867
1.458823428
-0.571694387
-0.170309262
-0.281490185
-0.425136843
0.088162258
0.059589548
1.925685307
-0.319997239
-0.742389718
-0.321084965
-0.413096187
-0.272752108
-0.234720161
2.443897282
0.531999154
-0.427452743
-0.3442876
0.93894961
0.950168301
1.744639922

-0.577635597
0.434571209
-0.08845314
1.358545102
-0.642404674
-0.111911048
-0.707179481
-0.745180624
-0.720709444
1.737148465
1.767243856
-0.227278664
-0.728365154
-0.925510997
-0.502786286
0.305094463
-0.243608566
2.501257472
0.095172386
-0.219100629
3.254181889
1.134342156
0.605396296
1.577956511

0
1
1
1
0
1
0
0
0
1
1
1
0
0
0
1
1
1
1
1
1
1
1
1

91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114

SMSM
SOBI
SPMA
SQBI
SRSN
SSTM
STTP
SULI
TALF
TBLA
TBMS
TCID
TFCO
TIRT
TKIM
TOTO
TRST
TSPC
ULTJ
UNIC
UNVR
VOKS
ADMG
AISA

2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2006
2006

1.1649
1.8115
0.8180
2.9562
6.9287
1.1210
1.2437
2.7838
0.2345
1.6869
0.9958
2.1672
1.2548
0.8550
0.8024
1.0865
0.7697
1.4541
1.7677
0.9500
10.2409
1.4526
0.8813
1.2410

1.2838
2.5492
0.5958
3.8033
11.6360
1.4812
1.3516
6.8314
0.0756
2.8053
0.9526
2.2565
-1.4545
0.5961
0.2469
1.2492
0.4980
1.5953
2.2588
0.8912
23.2308
2.1799
0.6217
1.9213

7.6786
11.9446
11.7391
12.1088
84.3091
200.0000
31.0924
134.3750
1.6667
27.3913
-50.9259
14.2132
-0.9692
117.0000
14.5588
7.0299
29.0000
12.0968
65.0000
32.1839
26.2646
12.5368
-2.8986
1458.3333

0.0719
0.0168
0.0300
0.0440
-0.1613
-0.0297
0.1215
0.1252
-0.0227
0.0295
-0.0020
0.0136
-0.0049
0.0490
0.0234
-0.0158
-0.0157
0.0046
-0.0179
-0.0006
0.0891
0.0268
-0.0328
-0.0566

0.0617
0.0093
0.0367
0.0149
-0.0233
-0.0265
0.0977
0.0450
-0.0969
0.0175
-0.0020
0.0063
-0.0039
0.0573
0.0292
-0.0145
-0.0204
0.0032
-0.0101
-0.0006
0.0087
0.0184
-0.0372
-0.0456

0.515060045
0.01591822
0.192974445
0.183129255
-1.080157971
-0.400589899
0.916844216
0.717190019
-0.603739925
0.113518694
-0.118734639
-0.013418075
-0.149636766
0.35838421
0.128125823
-0.250022816
-0.275493991
-0.073073243
-0.25352141
-0.118530119
0.396884712
0.104838731
-0.427353921
-0.811745632

-0.140282971
0.289229932
-0.383630709
1.019487656
3.736282507
-1.74E-04
-0.056892372
1.226268994
-0.767144668
0.250238473
-0.328948208
0.477005314
-0.269893564
-0.259199893
-0.41106393
-0.209900356
-0.411906841
0.02903075
0.288671835
-0.280354717
6.285739606
0.067007091
-0.375538943
1.263762646

0.374777074
0.305148152
-0.190656264
1.202616911
2.656124536
-0.400763732
0.859951844
1.943459013
-1.370884593
0.363757167
-0.447682847
0.463587239
-0.41953033
0.099184317
-0.282938106
-0.459923172
-0.687400832
-0.044042492
0.035150425
-0.398884836
6.682624318
0.171845822
-0.802892864
0.452017015

1
1
1
1
1
0
1
1
0
1
0
1
0
1
0
0
0
1
1
0
1
1
0
1

115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138

AKKU
AKPI
ALKA
AMFG
APLI
AQUA
ARGO
ARNA
ARTI
ASIA
ASII
AUTO
BATA
BATI
BIMA
BRAM
BRNA
BRPT
BUDI
CEKA
CLPI
CPIN
CPPR
CTBN

2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006

0.5045
0.8230
1.1620
1.0745
0.6900
2.2583
1.2476
1.0630
1.7737
2.1109
1.7109
1.1351
0.9702
0.8579
3.9034
1.0140
0.7694
1.3527
0.9593
0.9320
2.7639
1.0084
1.6209
1.3919

0.2660
0.5681
2.4623
1.1057
0.3855
3.2375
-2.4374
1.1586
2.4956
-0.9263
2.8405
1.2216
0.9575
0.7522
-0.4873
1.0256
0.3608
1.5776
0.8343
0.9018
4.6201
1.0311
2.9792
1.8364

80.0000
23.8095
4.5732
-73.1250
800.0000
29.6336
-19.4030
7.7419
-2.0413
-1.9747
17.1210
7.9918
9.0264
-4.2508
19.8276
46.3415
-9.7468
213.3333
9.1176
11.4786
39.2000
5.0893
10.0000
6.4394

0.1394
-0.0154
-0.0037
0.0037
-0.0164
-0.0354
0.0055
0.1772
-0.4015
-0.1438
0.0265
-0.0261
-0.0008
-0.0080
-0.0432
-0.0359
0.0352
-0.0452
0.0596
-0.1700
-0.0052
0.0421
0.0381
0.0417

0.2763
-0.0188
-0.0032
0.0035
-0.0238
-0.0157
0.0044
0.1667
-0.2264
-0.0681
0.0155
-0.0230
-0.0009
-0.0094
-0.0111
-0.0354
0.0458
-0.0334
0.0621
-0.1824
-0.0019
0.0417
0.0235
0.0299

1.694776624
-0.266938592
-0.140981213
-0.063516718
-0.410521289
-0.363941398
-0.05897871
1.485991892
-3.139019477
-1.143999866
0.091245947
-0.338338263
-0.117218336
-0.186616361
-0.387813668
-0.444660291
0.25932261
-0.512666677
0.450361344
-1.726951602
-0.150055712
0.278233731
1.86E-01
0.230211387

-0.4910289
-0.382391111
-0.098210201
-0.29483722
0.257870054
0.585488402
-0.343574122
-0.178664432
0.143161994
0.210710855
0.255507164
-0.185462726
-0.28685165
-0.376608583
1.303923236
-0.232035361
-0.443337886
0.145783583
-0.284612744
-0.352138653
0.967975762
-0.253767381
0.208264798
0.011290125

1.203747723
-0.649329703
-0.239191414
-0.358353939
-0.152651234
0.221547003
-0.402552832
1.30732746
-2.995857483
-0.933289011
0.346753111
-0.523800989
-0.404069985
-0.563224943
0.916109568
-0.676695652
-0.184015276
-0.366883094
0.1657486
-2.079090255
0.81792005
0.02446635
0.393859454
0.241501512

1
0
1
0
1
1
0
1
0
0
1
0
0
0
1
0
1
0
1
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1
1

139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162

DAVO
DLTA
DOID
DPNS
DSUC
DVLA
DYNA
EKAD
ERTX
ESTI
ETWA
FASW
FISH
GDYR
GGRM
GJTL
HDTX
HMSP
IGAR
IKAI
IKBI
IMAS
INAI
INCI

2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006

1.9909
0.8736
1.1230
1.3170
1.2333
1.7774
0.8829
1.4229
1.1060
0.6881
0.6930
1.4896
1.3695
0.9766
1.2976
0.9591
0.9607
3.9085
0.7333
0.8005
0.7927
1.1143
0.9587
0.3756

3.7493
0.8334
1.2839
1.4292
16.4312
2.0509
0.6567
1.5455
-0.7314
0.4222
0.5620
2.4270
1.9751
0.9622
1.4916
0.8605
0.9337
7.4667
0.5631
0.3458
0.6722
3.6271
0.5896
0.2914

18.4375
8.4351
204.5455
58.7544
-3.3333
16.0638
-37.7003
15.5189
-2.2581
2.3762
21.0000
28.0146
18.6335
10.6624
19.4656
15.6757
1290.3226
12.0497
10.0105
18.3333
5.6552
700.0000
2.5265
-9.8000

0.1785
-0.0147
-0.0355
-0.0119
-0.0554
-0.0061
0.0161
0.0037
0.0131
-0.0841
-0.0003
0.1227
-0.0119
0.0073
-0.0218
0.0009
-0.0269
-0.0007
-0.0360
-0.2272
-0.0402
0.0161
-0.0171
-0.0338

0.0897
-0.0168
-0.0316
-0.0091
-0.0450
-0.0035
0.0182
0.0026
0.0118
-0.1222
-0.0004
0.0824
-0.0087
0.0075
-0.0168
0.0009
-0.0280
-0.0002
-0.0491
-0.2838
-0.0507
0.0145
-0.0179
-0.0899

1.194015412
-0.253112916
-0.452144371
-0.216277561
-0.577790867
-0.157170504
0.054463715
-0.080735348
0.007990564
-1.031624974
-0.114315249
0.864695824
-0.208571156
-0.041541886
-0.293142883
-0.102160124
-0.55841739
-0.115566506
-0.492353628
-2.426492652
-0.520452825
-0.072787009
-0.269413907
-0.634693913

0.506802178
-0.352926524
-0.00729401
-1.90E-02
0.703235212
0.239828136
-0.392947697
0.011424183
-0.310913648
-0.504467116
-0.455715641
0.141137902
0.003910349
-0.279360556
-0.065890449
-0.291954646
0.899102677
1.755688861
-0.451823206
-0.465697113
-0.417022889
0.595713071
-0.324192157
-0.688400911

1.70081759
-0.60603944
-0.45943838
-0.235284077
0.125444345
0.082657633
-0.338483982
-0.069311165
-0.302923084
-1.53609209
-0.57003089
1.005833725
-0.204660807
-0.320902442
-0.359033332
-0.39411477
0.340685287
1.640122355
-0.944176834
-2.892189766
-0.937475714
0.522926062
-0.593606064
-1.323094825

1
0
0
1
1
1
0
1
0
0
0
1
1
0
0
0
1
1
0
0
0
1
0
0

163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186

INDF
INDR
INDS
INKP
INTP
JECC
JPFA
KARW
KBLI
KBLM
KDSI
KICI
KKGI
KLBF
LAPD
LION
LMPI
LMSH
LPIN
MERK
MLBI
MRAT
MYOR
MYTX

2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006

1.4852
0.6603
0.8979
0.7564
2.5768
0.9164
0.9915
1.2790
1.4131
0.7955
0.7413
0.6855
0.5884
2.9657
3.2119
0.8117
0.5942
0.8356
0.5522
3.3363
2.5733
0.5635
1.1754
0.9646

2.5856
0.1473
0.2724
0.3070
3.5087
0.5231
0.9483
-2.2045
3.8556
0.6249
0.2703
0.2473
0.2435
4.0355
5.6549
0.7641
0.4536
0.6949
0.2075
3.8040
5.8392
0.5182
1.2810
0.5974

17.3077
17.1429
8.6207
-3.0719
35.7076
55.0000
2.3750
-0.8283
4.8840
9.4444
23.3333
-0.9777
-0.9813
17.7612
119.6172
5.5416
56.6667
6.1151
-13.6364
10.3546
15.7503
15.2381
13.2787
26.6667

0.0247
0.0355
0.1375
-0.0180
-0.0138
0.0128
0.0042
-0.0495
-0.0414
0.0178
0.1320
-0.0807
0.0060
0.0357
0.0026
-0.0049
-0.0263
0.0102
-0.0053
-0.0026
0.0595
-0.0026
0.0039
-0.0411

0.0167
0.0538
0.1531
-0.0238
-0.0054
0.0139
0.0042
-0.0387
-0.0293
0.0224
0.1781
-0.1178
0.0103
0.0120
0.0008
-0.0060
-0.0442
0.0122
-0.0096
-0.0008
0.0231
-0.0046
0.0033
-0.0426

0.086278164
0.287714982
1.220073544
-0.296060108
-0.209219887
0.005904321
-0.069669227
-0.523643154
-0.444333806
0.072619244
1.28477993
-0.995879455
-0.035783572
0.126485424
-0.110218897
-0.158316798
-0.428408629
-0.007073711
-0.171312274
-0.127799463
0.297868198
-0.141924366
-0.076500444
-0.497367415

0.112220315
-0.492355517
-0.331973857
-0.460762608
0.793593969
-0.295371978
-0.280180768
-0.30934488
0.113505998
-0.400042462
-0.409430111
-0.518025441
-0.552219816
1.041009342
1.358650695
-0.392341812
-0.491078275
-0.378265127
-0.589466598
1.222415118
0.922458986
-0.53796319
-0.146562206
-0.30386453

0.198498479
-0.204640535
0.888099687
-0.756822717
0.584374082
-0.289467657
-0.349849994
-0.832988034
-0.330827808
-0.327423218
0.875349818
-1.513904896
-0.588003388
1.167494766
1.248431798
-0.550658609
-0.919486904
-0.385338838
-0.760778871
1.094615655
1.220327184
-0.679887555
-0.223062651
-0.801231945

1
1
1
0
1
0
0
0
0
0
1
0
0
1
1
0
0
0
0
1
1
0
1
0

187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210

NIPS
PAFI
PBRX
PICO
PLAS
PRAS
PSDN
PYFA
RDTX
RICY
RMBA
SCCO
SCPI
SHDA
SIMA
SIMM
SIPD
SKLT
SMAR
SMCB
SMGR
SMPL
SMSM
SOBI

2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006

0.7085
0.8290
1.0922
1.0809
5.7562
0.8755
1.1799
0.5375
0.8475
1.0309
1.3817
0.9440
1.3424
5.5786
0.5995
1.7625
0.5376
2.8288
2.4884
1.4296
3.1386
1.6565
1.0737
0.9477

0.2976
0.3621
1.4320
1.3800
6.9018
0.4174
1.5622
0.4103
0.7602
1.0546
1.7525
0.8788
-22.2773
6.8069
0.3709
3.5444
0.4769
8.3612
4.0678
2.4464
3.9151
2.1447
1.1171
0.9061

3.3831
-1.1765
17.2727
42.2961
2636.3636
19.1489
12.5000
15.4799
7.3846
8.0577
13.1747
5.2946
-13.0058
18.7856
14.8431
-14.7198
11.4679
42.5373
16.6667
29.1304
16.6209
142.5121
7.6087
11.6883

0.0332
0.0872
0.1155
-0.0384
-0.3089
-0.0080
-0.0345
0.0118
0.3264
0.1072
0.0852
-0.0206
0.0715
-0.0083
0.0049
-0.0339
-0.0915
-0.0288
0.0577
-0.0254
-0.0342
0.0285
0.0181
0.0271

0.0469
0.1052
0.1057
-0.0355
-0.0537
-0.0091
-0.0293
0.0220
0.3852
0.1040
0.0617
-0.0219
0.0533
-0.0015
0.0082
-0.0193
-0.1701
-0.0102
0.0232
-0.0177
-0.0109
0.0172
0.0168
0.0286

0.25083381
0.766545466
0.917667181
-0.457870368
-2.381541014
-0.189081917
-0.408469975
0.03803356
3.130748903
0.867922904
0.58560785
-0.304045631
0.481747977
-0.163432941
-0.052217191
-0.362668987
-1.257462048
-0.309153565
0.288349482
-0.317441157
-0.337418219
0.089306158
0.052796167
0.146105977

-0.469860702
-0.388187969
-0.153433541
-0.178512842
5.152591196
-0.36340259
-0.138798637
-0.555118659
-0.287333258
-0.220318793
0.018260378
-0.31468574
-1.376415326
2.675451988
-0.524216553
0.278859711
-0.580042609
1.211199373
0.775329162
0.07089177
1.113460804
0.303439928
-0.215426756
-0.293022108

-0.219026891
0.378357497
0.76423364
-0.636383211
2.771050182
-0.552484507
-0.547268612
-0.517085098
2.843415645
0.647604111
0.603868228
-0.618731371
-0.894667348
2.512019047
-0.576433744
-0.083809276
-1.837504657
0.902045808
1.063678644
-0.246549387
0.776042585
0.392746086
-0.16263059
-0.146916131

1
1
1
0
1
0
0
0
1
1
1
0
0
1
0
1
0
1
1
1
1
1
1
1

211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234

SPMA
SQMI
SRSN
SSTM
STTP
SUBA
SUDI
SULI
TBLA
TCID
TFCO
TIRT
TKIM
TOTO
TRST
TSPC
ULTJ
UNIC
UNVR
VOKS
ACAP
ADMG
AISA
AKKU

2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2005
2005
2005
2005

0.8260
0.3949
2.8825
0.9356
0.8547
1.2157
3.9332
2.6812
1.0612
1.9670
1.1484
0.8305
0.8606
1.0509
0.7187
1.8501
1.3536
0.9761
11.3739
1.1714
2.5702
0.9409
1.3623
0.4894

0.4643
0.3138
4.8745
0.7474
0.8020
-0.2026
-2.1722
7.1769
1.1450
2.0697
-2.9233
0.5115
0.4719
1.1648
0.4174
2.0850
1.5420
0.9410
21.2613
1.3113
2.9730
0.8261
2.3636
0.3951

9.1304
2.4771
33.5052
-10.5263
19.0736
0.5555
19.3133
-48.6607
12.4805
12.3665
-0.6000
100.0000
-4.1987
4.1019
16.1111
14.7541
87.0000
100.7021
29.2035
6.3684
21.2500
29.0909
7166.6667
10.0000

0.0285
-0.0231
0.0103
-0.0253
-0.0017
-0.0087
-0.0752
0.1089
0.1057
0.0924
-0.0988
-0.3356
-0.0454
-0.0207
0.0044
0.0091
0.0027
-0.0529
0.0495
-0.0130
0.0120
-0.0417
-0.0553
0.2491

0.0345
-0.0585
0.0036
-0.0270
-0.0020
-0.0072
-0.0191
0.0406
0.0996
0.0470
-0.0860
-0.4041
-0.0528
-0.0197
0.0061
0.0049
0.0020
-0.0542
0.0044
-0.0111
0.0047
-0.0443
-0.0406
0.5090

0.176812674
-0.457964655
-0.044716906
-0.346555871
-0.127786134
-0.182901543
-0.590708225
0.640763249
0.842202174
0.567422682
-0.971048403
-3.485585544
-0.55504056
-0.295951191
-0.063261296
-0.042921679
-0.099342858
-0.616853345
0.166256764
-0.221801742
-0.029434399
-0.507489846
-1.660533337
3.192640023

-0.389236853
-0.662222765
1.048569972
-0.3428196
-0.352235338
-0.221701647
1.217751647
1.011475861
-0.194183828
0.371138181
-0.436328106
-0.390170429
-0.40008993
-0.238900104
-0.452559302
0.285909188
0.038357883
-0.211779397
6.813903117
-0.157930347
0.753078868
-0.302454013
6.700982436
-0.531832015

-0.212424179
-1.12018742
1.003853066
-0.68937547
-0.480021472
-0.40460319
0.627043422
1.652239111
0.648018346
0.938560863
-1.407376509
-3.875755973
-0.95513049
-0.534851294
-0.515820598
0.242987509
-0.060984975
-0.828632742
6.980159881
-0.379732089
0.72364447
-0.809943859
5.040449099
2.660808008

1
0
1
0
0
0
1
1
1
1
0
0
0
0
0
1
1
0
1
0
1
0
1
1

235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258

AKPI
ALKA
ALMI
AMFG
APLI
AQUA
ARGO
ARNA
ARTI
ASII
AUTO
BATA
BATI
BRAM
BRNA
BRPT
BUDI
CEKA
CPIN
CTBN
DAVO
DLTA
DOID
DPNS

2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005

0.8406
1.3141
0.6514
1.1547
0.6722
1.5802
1.2863
1.2478
1.1053
1.4442
1.1726
1.0399
1.1201
0.7665
0.8217
1.1681
0.9172
0.9969
0.9268
1.0550
0.8377
1.3169
1.2406
1.3087

0.6025
2.8872
0.2686
1.2017
0.2893
2.0459
-1.5970
1.5247
1.3310
2.0218
1.3195
1.0692
1.1983
0.5145
0.4927
1.3650
0.5908
0.9968
0.6981
1.0938
0.6364
1.4197
1.6270
1.3978

30.5882
5.0000
2.7622
6.7857
-8.9743
12.8861
-1.6069
7.4359
47.8208
7.5668
7.7320
7.5130
25.9516
3.5338
20.8333
2.0992
47.5000
-8.2656
10.8621
9.2826
5.3333
10.2215
168.3168
30.1223

0.0046
-0.0118
-0.0448
0.0000
-0.0324
-0.0036
0.0853
0.1168
-0.0076
0.0627
0.0447
0.0375
0.0065
-0.0418
0.0383
-0.0249
0.0126
-0.2574
-0.0140
0.0108
-0.0485
-0.0031
0.1336
-0.0032

0.0055
-0.0090
-0.0688
0.0000
-0.0482
-0.0023
0.0663
0.0936
-0.0069
0.0434
0.0381
0.0361
0.0058
-0.0546
0.0467
-0.0213
0.0138
-0.2582
-0.0151
0.0102
-0.0580
-0.0023
0.1077
-0.0025

-0.066773221
-0.206999374
-0.614499502
-0.109187392
-0.466613
-0.138510774
0.605946799
0.879409138
-0.182897698
0.394950945
0.277846217
0.231526619
-0.054803292
-0.543767146
0.27474718
-0.324435967
0.005598292
-2.486021568
-0.243205808
-0.012139997
-0.593193417
-0.135318104
0.999430309
-0.1396747

-0.35907898
0.010610675
-0.523865639
-0.169875773
-0.518803241
0.124771251
-0.237383054
-0.068212249
-0.154338434
0.057961241
-0.140782523
-0.23255589
-0.170201632
-0.443144681
-0.376697098
-0.163841079
-0.298200713
-0.350588021
-0.327722413
-0.227685364
-0.39578111
-0.062766123
0.088281279
-0.050063986

-0.425852201
-0.1963887
-1.138365141
-0.279063164
-0.985416241
-0.013739523
0.368563744
0.811196889
-0.337236132
0.452912185
0.137063694
-0.001029271
-0.225004924
-0.986911828
-0.101949918
-0.488277047
-0.29260242
-2.836609589
-0.570928221
-0.239825361
-0.988974528
-0.198084227
1.087711588
-0.189738686

0
1
0
0
0
1
1
1
0
1
1
1
1
0
1
0
0
0
0
1
0
1
1
1

259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282

DSUC
DVLA
DYNA
EKAD
ESTI
FASW
FISH
FMII
GDYR
GGRM
GJTL
HDTX
HMSP
IGAR
IKAI
INAI
INCI
INDF
INDR
INDS
INKP
INTP
JECC
JPFA

2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005

1.1416
1.0534
0.9760
1.2823
0.7005
1.4877
1.3789
1.0110
1.1299
1.4205
0.9658
1.0031
3.8852
0.7806
0.9044
0.9634
0.4732
1.2899
0.6350
0.8958
0.7254
1.7060
0.9310
0.9972

2.9373
1.0753
0.9335
1.3872
0.4771
2.3106
1.8278
1.0171
1.2180
1.7096
0.8740
1.0076
8.5255
0.6465
0.3485
0.5768
0.4117
1.9947
0.1329
0.2813
0.2945
2.3215
0.6471
0.9753

-1.6832
5.8594
17.5599
14.6615
-17.5055
425.5319
25.2525
-20.0000
-45.1977
11.8635
5.1376
4.0000
16.3603
8.0769
5.3333
1.1437
5.7031
60.6667
14.9415
-3.2051
109.8678
17.6678
-19.2857
9.0741

-0.0131
0.0132
0.0666
0.0025
-0.0626
0.0495
0.0250
-0.0272
-0.0586
0.0175
-0.0010
0.0185
0.0187
-0.0238
-0.0324
-0.0127
-0.0230
0.0019
0.0327
0.0318
0.0351
0.0048
-0.0035
0.0449

-0.0114
0.0125
0.0683
0.0020
-0.0894
0.0333
0.0181
-0.0269
-0.0519
0.0123
-0.0010
0.0184
0.0048
-0.0305
-0.0359
-0.0132
-0.0486
0.0015
0.0515
0.0355
0.0484
0.0028
-0.0037
0.0450

-0.222119036
0.010153494
0.51059871
-0.089301447
-0.786520526
0.220984544
0.092072644
-0.354949303
-0.616312116
3.14E-02
-0.118086808
0.061701195
0.007409743
-0.354768971
-0.421485797
-0.2274308
-0.419770503
-0.101463524
0.26414644
0.20024207
0.250497705
-0.074478453
-0.138190953
0.305400944

-0.091524964
-0.232227613
-0.259854625
-0.078723092
-0.507643276
0.486754725
0.016708846
-0.29411154
-0.246694803
0.019364541
-0.297723665
-0.26510474
1.810774879
-0.418992284
-0.369854689
-0.322412082
-0.609184175
0.002501917
-0.510364862
-0.370349237
-0.36024004
0.218573881
-0.353751867
-0.258843546

-0.313644
-0.222074119
0.250744085
-0.168024539
-1.294163802
0.707739269
0.10878149
-0.649060843
-0.863006919
0.050780219
-0.415810473
-0.203403545
1.818184622
-0.773761255
-0.791340486
-0.549842881
-1.028954678
-0.098961608
-0.246218422
-0.170107167
-0.109742335
0.144095428
-0.49194282
0.046557398

0
1
1
1
0
1
1
0
0
1
0
1
1
0
0
0
0
1
1
1
1
1
0
1

283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306

KARW
KBLI
KBLM
KDSI
KICI
KKGI
KLBF
LAPD
LION
LMPI
LMSH
LPIN
MERK
MLBI
MLIA
MRAT
MYOR
MYRX
MYTX
NIPS
PAFI
PICO
PLAS
PRAS

2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005

1.1451
1.4123
0.7989
0.8565
0.6902
0.6131
2.6212
3.2370
0.8164
0.5679
0.9297
0.5578
2.6693
2.4348
1.7009
0.5181
0.8175
0.7501
0.9897
0.6984
0.9889
0.9024
4.5658
0.9106

2.5507
16.1707
0.6317
0.3037
0.3498
0.3344
4.2086
6.0047
0.7744
0.4173
0.8602
0.1703
3.0179
4.6224
-0.0765
0.4521
0.7023
0.4093
0.8166
0.3119
0.8885
0.5604
6.6813
0.6127

86.2069
8.7500
6.1538
3.2000
-2.6477
-11.2500
15.4688
-40.0168
5.4645
1.0764
4.4393
-0.9398
9.4332
12.1065
-0.2588
13.5000
13.6667
-8.3333
-1.1538
8.4967
-1.7949
18.3333
210.0000
16.8750

0.0177
-0.0428
-0.0176
-0.0464
0.0153
-0.0060
0.0349
0.0055
-0.0048
-0.0899
-0.0235
0.0045
-0.0089
0.1091
0.0012
-0.0042
0.0833
-0.0114
-0.0417
-0.0169
-0.0560
-0.0216
0.1232
0.0272

0.0155
-0.0303
-0.0221
-0.0542
0.0221
-0.0097
0.0133
0.0017
-0.0059
-0.1582
-0.0253
0.0081
-0.0033
0.0448
0.0007
-0.0081
0.1018
-0.0152
-0.0421
-0.0241
-0.0567
-0.0239
0.0270
0.0298

0.033655825
-0.455348412
-0.288765634
-0.566959694
0.059917651
-0.175849484
0.127756537
-0.066679268
-0.157383657
-1.201390593
-0.332607345
-0.052325657
-0.17084896
0.648661424
-0.099360921
-0.163736759
0.730229724
-0.226601246
-0.494395432
-0.29304672
-0.627455363
-0.319134587
0.624419025
0.150474774

-0.021036472
0.805210445
-0.409644414
-0.405159593
-0.487460349
-0.545591284
0.851863782
1.243875192
-0.38913229
-0.575559581
-0.325409007
-0.574095806
0.795573227
0.784942558
0.063810851
-0.569556429
-0.362816398
-0.461913045
-0.303496298
-0.482437203
-0.304147941
-0.344254742
2.304558274
-0.325726025

0.012619353
0.349862033
-0.698410048
-0.972119287
-0.427542698
-0.721440768
0.97962032
1.177195925
-0.546515947
-1.776950174
-0.658016351
-0.626421462
0.624724267
1.433603983
-0.03555007
-0.733293188
0.367413326
-0.688514291
-0.797891729
-0.775483923
-0.931603304
-0.663389329
2.928977298
-0.175251251

1
1
0
0
0
0
1
1
0
0
0
0
1
1
1
0
1
0
0
0
0
0
1
1

307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330

PSDN
RDTX
RICY
RMBA
SCCO
SHDA
SIMA
SIMM
SIPD
SMAR
SMCB
SMPL
SMSM
SOBI
SPMA
SQBI
SQMI
SRSN
SSTM
STTP
SUDI
SULI
TBLA
TBMS

2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005

1.1226
0.8029
0.7839
0.8887
0.9312
6.5750
0.5809
1.7700
0.9150
1.1740
1.2454
1.1591
1.0386
0.7731
0.8281
2.5768
0.3485
0.5965
1.0549
0.7233
3.3738
1.3795
0.8699
0.9637

1.4341
0.7562
0.6447
0.8159
0.8257
7.4175
0.3587
2.8568
0.8957
1.4148
1.9756
1.2859
1.0690
0.6025
0.4403
3.5701
0.2571
0.0046
1.2058
0.5980
-2.4445
3.2647
0.6311
0.6668

0.9756
10.1220
4.3679
7.8809
3.9815
22.9997
6.9240
-10.4942
-4.7244
6.8345
-10.7955
-33.7838
6.6304
5.7576
22.5000
44.1176
-3.5419
26.6497
-5.7500
18.4729
-8.7188
800.0000
51.9481
-3.5219

0.1937
0.1368
0.2262
-0.0162
-0.0160
-0.0133
-0.0368
-0.0431
-0.0263
0.0515
-0.0421
0.0404
0.0036
-0.0553
0.0090
0.0520
-0.0360
0.0928
-0.0250
-0.0222
-0.0485
0.0539
0.0435
0.0054

0.1725
0.1704
0.2885
-0.0183
-0.0172
-0.0020
-0.0633
-0.0243
-0.0288
0.0439
-0.0338
0.0348
0.0034
-0.0716
0.0108
0.0202
-0.1033
0.1557
-0.0237
-0.0307
-0.0144
0.0391
0.0500
0.0056

1.598060463
1.282902841
2.219765521
-0.26688459
-0.260991846
-0.193382302
-0.55088446
-0.43210145
-0.359739365
0.336905745
-0.463103193
0.248377868
-0.076648464
-0.682227364
-0.021449972
0.241850262
-0.699151151
0.987267909
-0.332977272
-0.348507659
-0.424507686
0.209734502
0.3106354
-0.05692282

-0.131274902
-0.358101468
-0.358309565
-0.346193276
-0.325020826
3.280424627
-0.553072698
0.246240556
-0.341082692
-0.133757446
-0.102093345
-0.190322092
-0.24273614
-0.435748077
-0.381749079
0.822112135
-0.700320437
-0.513917961
-0.244640071
-0.444220362
0.864343714
0.830024626
-0.31100251
-0.316999124

1.466785562
0.924801373
1.861455956
-0.613077865
-0.586012673
3.087042325
-1.103957158
-0.185860894
-0.700822058
0.203148299
-0.565196538
0.058055776
-0.319384604
-1.117975441
-0.403199051
1.063962397
-1.399471588
0.473349948
-0.577617343
-0.792728021
0.439836027
1.039759129
-0.00036711
-0.373921944

1