Pengaruh Profitabilitas, Kebijakan Hutang, Kebijakan Dividen, Keputusan Investasi, dan Insider Ownership Terhadap Nilai Perusahaan
Lampiran 1:
Daftar Populasi dan Sampel Perusahaan Manufaktur Tahun 2009 - 2012
No
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30
31
32
33
Kode
INTP
SMCB
SMGR
AMFG
ARNA
IKAI
KIAS
MLIA
TOTO
ALKA
ALMI
BTON
CTBN
GDST
INAI
BAJA
JKSW
JPRS
KRAS
LION
LMSH
NIKL
PICO
TBMS
BRPT
BUDI
DPNS
EKAD
ETWA
INCI
SOBI
SRSN
TPIA
Nama
Indocement Tunggal Prakarsa Tbk
Holcim Indonesia Tbk
Semen Indonesia (Persero) Tbk
Asahimas Flat Glass Tbk
Arwana Citramulia Tbk
Intikeramik Alamasri Industri Tbk
Keramika Indonesia Assosiasi Tbk
Mulia Industrindo Tbk
Surya Toto Indonesia Tbk
Alakasa Industrindo Tbk
Alumindo Light Metal Industry Tbk
Betonjaya Manunggal Tbk
Citra Tubindo Tbk
Gunawan Dianjaya Steel Tbk
Indal Aluminium Industry Tbk
Sarana Central Bajatama
Jakarta Kyoei Steel Works Tbk
Jaya Pari Steel Tbk
Krakatau Steel (Persero) Tbk
Lion Metal Works Tbk
Lionmesh Prima Tbk
Pelat Timah Nusantara Tbk
Pelangi Indah Canindo Tbk
Tembaga Mulia Semanan Tbk
Barito Pacific Tbk
Budi Acid Jaya Tbk
Duta Pertiwi Nusantara Tbk
Ekadharma International Tbk
Eterindo Wahanatama Tbk
Intanwijaya Internasional Tbk
Sorini Agro Asia Corporindo Tbk
Indo Acidatama Tbk
Chandra Asri Petrochemical Tbk
Universitas Sumatera Utara
No
34
35
36
37
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39
40
41
42
43
44
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46
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54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
Kode
UNIC
AKKU
AKPI
APLI
BRNA
FPNI
IGAR
IPOL
SIAP
SIMA
TRST
YPAS
CPIN
JPFA
MAIN
SIPD
SULI
TIRT
ALDO
FASW
INKP
INRU
KBRI
SAIP
SPMA
TKIM
ASII
AUTO
BRAM
GDYR
GJTL
IMAS
INDS
LPIN
MASA
NIPS
PRAS
SMSM
ADMG
Nama
Unggul Indah Cahaya Tbk
Alam Karya Unggul Tbk
Argha Karya Prima Ind. Tbk
Asiaplast Industries Tbk
Berlina Tbk
Titan Kimia Nusantara Tbk
Champion Pacific Indonesia Tbk
Indopoly Swakarsa Industry Tbk
Sekawan Intipratama Tbk
Siwani Makmur Tbk
Trias Sentosa Tbk
Yanaprima Hastapersada Tbk
Charoen Pokphand Indonesia Tbk
JAPFA Comfeed Indonesia Tbk
Malindo Feedmill Tbk
Sierad Produce Tbk
Sumalindo Lestari Jaya Tbk
Tirta Mahakam Resources Tbk
Alkindo Naratama Tbk
Fajar Surya Wisesa Tbk
Indah Kiat Pulp & Paper Tbk
Toba Pulp Lestari Tbk
Kertas Basuki Rachmat Indonesia Tbk
Surabaya Agung Industry Pulp Tbk
Suparma Tbk
Pabrik Kertas Tjiwi Kimia Tbk
Astra International Tbk
Astra Otoparts Tbk
Indo Kordsa Tbk
Goodyear Indonesia Tbk
Gajah Tunggal Tbk
Indomobil Sukses Internasional Tbk
Indospring Tbk
Multi Prima Sejahtera Tbk
Multistrada Arah Sarana Tbk
Nipress Tbk
Prima Alloy Steel Universal Tbk
Selamat Sempurna Tbk
Polychem Indonesia Tbk
Universitas Sumatera Utara
No
73
74
75
76
77
78
79
80
81
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91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
Kode
ARGO
CNTX
ERTX
HDTX
INDR
KARW
MYTX
PAFI
PBRX
POLY
RICY
SSTM
TRIS
UNIT
UNTX
ESTI
STAR
TFCO
BATA
BIMA
SIMM
IKBI
JECC
KBLI
KBLM
SCCO
VOKS
PTSN
ADES
AISA
ALTO
CEKA
DAVO
DLTA
ICBP
INDF
MLBI
MYOR
PSDN
Nama
Argo Pantes Tbk
Centex Tbk
Eratex Djaja Tbk
Panasia Indo Resources Tbk
Indorama Synthetics Tbk
Ictsi Jasa Prima Tbk
APAC Citra Centertex Tbk
Panasia Filament Inti Tbk
Pan Brothers Tbk
Asia Pacific Fibers Tbk. Tbk
Ricky Putra Globalindo Tbk
Sunson Textile Manufacturer Tbk
Trisula International Tbk
Nusantara Inti Corpora Tbk
Unitex Tbk
Ever shine Textile Industry
Star Petrochem
Tifico Fiber indonesia
Sepatu Bata Tbk
Primarindo Asia Infrastructure Tbk
Surya Intrindo Makmur Tbk
Sumi Indo Kabel Tbk
Jembo Cable Company Tbk
KMI Wire and Cable Tbk Tbk
Kabelindo Murni Tbk
Supreme Cable Manufacturing Corporation Tbk
Voksel Electric Tbk
Sat Nusapersada Tbk
Akasha Wira International Tbk Tbk
Tiga Pilar Sejahtera Food Tbk
Tri Banyan Tirta Tbk
Cahaya Kalbar Tbk
Davomas Abadi Tbk
Delta Djakarta Tbk
Indofood CBP Sukses Makmur Tbk
Indofood Sukses Makmur Tbk
Multi Bintang Indonesia Tbk
Mayora Indah Tbk
Prasidha Aneka Niaga Tbk
Universitas Sumatera Utara
No
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113
114
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128
129
130
131
132
133
134
135
136
Kode
ROTI
SKBM
SKLT
STTP
ULTJ
GGRM
HMSP
RMBA
WIIM
DVLA
INAF
KAEF
KLBF
MERK
PYFA
SCPI
SQBB
TSPC
MBTO
MRAT
TCID
UNVR
KDSI
KICI
LMPI
Nama
Nippon Indosari Corpindo Tbk
Sekar Bumi
Sekar Laut Tbk
Siantar Top Tbk
Ultra Jaya Milk Industry Tbk
Gudang Garam Tbk
HM Sampoerna Tbk
Bentoel International Investama Tbk
WiamilK Inti Makmur
Darya-Varia Laboratoria Tbk
Indofarma Tbk
Kimia Farma (Persero) Tbk
Kalbe Farma Tbk
Merck Tbk
Pyridam Farma Tbk
Schering Plough Indonesia Tbk
Taisho Pharmaceutical Indonesia Tbk
Tempo Scan Pacific Tbk
Martina Berto Tbk
Mustika Ratu Tbk
Mandom Indonesia Tbk
Unilever Indonesia Tbk
Kedawung Setia Industrial Tbk
Kedaung Indah Can Tbk
Langgeng Makmur Industri Tbk
Universitas Sumatera Utara
Lampiran 2:
Daftar Penentuan 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
Kode
INTP
SMCB
SMGR
AMFG
ARNA
IKAI
KIAS
MLIA
TOTO
ALKA
ALMI
BTON
CTBN
GDST
INAI
BAJA
JKSW
JPRS
KRAS
LION
LMSH
NIKL
PICO
TBMS
BRPT
BUDI
DPNS
EKAD
ETWA
INCI
SOBI
SRSN
TPIA
Nama
Indocement Tunggal Prakarsa Tbk
Holcim Indonesia Tbk
Semen Indonesia (Persero) Tbk
Asahimas Flat Glass Tbk
Arwana Citramulia Tbk
Intikeramik Alamasri Industri Tbk
Keramika Indonesia Assosiasi Tbk
Mulia Industrindo Tbk
Surya Toto Indonesia Tbk
Alakasa Industrindo Tbk
Alumindo Light Metal Industry Tbk
Betonjaya Manunggal Tbk
Citra Tubindo Tbk
Gunawan Dianjaya Steel Tbk
Indal Aluminium Industry Tbk
Sarana Central Bajatama
Jakarta Kyoei Steel Works Tbk
Jaya Pari Steel Tbk
Krakatau Steel (Persero) Tbk
Lion Metal Works Tbk
Lionmesh Prima Tbk
Pelat Timah Nusantara Tbk
Pelangi Indah Canindo Tbk
Tembaga Mulia Semanan Tbk
Barito Pacific Tbk
Budi Acid Jaya Tbk
Duta Pertiwi Nusantara Tbk
Ekadharma International Tbk
Eterindo Wahanatama Tbk
Intanwijaya Internasional Tbk
Sorini Agro Asia Corporindo Tbk
Indo Acidatama Tbk
Chandra Asri Petrochemical Tbk
Kriteria
1
2
Sampel
3
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1
5
6
7
Universitas Sumatera Utara
No Kode
34 UNIC
35 AKKU
36 AKPI
37 APLI
38 BRNA
39 FPNI
40 IGAR
41 IPOL
42 SIAP
43 SIMA
44 TRST
45 YPAS
46 CPIN
47 JPFA
48 MAIN
49 SIPD
50 SULI
51 TIRT
52 ALDO
53 FASW
54 INKP
55 INRU
56 KBRI
57 SAIP
58 SPMA
59 TKIM
60
ASII
61 AUTO
62 BRAM
63 GDYR
64 GJTL
65 IMAS
66 INDS
67 LPIN
Nama
Unggul Indah Cahaya Tbk
Alam Karya Unggul Tbk
Argha Karya Prima Ind. Tbk
Asiaplast Industries Tbk
Berlina Tbk
Titan Kimia Nusantara Tbk
Champion Pacific Indonesia Tbk
Indopoly Swakarsa Industry Tbk
Sekawan Intipratama Tbk
Siwani Makmur Tbk
Trias Sentosa Tbk
Yanaprima Hastapersada Tbk
Charoen Pokphand Indonesia Tbk
JAPFA Comfeed Indonesia Tbk
Malindo Feedmill Tbk
Sierad Produce Tbk
Sumalindo Lestari Jaya Tbk
Tirta Mahakam Resources Tbk
Alkindo Naratama Tbk
Fajar Surya Wisesa Tbk
Indah Kiat Pulp & Paper Tbk
Toba Pulp Lestari Tbk
Kertas Basuki Rachmat Indonesia Tbk
Surabaya Agung Industry Pulp Tbk
Suparma Tbk
Pabrik Kertas Tjiwi Kimia Tbk
Astra International Tbk
Astra Otoparts Tbk
Indo Kordsa Tbk
Goodyear Indonesia Tbk
Gajah Tunggal Tbk
Indomobil Sukses Internasional Tbk
Indospring Tbk
Multi Prima Sejahtera Tbk
1
Kriteria
2
3
Sampel
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13
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15
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16
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─
8
9
10
11
12
Universitas Sumatera Utara
No
Kode
68 MASA
69
NIPS
70
PRAS
71 SMSM
72 ADMG
73 ARGO
74 CNTX
75 ERTX
76 HDTX
77
INDR
78 KARW
79 MYTX
80
PAFI
81 PBRX
82 POLY
83
RICY
84 SSTM
85
TRIS
86
UNIT
87 UNTX
88
ESTI
89 STAR
90 TFCO
91 BATA
92 BIMA
93 SIMM
94
IKBI
95
JECC
96
KBLI
97 KBLM
98 SCCO
99 VOKS
100 PTSN
101 ADES
Nama
Multistrada Arah Sarana Tbk
Nipress Tbk
Prima Alloy Steel Universal Tbk
Selamat Sempurna Tbk
Polychem Indonesia Tbk
Argo Pantes Tbk
Centex Tbk
Eratex Djaja Tbk
Panasia Indo Resources Tbk
Indorama Synthetics Tbk
Ictsi Jasa Prima Tbk
APAC Citra Centertex Tbk
Panasia Filament Inti Tbk
Pan Brothers Tbk
Asia Pacific Fibers Tbk. Tbk
Ricky Putra Globalindo Tbk
Sunson Textile Manufacturer Tbk
Trisula International Tbk
Nusantara Inti Corpora Tbk
Unitex Tbk
Ever shine Textile Industry
Star Petrochem
Tifico Fiber indonesia
Sepatu Bata Tbk
Primarindo Asia Infrastructure Tbk
Surya Intrindo Makmur Tbk
Sumi Indo Kabel Tbk
Jembo Cable Company Tbk
KMI Wire and Cable Tbk Tbk
Kabelindo Murni Tbk
Supreme Cable Manufacturing Corporation Tbk
Voksel Electric Tbk
Sat Nusapersada Tbk
Akasha Wira International Tbk Tbk
Kriteria
1
2
3
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Universitas Sumatera Utara
Sampel
17
18
19
No
Kode
Kriteria
Nama
Sampel
102
103
104
105
106
AISA
ALTO
CEKA
DAVO
DLTA
Tiga Pilar Sejahtera Food Tbk
Tri Banyan Tirta Tbk
Cahaya Kalbar Tbk
Davomas Abadi Tbk
Delta Djakarta Tbk
1
√
√
√
√
√
2
─
─
√
√
√
3
─
─
─
─
√
20
107
108
109
110
ICBP
INDF
MLBI
MYOR
Indofood CBP Sukses Makmur Tbk
Indofood Sukses Makmur Tbk
Multi Bintang Indonesia Tbk
Mayora Indah Tbk
√
√
√
√
√
√
√
√
─
√
√
√
21
22
23
111
PSDN
Prasidha Aneka Niaga Tbk
√
─
─
112
113
114
115
116
ROTI
SKBM
SKLT
STTP
ULTJ
Nippon Indosari Corpindo Tbk
Sekar Bumi
Sekar Laut Tbk
Siantar Top Tbk
Ultra Jaya Milk Industry Tbk
√
√
√
√
√
√
─
√
√
√
─
─
─
─
─
117
118
119
GGRM
HMSP
RMBA
Gudang Garam Tbk
HM Sampoerna Tbk
Bentoel International Investama Tbk
√
√
√
√
─
√
√
─
─
120
121
122
123
124
125
126
127
WIIM
DVLA
INAF
KAEF
KLBF
MERK
PYFA
SCPI
WiamilK Inti Makmur
Darya-Varia Laboratoria Tbk
Indofarma Tbk
Kimia Farma (Persero) Tbk
Kalbe Farma Tbk
Merck Tbk
Pyridam Farma Tbk
Schering Plough Indonesia Tbk
√
√
√
√
√
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─
√
─
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√
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─
√
─
√
√
√
─
√
√
─
128
129
130
131
132
133
134
135
136
SQBB
TSPC
MBTO
MRAT
TCID
UNVR
KDSI
KICI
LMPI
Taisho Pharmaceutical Indonesia Tbk
Tempo Scan Pacific Tbk
Martina Berto Tbk
Mustika Ratu Tbk
Mandom Indonesia Tbk
Unilever Indonesia Tbk
Kedawung Setia Industrial Tbk
Kedaung Indah Can Tbk
Langgeng Makmur Industri Tbk
√
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Universitas Sumatera Utara
24
25
26
27
28
29
30
31
32
Lampiran 3:
Daftar Sampel Perusahaan Manufaktur Tahun 2009 – 2012
No
Kode
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
INTP
SMGR
AMFG
ARNA
TOTO
CTBN
EKAD
UNIC
BRNA
IGAR
TRST
MAIN
ASII
AUTO
BRAM
GDYR
SMSM
BATA
SCCO
DLTA
INDF
MLBI
MYOR
GGRM
DVLA
KAEF
KLBF
MERK
SQBB
TSPC
MRAT
UNVR
Nama
Indocement Tunggal Prakarsa Tbk
Semen Indonesia (Persero) Tbk
Asahimas Flat Glass Tbk
Arwana Citramulia Tbk
Surya Toto Indonesia Tbk
Citra Tubindo Tbk
Ekadharma International Tbk
Unggul Indah Cahaya Tbk
Berlina Tbk
Champion Pacific Indonesia Tbk
Trias Sentosa Tbk
Malindo Feedmill Tbk
Astra International Tbk
Astra Otoparts Tbk
Indo Kordsa Tbk
Goodyear Indonesia Tbk
Selamat Sempurna Tbk
Sepatu Bata Tbk
Supreme Cable Manufacturing Corporation Tbk
Delta Djakarta Tbk
Indofood Sukses Makmur Tbk
Multi Bintang Indonesia Tbk
Mayora Indah Tbk
Gudang Garam Tbk
Darya-Varia Laboratoria Tbk
Kimia Farma (Persero) Tbk
Kalbe Farma Tbk
Merck Tbk
Taisho Pharmaceutical Indonesia Tbk
Tempo Scan Pacific Tbk
Mustika Ratu Tbk
Unilever Indonesia Tbk
Universitas Sumatera Utara
Lampiran 4:
Daftar Return On Assets (ROA) Tahun 2009 – 2012 berdasarkan kriteria
No
1
Kode
INTP
Return On Asset (ROA)
Nama
2009
2010
2011
2012
Indocement Tunggal Prakarsa Tbk
0,2069
0.2101
0.1984
0.2093
2
SMGR
Semen Indonesia (Persero) Tbk
0.2568
0.2335
0.2014
0.1853
3
AMFG
Asahimas Flat Glass Tbk
0,0341
0.1395
0.1252
0,0882
4
ARNA
Arwana Citramulia Tbk
0.0777
0.0905
0.1154
0.1693
5
TOTO
Surya Toto Indonesia Tbk
0.1809
0.1775
0.1633
0.1347
6
CTBN
Citra Tubindo Tbk
0.0712
0.0671
0.2926
0.1116
7
EKAD
Ekadharma International Tbk
0.0996
0.1197
0.1168
0.1453
8
UNIC
Unggul Indah Cahaya Tbk
0.0175
0.0148
0.1164
0.0162
9
BRNA
Berlina Tbk
0.0399
0.0631
0.0737
0.0459
10
IGAR
Champion Pacific Indonesia Tbk
0.0778
0.0925
0.1556
0.1425
11
TRST
Trias Sentosa Tbk
0.0749
0.0674
0.0675
0.0252
12
MAIN
Malindo Feedmill Tbk
0.0858
0.1862
0.1544
0.1478
13
ASII
Astra International Tbk
0.1129
0.1273
0.1391
0.1232
14
AUTO
Astra Otoparts Tbk
0.1654
0.2043
0.1588
0.1212
15
BRAM
Indo Kordsa Tbk
0.0534
0.0899
0.0331
0.0793
16
GDYR
Goodyear Indonesia Tbk
0.1074
0.0581
0.0314
0.0465
17
SMSM
Selamat Sempurna Tbk
0.1411
0.1410
0.1929
0.0361
18
BATA
Sepatu Bata Tbk
0.1272
0.1259
0.1096
0.0929
19
SCCO
Supreme Cable Manufacturing Corporation Tbk
0.0465
0.0525
0.0754
0.0951
20
DLTA
Delta Djakarta Tbk
0.1664
0.1970
0.2179
0.2234
21
INDF
Indofood Sukses Makmur Tbk
0.0514
0.0625
0.0936
0.0673
22
MLBI
Multi Bintang Indonesia Tbk
0.3427
0.3895
0.4156
0.3936
23
MYOR
Mayora Indah Tbk
0.1146
0.1100
0.0733
0.0669
24
GGRM
Gudang Garam Tbk
0.1269
0.1349
0.1268
0.0747
25
DVLA
Darya-Varia Laboratoria Tbk
0.0922
0.1298
0.1303
0.1014
26
KAEF
Kimia Farma (Persero) Tbk
0.0665
0.0837
0.0957
0.0968
27
KLBF
Kalbe Farma Tbk
0.1433
0.1829
0.1861
0.1448
28
MERK
Merck Tbk
0.3380
0.2732
0.3956
0.1893
29
SQBB
Taisho Pharmaceutical Indonesia Tbk
0.4116
0.2895
0.3319
0.2915
30
TSPC
Tempo Scan Pacific Tbk
0.1103
0.1362
0.1377
0.1244
31
MRAT
Mustika Ratu Tbk
0.0575
0.0632
0.0610
0.0432
32
UNVR
Unilever Indonesia Tbk
0.4067
0.3893
0.3973
0.2941
Universitas Sumatera Utara
Lampiran 5:
Daftar Debt to Equity Ratio (DER) Tahun 2009 – 2012 berdasarkan kriteria
No
1
Kode
INTP
Debt to Equity Ratio (DER)
Nama
2009
2010
2011
2012
Indocement Tunggal Prakarsa Tbk
0.2408
0.1717
0.1536
0.1718
2
SMGR
Semen Indonesia (Persero) Tbk
0.2582
0.2851
0.3453
0.4632
3
AMFG
Asahimas Flat Glass Tbk
0.2897
0.2874
0.2542
0.2596
4
ARNA
Arwana Citramulia Tbk
1.3849
1.1208
0.7209
0.5498
5
TOTO
Surya Toto Indonesia Tbk
0.9121
0.7300
0.7613
0.5824
6
CTBN
Citra Tubindo Tbk
0.8505
1.4339
0.6948
0.7392
7
EKAD
Ekadharma International Tbk
1.0962
0.7442
0.6092
0.5110
8
UNIC
Unggul Indah Cahaya Tbk
0.8116
0.8548
0.9634
0.8112
9
BRNA
Berlina Tbk
1.7024
1.6237
1.5302
1.6148
10
IGAR
Champion Pacific Indonesia Tbk
0.2931
0.2258
0.2237
0.2905
11
TRST
Trias Sentosa Tbk
0.6787
0.6394
0.6077
0.6934
12
MAIN
Malindo Feedmill Tbk
6.3471
2.7533
2.1478
1.7943
13
ASII
Astra International Tbk
1.0028
1.0985
1.0243
1.0295
14
AUTO
Astra Otoparts Tbk
0.3934
0.3840
0.4746
0.6192
15
BRAM
Indo Kordsa Tbk
0.2290
0.2646
0.3814
0.4168
16
GDYR
Goodyear Indonesia Tbk
1.7149
1.7623
1.7726
1.3722
17
SMSM
Selamat Sempurna Tbk
0.8000
0.9616
0.6953
0.7786
18
BATA
Sepatu Bata Tbk
0.3827
0.4608
0.4575
0.4998
19
SCCO
Supreme Cable Manufacturing Corporation Tbk
1.7698
1.7216
1.8033
1.3976
20
DLTA
Delta Djakarta Tbk
0.2725
0.1995
0.2151
0.2563
21
INDF
Indofood Sukses Makmur Tbk
2.4506
1.3359
0.6952
0.7131
22
MLBI
Multi Bintang Indonesia Tbk
8.4413
1.4127
1.3023
2.4926
23
MYOR
Mayora Indah Tbk
1.0260
1.1847
1.7220
1.7186
24
GGRM
Gudang Garam Tbk
0.4835
0.4445
0.5921
0.5922
25
DVLA
Darya-Varia Laboratoria Tbk
0.4121
0.3333
0.2753
0.3393
26
KAEF
Kimia Farma (Persero) Tbk
0.5700
0.4877
0.4325
0.4478
27
KLBF
Kalbe Farma Tbk
0.3925
0.2346
0.2699
0.2729
28
MERK
Merck Tbk
0.2253
0.1977
0.1825
0.3664
29
SQBB
Taisho Pharmaceutical Indonesia Tbk
0.2106
0.1895
0.1959
0.1942
30
TSPC
Tempo Scan Pacific Tbk
0.3403
0.3628
0.3954
0.3823
31
MRAT
Mustika Ratu Tbk
0.1555
0.1447
0.1787
0.1793
32
UNVR
Unilever Indonesia Tbk
1.0199
1.1500
1.8477
1.4330
Universitas Sumatera Utara
Lampiran 6:
Daftar Dividend Payout Ratio (DPR) Tahun 2009 – 2012 berdasarkan kriteria
No
Kode
Dividend Payout Ratio (DPR)
Nama
2009
2010
2011
2012
Indocement Tunggal Prakarsa Tbk
0.3016
0.3016
0.3002
0.2995
1
INTP
2
SMGR
Semen Indonesia (Persero) Tbk
0.4466
0.5036
0.4587
0.3985
3
AMFG
Asahimas Flat Glass Tbk
0.2580
0.0525
0.1030
0.1317
4
ARNA
Arwana Citramulia Tbk
0.1436
0.1625
0.2869
0.2313
5
TOTO
Surya Toto Indonesia Tbk
0.0948
0.1789
0.4530
0.0257
6
CTBN
Citra Tubindo Tbk
0.0823
0.4256
0.1410
0.7913
7
EKAD
Ekadharma International Tbk
0.1020
0.1370
0.2015
0.1218
8
UNIC
Unggul Indah Cahaya Tbk
0.3805
0.5448
0.1822
0.8545
9
BRNA
Berlina Tbk
0.5926
0.3454
0.2617
0.3765
10
IGAR
Champion Pacific Indonesia Tbk
0.1273
0.0980
1.8979
0.4718
11
TRST
Trias Sentosa Tbk
0.1952
0.3081
0.3900
0.9916
12
MAIN
Malindo Feedmill Tbk
0.2499
0.1319
0.7691
0.1586
13
ASII
Astra International Tbk
0.1169
0.2339
0.0125
0.2487
14
AUTO
Astra Otoparts Tbk
0.2951
0.4041
0.3662
2.1206
15
BRAM
Indo Kordsa Tbk
0.7801
0.4193
1.0231
0.3834
16
GDYR
Goodyear Indonesia Tbk
0.0762
0.1540
0.2754
0.1945
17
SMSM
Selamat Sempurna Tbk
0.6502
0.8614
0.3283
0.8432
18
BATA
Sepatu Bata Tbk
0.5295
0.2772
0.2828
0.3711
19
SCCO
Supreme Cable Manufacturing Corporation Tbk
0.3340
0.3045
0.3182
0.2058
20
DLTA
Delta Djakarta Tbk
0.4430
1.0901
1.1083
1.1735
21
INDF
Indofood Sukses Makmur Tbk
0.1988
0.2765
0.2327
0.3996
22
MLBI
Multi Bintang Indonesia Tbk
0.9995
1.0123
0.9996
0.3230
23
MYOR
Mayora Indah Tbk
0.1030
0.1584
0.2060
0.1929
24
GGRM
Gudang Garam Tbk
0.1949
0.3016
0.3415
0.6324
25
DVLA
Darya-Varia Laboratoria Tbk
0.3487
0.4545
0.2779
0.3243
26
KAEF
Kimia Farma (Persero) Tbk
0.2213
0.1353
0.1617
0.1708
27
KLBF
Kalbe Farma Tbk
0.1339
0.1974
0.4617
0.7617
28
MERK
Merck Tbk
0.2045
0.6732
0.4326
1.7183
29
SQBB
Taisho Pharmaceutical Indonesia Tbk
0.6004
0.9336
0.7046
0.8185
30
TSPC
Tempo Scan Pacific Tbk
0.4376
0.5063
0.7688
0.6009
31
MRAT
Mustika Ratu Tbk
0.2000
0.2000
0.5411
0.3700
32
UNVR
Unilever Indonesia Tbk
1.0001
1.0002
1.0004
0.6265
Universitas Sumatera Utara
Lampiran 7:
Daftar Price Earning Ratio (PER) Tahun 2009 – 2012 berdasarkan kriteria
No
1
Kode
INTP
Price Earning Ratio (PER)
Nama
2009
2010
2011
2012
Indocement Tunggal Prakarsa Tbk
28.8932
21.3773
19.4624
22.9468
2
SMGR
Semen Indonesia (Persero) Tbk
13.4624
15.4278
17.1479
19.0902
3
AMFG
Asahimas Flat Glass Tbk
11.9316
7.6055
8.4354
13.6635
4
ARNA
Arwana Citramulia Tbk
4.2804
6.7332
6.9816
18.9683
5
TOTO
Surya Toto Indonesia Tbk
0.2303
0.9969
1.1324
1.7104
6
CTBN
Citra Tubindo Tbk
18.6130
12.1277
5.2047
14.1089
7
EKAD
Ekadharma International Tbk
3.4002
4.6575
7.0511
6.0912
8
UNIC
Unggul Indah Cahaya Tbk
23.4124
20.7695
11.0400
18.9879
9
BRNA
Berlina Tbk
0.8174
1.2704
1.0292
2.9283
10
IGAR
Champion Pacific Indonesia Tbk
5.8998
6.8583
9.0150
8.8464
11
TRST
Trias Sentosa Tbk
4.2935
5.5453
7.6053
17.1046
12
MAIN
Malindo Feedmill Tbk
0.8032
1.2056
8.1045
15.0717
13
ASII
Astra International Tbk
1.3992
1.5372
1.4033
13.6989
14
AUTO
Astra Otoparts Tbk
1.1543
1.8854
11.8570
13.2536
15
BRAM
Indo Kordsa Tbk
9.0495
8.0502
17.5970
7.6677
16
GDYR
Goodyear Indonesia Tbk
3.2506
7.6976
10.5218
9.2001
17
SMSM
Selamat Sempurna Tbk
8.1274
10.2412
8.9297
70.9668
18
BATA
Sepatu Bata Tbk
8.8334
14.4124
12.6291
14.2276
19
SCCO
Supreme Cable Manufacturing Corporation Tbk
14.5831
6.5974
5.8496
5.8075
20
DLTA
Delta Djakarta Tbk
7.8481
13.7692
11.7686
27.2033
21
INDF
Indofood Sukses Makmur Tbk
15.0157
14.4960
8.0500
13.3568
22
MLBI
Multi Bintang Indonesia Tbk
10.9540
13.0797
14.9082
34.3882
23
MYOR
Mayora Indah Tbk
9.2692
17.0235
22.5778
29.6740
24
GGRM
Gudang Garam Tbk
11.9988
18.5621
24.0797
35.6020
25
DVLA
Darya-Varia Laboratoria Tbk
5.9275
11.8182
10.6521
17.3976
26
KAEF
Kimia Farma (Persero) Tbk
11.2889
6.3651
10.9926
20.4194
27
KLBF
Kalbe Farma Tbk
2.8425
5.1318
4.4852
8.4990
28
MERK
Merck Tbk
12.2154
18.1961
12.8397
31.5821
29
SQBB
Taisho Pharmaceutical Indonesia Tbk
0.7414
1.0504
0.8105
0.9541
30
TSPC
Tempo Scan Pacific Tbk
9.1261
15.7401
19.6048
29.8430
31
MRAT
Mustika Ratu Tbk
8.0448
11.3935
8.2988
11.1212
32
UNVR
Unilever Indonesia Tbk
27.6963
37.1705
34.4461
43.5427
Universitas Sumatera Utara
Lampiran 8:
Daftar Insider Ownership (INSD) Tahun 2009 – 2012 berdasarkan kriteria
No
1
Kode
INTP
Insider Ownership (D 1 )
Nama
2009
2010
2011
2012
Indocement Tunggal Prakarsa Tbk
0
0
1
1
2
SMGR
Semen Indonesia (Persero) Tbk
0
0
0
0
3
AMFG
Asahimas Flat Glass Tbk
0
0
0
0
4
ARNA
Arwana Citramulia Tbk
0
0
0
0
5
TOTO
Surya Toto Indonesia Tbk
0
0
0
0
6
CTBN
Citra Tubindo Tbk
1
1
1
1
7
EKAD
Ekadharma International Tbk
0
0
0
0
8
UNIC
Unggul Indah Cahaya Tbk
1
1
1
1
9
BRNA
Berlina Tbk
1
1
1
1
10
IGAR
Champion Pacific Indonesia Tbk
1
0
0
0
11
TRST
Trias Sentosa Tbk
0
0
1
1
12
MAIN
Malindo Feedmill Tbk
0
1
1
1
13
ASII
Astra International Tbk
1
1
1
1
14
AUTO
Astra Otoparts Tbk
1
1
1
1
15
BRAM
Indo Kordsa Tbk
1
1
1
1
16
GDYR
Goodyear Indonesia Tbk
0
0
0
0
17
SMSM
Selamat Sempurna Tbk
1
1
1
1
18
BATA
Sepatu Bata Tbk
0
0
1
1
19
SCCO
Supreme Cable Manufacturing Corporation Tbk
0
0
0
0
20
DLTA
Delta Djakarta Tbk
0
0
0
0
21
INDF
Indofood Sukses Makmur Tbk
1
1
1
1
22
MLBI
Multi Bintang Indonesia Tbk
0
0
0
0
23
MYOR
Mayora Indah Tbk
0
0
0
0
24
GGRM
Gudang Garam Tbk
1
1
1
1
25
DVLA
Darya-Varia Laboratoria Tbk
0
0
0
0
26
KAEF
Kimia Farma (Persero) Tbk
1
1
1
1
27
KLBF
Kalbe Farma Tbk
1
1
1
1
28
MERK
Merck Tbk
0
0
1
1
29
SQBB
Taisho Pharmaceutical Indonesia Tbk
0
0
0
0
30
TSPC
Tempo Scan Pacific Tbk
1
1
1
1
31
MRAT
Mustika Ratu Tbk
1
1
0
0
32
UNVR
Unilever Indonesia Tbk
1
1
1
1
Universitas Sumatera Utara
Lampiran 9:
Daftar Price Book Value (PBV) Tahun 2009 – 2012 berdasarkan kriteria
No
1
Kode
INTP
Price Book Value (PBV)
Nama
2009
2010
2011
2012
Indocement Tunggal Prakarsa Tbk
0.0472
0.0449
0.0399
0.0459
2
SMGR
Semen Indonesia (Persero) Tbk
0.0439
0.0467
0.0465
0.0637
3
AMFG
Asahimas Flat Glass Tbk
0.0053
0.0137
0.0133
0.0152
4
ARNA
Arwana Citramulia Tbk
0.0080
0.0130
0.0139
0.0535
5
TOTO
Surya Toto Indonesia Tbk
0.0080
0.0306
0.0326
0.0365
6
CTBN
Citra Tubindo Tbk
0.0247
0.0199
0.0258
0.0274
7
EKAD
Ekadharma International Tbk
0.0101
0.0134
0.0149
0.0173
8
UNIC
Unggul Indah Cahaya Tbk
0.0075
0.0058
0.0059
0.0056
9
BRNA
Berlina Tbk
0.0046
0.0110
0.0096
0.0167
10
IGAR
Champion Pacific Indonesia Tbk
0.0070
0.0092
0.0172
0.0157
11
TRST
Trias Sentosa Tbk
0.0054
0.0061
0.0083
0.0073
12
MAIN
Malindo Feedmill Tbk
0.0253
0.0420
0.0394
0.0623
13
ASII
Astra International Tbk
0.0352
0.0448
0.0395
0.0368
14
AUTO
Astra Otoparts Tbk
0.0138
0.0279
0.0278
0.0273
15
BRAM
Indo Kordsa Tbk
0.0066
0.0101
0.0081
0.0086
16
GDYR
Goodyear Indonesia Tbk
0.0095
0.0123
0.0092
0.0102
17
SMSM
Selamat Sempurna Tbk
0.0217
0.0297
0.0292
0.0456
18
BATA
Sepatu Bata Tbk
0.0155
0.0265
0.0202
0.0198
19
SCCO
Supreme Cable Manufacturing Corporation Tbk
0.0072
0.0095
0.0124
0.0132
20
DLTA
Delta Djakarta Tbk
0.0168
0.0333
0.0312
0.0763
21
INDF
Indofood Sukses Makmur Tbk
0.0307
0.0255
0.0128
0.0154
22
MLBI
Multi Bintang Indonesia Tbk
0.3545
0.1229
0.1426
0.3947
23
MYOR
Mayora Indah Tbk
0.0218
0.0414
0.0451
0.0540
24
GGRM
Gudang Garam Tbk
0.0227
0.0363
0.0486
0.0423
25
DVLA
Darya-Varia Laboratoria Tbk
0.0154
0.0205
0.0177
0.0236
26
KAEF
Kimia Farma (Persero) Tbk
0.0071
0.0079
0.0151
0.0297
27
KLBF
Kalbe Farma Tbk
0.0306
0.0614
0.0530
0.0783
28
MERK
Merck Tbk
0.0505
0.0595
0.0601
0.0820
29
SQBB
Taisho Pharmaceutical Indonesia Tbk
0.0037
0.0036
0.0032
0.0033
30
TSPC
Tempo Scan Pacific Tbk
0.0136
0.0295
0.0377
0.0513
31
MRAT
Mustika Ratu Tbk
0.0053
0.0082
0.0060
0.0057
32
UNVR
Unilever Indonesia Tbk
0.2277
0.3112
0.3897
0.3116
Universitas Sumatera Utara
Lampiran 10:
Tabel Jadwal Kegiatan Penelitian
No
Daftar Kegiatan
1
2
3
4
5
6
Pembuatan dan Pengajuan
Proposal
Bimbingan Proposal
Kolokium
Bimbingan Tesis
Seminar Hasil
Sidang Akhir Tesis
2013
2014
Ags Sep Okt Nov Des Jan Feb Mar Apr
Universitas Sumatera Utara
Mei
Lampiran 11:
Hasil Olahan SPSS
Tabel 5.1. Descriptive Statistics (Sebelum Trimming) Variabel Penelitian
Std.
N Minimum Maximum
Mean
Deviation
PROFITABILITAS
128
,0148
,4156
,143895
,0961004
KEBIJAKAN HUTANG
128
,1447
8,4413
,861470
1,0172947
KEBIJAKAN DIVIDEN
128
,2303 70,9668 12,395555 10,2129806
KEPUTUSAN
128
,0125
2,1206
,439429
,3624238
INVESTASI
INSIDER OWNERSHIP
128
0
1
,52
,502
NILAI PERUSAHAAN
128
,0032
,3947
,041082
,0695318
Valid N (listwise)
128
Tabel 5.2. Descriptive Statistics (Setelah di Trimming) Variabel Penelitian
Std.
N Minimum Maximum
Mean
Deviation
PROFITABILITAS
73
,0148
,2926
,117144
,0613882
KEBIJAKAN HUTANG 73
,1536
6,3471
,876370
,8484497
KEBIJAKAN DIVIDEN 73
,2303
70,9668 10,472797
9,7866032
KEPUTUSAN
73
,0125
2,1206
,384164
,3605581
INVESTASI
INSIDER OWNERSHIP 73
0
1
,52
,503
NILAI PERUSAHAAN 73
,0046
,0637
,022340
,0154497
Valid N (listwise)
73
Universitas Sumatera Utara
Tabel 5.3. Uji Normalitas Data One-Sample KolmogorovSmirnov Test (Sebelum Trimming)
Unstandardized
Residual
N
128
a,b
Normal Parameters
Mean
,0000000
Std. Deviation
,03514469
Most Extreme Differences Absolute
,124
Positive
,124
Negative
-,102
Kolmogorov-Smirnov Z
1,408
Asymp. Sig. (2-tailed)
,038
a. Test distribution is Normal.
b. Calculated from data.
Universitas Sumatera Utara
Tabel 5.4. Uji normalitas data One-Sample Kolmogorov-Smirnov
Test (Setelah Trimming)
Unstandardized
Residual
N
73
a,b
Normal Parameters
Mean
,0000000
Std. Deviation
,00901108
Most Extreme
Absolute
,158
Differences
Positive
,158
Negative
-,131
Kolmogorov-Smirnov Z
1,352
Asymp. Sig. (2-tailed)
,052
a. Test distribution is Normal.
b. Calculated from data.
Coefficientsa
Collinearity Statistics
Tolerance
VIF
Model
1 (Constant)
PROFITABILITAS
,857
KEBIJAKAN HUTANG
,992
KEBIJAKAN DIVIDEN
,873
KEPUTUSAN INVESTASI
,817
INSIDER OWNERSHIP
,923
a. Dependent Variable: NILAI PERUSAHAAN
1,166
1,008
1,145
1,225
1,084
Coefficientsa
Collinearity Statistics
Tolerance
VIF
Model
1 (Constant)
PROFITABILITAS
,906
KEBIJAKAN HUTANG
,873
KEBIJAKAN DIVIDEN
,865
KEPUTUSAN INVESTASI
,868
INSIDER OWNERSHIP
,918
a. Dependent Variable: NILAI PERUSAHAAN
1,104
1,145
1,156
1,152
1,089
Universitas Sumatera Utara
Model Summaryb
DurbinWatson
R
Adjusted R Std. Error of
Model
R
Square
Square
the Estimate
a
1
,863
,745
,734
,0358576
1,088
a. Predictors: (Constant), INSIDER OWNERSHIP, KEBIJAKAN HUTANG,
KEPUTUSAN INVESTASI, KEBIJAKAN DIVIDEN, PROFITABILITAS
Tabel 5.8. Uji Autokorelasi - Runs Test (Sebelum Trimming)
a
Test Value
Cases < Test Value
Cases >= Test Value
Total Cases
Number of Runs
Z
Asymp. Sig. (2-tailed)
a. Median
Unstandardized Residual
,00198
64
64
128
34
-5,502
,000
Model Summaryb
DurbinWatson
Adjusted R Std. Error of
Model
R
R Square
Square
the Estimate
a
1
,812
,660
,634
,0093413
1,401
a. Predictors: (Constant), INSIDER OWNERSHIP, KEBIJAKAN HUTANG,
PROFITABILITAS, KEPUTUSAN INVESTASI KEBIJAKAN DIVIDEN
b. Dependent Variable: NILAI PERUSAHAAN
Tabel 5.10. Uji Autokorelasi - Runs Test (Setelah Trimming)
Unstandardized Residual
a
Test Value
-,00156
Cases < Test Value
36
Cases >= Test Value
37
Total Cases
73
Number of Runs
38
Z
,119
Asymp. Sig. (2-tailed)
,905
Universitas Sumatera Utara
Tabel 5. 11 Persamaan Regresi Setelah Trimming (Coefficientsa)
Standardiz
Unstandardized
ed
Coefficients
Coefficients
Std.
Model
B
Error
Beta
t
Sig.
1
(Constant)
-,013
,004
-3,421
,001
PROFITABILITAS
,194
,019
,772 10,315
,000
KEBIJAKAN HUTANG
,005
,001
,262 3,434
,001
KEBIJAKAN DIVIDEN
,001
,000
,459 5,997
,000
KEPUTUSAN INVESTASI
-,002
,003
-,049 -,639
,525
INSIDER OWNERSHIP
,003
,002
,104 1,404
,165
a. Dependent Variable: NILAI PERUSAHAAN
Tabel 5.12. Uji Statistik F (Setelah Trimming) (ANOVAb)
Model
Sum of Squares
df
Mean Square
F
1
Regression
,011
5
,002 25,990
Residual
,006
67
,000
Total
,017
72
Dependent Variable: NILAI PERUSAHAAN
Sig.
,000a
Universitas Sumatera Utara
Tabel 5.13. Uji Statistik t (Setelah Trimming) (Coefficientsa)
Unstandardized
Standardized
Coefficients
Coefficients
Std.
Model
B
Error
Beta
t
1 (Constant)
-,013
,004
-3,421
PROFITABILITAS
,194
,019
,772 10,315
KEBIJAKAN HUTANG
,005
,001
,262 3,434
KEBIJAKAN DIVIDEN
,001
,000
,459 5,997
KEPUTUSAN INVESTASI
-,002
,003
-,049 -,639
INSIDER OWNERSHIP
,003
,002
,104 1,404
a. Dependent Variable: NILAI PERUSAHAAN
Tabel 5.14. Koefisien Determinasi (Model Summaryb)
Adjusted R Std. Error of
Model
R
R Square
Square
the Estimate
a
1
,812
,660
,634
,0093413
a. Predictors: (Constant), INSIDER OWNERSHIP, KEBIJAKAN HUTANG,
PROFITABILITAS, KEPUTUSAN INVESTASI, KEBIJAKAN DIVIDEN
b. Dependent Variable: NILAI PERUSAHAAN
Universitas Sumatera Utara
Sig.
,001
,000
,001
,000
,525
,165
Daftar Populasi dan Sampel Perusahaan Manufaktur Tahun 2009 - 2012
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
Kode
INTP
SMCB
SMGR
AMFG
ARNA
IKAI
KIAS
MLIA
TOTO
ALKA
ALMI
BTON
CTBN
GDST
INAI
BAJA
JKSW
JPRS
KRAS
LION
LMSH
NIKL
PICO
TBMS
BRPT
BUDI
DPNS
EKAD
ETWA
INCI
SOBI
SRSN
TPIA
Nama
Indocement Tunggal Prakarsa Tbk
Holcim Indonesia Tbk
Semen Indonesia (Persero) Tbk
Asahimas Flat Glass Tbk
Arwana Citramulia Tbk
Intikeramik Alamasri Industri Tbk
Keramika Indonesia Assosiasi Tbk
Mulia Industrindo Tbk
Surya Toto Indonesia Tbk
Alakasa Industrindo Tbk
Alumindo Light Metal Industry Tbk
Betonjaya Manunggal Tbk
Citra Tubindo Tbk
Gunawan Dianjaya Steel Tbk
Indal Aluminium Industry Tbk
Sarana Central Bajatama
Jakarta Kyoei Steel Works Tbk
Jaya Pari Steel Tbk
Krakatau Steel (Persero) Tbk
Lion Metal Works Tbk
Lionmesh Prima Tbk
Pelat Timah Nusantara Tbk
Pelangi Indah Canindo Tbk
Tembaga Mulia Semanan Tbk
Barito Pacific Tbk
Budi Acid Jaya Tbk
Duta Pertiwi Nusantara Tbk
Ekadharma International Tbk
Eterindo Wahanatama Tbk
Intanwijaya Internasional Tbk
Sorini Agro Asia Corporindo Tbk
Indo Acidatama Tbk
Chandra Asri Petrochemical Tbk
Universitas Sumatera Utara
No
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
70
71
72
Kode
UNIC
AKKU
AKPI
APLI
BRNA
FPNI
IGAR
IPOL
SIAP
SIMA
TRST
YPAS
CPIN
JPFA
MAIN
SIPD
SULI
TIRT
ALDO
FASW
INKP
INRU
KBRI
SAIP
SPMA
TKIM
ASII
AUTO
BRAM
GDYR
GJTL
IMAS
INDS
LPIN
MASA
NIPS
PRAS
SMSM
ADMG
Nama
Unggul Indah Cahaya Tbk
Alam Karya Unggul Tbk
Argha Karya Prima Ind. Tbk
Asiaplast Industries Tbk
Berlina Tbk
Titan Kimia Nusantara Tbk
Champion Pacific Indonesia Tbk
Indopoly Swakarsa Industry Tbk
Sekawan Intipratama Tbk
Siwani Makmur Tbk
Trias Sentosa Tbk
Yanaprima Hastapersada Tbk
Charoen Pokphand Indonesia Tbk
JAPFA Comfeed Indonesia Tbk
Malindo Feedmill Tbk
Sierad Produce Tbk
Sumalindo Lestari Jaya Tbk
Tirta Mahakam Resources Tbk
Alkindo Naratama Tbk
Fajar Surya Wisesa Tbk
Indah Kiat Pulp & Paper Tbk
Toba Pulp Lestari Tbk
Kertas Basuki Rachmat Indonesia Tbk
Surabaya Agung Industry Pulp Tbk
Suparma Tbk
Pabrik Kertas Tjiwi Kimia Tbk
Astra International Tbk
Astra Otoparts Tbk
Indo Kordsa Tbk
Goodyear Indonesia Tbk
Gajah Tunggal Tbk
Indomobil Sukses Internasional Tbk
Indospring Tbk
Multi Prima Sejahtera Tbk
Multistrada Arah Sarana Tbk
Nipress Tbk
Prima Alloy Steel Universal Tbk
Selamat Sempurna Tbk
Polychem Indonesia Tbk
Universitas Sumatera Utara
No
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
107
108
109
110
111
Kode
ARGO
CNTX
ERTX
HDTX
INDR
KARW
MYTX
PAFI
PBRX
POLY
RICY
SSTM
TRIS
UNIT
UNTX
ESTI
STAR
TFCO
BATA
BIMA
SIMM
IKBI
JECC
KBLI
KBLM
SCCO
VOKS
PTSN
ADES
AISA
ALTO
CEKA
DAVO
DLTA
ICBP
INDF
MLBI
MYOR
PSDN
Nama
Argo Pantes Tbk
Centex Tbk
Eratex Djaja Tbk
Panasia Indo Resources Tbk
Indorama Synthetics Tbk
Ictsi Jasa Prima Tbk
APAC Citra Centertex Tbk
Panasia Filament Inti Tbk
Pan Brothers Tbk
Asia Pacific Fibers Tbk. Tbk
Ricky Putra Globalindo Tbk
Sunson Textile Manufacturer Tbk
Trisula International Tbk
Nusantara Inti Corpora Tbk
Unitex Tbk
Ever shine Textile Industry
Star Petrochem
Tifico Fiber indonesia
Sepatu Bata Tbk
Primarindo Asia Infrastructure Tbk
Surya Intrindo Makmur Tbk
Sumi Indo Kabel Tbk
Jembo Cable Company Tbk
KMI Wire and Cable Tbk Tbk
Kabelindo Murni Tbk
Supreme Cable Manufacturing Corporation Tbk
Voksel Electric Tbk
Sat Nusapersada Tbk
Akasha Wira International Tbk Tbk
Tiga Pilar Sejahtera Food Tbk
Tri Banyan Tirta Tbk
Cahaya Kalbar Tbk
Davomas Abadi Tbk
Delta Djakarta Tbk
Indofood CBP Sukses Makmur Tbk
Indofood Sukses Makmur Tbk
Multi Bintang Indonesia Tbk
Mayora Indah Tbk
Prasidha Aneka Niaga Tbk
Universitas Sumatera Utara
No
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
Kode
ROTI
SKBM
SKLT
STTP
ULTJ
GGRM
HMSP
RMBA
WIIM
DVLA
INAF
KAEF
KLBF
MERK
PYFA
SCPI
SQBB
TSPC
MBTO
MRAT
TCID
UNVR
KDSI
KICI
LMPI
Nama
Nippon Indosari Corpindo Tbk
Sekar Bumi
Sekar Laut Tbk
Siantar Top Tbk
Ultra Jaya Milk Industry Tbk
Gudang Garam Tbk
HM Sampoerna Tbk
Bentoel International Investama Tbk
WiamilK Inti Makmur
Darya-Varia Laboratoria Tbk
Indofarma Tbk
Kimia Farma (Persero) Tbk
Kalbe Farma Tbk
Merck Tbk
Pyridam Farma Tbk
Schering Plough Indonesia Tbk
Taisho Pharmaceutical Indonesia Tbk
Tempo Scan Pacific Tbk
Martina Berto Tbk
Mustika Ratu Tbk
Mandom Indonesia Tbk
Unilever Indonesia Tbk
Kedawung Setia Industrial Tbk
Kedaung Indah Can Tbk
Langgeng Makmur Industri Tbk
Universitas Sumatera Utara
Lampiran 2:
Daftar Penentuan 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
Kode
INTP
SMCB
SMGR
AMFG
ARNA
IKAI
KIAS
MLIA
TOTO
ALKA
ALMI
BTON
CTBN
GDST
INAI
BAJA
JKSW
JPRS
KRAS
LION
LMSH
NIKL
PICO
TBMS
BRPT
BUDI
DPNS
EKAD
ETWA
INCI
SOBI
SRSN
TPIA
Nama
Indocement Tunggal Prakarsa Tbk
Holcim Indonesia Tbk
Semen Indonesia (Persero) Tbk
Asahimas Flat Glass Tbk
Arwana Citramulia Tbk
Intikeramik Alamasri Industri Tbk
Keramika Indonesia Assosiasi Tbk
Mulia Industrindo Tbk
Surya Toto Indonesia Tbk
Alakasa Industrindo Tbk
Alumindo Light Metal Industry Tbk
Betonjaya Manunggal Tbk
Citra Tubindo Tbk
Gunawan Dianjaya Steel Tbk
Indal Aluminium Industry Tbk
Sarana Central Bajatama
Jakarta Kyoei Steel Works Tbk
Jaya Pari Steel Tbk
Krakatau Steel (Persero) Tbk
Lion Metal Works Tbk
Lionmesh Prima Tbk
Pelat Timah Nusantara Tbk
Pelangi Indah Canindo Tbk
Tembaga Mulia Semanan Tbk
Barito Pacific Tbk
Budi Acid Jaya Tbk
Duta Pertiwi Nusantara Tbk
Ekadharma International Tbk
Eterindo Wahanatama Tbk
Intanwijaya Internasional Tbk
Sorini Agro Asia Corporindo Tbk
Indo Acidatama Tbk
Chandra Asri Petrochemical Tbk
Kriteria
1
2
Sampel
3
√
√
√
√
─
√
√
√
√
2
√
√
√
3
√
√
√
4
√
─
─
√
√
─
√
─
─
√
√
√
√
√
─
√
√
─
√
√
─
√
√
√
√
─
─
√
√
─
√
─
─
√
√
─
√
√
─
√
─
─
√
─
─
√
─
─
√
√
─
√
√
─
√
√
─
√
─
─
√
√
─
√
─
─
√
√
√
√
√
─
√
√
─
√
─
─
√
√
─
√
√
─
1
5
6
7
Universitas Sumatera Utara
No Kode
34 UNIC
35 AKKU
36 AKPI
37 APLI
38 BRNA
39 FPNI
40 IGAR
41 IPOL
42 SIAP
43 SIMA
44 TRST
45 YPAS
46 CPIN
47 JPFA
48 MAIN
49 SIPD
50 SULI
51 TIRT
52 ALDO
53 FASW
54 INKP
55 INRU
56 KBRI
57 SAIP
58 SPMA
59 TKIM
60
ASII
61 AUTO
62 BRAM
63 GDYR
64 GJTL
65 IMAS
66 INDS
67 LPIN
Nama
Unggul Indah Cahaya Tbk
Alam Karya Unggul Tbk
Argha Karya Prima Ind. Tbk
Asiaplast Industries Tbk
Berlina Tbk
Titan Kimia Nusantara Tbk
Champion Pacific Indonesia Tbk
Indopoly Swakarsa Industry Tbk
Sekawan Intipratama Tbk
Siwani Makmur Tbk
Trias Sentosa Tbk
Yanaprima Hastapersada Tbk
Charoen Pokphand Indonesia Tbk
JAPFA Comfeed Indonesia Tbk
Malindo Feedmill Tbk
Sierad Produce Tbk
Sumalindo Lestari Jaya Tbk
Tirta Mahakam Resources Tbk
Alkindo Naratama Tbk
Fajar Surya Wisesa Tbk
Indah Kiat Pulp & Paper Tbk
Toba Pulp Lestari Tbk
Kertas Basuki Rachmat Indonesia Tbk
Surabaya Agung Industry Pulp Tbk
Suparma Tbk
Pabrik Kertas Tjiwi Kimia Tbk
Astra International Tbk
Astra Otoparts Tbk
Indo Kordsa Tbk
Goodyear Indonesia Tbk
Gajah Tunggal Tbk
Indomobil Sukses Internasional Tbk
Indospring Tbk
Multi Prima Sejahtera Tbk
1
Kriteria
2
3
Sampel
√
√
√
√
√
─
√
√
─
√
─
─
√
√
√
√
√
─
√
√
√
√
─
─
√
√
─
√
√
─
√
√
√
√
√
─
√
√
─
√
√
─
√
√
√
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
√
13
√
√
√
14
√
√
√
15
√
√
√
16
√
√
─
√
√
─
√
√
─
√
√
─
8
9
10
11
12
Universitas Sumatera Utara
No
Kode
68 MASA
69
NIPS
70
PRAS
71 SMSM
72 ADMG
73 ARGO
74 CNTX
75 ERTX
76 HDTX
77
INDR
78 KARW
79 MYTX
80
PAFI
81 PBRX
82 POLY
83
RICY
84 SSTM
85
TRIS
86
UNIT
87 UNTX
88
ESTI
89 STAR
90 TFCO
91 BATA
92 BIMA
93 SIMM
94
IKBI
95
JECC
96
KBLI
97 KBLM
98 SCCO
99 VOKS
100 PTSN
101 ADES
Nama
Multistrada Arah Sarana Tbk
Nipress Tbk
Prima Alloy Steel Universal Tbk
Selamat Sempurna Tbk
Polychem Indonesia Tbk
Argo Pantes Tbk
Centex Tbk
Eratex Djaja Tbk
Panasia Indo Resources Tbk
Indorama Synthetics Tbk
Ictsi Jasa Prima Tbk
APAC Citra Centertex Tbk
Panasia Filament Inti Tbk
Pan Brothers Tbk
Asia Pacific Fibers Tbk. Tbk
Ricky Putra Globalindo Tbk
Sunson Textile Manufacturer Tbk
Trisula International Tbk
Nusantara Inti Corpora Tbk
Unitex Tbk
Ever shine Textile Industry
Star Petrochem
Tifico Fiber indonesia
Sepatu Bata Tbk
Primarindo Asia Infrastructure Tbk
Surya Intrindo Makmur Tbk
Sumi Indo Kabel Tbk
Jembo Cable Company Tbk
KMI Wire and Cable Tbk Tbk
Kabelindo Murni Tbk
Supreme Cable Manufacturing Corporation Tbk
Voksel Electric Tbk
Sat Nusapersada Tbk
Akasha Wira International Tbk Tbk
Kriteria
1
2
3
√
√
─
√
√
─
√
√
─
√
√
√
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
√
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
─
√
√
√
√
√
─
√
√
─
√
√
─
Universitas Sumatera Utara
Sampel
17
18
19
No
Kode
Kriteria
Nama
Sampel
102
103
104
105
106
AISA
ALTO
CEKA
DAVO
DLTA
Tiga Pilar Sejahtera Food Tbk
Tri Banyan Tirta Tbk
Cahaya Kalbar Tbk
Davomas Abadi Tbk
Delta Djakarta Tbk
1
√
√
√
√
√
2
─
─
√
√
√
3
─
─
─
─
√
20
107
108
109
110
ICBP
INDF
MLBI
MYOR
Indofood CBP Sukses Makmur Tbk
Indofood Sukses Makmur Tbk
Multi Bintang Indonesia Tbk
Mayora Indah Tbk
√
√
√
√
√
√
√
√
─
√
√
√
21
22
23
111
PSDN
Prasidha Aneka Niaga Tbk
√
─
─
112
113
114
115
116
ROTI
SKBM
SKLT
STTP
ULTJ
Nippon Indosari Corpindo Tbk
Sekar Bumi
Sekar Laut Tbk
Siantar Top Tbk
Ultra Jaya Milk Industry Tbk
√
√
√
√
√
√
─
√
√
√
─
─
─
─
─
117
118
119
GGRM
HMSP
RMBA
Gudang Garam Tbk
HM Sampoerna Tbk
Bentoel International Investama Tbk
√
√
√
√
─
√
√
─
─
120
121
122
123
124
125
126
127
WIIM
DVLA
INAF
KAEF
KLBF
MERK
PYFA
SCPI
WiamilK Inti Makmur
Darya-Varia Laboratoria Tbk
Indofarma Tbk
Kimia Farma (Persero) Tbk
Kalbe Farma Tbk
Merck Tbk
Pyridam Farma Tbk
Schering Plough Indonesia Tbk
√
√
√
√
√
√
√
─
√
─
√
√
√
√
─
√
─
√
√
√
─
√
√
─
128
129
130
131
132
133
134
135
136
SQBB
TSPC
MBTO
MRAT
TCID
UNVR
KDSI
KICI
LMPI
Taisho Pharmaceutical Indonesia Tbk
Tempo Scan Pacific Tbk
Martina Berto Tbk
Mustika Ratu Tbk
Mandom Indonesia Tbk
Unilever Indonesia Tbk
Kedawung Setia Industrial Tbk
Kedaung Indah Can Tbk
Langgeng Makmur Industri Tbk
√
√
√
√
√
√
√
√
√
√
√
√
√
─
√
√
─
√
√
√
─
√
─
√
─
─
─
Universitas Sumatera Utara
24
25
26
27
28
29
30
31
32
Lampiran 3:
Daftar Sampel Perusahaan Manufaktur Tahun 2009 – 2012
No
Kode
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
INTP
SMGR
AMFG
ARNA
TOTO
CTBN
EKAD
UNIC
BRNA
IGAR
TRST
MAIN
ASII
AUTO
BRAM
GDYR
SMSM
BATA
SCCO
DLTA
INDF
MLBI
MYOR
GGRM
DVLA
KAEF
KLBF
MERK
SQBB
TSPC
MRAT
UNVR
Nama
Indocement Tunggal Prakarsa Tbk
Semen Indonesia (Persero) Tbk
Asahimas Flat Glass Tbk
Arwana Citramulia Tbk
Surya Toto Indonesia Tbk
Citra Tubindo Tbk
Ekadharma International Tbk
Unggul Indah Cahaya Tbk
Berlina Tbk
Champion Pacific Indonesia Tbk
Trias Sentosa Tbk
Malindo Feedmill Tbk
Astra International Tbk
Astra Otoparts Tbk
Indo Kordsa Tbk
Goodyear Indonesia Tbk
Selamat Sempurna Tbk
Sepatu Bata Tbk
Supreme Cable Manufacturing Corporation Tbk
Delta Djakarta Tbk
Indofood Sukses Makmur Tbk
Multi Bintang Indonesia Tbk
Mayora Indah Tbk
Gudang Garam Tbk
Darya-Varia Laboratoria Tbk
Kimia Farma (Persero) Tbk
Kalbe Farma Tbk
Merck Tbk
Taisho Pharmaceutical Indonesia Tbk
Tempo Scan Pacific Tbk
Mustika Ratu Tbk
Unilever Indonesia Tbk
Universitas Sumatera Utara
Lampiran 4:
Daftar Return On Assets (ROA) Tahun 2009 – 2012 berdasarkan kriteria
No
1
Kode
INTP
Return On Asset (ROA)
Nama
2009
2010
2011
2012
Indocement Tunggal Prakarsa Tbk
0,2069
0.2101
0.1984
0.2093
2
SMGR
Semen Indonesia (Persero) Tbk
0.2568
0.2335
0.2014
0.1853
3
AMFG
Asahimas Flat Glass Tbk
0,0341
0.1395
0.1252
0,0882
4
ARNA
Arwana Citramulia Tbk
0.0777
0.0905
0.1154
0.1693
5
TOTO
Surya Toto Indonesia Tbk
0.1809
0.1775
0.1633
0.1347
6
CTBN
Citra Tubindo Tbk
0.0712
0.0671
0.2926
0.1116
7
EKAD
Ekadharma International Tbk
0.0996
0.1197
0.1168
0.1453
8
UNIC
Unggul Indah Cahaya Tbk
0.0175
0.0148
0.1164
0.0162
9
BRNA
Berlina Tbk
0.0399
0.0631
0.0737
0.0459
10
IGAR
Champion Pacific Indonesia Tbk
0.0778
0.0925
0.1556
0.1425
11
TRST
Trias Sentosa Tbk
0.0749
0.0674
0.0675
0.0252
12
MAIN
Malindo Feedmill Tbk
0.0858
0.1862
0.1544
0.1478
13
ASII
Astra International Tbk
0.1129
0.1273
0.1391
0.1232
14
AUTO
Astra Otoparts Tbk
0.1654
0.2043
0.1588
0.1212
15
BRAM
Indo Kordsa Tbk
0.0534
0.0899
0.0331
0.0793
16
GDYR
Goodyear Indonesia Tbk
0.1074
0.0581
0.0314
0.0465
17
SMSM
Selamat Sempurna Tbk
0.1411
0.1410
0.1929
0.0361
18
BATA
Sepatu Bata Tbk
0.1272
0.1259
0.1096
0.0929
19
SCCO
Supreme Cable Manufacturing Corporation Tbk
0.0465
0.0525
0.0754
0.0951
20
DLTA
Delta Djakarta Tbk
0.1664
0.1970
0.2179
0.2234
21
INDF
Indofood Sukses Makmur Tbk
0.0514
0.0625
0.0936
0.0673
22
MLBI
Multi Bintang Indonesia Tbk
0.3427
0.3895
0.4156
0.3936
23
MYOR
Mayora Indah Tbk
0.1146
0.1100
0.0733
0.0669
24
GGRM
Gudang Garam Tbk
0.1269
0.1349
0.1268
0.0747
25
DVLA
Darya-Varia Laboratoria Tbk
0.0922
0.1298
0.1303
0.1014
26
KAEF
Kimia Farma (Persero) Tbk
0.0665
0.0837
0.0957
0.0968
27
KLBF
Kalbe Farma Tbk
0.1433
0.1829
0.1861
0.1448
28
MERK
Merck Tbk
0.3380
0.2732
0.3956
0.1893
29
SQBB
Taisho Pharmaceutical Indonesia Tbk
0.4116
0.2895
0.3319
0.2915
30
TSPC
Tempo Scan Pacific Tbk
0.1103
0.1362
0.1377
0.1244
31
MRAT
Mustika Ratu Tbk
0.0575
0.0632
0.0610
0.0432
32
UNVR
Unilever Indonesia Tbk
0.4067
0.3893
0.3973
0.2941
Universitas Sumatera Utara
Lampiran 5:
Daftar Debt to Equity Ratio (DER) Tahun 2009 – 2012 berdasarkan kriteria
No
1
Kode
INTP
Debt to Equity Ratio (DER)
Nama
2009
2010
2011
2012
Indocement Tunggal Prakarsa Tbk
0.2408
0.1717
0.1536
0.1718
2
SMGR
Semen Indonesia (Persero) Tbk
0.2582
0.2851
0.3453
0.4632
3
AMFG
Asahimas Flat Glass Tbk
0.2897
0.2874
0.2542
0.2596
4
ARNA
Arwana Citramulia Tbk
1.3849
1.1208
0.7209
0.5498
5
TOTO
Surya Toto Indonesia Tbk
0.9121
0.7300
0.7613
0.5824
6
CTBN
Citra Tubindo Tbk
0.8505
1.4339
0.6948
0.7392
7
EKAD
Ekadharma International Tbk
1.0962
0.7442
0.6092
0.5110
8
UNIC
Unggul Indah Cahaya Tbk
0.8116
0.8548
0.9634
0.8112
9
BRNA
Berlina Tbk
1.7024
1.6237
1.5302
1.6148
10
IGAR
Champion Pacific Indonesia Tbk
0.2931
0.2258
0.2237
0.2905
11
TRST
Trias Sentosa Tbk
0.6787
0.6394
0.6077
0.6934
12
MAIN
Malindo Feedmill Tbk
6.3471
2.7533
2.1478
1.7943
13
ASII
Astra International Tbk
1.0028
1.0985
1.0243
1.0295
14
AUTO
Astra Otoparts Tbk
0.3934
0.3840
0.4746
0.6192
15
BRAM
Indo Kordsa Tbk
0.2290
0.2646
0.3814
0.4168
16
GDYR
Goodyear Indonesia Tbk
1.7149
1.7623
1.7726
1.3722
17
SMSM
Selamat Sempurna Tbk
0.8000
0.9616
0.6953
0.7786
18
BATA
Sepatu Bata Tbk
0.3827
0.4608
0.4575
0.4998
19
SCCO
Supreme Cable Manufacturing Corporation Tbk
1.7698
1.7216
1.8033
1.3976
20
DLTA
Delta Djakarta Tbk
0.2725
0.1995
0.2151
0.2563
21
INDF
Indofood Sukses Makmur Tbk
2.4506
1.3359
0.6952
0.7131
22
MLBI
Multi Bintang Indonesia Tbk
8.4413
1.4127
1.3023
2.4926
23
MYOR
Mayora Indah Tbk
1.0260
1.1847
1.7220
1.7186
24
GGRM
Gudang Garam Tbk
0.4835
0.4445
0.5921
0.5922
25
DVLA
Darya-Varia Laboratoria Tbk
0.4121
0.3333
0.2753
0.3393
26
KAEF
Kimia Farma (Persero) Tbk
0.5700
0.4877
0.4325
0.4478
27
KLBF
Kalbe Farma Tbk
0.3925
0.2346
0.2699
0.2729
28
MERK
Merck Tbk
0.2253
0.1977
0.1825
0.3664
29
SQBB
Taisho Pharmaceutical Indonesia Tbk
0.2106
0.1895
0.1959
0.1942
30
TSPC
Tempo Scan Pacific Tbk
0.3403
0.3628
0.3954
0.3823
31
MRAT
Mustika Ratu Tbk
0.1555
0.1447
0.1787
0.1793
32
UNVR
Unilever Indonesia Tbk
1.0199
1.1500
1.8477
1.4330
Universitas Sumatera Utara
Lampiran 6:
Daftar Dividend Payout Ratio (DPR) Tahun 2009 – 2012 berdasarkan kriteria
No
Kode
Dividend Payout Ratio (DPR)
Nama
2009
2010
2011
2012
Indocement Tunggal Prakarsa Tbk
0.3016
0.3016
0.3002
0.2995
1
INTP
2
SMGR
Semen Indonesia (Persero) Tbk
0.4466
0.5036
0.4587
0.3985
3
AMFG
Asahimas Flat Glass Tbk
0.2580
0.0525
0.1030
0.1317
4
ARNA
Arwana Citramulia Tbk
0.1436
0.1625
0.2869
0.2313
5
TOTO
Surya Toto Indonesia Tbk
0.0948
0.1789
0.4530
0.0257
6
CTBN
Citra Tubindo Tbk
0.0823
0.4256
0.1410
0.7913
7
EKAD
Ekadharma International Tbk
0.1020
0.1370
0.2015
0.1218
8
UNIC
Unggul Indah Cahaya Tbk
0.3805
0.5448
0.1822
0.8545
9
BRNA
Berlina Tbk
0.5926
0.3454
0.2617
0.3765
10
IGAR
Champion Pacific Indonesia Tbk
0.1273
0.0980
1.8979
0.4718
11
TRST
Trias Sentosa Tbk
0.1952
0.3081
0.3900
0.9916
12
MAIN
Malindo Feedmill Tbk
0.2499
0.1319
0.7691
0.1586
13
ASII
Astra International Tbk
0.1169
0.2339
0.0125
0.2487
14
AUTO
Astra Otoparts Tbk
0.2951
0.4041
0.3662
2.1206
15
BRAM
Indo Kordsa Tbk
0.7801
0.4193
1.0231
0.3834
16
GDYR
Goodyear Indonesia Tbk
0.0762
0.1540
0.2754
0.1945
17
SMSM
Selamat Sempurna Tbk
0.6502
0.8614
0.3283
0.8432
18
BATA
Sepatu Bata Tbk
0.5295
0.2772
0.2828
0.3711
19
SCCO
Supreme Cable Manufacturing Corporation Tbk
0.3340
0.3045
0.3182
0.2058
20
DLTA
Delta Djakarta Tbk
0.4430
1.0901
1.1083
1.1735
21
INDF
Indofood Sukses Makmur Tbk
0.1988
0.2765
0.2327
0.3996
22
MLBI
Multi Bintang Indonesia Tbk
0.9995
1.0123
0.9996
0.3230
23
MYOR
Mayora Indah Tbk
0.1030
0.1584
0.2060
0.1929
24
GGRM
Gudang Garam Tbk
0.1949
0.3016
0.3415
0.6324
25
DVLA
Darya-Varia Laboratoria Tbk
0.3487
0.4545
0.2779
0.3243
26
KAEF
Kimia Farma (Persero) Tbk
0.2213
0.1353
0.1617
0.1708
27
KLBF
Kalbe Farma Tbk
0.1339
0.1974
0.4617
0.7617
28
MERK
Merck Tbk
0.2045
0.6732
0.4326
1.7183
29
SQBB
Taisho Pharmaceutical Indonesia Tbk
0.6004
0.9336
0.7046
0.8185
30
TSPC
Tempo Scan Pacific Tbk
0.4376
0.5063
0.7688
0.6009
31
MRAT
Mustika Ratu Tbk
0.2000
0.2000
0.5411
0.3700
32
UNVR
Unilever Indonesia Tbk
1.0001
1.0002
1.0004
0.6265
Universitas Sumatera Utara
Lampiran 7:
Daftar Price Earning Ratio (PER) Tahun 2009 – 2012 berdasarkan kriteria
No
1
Kode
INTP
Price Earning Ratio (PER)
Nama
2009
2010
2011
2012
Indocement Tunggal Prakarsa Tbk
28.8932
21.3773
19.4624
22.9468
2
SMGR
Semen Indonesia (Persero) Tbk
13.4624
15.4278
17.1479
19.0902
3
AMFG
Asahimas Flat Glass Tbk
11.9316
7.6055
8.4354
13.6635
4
ARNA
Arwana Citramulia Tbk
4.2804
6.7332
6.9816
18.9683
5
TOTO
Surya Toto Indonesia Tbk
0.2303
0.9969
1.1324
1.7104
6
CTBN
Citra Tubindo Tbk
18.6130
12.1277
5.2047
14.1089
7
EKAD
Ekadharma International Tbk
3.4002
4.6575
7.0511
6.0912
8
UNIC
Unggul Indah Cahaya Tbk
23.4124
20.7695
11.0400
18.9879
9
BRNA
Berlina Tbk
0.8174
1.2704
1.0292
2.9283
10
IGAR
Champion Pacific Indonesia Tbk
5.8998
6.8583
9.0150
8.8464
11
TRST
Trias Sentosa Tbk
4.2935
5.5453
7.6053
17.1046
12
MAIN
Malindo Feedmill Tbk
0.8032
1.2056
8.1045
15.0717
13
ASII
Astra International Tbk
1.3992
1.5372
1.4033
13.6989
14
AUTO
Astra Otoparts Tbk
1.1543
1.8854
11.8570
13.2536
15
BRAM
Indo Kordsa Tbk
9.0495
8.0502
17.5970
7.6677
16
GDYR
Goodyear Indonesia Tbk
3.2506
7.6976
10.5218
9.2001
17
SMSM
Selamat Sempurna Tbk
8.1274
10.2412
8.9297
70.9668
18
BATA
Sepatu Bata Tbk
8.8334
14.4124
12.6291
14.2276
19
SCCO
Supreme Cable Manufacturing Corporation Tbk
14.5831
6.5974
5.8496
5.8075
20
DLTA
Delta Djakarta Tbk
7.8481
13.7692
11.7686
27.2033
21
INDF
Indofood Sukses Makmur Tbk
15.0157
14.4960
8.0500
13.3568
22
MLBI
Multi Bintang Indonesia Tbk
10.9540
13.0797
14.9082
34.3882
23
MYOR
Mayora Indah Tbk
9.2692
17.0235
22.5778
29.6740
24
GGRM
Gudang Garam Tbk
11.9988
18.5621
24.0797
35.6020
25
DVLA
Darya-Varia Laboratoria Tbk
5.9275
11.8182
10.6521
17.3976
26
KAEF
Kimia Farma (Persero) Tbk
11.2889
6.3651
10.9926
20.4194
27
KLBF
Kalbe Farma Tbk
2.8425
5.1318
4.4852
8.4990
28
MERK
Merck Tbk
12.2154
18.1961
12.8397
31.5821
29
SQBB
Taisho Pharmaceutical Indonesia Tbk
0.7414
1.0504
0.8105
0.9541
30
TSPC
Tempo Scan Pacific Tbk
9.1261
15.7401
19.6048
29.8430
31
MRAT
Mustika Ratu Tbk
8.0448
11.3935
8.2988
11.1212
32
UNVR
Unilever Indonesia Tbk
27.6963
37.1705
34.4461
43.5427
Universitas Sumatera Utara
Lampiran 8:
Daftar Insider Ownership (INSD) Tahun 2009 – 2012 berdasarkan kriteria
No
1
Kode
INTP
Insider Ownership (D 1 )
Nama
2009
2010
2011
2012
Indocement Tunggal Prakarsa Tbk
0
0
1
1
2
SMGR
Semen Indonesia (Persero) Tbk
0
0
0
0
3
AMFG
Asahimas Flat Glass Tbk
0
0
0
0
4
ARNA
Arwana Citramulia Tbk
0
0
0
0
5
TOTO
Surya Toto Indonesia Tbk
0
0
0
0
6
CTBN
Citra Tubindo Tbk
1
1
1
1
7
EKAD
Ekadharma International Tbk
0
0
0
0
8
UNIC
Unggul Indah Cahaya Tbk
1
1
1
1
9
BRNA
Berlina Tbk
1
1
1
1
10
IGAR
Champion Pacific Indonesia Tbk
1
0
0
0
11
TRST
Trias Sentosa Tbk
0
0
1
1
12
MAIN
Malindo Feedmill Tbk
0
1
1
1
13
ASII
Astra International Tbk
1
1
1
1
14
AUTO
Astra Otoparts Tbk
1
1
1
1
15
BRAM
Indo Kordsa Tbk
1
1
1
1
16
GDYR
Goodyear Indonesia Tbk
0
0
0
0
17
SMSM
Selamat Sempurna Tbk
1
1
1
1
18
BATA
Sepatu Bata Tbk
0
0
1
1
19
SCCO
Supreme Cable Manufacturing Corporation Tbk
0
0
0
0
20
DLTA
Delta Djakarta Tbk
0
0
0
0
21
INDF
Indofood Sukses Makmur Tbk
1
1
1
1
22
MLBI
Multi Bintang Indonesia Tbk
0
0
0
0
23
MYOR
Mayora Indah Tbk
0
0
0
0
24
GGRM
Gudang Garam Tbk
1
1
1
1
25
DVLA
Darya-Varia Laboratoria Tbk
0
0
0
0
26
KAEF
Kimia Farma (Persero) Tbk
1
1
1
1
27
KLBF
Kalbe Farma Tbk
1
1
1
1
28
MERK
Merck Tbk
0
0
1
1
29
SQBB
Taisho Pharmaceutical Indonesia Tbk
0
0
0
0
30
TSPC
Tempo Scan Pacific Tbk
1
1
1
1
31
MRAT
Mustika Ratu Tbk
1
1
0
0
32
UNVR
Unilever Indonesia Tbk
1
1
1
1
Universitas Sumatera Utara
Lampiran 9:
Daftar Price Book Value (PBV) Tahun 2009 – 2012 berdasarkan kriteria
No
1
Kode
INTP
Price Book Value (PBV)
Nama
2009
2010
2011
2012
Indocement Tunggal Prakarsa Tbk
0.0472
0.0449
0.0399
0.0459
2
SMGR
Semen Indonesia (Persero) Tbk
0.0439
0.0467
0.0465
0.0637
3
AMFG
Asahimas Flat Glass Tbk
0.0053
0.0137
0.0133
0.0152
4
ARNA
Arwana Citramulia Tbk
0.0080
0.0130
0.0139
0.0535
5
TOTO
Surya Toto Indonesia Tbk
0.0080
0.0306
0.0326
0.0365
6
CTBN
Citra Tubindo Tbk
0.0247
0.0199
0.0258
0.0274
7
EKAD
Ekadharma International Tbk
0.0101
0.0134
0.0149
0.0173
8
UNIC
Unggul Indah Cahaya Tbk
0.0075
0.0058
0.0059
0.0056
9
BRNA
Berlina Tbk
0.0046
0.0110
0.0096
0.0167
10
IGAR
Champion Pacific Indonesia Tbk
0.0070
0.0092
0.0172
0.0157
11
TRST
Trias Sentosa Tbk
0.0054
0.0061
0.0083
0.0073
12
MAIN
Malindo Feedmill Tbk
0.0253
0.0420
0.0394
0.0623
13
ASII
Astra International Tbk
0.0352
0.0448
0.0395
0.0368
14
AUTO
Astra Otoparts Tbk
0.0138
0.0279
0.0278
0.0273
15
BRAM
Indo Kordsa Tbk
0.0066
0.0101
0.0081
0.0086
16
GDYR
Goodyear Indonesia Tbk
0.0095
0.0123
0.0092
0.0102
17
SMSM
Selamat Sempurna Tbk
0.0217
0.0297
0.0292
0.0456
18
BATA
Sepatu Bata Tbk
0.0155
0.0265
0.0202
0.0198
19
SCCO
Supreme Cable Manufacturing Corporation Tbk
0.0072
0.0095
0.0124
0.0132
20
DLTA
Delta Djakarta Tbk
0.0168
0.0333
0.0312
0.0763
21
INDF
Indofood Sukses Makmur Tbk
0.0307
0.0255
0.0128
0.0154
22
MLBI
Multi Bintang Indonesia Tbk
0.3545
0.1229
0.1426
0.3947
23
MYOR
Mayora Indah Tbk
0.0218
0.0414
0.0451
0.0540
24
GGRM
Gudang Garam Tbk
0.0227
0.0363
0.0486
0.0423
25
DVLA
Darya-Varia Laboratoria Tbk
0.0154
0.0205
0.0177
0.0236
26
KAEF
Kimia Farma (Persero) Tbk
0.0071
0.0079
0.0151
0.0297
27
KLBF
Kalbe Farma Tbk
0.0306
0.0614
0.0530
0.0783
28
MERK
Merck Tbk
0.0505
0.0595
0.0601
0.0820
29
SQBB
Taisho Pharmaceutical Indonesia Tbk
0.0037
0.0036
0.0032
0.0033
30
TSPC
Tempo Scan Pacific Tbk
0.0136
0.0295
0.0377
0.0513
31
MRAT
Mustika Ratu Tbk
0.0053
0.0082
0.0060
0.0057
32
UNVR
Unilever Indonesia Tbk
0.2277
0.3112
0.3897
0.3116
Universitas Sumatera Utara
Lampiran 10:
Tabel Jadwal Kegiatan Penelitian
No
Daftar Kegiatan
1
2
3
4
5
6
Pembuatan dan Pengajuan
Proposal
Bimbingan Proposal
Kolokium
Bimbingan Tesis
Seminar Hasil
Sidang Akhir Tesis
2013
2014
Ags Sep Okt Nov Des Jan Feb Mar Apr
Universitas Sumatera Utara
Mei
Lampiran 11:
Hasil Olahan SPSS
Tabel 5.1. Descriptive Statistics (Sebelum Trimming) Variabel Penelitian
Std.
N Minimum Maximum
Mean
Deviation
PROFITABILITAS
128
,0148
,4156
,143895
,0961004
KEBIJAKAN HUTANG
128
,1447
8,4413
,861470
1,0172947
KEBIJAKAN DIVIDEN
128
,2303 70,9668 12,395555 10,2129806
KEPUTUSAN
128
,0125
2,1206
,439429
,3624238
INVESTASI
INSIDER OWNERSHIP
128
0
1
,52
,502
NILAI PERUSAHAAN
128
,0032
,3947
,041082
,0695318
Valid N (listwise)
128
Tabel 5.2. Descriptive Statistics (Setelah di Trimming) Variabel Penelitian
Std.
N Minimum Maximum
Mean
Deviation
PROFITABILITAS
73
,0148
,2926
,117144
,0613882
KEBIJAKAN HUTANG 73
,1536
6,3471
,876370
,8484497
KEBIJAKAN DIVIDEN 73
,2303
70,9668 10,472797
9,7866032
KEPUTUSAN
73
,0125
2,1206
,384164
,3605581
INVESTASI
INSIDER OWNERSHIP 73
0
1
,52
,503
NILAI PERUSAHAAN 73
,0046
,0637
,022340
,0154497
Valid N (listwise)
73
Universitas Sumatera Utara
Tabel 5.3. Uji Normalitas Data One-Sample KolmogorovSmirnov Test (Sebelum Trimming)
Unstandardized
Residual
N
128
a,b
Normal Parameters
Mean
,0000000
Std. Deviation
,03514469
Most Extreme Differences Absolute
,124
Positive
,124
Negative
-,102
Kolmogorov-Smirnov Z
1,408
Asymp. Sig. (2-tailed)
,038
a. Test distribution is Normal.
b. Calculated from data.
Universitas Sumatera Utara
Tabel 5.4. Uji normalitas data One-Sample Kolmogorov-Smirnov
Test (Setelah Trimming)
Unstandardized
Residual
N
73
a,b
Normal Parameters
Mean
,0000000
Std. Deviation
,00901108
Most Extreme
Absolute
,158
Differences
Positive
,158
Negative
-,131
Kolmogorov-Smirnov Z
1,352
Asymp. Sig. (2-tailed)
,052
a. Test distribution is Normal.
b. Calculated from data.
Coefficientsa
Collinearity Statistics
Tolerance
VIF
Model
1 (Constant)
PROFITABILITAS
,857
KEBIJAKAN HUTANG
,992
KEBIJAKAN DIVIDEN
,873
KEPUTUSAN INVESTASI
,817
INSIDER OWNERSHIP
,923
a. Dependent Variable: NILAI PERUSAHAAN
1,166
1,008
1,145
1,225
1,084
Coefficientsa
Collinearity Statistics
Tolerance
VIF
Model
1 (Constant)
PROFITABILITAS
,906
KEBIJAKAN HUTANG
,873
KEBIJAKAN DIVIDEN
,865
KEPUTUSAN INVESTASI
,868
INSIDER OWNERSHIP
,918
a. Dependent Variable: NILAI PERUSAHAAN
1,104
1,145
1,156
1,152
1,089
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Model Summaryb
DurbinWatson
R
Adjusted R Std. Error of
Model
R
Square
Square
the Estimate
a
1
,863
,745
,734
,0358576
1,088
a. Predictors: (Constant), INSIDER OWNERSHIP, KEBIJAKAN HUTANG,
KEPUTUSAN INVESTASI, KEBIJAKAN DIVIDEN, PROFITABILITAS
Tabel 5.8. Uji Autokorelasi - Runs Test (Sebelum Trimming)
a
Test Value
Cases < Test Value
Cases >= Test Value
Total Cases
Number of Runs
Z
Asymp. Sig. (2-tailed)
a. Median
Unstandardized Residual
,00198
64
64
128
34
-5,502
,000
Model Summaryb
DurbinWatson
Adjusted R Std. Error of
Model
R
R Square
Square
the Estimate
a
1
,812
,660
,634
,0093413
1,401
a. Predictors: (Constant), INSIDER OWNERSHIP, KEBIJAKAN HUTANG,
PROFITABILITAS, KEPUTUSAN INVESTASI KEBIJAKAN DIVIDEN
b. Dependent Variable: NILAI PERUSAHAAN
Tabel 5.10. Uji Autokorelasi - Runs Test (Setelah Trimming)
Unstandardized Residual
a
Test Value
-,00156
Cases < Test Value
36
Cases >= Test Value
37
Total Cases
73
Number of Runs
38
Z
,119
Asymp. Sig. (2-tailed)
,905
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Tabel 5. 11 Persamaan Regresi Setelah Trimming (Coefficientsa)
Standardiz
Unstandardized
ed
Coefficients
Coefficients
Std.
Model
B
Error
Beta
t
Sig.
1
(Constant)
-,013
,004
-3,421
,001
PROFITABILITAS
,194
,019
,772 10,315
,000
KEBIJAKAN HUTANG
,005
,001
,262 3,434
,001
KEBIJAKAN DIVIDEN
,001
,000
,459 5,997
,000
KEPUTUSAN INVESTASI
-,002
,003
-,049 -,639
,525
INSIDER OWNERSHIP
,003
,002
,104 1,404
,165
a. Dependent Variable: NILAI PERUSAHAAN
Tabel 5.12. Uji Statistik F (Setelah Trimming) (ANOVAb)
Model
Sum of Squares
df
Mean Square
F
1
Regression
,011
5
,002 25,990
Residual
,006
67
,000
Total
,017
72
Dependent Variable: NILAI PERUSAHAAN
Sig.
,000a
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Tabel 5.13. Uji Statistik t (Setelah Trimming) (Coefficientsa)
Unstandardized
Standardized
Coefficients
Coefficients
Std.
Model
B
Error
Beta
t
1 (Constant)
-,013
,004
-3,421
PROFITABILITAS
,194
,019
,772 10,315
KEBIJAKAN HUTANG
,005
,001
,262 3,434
KEBIJAKAN DIVIDEN
,001
,000
,459 5,997
KEPUTUSAN INVESTASI
-,002
,003
-,049 -,639
INSIDER OWNERSHIP
,003
,002
,104 1,404
a. Dependent Variable: NILAI PERUSAHAAN
Tabel 5.14. Koefisien Determinasi (Model Summaryb)
Adjusted R Std. Error of
Model
R
R Square
Square
the Estimate
a
1
,812
,660
,634
,0093413
a. Predictors: (Constant), INSIDER OWNERSHIP, KEBIJAKAN HUTANG,
PROFITABILITAS, KEPUTUSAN INVESTASI, KEBIJAKAN DIVIDEN
b. Dependent Variable: NILAI PERUSAHAAN
Universitas Sumatera Utara
Sig.
,001
,000
,001
,000
,525
,165