Pengaruh Free Cash Flow, Struktur Kepemilikan, dan Leverage terhadap Earnings Management pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2010-2014

LAMPIRAN 1
DAFTAR SAMPEL PERUSAHAAN MANUFAKTUR DI BURSA EFEK
INDONESIA PERIODE 2010-2014
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.

Nama Perusahaan
PT Indocement Tunggal
Perkasa Indonesia Tbk
PT Holcim Indonesia
Tbk
PT Semen Indonesia
Tbk
PT Asahimas Flat Glass
Tbk
PT Arwana Citramulia
Tbk
PT Inti Keramik

Alamasyi Industrindo
Tbk
PT Keramika Indonesia
Assosiasi Tbk
PT Mulia Industrindo
Tbk
PT Surya Toto Tbk
PT Alakasa Industrindo
Tbk
Alumindo Light Metal
Industry Tbk
PT Betonjaya
Manunggal Tbk
PT Citra Tubindo Tbk
PT Gunawan Dianjaya
Steel Tbk
PT Indal Aluminium
Industry Tbk
PT Itamaraya Tbk
PT Jakarta Kyoei Steel

Works Tbk
PT Jaya Pari Steel Tbk
PT Krakatau Steel Tbk
PT Lion Metal Works
Tbk
PT Lionmesh Prima Tbk
PT Hanson International
Tbk
PT Tembaga Mulia
Semanan Tbk
PT Barito Pasific Tbk

1


Kriteria
2
3
4



-

5


SMCB







-



SMGR







-



AMFG







-



ARNA







-



IKAI







-



KIAS







-



MLIA











TOTO
ALKA











-




ALMI











BTON







-



CTBN
GDST











-



INAI







-



ITMA
JKSW














JPRS
KRAS
LION




















LMSH
MYRX











-




TBMS







-



BRPT









-

Kode
Saham
INTP

Sampel

1

2

3
4
5
6

80
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LANJUTAN LAMPIRAN 1
No.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.

Nama Perusahaan
PT Budi Acid Jaya Tbk
PT Duta Pertiwi
Nusantara Tbk
PT Ekadharma
International Tbk
PT Eterindo
Wahanatama Tbk
PT Intanwijaya
International Tbk
PT Sorini Agro Asia
Corporindo Tbk
PT Indo Acidatama Tbk
PT Tri Polyta Indonesia
PT Unggul Indah
Cahaya
PT Aneka Kemasindo
Utama Tbk
PT Argha Karya Prima
Tbk
PT Asiaplast Industries
Tbk
PT Berlina Tbk
PT Titan Nusantara Tbk
PT Kageo Igar Jaya Tbk
PT Indopoly Swakarsa
Industry Tbk
PT Sekawan Inti
Pratama Tbk
PT Siwani Makmur Tbk
PT Trias Sentosa Tbk
PT Yanaprima
Hastapersada Tbk
PT Charoend Pokphand
Indonesia Tbk
PT Japfa Tbk
PT Malindo Feedmill
Tbk
PT Sierad Produce Tbk
PT SLJ Global Tbk
PT Tirta Mahakam
Resources Tbk

Kriteria
3
4


-

Kode
Saham
BUDI
DPNS

1



2



EKAD





-

-

ETWA









INCI









SOBI





-

-











SRSN
TPIA
UNIC
AKKU
AKPI
APLI
BRNA
FPNI
IGAR
IPOL
SIAP
SIMA
TRST
YPAS
CPIN
JPFA
MAIN
SIPD
SULI
TIRT









































-



-

-

-

-

-







-



-








-


-

-





-




5

Sampel





7
8















9








81
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LANJUTAN LAMPIRAN 1
No
.
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.

Nama Perusahaan
PT Fajar surya Wisea
Tbk
PT Indah Kiat Pulp &
Paper Tbk
PT Toba Pulp Lestari
Tbk
PT Kerytas Basuki
Rachmat Indonesia
Tbk
PT Surabaya Agung
Industri Pulp dan
Kertas Tbk
PT Suparma Tbk
PT Pabrik Kertas
Tjiwi Kimia Tbk
PT Astra Otoparts Tbk
PT Astra Otoparts Tbk
PT Indo Korsa Tbk
PT Goodyear
Indonesia Tbk
PT Gajah Tunggal Tbk
PT Indomobil Sukses
Internasional Tbk
PT Indospring Tbk
PT Multiprima
SejahteraTbk
PT Multistada Arah
Sarana Tbk
PT Nipress Tbk
PT Prima Alloy Steel
Tbk
PT Selamat Sempurna
Tbk
PT Polychem
Indonesia Tbk
PT Argo Pantes Tbk
PT Century Textile
Industry Tbk
PT Eratex Djaja Tbk
PT Ever Shine Tex
Tbk
PT Panasia Indosyntec
Tbk
PT Indorama
Synthetics Tbk

Kode
Saham
FASW

Kriteria
1
2



3


4
-

5


INKP







-



INRU







-



KBRI







-



SAIP



-

-

-



SPMA
TKIM










-




ASII
AUTO
BRAM
GDYR



















-





GJTL
IMAS









-




INDS
LPIN










-




MASA







-



NIPS
PRAS
















SMSM







-

ADMG







-

ARGO
CNTX







-

-

ERTX
ESTI










-

HDTX







-

INDR







-

Sampel

10
11

12
13










82
Universitas Sumatera Utara

LANJUTAN LAMPIRAN 1
No.
77.
78.
79.
80.
81.
82.
83.
84.
85.
86.
87.
88.
89.
90.
91.
92.
93.
94.
95.
96.
97.
98.
99.
100.

Nama Perusahaan
PT Karwell Indonesia
Tbk
PT Apac Citra Centertex
Tbk
PT Panasia Filament
Init Tbk
PT Pan Brother Tex Tbk
PT Asia Pasific Fiber
Tbk
PT Ricky Putra
Globalindo Tbk
PT Sunson Textile
Manufacturer Tbk
PT Nusantara Inti
Corporation Tbk
PT unitex Tbk
PT Primarindo Asia
Infrastructure Tbk
PT Sepatu Bata Tbk
PT Surya Intrindo
Makmur Tbk
PT Sumi Indo Kabel
Tbk
PT Jembo Cable
Company Tbk
PT KMI Wire and Cable
Tbk
PT Kabelindo Murni
Tbk
PT Supreme Cable
Manufacturing &
Commerce Tbk
PT Voksel Electric Tbk
PT Sat Nusa Persada
Tbk
PT Akasha Wira
International Tbk
PT Tiga Pilar sejahtera
Food Tbk
PT Cahaya Kalbar Tbk
PT Davomas Abadi Tbk
PT Delta Djakarta Tbk

1


Kriteria
2
3
4


-

5


MYTX





-



-

PAFI

-

-







PBRX
POLY







-


-



RICY







-



SSTM











UNIT







-

-

UNTX
BATA










-




BIMA
SIMM


-


-


-






IKBI







-



JECC

-







-

KBLI







-



KBLM





-





SCCO



-







VOKS
PTSN








-


-



ADES





-





AISA

-

-







CEKA
DAVO
DLTA













-




Kode
Saham
KARW

Sampel

14

83
Universitas Sumatera Utara

LANJUTAN LAMPIRAN 1
No.
101.
102.
103.
104.
105.
106.
107.
108.
109.
110.
111.
112.
113.
114.
115.
116.
117.
118.
119.
120.
121.
122.
123.
124.
125.
126.

Nama Perusahaan
PT Indofood CBP
Sukses Makmur Tbk
PT Indofood Sukses
Makmur Tbk
PT Multi Bintang
Indonesia Tbk
PT Mayora Indah Tbk
PT Prasidha Aneka
Niaga Tbk
PT Nippon Indosari
Corporindo Tbk
PT Sekar Laut Tbk
PT Siantar Top Tbk
PT Ultrajaya Milk
Industry & Trading
Company Tbk
PT Gudang Garam Tbk
PT Hanjaya Mandala
Sampoerna Tbk
PT Bentoel
Internasional Investama
Tbk
PT Darya-Varia
Laboratoria Tbk
PT Indo FarmaTbk
PT Kimia Farma Tbk
PT Kalbe Farma Tbk
PT Merck Tbk
PT Pyridam Farma Tbk
PT Schering Plough
Indonesia Tbk
PT Taisho
Pharmaceutical
Indonesia Tbk
PT Tempo Scan Pasific
Tbk
PT Mustika Ratu Tbk
PT Mandom Indonesia
Tbk
PT Unilever Indonesia
Tbk
PT Kedawung Setia
Industrial Tbk
PT Kedaung Indah Can
Tbk

Kode
Saham
ICBP

Kriteria
1
2



3


4
-

5


INDF



-

-





MLBI



-





-

MYOR
PSDN










-



ROTI







-



SKLT
STTP
ULTJ



















GGRM
HMSP











-




RMBA







-



DVLA





-

-



INAF
KAEF
KLBF
MERK
PYFA
SCPI


















-


-








SQBI





-

-



TSPC







-



MRAT
TCID















UNVR







-



KDSI
KICI












Sampel

15
16

17

18

19




20

84
Universitas Sumatera Utara

LANJUTAN LAMPIRAN 1
No.
127.
128.
129.
130.
131.
132.
133.
134.
135.
136.
137.
138.
139.
140.
141.
142.

Nama Perusahaan
PT Langgeng Makmur
Indonesia Tbk
PT Trisula Internasional
Tbk
PT Tri Banyan Tirta
Tbk
PT Wismilak Inti
Makmur Tbk
PT Semen Baturaja Tbk
PT Steel Pipe Industry
of Indonesia Tbk
PT Grand Kartech Tbk
PT Sri Rejeki Isman
Tbk
PT Industri Jamu dan
Farmasi Sido Muncul
Tbk
PT Wijaya Karya
BetonTbk
PT Chitose Internasional
Tbk
PT Impack Pratama
Industri Tbk
PT Dwi Aneka Jaya
Kemasindo Tbk
PT Ateliers Mecanique
D’Indonesie Tbk
PT Grand Kartech Tbk
PT Kino Indonesia Tbk

Kode
Saham
LMPI

Kriteria
1
2



3


4


TRIS





-

-

ALTO





-

-

WIIM





-

-

SMBR
ISSP







-

-

KRAH
SRIL









-

SIDO





-

-



WTON





-

-

CINT







-

-

IMPC





-

-

DAJK





-

-

AMIN







-

-

-

KRAH
KINO







-

-





5

Sampel
21












85
Universitas Sumatera Utara

LAMPIRAN 2
DISCRETIONARY ACCRUALS PERUSAHAAN MANUFAKTUR DI
BURSA EFEK INDONESIA PERIODE 2010-2014
NO
1

Nama Perusahaan

Kode
Saham

2010

Discretionary Accruals
2011
2012
2013

2014

2

PT Alumindo Light Metal
Industry Tbk
PT Astra Internasional Tbk

3

PT Astra Otoparts Tbk

AUTO

0.1644

0.1408

0.0885

0.0519

0.0582

4

PT Eterindo Wahanatama tbk

ETWA

0.3478

0.2694

0.0035

0.2467

-0.219

5

GGRM

0.0524

0.1733

0.0087

0.0626

0.085

INCI

-0.146

-0.082

0.0144

0.0051

0.1483

JKSW

0.1248

-0.003

-0.031

-0.019

-0.054

8

PT Gudang Garam Tbk
PT Intanwijaya Internasional
Tbk
PT Jakarta Kyoei Steel Works
Tbk
PT Jaya Pari Steel Tbk

JPRS

-0.096

0.1577

0.0845

-0.116

0.178

9

PT Kedaung Indah Can Tbk

KICI

-0.034

0.0461

0.0266

0.0525

0.0378

10

LION

0.0233

0.0272

0.0478

0.0398

-0.029

LMPI

-0.003

0.0239

0.049

0.0428

0.0368

12

PT Lion Metal Works Tbk
PT Langgeng Makmur Industri
Tbk
PT Lionmesh Prima Tbk

LMSH

-0.051

0.0516

0.3186

-0.008

0.0034

13

PT Mulia Industrindo Tbk

MLIA

0.4022

0.335

0.0325

-0.042

0.0138

14

PT Nipress Tbk
PT Prima Alloy Steel Universal
Tbk
PT Prydam Farma Tbk
PT Sunson Textile
Manufacturer Tbk
PT Siantar Top Tbk

NIPS

-0.027

-0.077

0.0675

0.2282

0.3312

PRAS

-0.226

0.0708

0.0359

0.1955

0.1872

PYFA

-0.016

0.0732

0.0795

0.1365

0.0388

SSTM

-0.028

-0.052

-0.077

-0.079

-0.023

STTP

0.1355

-0.037

0.0921

0.0659

-0.031

TCID

0.0009

0.0836

-0.07

-0.043

0.0703

ULTJ

-0.06

-0.061

-0.055

0.0636

0.0701

YPAS

0.0086

0.0421

0.253

0.092

-0.072

6
7

11

15
16
17
18
19
20
21

PT Mandom Indonesia Tbk
PT Ultra Jaya Milk Industry
Tbk
PT Yanaprima Hastapersada
Tbk

ALMI

0.0288

-0.105

0.0732

0.4655

0.3487

ASII

0.1244

0.1067

0.0974

0.0219

0.4714

86
Universitas Sumatera Utara

LAMPIRAN 3
FREE CASH FLOW PERUSAHAAN MANUFAKTUR DI BURSA EFEK
INDONESIA PERIODE 2010-2014
NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

Nama Perusahaan
PT Alumindo Light Metal
Industry Tbk
PT Astra Internasional Tbk
PT Astra Otoparts Tbk
PT Eterindo Wahanatama tbk
PT Gudang Garan Tbk
PT Intanwijaya Internasional
Tbk
PT Jakarta Kyoei Steel Works
Tbk
PT Jaya Pari Steel Tbk
PT Kedaung Indah Can Tbk
PT Lion Metal Works Tbk
PT Langgeng Makmur
Industri Tbk
PT Lionmesh Prima Tbk
PT Mulia Industrindo Tbk
PT Nipress Tbk
PT Prima Alloy Steel
Universal Tbk
PT Prydam Farma Tbk
PT Sunson Textile
Manufacturer Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Ultra Jaya Milk Industry
Tbk
PT Yanaprima Hastapersada
Tbk

Kode
Saham

2010

Free Cash Flow (dalam miliar rupiah)
2011
2012
2013
2014

ALMI

7.286

-162.38

-221.897

-675.086

-851.52

ASII
AUTO
ETWA
GGRM

-387
289.35
-51.337
-317.67

-4176
27.143
-65.313
-3294.63

-1317
164.192
-33.879
-2449.86

22122
-2461.36
327.243
-248.795

5070
-1249.7
464.21
-2766.1

INCI

23.709

10.433

-6.635

-1.433

-18.936

JKSW

-28.369

13.693

25.056

-12.46

13.52

JPRS
KICI
LION

9.686
2.345
2.083

-66.666
-4.309
-1.176

-20.782
-1.992
-16.614

69.913
-2.999
10

-64.593
0.26
121.02

LMPI

29.094

-15.719

-38.043

-24.163

8.739

LMSH
MLIA
NIPS

5.571
-6.609
7.484

-4.567
-1.25
7.485

-27.292
0.139
-26.003

3.076
0.431
-114.541

3.326
0.525
-338.3

PRAS

77.283

-54.475

26.639

-72.609

-240.06

PYFA

3.151

-6.693

-14.133

-23.277

3.416

SSTM

-69.261

90.281

89.385

158.705

84.46

STTP
TCID

-151.8
92.148

-60.689
-7.473

-35.04
172.176

-134.15
155.478

-81.933
19.28

ULTJ

82.016

381.461

269.805

-118.586

-128.64

YPAS

15.254

4.859

-96.977

-53.286

90.386

87
Universitas Sumatera Utara

LAMPIRAN 4
KEPEMILIKAN MANAJERIAL PERUSAHAAN MANUFAKTUR DI
BURSA EFEK INDONESIA PERIODE 2010-2014
NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

Nama Perusahaan
PT Alumindo Light Metal
Industry Tbk
PT Astra Internasional Tbk
PT Astra Otoparts Tbk
PT Eterindo Wahanatama tbk
PT Gudang Garan Tbk
PT Intanwijaya Internasional
Tbk
PT Jakarta Kyoei Steel Works
Tbk
PT Jaya Pari Steel Tbk
PT Kedaung Indah Can Tbk
PT Lion Metal Works Tbk
PT Langgeng Makmur Industri
Tbk
PT Lionmesh Prima Tbk
PT Mulia Industrindo Tbk
PT Nipress Tbk
PT Prima Alloy Steel Universal
Tbk
PT Prydam Farma Tbk
PT Sunson Textile
Manufacturer Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Ultra Jaya Milk Industry
Tbk
PT Yanaprima Hastapersada
Tbk

Kode
Saham

2010

Kepemilikan Manajerial (%)
2011
2012
2013

2014

ALMI

1.6

1.6

1.6

1.6

1.6

ASII
AUTO
ETWA
GGRM

0.04
0.07
0.08
0.72

0.04
0.07
0.08
0.85

0.04
0.07
0.08
0.92

0.04
0.07
0.08
0.92

0.04
0.07
0.08
0.92

INCI

17.87

18.55

8.38

8.38

13.88

JKSW

1.33

1.33

1.33

1.33

1.33

JPRS
KICI
LION

15.53
4.6
0.24

15.5
0.23
0.24

15.5
0.23
0.24

15.5
0.23
0.24

15.53
0.23
0.24

LMPI

0.01

0.01

0.01

0.01

0.01

LMSH
MLIA
NIPS

25.58
0.04
12.4

25.58
0.06
12.4

25.58
0.06
8.45

25.58
0.06
8.45

25.15
0.06
8.45

PRAS

5.91

5.91

5.91

4.96

4.96

PYFA

23.08

23.08

23.08

23.08

23.08

SSTM

15.53

15.5

15.5

15.5

15.53

STTP
TCID

7.51
0.16

8
0.14

8
0.14

8
0.14

8
0.13

ULTJ

17.97

17.97

17.97

17.8

17.9

YPAS

0.35

0.35

0.35

0.35

0.35

88
Universitas Sumatera Utara

LAMPIRAN 5
KEPEMILIKAN INSTITUSIONAL PERUSAHAAN MANUFAKTUR DI
BURSA EFEK INDONESIA PERIODE 2010-2014
NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

Nama Perusahaan
PT Alumindo Light Metal
Industry Tbk
PT Astra Internasional Tbk
PT Astra Otoparts Tbk
PT Eterindo Wahanatama tbk
PT Gudang Garan Tbk
PT Intanwijaya Internasional
Tbk
PT Jakarta Kyoei Steel Works
Tbk
PT Jaya Pari Steel Tbk
PT Kedaung Indah Can Tbk
PT Lion Metal Works Tbk
PT Langgeng Makmur Industri
Tbk
PT Lionmesh Prima Tbk
PT Mulia Industrindo Tbk
PT Nipress Tbk
PT Prima Alloy Steel Universal
Tbk
PT Prydam Farma Tbk
PT Sunson Textile
Manufacturer Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Ultra Jaya Milk Industry
Tbk
PT Yanaprima Hastapersada
Tbk

Kode
Saham

2010

Kepemilikan Institusional (%)
2011
2012
2013

2014

ALMI

78.2

78.2

78.7

75.97

76.48

ASII
AUTO
ETWA
GGRM

50.11
95.65
78.2
75.55

50.11
95.65
78.2
75.55

50.11
95.65
78.7
75.55

50.11
80
75.97
75.55

50.11
80
76.48
75.55

INCI

61.28

61.69

59.99

59.61

66.47

JKSW

59.23

59.23

59.23

59.23

59.23

JPRS
KICI
LION

68.42
75.02
57.7

68.4
75.02
57.7

68.4
75.02
57.7

68.4
75.02
57.7

68.42
75.02
57.7

LMPI

77.53

77.53

83.27

83.27

83.27

LMSH
MLIA
NIPS

32.22
67.25
37.11

32.22
67.25
37.11

32.22
67.25
37.11

32.22
68.04
37.11

32.22
69.69
37.11

PRAS

45.24

45.24

45.24

54.07

54.07

PYFA

53.85

53.85

53.85

53.85

53.85

SSTM

76.71

77

80

80

69.53

STTP
TCID

48.15
73.76

48.15
73.74

48.15
73.31

48.15
73.31

48.15
73.76

ULTJ

46.62

46.62

46.62

46.6

46.5

YPAS

89.46

89.46

89.46

89.46

89.46

89
Universitas Sumatera Utara

LAMPIRAN 6
LEVERAGE PERUSAHAAN MANUFAKTUR DI BURSA EFEK
INDONESIA PERIODE 2010-2014
NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

Nama Perusahaan
PT Alumindo Light Metal
Industry Tbk
PT Astra Internasional Tbk
PT Astra Otoparts Tbk
PT Eterindo Wahanatama tbk
PT Gudang Garan Tbk
PT Intanwijaya Internasional Tbk
PT Jakarta Kyoei Steel Works
Tbk
PT Jaya Pari Steel Tbk
PT Kedaung Indah Can Tbk
PT Lion Metal Works Tbk
PT Langgeng Makmur Industri
Tbk
PT Lionmesh Prima Tbk
PT Mulia Industrindo Tbk
PT Nipress Tbk
PT Prima Alloy Steel Universal
Tbk
PT Prydam Farma Tbk
PT Sunson Textile Manufacturer
Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Ultra Jaya Milk Industry Tbk
PT Yanaprima Hastapersada Tbk

Kode
Saham
ALMI
ASII
AUTO
ETWA
GGRM
INCI
JKSW
JPRS
KICI
LION
LMPI
LMSH
MLIA
NIPS
PRAS
PYFA
SSTM
STTP
TCID
ULTJ
YPAS

2010

2011

Leverage
2012

2013

2014

0.664
0.5
0.3
0.43
0.306
0.04

0.684
0.5
0.3
0.39
0.3719
0.11

0.688
0.5
0.4
0.54
0.359
0.12

0.761
0.5
0.2
0.65
0.4206
0.07

0.8
0.5
0.3
0.77
0.4293
0.07

2.3112
27.02
0.26
0.14

2.3331
22.85
0.26
0.17

2.4323
12.82
0.30
0.14

2.5542
3.72
0.25
0.17

2.3779
4.13
0.19
0.26

0.34
0.4
1.11
0.5611

0.41
0.42
0.86
0.6284

0.5
0.24
0.81
0.6149

0.52
0.22
0.83
0.7045

0.51
0.17
0.82
0.5228

0.52
0.2323

0.58
0.3019

0.51
0.3544

0.49
0.4638

0.46
0.441

0.63
0.311
0.0943
0.39
0.3453

0.65
0.4757
0.0977
0.38
0.3373

0.65
0.5362
0.1306
0.307
0.529

0.66
0.5278
0.193
0.28
0.7218

0.67
0.5191
0.307
0.22
0.4949

90
Universitas Sumatera Utara