Pengaruh Kepemilikan Institusional Terhadap Kinerja Keuangan Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia (BEI) Pada Tahun 2008-2010
Daftar Perusahaan Property dan Real Estate 2008 – 2010 yang menjadi
sampel
No
Kode
Populasi
1
ADHI
Adhi Karya (Persero) Tbk.
Kriteria
1
2
3
V
V
V
Sampel
2
APLN
PT Agung Podomoro Land Tbk
V
X
X
3
ASRI
PT Alam Sutera Realty Tbk
V
V
V
4
BAPA
PT Bekasi Asri Pemula Tbk
V
X
V
5
6
BCIP
BIPP
V
V
X
V
X
X
7
8
BKDP
BKSL
PT Bumi Citra Permai Tbk
PT Bhuwanatala Indah Permai
Tbk
PT Bukit Darmo Property Tbk
PT Sentul City (formerly Bukit
Sentul) Tbk
V
V
V
V
X
X
9
BMSR
V
V
X
10
BSDE
PT Bintang Mitra Semestaraya
Tbk
PT Bumi Serpong Damai Tbk
V
X
V
11
CKRA
PT Citra Kebun Raya Agri Tbk
V
V
X
12
COWL
PT Cowell Development Tbk
V
V
V
13
CTRA
PT Ciputra Development Tbk
V
X
V
14
CTRP
PT Ciputra Property Tbk
V
V
V
15
CTRS
PT Ciputra Surya Tbk
V
X
V
16
DART
PT Duta Anggada Realty Tbk
V
X
V
17
DEWA
PT Darma Henwa Tbk
V
V
X
18
DIGK
PT Duta Graha Indah Tbk
V
V
V
5
19
DILD
PT Intiland Development Tbk
V
V
V
6
20
21
DUTI
ELTY
PT Duta Pertiwi Tbk
PT Bakrieland Development Tbk
V
V
X
V
V
V
7
22
EMDE
PT Megapoitan Development Tbk
V
X
V
23
FMII
PT Fortune Mate Indonesia Tbk
V
V
X
24
GMTD
PT.Gowa Makassar Tourism
Development, Tbk
V
V
V
1
2
3
4
8
Universitas Sumatera Utara
25
GPRA
PT Perdana Gapuraprima, Tbk
V
V
V
9
26
INPP
V
X
V
27
JIHD
V
V
X
28
JKON
V
V
V
10
29
JRPT
PT Indonesian Paradise Property
Tbk
PT Jakarta Internasional Hotel &
Development Tbk
PT Jaya Konstruksi Manggala Pra
Tbk
PT Jaya Real Property Tbk
V
V
V
11
30
JSPT
V
V
X
31
KARK
V
V
V
32
KIJA
V
V
X
33
KPIG
V
V
X
34
LAMI
PT Jakarta Setiabudi Internasional
Tbk
PT Dayaindo Resources
International Tbk
PT Kawasan Industri Jababeka
Tbk
PT Global Land Development
Tbk
PT Lamicitra Nusantara Tbk
V
V
V
35
LCGP
PT Laguna Cipta Griya Tbk
V
V
X
36
LPCK
PT Lippo Cikarang Tbk
V
V
V
14
37
LPKR
PT Lippo Karawaci Tbk
V
V
V
15
38
MDLN
PT Modernland Realty Tbk
V
V
V
16
39
MKPI
PT Metropolitan Kentjana
V
X
X
40
MTLA
PT Metropolitan Land Tbk
V
X
V
41
MTSM
V
V
X
42
MORE
PT Metro Supermarket Realty
Tbk
PT Indonesia Prima Property Tbk
V
V
X
43
PJAA
PT Pembangunan Jaya Ancol Tbk
V
X
V
44
PNSE
PT Pudjiadi & Sons Tbk
V
X
V
45
PSAB
PT J Resources Asia Pasifik Tbk.
V
X
V
46
PTPP
PT PP (Persero) Tbk
V
X
X
47
PTRO
PT Petrosea Tbk
V
X
V
48
PUDP
PT Pudjiadi Prestige Limited Tbk
V
X
V
49
PWON
PT Pakuwon Jati Tbk
V
V
X
50
PWSI
PT Panca Wiratama Sakti Tbk
V
V
X
12
13
Universitas Sumatera Utara
51
RBMS
V
V
V
V
V
X
SCBD
PT Ristia Bintang Mahkotasejati
Tbk
PT Royal Oak Development Asia
Tbk
PT Danayasa Athatama Tbk
52
RODA
53
V
V
X
54
SIIP
PT Suryainti Permata Tbk
V
V
V
55
SMDM
PT Suryamas Dutamakmur Tbk
V
V
X
56
SMRA
PT Summarecon Agung Tbk
V
V
V
57
SSIA
PT Surya Semesta Internusa Tbk
V
V
X
58
TOTL
PT Total Bangun Persada Tbk
V
V
V
59
TRUB
PT Truba Alam Manunggal
Engineering Tbk
V
V
X
60
WIKA
PT wijaya Karya (Persero) Tbk
V
V
V
17
18
19
20
21
Universitas Sumatera Utara
Data Penelitian Setiap Variabel dari Tahun 2008-2010 Pada Perusahaan Real
Estate
NO
Sampel
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
ADHI 2008
ADHI 2009
ADHI 2010
ASRI 2008
ASRI 2009
ASRI 2010
COWL 2008
COWL 2009
COWL 2010
CTRP 2008
CTRP 2009
CTRP 2010
DGIK 2008
DGIK 2009
DGIK 2010
DILD 2008
DILD 2009
DILD 2010
ELTY 2008
ELTY 2009
ELTY 2010
GMTD 2008
GMTD 2009
GMTD 2010
GPRA 2008
GPRA 2009
GPRA 2010
JRPT 2008
JRPT 2009
JRPT 2010
JKON 2008
JKON 2009
JKON 2010
KARK 2008
% Kepemilikan
Institusional (X1) ROA (Y)
51.9
57.97
57.4
81.66
75.1
49.52
66.15
66.15
66.07
51.06
51.89
54.72
64.4
64.4
64.4
86.47
86.47
60.75
41.31
35.58
23.14
65
65
65
85.4
84.75
67.31
76.55
77.98
79.12
83.55
84.57
79.89
75.04
1.59
2.94
3.85
1.92
2.64
6.33
3.19
6.59
3.15
5.17
2.03
4.06
4.41
4.47
3.6
0.67
1.2
7.62
3.26
1.14
1.05
2.8
4.41
7.68
0.81
2.37
2.97
6.68
7.41
8.04
7.45
8.19
5.91
0.83
Universitas Sumatera Utara
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
KARK 2009
KARK 2010
LAMI 2008
LAMI 2009
LAMI 2010
LPCK 2008
LPCK 2009
LPCK 2010
LPKR 2008
LPKR 2009
LPKR 2010
MDLN 2008
MDLN 2009
MDLN 2010
RBMS 2008
RBMS 2009
RBMS 2010
SIIP 2008
SIIP 2009
SIIP 2010
SMRA 2008
SMRA 2009
SMRA 2010
TOTL 2008
TOTL 2009
TOTL 2010
WIKA 2008
WIKA 2009
WIKA 2010
33.44
43.37
92.88
92.88
92.88
57.18
48.73
42.2
30.28
28.18
18.71
57.58
57.58
65.16
64.43
64.43
64.43
75.63
77
77
42.57
32.53
38.44
57.2
57.19
56.5
68.42
68.42
66.65
1.17
2.73
1.45
2.06
3.15
1.01
1.66
3.91
3.15
3.2
3.25
0.13
0.13
1.9
0.82
0.1
0.82
3.08
2.63
0.03
2.59
3.75
3.8
1.3
4.03
5.08
2.7
3.32
4.53
Universitas Sumatera Utara
Descriptive Statistics
Mean
Std. Deviation
N
Y
3.24
2.166
63
X
62.18
17.824
63
Correlations
Y
Pearson Correlation
Sig. (1-tailed)
N
X
Y
1.000
.104
X
.104
1.000
Y
.
.209
X
.209
.
Y
63
63
X
63
63
Variables Entered/Removedb
Model
1
Variables
Variables
Entered
Removed
Xa
Method
. Enter
a. All requested variables entered.
b. Dependent Variable: Y
Model Summaryb
Model
1
R
R Square
.104a
.011
Adjusted R
Std. Error of the
Square
Estimate
-.005
2.171
a. Predictors: (Constant), X
b. Dependent Variable: Y
Universitas Sumatera Utara
ANOVAb
Model
1
Sum of Squares
Regression
df
Mean Square
F
3.132
1
3.132
Residual
287.626
61
4.715
Total
290.758
62
Sig.
.664
.418a
a. Predictors: (Constant), X
b. Dependent Variable: Y
Coefficientsa
Standardized
Unstandardized Coefficients
Model
1
B
(Constant)
X
Coefficients
Std. Error
2.453
1.000
.013
.015
Beta
t
.104
Sig.
2.452
.017
.815
.418
a. Dependent Variable: Y
Residuals Statisticsa
Minimum
Predicted Value
Maximum
Mean
Std. Deviation
N
2.69
3.62
3.24
.225
63
-2.439
1.722
.000
1.000
63
.274
.726
.371
.109
63
2.62
3.77
3.24
.239
63
Residual
-3.394
4.671
.000
2.154
63
Std. Residual
-1.563
2.151
.000
.992
63
Stud. Residual
-1.584
2.197
.000
1.007
63
Deleted Residual
-3.488
4.872
-.004
2.218
63
Stud. Deleted Residual
-1.605
2.271
.004
1.020
63
Mahal. Distance
.006
5.949
.984
1.270
63
Cook's Distance
.000
.104
.015
.020
63
Centered Leverage Value
.000
.096
.016
.020
63
Std. Predicted Value
Standard Error of Predicted
Value
Adjusted Predicted Value
Universitas Sumatera Utara
Residuals Statisticsa
Minimum
Predicted Value
Maximum
Mean
Std. Deviation
N
2.69
3.62
3.24
.225
63
-2.439
1.722
.000
1.000
63
.274
.726
.371
.109
63
2.62
3.77
3.24
.239
63
Residual
-3.394
4.671
.000
2.154
63
Std. Residual
-1.563
2.151
.000
.992
63
Stud. Residual
-1.584
2.197
.000
1.007
63
Deleted Residual
-3.488
4.872
-.004
2.218
63
Stud. Deleted Residual
-1.605
2.271
.004
1.020
63
Mahal. Distance
.006
5.949
.984
1.270
63
Cook's Distance
.000
.104
.015
.020
63
Centered Leverage Value
.000
.096
.016
.020
63
Std. Predicted Value
Standard Error of Predicted
Value
Adjusted Predicted Value
a. Dependent Variable: Y
Universitas Sumatera Utara
Universitas Sumatera Utara
sampel
No
Kode
Populasi
1
ADHI
Adhi Karya (Persero) Tbk.
Kriteria
1
2
3
V
V
V
Sampel
2
APLN
PT Agung Podomoro Land Tbk
V
X
X
3
ASRI
PT Alam Sutera Realty Tbk
V
V
V
4
BAPA
PT Bekasi Asri Pemula Tbk
V
X
V
5
6
BCIP
BIPP
V
V
X
V
X
X
7
8
BKDP
BKSL
PT Bumi Citra Permai Tbk
PT Bhuwanatala Indah Permai
Tbk
PT Bukit Darmo Property Tbk
PT Sentul City (formerly Bukit
Sentul) Tbk
V
V
V
V
X
X
9
BMSR
V
V
X
10
BSDE
PT Bintang Mitra Semestaraya
Tbk
PT Bumi Serpong Damai Tbk
V
X
V
11
CKRA
PT Citra Kebun Raya Agri Tbk
V
V
X
12
COWL
PT Cowell Development Tbk
V
V
V
13
CTRA
PT Ciputra Development Tbk
V
X
V
14
CTRP
PT Ciputra Property Tbk
V
V
V
15
CTRS
PT Ciputra Surya Tbk
V
X
V
16
DART
PT Duta Anggada Realty Tbk
V
X
V
17
DEWA
PT Darma Henwa Tbk
V
V
X
18
DIGK
PT Duta Graha Indah Tbk
V
V
V
5
19
DILD
PT Intiland Development Tbk
V
V
V
6
20
21
DUTI
ELTY
PT Duta Pertiwi Tbk
PT Bakrieland Development Tbk
V
V
X
V
V
V
7
22
EMDE
PT Megapoitan Development Tbk
V
X
V
23
FMII
PT Fortune Mate Indonesia Tbk
V
V
X
24
GMTD
PT.Gowa Makassar Tourism
Development, Tbk
V
V
V
1
2
3
4
8
Universitas Sumatera Utara
25
GPRA
PT Perdana Gapuraprima, Tbk
V
V
V
9
26
INPP
V
X
V
27
JIHD
V
V
X
28
JKON
V
V
V
10
29
JRPT
PT Indonesian Paradise Property
Tbk
PT Jakarta Internasional Hotel &
Development Tbk
PT Jaya Konstruksi Manggala Pra
Tbk
PT Jaya Real Property Tbk
V
V
V
11
30
JSPT
V
V
X
31
KARK
V
V
V
32
KIJA
V
V
X
33
KPIG
V
V
X
34
LAMI
PT Jakarta Setiabudi Internasional
Tbk
PT Dayaindo Resources
International Tbk
PT Kawasan Industri Jababeka
Tbk
PT Global Land Development
Tbk
PT Lamicitra Nusantara Tbk
V
V
V
35
LCGP
PT Laguna Cipta Griya Tbk
V
V
X
36
LPCK
PT Lippo Cikarang Tbk
V
V
V
14
37
LPKR
PT Lippo Karawaci Tbk
V
V
V
15
38
MDLN
PT Modernland Realty Tbk
V
V
V
16
39
MKPI
PT Metropolitan Kentjana
V
X
X
40
MTLA
PT Metropolitan Land Tbk
V
X
V
41
MTSM
V
V
X
42
MORE
PT Metro Supermarket Realty
Tbk
PT Indonesia Prima Property Tbk
V
V
X
43
PJAA
PT Pembangunan Jaya Ancol Tbk
V
X
V
44
PNSE
PT Pudjiadi & Sons Tbk
V
X
V
45
PSAB
PT J Resources Asia Pasifik Tbk.
V
X
V
46
PTPP
PT PP (Persero) Tbk
V
X
X
47
PTRO
PT Petrosea Tbk
V
X
V
48
PUDP
PT Pudjiadi Prestige Limited Tbk
V
X
V
49
PWON
PT Pakuwon Jati Tbk
V
V
X
50
PWSI
PT Panca Wiratama Sakti Tbk
V
V
X
12
13
Universitas Sumatera Utara
51
RBMS
V
V
V
V
V
X
SCBD
PT Ristia Bintang Mahkotasejati
Tbk
PT Royal Oak Development Asia
Tbk
PT Danayasa Athatama Tbk
52
RODA
53
V
V
X
54
SIIP
PT Suryainti Permata Tbk
V
V
V
55
SMDM
PT Suryamas Dutamakmur Tbk
V
V
X
56
SMRA
PT Summarecon Agung Tbk
V
V
V
57
SSIA
PT Surya Semesta Internusa Tbk
V
V
X
58
TOTL
PT Total Bangun Persada Tbk
V
V
V
59
TRUB
PT Truba Alam Manunggal
Engineering Tbk
V
V
X
60
WIKA
PT wijaya Karya (Persero) Tbk
V
V
V
17
18
19
20
21
Universitas Sumatera Utara
Data Penelitian Setiap Variabel dari Tahun 2008-2010 Pada Perusahaan Real
Estate
NO
Sampel
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
ADHI 2008
ADHI 2009
ADHI 2010
ASRI 2008
ASRI 2009
ASRI 2010
COWL 2008
COWL 2009
COWL 2010
CTRP 2008
CTRP 2009
CTRP 2010
DGIK 2008
DGIK 2009
DGIK 2010
DILD 2008
DILD 2009
DILD 2010
ELTY 2008
ELTY 2009
ELTY 2010
GMTD 2008
GMTD 2009
GMTD 2010
GPRA 2008
GPRA 2009
GPRA 2010
JRPT 2008
JRPT 2009
JRPT 2010
JKON 2008
JKON 2009
JKON 2010
KARK 2008
% Kepemilikan
Institusional (X1) ROA (Y)
51.9
57.97
57.4
81.66
75.1
49.52
66.15
66.15
66.07
51.06
51.89
54.72
64.4
64.4
64.4
86.47
86.47
60.75
41.31
35.58
23.14
65
65
65
85.4
84.75
67.31
76.55
77.98
79.12
83.55
84.57
79.89
75.04
1.59
2.94
3.85
1.92
2.64
6.33
3.19
6.59
3.15
5.17
2.03
4.06
4.41
4.47
3.6
0.67
1.2
7.62
3.26
1.14
1.05
2.8
4.41
7.68
0.81
2.37
2.97
6.68
7.41
8.04
7.45
8.19
5.91
0.83
Universitas Sumatera Utara
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
KARK 2009
KARK 2010
LAMI 2008
LAMI 2009
LAMI 2010
LPCK 2008
LPCK 2009
LPCK 2010
LPKR 2008
LPKR 2009
LPKR 2010
MDLN 2008
MDLN 2009
MDLN 2010
RBMS 2008
RBMS 2009
RBMS 2010
SIIP 2008
SIIP 2009
SIIP 2010
SMRA 2008
SMRA 2009
SMRA 2010
TOTL 2008
TOTL 2009
TOTL 2010
WIKA 2008
WIKA 2009
WIKA 2010
33.44
43.37
92.88
92.88
92.88
57.18
48.73
42.2
30.28
28.18
18.71
57.58
57.58
65.16
64.43
64.43
64.43
75.63
77
77
42.57
32.53
38.44
57.2
57.19
56.5
68.42
68.42
66.65
1.17
2.73
1.45
2.06
3.15
1.01
1.66
3.91
3.15
3.2
3.25
0.13
0.13
1.9
0.82
0.1
0.82
3.08
2.63
0.03
2.59
3.75
3.8
1.3
4.03
5.08
2.7
3.32
4.53
Universitas Sumatera Utara
Descriptive Statistics
Mean
Std. Deviation
N
Y
3.24
2.166
63
X
62.18
17.824
63
Correlations
Y
Pearson Correlation
Sig. (1-tailed)
N
X
Y
1.000
.104
X
.104
1.000
Y
.
.209
X
.209
.
Y
63
63
X
63
63
Variables Entered/Removedb
Model
1
Variables
Variables
Entered
Removed
Xa
Method
. Enter
a. All requested variables entered.
b. Dependent Variable: Y
Model Summaryb
Model
1
R
R Square
.104a
.011
Adjusted R
Std. Error of the
Square
Estimate
-.005
2.171
a. Predictors: (Constant), X
b. Dependent Variable: Y
Universitas Sumatera Utara
ANOVAb
Model
1
Sum of Squares
Regression
df
Mean Square
F
3.132
1
3.132
Residual
287.626
61
4.715
Total
290.758
62
Sig.
.664
.418a
a. Predictors: (Constant), X
b. Dependent Variable: Y
Coefficientsa
Standardized
Unstandardized Coefficients
Model
1
B
(Constant)
X
Coefficients
Std. Error
2.453
1.000
.013
.015
Beta
t
.104
Sig.
2.452
.017
.815
.418
a. Dependent Variable: Y
Residuals Statisticsa
Minimum
Predicted Value
Maximum
Mean
Std. Deviation
N
2.69
3.62
3.24
.225
63
-2.439
1.722
.000
1.000
63
.274
.726
.371
.109
63
2.62
3.77
3.24
.239
63
Residual
-3.394
4.671
.000
2.154
63
Std. Residual
-1.563
2.151
.000
.992
63
Stud. Residual
-1.584
2.197
.000
1.007
63
Deleted Residual
-3.488
4.872
-.004
2.218
63
Stud. Deleted Residual
-1.605
2.271
.004
1.020
63
Mahal. Distance
.006
5.949
.984
1.270
63
Cook's Distance
.000
.104
.015
.020
63
Centered Leverage Value
.000
.096
.016
.020
63
Std. Predicted Value
Standard Error of Predicted
Value
Adjusted Predicted Value
Universitas Sumatera Utara
Residuals Statisticsa
Minimum
Predicted Value
Maximum
Mean
Std. Deviation
N
2.69
3.62
3.24
.225
63
-2.439
1.722
.000
1.000
63
.274
.726
.371
.109
63
2.62
3.77
3.24
.239
63
Residual
-3.394
4.671
.000
2.154
63
Std. Residual
-1.563
2.151
.000
.992
63
Stud. Residual
-1.584
2.197
.000
1.007
63
Deleted Residual
-3.488
4.872
-.004
2.218
63
Stud. Deleted Residual
-1.605
2.271
.004
1.020
63
Mahal. Distance
.006
5.949
.984
1.270
63
Cook's Distance
.000
.104
.015
.020
63
Centered Leverage Value
.000
.096
.016
.020
63
Std. Predicted Value
Standard Error of Predicted
Value
Adjusted Predicted Value
a. Dependent Variable: Y
Universitas Sumatera Utara
Universitas Sumatera Utara