Analisis Faktor-Faktor yang Mempengaruhi Stock Split dengan Trading Volume Activity Sebagai Variabel Pemoderasi dan Dampak yang Ditimbulkannya di ndonesia dan Malaysia
Lampiran 1
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35
36
Daftar Populasi Dan Sampel Perusahaan Indonesia
Yang Melakukan Stock Split
KRITERIA
NAMA EMITEN
SAMPEL
1 2 3
√ X √
Multipolar Tbk
√ √ √
Ciputra Development Tbk
1
√ √ √
Tunas Radean Tbk
2
√ √ √
Intiland Development Tbk
3
√
X
√
Kertas Basuki Rachmat Tbk
√ √ √
Charoen Pokphan Indonesia Tbk
4
√ √ √
Bank Rakyat Indonesia (Persero) Tbk
5
√ √ √
London Sumatera Plantation Tbk
6
Bank Tabungan Pensiunan Nasional Tbk √ √ √
7
√ √ √
Intraco Penta Tbk
8
√ √ √
Pan Brothers Tbk
9
√ √ √
Malindo Feedmill Tbk
10
√
√
√
Astra Otopart Tbk
11
√
X
√
Lippo Securities Tbk
√ √ √
Surya Semesta Internusa Tbk
12
√ √ √
Jasuindo Tiga Perkasa Tbk
13
√ √ √
Metro Realty Tbk
14
√ X √
Samindo Resources Tbk
√ √ X
Central Omega Resources Tbk
√ X √
Smartfren Telecom Tbk
√ √ √
Petrosea Tbk
15
√
√
√
Pakuwon Jati Tbk
16
√ X √
Hero Supermarket Tbk
√ √ √
Astra International Tbk
17
√ √ √
Indomobil Sukses Internasional Tbk
18
√ X √
Indospring Tbk
√ √ √
Modern Internasional Tbk
19
√ √ √
Central Omega Resources Tbk
20
√ √ √
Kresna Graha Sekurindo Tbk
21
√ √ X
Indosiar Karya Media Tbk
√ √ √
Kalbe Farma Tbk
22
√ √ √
Ace Hardware Indonesia Tbk
23
√ √ √
Japfa Comfeed Tbk
24
√ √ X
Summarecon Agung Tbk
√ √ √
Arwana Citra Mulia Tbk
25
√ √ √
Sarana Menara Nusantara Tbk
26
97
Universitas Sumatera Utara
NO
37
38
39
40
41
42
43
44
45
46
NAMA EMITEN
Sumber Alfaria Trijaya Tbk
Jaya Real Property Tbk
Telekomunikasi Indonesia Tbk
Sepatu Bata Tbk
Jaya Konstruksi Tbk
Alumindo Light Metal Industry Tbk.
Indal Aluminium Insudtry Tbk
Surya Toto Indonesia Tbk
Centris Multipersada Pratama Tbk.
Multi Bintang Indonesia Tbk.
KRITERIA
SAMPEL
1 2 3
√ √ √
27
√ √ √
28
√ √ √
29
√ √ √
30
√ √ √
31
√ √ √
32
√ √ √
33
√ √ √
34
√ √ X
√ X √
Lampiran 2
NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
24
Daftar Populasi Dan Sampel Perusahaan Malaysia
Yang Melakukan Stock Split
KRITERIA
NAMA EMITEN
SAMPEL
1
2
3
√
√
√
Magna Prima Bhd
35
√
√
√
Hup Seng Industries Bhd
36
√
√
√
Rubberex Corp. M Bhd
37
√
√ X
Hai-O Enterprise Bhd
√
√ X
Global Carriers Bhd
√ X √
Innoprise Plantations Bhd
√
√
√
Slp Resources Berhad
38
√
√
√
Voir Holdings Berhad
39
√
√ X
Seg International Bhd
√
√
√
Pacific & Orient Bhd
40
√
√
√
Yee Lee Corporation Bhd
41
√ X √
Tomypak Holdings Bhd
√
√ X
Yokohama Industries Berhad
√
√ X
Berjaya Land Bhd
√ X √
Knm Group Bhd
√
√
√
Padini Holdings Berhad
42
√
√
√
Ql Resources Bhd
43
√
√
√
Kulim (M) Bhd
44
√
√
√
Ytl Corporation Bhd
45
√ X √
Ark Resources Bhd
√
√
√
Paramount Corporation Bhd
46
√
X
√
Mitrajaya Holdings Bhd
√
√
√
Glomac Bhd
47
98
Universitas Sumatera Utara
NO
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
NAMA EMITEN
Triplc Bhd
Digi.Com Bhd
Y&G Corporation Bhd
Malayan Flour Mills Bhd
Lion Corporation Bhd
Smpc Corporation Bhd
Luster Industries Bhd
Sanichi Technology Bhd
Pharmaniaga Bhd
Tdm Bhd
Jobstreet Corporation Bhd
Prolexus Bhd
Tiong Nam Logistics Holdings
Gd Express Carrier Bhd
Datasonic Group Berhad
Kretam Holdings Bhd
Kumpulan Jetson Bhd
Wellcall Holdings Bhd
Hup Seng Industries Bhd
Ideal Sun City Holdings Berhad
Oka Corporation Bhd
Ken Holdings Berhad
Cahya Mata Sarawak Bhd
Aeon Com Bhd
Kovest Bhd
Deleum Ghd
Yinson Holdings Bhd
Vti Vintage Bhd
Bonia Corporation Bhd
I-Bhd
Narra Industries Bhd
Century Logistics Holdings Bhd
Fima Corporation Bhd
Integrated Rubber Corporation
Brem Holdings Bhd
KRITERIA
1
2
3
√ X √
√ X √
√ X √
√
√
√
√ X √
√ X √
√
√ X
√ X √
√ X √
√
√
√
√ X √
√
√
√
√
√
√
√ X √
√
√
√
√
√ X
√
√
√
√ X √
√ X √
X √
√
√
√
√
√
√
√
X √
√
√ X √
√
√ X
√
√
√
√
√
√
√
√ X
√
√ X
√
√
√
√
√ X
√
√
√
√
√
√
√
√ X
√
√
√
SAMPEL
48
49
50
51
52
53
54
55
56
57
58
59
60
61
99
Universitas Sumatera Utara
Lampiran 3
Daftar Sampel Perusahaan Indonesia Yang Melakukan Stock Split
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
NAMA EMITEN
Ciputra Development Tbk
Tunas Radean Tbk
Intiland Development Tbk
Charoen Pokphan Indonesia Tbk
Bank Rakyat Indonesia (Persero) Tbk
London Sumatera Plantation Tbk
Bank Tabungan Pensiunan Nasional Tbk
Intraco Penta Tbk
Pan Brothers Tbk
Malindo Feedmill Tbk
Astra Otopart Tbk
Surya Semesta Internusa Tbk
Jasuindo Tiga Perkasa Tbk
Metro Realty Tbk
Petrosea Tbk
Pakuwon Jati Tbk
Astra International Tbk
Indomobil Sukses Internasional Tbk
Modern Internasional Tbk
Central Omega Resources Tbk
Kresna Graha Sekurindo Tbk
Kalbe Farma Tbk
Ace Hardware Indonesia Tbk
Japfa Comfeed Tbk
Arwana Citra Mulia Tbk
Sarana Menara Nusantara Tbk
Sumber Alfaria Trijaya Tbk
Jaya Real Property Tbk
Telekomunikasi Indonesia Tbk
Sepatu Bata Tbk
Jaya Konstruksi Tbk
Alumindo Light Metal Industry Tbk.
Indal Aluminium Insudtry Tbk
Surya Toto Indonesia Tbk
KODE SAHAM
CTRA
TURI
DILD
CPIN
BBRI
LSIP
BTPN
INTA
PBRX
MAIN
AUTO
SSIA
JTPE
MTSM
PTRO
PWON
ASII
IMAS
MDRN
DKFT
KREN
KLBF
ACES
JPFA
ARNA
TOWR
AMRT
JRPT
TLKM
BATA
JKON
ALMI
INAI
TOTO
100
Universitas Sumatera Utara
Lampiran 4
Daftar Sampel Perusahaan Malaysia Yang Melakukan Stock Split
NO
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
NAMA EMITEN
Magna Prima Bhd
Hup Seng Industries Bhd
Rubberex Corp. M Bhd
Slp Resources Berhad
Voir Holdings Berhad
Pacific & Orient Bhd
Yee Lee Corporation Bhd
Padini Holdings Berhad
Ql Resources Bhd
Kulim (M) Bhd
Ytl Corporation Bhd
Paramount Corporation Bhd
Glomac Bhd
Malayan Flour Mills Bhd
Tdm Bhd
Prolexus Bhd
Tiong Nam Logistics Holdings
Datasonic Group Berhad
Kumpulan Jetson Bhd
Oka Corporation Bhd
Ken Holdings Berhad
Deleum Ghd
Yinson Holdings Bhd
I-Bhd
Century Logistics Holdings Bhd
Fima Corporation Bhd
Brem Holdings Bhd
KODE SAHAM
7617.KL
5024.KL
7803.KL
7248.KL
7240.KL
6009.KL
5584.KL
7052.KL
7084.KL
2003.KL
4677.KL
1724.KL
5020.KL
3662.KL
2054.KL
8966.KL
8397.KL
5216.KL
9083.KL
7140.KL
7323.KL
5132.KL
7293.KL
4251.KL
7117.KL
3107.KL
8761.KL
101
Universitas Sumatera Utara
Lampiran 5
Daftar Sampel Perusahaan Indonesia Yang Tidak Melakukan Stock Split
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
NAMA EMITEN
Bakrieland Development Tbk
Tigaraksa Satria Tbk
MNC Land Tbk
Elnusa Tbk
Bank Mandiri (Persero) Tbk
Tunas Baru Lampung Tbk
Sinar Mas Multiartha Tbk
AGIS Tbk / Sigmagold Inti Per Tbk
Sunson Textile Manufacture Tbk
Sierad Produce Tbk
Multistrada Arah Sarana Tbk
Nusa Konstruksi Enjiniring Tbk
Fortune Indonesia Tbk
Permata Prima Sakti Tbk
Darma Henwa Tbk
Duta Pertiwi Tbk
Bank Danamon Indonesia Tbk
Gajah Tunggal Tbk
Ancora Indonesia Resources Tbk
Cita Mineral Investindo Tbk
Trimegah Securities Tbk
Unilever Indonesia Tbk
Fast Food Indonesia Tbk
Holcim Indonesi Tbk
Intikeramik Alamasri Industri Tbk
Bakrie Telecom Tbk
Matahari Putra Prima Tbk
Modernland Realty Tbk
Bank Internasional Indonesia Tbk
Prima Alloy Steel Universal Tbk
Total Bangun Persada Tbk
Asahimas Flat Glass Tbk
Pelangi Indah Canindo Tbk
Pelat Timah Nusantara
KODE SAHAM
ELTY
TGKA
GLOBAL
ELSA
BMRI
TBLA
SMMA
TMPI
SSTM
SIPD
MASA
DGIK
FORU
TKGA
DEWA
DUTI
BDMN
GJTL
OKAS
CITA
TRIM
UNVR
FAST
SMCB
IKAI
BTEL
MPPA
MDLN
BNII
PRAS
TOTL
AMFG
PICO
NIKL
102
Universitas Sumatera Utara
Lampiran 6
Daftar Sampel Perusahaan Malaysia Yang Tidak Melakukan Stock Split
NO
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
NAMA EMITEN
Damansara Realty Berhad
Oriental Food Industries Holdings Berhad
Amway (Malaysia) Holdings Berhad
Nwp Holdings Berhad
Ums Holdings Berhad
Lpi Capital Berhad
Huat Lai Resources Berhad
Dutch Lady Milk Industries Berhad
Carlsberg Brewery Malaysia Berhad
Hap Seng Plantations Holdings Berhad
Mmc Corporation Berhad
Naim Holdings Berhad
Lbs Bina Group Berhad
Farm's Best Berhad
Bld Plantation Berhad
Paragon Union Berhad
Kub Malaysia Berhad
Uzma
Mitrajaya Holdings Berhad
Thong Guan Industries Berhad
A & M Realty Berhad
Marco Holdings Berhad
China Automobile Parts Holdings Limited
Matrix Concepts Holdings Berhad
Daya Materials Berhad
Johore Tin Berhad
Gabungan Aqrs Berhad
KODE SAHAM
3484.KL
7107.KL
6351.KL
5125.KL
7137.KL
8621.KL
7141.KL
3026.KL
2836.KL
5138.KL
2194.KL
5073.KL
5789.KL
9776.KL
5069.KL
9407.KL
6874.KL
7250.KL
9571.KL
7034.KL
5959.KL
3514.KL
5229.KL
5236.KL
0091.KL
7167.KL
5226.KL
103
Universitas Sumatera Utara
Lampiran 7 : Pengujian Univariate Sampel Indonesia
t-test
Group Statistics
SS
N
Mean
Std. Deviation
Std. Error Mean
tidak melakukan stock split
34
2,84843
2,454345
,420917
melakukan stock split
34
5,43951
1,640791
,281393
tidak melakukan stock split
34
2,71416
1,272817
,218286
melakukan stock split
34
2,72606
,622663
,106786
tidak melakukan stock split
34
,28433
,846077
,145101
melakukan stock split
34
,96813
,706969
,121244
Ln_EPS
Ln_PER
Ln_PBV
Independent Samples Test
t-test for Equality of Means
Levene's Test
for Equality of
Variances
F
Ln_EPS
Ln_PER
Ln_PBV
Equal
variances
assumed
Equal
variances
not assumed
Equal
variances
assumed
Equal
variances
not assumed
Equal
variances
assumed
Equal
variances
not assumed
Sig.
10,919 ,002
5,646 ,020
,316 ,576
t
Df
Sig.
(2tailed)
Mean
Difference
Std. Error
Difference
95% Confidence
Interval of the
Difference
Lower
Upper
-5,118
66
,000
-2,591082
,506313
-3,601969
-1,580195
-5,118
57,586
,000
-2,591082
,506313
-3,604733
-1,577431
-,049
66
,961
-,011904
,243006
-,497082
,473274
-,049
47,939
,961
-,011904
,243006
-,500517
,476709
-3,616
66
,001
-,683803
,189088
-1,061330
-,306276
-3,616
63,979
,001
-,683803
,189088
-1,061553
-,306053
104
Universitas Sumatera Utara
Lampiran 8 : Pengujian Multivariate Sampel Indonesia Tahap Pertama
Logistic Regression
Variables in the Equation
B
S.E.
Wald
df
Sig.
Exp(B)
95% C.I.for EXP(B)
Lower
Step
a
1
Upper
Ln_EPS
,573
,215
7,079
1 ,008
1,774
1,163
2,706
Ln_PER
,369
,426
,751
1 ,386
1,446
,628
3,330
Ln_PBV
,358
,472
,576
1 ,448
1,431
,567
3,610
-3,705
1,778
4,344
1 ,037
,025
Constant
a. Variable(s) entered on step 1: Ln_EPS, Ln_PER, Ln_PBV.
Lampiran 9 : Pengujian Multivariate Sampel Indonesia Tahap Kedua
Variables in the Equation
B
S.E.
Wald
df
Sig.
Exp(B)
95% C.I.for EXP(B)
Lower
Upper
Ln_EPS
,677
,188
12,990
1 ,000
1,967
1,362
2,842
Ln_PER
,495
,421
1,379
1 ,240
1,640
,718
3,747
-4,285
1,782
5,785
1 ,016
,014
Step
1a
Constant
a. Variable(s) entered on step 1: Ln_EPS, Ln_PER.
Lampiran 10 : Pengujian Multivariate Sampel Indonesia Tahap Ketiga
Variables in the Equation
B
S.E.
Wald
df
Sig.
Exp(B)
95% C.I.for EXP(B)
Lower
Step
a
1
Ln_EPS
Constant
,598
,160
13,967
1 ,000
1,819
-2,563
,773
10,999
1 ,001
,077
1,329
Upper
2,490
a. Variable(s) entered on step 1: Ln_EPS.
105
Universitas Sumatera Utara
Lampiran 11 : Pengujian Univariate Sampel Malaysia
t-test
Group Statistics
SS
N
Mean
Std. Deviation
Std. Error Mean
tidak melakukan stock split
27
-1,004097
1,0656829
,2050908
melakukan stock split
27
-1,306409
,9484450
,1825283
tidak melakukan stock split
27
1,490431
1,1390765
,2192154
melakukan stock split
27
2,061970
,9762373
,1878770
tidak melakukan stock split
27
,233181
,8438625
,1624014
melakukan stock split
27
,054815
,7729729
,1487587
LN_EPS
LN_PER
LN_PBV
Independent Samples Test
Levene's Test
t-test for Equality of Means
for Equality of
Variances
F
Sig.
t
df
Sig.
Mean
Std. Error
95% Confidence
(2-
Difference
Difference
Interval of the
tailed)
Difference
Lower
Upper
Equal variances
1,652
,204
1,101
52
,276
,3023122
,2745520
-,2486168
,8532411
1,101
51,309
,276
,3023122
,2745520
-,2487933
,8534177
,959 -1,980
52
,053
-,5715397
,2887094
assumed
LN_EPS
Equal variances not
assumed
Equal variances
,003
assumed
,0077982
1,1508775
LN_PER
Equal variances not
-1,980
50,810
,053
-,5715397
,2887094
assumed
,0081214
1,1512008
Equal variances
,023
,879
,810
52
,422
,1783662
,2202348
-,2635673
,6202997
,810
51,605
,422
,1783662
,2202348
-,2636479
,6203803
assumed
LN_PBV
Equal variances not
assumed
106
Universitas Sumatera Utara
Lampiran 12 : Pengujian Multivariate Sampel Malaysia Tahap Pertama
Logistic Regression
Variables in the Equation
B
S.E.
Wald
df
Sig.
Exp(B)
95% C.I.for
EXP(B)
Step
a
1
Lower
Upper
LN_EPS
,119
,366
,105
1
,746
1,126
,550
2,307
LN_PER
,903
,452
3,983
1
,046
2,467
1,016
5,989
LN_PBV
-,732
,460
2,532
1
,042
,481
,195
1,185
Constant
-1,326
,726
3,336
1
,068
,266
a. Variable(s) entered on step 1: LN_EPS, LN_PER, LN_PBV.
Lampiran 13 : Pengujian Multivariate Sampel Malaysia Tahap Kedua
Variables in the Equation
B
S.E.
Wald
df
Sig.
Exp(B)
95% C.I.for
EXP(B)
Lower
Upper
LN_PER
,837
,400
4,377
1
,036
2,309
1,054
5,059
LN_PBV
-,669
,416
2,581
1
,038
,512
,226
1,159
Constant
-1,359
,718
3,580
1
,058
,257
Step
1a
a. Variable(s) entered on step 1: LN_PER, LN_PBV.
107
Universitas Sumatera Utara
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
Daftar Populasi Dan Sampel Perusahaan Indonesia
Yang Melakukan Stock Split
KRITERIA
NAMA EMITEN
SAMPEL
1 2 3
√ X √
Multipolar Tbk
√ √ √
Ciputra Development Tbk
1
√ √ √
Tunas Radean Tbk
2
√ √ √
Intiland Development Tbk
3
√
X
√
Kertas Basuki Rachmat Tbk
√ √ √
Charoen Pokphan Indonesia Tbk
4
√ √ √
Bank Rakyat Indonesia (Persero) Tbk
5
√ √ √
London Sumatera Plantation Tbk
6
Bank Tabungan Pensiunan Nasional Tbk √ √ √
7
√ √ √
Intraco Penta Tbk
8
√ √ √
Pan Brothers Tbk
9
√ √ √
Malindo Feedmill Tbk
10
√
√
√
Astra Otopart Tbk
11
√
X
√
Lippo Securities Tbk
√ √ √
Surya Semesta Internusa Tbk
12
√ √ √
Jasuindo Tiga Perkasa Tbk
13
√ √ √
Metro Realty Tbk
14
√ X √
Samindo Resources Tbk
√ √ X
Central Omega Resources Tbk
√ X √
Smartfren Telecom Tbk
√ √ √
Petrosea Tbk
15
√
√
√
Pakuwon Jati Tbk
16
√ X √
Hero Supermarket Tbk
√ √ √
Astra International Tbk
17
√ √ √
Indomobil Sukses Internasional Tbk
18
√ X √
Indospring Tbk
√ √ √
Modern Internasional Tbk
19
√ √ √
Central Omega Resources Tbk
20
√ √ √
Kresna Graha Sekurindo Tbk
21
√ √ X
Indosiar Karya Media Tbk
√ √ √
Kalbe Farma Tbk
22
√ √ √
Ace Hardware Indonesia Tbk
23
√ √ √
Japfa Comfeed Tbk
24
√ √ X
Summarecon Agung Tbk
√ √ √
Arwana Citra Mulia Tbk
25
√ √ √
Sarana Menara Nusantara Tbk
26
97
Universitas Sumatera Utara
NO
37
38
39
40
41
42
43
44
45
46
NAMA EMITEN
Sumber Alfaria Trijaya Tbk
Jaya Real Property Tbk
Telekomunikasi Indonesia Tbk
Sepatu Bata Tbk
Jaya Konstruksi Tbk
Alumindo Light Metal Industry Tbk.
Indal Aluminium Insudtry Tbk
Surya Toto Indonesia Tbk
Centris Multipersada Pratama Tbk.
Multi Bintang Indonesia Tbk.
KRITERIA
SAMPEL
1 2 3
√ √ √
27
√ √ √
28
√ √ √
29
√ √ √
30
√ √ √
31
√ √ √
32
√ √ √
33
√ √ √
34
√ √ X
√ X √
Lampiran 2
NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
24
Daftar Populasi Dan Sampel Perusahaan Malaysia
Yang Melakukan Stock Split
KRITERIA
NAMA EMITEN
SAMPEL
1
2
3
√
√
√
Magna Prima Bhd
35
√
√
√
Hup Seng Industries Bhd
36
√
√
√
Rubberex Corp. M Bhd
37
√
√ X
Hai-O Enterprise Bhd
√
√ X
Global Carriers Bhd
√ X √
Innoprise Plantations Bhd
√
√
√
Slp Resources Berhad
38
√
√
√
Voir Holdings Berhad
39
√
√ X
Seg International Bhd
√
√
√
Pacific & Orient Bhd
40
√
√
√
Yee Lee Corporation Bhd
41
√ X √
Tomypak Holdings Bhd
√
√ X
Yokohama Industries Berhad
√
√ X
Berjaya Land Bhd
√ X √
Knm Group Bhd
√
√
√
Padini Holdings Berhad
42
√
√
√
Ql Resources Bhd
43
√
√
√
Kulim (M) Bhd
44
√
√
√
Ytl Corporation Bhd
45
√ X √
Ark Resources Bhd
√
√
√
Paramount Corporation Bhd
46
√
X
√
Mitrajaya Holdings Bhd
√
√
√
Glomac Bhd
47
98
Universitas Sumatera Utara
NO
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
NAMA EMITEN
Triplc Bhd
Digi.Com Bhd
Y&G Corporation Bhd
Malayan Flour Mills Bhd
Lion Corporation Bhd
Smpc Corporation Bhd
Luster Industries Bhd
Sanichi Technology Bhd
Pharmaniaga Bhd
Tdm Bhd
Jobstreet Corporation Bhd
Prolexus Bhd
Tiong Nam Logistics Holdings
Gd Express Carrier Bhd
Datasonic Group Berhad
Kretam Holdings Bhd
Kumpulan Jetson Bhd
Wellcall Holdings Bhd
Hup Seng Industries Bhd
Ideal Sun City Holdings Berhad
Oka Corporation Bhd
Ken Holdings Berhad
Cahya Mata Sarawak Bhd
Aeon Com Bhd
Kovest Bhd
Deleum Ghd
Yinson Holdings Bhd
Vti Vintage Bhd
Bonia Corporation Bhd
I-Bhd
Narra Industries Bhd
Century Logistics Holdings Bhd
Fima Corporation Bhd
Integrated Rubber Corporation
Brem Holdings Bhd
KRITERIA
1
2
3
√ X √
√ X √
√ X √
√
√
√
√ X √
√ X √
√
√ X
√ X √
√ X √
√
√
√
√ X √
√
√
√
√
√
√
√ X √
√
√
√
√
√ X
√
√
√
√ X √
√ X √
X √
√
√
√
√
√
√
√
X √
√
√ X √
√
√ X
√
√
√
√
√
√
√
√ X
√
√ X
√
√
√
√
√ X
√
√
√
√
√
√
√
√ X
√
√
√
SAMPEL
48
49
50
51
52
53
54
55
56
57
58
59
60
61
99
Universitas Sumatera Utara
Lampiran 3
Daftar Sampel Perusahaan Indonesia Yang Melakukan Stock Split
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
NAMA EMITEN
Ciputra Development Tbk
Tunas Radean Tbk
Intiland Development Tbk
Charoen Pokphan Indonesia Tbk
Bank Rakyat Indonesia (Persero) Tbk
London Sumatera Plantation Tbk
Bank Tabungan Pensiunan Nasional Tbk
Intraco Penta Tbk
Pan Brothers Tbk
Malindo Feedmill Tbk
Astra Otopart Tbk
Surya Semesta Internusa Tbk
Jasuindo Tiga Perkasa Tbk
Metro Realty Tbk
Petrosea Tbk
Pakuwon Jati Tbk
Astra International Tbk
Indomobil Sukses Internasional Tbk
Modern Internasional Tbk
Central Omega Resources Tbk
Kresna Graha Sekurindo Tbk
Kalbe Farma Tbk
Ace Hardware Indonesia Tbk
Japfa Comfeed Tbk
Arwana Citra Mulia Tbk
Sarana Menara Nusantara Tbk
Sumber Alfaria Trijaya Tbk
Jaya Real Property Tbk
Telekomunikasi Indonesia Tbk
Sepatu Bata Tbk
Jaya Konstruksi Tbk
Alumindo Light Metal Industry Tbk.
Indal Aluminium Insudtry Tbk
Surya Toto Indonesia Tbk
KODE SAHAM
CTRA
TURI
DILD
CPIN
BBRI
LSIP
BTPN
INTA
PBRX
MAIN
AUTO
SSIA
JTPE
MTSM
PTRO
PWON
ASII
IMAS
MDRN
DKFT
KREN
KLBF
ACES
JPFA
ARNA
TOWR
AMRT
JRPT
TLKM
BATA
JKON
ALMI
INAI
TOTO
100
Universitas Sumatera Utara
Lampiran 4
Daftar Sampel Perusahaan Malaysia Yang Melakukan Stock Split
NO
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
NAMA EMITEN
Magna Prima Bhd
Hup Seng Industries Bhd
Rubberex Corp. M Bhd
Slp Resources Berhad
Voir Holdings Berhad
Pacific & Orient Bhd
Yee Lee Corporation Bhd
Padini Holdings Berhad
Ql Resources Bhd
Kulim (M) Bhd
Ytl Corporation Bhd
Paramount Corporation Bhd
Glomac Bhd
Malayan Flour Mills Bhd
Tdm Bhd
Prolexus Bhd
Tiong Nam Logistics Holdings
Datasonic Group Berhad
Kumpulan Jetson Bhd
Oka Corporation Bhd
Ken Holdings Berhad
Deleum Ghd
Yinson Holdings Bhd
I-Bhd
Century Logistics Holdings Bhd
Fima Corporation Bhd
Brem Holdings Bhd
KODE SAHAM
7617.KL
5024.KL
7803.KL
7248.KL
7240.KL
6009.KL
5584.KL
7052.KL
7084.KL
2003.KL
4677.KL
1724.KL
5020.KL
3662.KL
2054.KL
8966.KL
8397.KL
5216.KL
9083.KL
7140.KL
7323.KL
5132.KL
7293.KL
4251.KL
7117.KL
3107.KL
8761.KL
101
Universitas Sumatera Utara
Lampiran 5
Daftar Sampel Perusahaan Indonesia Yang Tidak Melakukan Stock Split
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
NAMA EMITEN
Bakrieland Development Tbk
Tigaraksa Satria Tbk
MNC Land Tbk
Elnusa Tbk
Bank Mandiri (Persero) Tbk
Tunas Baru Lampung Tbk
Sinar Mas Multiartha Tbk
AGIS Tbk / Sigmagold Inti Per Tbk
Sunson Textile Manufacture Tbk
Sierad Produce Tbk
Multistrada Arah Sarana Tbk
Nusa Konstruksi Enjiniring Tbk
Fortune Indonesia Tbk
Permata Prima Sakti Tbk
Darma Henwa Tbk
Duta Pertiwi Tbk
Bank Danamon Indonesia Tbk
Gajah Tunggal Tbk
Ancora Indonesia Resources Tbk
Cita Mineral Investindo Tbk
Trimegah Securities Tbk
Unilever Indonesia Tbk
Fast Food Indonesia Tbk
Holcim Indonesi Tbk
Intikeramik Alamasri Industri Tbk
Bakrie Telecom Tbk
Matahari Putra Prima Tbk
Modernland Realty Tbk
Bank Internasional Indonesia Tbk
Prima Alloy Steel Universal Tbk
Total Bangun Persada Tbk
Asahimas Flat Glass Tbk
Pelangi Indah Canindo Tbk
Pelat Timah Nusantara
KODE SAHAM
ELTY
TGKA
GLOBAL
ELSA
BMRI
TBLA
SMMA
TMPI
SSTM
SIPD
MASA
DGIK
FORU
TKGA
DEWA
DUTI
BDMN
GJTL
OKAS
CITA
TRIM
UNVR
FAST
SMCB
IKAI
BTEL
MPPA
MDLN
BNII
PRAS
TOTL
AMFG
PICO
NIKL
102
Universitas Sumatera Utara
Lampiran 6
Daftar Sampel Perusahaan Malaysia Yang Tidak Melakukan Stock Split
NO
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
NAMA EMITEN
Damansara Realty Berhad
Oriental Food Industries Holdings Berhad
Amway (Malaysia) Holdings Berhad
Nwp Holdings Berhad
Ums Holdings Berhad
Lpi Capital Berhad
Huat Lai Resources Berhad
Dutch Lady Milk Industries Berhad
Carlsberg Brewery Malaysia Berhad
Hap Seng Plantations Holdings Berhad
Mmc Corporation Berhad
Naim Holdings Berhad
Lbs Bina Group Berhad
Farm's Best Berhad
Bld Plantation Berhad
Paragon Union Berhad
Kub Malaysia Berhad
Uzma
Mitrajaya Holdings Berhad
Thong Guan Industries Berhad
A & M Realty Berhad
Marco Holdings Berhad
China Automobile Parts Holdings Limited
Matrix Concepts Holdings Berhad
Daya Materials Berhad
Johore Tin Berhad
Gabungan Aqrs Berhad
KODE SAHAM
3484.KL
7107.KL
6351.KL
5125.KL
7137.KL
8621.KL
7141.KL
3026.KL
2836.KL
5138.KL
2194.KL
5073.KL
5789.KL
9776.KL
5069.KL
9407.KL
6874.KL
7250.KL
9571.KL
7034.KL
5959.KL
3514.KL
5229.KL
5236.KL
0091.KL
7167.KL
5226.KL
103
Universitas Sumatera Utara
Lampiran 7 : Pengujian Univariate Sampel Indonesia
t-test
Group Statistics
SS
N
Mean
Std. Deviation
Std. Error Mean
tidak melakukan stock split
34
2,84843
2,454345
,420917
melakukan stock split
34
5,43951
1,640791
,281393
tidak melakukan stock split
34
2,71416
1,272817
,218286
melakukan stock split
34
2,72606
,622663
,106786
tidak melakukan stock split
34
,28433
,846077
,145101
melakukan stock split
34
,96813
,706969
,121244
Ln_EPS
Ln_PER
Ln_PBV
Independent Samples Test
t-test for Equality of Means
Levene's Test
for Equality of
Variances
F
Ln_EPS
Ln_PER
Ln_PBV
Equal
variances
assumed
Equal
variances
not assumed
Equal
variances
assumed
Equal
variances
not assumed
Equal
variances
assumed
Equal
variances
not assumed
Sig.
10,919 ,002
5,646 ,020
,316 ,576
t
Df
Sig.
(2tailed)
Mean
Difference
Std. Error
Difference
95% Confidence
Interval of the
Difference
Lower
Upper
-5,118
66
,000
-2,591082
,506313
-3,601969
-1,580195
-5,118
57,586
,000
-2,591082
,506313
-3,604733
-1,577431
-,049
66
,961
-,011904
,243006
-,497082
,473274
-,049
47,939
,961
-,011904
,243006
-,500517
,476709
-3,616
66
,001
-,683803
,189088
-1,061330
-,306276
-3,616
63,979
,001
-,683803
,189088
-1,061553
-,306053
104
Universitas Sumatera Utara
Lampiran 8 : Pengujian Multivariate Sampel Indonesia Tahap Pertama
Logistic Regression
Variables in the Equation
B
S.E.
Wald
df
Sig.
Exp(B)
95% C.I.for EXP(B)
Lower
Step
a
1
Upper
Ln_EPS
,573
,215
7,079
1 ,008
1,774
1,163
2,706
Ln_PER
,369
,426
,751
1 ,386
1,446
,628
3,330
Ln_PBV
,358
,472
,576
1 ,448
1,431
,567
3,610
-3,705
1,778
4,344
1 ,037
,025
Constant
a. Variable(s) entered on step 1: Ln_EPS, Ln_PER, Ln_PBV.
Lampiran 9 : Pengujian Multivariate Sampel Indonesia Tahap Kedua
Variables in the Equation
B
S.E.
Wald
df
Sig.
Exp(B)
95% C.I.for EXP(B)
Lower
Upper
Ln_EPS
,677
,188
12,990
1 ,000
1,967
1,362
2,842
Ln_PER
,495
,421
1,379
1 ,240
1,640
,718
3,747
-4,285
1,782
5,785
1 ,016
,014
Step
1a
Constant
a. Variable(s) entered on step 1: Ln_EPS, Ln_PER.
Lampiran 10 : Pengujian Multivariate Sampel Indonesia Tahap Ketiga
Variables in the Equation
B
S.E.
Wald
df
Sig.
Exp(B)
95% C.I.for EXP(B)
Lower
Step
a
1
Ln_EPS
Constant
,598
,160
13,967
1 ,000
1,819
-2,563
,773
10,999
1 ,001
,077
1,329
Upper
2,490
a. Variable(s) entered on step 1: Ln_EPS.
105
Universitas Sumatera Utara
Lampiran 11 : Pengujian Univariate Sampel Malaysia
t-test
Group Statistics
SS
N
Mean
Std. Deviation
Std. Error Mean
tidak melakukan stock split
27
-1,004097
1,0656829
,2050908
melakukan stock split
27
-1,306409
,9484450
,1825283
tidak melakukan stock split
27
1,490431
1,1390765
,2192154
melakukan stock split
27
2,061970
,9762373
,1878770
tidak melakukan stock split
27
,233181
,8438625
,1624014
melakukan stock split
27
,054815
,7729729
,1487587
LN_EPS
LN_PER
LN_PBV
Independent Samples Test
Levene's Test
t-test for Equality of Means
for Equality of
Variances
F
Sig.
t
df
Sig.
Mean
Std. Error
95% Confidence
(2-
Difference
Difference
Interval of the
tailed)
Difference
Lower
Upper
Equal variances
1,652
,204
1,101
52
,276
,3023122
,2745520
-,2486168
,8532411
1,101
51,309
,276
,3023122
,2745520
-,2487933
,8534177
,959 -1,980
52
,053
-,5715397
,2887094
assumed
LN_EPS
Equal variances not
assumed
Equal variances
,003
assumed
,0077982
1,1508775
LN_PER
Equal variances not
-1,980
50,810
,053
-,5715397
,2887094
assumed
,0081214
1,1512008
Equal variances
,023
,879
,810
52
,422
,1783662
,2202348
-,2635673
,6202997
,810
51,605
,422
,1783662
,2202348
-,2636479
,6203803
assumed
LN_PBV
Equal variances not
assumed
106
Universitas Sumatera Utara
Lampiran 12 : Pengujian Multivariate Sampel Malaysia Tahap Pertama
Logistic Regression
Variables in the Equation
B
S.E.
Wald
df
Sig.
Exp(B)
95% C.I.for
EXP(B)
Step
a
1
Lower
Upper
LN_EPS
,119
,366
,105
1
,746
1,126
,550
2,307
LN_PER
,903
,452
3,983
1
,046
2,467
1,016
5,989
LN_PBV
-,732
,460
2,532
1
,042
,481
,195
1,185
Constant
-1,326
,726
3,336
1
,068
,266
a. Variable(s) entered on step 1: LN_EPS, LN_PER, LN_PBV.
Lampiran 13 : Pengujian Multivariate Sampel Malaysia Tahap Kedua
Variables in the Equation
B
S.E.
Wald
df
Sig.
Exp(B)
95% C.I.for
EXP(B)
Lower
Upper
LN_PER
,837
,400
4,377
1
,036
2,309
1,054
5,059
LN_PBV
-,669
,416
2,581
1
,038
,512
,226
1,159
Constant
-1,359
,718
3,580
1
,058
,257
Step
1a
a. Variable(s) entered on step 1: LN_PER, LN_PBV.
107
Universitas Sumatera Utara