Analisis Faktor – Faktor Yang Mempengaruhi Nilai Perusahaan Melalui Praktek Manajemen Laba : Studi Pada Perusahaan Yang Terdaftar di Jakarta Islamic Index
LAMPIRAN 1 : DAFTAR POPULASI DAN PERUSAHAAN SAMPEL
Periode Tahun 2010 - 2014
Kriteria
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
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
Kode
AALI
ADRO
ANTM
ASII
BISI
BMTR
BRPT
BSDE
BTEL
BUMI
CTRA
DEWA
ELSA
INCO
INDY
INTP
ITMG
KLBF
LPKR
LSIP
PTBA
SGRO
SMGR
TINS
TLKM
TRUB
UNSP
UNTR
UNVR
WIKA
ASRI
BKSL
BWPT
ELTY
MNCM
SMCB
TURI
CPIN
ENGR
TRAM
AKRA
BORN
HRUM
ICBP
JPFA
KRAS
INDF
PGAS
SIMP
EXCL
JSMR
Emiten
S
Astra Agro Lestari Tbk
Adora Energy Tbk
Aneka Tambang (Persero) Tbk
Astra International Tbk
Bisi International Tbk
Global Mediacom Tbk
Barito Pasific Tbk
Bumi Serpong Damai Tbk
Bakrie Telecom Tbk
Bumi Resources Tbk
Ciputra Development Tbk
Darma Henwa Tbk
Elnusa Tbk
International Nickel Indonesia Tbk
Indika Energy Tbk
Indocement Tunggal Perkasa Tbk
Indo Tambangraya Megah Tbk
Kalbe Farma Tbk
Lippo Karawaci Tbk
London Sumatera Indonesia Tbk
Tambang Batubara Bukit Asam Tbk
Sampoerna Agro Tbk
Semen Indonesia Tbk
Timah Tbk
Telekomunikasi Indonesia Tbk
Truba Alam Manunggal Engineering Tbk
Bakrie Sumatera Plantations Tbk
United Tractors Tbk
Unilever Indonesia Tbk
Wijaya Karya Tbk
Alam Sutera Realty Tbk
Sentul City Tbk
BW Plantation Tbk
Bakrieland Development Tbk
Media Nusantara Citra Tbk
Holcim Indonesia Tbk
Tunas Ridean Tbk
Charoen Pokphand Indonesia Tbk
Energy Mega Persada Tbk
Trada Maritime Tbk
AKR Corporindo Tbk
Borneo Lumbung Energy & Metal Tbk
Harum Energy Tbk
Indofood CBP Sukses Makmur Tbk
Japfa Comfeed Indonesia Tbk
Krakatau Steel Tbk
Indofood Sukses Makmur Tbk
Perusahaan Gas Negara (Persero) Tbk
Salim Ivomas Pratama Tbk
XL Axiata Tbk
Jasa Marga (Persero) Tbk
1
2
3
4
5
6
√
√
√
√
√
√
√
√
√
√
√
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
S-1
S-2
S-3
S-4
S-5
S-6
S-7
S-8
S-9
S-10
S-11
S-12
-
116
Universitas Sumatera Utara
Lanjutan Lampiran 1
52
53
54
55
56
MAPI
MPPA
PWON
SMRA
SILO
Mitra Adiperkasa Tbk
Matahari Putra Prima Tbk
Pakuwon Jati Tbk
Summarecon Agung Tbk
Siloan International Hospitals Tbk
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
-
Sumber : Daftar Populasi dan Perusahaan Sampel diolah Peneliti, sumber
www.idx.co.id (Diakses tanggal 21 Mei 2015)
117
Universitas Sumatera Utara
LAMPIRAN 2 : TABULASI DATA VARIABEL TAHUN 2010 - 2014
No.
Tahun
Kode
NP (Y)
MLR
(Z)
KI (X1)
KomInd
(X2)
1
2010
AALI
0,3680
0,1797
0,2797
0,4865
UD
K
(X3)
7
ASII
0,0400
0,6781
0,2216
0,4865
10
2
AKB (X4)
UP (X5)
Leverag
e (X6)
255.898
879.179
0,1743
-247.000
112.857
0,6908
3
INTP
0,8370
0,1232
0,1726
0,4595
6
336.214
153.462
0,1515
4
ITMG
0,1541
0,6922
0,3170
0,4054
6
-945.600
108.971
0,6013
5
KLBF
0,0540
0,6683
0,3010
0,3649
6
-148.029
703.249
0,5098
6
LPKR
0,2500
0,8547
0,2163
0,2568
8
-114.100
161.554
0,8664
7
LSIP
0,2480
0,6271
0,1303
0,5541
9
112.742
556.143
0,5697
8
PTBA
0,5660
0,7455
0,2358
0,3108
5
190.805
872.269
0,7088
9
SMGR
0,2020
0,2201
0,1757
0,4324
6
333.059
155.629
0,2914
10
TLKM
0,0590
0,5247
0,2536
0,5135
5
219.300
100.501
0,5057
11
UNTR
0,0080
0,4800
0,2913
0,5676
4
225.929
297.009
0,5060
12
UNVR
0,6140
0,5169
0,1315
0,4865
4
297.576
870.126
0,5361
AALI
0,0890
0,4507
0,1693
0,5541
7
280.151
102.045
0,4543
14
ASII
0,2746
0,5542
0,7662
0,4324
11
194.400
153.521
0,5442
15
INTP
0,3703
0,6117
0,1934
0,5135
7
283.976
181.513
0,6557
16
ITMG
0,0190
0,1990
0,1214
0,5676
6
281.401
157.847
0,2295
17
KLBF
0,8600
0,1434
0,1595
0,4865
6
-166.011
827.455
0,1315
18
LPKR
0,3100
0,3661
0,7842
0,5405
7
584.634
182.592
0,3612
19
LSIP
0,1048
0,1902
0,1251
0,5135
9
148.025
679.186
0,2761
20
PTBA
0,0600
0,3659
0,6432
0,5676
6
292.996
115.071
0,3543
21
SMGR
0,2270
0,1851
0,1147
0,4865
6
438.164
196.616
0,2240
22
TLKM
0,0310
0,5921
0,6048
0,5541
5
251.940
103.054
0,6180
23
UNTR
0,1180
0,5748
0,2158
0,3108
4
101.711
464.401
0,6027
24
UNVR
0,1930
0,6370
0,9575
0,4324
5
472.136
104.823
0,5080
AALI
0,2890
0,4383
0,1569
0,4865
7
211.378
124.198
0,4484
ASII
0,0160
0,3697
0,1687
0,4595
10
115.300
182.274
0,3245
13
25
2011
2012
26
27
INTP
0,0760
0,4009
0,1039
0,4054
7
257.462
227.552
0,5107
28
ITMG
0,1560
0,5111
0,6438
0,3649
6
400.824
149.122
0,5752
29
KLBF
0,0030
0,5866
0,1639
0,4324
6
-196.401
941.787
0,4100
30
LPKR
0,6680
0,2267
0,5259
0,5135
7
836.197
248.693
0,3367
31
LSIP
0,1760
0,0680
0,4505
0,5676
9
109.169
755.179
0,6140
32
PTBA
0,0460
0,3538
0,5644
0,4865
6
147.844
127.289
0,4477
33
SMGR
0,0240
0,6239
0,1703
0,5404
6
541.679
265.791
0,6518
34
TLKM
0,0680
0,7115
0,3641
0,5135
5
571.000
111.369
0,4533
35
UNTR
0,0030
0,5043
0,7270
0,4865
6
298.103
503.006
0,3539
36
UNVR
0,0390
0,2120
0,1048
0,5000
5
432.372
119.849
0,3326
AALI
0,2693
0,1626
0,2416
0,4189
7
250.134
149.632
0,1770
ASII
0,0990
0,1457
0,3040
0,4459
10
121.380
213.994
0,2499
37
38
2013
118
Universitas Sumatera Utara
Lanjutan Lampiran 2
39
INTP
0,1913
0,3211
0,1202
0,3784
7
376.458
266.072
0,3131
40
ITMG
0,0550
0,2500
0,1731
0,2568
6
135.722
139.214
0,2159
41
KLBF
0,6010
0,2760
0,1484
0,3108
6
922.314
113.151
0,3310
42
LPKR
0,1040
0,4319
0,1259
0,5676
8
151.870
313.004
0,3943
43
LSIP
0,0100
0,5701
0,2468
0,4865
8
930.399
79.749
0,5907
44
PTBA
0,1246
0,3514
0,2490
0,5404
6
140.681
116.772
0,4634
45
SMGR
0,1990
0,8156
0,2737
0,5135
6
443.812
307.929
0,8843
46
TLKM
0,0010
0,6189
0,9190
0,4865
6
913.400
127.951
0,5628
47
UNTR
0,0180
0,6380
0,1604
0,5000
7
966.536
573.622
0,6393
48
UNVR
0,1870
0,7508
0,3010
0,4189
5
496.726
133.482
0,6975
AALI
0,2360
0,6600
0,2355
0,4459
6
238.665
185.583
0,6165
49
2014
50
ASII
0,0300
0,6428
0,2150
0,5676
11
427.900
236.029
0,6440
51
INTP
0,2090
0,4858
0,5930
0,4865
7
376.458
288.850
0,4729
52
ITMG
0,1053
0,6325
0,1932
0,5404
6
699.320
130.735
0,6176
53
KLBF
0,1373
0,5023
0,6287
0,5135
6
272.128
124.250
0,4735
54
LPKR
0,0110
0,1561
0,1339
0,4865
9
281.067
377.612
0,1828
55
LSIP
0,3900
0,2330
0,2604
0,5000
8
125.691
865.515
0,2693
56
PTBA
0,4910
0,4899
0,9090
0,4459
6
979.374
148.120
0,5100
57
SMGR
0,0780
0,7049
0,3128
0,4324
7
633.825
343.147
0,4453
58
TLKM
0,5523
0,1768
0,3710
0,5135
7
303.000
140.895
0,6955
59
UNTR
0,4690
0,2548
0,4860
0,5676
7
676.935
602.920
0,4376
60
UNVR
0,3890
0,2466
0,2466
0,4865
5
460.363
142.807
0,1332
Sumber : Tabulasi Data Variabel diolah Peneliti,2015
119
Universitas Sumatera Utara
LAMPIRAN 3 : DESKRIPTIF STATISTIK
Descriptive Statistics
Nilai Perusahaan (Y)
KI (X1)
Kom Independen (X2)
UDK (X3)
AKB (X4)
UP (X5)
Leverage (X6)
MLR (Z)
Valid N (listwise)
N
Minimum
Maximum
60
60
60
60
60
60
60
60
60
,0010
,1039
,2568
4
-945600
79749
,1315
,0680
,8600
,9575
,5676
11
979374
941787
,8843
,8547
Mean
2,09632
,326232
,472520
6,70
312156,70
301936,95
,459125
,445085
Std. Deviation
,2122652
,2286965
,0768841
1,619
325079,417
253076,309
,1803749
,2075491
Sumber : Hasil Penelitian, 2015 (Data Diolah)
120
Universitas Sumatera Utara
LAMPIRAN 4 : UJI NORMALITAS
One-Sample Kolmogorov-Smirnov Test
Unstandardiz
ed Residual
N
Normal Parametersa,b
Mean
Std.
Deviation
Absolute
Positive
Negative
Most Extreme
Differences
60
,0000000
,18424874
,087
,087
-,067
,087
,200
Test Statistic
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
b. Calculated from data.
Sumber : Hasil Penelitian, 2015 (Data Diolah)
121
Universitas Sumatera Utara
122
Universitas Sumatera Utara
LAMPIRAN 5 : UJI HETEROSKEDASTISITAS
123
Universitas Sumatera Utara
LAMPIRAN 6 : UJI MULTIKOLONIERITAS
Coefficientsa
Collinearity Statistics
Model
Tolerance
(Constant)
KI (X1)
Kom Independen (X2)
UDK (X3)
AKB (X4)
UP (X5)
Leverage (X6)
MLR (Z)
a. Dependent Variable: Y
VIF
1
,882
,897
,920
,856
,921
,357
,340
1,133
1,114
1,087
1,168
1,085
2,802
2,942
Sumber : Hasil Penelitian, 2015 (Data Diolah)
124
Universitas Sumatera Utara
LAMPIRAN 7 : UJI AUTOKORELASI
Model
1
R
,497a
R
Square
Adjusted R
Square
,247
,145
Std. Error of
the Estimate
,1962587
DurbinWatson
1,892
Sumber : Lampiran 7 (Data Diolah, 2015)
125
Universitas Sumatera Utara
LAMPIRAN 8 : HASIL UJI HIPOTESIS 1
Uji Koefisien Determinasi
Model Summary
Model
R
R Square
Adjusted R
Square
Std. Error of
the Estimate
1
,386a
,149
,053
a. Predictors: (Constant),
Leverage(X6),AKB(X4),UDK(X3),UP(X5),Kom
Independen(X2),KI( X1)
b. Dependent Variable: Nilai Perusahaan (Y)
,2065830
Sumber : Hasil Penelitian, 2015 (Data Diolah)
Uji Statistik F (Uji Simultan)
ANOVAa
Model
Sum of
Squares
Df
Mean Square
1
Regression
,396
6
,066
Residual
2,262
53
,043
Total
2,658
59
a. Dependent Variable: Nilai Perusahaan (Y)
b. Predictors: (Constant), MLR(Z),AKB(X4),UDK(X3),UP(X5),Kom
Independen(X2),KI(X1),Leverage( X6)
F
Sig.
2,548
,021b
t
Sig.
Sumber : Hasil Penelitian, 2015 (Data Diolah)
Uji Statistik t (Uji Parsial)
Coefficientsa
Unstandardized
Coefficients
B
Std.
Error
Standardized
Coefficients
Beta
Model
1 (Constant)
,472
KI (X1)
,035
Kom Independen (X2)
-,422
UDK (X3)
-,012
AKB (X4)
1,051E-7
UP (X5)
2,313E-7
Leverage (X6)
-,210
a. Dependent Variable: Nilai Perusahaan (Y)
,211
,125
,362
,017
,000
,000
,152
,038
-,153
-,092
,161
,267
-,179
2,241
,281
-1,166
-,708
2,177
2,090
-1,388
,029
,780
,249
,482
,044
,041
,171
Sumber : Hasil Penelitian, 2015 (Data Diolah)
126
Universitas Sumatera Utara
LAMPIRAN 9 : HASIL UJI HIPOTESIS 2
Uji Koefisien Determinasi
Model Summary
Model
R
R Square
Adjusted R
Square
1
,308a
,095
a. Predictors: (Constant), MLR (Z)
Std. Error of
the Estimate
,079
,2037023
Sumber : Hasil Penelitian, 2015 (Data Diolah)
Uji Statistik t
Coefficientsa
Unstandardized Coefficients
Model
1
B
Std. Error
(Constant)
,350
MLR (Z)
-,315
a. Dependent Variable: Nilai Perusahaan ( Y)
,063
,128
Standardized
Coefficients
t
Beta
-,308
5,581
-2,463
Sig.
,000
,017
Sumber : Hasil Penelitian, 2015 (Data Diolah)
127
Universitas Sumatera Utara
LAMPIRAN 10 : HASIL UJI HIPOTESIS 3
Uji Path Analysis untuk Persamaan Sub Struktural 1
Coefficientsa
Unstandardized
Coefficients
Model
Std.
Error
B
1
(Constant)
,285
KI (X1)
,040
Kom Independen (X2)
-,330
UDK (X3)
-,014
AKB (X4)
-1,999E-8
UP (X5)
-1,348E-8
Leberage (X6)
,893
a. Dependent Variable: MLR (Z)
Standardized
Coefficients
t
Beta
,130
,077
,224
,011
,000
,000
,094
2,187
,514
-1,475
-1,368
-,362
-,197
9,541
,044
-,122
-,112
-,031
-,016
,776
Sig.
,033
,609
,146
,177
,719
,845
,000
Sumber : Hasil Penelitian, 2015 (Data Diolah)
ANOVAa
Sum of
Squares
Model
Df
Mean
Square
F
1 Regression
1,678
6
,280
17,152
Residual
,864
53
,016
Total
2,542
59
a. Dependent Variable: MLR (Z)
b. Predictors: (Constant), Leverage(X6),AKB(X4),UDK(X3),UP(X5),Kom
Independen(X2),KI(X1)
Sig.
,000b
Sumber : Hasil Penelitian, 2015 (Data Diolah)
Model Summary
R Square
Model
R
Adjusted R
Square
Std. Error of the
Estimate
1
,812a
,660
,622
,1276744
a. Predictors: (Constant), Leverage(X6),AKB(X4),UDK(X3), UP(X5),Kom
Independen(X2),KI(X1)
b. Dependent Variable: MLR (Z)
Sumber : Hasil Penelitian, 2015 (Data Diolah).
128
Universitas Sumatera Utara
LAMPIRAN 10 : HASIL UJI HIPOTESIS 3
Uji Path Analysis untuk Persamaan Sub Struktural 2
Coefficientsa
Unstandardized
Coefficients
Model
Standardized
Coefficients
Std.
Error
B
1 (Constant)
,628
KI (X1)
,075
Kom Independen (X2)
-,603
UDK (X3)
-,020
AKB (X4)
9,417E-8
UP (X5)
2,239E-7
Leverage (X6)
,279
MLR (Z)
-,547
a. Dependent Variable: Nilai Perusahaan (Y)
,209
,119
,351
,016
,000
,000
,237
,211
Sig.
t
Beta
3,005
,478
-1,718
-1,212
1,109
2,129
1,175
-2,593
,061
-,218
-,152
,144
,267
-,237
-,535
,004
,635
,092
,231
,043
,038
,245
,012
Sumber : Hasil Penelitian, 2015 (Data Diolah)
ANOVAa
Sum of
Squares
Model
Mean
Square
Df
F
1 Regression
,655
7
,094
2,431
Residual
2,003
52
,039
Total
2,658
59
a. Dependent Variable: Nilai Perusahaan (Y)
b. Predictors: (Constant), MLR(Z),AKB(X4),UDK(X3),UP(X5),Kom
Independen(X2),KI(X1),Leverage(X6)
Sig.
,031b
Sumber : Hasil Penelitian, 2015 (Data Diolah)
Model Summary
R Square
Model
Adjusted R
Square
R
Std. Error of the
Estimate
1
,497a
,247
,145
a. Predictors: (Constant), MLR(Z),AKB(X4),UDK(X3), UP(X5),Kom
Independen(X2),KI(X1),Leverage(X6)
b. Dependent Variable: Nilai Perusahaan (Y)
,1962587
Sumber : Hasil Penelitian, 2015 (Data Diolah)
129
Universitas Sumatera Utara
LAMPIRAN 12 : PENGARUH LANGSUNG, TIDAK LANGSUNG DAN
TOTAL
Pengaruh
Variabel dalam
Path Analysis
Pengaruh
Langsung
Pengaruh Tidak
Langsung
Pengaruh Total
X1 → Z (p7)
0,040
-
0,040
X2 → Z (p8)
-0,330
-
-0,330
X3 → Z (p9)
-0,014
-
-0,014
X4 → Z (p10)
-1,999
-
-1,999
X5 → Z (p11)
-1,348
-
-1,348
X6 → Z (p12)
0,893
-
0,893
Z → Y (p13)
-0,547
-
-0,547
X1 → Y (p1)
0,075
-0,02188
0,05312
X2 → Y (p2)
-0,603
0,18051
-0,42249
X3 → Y (p3)
-0,020
0,007658
-0,012342
X4 → Y (p4)
9,417
1,093453
10,510453
X5 → Y (p5)
2,239
0,737356
2,976356
0,279
0,488471
Sumber : Hasil Penelitian, 2015 (Data Diolah)
0,767471
X6 → Y (p6)
130
Universitas Sumatera Utara
131
Universitas Sumatera Utara
Periode Tahun 2010 - 2014
Kriteria
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
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
Kode
AALI
ADRO
ANTM
ASII
BISI
BMTR
BRPT
BSDE
BTEL
BUMI
CTRA
DEWA
ELSA
INCO
INDY
INTP
ITMG
KLBF
LPKR
LSIP
PTBA
SGRO
SMGR
TINS
TLKM
TRUB
UNSP
UNTR
UNVR
WIKA
ASRI
BKSL
BWPT
ELTY
MNCM
SMCB
TURI
CPIN
ENGR
TRAM
AKRA
BORN
HRUM
ICBP
JPFA
KRAS
INDF
PGAS
SIMP
EXCL
JSMR
Emiten
S
Astra Agro Lestari Tbk
Adora Energy Tbk
Aneka Tambang (Persero) Tbk
Astra International Tbk
Bisi International Tbk
Global Mediacom Tbk
Barito Pasific Tbk
Bumi Serpong Damai Tbk
Bakrie Telecom Tbk
Bumi Resources Tbk
Ciputra Development Tbk
Darma Henwa Tbk
Elnusa Tbk
International Nickel Indonesia Tbk
Indika Energy Tbk
Indocement Tunggal Perkasa Tbk
Indo Tambangraya Megah Tbk
Kalbe Farma Tbk
Lippo Karawaci Tbk
London Sumatera Indonesia Tbk
Tambang Batubara Bukit Asam Tbk
Sampoerna Agro Tbk
Semen Indonesia Tbk
Timah Tbk
Telekomunikasi Indonesia Tbk
Truba Alam Manunggal Engineering Tbk
Bakrie Sumatera Plantations Tbk
United Tractors Tbk
Unilever Indonesia Tbk
Wijaya Karya Tbk
Alam Sutera Realty Tbk
Sentul City Tbk
BW Plantation Tbk
Bakrieland Development Tbk
Media Nusantara Citra Tbk
Holcim Indonesia Tbk
Tunas Ridean Tbk
Charoen Pokphand Indonesia Tbk
Energy Mega Persada Tbk
Trada Maritime Tbk
AKR Corporindo Tbk
Borneo Lumbung Energy & Metal Tbk
Harum Energy Tbk
Indofood CBP Sukses Makmur Tbk
Japfa Comfeed Indonesia Tbk
Krakatau Steel Tbk
Indofood Sukses Makmur Tbk
Perusahaan Gas Negara (Persero) Tbk
Salim Ivomas Pratama Tbk
XL Axiata Tbk
Jasa Marga (Persero) Tbk
1
2
3
4
5
6
√
√
√
√
√
√
√
√
√
√
√
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
S-1
S-2
S-3
S-4
S-5
S-6
S-7
S-8
S-9
S-10
S-11
S-12
-
116
Universitas Sumatera Utara
Lanjutan Lampiran 1
52
53
54
55
56
MAPI
MPPA
PWON
SMRA
SILO
Mitra Adiperkasa Tbk
Matahari Putra Prima Tbk
Pakuwon Jati Tbk
Summarecon Agung Tbk
Siloan International Hospitals Tbk
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
-
Sumber : Daftar Populasi dan Perusahaan Sampel diolah Peneliti, sumber
www.idx.co.id (Diakses tanggal 21 Mei 2015)
117
Universitas Sumatera Utara
LAMPIRAN 2 : TABULASI DATA VARIABEL TAHUN 2010 - 2014
No.
Tahun
Kode
NP (Y)
MLR
(Z)
KI (X1)
KomInd
(X2)
1
2010
AALI
0,3680
0,1797
0,2797
0,4865
UD
K
(X3)
7
ASII
0,0400
0,6781
0,2216
0,4865
10
2
AKB (X4)
UP (X5)
Leverag
e (X6)
255.898
879.179
0,1743
-247.000
112.857
0,6908
3
INTP
0,8370
0,1232
0,1726
0,4595
6
336.214
153.462
0,1515
4
ITMG
0,1541
0,6922
0,3170
0,4054
6
-945.600
108.971
0,6013
5
KLBF
0,0540
0,6683
0,3010
0,3649
6
-148.029
703.249
0,5098
6
LPKR
0,2500
0,8547
0,2163
0,2568
8
-114.100
161.554
0,8664
7
LSIP
0,2480
0,6271
0,1303
0,5541
9
112.742
556.143
0,5697
8
PTBA
0,5660
0,7455
0,2358
0,3108
5
190.805
872.269
0,7088
9
SMGR
0,2020
0,2201
0,1757
0,4324
6
333.059
155.629
0,2914
10
TLKM
0,0590
0,5247
0,2536
0,5135
5
219.300
100.501
0,5057
11
UNTR
0,0080
0,4800
0,2913
0,5676
4
225.929
297.009
0,5060
12
UNVR
0,6140
0,5169
0,1315
0,4865
4
297.576
870.126
0,5361
AALI
0,0890
0,4507
0,1693
0,5541
7
280.151
102.045
0,4543
14
ASII
0,2746
0,5542
0,7662
0,4324
11
194.400
153.521
0,5442
15
INTP
0,3703
0,6117
0,1934
0,5135
7
283.976
181.513
0,6557
16
ITMG
0,0190
0,1990
0,1214
0,5676
6
281.401
157.847
0,2295
17
KLBF
0,8600
0,1434
0,1595
0,4865
6
-166.011
827.455
0,1315
18
LPKR
0,3100
0,3661
0,7842
0,5405
7
584.634
182.592
0,3612
19
LSIP
0,1048
0,1902
0,1251
0,5135
9
148.025
679.186
0,2761
20
PTBA
0,0600
0,3659
0,6432
0,5676
6
292.996
115.071
0,3543
21
SMGR
0,2270
0,1851
0,1147
0,4865
6
438.164
196.616
0,2240
22
TLKM
0,0310
0,5921
0,6048
0,5541
5
251.940
103.054
0,6180
23
UNTR
0,1180
0,5748
0,2158
0,3108
4
101.711
464.401
0,6027
24
UNVR
0,1930
0,6370
0,9575
0,4324
5
472.136
104.823
0,5080
AALI
0,2890
0,4383
0,1569
0,4865
7
211.378
124.198
0,4484
ASII
0,0160
0,3697
0,1687
0,4595
10
115.300
182.274
0,3245
13
25
2011
2012
26
27
INTP
0,0760
0,4009
0,1039
0,4054
7
257.462
227.552
0,5107
28
ITMG
0,1560
0,5111
0,6438
0,3649
6
400.824
149.122
0,5752
29
KLBF
0,0030
0,5866
0,1639
0,4324
6
-196.401
941.787
0,4100
30
LPKR
0,6680
0,2267
0,5259
0,5135
7
836.197
248.693
0,3367
31
LSIP
0,1760
0,0680
0,4505
0,5676
9
109.169
755.179
0,6140
32
PTBA
0,0460
0,3538
0,5644
0,4865
6
147.844
127.289
0,4477
33
SMGR
0,0240
0,6239
0,1703
0,5404
6
541.679
265.791
0,6518
34
TLKM
0,0680
0,7115
0,3641
0,5135
5
571.000
111.369
0,4533
35
UNTR
0,0030
0,5043
0,7270
0,4865
6
298.103
503.006
0,3539
36
UNVR
0,0390
0,2120
0,1048
0,5000
5
432.372
119.849
0,3326
AALI
0,2693
0,1626
0,2416
0,4189
7
250.134
149.632
0,1770
ASII
0,0990
0,1457
0,3040
0,4459
10
121.380
213.994
0,2499
37
38
2013
118
Universitas Sumatera Utara
Lanjutan Lampiran 2
39
INTP
0,1913
0,3211
0,1202
0,3784
7
376.458
266.072
0,3131
40
ITMG
0,0550
0,2500
0,1731
0,2568
6
135.722
139.214
0,2159
41
KLBF
0,6010
0,2760
0,1484
0,3108
6
922.314
113.151
0,3310
42
LPKR
0,1040
0,4319
0,1259
0,5676
8
151.870
313.004
0,3943
43
LSIP
0,0100
0,5701
0,2468
0,4865
8
930.399
79.749
0,5907
44
PTBA
0,1246
0,3514
0,2490
0,5404
6
140.681
116.772
0,4634
45
SMGR
0,1990
0,8156
0,2737
0,5135
6
443.812
307.929
0,8843
46
TLKM
0,0010
0,6189
0,9190
0,4865
6
913.400
127.951
0,5628
47
UNTR
0,0180
0,6380
0,1604
0,5000
7
966.536
573.622
0,6393
48
UNVR
0,1870
0,7508
0,3010
0,4189
5
496.726
133.482
0,6975
AALI
0,2360
0,6600
0,2355
0,4459
6
238.665
185.583
0,6165
49
2014
50
ASII
0,0300
0,6428
0,2150
0,5676
11
427.900
236.029
0,6440
51
INTP
0,2090
0,4858
0,5930
0,4865
7
376.458
288.850
0,4729
52
ITMG
0,1053
0,6325
0,1932
0,5404
6
699.320
130.735
0,6176
53
KLBF
0,1373
0,5023
0,6287
0,5135
6
272.128
124.250
0,4735
54
LPKR
0,0110
0,1561
0,1339
0,4865
9
281.067
377.612
0,1828
55
LSIP
0,3900
0,2330
0,2604
0,5000
8
125.691
865.515
0,2693
56
PTBA
0,4910
0,4899
0,9090
0,4459
6
979.374
148.120
0,5100
57
SMGR
0,0780
0,7049
0,3128
0,4324
7
633.825
343.147
0,4453
58
TLKM
0,5523
0,1768
0,3710
0,5135
7
303.000
140.895
0,6955
59
UNTR
0,4690
0,2548
0,4860
0,5676
7
676.935
602.920
0,4376
60
UNVR
0,3890
0,2466
0,2466
0,4865
5
460.363
142.807
0,1332
Sumber : Tabulasi Data Variabel diolah Peneliti,2015
119
Universitas Sumatera Utara
LAMPIRAN 3 : DESKRIPTIF STATISTIK
Descriptive Statistics
Nilai Perusahaan (Y)
KI (X1)
Kom Independen (X2)
UDK (X3)
AKB (X4)
UP (X5)
Leverage (X6)
MLR (Z)
Valid N (listwise)
N
Minimum
Maximum
60
60
60
60
60
60
60
60
60
,0010
,1039
,2568
4
-945600
79749
,1315
,0680
,8600
,9575
,5676
11
979374
941787
,8843
,8547
Mean
2,09632
,326232
,472520
6,70
312156,70
301936,95
,459125
,445085
Std. Deviation
,2122652
,2286965
,0768841
1,619
325079,417
253076,309
,1803749
,2075491
Sumber : Hasil Penelitian, 2015 (Data Diolah)
120
Universitas Sumatera Utara
LAMPIRAN 4 : UJI NORMALITAS
One-Sample Kolmogorov-Smirnov Test
Unstandardiz
ed Residual
N
Normal Parametersa,b
Mean
Std.
Deviation
Absolute
Positive
Negative
Most Extreme
Differences
60
,0000000
,18424874
,087
,087
-,067
,087
,200
Test Statistic
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
b. Calculated from data.
Sumber : Hasil Penelitian, 2015 (Data Diolah)
121
Universitas Sumatera Utara
122
Universitas Sumatera Utara
LAMPIRAN 5 : UJI HETEROSKEDASTISITAS
123
Universitas Sumatera Utara
LAMPIRAN 6 : UJI MULTIKOLONIERITAS
Coefficientsa
Collinearity Statistics
Model
Tolerance
(Constant)
KI (X1)
Kom Independen (X2)
UDK (X3)
AKB (X4)
UP (X5)
Leverage (X6)
MLR (Z)
a. Dependent Variable: Y
VIF
1
,882
,897
,920
,856
,921
,357
,340
1,133
1,114
1,087
1,168
1,085
2,802
2,942
Sumber : Hasil Penelitian, 2015 (Data Diolah)
124
Universitas Sumatera Utara
LAMPIRAN 7 : UJI AUTOKORELASI
Model
1
R
,497a
R
Square
Adjusted R
Square
,247
,145
Std. Error of
the Estimate
,1962587
DurbinWatson
1,892
Sumber : Lampiran 7 (Data Diolah, 2015)
125
Universitas Sumatera Utara
LAMPIRAN 8 : HASIL UJI HIPOTESIS 1
Uji Koefisien Determinasi
Model Summary
Model
R
R Square
Adjusted R
Square
Std. Error of
the Estimate
1
,386a
,149
,053
a. Predictors: (Constant),
Leverage(X6),AKB(X4),UDK(X3),UP(X5),Kom
Independen(X2),KI( X1)
b. Dependent Variable: Nilai Perusahaan (Y)
,2065830
Sumber : Hasil Penelitian, 2015 (Data Diolah)
Uji Statistik F (Uji Simultan)
ANOVAa
Model
Sum of
Squares
Df
Mean Square
1
Regression
,396
6
,066
Residual
2,262
53
,043
Total
2,658
59
a. Dependent Variable: Nilai Perusahaan (Y)
b. Predictors: (Constant), MLR(Z),AKB(X4),UDK(X3),UP(X5),Kom
Independen(X2),KI(X1),Leverage( X6)
F
Sig.
2,548
,021b
t
Sig.
Sumber : Hasil Penelitian, 2015 (Data Diolah)
Uji Statistik t (Uji Parsial)
Coefficientsa
Unstandardized
Coefficients
B
Std.
Error
Standardized
Coefficients
Beta
Model
1 (Constant)
,472
KI (X1)
,035
Kom Independen (X2)
-,422
UDK (X3)
-,012
AKB (X4)
1,051E-7
UP (X5)
2,313E-7
Leverage (X6)
-,210
a. Dependent Variable: Nilai Perusahaan (Y)
,211
,125
,362
,017
,000
,000
,152
,038
-,153
-,092
,161
,267
-,179
2,241
,281
-1,166
-,708
2,177
2,090
-1,388
,029
,780
,249
,482
,044
,041
,171
Sumber : Hasil Penelitian, 2015 (Data Diolah)
126
Universitas Sumatera Utara
LAMPIRAN 9 : HASIL UJI HIPOTESIS 2
Uji Koefisien Determinasi
Model Summary
Model
R
R Square
Adjusted R
Square
1
,308a
,095
a. Predictors: (Constant), MLR (Z)
Std. Error of
the Estimate
,079
,2037023
Sumber : Hasil Penelitian, 2015 (Data Diolah)
Uji Statistik t
Coefficientsa
Unstandardized Coefficients
Model
1
B
Std. Error
(Constant)
,350
MLR (Z)
-,315
a. Dependent Variable: Nilai Perusahaan ( Y)
,063
,128
Standardized
Coefficients
t
Beta
-,308
5,581
-2,463
Sig.
,000
,017
Sumber : Hasil Penelitian, 2015 (Data Diolah)
127
Universitas Sumatera Utara
LAMPIRAN 10 : HASIL UJI HIPOTESIS 3
Uji Path Analysis untuk Persamaan Sub Struktural 1
Coefficientsa
Unstandardized
Coefficients
Model
Std.
Error
B
1
(Constant)
,285
KI (X1)
,040
Kom Independen (X2)
-,330
UDK (X3)
-,014
AKB (X4)
-1,999E-8
UP (X5)
-1,348E-8
Leberage (X6)
,893
a. Dependent Variable: MLR (Z)
Standardized
Coefficients
t
Beta
,130
,077
,224
,011
,000
,000
,094
2,187
,514
-1,475
-1,368
-,362
-,197
9,541
,044
-,122
-,112
-,031
-,016
,776
Sig.
,033
,609
,146
,177
,719
,845
,000
Sumber : Hasil Penelitian, 2015 (Data Diolah)
ANOVAa
Sum of
Squares
Model
Df
Mean
Square
F
1 Regression
1,678
6
,280
17,152
Residual
,864
53
,016
Total
2,542
59
a. Dependent Variable: MLR (Z)
b. Predictors: (Constant), Leverage(X6),AKB(X4),UDK(X3),UP(X5),Kom
Independen(X2),KI(X1)
Sig.
,000b
Sumber : Hasil Penelitian, 2015 (Data Diolah)
Model Summary
R Square
Model
R
Adjusted R
Square
Std. Error of the
Estimate
1
,812a
,660
,622
,1276744
a. Predictors: (Constant), Leverage(X6),AKB(X4),UDK(X3), UP(X5),Kom
Independen(X2),KI(X1)
b. Dependent Variable: MLR (Z)
Sumber : Hasil Penelitian, 2015 (Data Diolah).
128
Universitas Sumatera Utara
LAMPIRAN 10 : HASIL UJI HIPOTESIS 3
Uji Path Analysis untuk Persamaan Sub Struktural 2
Coefficientsa
Unstandardized
Coefficients
Model
Standardized
Coefficients
Std.
Error
B
1 (Constant)
,628
KI (X1)
,075
Kom Independen (X2)
-,603
UDK (X3)
-,020
AKB (X4)
9,417E-8
UP (X5)
2,239E-7
Leverage (X6)
,279
MLR (Z)
-,547
a. Dependent Variable: Nilai Perusahaan (Y)
,209
,119
,351
,016
,000
,000
,237
,211
Sig.
t
Beta
3,005
,478
-1,718
-1,212
1,109
2,129
1,175
-2,593
,061
-,218
-,152
,144
,267
-,237
-,535
,004
,635
,092
,231
,043
,038
,245
,012
Sumber : Hasil Penelitian, 2015 (Data Diolah)
ANOVAa
Sum of
Squares
Model
Mean
Square
Df
F
1 Regression
,655
7
,094
2,431
Residual
2,003
52
,039
Total
2,658
59
a. Dependent Variable: Nilai Perusahaan (Y)
b. Predictors: (Constant), MLR(Z),AKB(X4),UDK(X3),UP(X5),Kom
Independen(X2),KI(X1),Leverage(X6)
Sig.
,031b
Sumber : Hasil Penelitian, 2015 (Data Diolah)
Model Summary
R Square
Model
Adjusted R
Square
R
Std. Error of the
Estimate
1
,497a
,247
,145
a. Predictors: (Constant), MLR(Z),AKB(X4),UDK(X3), UP(X5),Kom
Independen(X2),KI(X1),Leverage(X6)
b. Dependent Variable: Nilai Perusahaan (Y)
,1962587
Sumber : Hasil Penelitian, 2015 (Data Diolah)
129
Universitas Sumatera Utara
LAMPIRAN 12 : PENGARUH LANGSUNG, TIDAK LANGSUNG DAN
TOTAL
Pengaruh
Variabel dalam
Path Analysis
Pengaruh
Langsung
Pengaruh Tidak
Langsung
Pengaruh Total
X1 → Z (p7)
0,040
-
0,040
X2 → Z (p8)
-0,330
-
-0,330
X3 → Z (p9)
-0,014
-
-0,014
X4 → Z (p10)
-1,999
-
-1,999
X5 → Z (p11)
-1,348
-
-1,348
X6 → Z (p12)
0,893
-
0,893
Z → Y (p13)
-0,547
-
-0,547
X1 → Y (p1)
0,075
-0,02188
0,05312
X2 → Y (p2)
-0,603
0,18051
-0,42249
X3 → Y (p3)
-0,020
0,007658
-0,012342
X4 → Y (p4)
9,417
1,093453
10,510453
X5 → Y (p5)
2,239
0,737356
2,976356
0,279
0,488471
Sumber : Hasil Penelitian, 2015 (Data Diolah)
0,767471
X6 → Y (p6)
130
Universitas Sumatera Utara
131
Universitas Sumatera Utara