Pengaruh Insider Ownership, Risiko Pasar, dan Debt to Equity Ratio Terhadap Kebijakan Dividen Pada Perusahaan Manufaktur Yang Terdapat di Bursa Efek Indonesia

LAMPIRAN
LAMPIRAN 1 :
Daftar Perusahaan Manufaktur periode 2012-2014 di Bursa Efek Indonesia
NO

KODE

NAMA PERUSAHAAN

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ADES
ADMG
AISA
AKKU
AKPI
ALDO
ALKA
ALMI
ALTO
AMFG
APLI
ARGO
ARNA
ASII

AUTO
BATA
BIMA
BRAM
BRNA
BRPT
BTON
BUDI
CEKA
CINT
CLPI
CNTX
CPIN
DLTA
DPNS
DVLA
EKAD
ERTX
ESTI
ETWA

FASW
FPNI
GDST

Akasha Wira International
Polychem Indonesia
Tiga Pilar Sejahtera Food
Alam Karya Unggul
Argha Karya Prima Industry
Alkindo Naratama
Alaska Industrindo
Alumindo Light Metal Industry
Tri Banyan Tirta
Asahimas Flat Glass
Asiaplast Industries
Argo Pantes
Arwana Citra Mulia
Astra International
Astra Otoparts
Sepatu Bata

Primarindo Asia Infrastructure
Indo Kordsa
Berlina
Barito Pacific
Beton Jaya Manunggal
Budi Starch & Sweetener
Wilmar Cahaya Indonesia
Chitose International
Colorpak Indonesia
Century Textile Industry
Charoen Pokphand Indonesia
Delta Djakarta
Duta Pertiwi Nusantara
Darya-Varia Laboratoria
Ekadharma International
Eratex Djaja
Ever Shine Textile Industry
Eterindo Wahanatama
Fajar Surya Wisesa
Lotte Chemical Titan

Gunawan Dianjaya Steel

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KRITERIA
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Universitas Sumatera Utara

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GDYR
GGRM
GJTL
HDTX
HMSP
ICBP
IGAR
IKAI
IKBI
IMAS
INAI
INAF
INCI
INDF
INDR
INDS
INKP
INRU
INTP
IPOL
ITMA
JECC
JKSW
JPFA
JPRS
KAEF
KARW
KBLI
KBLM
KBRI
KDSI
KIAS
KICI
KLBF
KRAS
LION
LMSH
LMPI
LPIN
MAIN
MASA
MBTO
MERK
MLBI

Goodyear Indonesia
Gudang Garam
Gajah Tunggal
Panasia Indo Resources
HM Sampoerna
Indofood CBP Sukses Makmur
Champion Pacific Indonesia
Intikeramik Alamasri Industri
Sumi Indo Kabel
Indomobil Sukses Internasional
Indal Aluminium Industry
Indofarma Persero
Intanwijaya Internasional
Indofood Sukses Makmur
Indorama Synthetics
Indospring
Indah Kiat Pulp & Paper
Toba Pulp Lestari
Indocement Tunggal Prakarsa
Indopoly Swakarsa Industry
Itamaraya
Jembo Cable Company
Jakarta Kyoei Steel Works
JAPFA Comfeed Indonesia
Jaya Pari Steel
Kimia Farma (Persero)
ICTSI Jasa Prima
KMI Wire and Cable
Kabelindo Murni
Kertas Basuki Rachmat Indonesia
Kedawung Setia Industrial
Keramika Indonesia Assosiasi
Kedaung Indah Can
Kalbe Farma
Krakatau Steel (Persero)
Lion Metal Works
Lionmesh Prima
Langgeng Makmur Industri
Multi Prima Sejahtera
Malindo Feedmill
Multistrada Arah Sarana
Martina Berto
Merck
Multi Bintang Indonesia

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Universitas Sumatera Utara

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MLIA
MRAT
MYOR
MYRX
MYTX
NIKL
NIPS
PBRX
PICO
POLY
PRAS
PROD
PSDN
PTSN
PYFA
RICY
RMBA
ROTI

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SCCO

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SCPI
SIAP
SIMA
SIPD
SKBM
SKLT
SMCB
SMGR
SMSM
SOBI
SPMA
SQBB
SRSN
SSTM
STTP
SULI
TBMS
TCID
TFCO
TIRT
TKIM
TOTO
TPIA
TRIS
TRST

Mulia Industrindo
Mustika Ratu
Mayora Indah
Hanson International
Apac Citra Centertex
Pelat Timah Nusantara
Nipress
Pan Brother
Pelangi Indah Canindo
Asia Pacific Fibers
Prima Alloy Steel Universal
Sara Lae Body Care Indonesia
Prasidha Aneka Niaga
Sat Nusapersada
Pyridam Farma
Ricky Putra Globalindo
Bentoel Internasional Investama
Nippon Indosari Corpindo
Supreme Cable Manufacturing &
Commerce
Merck Sharp Dohme Pharma
Sekawan Intipratama
Siwani Makmur
Sierad Produce
Sekar Bumi
Sekar Laut
Holcim Indonesia
Semen Indonesia
Selamat Sempurna
Sorini Agro Asia Corporindo
Suparma
Taisho Pharmaceutical Indonesia
Indo Acidatama
Sunson Textile Manufacturer
Siantar Top
SLJ Global
Tembaga Mulia Semanan
Mandom Indonesia
Tifico Fiber Indonesia
Tirta Mahakam Resources
Pabrik Kertas Tjiwi Kimia
Surya Toto Indonesia
Chandra Asri Petrochemical
Trisula International
Trias Sentosa

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Universitas Sumatera Utara

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TSPC
ULTJ
UNIC
UNIT
UNTX
UNVR
VOKS
YPAS

Tempo Scan Pacific
Ultrajaya Milk Industry & Trading
Unggul Indah Cahaya
Nusantara Inti Corpora
Unitex
Unilever Indonesia
Voksel Electric
Yanaprima Hastapersada

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Lampiran 2 : Tabulasi data
No

Kode

1

AMFG

2

ASII

3

GGRM

4

GJTL

5

INDF

6

INDS

7

KAEF

8

KLBF

9

LION

10

SMSM

11

TCID

12

UNIC

13

AMFG

14

ASII

15

GGRM

Nama
Tahun
Perusahaan
Asahimas Flat
2012
Glass Tbk
Astra
International
2012
Tbk
Gudang Garam
2012
Tbk
Gajah Tunggal
2012
Tbk
Indofood Sukses
2012
Makmur Tbk
Indospring Tbk
Kimia Farma
(Persero) Tbk
Kalbe Farma
Tbk
Lion Metal
Works Tbk
Selamat
Sempurna Tbk
Mandom
Indonesia Tbk
Unggul Indah
Cahaya Tbk
Asahimas Flat
Glass Tbk
Astra
International
Tbk
Gudang Garam

insider
ownership
0,08
0,04
0,0009
0,0008
0

Risiko
DER DPR
Pasar
0,923
0,27 0,1
2
0,071
8
0,091
8
0,023
4
0,097
3
0,084
8
0,084
6
0,073
5
0,094
5
0,111
7
0,122
4

0,51

0,38

0,56

0,38

1,35

1,1

0,74

0,33

0,46

0,57

0,45

0,15

0,28

0,5

0,17

0,24

0,76

0,42

0,15

0,49

2012

0

2012

0

2012

0

2012

0

2012

0,06

2012

0

2012

0,04

0,945

0,78

0,72

2013

0,08

0,109
8

28,2

0,1

2013

0

0,065
8

1

0,36

2013

0

0,924

72,5

0,35

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16

GJTL

17

INDF

18

INDS

19

KAEF

20

KLBF

21

LION

22

SMSM

23

TCID

24

UNIC

25

AMFG

26

ASII

27

GGRM

28

GJTL

29

INDF

30

INDS

31

KAEF

32

KLBF

33

LION

34

SMSM

35

TCID

36

UNIC

Tbk
Gajah Tunggal
Tbk
Indofood Sukses
Makmur Tbk
Indospring Tbk
Kimia Farma
(Persero) Tbk
Kalbe Farma
Tbk
Lion Metal
Works Tbk
Selamat
Sempurna Tbk
Mandom
Indonesia Tbk
Unggul Indah
Cahaya Tbk
Asahimas Flat
Glass Tbk
Astra
International
Tbk
Gudang Garam
Tbk
Gajah Tunggal
Tbk
Indofood Sukses
Makmur Tbk
Indospring Tbk
Kimia Farma
(Persero) Tbk
Kalbe Farma
Tbk
Lion Metal
Works Tbk
Selamat
Sempurna Tbk
Mandom
Indonesia Tbk
Unggul Indah
Cahaya Tbk

2013

0,08

2013

0

2013

0

2013

0

2013

0,08

2013

0

2013

0,08

2013

0

2013

0

2014

0,08

2014

0

2014

0

2014

0,08

2014

0

2014

0

2014

0

2014

0

2014

0

2014

0,08

2014

0

2014

0

2
0,072
8
0,092
8
0,024
4
0,085
8
0,098
3
0,032
1
0,074
5
0,095
5
0,112
7
0,123
4

9
1,7

0,11

1,05

0,31

25,3

0,49

7,01

0,51

71,2
3

0,01

0,2

0,96
3

68

0,48

23

0,46

0,85

0,45

23

0,1

0,946

1

0,39

0,110
8
0,066
8
0,925
2
0,073
8
0,093
8
0,025
4
0,086
8
0,099
3
0,033
1
0,075
5

75,2
1

0,2

1,7

0,1

1,08

0,25

24,9

0,51

64,6
7

0,22

3,16

0,42

53

0,42

0,35

0,38
7

44,4

0,44

0,8

0,52

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Lampiran 3 : Hasil Uji Statistik Deskriptif
Descriptive Statistics
N
insider ownership (X1)
risiko pasar (X2)
debt to equity ratio (X3)
DPR (Y)
Valid N (listwise)

Minimum
36
36
36
36
36

.00
.02
.15
.01

Maximum
.08
.95
75.21
1.10

Mean

Std. Deviation

.0217
.1992
16.6633
.3869

.03424
.29992
25.51130
.22738

Lampiran 4 : Hasil Uji Normalitas
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N
Normal Parametersa,,b
Most Extreme Differences

Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
b. Calculated from data.

Mean
Std. Deviation
Absolute
Positive
Negative

36
.0000000
.19742981
.179
.179
-.113
1.075
.198

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Lampiran 5 : Hasil Uji Multikolinieritas
Coefficientsa
Unstandardized
Coefficients
Model
1

B
(Constant)

Standardized
Coefficients

Std. Error
.490

.051

insider ownership
(X1)

-2.809

1.024

risiko pasar (X2)

-.052

debt to equity ratio
(X3)

-.002

Beta

Collinearity
Statistics
t

Sig.

Tolerance

VIF

9.559

.000

-.423

-2.742

.010

.990

1.010

.117

-.069

-.447

.658

.997

1.003

.001

-.212

-1.374

.179

.992

1.008

a. Dependent Variable: DPR (Y)

Lampiran 6 : Hasil Uji Heteroskedastisitas

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Lampiran 7 : Hasil Uji Autokorelasi
Model Summaryb
Model

R

R Square

Adjusted R Square

Std. Error of the
Estimate

Durbin-Watson

a

1
.496
.246
.175
.20648
2.105
a. Predictors: (Constant), debt to equity ratio (X3), risiko pasar (X2), insider ownership (X1)
b. Dependent Variable: DPR (Y)

Lampiran 8 : Hasil Uji Hipotesis
Uji t
Coefficientsa
Unstandardized
Coefficients
Model
1

B
(Constant)

Standardized
Coefficients

Std. Error
.490

.051

insider owneship
(X1)

-2.809

1.024

risiko pasar (X2)

-.052

debt to equity ratio
(X3)
a. Dependent Variable: DPR (Y)

-.002

Beta

t

Sig.

9.559

.000

-.423

-2.742

.010

.117

-.069

-.447

.658

.001

-.212

-1.374

.179

Mean Square

F

Uji F
ANOVAb
Model
1

Sum of Squares
Regression

df

.445

3

.148

Residual

1.364

32

.043

Total

1.810

35

Sig.
3.482

.027a

a. Predictors: (Constant), debt to equity ratio (X3), risiko pasar (X2), insider ownership (X1)
b. Dependent Variable: DPR (Y)

Lampiran 9 : Hasil Uji Koefisien Determinasi
Model Summaryb
Model

R

R Square

Adjusted R Square

Std. Error of the
Estimate

1
.496a
.246
.175
.20648
a. Predictors: (Constant), debt to equity ratio (X3), risiko pasar (X2), insider
ownership (X1)
b. Dependent Variable: DPR (Y)

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