Pengaruh Corporate Governance Terhadap kinerja perusahaan pada Perusahaan Pulpa & Kertas yang terdaftar di Bursa Efek Indonesia
Lampiran 1
Corporate Governace tahun 2010-2013
No
Nama Perusahaan
Kode
1
2
3
4
5
6
7
8
9
10
PT ABM Investama Tbk
PT Bhakti Investama Tbk
PT Global Mediacom Tbk
PT Bakrie and Brothers Tbk
PT Bumi Resources Minerals Tbk
PT Multipolar Tbk
PT Hanson International Tbk
PT Polaris Investama Tbk
PT Pool Advista Indonesia Tbk
PT Saratoga Investama Sedaya Tbk
ABMM
BHIT
BMTR
BNBR
BRMS
MLPL
MYRX
PLAS
POOL
SRTG
Corporate Governace (X1)
2010 2011 2012
2013
56.25
75
50
50
73.33
80
80
80
38.88 38.55 38.55
30.55
35.13 35.13 15.13
15.13
34.69 34.69 46.93
32.65
31.42 34.28 31.42
42.85
54.54 54.54 54.54
54.54
23.33 23.33 23.33
23.33
40.00 40.00 40.00
40.00
76.92 76.92 76.92
76.92
Lampiran 2
Struktur Modal tahun 2010-2013
No
Nama Perusahaan
Kode
1
2
3
4
5
6
7
8
9
10
PT ABM Investama Tbk
PT Bhakti Investama Tbk
PT Global Mediacom Tbk
PT Bakrie and Brothers Tbk
PT Bumi Resources Minerals Tbk
PT Multipolar Tbk
PT Hanson International Tbk
PT Polaris Investama Tbk
PT Pool Advista Indonesia Tbk
PT Saratoga Investama Sedaya Tbk
ABMM
BHIT
BMTR
BNBR
BRMS
MLPL
MYRX
PLAS
POOL
SRTG
Struktur Modal (X1)
2010 2011 2012 2013
43.49 40.49 42.06 42.06
9.16 13.60 12.91 31.98
24.84 22.13 22.18 21.85
36.32 34.09 39.44 39.62
45.03 45.92 48.63 51.05
14.61 30.10 44.64 39.17
64.77 50.94 49.52 37.12
27.13 20.93 23.27 25.06
10.71 12.37 16.99 13.20
25.70 23.81 19.76 25.47
Lampiran 3
Struktur Kepemilikan tahun 2010-2013
No
Nama Perusahaan
Kode
1
2
3
4
5
6
7
8
9
10
PT ABM Investama Tbk
PT Bhakti Investama Tbk
PT Global Mediacom Tbk
PT Bakrie and Brothers Tbk
PT Bumi Resources Minerals Tbk
PT Multipolar Tbk
PT Hanson International Tbk
PT Polaris Investama Tbk
PT Pool Advista Indonesia Tbk
PT Saratoga Investama Sedaya Tbk
ABMM
BHIT
BMTR
BNBR
BRMS
MLPL
MYRX
PLAS
POOL
SRTG
Struktur Kepemilikan (X3)
2010 2011 2012 2013
29.41
25 29.41 29.41
25
26
31
31
91.80 92.30 93.11 93.11
25.18 25.18 25.18 25.18
26.80 26.80 26.80 26.80
8.33 32.71 32.71 31.25
10.01 53.68
0.05 76.33
5 21.51
5 21.51
50
50
50 54.81
25
25 48.83 27.77
94
Lampiran 4
Pembayaran Dividen tahun 2010-2013
No
Nama Perusahaan
Kode
1
2
3
4
5
6
7
8
9
10
PT ABM Investama Tbk
PT Bhakti Investama Tbk
PT Global Mediacom Tbk
PT Bakrie and Brothers Tbk
PT Bumi Resources Minerals Tbk
PT Multipolar Tbk
PT Hanson International Tbk
PT Polaris Investama Tbk
PT Pool Advista Indonesia Tbk
PT Saratoga Investama Sedaya Tbk
Lampiran 5
Regresion
ABMM
BHIT
BMTR
BNBR
BRMS
MLPL
MYRX
PLAS
POOL
SRTG
Pembayaran Dividen
2010 2011 2012 2013
6.66
2.60
1.01
2.99
11.33 11.76
4.66
7.75
2.38
1.72
5
4.54
34.95 82.78
613
228
97.84 46.94 15.23 16.66
132
12.5
4.34 33.33
83.33 33.33
125
3.03
35.71
333
117
265
4.31
8.62
7.81 10.72
4.62
3.59
4.76
1.05
Descriptive Statistics
CG
N
40
Mean
185.9720
Std. Deviation
78.68488
Minimum
93.32
Maximum
313.33
SM
40
124.2120
51.72288
53.27
202.35
SKM
40
143.3970
88.29667
53.02
370.32
PD
40
242.0850
337.26960
13.26
958.73
Uji normalitas One-Sample Kolmogorov-Smirnov Test
Normal Parameter
Most Extreme
Differences
Mean
Std
Deviation
Absolute
Positive
Negative
Kolmogorov-Smirnov Z
Asymp.Sig. (2-tailed)
CG
SM
10
185.9720
10
124.2120
SKM
10
143.3970
PD
10
242.0850
78.68488
51.72288
88.29667
337.26960
.087
.087
-.053
.783
.572
.055
.055
-.041
.496
.966
.091
.063
-.091
.823
.508
.067
.067
-.042
.602
.862
95
a
Coefficients
Unstandardized Standardized
Coefficients
Coefficients
Model
1
(Constant)
B
Std. Error
4.827
3.624
Correlations
Beta
t
1.332
Sig.
Zero-order Partial
.191
Collinearity Statistics
Part
Tolerance
VIF
CG
-.113
.075
-.063
-1.503
.141
.165
-.243
-.062
.944
1.059
SM
.713
.044
.717
16.275
.000
.856
.938
.667
.864
1.157
SKM
.260
.023
.480
11.077
.000
.700
.879
.454
.893
1.119
a. Dependent Variable: Y
Hasil uji Durbin-Witson
Model
R
R Square
.969a
1
a.
b.
Adjusted R
Std. Error of the
Durbin-
Square
Estimate
Witson
.940
.935
13.26271
2.629
Predictors (Constant), SKM, SM, CG
Dependent Variable: PD
ANOVAb
Model
1
Regression
Sum of
Squares
98490.806
df
3
Mean Square
32830.269
175.900
Residual
6332.385
36
Total
104823.2
39
F
186.642
Sig.
.000 a
a. Predictors: (Constant), SKM, SM, CG
b. Dependent Variable: PD
96
Regression Standardized Residual
-4
-2
0
2
0
ycneuqerF
5
10
15
20
Observed Cum Prob
0.0
0.2
0.4
0.6
0.8
1.0
0.0
borP muC detcepxE
0.2
0.4
0.6
0.8
1.0
97
Regression Studentized Residual
-4
-2
0
2
4
detciderP dezidradnatS noissergeR
eulaV
-1
0
1
2
3
4
5
98
df
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
α
5%
0,997
0,950
0,878
0,811
0,775
0,707
0,666
0,632
0,602
0,576
0,553
0,532
0,514
0,497
0,482
0,468
0,456
0,444
0,433
0,423
0,413
0,396
0,389
0,388
0,381
df
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
Lampiran vi
Tabel r (two-tailed test)
α
df
α
5%
5%
0,374
51
0,271
0,367
52
0,268
0,361
53
0,266
0,355
54
0,263
0,349
55
0,261
0,344
56
0,257
0,339
57
0,256
0,334
58
0,254
0,329
59
0,252
0,325
60
0,250
0,320
61
0,248
0,316
62
0,246
0,312
63
0,244
0,308
64
0,242
0,304
65
0,240
0,301
66
0,239
0,297
67
0,237
0,294
68
0,235
0,291
69
0,234
0,288
70
0,232
0,285
71
0,230
0,282
72
0,229
0,279
73
0,227
0,276
74
0,226
0,273
75
0,224
df
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
α
5%
0,223
0,221
0,220
0,219
0,217
0,216
0,215
0,213
0,212
0,211
0,210
0,208
0,207
0,206
0,205
0,204
0,203
0,202
0,201
0,200
0,199
0,198
0,197
0,196
0,195
99
df
0,10
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
40
60
120
∞
0,20
3,08
1,89
1,64
1,48
1,48
1,44
1,42
1,40
1,38
1,37
1,36
1,36
1,35
1,35
1,34
1,34
1,33
1,33
1,33
1,33
1,32
1,32
1,32
1,32
1,32
1,32
1,31
1,31
1,31
1,31
1,30
1,30
1,29
1,28
Lampiran vii
Tabel Distribusi t Student
Tingkat signifikansi uji satu arah
0,05
0,025
0,01
0,005
Tingkat signifikan uji dua arah
0,10
0,05
0,02
0,01
6,31
12,71
31,82
63,66
2,92
4,30
6,97
9,93
2,35
3,18
4,54
5,84
2,13
2,76
3,75
4,60
2,02
2,57
3,37
4,03
1,94
2,45
3,14
3,71
1,90
2,37
3,00
3,50
1,86
2,31
2,90
3,36
1,83
2,26
2,82
3,25
1,81
2,23
2,76
3,17
1,80
2,20
2,72
3,11
1,78
2,18
2,68
3,06
1,77
2,16
2,65
3,01
1,76
2,15
2,62
2,98
1,75
2,13
2,60
2,95
1,75
2,12
2,58
2,92
1,74
2,11
2,57
2,90
1,73
2,10
2,55
2,88
1,73
2,09
2,54
2,86
1,73
2,09
2,53
2,85
1,72
2,08
2,52
2,83
1,72
2,07
2,51
2,82
1,71
2,07
2,50
2,81
1,71
2,06
2,49
2,80
1,71
2,06
2,49
2,79
1,71
2,06
2,48
2,78
1,70
2,05
2,47
2,77
1,70
2,05
2,47
2,76
1,70
2,05
2,46
2,76
1,70
2,04
2,46
2,75
1,68
2,02
2,42
2,70
1,67
2,00
2,39
2,66
1,66
1,98
2,36
2,62
1,65
1,96
2,33
2,58
0,0005
0,001
636,62
31,60
12,92
8,61
6,87
5,96
5,41
5,04
4,78
4,59
4,44
4,32
4,22
4,14
4,07
4,02
3,97
3,92
3,88
3,85
3,82
3,79
3,77
3,75
3,73
3,71
3,69
3,67
3,66
3,65
3,55
3,46
3,37
3,29
100
Corporate Governace tahun 2010-2013
No
Nama Perusahaan
Kode
1
2
3
4
5
6
7
8
9
10
PT ABM Investama Tbk
PT Bhakti Investama Tbk
PT Global Mediacom Tbk
PT Bakrie and Brothers Tbk
PT Bumi Resources Minerals Tbk
PT Multipolar Tbk
PT Hanson International Tbk
PT Polaris Investama Tbk
PT Pool Advista Indonesia Tbk
PT Saratoga Investama Sedaya Tbk
ABMM
BHIT
BMTR
BNBR
BRMS
MLPL
MYRX
PLAS
POOL
SRTG
Corporate Governace (X1)
2010 2011 2012
2013
56.25
75
50
50
73.33
80
80
80
38.88 38.55 38.55
30.55
35.13 35.13 15.13
15.13
34.69 34.69 46.93
32.65
31.42 34.28 31.42
42.85
54.54 54.54 54.54
54.54
23.33 23.33 23.33
23.33
40.00 40.00 40.00
40.00
76.92 76.92 76.92
76.92
Lampiran 2
Struktur Modal tahun 2010-2013
No
Nama Perusahaan
Kode
1
2
3
4
5
6
7
8
9
10
PT ABM Investama Tbk
PT Bhakti Investama Tbk
PT Global Mediacom Tbk
PT Bakrie and Brothers Tbk
PT Bumi Resources Minerals Tbk
PT Multipolar Tbk
PT Hanson International Tbk
PT Polaris Investama Tbk
PT Pool Advista Indonesia Tbk
PT Saratoga Investama Sedaya Tbk
ABMM
BHIT
BMTR
BNBR
BRMS
MLPL
MYRX
PLAS
POOL
SRTG
Struktur Modal (X1)
2010 2011 2012 2013
43.49 40.49 42.06 42.06
9.16 13.60 12.91 31.98
24.84 22.13 22.18 21.85
36.32 34.09 39.44 39.62
45.03 45.92 48.63 51.05
14.61 30.10 44.64 39.17
64.77 50.94 49.52 37.12
27.13 20.93 23.27 25.06
10.71 12.37 16.99 13.20
25.70 23.81 19.76 25.47
Lampiran 3
Struktur Kepemilikan tahun 2010-2013
No
Nama Perusahaan
Kode
1
2
3
4
5
6
7
8
9
10
PT ABM Investama Tbk
PT Bhakti Investama Tbk
PT Global Mediacom Tbk
PT Bakrie and Brothers Tbk
PT Bumi Resources Minerals Tbk
PT Multipolar Tbk
PT Hanson International Tbk
PT Polaris Investama Tbk
PT Pool Advista Indonesia Tbk
PT Saratoga Investama Sedaya Tbk
ABMM
BHIT
BMTR
BNBR
BRMS
MLPL
MYRX
PLAS
POOL
SRTG
Struktur Kepemilikan (X3)
2010 2011 2012 2013
29.41
25 29.41 29.41
25
26
31
31
91.80 92.30 93.11 93.11
25.18 25.18 25.18 25.18
26.80 26.80 26.80 26.80
8.33 32.71 32.71 31.25
10.01 53.68
0.05 76.33
5 21.51
5 21.51
50
50
50 54.81
25
25 48.83 27.77
94
Lampiran 4
Pembayaran Dividen tahun 2010-2013
No
Nama Perusahaan
Kode
1
2
3
4
5
6
7
8
9
10
PT ABM Investama Tbk
PT Bhakti Investama Tbk
PT Global Mediacom Tbk
PT Bakrie and Brothers Tbk
PT Bumi Resources Minerals Tbk
PT Multipolar Tbk
PT Hanson International Tbk
PT Polaris Investama Tbk
PT Pool Advista Indonesia Tbk
PT Saratoga Investama Sedaya Tbk
Lampiran 5
Regresion
ABMM
BHIT
BMTR
BNBR
BRMS
MLPL
MYRX
PLAS
POOL
SRTG
Pembayaran Dividen
2010 2011 2012 2013
6.66
2.60
1.01
2.99
11.33 11.76
4.66
7.75
2.38
1.72
5
4.54
34.95 82.78
613
228
97.84 46.94 15.23 16.66
132
12.5
4.34 33.33
83.33 33.33
125
3.03
35.71
333
117
265
4.31
8.62
7.81 10.72
4.62
3.59
4.76
1.05
Descriptive Statistics
CG
N
40
Mean
185.9720
Std. Deviation
78.68488
Minimum
93.32
Maximum
313.33
SM
40
124.2120
51.72288
53.27
202.35
SKM
40
143.3970
88.29667
53.02
370.32
PD
40
242.0850
337.26960
13.26
958.73
Uji normalitas One-Sample Kolmogorov-Smirnov Test
Normal Parameter
Most Extreme
Differences
Mean
Std
Deviation
Absolute
Positive
Negative
Kolmogorov-Smirnov Z
Asymp.Sig. (2-tailed)
CG
SM
10
185.9720
10
124.2120
SKM
10
143.3970
PD
10
242.0850
78.68488
51.72288
88.29667
337.26960
.087
.087
-.053
.783
.572
.055
.055
-.041
.496
.966
.091
.063
-.091
.823
.508
.067
.067
-.042
.602
.862
95
a
Coefficients
Unstandardized Standardized
Coefficients
Coefficients
Model
1
(Constant)
B
Std. Error
4.827
3.624
Correlations
Beta
t
1.332
Sig.
Zero-order Partial
.191
Collinearity Statistics
Part
Tolerance
VIF
CG
-.113
.075
-.063
-1.503
.141
.165
-.243
-.062
.944
1.059
SM
.713
.044
.717
16.275
.000
.856
.938
.667
.864
1.157
SKM
.260
.023
.480
11.077
.000
.700
.879
.454
.893
1.119
a. Dependent Variable: Y
Hasil uji Durbin-Witson
Model
R
R Square
.969a
1
a.
b.
Adjusted R
Std. Error of the
Durbin-
Square
Estimate
Witson
.940
.935
13.26271
2.629
Predictors (Constant), SKM, SM, CG
Dependent Variable: PD
ANOVAb
Model
1
Regression
Sum of
Squares
98490.806
df
3
Mean Square
32830.269
175.900
Residual
6332.385
36
Total
104823.2
39
F
186.642
Sig.
.000 a
a. Predictors: (Constant), SKM, SM, CG
b. Dependent Variable: PD
96
Regression Standardized Residual
-4
-2
0
2
0
ycneuqerF
5
10
15
20
Observed Cum Prob
0.0
0.2
0.4
0.6
0.8
1.0
0.0
borP muC detcepxE
0.2
0.4
0.6
0.8
1.0
97
Regression Studentized Residual
-4
-2
0
2
4
detciderP dezidradnatS noissergeR
eulaV
-1
0
1
2
3
4
5
98
df
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
α
5%
0,997
0,950
0,878
0,811
0,775
0,707
0,666
0,632
0,602
0,576
0,553
0,532
0,514
0,497
0,482
0,468
0,456
0,444
0,433
0,423
0,413
0,396
0,389
0,388
0,381
df
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
Lampiran vi
Tabel r (two-tailed test)
α
df
α
5%
5%
0,374
51
0,271
0,367
52
0,268
0,361
53
0,266
0,355
54
0,263
0,349
55
0,261
0,344
56
0,257
0,339
57
0,256
0,334
58
0,254
0,329
59
0,252
0,325
60
0,250
0,320
61
0,248
0,316
62
0,246
0,312
63
0,244
0,308
64
0,242
0,304
65
0,240
0,301
66
0,239
0,297
67
0,237
0,294
68
0,235
0,291
69
0,234
0,288
70
0,232
0,285
71
0,230
0,282
72
0,229
0,279
73
0,227
0,276
74
0,226
0,273
75
0,224
df
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
α
5%
0,223
0,221
0,220
0,219
0,217
0,216
0,215
0,213
0,212
0,211
0,210
0,208
0,207
0,206
0,205
0,204
0,203
0,202
0,201
0,200
0,199
0,198
0,197
0,196
0,195
99
df
0,10
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
40
60
120
∞
0,20
3,08
1,89
1,64
1,48
1,48
1,44
1,42
1,40
1,38
1,37
1,36
1,36
1,35
1,35
1,34
1,34
1,33
1,33
1,33
1,33
1,32
1,32
1,32
1,32
1,32
1,32
1,31
1,31
1,31
1,31
1,30
1,30
1,29
1,28
Lampiran vii
Tabel Distribusi t Student
Tingkat signifikansi uji satu arah
0,05
0,025
0,01
0,005
Tingkat signifikan uji dua arah
0,10
0,05
0,02
0,01
6,31
12,71
31,82
63,66
2,92
4,30
6,97
9,93
2,35
3,18
4,54
5,84
2,13
2,76
3,75
4,60
2,02
2,57
3,37
4,03
1,94
2,45
3,14
3,71
1,90
2,37
3,00
3,50
1,86
2,31
2,90
3,36
1,83
2,26
2,82
3,25
1,81
2,23
2,76
3,17
1,80
2,20
2,72
3,11
1,78
2,18
2,68
3,06
1,77
2,16
2,65
3,01
1,76
2,15
2,62
2,98
1,75
2,13
2,60
2,95
1,75
2,12
2,58
2,92
1,74
2,11
2,57
2,90
1,73
2,10
2,55
2,88
1,73
2,09
2,54
2,86
1,73
2,09
2,53
2,85
1,72
2,08
2,52
2,83
1,72
2,07
2,51
2,82
1,71
2,07
2,50
2,81
1,71
2,06
2,49
2,80
1,71
2,06
2,49
2,79
1,71
2,06
2,48
2,78
1,70
2,05
2,47
2,77
1,70
2,05
2,47
2,76
1,70
2,05
2,46
2,76
1,70
2,04
2,46
2,75
1,68
2,02
2,42
2,70
1,67
2,00
2,39
2,66
1,66
1,98
2,36
2,62
1,65
1,96
2,33
2,58
0,0005
0,001
636,62
31,60
12,92
8,61
6,87
5,96
5,41
5,04
4,78
4,59
4,44
4,32
4,22
4,14
4,07
4,02
3,97
3,92
3,88
3,85
3,82
3,79
3,77
3,75
3,73
3,71
3,69
3,67
3,66
3,65
3,55
3,46
3,37
3,29
100