Pengaruh Mekanisme Corporate Governance Terhadap Pelaksanaan Enterprise Risk Manegement pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia
LAMPIRAN 1
Daftar Populasi dan Sampel Penelitian
Kriteria Penelitian
No
Kode
1
ADES
2
ADMG
3
AISA
4
AKKU
5
AKRA
6
ALKA
7
ALMI
8
AMFG
9
APLI
10
ARGO
11
ARNA
12
ASGR
13
ASIA
Nama
Perusahaan
PT Ades
Waters
Indonesia Tbk
PT Polychem
Indonesia Tbk
PT Tiga Pilar
Sejahtera Food
Tbk
PT Alam
Karya Unggul
Tbk
PT AKR
Corporindo
Tbk
PT Alaska
Industrindo
Tbk
PT Alumindo
Light Metal
Inds. Tbk
PT Ashahimas
Flat Glass Tbk
PT Asiaplast
Industries Tbk
PT Argo
Pantes Tbk
PT Arwana
Citramulia Tbk
PT Astra
Graphia Tbk
PT Asio
Natural
Resource Tbk
Terdaftar di
BEI dan
menerbitkan
laporan
tahunan
periode 2013 2014
Laporan
tahunan
menggunakan
mata uang
rupiah
Laporan
tahunan
lengkap
Sampel
1
-
-
-
2
3
4
5
6
7
-
-
-
-
-
-
-
-
-
-
-
-
8
-
-
-
-
92
Universitas Sumatera Utara
14
ASII
15
AUTO
16
BATA
17
BIMA
18
BRAM
19
BRNA
20
BRPT
21
BTON
22
BUDI
23
CEKA
24
CLPI
25
CNTX
26
CPIN
27
CTBN
28
DLTA
29
DVLA
30
EKAD
31
ERTX
PT Astra
Internasional
Tbk
PT Astra
Autoparts Tbk
PT Sepatu Bata
Tbk
PT Primarindo
Asia Infras.
Tbk
PT Indo
Kordsa Tbk
PT Berlina Tbk
PT Barito
Pasific Tbk
PT Betonjaya
Manunggal
Tbk
PT Budi Starch
& Sweetener
Tbk
PT Cahaya
Kalbar Tbk
PT Suparma
Tbk
PT Century
Textile Industri
Tbk
PT Charoen
Pokphand Ind.
Tbk
PT Citra
Tubindo Tbk
PT Delta
Djakarta Tbk
PT Darya
Varia
Laboratoria
Tbk
PT Ekadharma
International
Tbk
PT Eratex
Djaja Tbk
9
10
-
-
-
11
-
-
-
-
-
-
-
-
-
-
12
13
14
-
-
-
-
-
-
15
-
-
16
17
18
-
-
-
93
Universitas Sumatera Utara
32
ESTI
33
ETWA
34
FAST
35
FASW
36
FPNI
37
GDST
38
GDYR
39
GGRM
40
GJTL
41
HEXA
42
HMSP
43
ICBP
44
IGAR
45
IIKP
46
IKAI
47
IKBI
48
IMAS
PT Ever Shine
Tex Tbk
PT Eterindo
Waratama Tbk
PT Fast Food
Indonesia Tbk
PT Fajar Surya
Wisesa Tbk
PT Titan
Kimia
Nusantara Tbk
PT Gunawan
Dianjaya Steel
Tbk
PT Goodyear
Indonesia Tbk
PT Gunawan
Dianjaya Steel
Tbk
PT Gajah
Tunggal Tbk
PT Hexindo
Adiperkasa
Tbk
PT HM
Sampoerna
Tbk
PT Indofood
CBP Sukses
Makmur Tbk
PT Champion
Pasific
Indonesia Tbk
PT Inti Agri
Resources Tbk
PT Intikeramik
Alamasri
Industri Tbk
PT Sumi Indo
Kabel Tbk
PT Indomobil
Sukses
Internasional
Tbk
-
-
19
20
21
-
-
-
-
23
24
-
-
-
25
26
27
28
29
-
-
-
-
22
-
-
30
94
Universitas Sumatera Utara
49
INAF
50
INAI
51
INCI
52
INDR
53
INDS
54
INDX
55
INKP
56
INRU
57
INTA
58
INTD
59
INTP
60
IPOL
61
ITMA
62
JECC
63
64
JKSW
JPFA
65
JPRS
66
KAEF
PT Indofarma
(Persero) Tbk
PT Indal
Aluminium
Industry Tbk
PT Intanwijaya
Internasional
Tbk
PT Indo-Rama
Synthetics Tbk
PT Indospring
Tbk
PT Tanah Laut
Tbk
PT Indah Kiat
Pulp & Paper
Tbk
PT Toba Pulp
Lestari Tbk
PT Intraco
Penta Tbk
PT Inter-Delta
Tbk
PT Indocement
Tunggal
Prakarsa Tbk
PT Indopoly
Swakarsa
Industry Tbk
PT Sumber
Energi
Andalan Tbk
PT Jembo
Cable
Company Tbk
PT Jakarta
Kyoei Steel
Tbk
PT Japfa
Comfeed
Indonesia Tbk
PT Jaya Pari
Steel Tbk
PT Kimia
Farma
31
32
33
-
-
34
35
-
-
-
-
-
36
-
-
-
37
-
-
-
-
-
-
38
-
-
-
-
39
40
41
95
Universitas Sumatera Utara
67
KARW
68
KBLI
69
KBLM
70
KBRI
71
KDSI
72
KIAS
73
KICI
74
KKGI
75
KLBF
76
KONI
77
KRAS
78
LAPD
79
LION
80
LMPI
81
LMSH
82
LPIN
83
LTLS
(Persero) Tbk
PT Karwel
Indonesia Tbk
PT KMI Wire
and Cable Tbk
PT Kabelindo
Murni Tbk
PT Kertas
Basuki
Rachmat
Indonesia Tbk
PT Kedawung
Setia Industrial
Tbk
PT Keramika
Indonesia
Assosiasi Tbk
PT Kedaung
Indah Can Tbk
PT Resource
Alam
Indonesia Tbk
PT Kalbe
Farma Tbk
PT Perdana
Bangun Pusaka
Tbk
PT Krakatau
Steel Tbk
PT Leyand
Internasional
Tbk
PT Lion Metal
Works Tbk
PT Langgeng
Makmur
Industri Tbk
PT Lionmesh
Prima Tbk
PT Multi
Prima
Sejahtera Tbk
PT Lautan
Luas Tbk
-
-
-
42
43
45
46
47
-
-
48
49
-
-
-
-
50
51
52
-
-
44
-
-
-
-
96
Universitas Sumatera Utara
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
MAIN
PT Malindo
Feedmill Tbk
MASA PT Multistrada
Arah Sarana
Tbk
MBTO
PT Martina
Berto Tbk
MDRN
PT Modern
Internasional
Tbk
MERK PT Merck Tbk
MLBI
PT Multi
Bintang
Indonesia Tbk
MLIA
PT Mulia
Industrindo
Tbk
MLPL PT Multipolar
Tbk
MTDL PT Metrodata
Eletronics Tbk
MYOH
PT Myoh
Technology
Tbk
MYOR
PT Mayora
Indah Tbk
MYRX
PT Hanson
Internasional
Tbk
MYTX PT Asia Pasific
Investama Tbk
NIKL
PT Latinusa
Tbk
NIPS
PT Nipress
Tbk
PAFI
PT Panasia
Filament Inti
Tbk
PBRX
PT Pan
Brothers Tbk
PICO
PT Pelangi
Indah Canindo
Tbk
POLY PT Asia Pasific
Fibers Tbk
-
-
-
-
53
54
55
56
57
58
59
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
60
-
61
62
-
97
Universitas Sumatera Utara
103
PRAS
104
PSDN
105
PTSN
106
PYFA
107
RDTX
108
RICY
109
RMBA
110
ROTI
111
SCCO
112
SCPI
113
SIAP
114
SIMA
115
SIMM
116
SIPD
117
SKLT
118
SMCB
PT Prima
Alloy Steel
Universal Tbk
PT Prasidha
Aneka Niaga
Tbk
PT Sat
Nusapersada
Tbk
PT Pyridam
Farma Tbk
PT Roda
Vivatex Tbk
PT Ricky Putra
Globalindo
Tbk
PT Bentoel
Internasional
Investama Tbk
PT Nippon
Indosari
Corporindo
Tbk
PT Suprame
Cable
Manufacturing
Tbk
PT Merck
Sharp Dohme
Pharma Tbk
PT Sekawan
Intipratama
Tbk
PT Siwani
Makmur Tbk
PT Surya
Intrindo
Makmur Tbk
PT Sierad
Produce Tbk
PT Sekar Laut
Tbk
PT Holcim
Indonesia Tbk
63
64
-
65
66
-
67
68
69
70
-
-
-
-
-
-
-
-
71
72
-
-
-
-
-
-
98
Universitas Sumatera Utara
119
SMSM
120
SOBI
121
SPMA
122
SRSN
123
SSTM
124
TBLA
125
TBMS
126
TCID
127
TIRA
128
TIRT
129
TKIM
130
TOTO
131
TPIA
132
TRST
133
TSPC
134
TURI
135
ULTJ
PT Selamat
Sempurna Tbk
PT Sorini Agro
Asia
Corporindo
Tbk
PT Suparma
Tbk
PT Indo
Acidatama Tbk
PT Sunson
Textile
Manufacturer
Tbk
PT Tunas Baru
Lampung Tbk
PT Tembaga
Mulia
Semanan Tbk
PT Mandom
Indonesia Tbk
PT Tira
Austenite Tbk
PT Tirta
Mahakam
Resources Tbk
PT Pabrik
Kertas Tjiwi
Kimia Tbk
PT Surya Toto
Indonesia Tbk
PT Chandra
Asri
Petrochemical
Tbk
PT Trias
Sentosa Tbk
PT Tempo
Scan Pacific
Tbk
PT Tunas
Ridean Tbk
PT Ultra Jaya
Milk Industry
Tbk
73
74
75
76
77
78
-
-
-
79
80
81
-
-
-
83
84
85
86
-
-
82
-
99
Universitas Sumatera Utara
136
UNIC
137
UNIT
138
UNTR
139
UNVR
140
VOKS
141
YPAS
PT Unggul
Indah Cahaya
Tbk
PT Nusantara
Inti Corpora
Tbk
PT United
Tractors Tbk
PT Unilever
Indonesia Tbk
PT Voksel
Electric Tbk
PT Yanaprima
Hastapersada
Tbk
-
87
88
89
-
-
-
-
-
LAMPIRAN 2
Pengungkapan ERM COSO
No. Enterprise Risk Management Dimentions
A.Internal Environment
1
Is there a charter of board?
2
Information on the code of conduct/ethics?
3
Information on how compensation policies align interest of managers with
shareholdes?
4
Information on individual performance targets?
5
Information on procedures for hiring and firing of board member and
management?
6
Information on remuneration policy of board members and management?
7
Information on training, coaching, educational programs?
8
Information on training in ethical values?
9
Information on board responsibility?
10
Information on audit committee responsibility?
11
Information on CEO responsibilities?
12
Information on senior executive responsible for risk management?
13
Information on supervisory and managerial oversight?
14
15
16
17
B.Objective Setting
Information on company’s mission?
Information on company’s strategy?
Information on company’s business objectives?
Information on adopted benchmarks to evaluate results?
100
Universitas Sumatera Utara
18
19
Information on approval of the strategy by the board?
Information on the link between strategy, objectives, and shareholder
value?
41
42
43
44
C.Event Identification
Financial Risk
Information on the extent of liquidity?
Information on the interest rate?
Information on the foreign exchange rate?
Information on the cost of capital?
Information on the access to the capital market?
Information on long-term debt instruments?
Information on default risk?
Information on solvency risk?
Information on equity price risk?
Information on commodity risk?
Information on litigation issues?
Information on compliance with regulation?
Information on compliance with industry codes?
Information on compliance with voluntary codes?
Information on compliance with recommendation of Corporate Governance
Technology Risk
Information on data management?
Information on computer systems?
Information on the privacy of information held on customers?
Information on software security?
Economical Risk
Information on the nature of competition?
Information on the macro-economy events that could affect the company?
Reputational Risk
Information on environmental issues?
Information on ethical issues?
Information on health and safety issues?
Information on lower/higher stock or credit rating?
45
46
47
48
49
50
51
52
53
D.Risk Assessment
Risk assessment of the extent of liquidity?
Risk assessment of the interest rate?
Risk assessment of the foreign exchange rate?
Risk assessment of the cost of capital?
Risk assessment of the access to the capital market?
Risk assessment of long-term debt instrments?
Risk assessment of default risk?
Risk assessment of solvency risk?
Risk assessment of equity price risk?
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
101
Universitas Sumatera Utara
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
Risk assessment of commodity risk?
Risk assessment of litigation issues?
Risk assessment of compliance wih regulation?
Risk assessment of industry codes?
Risk assessment of compliance with voluntary codes?
Risk assessment of compliance with recommendation of Corporate
Govenance?
Risk assessment of data management?
Risk assessment of computer systems?
Risk assessment of the privacy of information held on?
Risk assessment of on software security?
Risk assessment of the nature of competition?
Risk assessment of environmental issues?
Risk assessment of ethical issues?
Risk assessment of health and safety issues?
Risk assessment of lower/higher stock or credit rating?
Information on techniques used to asses the potential impact of events
combining?
E.Risk Response
General description of processes for determining how risk should be
managed?
Information on written guidelines about how risk should be managed?
Response to the liquidity risk?
Response to the interest rate risk?
Response to the foreign exchange rate risk?
Response to the risk related cost of capital?
Response to the access to the capital market?
Response to long-term debt instruments?
Response to litigation risk?
Response to default risk?
Response to solvency risk?
Response to equity price risk?
Response to commodity risk?
Response to compliance with regulation?
Response to compliance with industry codes?
Response to compliance with voluntary codes?
Response to compliance with recommendation of Corporate Governance?
Response to data risk?
Response to computer systems risk?
Response to the privacy of information held on customers?
Response to risk of software security?
Response to risk of competition?
Response to enviromental risk?
Response to ethical risk?
102
Universitas Sumatera Utara
94
95
Response to health and safety risk?
Response to risk of lower/higher stock or credit rating?
F.Control Activites
96 Information on sales control?
97 Information on review of the functioning and effectiveness of controls?
98 Information on authorization issues?
99 Information on documents and record as control?
100 Information on independent verification procedures?
101 Information on physical controls?
102 Information on process control?
G.Information and Communications
103 Information on verification of completeness, accuracy, and validity of
information?
104 Information on channels of communication to report suspected breaches of
laws, regulations or other improprieties?
105 Information on channels of communication with customers, vendors, and
other external parties?
H.Monitoring
106 Information on how processes are monitored?
107 Information on about internal audit?
108 Information on the budget of the internal audit?
103
Universitas Sumatera Utara
LAMPIRAN 3
Daftar Sampel Penelitian
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
Kode
ADES
AISA
AKKU
AKRA
ALKA
ALMI
AMFG
ASGR
ASII
AUTO
BIMA
BTON
BUDI
CEKA
CPIN
DLTA
DVLA
EKAD
ETWA
FAST
FASW
GDST
GGRM
GJTL
HMSP
ICBP
IGAR
IIKP
IKAI
IMAS
INAF
INAI
INCI
INDS
INDX
INTA
INTP
JECC
Nama Perusahaan
PT Ades Waters Indonesia Tbk
PT Tiga Pilar Sejahtera Food Tbk
PT Alam Karya Unggul Tbk
PT AKR Corporindo Tbk
PT Alaska Industrindo Tbk
PT Alumindo Light Metal Inds. Tbk
PT Ashahimas Flat Glass Tbk
PT Astra Graphia Tbk
PT Astra Internasional Tbk
PT Astra Autoparts Tbk
PT Primarindo Asia Infras. Tbk
PT Betonjaya Manunggal Tbk
PT Budi Starch & Sweetener Tbk
PT Cahaya Kalbar Tbk
PT Charoen Pokphand Ind. Tbk
PT Delta Djakarta Tbk
PT Darya Varia Laboratoria Tbk
PT Ekadharma International Tbk
PT Eterindo Waratama Tbk
PT Fast Food Indonesia Tbk
PT Fajar Surya Wisesa Tbk
PT Gunawan Dianjaya Steel Tbk
PT Gudang Garam Tbk
PT Gajah Tunggal Tbk
PT HM Sampoerna Tbk
PT Indofood CBP Sukses Makmur Tbk
PT Champion Pasific Indonesia Tbk
PT Inti Agri Resources Tbk
PT Intikeramik Alamasri Industri Tbk
PT Indomobil Sukses Internasional Tbk
PT Indofarma (Persero) Tbk
PT Indal Aluminium Industry Tbk
PT Intanwijaya Internasional Tbk
PT Indospring Tbk
PT Tanah Laut Tbk
PT Intraco Penta Tbk
PT Indocement Tunggal Prakarsa Tbk
PT Jembo Cable Company Tbk
104
Universitas Sumatera Utara
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
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
JPFA
JPRS
KAEF
KBLI
KBLM
KBRI
KDSI
KIAS
KICI
KLBF
KONI
LION
LMPI
LMSH
MAIN
MDRN
MERK
MLBI
MLIA
MLPL
MTDL
MYOR
MYTX
PICO
PRAS
PSDN
PYFA
RDTX
RMBA
ROTI
SCPI
SIAP
SIPD
SKLT
SMSM
SOBI
SPMA
SRSN
SSTM
TBLA
TCID
TIRA
TIRT
TOTO
PT Japfa Comfeed Indonesia Tbk
PT Jaya Pari Steel Tbk
PT Kimia Farma (Persero) Tbk
PT KMI Wire and Cable Tbk
PT Kabelindo Murni Tbk
PT Kertas Basuki Rachmat.Indonesia Tbk
PT Kedawung Setia Industrial Tbk
PT Keramika Indonesia Assosiasi Tbk
PT Kedaung Indah Can Tbk
PT Kalbe Farma Tbk
PT Perdana Bangun Pusaka Tbk
PT Lion Metal Works Tbk
PT Langgeng Makmur Industri Tbk
PT Lionmesh Prima Tbk
PT Malindo Feedmill Tbk
PT Modern Internasional Tbk
PT Merck Tbk
PT Multi Bintang Indonesia Tbk
PT Mulia Industrindo Tbk
PT Multipolar Tbk
PT Metrodata Eletronics Tbk
PT Mayora Indah Tbk
PT Asia Pasific Investama Tbk
PT Pelangi Indah Canindo Tbk
PT Prima Alloy Steel Universal Tbk
PT Prasidha Aneka Niaga Tbk
PT Pyridam Farma Tbk
PT Roda Vivatex Tbk
PT Bentoel Internasional Investama Tbk
PT Nippon Indosari Corporindo Tbk
PT Merck Sharp Dohme Pharma Tbk
PT Sekawan Intipratama Tbk
PT Sierad Produce Tbk
PT Sekar Laut Tbk
PT Selamat Sempurna Tbk
PT Sorini Agro Asia Corporindo Tbk
PT Suparma Tbk
PT Indo Acidatama Tbk
PT Sunson Textile Manufacturer Tbk
PT Tunas Baru Lampung Tbk
PT Mandom Indonesia Tbk
PT Tira Austenite Tbk
PT Tirta Mahakam Resources Tbk
PT Surya Toto Indonesia Tbk
105
Universitas Sumatera Utara
83
84
85
86
87
88
89
TRST
TSPC
TURI
ULTJ
UNIT
UNTR
UNVR
PT Trias Sentosa Tbk
PT Tempo Scan Pacific Tbk
PT Tunas Ridean Tbk
PT Ultra Jaya Milk Industry Tbk
PT Nusantara Inti Corpora Tbk
PT United Tractors Tbk
PT Unilever Indonesia Tbk
106
Universitas Sumatera Utara
Statistik Deskriptif
LAMPIRAN 4
Descriptive Statistics
N
Range
Minimum
Maximum
Std.
Deviation
Mean
ERM
178
,556
,324
,880
,58076
,128263
IND_COM
178
80,000
20,000
100,000 41,43743
12,818854
BO_SIZE
178
9,000
2,000
11,000
4,39419
1,964630
AUD_COM
178
3,000
2,000
5,000
3,10205
,403843
Valid N
178
Uji Normalitas
LAMPIRAN 5
One-Sample Kolmogorov-Smirnov Test
Unstandardiz
ed Residual
N
Normal Parametersa,b
178
Mean
Std.
Deviation
Most Extreme
Differences
,0257090
,08265004
Absolute
,046
Positive
,046
Negative
-,028
Test Statistic
Asymp. Sig. (2-tailed)
,246
,200c,d
a. Test distribution is Normal.
b. Calculated from data.
c. Lilliefors Significance Correction.
d. This is a lower bound of the true significance.
107
Universitas Sumatera Utara
108
Universitas Sumatera Utara
Uji Multikolinearitas
LAMPIRAN 6
Coefficientsa
Unstandardized
Coefficients
Model
1
B
Std. Error
(Constant)
,325
,086
IND_COM
,001
,001
BO_SIZE
,042
AUD_CO
M
,014
Standardized
Coefficients
Beta
Collinearity Statistics
t
Sig.
Tolerance
VIF
3,790
,000
,065
,844
,401
,991
1,009
,005
,648
7,960
,000
,896
1,116
,026
,043
,529
,598
,893
1,120
a. Dependent Variable: ERM
LAMPIRAN 7
Uji Heteroskedastisitas
109
Universitas Sumatera Utara
Coefficientsa
Unstandardized
Standardized
Coefficients
Coefficients
B
Std. Error
Beta
,056
,049
Model
1
(Constant)
IND_CO
,001
M
BO_SIZE
,004
AUD_CO
-,010
M
a. Dependent Variable: ABSRES_3
t
1,158
Sig.
,250
,000
,184
1,830
,070
,003
,154
1,459
,148
,015
-,073
-,689
,492
LAMPIRAN 8
Model
1
Uji Autokorelasi
Model Summaryc
Adjusted R Std. Error of
R Square
Square
the Estimate
R
,662a
,439
,421
,097621
DurbinWatson
2,056
a. Predictors: (Constant), AUD_COM, IND_COM, BO_SIZE
b. Dependent Variable: ERM
Runs Test
Unstandardized
Residual
Test Valuea
,02515
Cases < Test Value
85
Cases >= Test
Value
93
Total Cases
Number of Runs
178
87
Z
,228
Asymp. Sig. (2tailed)
,126
a. Median
110
Universitas Sumatera Utara
LAMPIRAN 9
Koefisien Determinasi
Model Summaryb
Adjusted R Std. Error of
Model
R
R Square
Square
the Estimate
a
1
,662
,439
,421
,097621
a. Predictors: (Constant), AUD_COM, IND_COM,
BO_SIZE
b. Dependent Variable: ERM
Hasil Uji Signifikansi Parsial (Uji t)
LAMPIRAN 10
Coefficientsa
Unstandardized
Standardized
Coefficients
Coefficients
Model
B
Std. Error
Beta
1
(Constant)
,325
,086
IND_COM
,001
,001
,065
BO_SIZE
,042
,005
,648
AUD_COM
,014
,026
,043
a. Dependent Variable: ERM
t
3,790
,844
7,960
,529
Sig.
,000
,401
,000
,598
LAMPIRAN 11
Hasil Uji Signifikansi Simultan (Uji F)
ANOVAa
Sum of
Squares
Df
Mean Square
Model
1
Regression
,703
3
,234
Residual
,900
94
,010
1,604
97
Total
F
24,600
Sig.
,000b
a. Dependent Variable: ERM
b. Predictors: (Constant), IND_COM, BO_SIZE, AUD_COM
111
Universitas Sumatera Utara
LAMPIRAN 12
112
Universitas Sumatera Utara
LAMPIRAN 13
113
Universitas Sumatera Utara
LAMPIRAN 14
114
Universitas Sumatera Utara
Daftar Populasi dan Sampel Penelitian
Kriteria Penelitian
No
Kode
1
ADES
2
ADMG
3
AISA
4
AKKU
5
AKRA
6
ALKA
7
ALMI
8
AMFG
9
APLI
10
ARGO
11
ARNA
12
ASGR
13
ASIA
Nama
Perusahaan
PT Ades
Waters
Indonesia Tbk
PT Polychem
Indonesia Tbk
PT Tiga Pilar
Sejahtera Food
Tbk
PT Alam
Karya Unggul
Tbk
PT AKR
Corporindo
Tbk
PT Alaska
Industrindo
Tbk
PT Alumindo
Light Metal
Inds. Tbk
PT Ashahimas
Flat Glass Tbk
PT Asiaplast
Industries Tbk
PT Argo
Pantes Tbk
PT Arwana
Citramulia Tbk
PT Astra
Graphia Tbk
PT Asio
Natural
Resource Tbk
Terdaftar di
BEI dan
menerbitkan
laporan
tahunan
periode 2013 2014
Laporan
tahunan
menggunakan
mata uang
rupiah
Laporan
tahunan
lengkap
Sampel
1
-
-
-
2
3
4
5
6
7
-
-
-
-
-
-
-
-
-
-
-
-
8
-
-
-
-
92
Universitas Sumatera Utara
14
ASII
15
AUTO
16
BATA
17
BIMA
18
BRAM
19
BRNA
20
BRPT
21
BTON
22
BUDI
23
CEKA
24
CLPI
25
CNTX
26
CPIN
27
CTBN
28
DLTA
29
DVLA
30
EKAD
31
ERTX
PT Astra
Internasional
Tbk
PT Astra
Autoparts Tbk
PT Sepatu Bata
Tbk
PT Primarindo
Asia Infras.
Tbk
PT Indo
Kordsa Tbk
PT Berlina Tbk
PT Barito
Pasific Tbk
PT Betonjaya
Manunggal
Tbk
PT Budi Starch
& Sweetener
Tbk
PT Cahaya
Kalbar Tbk
PT Suparma
Tbk
PT Century
Textile Industri
Tbk
PT Charoen
Pokphand Ind.
Tbk
PT Citra
Tubindo Tbk
PT Delta
Djakarta Tbk
PT Darya
Varia
Laboratoria
Tbk
PT Ekadharma
International
Tbk
PT Eratex
Djaja Tbk
9
10
-
-
-
11
-
-
-
-
-
-
-
-
-
-
12
13
14
-
-
-
-
-
-
15
-
-
16
17
18
-
-
-
93
Universitas Sumatera Utara
32
ESTI
33
ETWA
34
FAST
35
FASW
36
FPNI
37
GDST
38
GDYR
39
GGRM
40
GJTL
41
HEXA
42
HMSP
43
ICBP
44
IGAR
45
IIKP
46
IKAI
47
IKBI
48
IMAS
PT Ever Shine
Tex Tbk
PT Eterindo
Waratama Tbk
PT Fast Food
Indonesia Tbk
PT Fajar Surya
Wisesa Tbk
PT Titan
Kimia
Nusantara Tbk
PT Gunawan
Dianjaya Steel
Tbk
PT Goodyear
Indonesia Tbk
PT Gunawan
Dianjaya Steel
Tbk
PT Gajah
Tunggal Tbk
PT Hexindo
Adiperkasa
Tbk
PT HM
Sampoerna
Tbk
PT Indofood
CBP Sukses
Makmur Tbk
PT Champion
Pasific
Indonesia Tbk
PT Inti Agri
Resources Tbk
PT Intikeramik
Alamasri
Industri Tbk
PT Sumi Indo
Kabel Tbk
PT Indomobil
Sukses
Internasional
Tbk
-
-
19
20
21
-
-
-
-
23
24
-
-
-
25
26
27
28
29
-
-
-
-
22
-
-
30
94
Universitas Sumatera Utara
49
INAF
50
INAI
51
INCI
52
INDR
53
INDS
54
INDX
55
INKP
56
INRU
57
INTA
58
INTD
59
INTP
60
IPOL
61
ITMA
62
JECC
63
64
JKSW
JPFA
65
JPRS
66
KAEF
PT Indofarma
(Persero) Tbk
PT Indal
Aluminium
Industry Tbk
PT Intanwijaya
Internasional
Tbk
PT Indo-Rama
Synthetics Tbk
PT Indospring
Tbk
PT Tanah Laut
Tbk
PT Indah Kiat
Pulp & Paper
Tbk
PT Toba Pulp
Lestari Tbk
PT Intraco
Penta Tbk
PT Inter-Delta
Tbk
PT Indocement
Tunggal
Prakarsa Tbk
PT Indopoly
Swakarsa
Industry Tbk
PT Sumber
Energi
Andalan Tbk
PT Jembo
Cable
Company Tbk
PT Jakarta
Kyoei Steel
Tbk
PT Japfa
Comfeed
Indonesia Tbk
PT Jaya Pari
Steel Tbk
PT Kimia
Farma
31
32
33
-
-
34
35
-
-
-
-
-
36
-
-
-
37
-
-
-
-
-
-
38
-
-
-
-
39
40
41
95
Universitas Sumatera Utara
67
KARW
68
KBLI
69
KBLM
70
KBRI
71
KDSI
72
KIAS
73
KICI
74
KKGI
75
KLBF
76
KONI
77
KRAS
78
LAPD
79
LION
80
LMPI
81
LMSH
82
LPIN
83
LTLS
(Persero) Tbk
PT Karwel
Indonesia Tbk
PT KMI Wire
and Cable Tbk
PT Kabelindo
Murni Tbk
PT Kertas
Basuki
Rachmat
Indonesia Tbk
PT Kedawung
Setia Industrial
Tbk
PT Keramika
Indonesia
Assosiasi Tbk
PT Kedaung
Indah Can Tbk
PT Resource
Alam
Indonesia Tbk
PT Kalbe
Farma Tbk
PT Perdana
Bangun Pusaka
Tbk
PT Krakatau
Steel Tbk
PT Leyand
Internasional
Tbk
PT Lion Metal
Works Tbk
PT Langgeng
Makmur
Industri Tbk
PT Lionmesh
Prima Tbk
PT Multi
Prima
Sejahtera Tbk
PT Lautan
Luas Tbk
-
-
-
42
43
45
46
47
-
-
48
49
-
-
-
-
50
51
52
-
-
44
-
-
-
-
96
Universitas Sumatera Utara
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
MAIN
PT Malindo
Feedmill Tbk
MASA PT Multistrada
Arah Sarana
Tbk
MBTO
PT Martina
Berto Tbk
MDRN
PT Modern
Internasional
Tbk
MERK PT Merck Tbk
MLBI
PT Multi
Bintang
Indonesia Tbk
MLIA
PT Mulia
Industrindo
Tbk
MLPL PT Multipolar
Tbk
MTDL PT Metrodata
Eletronics Tbk
MYOH
PT Myoh
Technology
Tbk
MYOR
PT Mayora
Indah Tbk
MYRX
PT Hanson
Internasional
Tbk
MYTX PT Asia Pasific
Investama Tbk
NIKL
PT Latinusa
Tbk
NIPS
PT Nipress
Tbk
PAFI
PT Panasia
Filament Inti
Tbk
PBRX
PT Pan
Brothers Tbk
PICO
PT Pelangi
Indah Canindo
Tbk
POLY PT Asia Pasific
Fibers Tbk
-
-
-
-
53
54
55
56
57
58
59
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
60
-
61
62
-
97
Universitas Sumatera Utara
103
PRAS
104
PSDN
105
PTSN
106
PYFA
107
RDTX
108
RICY
109
RMBA
110
ROTI
111
SCCO
112
SCPI
113
SIAP
114
SIMA
115
SIMM
116
SIPD
117
SKLT
118
SMCB
PT Prima
Alloy Steel
Universal Tbk
PT Prasidha
Aneka Niaga
Tbk
PT Sat
Nusapersada
Tbk
PT Pyridam
Farma Tbk
PT Roda
Vivatex Tbk
PT Ricky Putra
Globalindo
Tbk
PT Bentoel
Internasional
Investama Tbk
PT Nippon
Indosari
Corporindo
Tbk
PT Suprame
Cable
Manufacturing
Tbk
PT Merck
Sharp Dohme
Pharma Tbk
PT Sekawan
Intipratama
Tbk
PT Siwani
Makmur Tbk
PT Surya
Intrindo
Makmur Tbk
PT Sierad
Produce Tbk
PT Sekar Laut
Tbk
PT Holcim
Indonesia Tbk
63
64
-
65
66
-
67
68
69
70
-
-
-
-
-
-
-
-
71
72
-
-
-
-
-
-
98
Universitas Sumatera Utara
119
SMSM
120
SOBI
121
SPMA
122
SRSN
123
SSTM
124
TBLA
125
TBMS
126
TCID
127
TIRA
128
TIRT
129
TKIM
130
TOTO
131
TPIA
132
TRST
133
TSPC
134
TURI
135
ULTJ
PT Selamat
Sempurna Tbk
PT Sorini Agro
Asia
Corporindo
Tbk
PT Suparma
Tbk
PT Indo
Acidatama Tbk
PT Sunson
Textile
Manufacturer
Tbk
PT Tunas Baru
Lampung Tbk
PT Tembaga
Mulia
Semanan Tbk
PT Mandom
Indonesia Tbk
PT Tira
Austenite Tbk
PT Tirta
Mahakam
Resources Tbk
PT Pabrik
Kertas Tjiwi
Kimia Tbk
PT Surya Toto
Indonesia Tbk
PT Chandra
Asri
Petrochemical
Tbk
PT Trias
Sentosa Tbk
PT Tempo
Scan Pacific
Tbk
PT Tunas
Ridean Tbk
PT Ultra Jaya
Milk Industry
Tbk
73
74
75
76
77
78
-
-
-
79
80
81
-
-
-
83
84
85
86
-
-
82
-
99
Universitas Sumatera Utara
136
UNIC
137
UNIT
138
UNTR
139
UNVR
140
VOKS
141
YPAS
PT Unggul
Indah Cahaya
Tbk
PT Nusantara
Inti Corpora
Tbk
PT United
Tractors Tbk
PT Unilever
Indonesia Tbk
PT Voksel
Electric Tbk
PT Yanaprima
Hastapersada
Tbk
-
87
88
89
-
-
-
-
-
LAMPIRAN 2
Pengungkapan ERM COSO
No. Enterprise Risk Management Dimentions
A.Internal Environment
1
Is there a charter of board?
2
Information on the code of conduct/ethics?
3
Information on how compensation policies align interest of managers with
shareholdes?
4
Information on individual performance targets?
5
Information on procedures for hiring and firing of board member and
management?
6
Information on remuneration policy of board members and management?
7
Information on training, coaching, educational programs?
8
Information on training in ethical values?
9
Information on board responsibility?
10
Information on audit committee responsibility?
11
Information on CEO responsibilities?
12
Information on senior executive responsible for risk management?
13
Information on supervisory and managerial oversight?
14
15
16
17
B.Objective Setting
Information on company’s mission?
Information on company’s strategy?
Information on company’s business objectives?
Information on adopted benchmarks to evaluate results?
100
Universitas Sumatera Utara
18
19
Information on approval of the strategy by the board?
Information on the link between strategy, objectives, and shareholder
value?
41
42
43
44
C.Event Identification
Financial Risk
Information on the extent of liquidity?
Information on the interest rate?
Information on the foreign exchange rate?
Information on the cost of capital?
Information on the access to the capital market?
Information on long-term debt instruments?
Information on default risk?
Information on solvency risk?
Information on equity price risk?
Information on commodity risk?
Information on litigation issues?
Information on compliance with regulation?
Information on compliance with industry codes?
Information on compliance with voluntary codes?
Information on compliance with recommendation of Corporate Governance
Technology Risk
Information on data management?
Information on computer systems?
Information on the privacy of information held on customers?
Information on software security?
Economical Risk
Information on the nature of competition?
Information on the macro-economy events that could affect the company?
Reputational Risk
Information on environmental issues?
Information on ethical issues?
Information on health and safety issues?
Information on lower/higher stock or credit rating?
45
46
47
48
49
50
51
52
53
D.Risk Assessment
Risk assessment of the extent of liquidity?
Risk assessment of the interest rate?
Risk assessment of the foreign exchange rate?
Risk assessment of the cost of capital?
Risk assessment of the access to the capital market?
Risk assessment of long-term debt instrments?
Risk assessment of default risk?
Risk assessment of solvency risk?
Risk assessment of equity price risk?
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
101
Universitas Sumatera Utara
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
Risk assessment of commodity risk?
Risk assessment of litigation issues?
Risk assessment of compliance wih regulation?
Risk assessment of industry codes?
Risk assessment of compliance with voluntary codes?
Risk assessment of compliance with recommendation of Corporate
Govenance?
Risk assessment of data management?
Risk assessment of computer systems?
Risk assessment of the privacy of information held on?
Risk assessment of on software security?
Risk assessment of the nature of competition?
Risk assessment of environmental issues?
Risk assessment of ethical issues?
Risk assessment of health and safety issues?
Risk assessment of lower/higher stock or credit rating?
Information on techniques used to asses the potential impact of events
combining?
E.Risk Response
General description of processes for determining how risk should be
managed?
Information on written guidelines about how risk should be managed?
Response to the liquidity risk?
Response to the interest rate risk?
Response to the foreign exchange rate risk?
Response to the risk related cost of capital?
Response to the access to the capital market?
Response to long-term debt instruments?
Response to litigation risk?
Response to default risk?
Response to solvency risk?
Response to equity price risk?
Response to commodity risk?
Response to compliance with regulation?
Response to compliance with industry codes?
Response to compliance with voluntary codes?
Response to compliance with recommendation of Corporate Governance?
Response to data risk?
Response to computer systems risk?
Response to the privacy of information held on customers?
Response to risk of software security?
Response to risk of competition?
Response to enviromental risk?
Response to ethical risk?
102
Universitas Sumatera Utara
94
95
Response to health and safety risk?
Response to risk of lower/higher stock or credit rating?
F.Control Activites
96 Information on sales control?
97 Information on review of the functioning and effectiveness of controls?
98 Information on authorization issues?
99 Information on documents and record as control?
100 Information on independent verification procedures?
101 Information on physical controls?
102 Information on process control?
G.Information and Communications
103 Information on verification of completeness, accuracy, and validity of
information?
104 Information on channels of communication to report suspected breaches of
laws, regulations or other improprieties?
105 Information on channels of communication with customers, vendors, and
other external parties?
H.Monitoring
106 Information on how processes are monitored?
107 Information on about internal audit?
108 Information on the budget of the internal audit?
103
Universitas Sumatera Utara
LAMPIRAN 3
Daftar Sampel Penelitian
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
Kode
ADES
AISA
AKKU
AKRA
ALKA
ALMI
AMFG
ASGR
ASII
AUTO
BIMA
BTON
BUDI
CEKA
CPIN
DLTA
DVLA
EKAD
ETWA
FAST
FASW
GDST
GGRM
GJTL
HMSP
ICBP
IGAR
IIKP
IKAI
IMAS
INAF
INAI
INCI
INDS
INDX
INTA
INTP
JECC
Nama Perusahaan
PT Ades Waters Indonesia Tbk
PT Tiga Pilar Sejahtera Food Tbk
PT Alam Karya Unggul Tbk
PT AKR Corporindo Tbk
PT Alaska Industrindo Tbk
PT Alumindo Light Metal Inds. Tbk
PT Ashahimas Flat Glass Tbk
PT Astra Graphia Tbk
PT Astra Internasional Tbk
PT Astra Autoparts Tbk
PT Primarindo Asia Infras. Tbk
PT Betonjaya Manunggal Tbk
PT Budi Starch & Sweetener Tbk
PT Cahaya Kalbar Tbk
PT Charoen Pokphand Ind. Tbk
PT Delta Djakarta Tbk
PT Darya Varia Laboratoria Tbk
PT Ekadharma International Tbk
PT Eterindo Waratama Tbk
PT Fast Food Indonesia Tbk
PT Fajar Surya Wisesa Tbk
PT Gunawan Dianjaya Steel Tbk
PT Gudang Garam Tbk
PT Gajah Tunggal Tbk
PT HM Sampoerna Tbk
PT Indofood CBP Sukses Makmur Tbk
PT Champion Pasific Indonesia Tbk
PT Inti Agri Resources Tbk
PT Intikeramik Alamasri Industri Tbk
PT Indomobil Sukses Internasional Tbk
PT Indofarma (Persero) Tbk
PT Indal Aluminium Industry Tbk
PT Intanwijaya Internasional Tbk
PT Indospring Tbk
PT Tanah Laut Tbk
PT Intraco Penta Tbk
PT Indocement Tunggal Prakarsa Tbk
PT Jembo Cable Company Tbk
104
Universitas Sumatera Utara
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
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
JPFA
JPRS
KAEF
KBLI
KBLM
KBRI
KDSI
KIAS
KICI
KLBF
KONI
LION
LMPI
LMSH
MAIN
MDRN
MERK
MLBI
MLIA
MLPL
MTDL
MYOR
MYTX
PICO
PRAS
PSDN
PYFA
RDTX
RMBA
ROTI
SCPI
SIAP
SIPD
SKLT
SMSM
SOBI
SPMA
SRSN
SSTM
TBLA
TCID
TIRA
TIRT
TOTO
PT Japfa Comfeed Indonesia Tbk
PT Jaya Pari Steel Tbk
PT Kimia Farma (Persero) Tbk
PT KMI Wire and Cable Tbk
PT Kabelindo Murni Tbk
PT Kertas Basuki Rachmat.Indonesia Tbk
PT Kedawung Setia Industrial Tbk
PT Keramika Indonesia Assosiasi Tbk
PT Kedaung Indah Can Tbk
PT Kalbe Farma Tbk
PT Perdana Bangun Pusaka Tbk
PT Lion Metal Works Tbk
PT Langgeng Makmur Industri Tbk
PT Lionmesh Prima Tbk
PT Malindo Feedmill Tbk
PT Modern Internasional Tbk
PT Merck Tbk
PT Multi Bintang Indonesia Tbk
PT Mulia Industrindo Tbk
PT Multipolar Tbk
PT Metrodata Eletronics Tbk
PT Mayora Indah Tbk
PT Asia Pasific Investama Tbk
PT Pelangi Indah Canindo Tbk
PT Prima Alloy Steel Universal Tbk
PT Prasidha Aneka Niaga Tbk
PT Pyridam Farma Tbk
PT Roda Vivatex Tbk
PT Bentoel Internasional Investama Tbk
PT Nippon Indosari Corporindo Tbk
PT Merck Sharp Dohme Pharma Tbk
PT Sekawan Intipratama Tbk
PT Sierad Produce Tbk
PT Sekar Laut Tbk
PT Selamat Sempurna Tbk
PT Sorini Agro Asia Corporindo Tbk
PT Suparma Tbk
PT Indo Acidatama Tbk
PT Sunson Textile Manufacturer Tbk
PT Tunas Baru Lampung Tbk
PT Mandom Indonesia Tbk
PT Tira Austenite Tbk
PT Tirta Mahakam Resources Tbk
PT Surya Toto Indonesia Tbk
105
Universitas Sumatera Utara
83
84
85
86
87
88
89
TRST
TSPC
TURI
ULTJ
UNIT
UNTR
UNVR
PT Trias Sentosa Tbk
PT Tempo Scan Pacific Tbk
PT Tunas Ridean Tbk
PT Ultra Jaya Milk Industry Tbk
PT Nusantara Inti Corpora Tbk
PT United Tractors Tbk
PT Unilever Indonesia Tbk
106
Universitas Sumatera Utara
Statistik Deskriptif
LAMPIRAN 4
Descriptive Statistics
N
Range
Minimum
Maximum
Std.
Deviation
Mean
ERM
178
,556
,324
,880
,58076
,128263
IND_COM
178
80,000
20,000
100,000 41,43743
12,818854
BO_SIZE
178
9,000
2,000
11,000
4,39419
1,964630
AUD_COM
178
3,000
2,000
5,000
3,10205
,403843
Valid N
178
Uji Normalitas
LAMPIRAN 5
One-Sample Kolmogorov-Smirnov Test
Unstandardiz
ed Residual
N
Normal Parametersa,b
178
Mean
Std.
Deviation
Most Extreme
Differences
,0257090
,08265004
Absolute
,046
Positive
,046
Negative
-,028
Test Statistic
Asymp. Sig. (2-tailed)
,246
,200c,d
a. Test distribution is Normal.
b. Calculated from data.
c. Lilliefors Significance Correction.
d. This is a lower bound of the true significance.
107
Universitas Sumatera Utara
108
Universitas Sumatera Utara
Uji Multikolinearitas
LAMPIRAN 6
Coefficientsa
Unstandardized
Coefficients
Model
1
B
Std. Error
(Constant)
,325
,086
IND_COM
,001
,001
BO_SIZE
,042
AUD_CO
M
,014
Standardized
Coefficients
Beta
Collinearity Statistics
t
Sig.
Tolerance
VIF
3,790
,000
,065
,844
,401
,991
1,009
,005
,648
7,960
,000
,896
1,116
,026
,043
,529
,598
,893
1,120
a. Dependent Variable: ERM
LAMPIRAN 7
Uji Heteroskedastisitas
109
Universitas Sumatera Utara
Coefficientsa
Unstandardized
Standardized
Coefficients
Coefficients
B
Std. Error
Beta
,056
,049
Model
1
(Constant)
IND_CO
,001
M
BO_SIZE
,004
AUD_CO
-,010
M
a. Dependent Variable: ABSRES_3
t
1,158
Sig.
,250
,000
,184
1,830
,070
,003
,154
1,459
,148
,015
-,073
-,689
,492
LAMPIRAN 8
Model
1
Uji Autokorelasi
Model Summaryc
Adjusted R Std. Error of
R Square
Square
the Estimate
R
,662a
,439
,421
,097621
DurbinWatson
2,056
a. Predictors: (Constant), AUD_COM, IND_COM, BO_SIZE
b. Dependent Variable: ERM
Runs Test
Unstandardized
Residual
Test Valuea
,02515
Cases < Test Value
85
Cases >= Test
Value
93
Total Cases
Number of Runs
178
87
Z
,228
Asymp. Sig. (2tailed)
,126
a. Median
110
Universitas Sumatera Utara
LAMPIRAN 9
Koefisien Determinasi
Model Summaryb
Adjusted R Std. Error of
Model
R
R Square
Square
the Estimate
a
1
,662
,439
,421
,097621
a. Predictors: (Constant), AUD_COM, IND_COM,
BO_SIZE
b. Dependent Variable: ERM
Hasil Uji Signifikansi Parsial (Uji t)
LAMPIRAN 10
Coefficientsa
Unstandardized
Standardized
Coefficients
Coefficients
Model
B
Std. Error
Beta
1
(Constant)
,325
,086
IND_COM
,001
,001
,065
BO_SIZE
,042
,005
,648
AUD_COM
,014
,026
,043
a. Dependent Variable: ERM
t
3,790
,844
7,960
,529
Sig.
,000
,401
,000
,598
LAMPIRAN 11
Hasil Uji Signifikansi Simultan (Uji F)
ANOVAa
Sum of
Squares
Df
Mean Square
Model
1
Regression
,703
3
,234
Residual
,900
94
,010
1,604
97
Total
F
24,600
Sig.
,000b
a. Dependent Variable: ERM
b. Predictors: (Constant), IND_COM, BO_SIZE, AUD_COM
111
Universitas Sumatera Utara
LAMPIRAN 12
112
Universitas Sumatera Utara
LAMPIRAN 13
113
Universitas Sumatera Utara
LAMPIRAN 14
114
Universitas Sumatera Utara