Pengaruh Rasio Keuangan Terhadap Return Saham Dengan Kebijakan Dividen Sebagai Variabel Moderating pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia
LAMPIRAN
Lampiran 1.
Data Variabel Current Asset Perusahaan Property dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
NAMA PERUSAHAAN
1
2
3
4
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate Tbk.
Bumi Serpong Damai Tbk
5
6
7
8
9
10
11
12
13
14
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
15
16
17
18
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
2011
TAHUN
2012
2013
1,820
0,980
0,740
1,565
1,230
2,745
1,679
0,750
2,533
2,216
2,370
2,744
1,670
0,700
2,906
0,923
1,618
3,890
0,360
4,790
1,867 2,200
1,560 1,355
1,817 1,290
1,290 1,159
1,200 2,000
1,310 1,730
0,876 0,703
1,809 1,512
6,210 10,396
0,664 0,390
4,030 2,270
4,270
2,847
1,780
1,240
1,540
2,760
1,180
1,310
2,068
2,506
1,090
1,460
Universitas Sumatera Utara
Data Variabel Debt To Equity Ratio PerusahaanProperty dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
1
2
NAMA PERUSAHAAN
3
4
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate
Tbk.
Bumi Serpong Damai Tbk
5
Ciputra Development Tbk
6
7
8
9
10
11
12
13
14
15
16
17
18
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
2011
1,150
1,160
TAHUN
2012
1,393
1,310
2013
1,729
1,710
0,840
0,290
0,360
0,550
0,590
0,680
0,510
0,770
1,060
0,200
0,490
0,670
0,810
0,570
1,310
0,830
0,510
0,630
0,500
1,150
1,090
0,470
0,440
0,180
1,420
0,900
0,842
2,270
0,540
1,250
0,890
0,230
0,490
0,300
1,410
0,860
0,770
1,850
0,840
1,300
0,710
0,190
0,480
0,610
1,270
0,660
0,910
1,930
Universitas Sumatera Utara
Data Variabel Return On Assets PerusahaanProperty dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
NAMA PERUSAHAAN
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate
Tbk.
Bumi Serpong Damai Tbk
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
TAHUN
2011
2012
6,350
5,540
10,030
11,110
2013
4,730
6,170
7,270
7,910
4,290
3,910
5,650
1,550
2,590
8,490
9,260
3,600
15,100
9,050
6,590
3,630
1,970
4,800
22,170
12,870
7,030
5,780
7,150
3,790
4,380
8,860
8,080
-2,120
12,880
8,500
12,220
7,990
0,810
8,020
20,580
8,830
5,650
5,380
6,190
4,210
3,290
8,560
6,850
3,840
14,220
10,120
10,130
4,300
5,940
7,280
Universitas Sumatera Utara
Data VariabelSize PerusahaanProperty dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
NAMA PERUSAHAAN
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate
Tbk.
Bumi Serpong Damai Tbk
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
2011
9,286
8,701
TAHUN
2012
9,629
9,301
2013
9,887
9,577
7,405
9,456
9,352
8,370
8,169
8,320
8,647
8,315
6,384
4,804
7,668
7,456
8,656
7,120
15,189
8,999
7,735
9,727
9,617
8,688
8,396
8,365
8,715
8,517
6,422
4,682
7,845
7,609
8,931
7,178
8,281
9,294
8,120
10,024
9,909
8,943
8,660
8,470
8,926
8,726
6,417
4,585
7,951
7,949
9,138
7,195
8,325
9,522
Universitas Sumatera Utara
Data Variabel Fixed Assets Turn Over Perusahaan Property dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
NAMA PERUSAHAAN
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate
Tbk.
Bumi Serpong Damai Tbk
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
2011
1,763
3,455
6,265
8,975
0,914
0,243
2,108
32,63
8
5,472
16,05
6
2,422
1,349
0,540
3,269
0,891
40,31
0
0,441
7,750
TAHUN
2012
2,531
4,596
2013
1,778
3,791
1,255
13,112
2,679
1,279
2,766
17,290
9,167
2,854
1,271
3,203
5,254
4,545
63,033
3,684
34,026
2,033
1,516
0,529
3,913
2,564
37,008
3,643
3,444
0,522
3,774
4,501
33,844
0,338
12,260
48,316
0,433
11,636
Universitas Sumatera Utara
Data Variabel Cash Flow To Debt PerusahaanProperty dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
NAMA PERUSAHAAN
1
2
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial
Estate Tbk.
Bumi Serpong Damai Tbk
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
3
4
5
6
7
8
10
11
12
13
14
15
17
18
19
20
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
TAHUN
2011
2012
0,054
0,317
0,441
0,347
0,733
0,217
0,319
0,007
0,170
0,018
0,120
0,143
0,162
0,175
0,806
0,275
0,103
0,000
0,179
0,133
1,145
0,036
0,264
0,616
0,286
0,062
0,082
0,102
0,074
0,426
0,563
0,086
0,309
0,067
0,302
0,185
2013
0,325
2,476
0,855
0,060
0,298
0,360
0,185
-0,046
0,064
0,101
0,166
0,441
0,569
0,005
0,405
0,041
0,328
0,000
Universitas Sumatera Utara
Lampiran 2.
Data Variabel Return Saham Perusahaan Property dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
NAMA PERUSAHAAN
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate
Tbk.
Bumi Serpong Damai Tbk
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
2011
-0,09
0,56
TAHUN
2012
0,06
0,04
2013
-0,42
-0,28
0,00
0,09
0,54
0,11
0,26
1,34
-0,40
0,69
0,16
1,84
0,04
0,00
-0,17
0,16
-0,22
0,14
2,36
0,13
0,48
0,22
1,59
0,63
0,31
0,41
-0,04
0,09
0,34
1,24
0,20
-0,36
0,05
0,53
-0,35
0,16
-0,06
0,03
-0,42
-0,37
-0,06
0,29
-0,18
-0,01
1,44
-0,30
0,29
0,51
0,19
-0,18
Universitas Sumatera Utara
Lampiran 3.
Data VariabelKebijakan Dividen Perusahaan Property dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
NAMA PERUSAHAAN
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate
Tbk.
Bumi Serpong Damai Tbk
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
TAHUN
2011
2012
0,212
0,146
0,182
0,239
0,000
0,208
0,333
0,308
0,301
0,000
0,214
0,328
0,000
0,000
0,440
0,176
0,050
0,090
3,307
0,403
0,178
0,204
0,308
0,320
0,302
0,488
0,294
0,328
0,136
0,042
0,431
0,200
0,225
0,100
0,619
0,374
2013
0,145
0,157
0,030
0,098
0,297
0,300
0,297
1,037
0,258
0,326
0,144
-0,337
0,532
0,204
0,191
0,090
3,722
0,301
Universitas Sumatera Utara
Lampiran 4.
Output Hasil Pengujian Data SPSS
Descriptive Statistics
N
CURRENT ASSET
DEBT TO EQUITY
RATIO
RETURN ON
ASSET
SIZE
FIXED ASSET
TURN OVER
CASH FLOW TO
DEBT
RETURN SAHAM
KEBIJAKAN
DIVIDEN
Valid N (listwise)
Minimum
Maximum
Mean
Std. Deviation
54
54
.3600
.1800
14.3200
2.8300
2.287804
.924724
2.3136246
.5721612
54
-2.1200
22.1700
7.284630
4.3690860
54
54
4.5850
.2432
15.1893
63.0326
8.399131
8.948996
1.5634975
13.6864101
54
-.0465
2.4757
.295450
.3873699
54
54
-.4200
-.3367
2.3900
3.7215
.270813
.356994
.6314293
.6550335
54
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N
Normal Parametereturn
a,,b
saham
Most Extreme Differences
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
Mean
Std. Deviation
Absolute
Positive
Negative
54
.0000000
.54262837
.121
.121
-.056
.891
.405
a. Test distribution is Normal.
b. Calculated from data.
Universitas Sumatera Utara
b
Model Summary
Model
R
1
R Square
.511
a
Adjusted R
Square
.261
Std. Error of the
Estimate
.167
Durbin-Watson
.5762242
2.184
a. Predictors: (Constant), CASH FLOW TO DEBT, SIZE, FIXED ASSET TURN OVER,
RETURN ON ASSET, DEBT TO EQUITY RATIO, CURRENT ASSET
b. Dependent Variable: RETURN SAHAM
b
ANOVA
Model
1
Sum of Squares
Regression
df
Mean Square
5.526
6
.921
Residual
15.606
47
.332
Total
21.131
53
F
2.774
Sig.
.022
a
a. Predictors: (Constant), CASH FLOW TO DEBT, SIZE, FIXED ASSET TURN OVER, RETURN ON
ASSET, DEBT TO EQUITY RATIO, CURRENT ASSET
Universitas Sumatera Utara
b
ANOVA
Model
1
Sum of Squares
Regression
df
Mean Square
5.526
6
.921
Residual
15.606
47
.332
Total
21.131
53
F
Sig.
2.774
.022
a
a. Predictors: (Constant), CASH FLOW TO DEBT, SIZE, FIXED ASSET TURN OVER, RETURN ON
ASSET, DEBT TO EQUITY RATIO, CURRENT ASSET
b. Dependent Variable: RETURN SAHAM
Coefficients
Unstandardized
Coefficients
Model
1
B
a
Standardized
Coefficients
Std. Error
(Constant)
-.057
.547
CURRENT
ASSET
.102
.039
DEBT TO
EQUITY
RATIO
-.312
RETURN
ON
ASSET
Beta
Collinearity
Statistics
t
Sig.
Tolerance
VIF
-.105
.917
.373
2.588
.013
.755
1.324
.152
-.283
-2.055
.045
.831
1.204
.045
.020
.312
2.217
.031
.794
1.259
SIZE
.006
.057
.014
.101
.920
.795
1.258
FIXED
ASSET
TURN
OVER
.000
.006
-.003
-.024
.981
.886
1.128
CASH
FLOW TO
DEBT
.028
.226
.017
.123
.902
.820
1.220
a. Dependent Variable: RETURN SAHAM
Runs Test
Unstandardized
Residual
a
Test Value
Current assetses < Test
Value
Current assetses >=
Test Value
Total Current assetses
Number of Runs
Z
Asymp. Sig. (2-tailed)
-.09010
27
27
54
26
-.550
.583
a. Median
Universitas Sumatera Utara
Coefficients
a
Standardized
Coefficients
Unstandardized Coefficients
Model
1
B
Std. Error
(Constant)
.321
.065
RETURN
SAHAM
-.076
.096
Beta
t
Sig.
4.921
.000
-.799
.428
-.110
a. Dependent Variable: abs_residual_moderasi
b
Model Summary
Model
1
R
.514
R Square
a
.265
Adjusted R
Square
.153
Std. Error of the
Estimate
.5812133
a. Predictors: (Constant), KEBIJAKAN DIVIDEN, DEBT TO EQUITY
RATIO, FIXED ASSET TURN OVER, RETURN ON ASSET, CASH
FLOW TO DEBT, CURRENT ASSET, SIZE
b. Dependent Variable: RETURN SAHAM
Universitas Sumatera Utara
Lampiran 1.
Data Variabel Current Asset Perusahaan Property dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
NAMA PERUSAHAAN
1
2
3
4
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate Tbk.
Bumi Serpong Damai Tbk
5
6
7
8
9
10
11
12
13
14
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
15
16
17
18
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
2011
TAHUN
2012
2013
1,820
0,980
0,740
1,565
1,230
2,745
1,679
0,750
2,533
2,216
2,370
2,744
1,670
0,700
2,906
0,923
1,618
3,890
0,360
4,790
1,867 2,200
1,560 1,355
1,817 1,290
1,290 1,159
1,200 2,000
1,310 1,730
0,876 0,703
1,809 1,512
6,210 10,396
0,664 0,390
4,030 2,270
4,270
2,847
1,780
1,240
1,540
2,760
1,180
1,310
2,068
2,506
1,090
1,460
Universitas Sumatera Utara
Data Variabel Debt To Equity Ratio PerusahaanProperty dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
1
2
NAMA PERUSAHAAN
3
4
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate
Tbk.
Bumi Serpong Damai Tbk
5
Ciputra Development Tbk
6
7
8
9
10
11
12
13
14
15
16
17
18
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
2011
1,150
1,160
TAHUN
2012
1,393
1,310
2013
1,729
1,710
0,840
0,290
0,360
0,550
0,590
0,680
0,510
0,770
1,060
0,200
0,490
0,670
0,810
0,570
1,310
0,830
0,510
0,630
0,500
1,150
1,090
0,470
0,440
0,180
1,420
0,900
0,842
2,270
0,540
1,250
0,890
0,230
0,490
0,300
1,410
0,860
0,770
1,850
0,840
1,300
0,710
0,190
0,480
0,610
1,270
0,660
0,910
1,930
Universitas Sumatera Utara
Data Variabel Return On Assets PerusahaanProperty dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
NAMA PERUSAHAAN
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate
Tbk.
Bumi Serpong Damai Tbk
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
TAHUN
2011
2012
6,350
5,540
10,030
11,110
2013
4,730
6,170
7,270
7,910
4,290
3,910
5,650
1,550
2,590
8,490
9,260
3,600
15,100
9,050
6,590
3,630
1,970
4,800
22,170
12,870
7,030
5,780
7,150
3,790
4,380
8,860
8,080
-2,120
12,880
8,500
12,220
7,990
0,810
8,020
20,580
8,830
5,650
5,380
6,190
4,210
3,290
8,560
6,850
3,840
14,220
10,120
10,130
4,300
5,940
7,280
Universitas Sumatera Utara
Data VariabelSize PerusahaanProperty dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
NAMA PERUSAHAAN
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate
Tbk.
Bumi Serpong Damai Tbk
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
2011
9,286
8,701
TAHUN
2012
9,629
9,301
2013
9,887
9,577
7,405
9,456
9,352
8,370
8,169
8,320
8,647
8,315
6,384
4,804
7,668
7,456
8,656
7,120
15,189
8,999
7,735
9,727
9,617
8,688
8,396
8,365
8,715
8,517
6,422
4,682
7,845
7,609
8,931
7,178
8,281
9,294
8,120
10,024
9,909
8,943
8,660
8,470
8,926
8,726
6,417
4,585
7,951
7,949
9,138
7,195
8,325
9,522
Universitas Sumatera Utara
Data Variabel Fixed Assets Turn Over Perusahaan Property dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
NAMA PERUSAHAAN
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate
Tbk.
Bumi Serpong Damai Tbk
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
2011
1,763
3,455
6,265
8,975
0,914
0,243
2,108
32,63
8
5,472
16,05
6
2,422
1,349
0,540
3,269
0,891
40,31
0
0,441
7,750
TAHUN
2012
2,531
4,596
2013
1,778
3,791
1,255
13,112
2,679
1,279
2,766
17,290
9,167
2,854
1,271
3,203
5,254
4,545
63,033
3,684
34,026
2,033
1,516
0,529
3,913
2,564
37,008
3,643
3,444
0,522
3,774
4,501
33,844
0,338
12,260
48,316
0,433
11,636
Universitas Sumatera Utara
Data Variabel Cash Flow To Debt PerusahaanProperty dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
NAMA PERUSAHAAN
1
2
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial
Estate Tbk.
Bumi Serpong Damai Tbk
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
3
4
5
6
7
8
10
11
12
13
14
15
17
18
19
20
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
TAHUN
2011
2012
0,054
0,317
0,441
0,347
0,733
0,217
0,319
0,007
0,170
0,018
0,120
0,143
0,162
0,175
0,806
0,275
0,103
0,000
0,179
0,133
1,145
0,036
0,264
0,616
0,286
0,062
0,082
0,102
0,074
0,426
0,563
0,086
0,309
0,067
0,302
0,185
2013
0,325
2,476
0,855
0,060
0,298
0,360
0,185
-0,046
0,064
0,101
0,166
0,441
0,569
0,005
0,405
0,041
0,328
0,000
Universitas Sumatera Utara
Lampiran 2.
Data Variabel Return Saham Perusahaan Property dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
NAMA PERUSAHAAN
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate
Tbk.
Bumi Serpong Damai Tbk
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
2011
-0,09
0,56
TAHUN
2012
0,06
0,04
2013
-0,42
-0,28
0,00
0,09
0,54
0,11
0,26
1,34
-0,40
0,69
0,16
1,84
0,04
0,00
-0,17
0,16
-0,22
0,14
2,36
0,13
0,48
0,22
1,59
0,63
0,31
0,41
-0,04
0,09
0,34
1,24
0,20
-0,36
0,05
0,53
-0,35
0,16
-0,06
0,03
-0,42
-0,37
-0,06
0,29
-0,18
-0,01
1,44
-0,30
0,29
0,51
0,19
-0,18
Universitas Sumatera Utara
Lampiran 3.
Data VariabelKebijakan Dividen Perusahaan Property dan Real Estate
Yang Terdaftar Di Bursa Efek Indonesia
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
NAMA PERUSAHAAN
Agung Podomoro Land Tbk.
Alam Sutera Realty Tbk
Bekasi Fajar Industrial Estate
Tbk.
Bumi Serpong Damai Tbk
Ciputra Development Tbk
Ciputra Property Tbk
Ciputra Surya Tbk
Duta Anggada Realty Tbk
Intiland Development Tbk
Jaya Real Property Tbk
Lamicitra Nusantara Tbk
Metro Realty Tbk.
Metropolitan Kentjana Tbk
Metropolitan Land Tbk
Pakuwon Jati Tbk
Perdana Gapuraprima Tbk
Plaza Indonesia Realty Tbk.
Summarecon Agung Tbk
TAHUN
2011
2012
0,212
0,146
0,182
0,239
0,000
0,208
0,333
0,308
0,301
0,000
0,214
0,328
0,000
0,000
0,440
0,176
0,050
0,090
3,307
0,403
0,178
0,204
0,308
0,320
0,302
0,488
0,294
0,328
0,136
0,042
0,431
0,200
0,225
0,100
0,619
0,374
2013
0,145
0,157
0,030
0,098
0,297
0,300
0,297
1,037
0,258
0,326
0,144
-0,337
0,532
0,204
0,191
0,090
3,722
0,301
Universitas Sumatera Utara
Lampiran 4.
Output Hasil Pengujian Data SPSS
Descriptive Statistics
N
CURRENT ASSET
DEBT TO EQUITY
RATIO
RETURN ON
ASSET
SIZE
FIXED ASSET
TURN OVER
CASH FLOW TO
DEBT
RETURN SAHAM
KEBIJAKAN
DIVIDEN
Valid N (listwise)
Minimum
Maximum
Mean
Std. Deviation
54
54
.3600
.1800
14.3200
2.8300
2.287804
.924724
2.3136246
.5721612
54
-2.1200
22.1700
7.284630
4.3690860
54
54
4.5850
.2432
15.1893
63.0326
8.399131
8.948996
1.5634975
13.6864101
54
-.0465
2.4757
.295450
.3873699
54
54
-.4200
-.3367
2.3900
3.7215
.270813
.356994
.6314293
.6550335
54
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N
Normal Parametereturn
a,,b
saham
Most Extreme Differences
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
Mean
Std. Deviation
Absolute
Positive
Negative
54
.0000000
.54262837
.121
.121
-.056
.891
.405
a. Test distribution is Normal.
b. Calculated from data.
Universitas Sumatera Utara
b
Model Summary
Model
R
1
R Square
.511
a
Adjusted R
Square
.261
Std. Error of the
Estimate
.167
Durbin-Watson
.5762242
2.184
a. Predictors: (Constant), CASH FLOW TO DEBT, SIZE, FIXED ASSET TURN OVER,
RETURN ON ASSET, DEBT TO EQUITY RATIO, CURRENT ASSET
b. Dependent Variable: RETURN SAHAM
b
ANOVA
Model
1
Sum of Squares
Regression
df
Mean Square
5.526
6
.921
Residual
15.606
47
.332
Total
21.131
53
F
2.774
Sig.
.022
a
a. Predictors: (Constant), CASH FLOW TO DEBT, SIZE, FIXED ASSET TURN OVER, RETURN ON
ASSET, DEBT TO EQUITY RATIO, CURRENT ASSET
Universitas Sumatera Utara
b
ANOVA
Model
1
Sum of Squares
Regression
df
Mean Square
5.526
6
.921
Residual
15.606
47
.332
Total
21.131
53
F
Sig.
2.774
.022
a
a. Predictors: (Constant), CASH FLOW TO DEBT, SIZE, FIXED ASSET TURN OVER, RETURN ON
ASSET, DEBT TO EQUITY RATIO, CURRENT ASSET
b. Dependent Variable: RETURN SAHAM
Coefficients
Unstandardized
Coefficients
Model
1
B
a
Standardized
Coefficients
Std. Error
(Constant)
-.057
.547
CURRENT
ASSET
.102
.039
DEBT TO
EQUITY
RATIO
-.312
RETURN
ON
ASSET
Beta
Collinearity
Statistics
t
Sig.
Tolerance
VIF
-.105
.917
.373
2.588
.013
.755
1.324
.152
-.283
-2.055
.045
.831
1.204
.045
.020
.312
2.217
.031
.794
1.259
SIZE
.006
.057
.014
.101
.920
.795
1.258
FIXED
ASSET
TURN
OVER
.000
.006
-.003
-.024
.981
.886
1.128
CASH
FLOW TO
DEBT
.028
.226
.017
.123
.902
.820
1.220
a. Dependent Variable: RETURN SAHAM
Runs Test
Unstandardized
Residual
a
Test Value
Current assetses < Test
Value
Current assetses >=
Test Value
Total Current assetses
Number of Runs
Z
Asymp. Sig. (2-tailed)
-.09010
27
27
54
26
-.550
.583
a. Median
Universitas Sumatera Utara
Coefficients
a
Standardized
Coefficients
Unstandardized Coefficients
Model
1
B
Std. Error
(Constant)
.321
.065
RETURN
SAHAM
-.076
.096
Beta
t
Sig.
4.921
.000
-.799
.428
-.110
a. Dependent Variable: abs_residual_moderasi
b
Model Summary
Model
1
R
.514
R Square
a
.265
Adjusted R
Square
.153
Std. Error of the
Estimate
.5812133
a. Predictors: (Constant), KEBIJAKAN DIVIDEN, DEBT TO EQUITY
RATIO, FIXED ASSET TURN OVER, RETURN ON ASSET, CASH
FLOW TO DEBT, CURRENT ASSET, SIZE
b. Dependent Variable: RETURN SAHAM
Universitas Sumatera Utara