NoPERUSAHAAN ANALISIS PENGARUH KOMPONEN ARUS KAS TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK JAKARTA.
58
LAMPIRAN I
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
PERUSAHAAN
PT Davomas Abadi Tbk
PT Indofood Sukses Makmur Tbk
PT Mayora Indah Tbk
PT Siantar Top Tbk
PT Tunas Baru Lampung Tbk
PT Ultra Jaya Milk Tbk
PT Gudang Garam Tbk
PT HM Sampoerna Tbk
PT Indoroma Synthetic Tbk
PT Tirta Mahakam Resources Tbk
PT Budi Acid Jaya Tbk
PT Colorpak Indonesia Tbk
PT Lautan Luas Tbk
PT Intan Wijaya Internasional Tbk
PT Dynaplast Tbk
PT Kageo Igar Jaya Tbk
PT Trias Sentosa Tbk
PT Indocement Tunggal Perkasa Tbk
PT Semen Gresik Tbk
PT Komatsu Indonesia Tbk
PT Astra Graphia Tbk
PT Multipolar Corporation Tbk
PT Astra International Tbk
PT Astra Otopart Tbk
PT Gajah Tunggal Tbk
PT GT Petrochem Industries Tbk
PT Hexindo Adiperkasa Tbk
PT Tunas Ridean Tbk
PT United Tractors Tbk
PT Dankos Laboratoria Tbk
PT Darya Varia Laboratoria Tbk
PT Kalbe Farma Tbk
PT Kimia farma Tbk
PT Tempo Scan Pacifik Tbk
PT Mustika Ratu Tbk
PT Unilever Indonesia Tbk
KODE
DAVO
INDF
MYOR
STTP
TBLA
ULTJ
GGRM
HMSP
INDR
TIRT
BUDI
CLPI
LTLS
INCI
DYNA
IGAR
TRST
INTP
SMGR
KOMI
ASGR
MLPL
ASII
AUTO
GJTL
ADMG
HEXA
TURI
UNTR
DNKS
DVLA
KLBF
KAEF
TSPC
MRAT
UNVR
59
LAMPIRAN II
NO
KODE
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
DAVO
INDF
MYOR
STTP
TBLA
ULTJ
GGRM
HMSP
INDR
TIRT
BUDI
CLPI
LTLS
INCI
DYNA
IGAR
TRST
INTP
SMGR
KOMI
ASGR
MLPL
ASII
AUTO
GJTL
ADMG
HEXA
TURI
UNTR
DNKS
DVLA
KLBF
KAEF
TSPC
MRAT
UNVR
ARUS KAS AKTIVITAS OPERASI ( X 1 )
( Dalam Rupiah )
2002
2003
157.134.962.473
132.804.202.714
251.784.155.137
1.557.249.832.251
116.021.872.851
128.373.691.254
22.016.186.840
27.191.367.916
-3.367.699
-36.348.378
31.660.614.497
4.035.042.358
2.215.856.000.000
2.112.529.000.000
1.826.574.000.000
2.024.678.000.000
133.383.105.000
555.648.003.000
11.095.863.662
6.709.896.412
54.590.000.000
108.067.000.000
6.765.055.284
3.404.755.684
4.682.551.735
-27.764.000.000
13.351.267.691
8.495.607.825
116.258.883.615
84.992.232.940
44.586.866.377
43.620.542.208
215.990.928.383
135.976.435.040
1.257.466.000.030
1.387.419.853.536
834.514.826.000
1.107.348.343.000
37.753.517.021
77.527.000.000
157.645.667.835
190.417.776.410
39.734.812.762
131.989.000.000
4.201.839.000.000
2.426.624.000.000
71.050.000.000
90.830.000.000
559.239.000.000
563.534.000.000
179.656.892.000
243.419.114.000
-1.695.648.387
119.053.497.488
128.445.000.000
-159.235.000.000
775.617.000.000
1.022.713.000.000
131.551.592.268
164.215.747.320
61.498.763.000
67.927.018.000
399.127.691.739
507.168.022.365
71.063.463.507
314.627.296.203
341.918.200.597
320.765.508.708
9.490.131.374
15.213.578.028
1.142.908.000.000
1.260.848.000.000
2004
242.454.394.327
1.838.794.010.297
103.732.421.550
7.222.652.279
147.077.068
35.588.548.288
834.682.000.000
2.871.554.000.000
227.282.175.000
29.822.645.216
110.399.000.000
18.084.611.306
95.121.000.000
17.072.058.095
129.867.355.244
-7.275.679.774
18.064.483.831
1.303.966.340.595
850.727.709.000
28.165.771.000
32.339.527.488
374.412.000.000
3.179.423.000.000
122.953.000.000
591.038.000.000
661.592.938.000
138.045.414.900
-208.581.000.000
2.063.081.000.000
274.660.405.767
55.668.000.000
425.072.527.199
-75.045.127.891
424.897.582.676
21.945.974.829
1.415.869.000.000
60
LAMPIRAN III
NO
KODE
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
DAVO
INDF
MYOR
STTP
TBLA
ULTJ
GGRM
HMSP
INDR
TIRT
BUDI
CLPI
LTLS
INCI
DYNA
IGAR
TRST
INTP
SMGR
KOMI
ASGR
MLPL
ASII
AUTO
GJTL
ADMG
HEXA
TURI
UNTR
DNKS
DVLA
KLBF
KAEF
TSPC
MRAT
UNVR
ARUS KAS AKTIVITAS INVESTASI ( X 2 )
( Dalam Rupiah )
2002
2003
2004
163.613.843.979
-97.000.973.368
817.730.998.679
-733.760.345.609
1.351.288.853.941
26.891.425.661
-31.305.865.624
-54.544.184.017
-23.966.962.988
-23.623.297.270
-15.080.208.317
-65.229.806
-48.032.141
-206.182.258
-84.783.458.852
-32.914.492.938
-71.076.430.881
-1.364.099.000.000
-2.151.435.000.000
1.903.487.000.000
-240.669.000.000
-517.978.000.000
-368.519.000.000
346.876.326.000
-75.332.601.000
-88.726.374.000
-68.349.620.484
-97.863.255.344
-105.651.209.680
-41.196.000.000
-53.903.000.000
-53.246.000.000
1.262.936.816
-14.025.530.581
5.229.235.686
-107.678.813.778
-223.666.000.000
-67.731.000.000
-10.160.559.314
-11.931.481.423
-1.224.480.567
-74.706.832.966
-139.577.629.010
-185.834.626.063
-12.756.798.130
-6.265.090.932
-12.907.237.451
-40.738.721.706
-204.648.821.821.033
-216.329.120.110
-193.025.335.779
176.907.070.147
-68.925.889.819
156.351.504.000
-113.638.153.000
-150.136.486.000
-9.662.735.438
-16.833.406.000
-186.155.861.000
20.276.082.718
-25.315.101.793
42.289.148.318
-219.619.591.000
9.360.000.000
423.972.000.000
-140.782.000.000
1.321.672.000.000
-1.837.590.000.000
10.063.000.000
-110.937.000.000
-237.451.000.000
-602.168.000.000
-6.827.000.000
-17.547.000.000
-279.846.083.000
-5.703.450.000
-71.123.786.000
-7.387.311.314
-6.893.049.286
-17.878.339.357
-59.051.000.000
-75.691.000.000
-150.813.000.000
-499.478.000.000
-311.229.000.000
-647.687.000.000
-68.783.494.840
-184.971.146.356
89.439.253.729
43.368.660.000
-12.904.224.000
-20.260.931.000
-99.349.257.968
-397.248.982.317
-277.707.749.018
-66.538.822.091
-49.039.928.606
-41.609.289.716
-97.037.584.360
-115.280.760.057
-152.929.920.379
-10.514.654.105
-2.729.975.616
-5.784.535.249
-96.133.000.000
-311.211.000.000
-243.019.000.000
61
LAMPIRAN IV
NO
KODE
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
DAVO
INDF
MYOR
STTP
TBLA
ULTJ
GGRM
HMSP
INDR
TIRT
BUDI
CLPI
LTLS
INCI
DYNA
IGAR
TRST
INTP
SMGR
KOMI
ASGR
MLPL
ASII
AUTO
GJTL
ADMG
HEXA
TURI
UNTR
DNKS
DVLA
KLBF
KAEF
TSPC
MRAT
UNVR
ARUS KAS AKTIVITAS PENDANAAN ( X 3 )
( Dalam Rupiah )
2002
2003
2004
11.358.710.000
622.589.880.651
495.275.000.000
2.270.500.921.000
622.237.180.362
648.354.339.892
-81.563.079.284
155.808.473.815
171.138.345.215
6.056.428.187
52.165.343.244
12.488.100.000
45.841.449
83.979.917
63.374.608
-4.025.292.232
37.651.551.887
175.017.929.126
-611.217.000.000
-10.270.000.000
1.188.478.000.000
-1.361.269.000.000
-735.291.000.000
-1.961.825.000.000
-462.414.024.000
-483.238.242.000
-154.071.522.000
73.309.095.098
75.709.632.485
79.105.355.763
-14.361.000.000
5.463.000.000
-22.450.000.000
-2.542.793.400
-2.572.032.723
7.076.932.012
46.226.235.338
272.414.000.000
-37.570.000.000
-2.365.006.960
-1.726.521.341
-4.106.580.944
-38.622.325.710
34.991.264.667
64.289.939.846
-35.458.177.022
-25.096.649.392
-7.308.706.424
-203.902.821.695
47.026.421.821
61.555.065.619
-2.854.720.000
-11.113.503.760
5.084.758.517
-2.458.164.523.000
-891.709.893.000
-434.424.863.000
-15.422.400.000
-19.278.000.000
-21.205.800.000
-141.352.246.791
-94.696.990.545
-38.628.349.956
-38.259.318.385
-129.677.000.000
256.245.000.000
-2.634.727.000.000
-3.898.899.000.000
-1.417.494.000.000
-112.684.000.000
-122.178.000.000
38.053.000.000
-168.943.000.000
-544.945.000.000
-627.732.000.000
-36.150.306.000
-221.804.490.000
-556.496.700.000
20.467.926.350
-42.994.290.615
-144.316.212.742
-62.111.000.000
252.723.000.000
355.601.000.000
-314.477.000.000
-361.602.000.000
-1.423.736.000.000
-51.474.542.817
-6.679.308.864
-88.750.542.397
-71.600.133.000
-38.335.982.000
-13.591.541.000
-105.027.250.134
-9.754.727.215
-132.745.877.613
-69.495.333.764
-96.753.625.652
-41.182.687.831
-136.494.101.053
-184.711.543.323
-180.710.822.550
-28.494.456.752
-18.084.416.461
378.038.170
-1.515.150.000.000
-1.220.800.000.000
-1.515.150.000.000
62
LAMPIRAN V
NO
KODE
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
DAVO
INDF
MYOR
STTP
TBLA
ULTJ
GGRM
HMSP
INDR
TIRT
BUDI
CLPI
LTLS
INCI
DYNA
IGAR
TRST
INTP
SMGR
KOMI
ASGR
MLPL
ASII
AUTO
GJTL
ADMG
HEXA
TURI
UNTR
DNKS
DVLA
KLBF
KAEF
TSPC
MRAT
UNVR
2002
90
600
380
260
150
600
8.300
3.700
450
125
105
385
180
275
850
85
170
675
8.150
800
275
170
3.150
1.400
230
110
395
285
305
400
460
275
185
4.125
360
18.200
HARGA SAHAM ( Y )
( Dalam Rupiah )
2003
410
800
875
180
160
450
13.600
4.475
15
150
100
480
285
300
1.400
135
280
2.125
7.850
1.375
330
210
5.000
1.650
550
375
925
300
1.250
1.225
775
1.000
210
5.900
435
3.625
2004
200
800
1.200
180
230
425
13.550
6.650
625
185
110
480
370
440
1.800
105
205
3.075
18.500
3.125
320
315
9.600
1.925
650
345
3.075
675
2.275
775
700
550
205
7.600
410
3.300
63
LAMPIRAN VI
RATA – RATA
( Dalam Rupiah )
NO
KODE
1
DAVO
2
INDF
3
X1
X2
X3
Y
177.464.519.838
22.204.290.204
376.407.863.550
233
1.215.942.665.895
478.419.835.670
1.180.364.147.085
733
MYOR
116.042.661.885
(19.652.874.660)
81.794.579.915
818
4
STTP
18.810.069.012
(20.890.156.192)
23.569.957.144
207
5
TBLA
35.786.997
(106.481.402)
64.398.658
180
6
ULTJ
23.761.401.714
(62.924.794.224)
69.548.062.927
492
7
GGRM
1.721.022.333.333
(537.349.000.000)
188.997.000.000
11.817
8
HMSP
2.240.935.333.333
(375.722.000.000)
(1.352.795.000.000)
4.942
9
INDR
305.437.761.000
60.939.117.000
(366.574.596.000)
363
10
TIRT
15.876.135.097
(90.621.361.836)
76.041.361.115
153
11
BUDI
91.018.666.667
(49.448.333.333)
(10.449.333.333)
105
12
CLPI
9.418.140.758
(2.511.119.360)
654.035.296
448
13
LTLS
24.013.183.912
(133.025.271.259)
93.690.078.446
278
14
INCI
12.972.977.870
(7.772.173.768)
(2.732.703.082)
338
15
DYNA
110.372.823.933
(133.373.029.346)
20.219.626.268
1.350
16
IGAR
26.977.242.937
(10.643.042.171)
(22.621.177.613)
108
17
TRST
123.343.949.085
(68.301.963.220.950)
(31.773.778.085)
218
18
INTP
1.316.284.064.720
(28.348.051.817)
(2.961.155.081)
1.958
19
SMGR
930.863.626.000
(35.807.711.667)
(1.261.433.093.000)
11.500
20
KOMI
47.815.429.340
(70.884.000.813)
(18.635.400.000)
1.767
64
21
ASGR
126.800.990.578
12.416.709.748
(91.559.195.764)
308
22
MLPL
182.045.270.921
71.237.469.667
29.436.227.205
232
23
ASII
3.269.295.333.333
(218.900.000.000)
(2.650.373.333.333)
5.917
24
AUTO
94.944.333.333
(112.775.000.000)
(65.603.000.000)
1.658
25
GJTL
571.270.333.333
(208.847.333.333)
(447.206.666.667)
477
26
ADMG
361.556.314.667
(118.891.106.333)
(271.483.832.000)
277
27
HEXA
85.134.421.334
(10.719.566.652)
(55.614.192.336)
1.465
28
TURI
(79.790.333.333)
(95.185.000.000)
182.071.000.000
420
29
UNTR
1.287.137.000.000
(486.131.333.333)
(699.938.333.333)
1.277
30
DNKS
190.142.581.785
(54.771.795.822)
(48.968.131.359)
800
31
DVLA
61.697.927.000
3.401.168.333
(41.175.885.333)
645
32
KLBF
443.789.413.768
(258.101.996.434)
(82.509.284.987)
608
33
KAEF
103.548.543.940
(52.396.013.471)
(69.143.882.416)
200
34
TSPC
362.527.097.327
(121.749.421.599)
(167.305.488.975)
5.875
35
MRAT
15.549.894.744
(6.343.054.990)
(15.400.278.348)
402
36
UNVR
1.273.208.333.333
(216.787.666.667)
(1.417.033.333.333)
8.375
65
LAMPIRAN VII
NPar Tests
Descriptive Statistics
N
OPCF
INVCF
EXPCF
PRICE
Mean
4.7E+11
-2.0E+12
-1.9E+11
1859.5833
36
36
36
36
Std. Deviation
7.407E+11
1.137E+13
6.264E+11
3076.3424
Minimum
-8.0E+10
-6.8E+13
-2.7E+12
105.00
Maximum
3.27E+12
4.78E+11
1.18E+12
11816.67
One-Sample Kolmogorov-Smirnov Test
N
Normal Parameters a,b
Most Extreme
Differences
OPCF
36
4.7E+11
7.4E+11
.286
.286
-.236
1.713
.006
Mean
Std. Deviation
Absolute
Positive
Negative
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
INVCF
36
-2.0E+12
1.1E+13
.523
.414
-.523
3.136
.000
EXPCF
36
-1.9E+11
6.3E+11
.313
.217
-.313
1.878
.002
PRICE
36
1859.5834
3076.3423
.321
.321
-.284
1.923
.001
a. Test distribution is Normal.
b. Calculated from data.
NPar Tests
Descriptive Statistics
N
LNOPCF
LNINVCF
LNEXPCF
LNPRICE
Mean
25.5542
24.2882
24.3655
6.5640
35
6
13
36
Std. Deviation
2.1628
1.6951
2.6179
1.3245
Minimum
17.39
21.95
17.98
4.65
Maximum
28.82
26.89
27.80
9.38
One-Sample Kolmogorov-Smirnov Test
N
Normal Parameters a,b
Most Extreme
Differences
Mean
Std. Deviation
Absolute
Positive
Negative
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
b. Calculated from data.
LNOPCF
35
25.5542
2.1628
.115
.066
-.115
.679
.746
LNINVCF
6
24.2882
1.6951
.173
.173
-.126
.424
.994
LNEXPCF
13
24.3655
2.6179
.250
.117
-.250
.902
.390
LNPRICE
36
6.5640
1.3245
.137
.137
-.095
.820
.512
66
LAMPIRAN VIII
Regression
Variables Entered/Removedb
Model
1
Variables
Entered
LNEXPCF,
LNINVCF,
a
LNOPCF
Variables
Removed
Method
.
Enter
a. All requested variables entered.
b. Dependent Variable: LNPRICE
Model Summaryb
Adjusted Std. Error of the Durbin-W
R Square R Square
Estimate
Atson
Model
R
1
.674
a
.454
.403
1.0236
1.681
a Predictors: (Constant), LNEXPCF, LNINVCF, LNOPCF
b Dependent Variable: LNPRICE
ANOVAb
Model
1
Regression
Residual
Total
Sum of
Squares
27.877
33.528
61.404
df
3
32
35
Mean Square
9.292
1.048
F
8.869
Sig.
.000a
a. Predictors: (Constant), LNEXPCF, LNINVCF, LNOPCF
b. Dependent Variable: LNPRICE
Coefficientsa
Model
1
(Constant)
LNOPCF
LNINVCF
LNEXPCF
Unstandardized
Coefficients
B
Std. Error
3.180
6.695
.528
.105
-8.43E-02
.277
-.331
.147
a. Dependent Variable: LNPRICE
Standardi
zed
Coefficien
ts
Beta
.850
-.041
-.383
t
.475
5.035
-.304
-2.244
Sig.
.638
.000
.763
.032
Collinearity Statistics
Tolerance
VIF
.599
.948
.586
1.670
1.054
1.707
67
Collinearity Diagnosticsa
Model
1
Dimension
1
2
3
4
Eigenvalue
3.994
4.488E-03
1.635E-03
3.380E-04
a. Dependent Variable: LNPRICE
Condition
Index
1.000
29.830
49.416
108.700
(Constant)
.00
.03
.02
.95
Variance Proportions
LNOPCF
LNINVCF
.00
.00
.49
.03
.51
.01
.00
.96
LNEXPCF
.00
.02
.98
.00
68
LAMPIRAN IX
Regression
Variables Entered/Removedb
Model
1
Variables
Entered
LNEXPCF,
LNINVCF,
a
LNOPCF
Variables
Removed
Method
.
Enter
a. All requested variables entered.
b. Dependent Variable: RES
Model Summary
Model
1
R
R Square
.286a
.082
Adjusted
R Square
-.004
Std. Error of
the Estimate
.5298
a. Predictors: (Constant), LNEXPCF, LNINVCF, LNOPCF
ANOVAb
Model
1
Regression
Residual
Total
Sum of
Squares
.800
8.981
9.781
df
Mean Square
.267
.281
3
32
35
F
.950
Sig.
.428a
a. Predictors: (Constant), LNEXPCF, LNINVCF, LNOPCF
b. Dependent Variable: RES
Coefficientsa
Model
1
(Constant)
LNOPCF
LNINVCF
LNEXPCF
Unstandardized
Coefficients
B
Std. Error
-7.32E-02
3.465
8.715E-02
.054
4.653E-02
.144
-.101
.076
a. Dependent Variable: RES
Standardi
zed
Coefficien
ts
Beta
.351
.056
-.294
t
-.021
1.606
.324
-1.329
Sig.
.983
.118
.748
.193
LAMPIRAN I
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
PERUSAHAAN
PT Davomas Abadi Tbk
PT Indofood Sukses Makmur Tbk
PT Mayora Indah Tbk
PT Siantar Top Tbk
PT Tunas Baru Lampung Tbk
PT Ultra Jaya Milk Tbk
PT Gudang Garam Tbk
PT HM Sampoerna Tbk
PT Indoroma Synthetic Tbk
PT Tirta Mahakam Resources Tbk
PT Budi Acid Jaya Tbk
PT Colorpak Indonesia Tbk
PT Lautan Luas Tbk
PT Intan Wijaya Internasional Tbk
PT Dynaplast Tbk
PT Kageo Igar Jaya Tbk
PT Trias Sentosa Tbk
PT Indocement Tunggal Perkasa Tbk
PT Semen Gresik Tbk
PT Komatsu Indonesia Tbk
PT Astra Graphia Tbk
PT Multipolar Corporation Tbk
PT Astra International Tbk
PT Astra Otopart Tbk
PT Gajah Tunggal Tbk
PT GT Petrochem Industries Tbk
PT Hexindo Adiperkasa Tbk
PT Tunas Ridean Tbk
PT United Tractors Tbk
PT Dankos Laboratoria Tbk
PT Darya Varia Laboratoria Tbk
PT Kalbe Farma Tbk
PT Kimia farma Tbk
PT Tempo Scan Pacifik Tbk
PT Mustika Ratu Tbk
PT Unilever Indonesia Tbk
KODE
DAVO
INDF
MYOR
STTP
TBLA
ULTJ
GGRM
HMSP
INDR
TIRT
BUDI
CLPI
LTLS
INCI
DYNA
IGAR
TRST
INTP
SMGR
KOMI
ASGR
MLPL
ASII
AUTO
GJTL
ADMG
HEXA
TURI
UNTR
DNKS
DVLA
KLBF
KAEF
TSPC
MRAT
UNVR
59
LAMPIRAN II
NO
KODE
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
DAVO
INDF
MYOR
STTP
TBLA
ULTJ
GGRM
HMSP
INDR
TIRT
BUDI
CLPI
LTLS
INCI
DYNA
IGAR
TRST
INTP
SMGR
KOMI
ASGR
MLPL
ASII
AUTO
GJTL
ADMG
HEXA
TURI
UNTR
DNKS
DVLA
KLBF
KAEF
TSPC
MRAT
UNVR
ARUS KAS AKTIVITAS OPERASI ( X 1 )
( Dalam Rupiah )
2002
2003
157.134.962.473
132.804.202.714
251.784.155.137
1.557.249.832.251
116.021.872.851
128.373.691.254
22.016.186.840
27.191.367.916
-3.367.699
-36.348.378
31.660.614.497
4.035.042.358
2.215.856.000.000
2.112.529.000.000
1.826.574.000.000
2.024.678.000.000
133.383.105.000
555.648.003.000
11.095.863.662
6.709.896.412
54.590.000.000
108.067.000.000
6.765.055.284
3.404.755.684
4.682.551.735
-27.764.000.000
13.351.267.691
8.495.607.825
116.258.883.615
84.992.232.940
44.586.866.377
43.620.542.208
215.990.928.383
135.976.435.040
1.257.466.000.030
1.387.419.853.536
834.514.826.000
1.107.348.343.000
37.753.517.021
77.527.000.000
157.645.667.835
190.417.776.410
39.734.812.762
131.989.000.000
4.201.839.000.000
2.426.624.000.000
71.050.000.000
90.830.000.000
559.239.000.000
563.534.000.000
179.656.892.000
243.419.114.000
-1.695.648.387
119.053.497.488
128.445.000.000
-159.235.000.000
775.617.000.000
1.022.713.000.000
131.551.592.268
164.215.747.320
61.498.763.000
67.927.018.000
399.127.691.739
507.168.022.365
71.063.463.507
314.627.296.203
341.918.200.597
320.765.508.708
9.490.131.374
15.213.578.028
1.142.908.000.000
1.260.848.000.000
2004
242.454.394.327
1.838.794.010.297
103.732.421.550
7.222.652.279
147.077.068
35.588.548.288
834.682.000.000
2.871.554.000.000
227.282.175.000
29.822.645.216
110.399.000.000
18.084.611.306
95.121.000.000
17.072.058.095
129.867.355.244
-7.275.679.774
18.064.483.831
1.303.966.340.595
850.727.709.000
28.165.771.000
32.339.527.488
374.412.000.000
3.179.423.000.000
122.953.000.000
591.038.000.000
661.592.938.000
138.045.414.900
-208.581.000.000
2.063.081.000.000
274.660.405.767
55.668.000.000
425.072.527.199
-75.045.127.891
424.897.582.676
21.945.974.829
1.415.869.000.000
60
LAMPIRAN III
NO
KODE
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
DAVO
INDF
MYOR
STTP
TBLA
ULTJ
GGRM
HMSP
INDR
TIRT
BUDI
CLPI
LTLS
INCI
DYNA
IGAR
TRST
INTP
SMGR
KOMI
ASGR
MLPL
ASII
AUTO
GJTL
ADMG
HEXA
TURI
UNTR
DNKS
DVLA
KLBF
KAEF
TSPC
MRAT
UNVR
ARUS KAS AKTIVITAS INVESTASI ( X 2 )
( Dalam Rupiah )
2002
2003
2004
163.613.843.979
-97.000.973.368
817.730.998.679
-733.760.345.609
1.351.288.853.941
26.891.425.661
-31.305.865.624
-54.544.184.017
-23.966.962.988
-23.623.297.270
-15.080.208.317
-65.229.806
-48.032.141
-206.182.258
-84.783.458.852
-32.914.492.938
-71.076.430.881
-1.364.099.000.000
-2.151.435.000.000
1.903.487.000.000
-240.669.000.000
-517.978.000.000
-368.519.000.000
346.876.326.000
-75.332.601.000
-88.726.374.000
-68.349.620.484
-97.863.255.344
-105.651.209.680
-41.196.000.000
-53.903.000.000
-53.246.000.000
1.262.936.816
-14.025.530.581
5.229.235.686
-107.678.813.778
-223.666.000.000
-67.731.000.000
-10.160.559.314
-11.931.481.423
-1.224.480.567
-74.706.832.966
-139.577.629.010
-185.834.626.063
-12.756.798.130
-6.265.090.932
-12.907.237.451
-40.738.721.706
-204.648.821.821.033
-216.329.120.110
-193.025.335.779
176.907.070.147
-68.925.889.819
156.351.504.000
-113.638.153.000
-150.136.486.000
-9.662.735.438
-16.833.406.000
-186.155.861.000
20.276.082.718
-25.315.101.793
42.289.148.318
-219.619.591.000
9.360.000.000
423.972.000.000
-140.782.000.000
1.321.672.000.000
-1.837.590.000.000
10.063.000.000
-110.937.000.000
-237.451.000.000
-602.168.000.000
-6.827.000.000
-17.547.000.000
-279.846.083.000
-5.703.450.000
-71.123.786.000
-7.387.311.314
-6.893.049.286
-17.878.339.357
-59.051.000.000
-75.691.000.000
-150.813.000.000
-499.478.000.000
-311.229.000.000
-647.687.000.000
-68.783.494.840
-184.971.146.356
89.439.253.729
43.368.660.000
-12.904.224.000
-20.260.931.000
-99.349.257.968
-397.248.982.317
-277.707.749.018
-66.538.822.091
-49.039.928.606
-41.609.289.716
-97.037.584.360
-115.280.760.057
-152.929.920.379
-10.514.654.105
-2.729.975.616
-5.784.535.249
-96.133.000.000
-311.211.000.000
-243.019.000.000
61
LAMPIRAN IV
NO
KODE
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
DAVO
INDF
MYOR
STTP
TBLA
ULTJ
GGRM
HMSP
INDR
TIRT
BUDI
CLPI
LTLS
INCI
DYNA
IGAR
TRST
INTP
SMGR
KOMI
ASGR
MLPL
ASII
AUTO
GJTL
ADMG
HEXA
TURI
UNTR
DNKS
DVLA
KLBF
KAEF
TSPC
MRAT
UNVR
ARUS KAS AKTIVITAS PENDANAAN ( X 3 )
( Dalam Rupiah )
2002
2003
2004
11.358.710.000
622.589.880.651
495.275.000.000
2.270.500.921.000
622.237.180.362
648.354.339.892
-81.563.079.284
155.808.473.815
171.138.345.215
6.056.428.187
52.165.343.244
12.488.100.000
45.841.449
83.979.917
63.374.608
-4.025.292.232
37.651.551.887
175.017.929.126
-611.217.000.000
-10.270.000.000
1.188.478.000.000
-1.361.269.000.000
-735.291.000.000
-1.961.825.000.000
-462.414.024.000
-483.238.242.000
-154.071.522.000
73.309.095.098
75.709.632.485
79.105.355.763
-14.361.000.000
5.463.000.000
-22.450.000.000
-2.542.793.400
-2.572.032.723
7.076.932.012
46.226.235.338
272.414.000.000
-37.570.000.000
-2.365.006.960
-1.726.521.341
-4.106.580.944
-38.622.325.710
34.991.264.667
64.289.939.846
-35.458.177.022
-25.096.649.392
-7.308.706.424
-203.902.821.695
47.026.421.821
61.555.065.619
-2.854.720.000
-11.113.503.760
5.084.758.517
-2.458.164.523.000
-891.709.893.000
-434.424.863.000
-15.422.400.000
-19.278.000.000
-21.205.800.000
-141.352.246.791
-94.696.990.545
-38.628.349.956
-38.259.318.385
-129.677.000.000
256.245.000.000
-2.634.727.000.000
-3.898.899.000.000
-1.417.494.000.000
-112.684.000.000
-122.178.000.000
38.053.000.000
-168.943.000.000
-544.945.000.000
-627.732.000.000
-36.150.306.000
-221.804.490.000
-556.496.700.000
20.467.926.350
-42.994.290.615
-144.316.212.742
-62.111.000.000
252.723.000.000
355.601.000.000
-314.477.000.000
-361.602.000.000
-1.423.736.000.000
-51.474.542.817
-6.679.308.864
-88.750.542.397
-71.600.133.000
-38.335.982.000
-13.591.541.000
-105.027.250.134
-9.754.727.215
-132.745.877.613
-69.495.333.764
-96.753.625.652
-41.182.687.831
-136.494.101.053
-184.711.543.323
-180.710.822.550
-28.494.456.752
-18.084.416.461
378.038.170
-1.515.150.000.000
-1.220.800.000.000
-1.515.150.000.000
62
LAMPIRAN V
NO
KODE
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
DAVO
INDF
MYOR
STTP
TBLA
ULTJ
GGRM
HMSP
INDR
TIRT
BUDI
CLPI
LTLS
INCI
DYNA
IGAR
TRST
INTP
SMGR
KOMI
ASGR
MLPL
ASII
AUTO
GJTL
ADMG
HEXA
TURI
UNTR
DNKS
DVLA
KLBF
KAEF
TSPC
MRAT
UNVR
2002
90
600
380
260
150
600
8.300
3.700
450
125
105
385
180
275
850
85
170
675
8.150
800
275
170
3.150
1.400
230
110
395
285
305
400
460
275
185
4.125
360
18.200
HARGA SAHAM ( Y )
( Dalam Rupiah )
2003
410
800
875
180
160
450
13.600
4.475
15
150
100
480
285
300
1.400
135
280
2.125
7.850
1.375
330
210
5.000
1.650
550
375
925
300
1.250
1.225
775
1.000
210
5.900
435
3.625
2004
200
800
1.200
180
230
425
13.550
6.650
625
185
110
480
370
440
1.800
105
205
3.075
18.500
3.125
320
315
9.600
1.925
650
345
3.075
675
2.275
775
700
550
205
7.600
410
3.300
63
LAMPIRAN VI
RATA – RATA
( Dalam Rupiah )
NO
KODE
1
DAVO
2
INDF
3
X1
X2
X3
Y
177.464.519.838
22.204.290.204
376.407.863.550
233
1.215.942.665.895
478.419.835.670
1.180.364.147.085
733
MYOR
116.042.661.885
(19.652.874.660)
81.794.579.915
818
4
STTP
18.810.069.012
(20.890.156.192)
23.569.957.144
207
5
TBLA
35.786.997
(106.481.402)
64.398.658
180
6
ULTJ
23.761.401.714
(62.924.794.224)
69.548.062.927
492
7
GGRM
1.721.022.333.333
(537.349.000.000)
188.997.000.000
11.817
8
HMSP
2.240.935.333.333
(375.722.000.000)
(1.352.795.000.000)
4.942
9
INDR
305.437.761.000
60.939.117.000
(366.574.596.000)
363
10
TIRT
15.876.135.097
(90.621.361.836)
76.041.361.115
153
11
BUDI
91.018.666.667
(49.448.333.333)
(10.449.333.333)
105
12
CLPI
9.418.140.758
(2.511.119.360)
654.035.296
448
13
LTLS
24.013.183.912
(133.025.271.259)
93.690.078.446
278
14
INCI
12.972.977.870
(7.772.173.768)
(2.732.703.082)
338
15
DYNA
110.372.823.933
(133.373.029.346)
20.219.626.268
1.350
16
IGAR
26.977.242.937
(10.643.042.171)
(22.621.177.613)
108
17
TRST
123.343.949.085
(68.301.963.220.950)
(31.773.778.085)
218
18
INTP
1.316.284.064.720
(28.348.051.817)
(2.961.155.081)
1.958
19
SMGR
930.863.626.000
(35.807.711.667)
(1.261.433.093.000)
11.500
20
KOMI
47.815.429.340
(70.884.000.813)
(18.635.400.000)
1.767
64
21
ASGR
126.800.990.578
12.416.709.748
(91.559.195.764)
308
22
MLPL
182.045.270.921
71.237.469.667
29.436.227.205
232
23
ASII
3.269.295.333.333
(218.900.000.000)
(2.650.373.333.333)
5.917
24
AUTO
94.944.333.333
(112.775.000.000)
(65.603.000.000)
1.658
25
GJTL
571.270.333.333
(208.847.333.333)
(447.206.666.667)
477
26
ADMG
361.556.314.667
(118.891.106.333)
(271.483.832.000)
277
27
HEXA
85.134.421.334
(10.719.566.652)
(55.614.192.336)
1.465
28
TURI
(79.790.333.333)
(95.185.000.000)
182.071.000.000
420
29
UNTR
1.287.137.000.000
(486.131.333.333)
(699.938.333.333)
1.277
30
DNKS
190.142.581.785
(54.771.795.822)
(48.968.131.359)
800
31
DVLA
61.697.927.000
3.401.168.333
(41.175.885.333)
645
32
KLBF
443.789.413.768
(258.101.996.434)
(82.509.284.987)
608
33
KAEF
103.548.543.940
(52.396.013.471)
(69.143.882.416)
200
34
TSPC
362.527.097.327
(121.749.421.599)
(167.305.488.975)
5.875
35
MRAT
15.549.894.744
(6.343.054.990)
(15.400.278.348)
402
36
UNVR
1.273.208.333.333
(216.787.666.667)
(1.417.033.333.333)
8.375
65
LAMPIRAN VII
NPar Tests
Descriptive Statistics
N
OPCF
INVCF
EXPCF
PRICE
Mean
4.7E+11
-2.0E+12
-1.9E+11
1859.5833
36
36
36
36
Std. Deviation
7.407E+11
1.137E+13
6.264E+11
3076.3424
Minimum
-8.0E+10
-6.8E+13
-2.7E+12
105.00
Maximum
3.27E+12
4.78E+11
1.18E+12
11816.67
One-Sample Kolmogorov-Smirnov Test
N
Normal Parameters a,b
Most Extreme
Differences
OPCF
36
4.7E+11
7.4E+11
.286
.286
-.236
1.713
.006
Mean
Std. Deviation
Absolute
Positive
Negative
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
INVCF
36
-2.0E+12
1.1E+13
.523
.414
-.523
3.136
.000
EXPCF
36
-1.9E+11
6.3E+11
.313
.217
-.313
1.878
.002
PRICE
36
1859.5834
3076.3423
.321
.321
-.284
1.923
.001
a. Test distribution is Normal.
b. Calculated from data.
NPar Tests
Descriptive Statistics
N
LNOPCF
LNINVCF
LNEXPCF
LNPRICE
Mean
25.5542
24.2882
24.3655
6.5640
35
6
13
36
Std. Deviation
2.1628
1.6951
2.6179
1.3245
Minimum
17.39
21.95
17.98
4.65
Maximum
28.82
26.89
27.80
9.38
One-Sample Kolmogorov-Smirnov Test
N
Normal Parameters a,b
Most Extreme
Differences
Mean
Std. Deviation
Absolute
Positive
Negative
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
b. Calculated from data.
LNOPCF
35
25.5542
2.1628
.115
.066
-.115
.679
.746
LNINVCF
6
24.2882
1.6951
.173
.173
-.126
.424
.994
LNEXPCF
13
24.3655
2.6179
.250
.117
-.250
.902
.390
LNPRICE
36
6.5640
1.3245
.137
.137
-.095
.820
.512
66
LAMPIRAN VIII
Regression
Variables Entered/Removedb
Model
1
Variables
Entered
LNEXPCF,
LNINVCF,
a
LNOPCF
Variables
Removed
Method
.
Enter
a. All requested variables entered.
b. Dependent Variable: LNPRICE
Model Summaryb
Adjusted Std. Error of the Durbin-W
R Square R Square
Estimate
Atson
Model
R
1
.674
a
.454
.403
1.0236
1.681
a Predictors: (Constant), LNEXPCF, LNINVCF, LNOPCF
b Dependent Variable: LNPRICE
ANOVAb
Model
1
Regression
Residual
Total
Sum of
Squares
27.877
33.528
61.404
df
3
32
35
Mean Square
9.292
1.048
F
8.869
Sig.
.000a
a. Predictors: (Constant), LNEXPCF, LNINVCF, LNOPCF
b. Dependent Variable: LNPRICE
Coefficientsa
Model
1
(Constant)
LNOPCF
LNINVCF
LNEXPCF
Unstandardized
Coefficients
B
Std. Error
3.180
6.695
.528
.105
-8.43E-02
.277
-.331
.147
a. Dependent Variable: LNPRICE
Standardi
zed
Coefficien
ts
Beta
.850
-.041
-.383
t
.475
5.035
-.304
-2.244
Sig.
.638
.000
.763
.032
Collinearity Statistics
Tolerance
VIF
.599
.948
.586
1.670
1.054
1.707
67
Collinearity Diagnosticsa
Model
1
Dimension
1
2
3
4
Eigenvalue
3.994
4.488E-03
1.635E-03
3.380E-04
a. Dependent Variable: LNPRICE
Condition
Index
1.000
29.830
49.416
108.700
(Constant)
.00
.03
.02
.95
Variance Proportions
LNOPCF
LNINVCF
.00
.00
.49
.03
.51
.01
.00
.96
LNEXPCF
.00
.02
.98
.00
68
LAMPIRAN IX
Regression
Variables Entered/Removedb
Model
1
Variables
Entered
LNEXPCF,
LNINVCF,
a
LNOPCF
Variables
Removed
Method
.
Enter
a. All requested variables entered.
b. Dependent Variable: RES
Model Summary
Model
1
R
R Square
.286a
.082
Adjusted
R Square
-.004
Std. Error of
the Estimate
.5298
a. Predictors: (Constant), LNEXPCF, LNINVCF, LNOPCF
ANOVAb
Model
1
Regression
Residual
Total
Sum of
Squares
.800
8.981
9.781
df
Mean Square
.267
.281
3
32
35
F
.950
Sig.
.428a
a. Predictors: (Constant), LNEXPCF, LNINVCF, LNOPCF
b. Dependent Variable: RES
Coefficientsa
Model
1
(Constant)
LNOPCF
LNINVCF
LNEXPCF
Unstandardized
Coefficients
B
Std. Error
-7.32E-02
3.465
8.715E-02
.054
4.653E-02
.144
-.101
.076
a. Dependent Variable: RES
Standardi
zed
Coefficien
ts
Beta
.351
.056
-.294
t
-.021
1.606
.324
-1.329
Sig.
.983
.118
.748
.193