Analisis Pengaruh Free Cash Flow, Kepemilikan Manajerial, Set Kesempatan Investasi, dan Ukuran Perusahaan Terhadap Kebijakan Hutang pada Manufaktur yang Terdaftar di Bursa Efek Indonesia

LAMPIRAN 1 DATA PERUSAHAAN

No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.

Daftar Perusahaan
Kriteria
Kode
Perusahaan

1
Sampel
1
ANTM
√
2
ARII
√
BORN
X
BRAU
X
CITA
X
CKRA
X
3
GEMS
√
4

GTBO
√
5
HRUM
√
6
INCO
√
7
PSAB
√
8
SMRU
√
TINS
X

74
Universitas Sumatera Utara

LAMPIRAN 2 DATA LAPORAN KEUANGAN
TAHUN

KODE

TATO

PBV

LN TA

CFO

EPS

28.29

71.03

18.98

16.33

0.23

176.77

ARII

2.25

11.20

45.17

57.14

109.84

78.87

13.20

0.13

22

GEMS

3.66

5.95

2.29

0.96

82.98

114.12

13.93

-0.13

16.93

GTBO

3.27

0.00

49.12

0.74

5.82

4.03

13.00

0.60

-0.34

HRUM

18.40

35.80

2.10

0.40

129.28

70.03

15.06

0.16

323.41

INCO

0.34

0.26

4.50

0.30

58.27

96.04

14.60

0.50

0.04

PSAB

-0.09

-0.31

1.62

2.20

108.26

24.21

7.25

0.12

-0.05

SMRU

-1.40

-0.48

10.00

176.78

11.29

755.40

12.17

0.12

-4.90

ANTM

18.63

18.94

1064.23

41.12

68.06

10.15

16.54

0.15

202.44

2.71

1.58

1.53

42.87

35.48

17.77

14.76

-0.19

14.7

GEMS

10.98

11.06

5.42

0.01

85.97

48.15

15.02

0.11

61.53

GTBO

22.25

22.26

8.10

0.41

70.73

28.65

10.85

5.88

0.01

HRUM

3.27

49.80

2.70

0.30

163.74

3643.04

10.84

18.22

0.06

INCO

0.27

0.19

4.36

0.37

58.57

29.54

14.57

0.26

0.03

PSAB

-0.09

-0.53

1.91

2.96

156.75

30.03

7.03

2.45

-0.05

SMRU

-34.15

-6.18

789.00

14.09

15.86

272.71

12.86

-0.47

-18.70

ANTM

28.64

25.36

251.42

53.59

53.02

6.18

16.80

0.09

314.06

-11.47

-7.73

0.39

64.27

32.51

15.15

14.91

14.51

-35.5

GEMS

4.49

6.14

3.55

0.01

115.09

40.61

15.05

-0.10

30.22

GTBO

50.57

54.80

1.59

1.16

50.24

856.85

12.05

1.67

0.02

HRUM

154.96

37.60

3.10

0.30

19.37

2961.34

10.89

10.74

0.04

INCO

0.07

0.04

3.40

0.35

41.46

22.21

14.66

0.08

0.07

PSAB

0.50

0.30

0.92

1.01

30.09

615.29

13.26

0.26

0.12

SMRU

-155.86

-24.18

599.46

13.17

13.71

207.28

12.64

-2.42

-43.77

ANTM

3.63

3.20

183.64

70.91

51.67

4.42

16.90

0.01

43

-9.26

-7.99

0.27

69.56

36.28

8.07

14.97

-1.15

-35.6

GEMS

3.82

5.71

1.83

0.02

110.09

31.81

15.21

0.05

28.75

GTBO

-21.13

-8.13

6.57

0.21

31.89

438.05

11.39

-2.70

0.01

HRUM

5.92

13.20

3.50

0.40

174.16

1546.94

10.78

1.38

0.01

INCO

0.04

0.02

3.30

0.33

40.40

24.18

14.64

0.29

0.04

PSAB

-0.33

-0.10

0.90

2.10

9.67

563.14

13.60

0.13

-0.03

-489.91

-20.14

814.24

8.30

3.79

214.29

12.41

-0.35

-30.34

ARII

2013

DER

381.77

ARII

2012

CR

18.99

ARII

2011

ROE

19.25

ANTM

2010

NPM

SMRU

75
Universitas Sumatera Utara

LAMPIRAN 3 UJI ASUMSI KLASIK DAN ANALISIS REGRESI
BERGANDA

REGRESSION
/DESCRIPTIVES MEAN STDDEV CORR SIG N
/MISSING LISTWISE
/STATISTICS COEFF OUTS R ANOVA COLLIN TOL
CHANGE
/CRITERIA=PIN(.05) POUT(.10)
/NOORIGIN
/DEPENDENT EPS
/METHOD=ENTER NPM ROE CR DER TATO PBV
LNTotalasset CFO
/SCATTERPLOT=(*SRESID ,*ZPRED)
/RESIDUALS DURBIN HISTOGRAM(ZRESID)
NORMPROB(ZRESID)
/SAVE RESID.

Regression
Notes
Output Created
Comments

26-JAN-2015 22:50:10
Data

Input

Active Dataset
Filter
Weight
Split File
N of Rows in Working Data
File
Definition of Missing

Missing Value Handling
Cases Used

/Volumes/ROMI/romi
spss.sav
DataSet1



32
User-defined missing values
are treated as missing.
Statistics are based on
cases with no missing
values for any variable
used.

76
Universitas Sumatera Utara

REGRESSION
/DESCRIPTIVES MEAN
STDDEV CORR SIG N
/MISSING LISTWISE
/STATISTICS COEFF
OUTS R ANOVA COLLIN
TOL CHANGE
/CRITERIA=PIN(.05)
POUT(.10)
/NOORIGIN
/DEPENDENT EPS
/METHOD=ENTER NPM
ROE CR DER TATO PBV
LNTotalasset CFO

Syntax

/SCATTERPLOT=(*SRESID
,*ZPRED)
/RESIDUALS DURBIN
HISTOGRAM(ZRESID)
NORMPROB(ZRESID)
/SAVE RESID.
00:00:01.32
00:00:02.00
7280 bytes

Resources

Processor Time
Elapsed Time
Memory Required
Additional Memory Required
784 bytes
for Residual Plots

Variables Created or
Modified

RES_1

Unstandardized Residual

[DataSet1] /Volumes/ROMI/romi spss.sav

77
Universitas Sumatera Utara

Pearson Correlation

Sig. (1-tailed)

N

EPS
NPM
ROE
CR
DER
TATO
PBV
LNTA
CFO
EPS
NPM
ROE
CR
DER
TATO
PBV
LNTA
CFO
EPS
NPM
ROE
CR
DER
TATO
PBV
LNTA
CFO

EPS
1.000
.215
.447
.208
.065
.237
-.175
.462
-.147
.
.118
.005
.126
.363
.096
.169
.004
.210
32
32
32
32
32
32
32
32
32

Correlations
NPM ROE
.215
.447
1.000
.534
.534 1.000
-.514 -.211
.024 -.147
.247
.424
.206
.546
.053 -.021
.220
.463
.118
.005
.
.001
.001
.
.001
.123
.447
.211
.086
.008
.130
.001
.387
.454
.113
.004
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32

CR
DER TATO PBV LNTA CFO
.208
.065
.237 -.175
.462 -.147
-.514
.024
.247 .206
.053
.220
-.211 -.147
.424 .546 -.021
.463
1.000
.075 -.277 -.154
.203 -.212
.075 1.000 -.264 -.110
.227 -.031
-.277 -.264 1.000 .214 -.268
.226
-.154 -.110
.214 1.000 -.378
.683
.203
.227 -.268 -.378 1.000 -.234
-.212 -.031
.226 .683 -.234 1.000
.126
.363
.096 .169
.004
.210
.001
.447
.086 .130
.387
.113
.123
.211
.008 .001
.454
.004
.
.341
.063 .201
.133
.122
.341
.
.072 .275
.106
.432
.063
.072
. .120
.069
.106
.201
.275
.120
.
.016
.000
.133
.106
.069 .016
.
.099
.122
.432
.106 .000
.099
.
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32

78
Universitas Sumatera Utara

EPS
NPM
ROE
CR
DER
TATO
PBV
LNTotalasset
CFO

Descriptive Statistics
Mean
Std. Deviation
33.2806
90.53842
-11.4303
96.91166
7.7072
17.86605
132.8719
281.69947
20.4572
37.15117
63.9178
47.72847
399.9228
836.96274
13.3803
2.41323
1.5822
4.53985

N
32
32
32
32
32
32
32
32
32

Variables Entered/Removeda
Model
Variables
Variables
Method
Entered
Removed
CFO, DER, CR,
LNTotalasset,
1
. Enter
TATO, NPM,
ROE, PBVb
a. Dependent Variable: EPS
b. All requested variables entered.
Model Summaryb
Model
R
R
Adjust Std.
Change Statistics
DurbinSquare ed R Error
R
F
df df2 Sig. Watson
Squar of the Square Change 1
F
e
Estima Change
Cha
te
nge
63.195
1
.799a
.639
.513
.639
5.079 8 23 .001
2.168
10
a. Predictors: (Constant), CFO, DER, CR, LNTotalasset, TATO, NPM, ROE, PBV
b. Dependent Variable: EPS

79
Universitas Sumatera Utara

ANOVAa
Model
Sum of Squares df Mean Square
F
Sig.
Regression
162260.082
8
20282.510 5.079 .001b
1
Residual
91853.273 23
3993.621
Total
254113.354 31
a. Dependent Variable: EPS
b. Predictors: (Constant), CFO, DER, CR, LNTotalasset, TATO, NPM, ROE,
PBV

Model

Coefficientsa
Unstandardized
Standardized
Coefficients
Coefficients
B

Std. Error

(Const
-172.629
ant)
NPM
.029
ROE
3.305
CR
.089
1
DER
.230
TATO
.455
PBV
-.033
LNTA
11.485
CFO
-3.386
a. Dependent Variable: EPS

t

Sig.

Beta

Collinearity
Statistics
Tolera
nce

83.979

-2.056 .051

.164
.999
.050
.326
.286
.022
5.721
3.511

.031
.179 .859
.652 3.307 .003
.277 1.776 .089
.094
.703 .489
.240 1.591 .125
-.304 -1.507 .146
.306 2.007 .057
-.170
-.964 .345

.509
.404
.647
.876
.690
.385
.676
.507

80
Universitas Sumatera Utara

VIF

1.963
2.475
1.546
1.141
1.448
2.594
1.480
1.973

Collinearity Diagnosticsa
Mo Dim Eigen Condition
Variance Proportions
del ensi value Index
(Con NPM ROE CR DER TATO
on
stant)
1
3.991
1.000
.00
.00
.01 .00
.01
.01
2
2.071
1.388
.00
.07
.02 .06
.02
.00
3
.975
2.023
.00
.15
.00 .05
.15
.00
4
.745
2.315
.00
.00
.02 .00
.50
.05
1 5
.526
2.755
.00
.11
.15 .48
.01
.04
6
.270
3.842
.00
.25
.13 .16
.12
.00
7
.243
4.056
.00
.28
.33 .01
.12
.10
8
.171
4.835
.01
.13
.25 .22
.08
.65
9
.010
20.387
.98
.01
.08 .02
.01
.15
a. Dependent Variable: EPS

Predicted Value
Std. Predicted Value
Standard Error of Predicted
Value
Adjusted Predicted Value
Residual
Std. Residual
Stud. Residual
Deleted Residual
Stud. Deleted Residual
Mahal. Distance
Cook's Distance
Centered Leverage Value
a. Dependent Variable: EPS

PB LNTA CFO
V
.01
.00
.01
.01
.00
.02
.06
.00
.07
.02
.00
.09
.00
.00
.04
.26
.00
.62
.40
.00
.13
.07
.02
.01
.18
.97
.00

Residuals Statisticsa
Minimum
Maximum
Mean
Std. Deviation
-59.4281
214.7665 33.2806
72.34774
-1.281
2.509
.000
1.000
15.863

59.445

N
32
32

30.981

12.987

32

-121.4371
290.7317 31.6964
-137.77199 150.77994
.00000
-2.180
2.386
.000
-3.167
2.700
.004
-290.71167 196.74661 1.58427
-4.124
3.194
.005
.985
26.462
7.750
.000
1.237
.073
.032
.854
.250

90.76131
54.43353
.861
1.045
84.03520
1.220
7.289
.222
.235

32
32
32
32
32
32
32
32
32

81
Universitas Sumatera Utara

Charts

82
Universitas Sumatera Utara

83
Universitas Sumatera Utara

84
Universitas Sumatera Utara

85
Universitas Sumatera Utara