TINJAUAN PUSTAKA
DAFTAR PUSTAKA
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Lampiran 1
Daftar Perusahaan Yang Melakukan Right Issue Tahun 2005-2009
No Nama Tanggal Right
Issue Bank dan Sekuritas
Bukan Bank dan Sekuritas 1 Apexindo Pratama Duta Tbk Sep 20-26, 2006 √
2 Arthavest Tbk Jul 13 - 19, 2006 √
3 Bakrie dan Brothers Tbk
May 16 - Jun 3,
2005 √
4 Bakrieland Development Tbk Dec 12 - 16, 2005 √ 5
Bank Bumuputera Indonesia Tbk
Dec 30, 2005- Jan
5, 2006 √
6 Bank Niaga Tbk sep 9-15, 2005 √
7 Bank NISP Tbk Nov 24-30 2005 √
8 Inti Kapuas Arowana Tbk Apr 7 - 13, 2005 √
9 Maskapai Reasuransi Ind. Tbk Apr 13-19 2005 √
10 Multipolar Tbk Jun 24 - Jul 7, 2005 √
11 Palm Asia Corpora Tbk Apr 7 - 13, 2005 √ 12 Pan Brothers Tex Tbk Jul 14 - 20, 2005 √
13 Sinar Mas Multiartha Tbk Jul 12-18, 2006 √
14 Asuransi Bintang Tbk Dec 14-20 2006 √
15 Bank Buana Indonesia Tbk Jun 7-15, 2006 √
16 Bank Mega Tbk Apr 12-16 2006 √
17
Bank Nusantara Parahyangan
Tbk Jul 7 - 13, 2006 √
18 Bank Pan Indonesia Tbk
Jul 13 - Agus 28,
2006 √
19
Bank Victoria Internasional
Tbk Jun 26 - 30 2006 √
20 Ciputra Development Tbk Dec 1 - 7, 2006 √ 21 Energi Mega Persada Tbk Jan 6 - 20, 2006 √ 22 Inti Kapuas Arowana Tbk Jan 9 - 21, 2006 √ 23 Jaka Inti Realtindo Tbk
Dec 11, 2006 - Jan
23, 2007 √
24 Mandom Indonesia Tbk Feb 10 - 16, 2006 √
25 Bank Himpunan Saudara tbk Dec 8 -22, 2006 √
26 Panin Insurance Tbk
Jul 13-Agus 24,
2006 √
2006
28 Sentul City Tbk Sep 22 - 28, 2006 √
29 Sumalindo Lestari Jaya Tbk Jul 7 - 13, 2006 √
30 Tunas Baru Lampung Jul 13 - 19, 2006 √
31 Ades Waters Indonesia Tbk Dec 7 - 12, 2007 √ 32 ATPK Finance Tbk
Jul 13 - Agus 13,
2007 √
33
Bakrie Sumatera Plantation
Tbk Sep 12 - 18, 2007 √
34 Bakrieland Development Tbk May 1 - 7, 2007 √ 35
Bank Artha Graha
Internasional tbk May 2-8, 2007 √
36 Bank Century Tbk Jun 19 - 25, 2007 √
37 Bank Mayapada Tbk Jun 14-22, 2007 √
38 Bank Negara Indonesia Tbk Agus 13-20, 2007 √
39 Bank NISP Tbk May 8-15, 2007 √
40 Barito Pasific Tbk Dec 6 - 12, 2007 √
41 Bhakti Investama Tbk Jul 12-18, 2007 √
42 Budi Acid Jaya Tbk Jul 11 - 17, 2007 √
43
Charoen Pokphand Indonesia
Tbk Jul 11 - 20, 2007 √
44 Cipta Panelutama Tbk May 16 - 24, 2007 √ 45 Clipan Finance Indonesia Tbk
Jul 13-Agus24,
2007 √
46
Dharma Samudera Fishing
Industries Tbk Jun 12 - 19, 2007 √
47
Fatrapolindo Nusa Industri
Tbk Jan 3 - 18, 2007 √
48 Gajah Tunggal Tbk Des 6 - 12, 2007 √
49 Kridaperdana Indahgraha Tbk
Dec 17, 7 - 17 Jan,
2008 √
50 Matahari Putra Prima Tbk Jan 11 - 30, 2007 √
51 Panin Life Tbk Nov 14-20, 2007 √
52 Multistrada Arah Sarana Tbk Jan 5 - 11, 2007 √ 53 Summarecon Agung Tbk
Jun 22 - Jul 13,
2007 √
54 Abdi Bangsa Tbk Jul 14-18, 2008 √
55 AGIS Tbk Mar 13 - 19, 2008 √
56
Ancora Indonesia Resources
Tbk Okt 8 - 14, 2008 √
57
Asuransi Harta Aman Pratama
58
Bakrie dan Brothers
Tbk*warrant Apr 2-5, 2008 √
59 Bakrie Telecom Tbk Apr 2-15, 2008 √
60
Bank Artha Graha
Internasional tbk Dec 16-22, 2008 √
61 Bank Swadesi Tbk Jul 9-15, 2008 √
62
Bank Victoria Internasional
Tbk Jul 11-25, 2008 √
63
Bintang Mitra Semestaraya Tbk
Okt 7 - 17 Nov,
2008 √
64 Central Proteinaprima Tbk Des 15-19, 2008 √ 65 Citra Kebun Raya Agri Tbk Jan 17 - 23, 2008 √ 66 Dayaindo Resources Intl Tbk Apr 14-18, 2008 √
67 Duta Pertiwi Tbk Jun 19-25, 2008 √
68 HD Capital Tbk jan 15-21, 2008 √
69 Indonesia Air Transport Tbk Des 22-30, 2008 √ 70 Laguna Cipta Griya Tbk Jul 14-18, 2008 √ 71
Leyand Internasional
Tbk*Warrant Apr 11-25, 2008 √
72 Lippo E-Net Tbk Dec 12-18, 2008 √
73 Mandom Indonesia Tbk Jun 24-30, 2008 √
74 Mitra Rajasa Tbk
Nov 27 - 3 Des,
2008 √
75 Ratu Prabu Energi Tbk Jul 14-18, 2008 √
76
Royal Oak Development Asia
Tbk Jan 17-23, 2008 √
77
Sinar Mas Multiartha
Tbk*Warrant Jul 1-7, 2008 √
78 Surya Semesta Internusa Tbk Jul 11-17, 2008 √ 79 Tiga Pilar Sejahtera Food Tbk May 14-21, 2008 √
80 United Tractors Tbk Sep 2-8, 2008 √
81
Ancora Indonesia Resources
Tbk Sep 11 - 30, 2009 √
82 Bank Agroniaga Tbk Nov 23-30, 2009 √
83 Bank Capital Indonesia, Tbk Jul 9-15, 2009 √ 84 Bank Danamon Indonesia, Tbk Apr 17-15, 2009 √
85 Bank Kesawan, Tbk Jul 13-17, 2009 √
86 Bank Tabungan Negara, Tbk Jul 14-25, 2009 √ 87
Berlian Laju Tanker Tbk*Warrant Jul 15- Agus 4, 2009 √ 88 Excelcomindo Pratama Tbk* warrant Dec 1-7, 2009 √
89 Indoexchange Tbk Jun 1-5, 2009 √
90 Pacific Utama Tbk Nov 13-25, 2009 √
91 Pool Advista Indonesia Tbk Jul 14-21, 2009 √ 92 Star Pacific, Tbk* warrant Dec 12-18, 2009 √
Lampiran 2
Daftar Perusahaan Jasa Non Bank Dan Sekuritas Melakukan Right Issue
No KODE Nama Tanggal Right Issue
1 APEX Apexindo Pratama Duta Tbk Sep 20-26, 2006 2 BNBR Bakrie dan Brothers Tbk May 16 - Jun 3, 2005 3 ELTY Bakrieland Development Tbk Dec 12 - 16, 2005 4 IIKP Inti Kapuas Arowana Tbk Apr 7 - 13, 2005
5 MLPI Multipolar Tbk Jun 24 - Jul 7, 2005
6 PLAS Palm Asia Corpora Tbk Apr 7 - 13, 2005 7 PBRX Pan Brothers Tex Tbk Jul 14 - 20, 2005 8 CTRA Ciputra Development Tbk Dec 1 - 7, 2006 9 ENGR Energi Mega Persada Tbk Jan 6 - 20, 2006 10 IIKP Inti Kapuas Arowana Tbk Jan 9 - 21, 2006 11 JAKA Jaka Inti Realtindo Tbk
Dec 11, 2006 - Jan 23, 2007
12 TCID Mandom Indonesia Tbk Feb 10 - 16, 2006
13 BKSL Sentul City Tbk Sep 22 - 28, 2006
14 SULI Sumalindo Lestari Jaya Tbk Jul 7 - 13, 2006 15 TBLA Tunas Baru Lampung Jul 13 - 19, 2006 16 ADES Ades Waters Indonesia Tbk Dec 7 - 12, 2007 17 UNSP Bakrie Sumatera Plantation Tbk Sep 12 - 18, 2007 18 ELTY Bakrieland Development Tbk May 1 - 7, 2007 19 BRPT Barito Pasific Tbk Dec 6 - 12, 2007 20 BUDI Budi Acid Jaya Tbk Jul 11 - 17, 2007 21 CPIN Charoen Pokphand Indonesia Tbk Jul 11 - 20, 2007 22 CITA Cipta Panelutama Tbk May 16 - 24, 2007 23 DSFI
Dharma Samudera Fishing Industries
Tbk Jun 12 - 19, 2007
24 FPNI Fatrapolindo Nusa Industri Tbk Jan 3 - 18, 2007 25 GJTL Gajah Tunggal Tbk Des 6 - 12, 2007
26 KPIG Kridaperdana Indahgraha Tbk Dec 17, 7 - 17 Jan, 2008 27 MPPA Matahari Putra Prima Tbk Jan 11 - 30, 2007
28 MASA Multistrada Arah Sarana Tbk Jan 5 - 11, 2007 29 SMRA Summarecon Agung Tbk Jun 22 - Jul 13, 2007
30 TMPI AGIS Tbk Mar 13 - 19, 2008
31 OKAS Ancora Indonesia Resources Tbk Okt 8 - 14, 2008 32 BMSR Bintang Mitra Semestaraya Tbk Okt 7 - 17 Nov, 2008
33 CPRO Central Proteinaprima Tbk Des 15-19, 2008 34 CKRA Citra Kebun Raya Agri Tbk Jan 17 - 23, 2008 35 KARK Dayaindo Resources Intl Tbk Apr 14-18, 2008
36 DPNS Duta Pertiwi Tbk Jun 19-25, 2008
37 IATA Indonesia Air Transport Tbk Des 22-30, 2008 38 LCGP Laguna Cipta Griya Tbk Jul 14-18, 2008 39 TCID Mandom Indonesia Tbk Jun 24-30, 2008 40 MIRA Mitra Rajasa Tbk Nov 27 - 3 Des, 2008 41 ARTI Ratu Prabu Energi Tbk Jul 14-18, 2008 42 SSIA Surya Semesta Internusa Tbk Jul 11-17, 2008 43 AISA Tiga Pilar Sejahtera Food Tbk May 14-21, 2008 44 UNTR United Tractors Tbk Sep 2-8, 2008 45 OKAS Ancora Indonesia Resources Tbk Sep 11 - 30, 2009
Lampiran 3
Variabel-Variabel Penelitian
No KODE RI car DCAit DLAit
ABN_ CFO ABN_ Prod ABN_ Disep 1 APEX 2.7907 0.3932 0.0492 -0.9634 0.4117 -0.0608 0.1098 2 BNBR 2.0062 0.3566 0.0828 -0.9293 0.4530 -0.0418 0.2618 3 ELTY 2.1797 -0.6087 0.1002 -1.3061 0.3188 0.6032 -0.0676 4 IIKP 2.0010 2.5649 -0.0565 -0.8842 -1.4707 0.4288 0.2644 5 MLPI 2.1547 -0.9631 -0.0879 -0.3333 0.5154 -0.1940 0.6912 6 PLAS 2.7416 -0.2024 -0.1711 -1.1717 -0.0761 0.0601 -0.0247 7 PBRX 2.5724 -0.2364 0.1618 0.3136 -0.3107 0.6274 -0.1307 8 CTRA 2.8354 1.2567 0.0314 -1.4907 0.4540 -0.1099 -0.3693 9 ENGR 2.8865 -0.8133 0.4873 0.1217 1.0415 0.0010 0.3979 10 IIKP 2.0043 1.9925 0.0993 -0.8550 -0.1850 -0.1453 0.4350 11 JAKA 2.1609 2.4471 0.0142 -1.2642 0.0633 -0.0740 -0.0377 12 TCID 3.6035 0.2250 0.1598 -0.7788 -1.0758 -0.6783 -0.3738 13 BKSL 2.0031 -0.6683 0.0453 -1.3069 0.1891 0.1538 -0.1039 14 SULI 2.9925 1.2216 0.0488 -1.0060 0.0656 0.1380 0.0398 15 TBLA 2.1139 -0.3529 0.0406 -1.3455 0.3118 -0.0283 -0.3556 16 ADES 2.9831 -0.8631 -0.2943 -2.6677 -0.3957 0.0523 -1.6483 17 UNSP 3.1191 0.8714 0.0595 -0.7838 0.3345 -0.1644 0.2721 18 ELTY 2.3367 1.4744 0.1132 -0.7780 -0.2675 0.2508 0.4644 19 BRPT 3.3785 2.8542 0.0586 -1.8014 0.3015 1.1019 0.3071 20 BUDI 2.2863 0.4792 0.2151 -0.7873 -0.0550 0.0914 0.2967 21 CPIN 2.9803 2.0512 0.1400 -0.4816 -0.5770 0.3213 0.2638 22 CITA 2.1165 0.8441 -0.2421 -0.2834 0.4615 -0.4887 0.3875 23 DSFI 2.0107 -0.4808 0.1699 -1.1414 -0.4008 0.2373 0.0041 24 FPNI 2.5303 -0.0114 -0.1029 -0.5987 -0.0521 0.0852 0.2954 25 GJTL 2.7145 -0.6760 -0.0356 -1.0676 0.2350 -0.0147 -0.1023 26 KPIG 2.6981 1.3949 0.0743 -2.3482 -0.1971 -0.5710 -1.1199 27 MPPA 2.8016 -0.6583 0.0472 -1.0768 0.0783 -0.0998 -0.2782 28 MASA 2.3133 -0.5208 0.0239 -0.8403 0.2839 0.0621 0.2527 29 SMRA 3.1479 0.4792 0.0694 -0.9025 0.4138 -0.2136 0.2221 30 TMPI 2.2885 -0.3264 0.0509 -2.4358 0.1816 0.0754 -1.3583 31 OKAS 2.2153 0.0497 0.1139 0.6766 -1.0364 0.7540 1.3508 32 BMSR 2.6581 1.0484 -0.0248 -1.6826 -0.2467 0.0238 -0.6599 33 CPRO 1.8000 -0.3634 0.0116 -0.8505 0.1696 0.0370 0.1209
34 CKRA 2.4060 -0.2474 0.0950 0.8168 -1.1822 -0.7214 0.6947 35 KARK 2.4097 -0.3230 0.0123 0.7466 -1.2926 0.4630 1.8420 36 DPNS 2.7644 0.2756 -0.1206 -1.0414 -0.3803 0.0176 -0.1139 37 IATA 2.0043 -0.2684 0.0975 -0.6517 0.3023 -0.0277 0.4356 38 LCGP 1.9542 -0.0735 0.0875 -1.9979 -0.3726 -0.1458 -0.6885 39 TCID 3.7959 0.1932 0.0799 -0.8299 -0.0623 -0.2334 0.0535 40 MIRA 3.6453 2.4482 0.3666 0.8994 0.7606 -0.0259 0.3728 41 ARTI 2.7108 1.3535 0.0467 0.7409 2.3349 -1.6552 1.1379 42 SSIA 2.8215 -0.0823 0.0512 -0.7936 0.1212 -0.0021 0.2203 43 AISA 2.7218 0.1058 0.0186 -0.9642 0.1769 -0.0319 0.0705 44 UNTR 3.9574 -0.0718 0.0558 -0.4245 0.2959 0.1685 0.4261 45 OKAS 2.7261 2.0432 -0.1571 -0.6575 -0.0825 -0.0333 -0.0655
Lampiran 5
Uji Regresi Dengan Variabel Dependend Penawaran Right Issue
Hasil Uji Statistik F Penawaran Right Issue
ANOVAb
Model Sum of Squares Df Mean Square F Sig.
Regression 2.418 6 .403 4.572 .000a
Residual 9.746 38 .256
1
Total 12.164 44
a. Predictors: (Constant), akrual diskresioner jangka pendek, akrual diskresioner jangka panjang, abnormal arus kas perusahaan, abnormal biaya produksi, dan abnormal diskresioner
b. Dependent Variable: penawaran right issue
Coefficientsa Unstandardized Coefficients Standardized Coefficients Collinearity Statistics Model
B Std. Error Beta T Sig.
Toleranc e VIF (Constant) -8.035 4.888 -2.644 .000 dcait -.197 .683 -.050 -.289 .774 .701 1.426 dlait .300 .195 .465 1.540 .132 .231 4.330 abn_cfo -.075 .157 -.091 -.475 .637 .580 1.723 abn_prod -.062 .222 -.050 -3.280 .031 .665 1.504 abn_disex p -.447 .247 -.517 -2.810 .008 .258 3.875 1
Lampiran 6
Uji Regresi Untuk Variabel Dependend Kinerja Jangka Perusahaan Right Issue Hasil Uji Statistik F Kinerja Jangka Panjang Perusahaan Right Issue
ANOVAb
Model Sum of Squares Df Mean Square F Sig.
Regression 1.497 6 .250 4.203 .000a
Residual 46.787 38 1.231
1
Total 48.284 44
a. Predictors: (Constant), akrual diskresioner jangka pendek, akrual diskresioner jangka panjang, abnormal arus kas perusahaan, abnormal biaya produksi, dan abnormal diskresioner
b. Dependent Variable: kinerja jangka panjang perusahaan right issue
Coefficientsa Unstandardized Coefficients Standardized Coefficients Collinearity Statistics Model
B Std. Error Beta t Sig. Tolerance VIF
(Constant) 4.589 10.710 6.428 .000 dcait .900 1.496 .115 6.602 .001 .701 1.426 dlait -.349 .427 -.272 -4.817 .019 .231 4.330 abn_cfo .014 .344 .008 5.040 .008 .580 1.723 abn_prod -.082 .487 -.033 -7.168 .000 .665 1.504 abn_disexp .537 .541 .312 7.993 .000 .258 3.875 1
a. Dependent Variable: Kinerja Jangka Panjang Perusahaan Right Issue
