Andri Rachmawati dan Hanung Triatmoko. 2007. ”Analisis Faktor-Faktor yang Mempengaruhi Kualitas Laba dan Nilai Perusahaan”. Makalah Disampaikan dalam Simposium Nasional Akuntansi 10. Makasar, 26 – 28 Juli.
Ahmad Yani dan Gunawan Widjaya, Seri Hukum Bisnis :Perseroan Terbatas (Jakarta : PT Raja Grafindo P4rsada, 1999) ed.1
Brigham, Eugene dan Joel F. Houston, 2001. Manajemen Keuangan, Edisi Kedelapan, Buku Kedua, Alih Bahasa Dodo suharto, Herman Wibiwo: Editor, Yanti sumiharti, Wisnu Chandra Kridhaji, Penerbit erlangga, Jakarta.
Black, Bernard S.; H. Jang dan W Kim. (2003). “Does Corporate Governance affect Firm Value? Evidence from Korea”. http://papers.ssrn.com
Barnhart, Scott & Rosentein, Stuart. (1998) “Board Composition, Managerial Ownership and Firm Performance : An Empirical Analysis”. The Financial Review; November 1998, p.33-34.
Darmawati, Deni dkk. (2004). “Hubungan Corporate Governance Dan Kinerja perusahaan”.Simposium Nasional Akuntansi VII, Denpasar, 2-3 Desember 2004.
Erlina, Sri Mulyani. 2007. Metodologi Penelitian dan Bisnis untuk Akuntansi dan Manajemen, Edisi Pertama, USU PRESS, Medan.
Fakultas Ekonomi Universitas Sumatera Utara, Departemen Akuntansi, 2004, Buku Petunjuk Teknis Penulisan Proposal Penelitian dan Penulisan Skripsi, Medan.
Ghozali, Imam, 2005. Aplikasi Analisis Multivariate dengan Program SPSS, Universitas Diponegoro, Semarang.
Ikatan Akuntan Indonesia. 2007. Standar Akuntansi Keuangan. Jakarta:Penerbit Salemba Empat.
I.G Rai Widjaya, Hukum Perusahaan, (Jakarta: Kesaint Blanc,2002), hlm 142-144
Indriantoro, Nur dan Bambang Supomo, 2002. Metode Penelitian Bisnis untuk Akuntansi dan Manjemen, BPFE Universitas Gadjah Mada, Yogyakarta.
Jehsen, Michael C. & W.H. Meckling. (1976).“Theory of the Firm: Managerial Behavior, Agency Cost and Ownership Structure”.Journal of Financial Economics 3. p. 305-360.
Jogiyanto, 2004. Metodologi Penelitian Bisnis (Edisi 2004\2005) Cetakan Pertama, BPFE, Yogyakarta
Kesuma , Sambas Ade, 2005, ”Pengaruh Penerapan Coorporate Governance Terhadap Kinerja Perusahaan.” Thesis. Program Pasca Sarjana Universitas SumateraUtara (Tidak Dipublikasikan)
Kristina, Luga, 2008, ”Pengaruh Arus Kas Bersih dan Struktur Modal Terhadap Nilai Perusahaan pada Perusahaan Manufaktur Terbuka Indonesia.” Skripsi. Fakultas Ekoomi Universitas Sumatera Utara.
Mishardi Wilamarta, Hak Pemegang Saham Minoritas dalam Rangka Good Coorporate Governance, cet 2 (Jakarta: Program Pascasarjana, Fakultas Hukum UI, 2002), hlm 27-28
Safri, Sofyan”Teori Akuntansi” Jakarta : Grafindo, 2007 Ed.Revisi
Scott, William R. (2006). “Financial Acconting theory”. 4th Edition. Canada Inc : Pearson Education.
Surya, Indra dan Yustiavanda, Ivan, Penerapan Good Coorporate Governance, Ed pertama Cetakan ke-2 (Jakarta : Kencana , 2006)
Suranta, Eddy dan Pratana Puspita Merdistusi. 2004. “Income Smoothing, Tobin’s Q, Agency Problems dan Kinerja Perusahaan”. Makalah Disampaikan dalam Simposium Nasional Akuntansi VII. Bali, 2 – 3 Desember.
Suratno, Ignatius Bondan, Darsono, dan Siti Mutmainah. 2006. “Pengaruh Environmental Performance terhadap Environmental Disclosure dan Economic Performance (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Jakarta periode 2001-2004)”. Makalah Disampaikan dalam Simposium Nasional Akuntansi Ke-9. Padang, 23 – 26 Agustus 2006.
Sumarni, Murti dan Salamah Wahyuni, 2006. Metode Penelitian Bisnis. Penerbit ANDI. Yogyakarta
Syamsudin, Lukman. 2000. Manajemen Keuangan Perusahaan, PT Raja Grafindo Persada, Jakarta
Ulupu i, I. G. K. A. 2007. ”Analisis Pengaruh Rasio Likuiditas, Leverage, Aktivitas, dan Profitabilitas terhadap Return saham (Studi pada Perusahaan Makanan dan Minuman dengan Kategori Industri Barang Konsumsi di Bursa Efek Jakarta)”. Jurnal Akuntansi dan Bisnis. Vol. 2. No. 1, Januari: 88 – 102.
Umar, Husain, 2001. Riset Akuntansi, Cetakan ketiga, Gramedia, Jakarta.
Utama, Siddharta, 2003. “Corporate Governance, Disclosure and its Evidence in Indonesia”. Usahawan No.04 th XXXII. hal. 28-32
Watts R. and J.L. Zimmerman (1986). Positive Accounting Theory. New York: Prentice Hall.
Wirakusuma, Made danYuniasih, Ni Wayan, 2006. “Pengaruh Kinerja Keuangan terhadap Nilai Perusahaan dengan pengungkapan Corpoorate Social Responsibility dan Good Corporate Governance sebagai variable pemoderasi.” Fakultas Ekonomi, Universitas Udayana.
http:/
Lampiran i DAFTAR POPULASI PENELITIAN
Food and Beverages
1. PT Ades Waters Indonesia Tbk 2. PT Aqua Golden Mississipi Tbk 3. PT Cahaya Kalbar Tbk
4. PTDavomasAbadi Tbk 5. PT Delta Djakarta Tbk 6. PT Fast Food Indonesia Tbk 7. PT Indofood Sukses Makmur Tbk 8. PT Mayora Indah Tbk
9. PT Multi Bintang Indonesia Tbk
10. PT Pioneerindo Gourment International (d/h Putra Sejahtera Pioneerindo (CFC))Tbk 11. PT Prasidha Aneka Niaga Tbk
12. PT Sekar Laut Tbk 13. PT Siantar Top Tbk 14. PT Sierad Produce Tbk 15. PT SMART Tbk 16. PT Suba Indah Tbk
17. PT Tiga Pilar Sejahtera Food (d/h Asia Intiselera) Tbk 18. PT Tunas Baru Lampung Tbk
19. PT Ultra Jaya Milk Tbk Tobacco manufactures 20. PT BAT Indonesia Tbk
21. PT Bentoel International Investama Tbk 22. PT Gudang Garam Tbk
23. PT HM Sampoerna Tbk Textille Mill Products 24. PT Argo Pantes Tbk
25. PT Century Textile Industry (Centex) Tbk 26. PT Eratex Djaja Tbk
27. PT Panasia Filament Inti Tbk 28. PT Panasia Indosyntec Tbk 29. PT Roda Vivatex Tbk
30. PT Sunson textile Manufacture Tbk
31. PT Textile Manufacturing Company Jaya (Texmaco Jaya) Tbk 32. PT TIFICO Tbk
Apparel and Other Textile Products 33. PT APAC Citra Centertex Tbk 34. PT Delta Dunia Petroindo Tbk 35. PT Ever Shine Textile Tbk 36. PT Fortune Mate Indonesia Tbk 37. PT Hanson International Tbk
38. PT Indo Acidatama (d/h Sarasa Nugraha) Tbk 39. PT Indorama Syntetics Tbk
40. PT Karweli Indonesia Tbk 41. PT Pan Brothers Tex Tbk
42. PT Primarindo Asia Infrastructure Tbk 43. PT Ricky Putra Globalindo Tbk
44. PT Sepatu Bata Tbk
45. PT Surya Intrindo Makmur Tbk Lumber and Wood Products 46. PT Barito Pacific Timber Tbk
47. PT Daya Sakti Ungul Corporation Tbk 48. PT Sumalindo Lestari Jaya Tbk 49. PT Surya Dumai Industri Tbk 50. PT Tirta Mahakam Resources Tbk Paper and allied Products
51. PT Fajar Surya Wisesa Tbk 52. PT Indah Kiat Pulp & Paper Tbk 53. PT Pabrik Kertas Tjiwi Kimia Tbk 54. PT Suparma Tbk
55. PT Surabaya Agung Industry Pulp Tbk Chemical and Allied Products
56. PT AKR Corporindo Tbk 57. PT Budi Acid Jaya Tbk 58. PT Colorpak Indonesia Tbk 59. PT Eterindo Wahanatama Tbk 60. PT Lautan Luas Tbk
61. PT Polysindo Eka Perkasa Tbk
62. PT Sorini Agro Asia Corporindo (d/h Sorini Corporation) Tbk 63. PT Unggul Indah Cahaya Tbk
Adhesive
64. PT Duta Pertiwi Nusantara Tbk 65. PT Ekadharma International Tbk 66. PT Intanwijaya internasional Tbk
67. PT Resource Alam Indonesia (d/h Kurnia Kapuas Utama Glue Industries) Tbk Plastics and Glass Products
68. PT Aneka Kemasindo Utama Tbk 69. PT Argha Karya Prima Industry Tbk 70. PT Asahimas Flat Glass Tbk 71. PT Asiaplast Industries Tbk 72. PT Berlina Tbk
73. PT Dynaplast Tbk
74. PT Fatrapolindo Nusa Industri Tbk 75. PT Kageo Igar Jaya (d/h Igarjaya) Tbk 76. PT Langgeng Makmur Plastik Industry Tbk 77. PT Lapindo Internasional Tbk
78. PT Siwani Makmur Tbk 79. PT Trias Sentosa Tbk Cement
80. PT Holcim Indonesia Tbk
81. PT Indocement Tunggal Perkasa Tbk 82. PT Semen Gresik (persero) Tbk Metal and allied Products
83. PT Alumindo Light Metal Industry Tbk 84. PT Betonjaya Manunggal Tbk
85. PT Citra Tubindo Tbk
87. PT Jakarta Kyoei Steel Works tbk 88. PT Jaya Pari Steel Tbk
89. PT Lion Mesh Prima Tbk 90. PT Lion Metal Works Tbk 91. PT Pelangi Indah Canindo Tbk 92. PT Tembaga Mulia Semanan Tbk 93. PT Tira Austenite Tbk
Fabricated Metal Products 94. PT Kedaung Indah Can Tbk 95. PT Kedawung Setia Industrial Tbk Stone, Clay, Glass, and Concrete Products 96. PT Arwana Citra Mulia Tbk
97. PT Intikeramik Alamasri Industry Tbk 98. PT Mulia Industrindo Tbk
99. PT Surya Toto Indonesia Tbk Cables
100.PT GT Kabel Indonesia tbk 101.PT Jembo Cable Company Tbk 102.PT Kabelindo Murni Tbk 103.PT Sucaco Tbk
104.PT Sumi Indo Kabel Tbk 105.PT Voksel Electric Tbk Electronic and Office Equipment 106.PT Astra Graphia Tbk
107.PT Metrodata Electronics Tbk 108.PT Multipolar Corporation Tbk Automotive and Allied Product 109.PT Astra International Tbk 110.PT Astra Otoparts Tbk 111.PT Branta Mulia Tbk 112.PT Gajah Tunggal Tbk 113.PT Goodyear Indonesia Tbk 114.PT Hexindo Adiperkasa Tbk
115.PT Indomobil Sukses Internasional Tbk 116.PT Indospring Tbk
117.PT Intraco Penta Tbk
118.PT Multi Prima Sejahtera Tbk 119.PT Multistrada Arah Sarana Tbk 120.PT Nipress Tbk
121.PT Polychem Indonesia (d/h GT Petrochem Industries) Tbk 122.PT Prima Alloy Steel Tbk
123.PT Sanex Qianjiang Motor Internasional Tbk 124.PT Selamat Sempurna Tbk 125.PT Sugi Samapersada Tbk 126.PT Tunas Ridean Tbk 127.PT United Tractors Tbk Photographic Equipment 128.PT Inter Delta Tbk
130.PT Perdana Bangun Pusaka Tbk Pharmaceuticals
131.PT Bristol-Myers Sauibb Indonesia Tbk 132.PT Darya-Varia Laboratoria Tbk 133.PT Indofarma (Persero) Tbk 134.PT Kalbe Farma Tbk
135.PT Kimia Farma (Persero) Tbk 136.PT Merck Tbk
137.PT Pyridam Farma Tbk
138.PT Schering Plough Indonesia Tbk 139.PT Tempo Scan Pacific Tbk Consumer Goods
140.PT Mandom Indonesia Tbk 141.PT Mustika Ratu Tbk 142.PT Unilever Indonesia Tbk
Lampiran ii NORMALITAS DAN STATISTIK DESKRIPTIF
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation
ROA 69 .01 .20 .0693 .05004 KEPMAN 69 .04 14.32 2.3217 3.36985 MVE 69 39,150.00 42,638,750.00 2,296,979.4 493 5,843,767.12907 Valid N (listwise) 69 Descriptive Statistics
N Minimum Maximum Mean Std. Deviation ROA 69 .01 .20 .0693 .05004 KEPMAN 69 .04 14.32 2.3217 3.36985 LOG10MVE 69 4.59 7.63 5.8867 .60314 Valid N (listwise) 69
One-Sample Kolmogorov-Smirnov Test
ROA LOG10MVE KEPMAN
N 69 69 69
Normal Parametersa Mean .0693 5.8867 2.3217 Std. Deviation .05004 .60314 3.36985 Most Extreme Differences Absolute .170 .079 .249 Positive .170 .078 .247 Negative -.148 -.079 -.249 Kolmogorov-Smirnov Z 1.412 .653 2.070 Asymp. Sig. (2-tailed) .037 .787 .000 a. Test distribution is Normal.
One-Sample Kolmogorov-Smirnov Test
LOG10MVE LNROA LNKEPMAN
N 69 69 69
Normal Parametersa Mean 5.8867 -2.9145 -.4117 Std. Deviation .60314 .71398 1.79508 Most Extreme Differences Absolute .079 .095 .111 Positive .078 .095 .099 Negative -.079 -.082 -.111 Kolmogorov-Smirnov Z .653 .790 .924 Asymp. Sig. (2-tailed) .787 .560 .361 a. Test distribution is Normal.
Lampiran iii UJI REGRESI VARIABEL ROA (X) TERHADAP MVE (Y)
Variables Entered/Removedb Model Variables Entered Variables Removed Method 1 LNROAa . Enter a. All requested variables entered.
b. Dependent Variable: LOG10MVE
Model Summaryb Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson 1 .394a .155 .143 .55843 1.586 a. Predictors: (Constant), LNROA
b. Dependent Variable: LOG10MVE
ANOVAb
Model Sum of Squares df Mean Square F Sig. 1 Regression 3.843 1 3.843 12.325 .001a
Residual 20.893 67 .312 Total 24.737 68
a. Predictors: (Constant), LNROA
b. Dependent Variable: LOG10MVE
Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) 6.857 .284 24.103 .000
LNROA .333 .095 .394 3.511 .001 1.000 1.000 a. Dependent Variable: LOG10MVE
Lampiran iv HASIL UJI REGRESI ROA(X), KEPEMILIKAN MANAJERIAL(KM) TERHADAP MVE
(Y) Variables Entered/Removedb Model Variables Entered Variables Removed Method 1 LNKEPMAN, LNROAa . Enter a. All requested variables entered.
b. Dependent Variable: LOG10MVE
Model Summaryb Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson 1 .401a .161 .135 .56085 1.564 a. Predictors: (Constant), LNKEPMAN, LNROA
b. Dependent Variable: LOG10MVE
ANOVAb
Model Sum of Squares df Mean Square F Sig. 1 Regression 3.976 2 1.988 6.320 .003a
Residual 20.761 66 .315 Total 24.737 68
a. Predictors: (Constant), LNKEPMAN, LNROA b. Dependent Variable: LOG10MVE
Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) 6.784 .307 22.083 .000
LNROA .312 .101 .369 3.090 .003 .893 1.120 LNKEPMAN -.026 .040 -.077 -.649 .519 .893 1.120 a. Dependent Variable: LOG10MVE
Lampiran v HASIL UJI REGRESI ROA (X), KEPEMILIKAN MANAJERIAL (KM), MODERATING
VARIABEL TERHADAP MVE (Y)
Variables Entered/Removedb Model Variables Entered Variables Removed Method 1 moderating, LNROA, LNKEPMANa . Enter
a. All requested variables entered. b. Dependent Variable: LOG10MVE
Model Summaryb Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson 1 .439a .193 .156 .55416 1.589 a. Predictors: (Constant), moderating, LNROA, LNKEPMAN
b. Dependent Variable: LOG10MVE
ANOVAb
Model Sum of Squares df Mean Square F Sig. 1 Regression 4.775 3 1.592 5.183 .003a
Residual 19.961 65 .307 Total 24.737 68
a. Predictors: (Constant), moderating, LNROA, LNKEPMAN b. Dependent Variable: LOG10MVE
Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) 6.908 .313 22.058 .000
LNROA .343 .102 .406 3.378 .001 .860 1.163 LNKEPMAN .228 .162 .679 1.405 .165 .053 18.836 moderating .091 .056 .767 1.614 .111 .055 18.188 a. Dependent Variable: LOG10MVE