Lampiran i
Daftar Sampel Penelitian
No Kode Nama Emiten
1 AQUA PT. Aqua Golden Missisippi Tbk 2 ASGR PT. Astra Graphia Tbk
3 ASII PT. Astra Internasional Tbk 4 AUTO PT. Astra Otoparts Tbk
5 SQBI PT. Bristol Myers Squibb Indonesia Tbk 6 CTBN PT. Citra Tubindo Tbk
7 DLTA PT. Delta Djakarta Tbk
8 EKAD PT. Ekhadarma Internasioanal Tbk 9 FAST PT. Fast Food Indonesia Tbk
10 GGRM PT. Gudang Garam Tbk
11 HEXA PT. Hexindo Adiperkasa Tbk
12 HMSP PT. HM Sampoerna Tbk
13 BRAM PT. Indo Kordsa Tbk 14 INDR PT. Indorama Syntetic Tbk
15 INTP PT. Indocement Tunggal Prakasa Tbk 16 KAEF PT. Kimia Farma Tbk
17 LMSH PT. Lion Mesh Prima Tbk 18 MYOR PT. Mayora Indah Tbk
19 MTDL PT. Metrodata Electronica Tbk 20 MLBI PT. Multi Bintang Indonsia Tbk 21 MASA PT. Multistrada Arah Sarana Tbk 22 BATA PT. Sepatu Bata Tbk
23 SMGR PT. Semen Gresik Tbk
24 SOBI PT. Sorini Agro Asia Corporindo Tbk 25 TOTO PT. Surya Toto Indonesia Tbk
26 SCCO PT. Supreme Cable Manufacturing Tbk 27 IKBI PT. Sumi Indo Kabel Tbk
28 TBLA PT. Tunas Baru Lampung Tbk 29 TRST PT. Trias Sentosa Tbk
30 TSPC PT. Tempo Scan Pasific Tbk 31 UNIC PT. Unggul Indah Cahaya Tbk 32 UNTR PT. United Tractors Tbk 33 UNVR PT. Unilever Indonesia Tbk
Daftar Populasi Penelitian
No Kode Nama emiten
1 ADES PT. Ades Water Indonesia Tbk 2 AKRA PT. AKR Corporindo Tbk 3 SQMI PT. Allbond Makmur Usaha Tbk 4 ALMI PT. Aluminindo Light Metal Industry 5 AKKU PT. Aneka Kemasindo Utama Tbk 6 MYTX PT. APAC Citra Centertex Tbk 7 AQUA PT. Aqua Golden Mississippi Tbk 8 AKPI PT. Argha Karya Prima Industri Tbk 9 ARGO PT. Argo Pantes Tbk
10 ARNA PT. Arwana Citramulia Tbk 11 AMFG PT. Asahimas Flat Glass Tbk 12 APLI PT. Asiaplast Industries Tbk 13 ASGR PT. Astra Graphia Tbk 14 ASII PT. Astra Internasional Tbk 15 AUTO PT. Astra Otoparts Tbk 16 BRPT PT. Barito Pasific Tbk 17 BATI PT. BAT Indonesia Tbk
18 RMBA PT. Bentoel Internasional Investama Tbk 19 BRNA PT. Berlina Tbk
20 BTON PT. Beton Jaya Manunggal Tbk
21 SQBI PT. Bristol-Myers Squibb Indonesia Tbk 22 BUDI PT. Budi Acid jaya Tbk
23 CEKA PT. Cahaya Kalbar Tbk
24 CNTX PT. Century Textile Industry Tbk 25 CTBN PT. Citra Tubindo Tbk
26 CLPI PT. Colorpark Indonesia Tbk 27 DVLA PT. Darya-Varia Laboratoria Tbk 28 DAVO PT. Davomas Abadi Tbk
29 DSUC PT. Daya Sakti Unggul Corporation Tbk 30 DLTA PT. Delta Djakarta Tbk
31 DOID PT. Delta Dunia Petroindo Tbk 32 DYNA PT. Dynaplast Tbk
33 DPNS PT. Duta Pertiwi Nusantara Tbk 34 EKAD PT. Ekhadarma Internasional Tbk 35 ERTX PT. Eratex Djaja Tbk
36 ETWA PT. Eterindo Wahanatama Tbk 37 ESTI PT. Ever Shine Textile Industry Tbk 38 FASW PT. Fajar Surya Wisesa Tbk
39 FAST PT. Fast Food Indonesia Tbk 40 FMII PT. Fortune Mate Indonesia Tbk 41 GJTL PT. Gajah Tunggal Tbk
42 GDYR PT. Goodyear Indonesia Tbk
43 GGRM PT. Gudang Garam Tbk
44 KBLI PT. GT Kabel Indonesia Tbk 45 MYRX PT. Hanson internasional Tbk 46 HEXA PT. Hexindo Adiperkasa Tbk 47 SMCB PT. Holcim Indonesia Tbk
48 HMSP PT. HM Sampoerna Tbk
49 INKP PT. Indah Kiat Pulp & Paper Tbk 50 INAI PT. Indal Aluminium Industy Tbk 51 SRSN PT. Indo Acidatama Tbk
52 BRAM PT. Indo Kordsa Tbk
53 INTP PT. Indocement Tunggal Prakasa Tbk 54 INAF PT. Indofarma Tbk
55 INDF PT. Indofood Sukses Makmur Tbk 56 IMAS PT. Indo Mobil Sukses Internasional Tbk 57 INDR PT. Indorama Syntetic Tbk
58 INDS PT. Indospring Tbk
59 INCI PT. Intanwijaya Internasional Tbk 60 INTD PT. Inter Delta Tbk
61 IKAI PT. Inti Keramik Alamastri Industri Tbk 62 INTA PT. Intraco Penta Tbk
63 ITMA PT. Itamaraya Gold Industri Tbk 64 JKSW PT. Jakarta Kyoei Steel Works Tbk 65 JPRS PT. Jaya Pari Steel Tbk
66 JECC PT. Jembo Cable Company Tbk 67 KBLM PT. Kabelindo Murni Tbk 68 IGAR PT. Kageo Igar Jaya Tbk 69 KLBF PT. Kalbe Farma Tbk 70 KARW PT. Karwell Indonesia Tbk 71 KICI PT. Kedaung Indah Can Tbk 72 KDSI PT. Kedaung Setia Industrial Tbk 73 KIAS PT. Keramika Indonesia Assosiasi Tbk 74 KAEF PT. Kimia Farma Tbk
78 LION PT. Lion Metal Works Tbk 79 LMSH PT. Lion Mesh Prima Tbk 80 TCID PT. Mandom Indonesia Tbk 81 MYOR PT. Mayora Indah Tbk
82 MERK PT. Merck Tbk
83 MTDL PT. Metrodata Electronics Tbk 84 MDRN PT. Modern Internasional Tbk 85 MLIA PT. Mulia Industrindo Tbk 86 MLBI PT. Multi Bintang Indonesia Tbk 87 LPIN PT. Multi Prima Sejahtera Tbk 88 MASA PT. Multistrada Arah Sarana Tbk 89 MLPL PT. Multipolar Corporation Tbk 90 MRAT PT. Mustika Ratu Tbk
91 MYOH PT. Myoh Technology Tbk 92 NIPS PT. Nipress Tbk
93 TKIM PT. Pabrik Kertas Twiji Kimia Tbk 94 PBRX PT. Pan Brothers Tex Tbk
95 PAFI PT. Panasia Filament Inti Tbk 96 HDTX PT. Panasia Indosyntetic Tbk 97 PICO PT. Pelangi Indah Canindo Tbk 98 KONI PT. Perdana Bangun Pustaka Tbk 99 PTSP PT. Pioneerindo Gourmet Internasional 100 ADMG PT. Polychem Indonesia Tbk
101 POLY PT. Polysindo Eka Perkasa Tbk 102 PSDN PT. Prasida Aneka Niaga Tbk 103 PRAS PT. Prima Alloy Stell Tbk
104 BIMA PT. Primarindo Asia Infrastructure Tbk 105 PYFA PT. Pyridam Farma Tbk
106 KKGI PT. Resource Alam Indonesia Tbk 107 RICY PT. Ricky Putra Globalindo Tbk 108 RDTX PT. Roda Vitatex Tbk
109 PROD PT. Sara Lee Body care Indonesia Tbk 110 PTSN PT. Sat Nusapersada Tbk
111 SCPI PT. Sechering Plough Indonesia Tbk 112 SKBM PT. Sekar Bumi Tbk
113 SKLT PT. Sekar Laut Tbk
114 SMSM PT. Selamat Sempurna Tbk 115 SMGR PT. Semen Gresik Tbk
116 BATA PT. Sepatu Bata tbk 117 STTP PT. Siantar Top Tbk 118 SIPD PT. Sierad Produce Tbk 119 SIMA PT. Siwani Makmur Tbk 120 SMAR PT. Smart Tbk
121 SOBI PT. Sorini Agro Asia Corporindo Tbk 122 SUGI PT. Sugi Samapersada Tbk
123 SULI PT. Sumalindo Lestari jaya Tbk 124 IKBI PT. Sumi Indo Kabel Tbk
125 SSTM PT. Sunson Textile Manufaktur Tbk 126 SPMA PT. Suparma Tbk
127 SCCO PT. Supreme Cable Manufacturing Tbk 128 SAIP PT. Surabaya Agung Industry Pulp Tbk 129 SIMM PT. Surya Intrindo Makmur Tbk
130 TOTO PT. Surya Toto Indonesia Tbk 131 TBMS PT. Tembaga Mulia Semanam Tbk 132 TSPC PT. Tempo Scan Pasific Tbk
133 TEJA PT. Textile Manufacturing Company Tbk 134 TFCO PT. TIFICO Tbk
135 AISA PT. Tiga Pilar Sejahtera Food Tbk 135 TIRA PT. Tira Austenite Tbk
137 TIRT PT. Tirta Mahakam Resources Tbk 138 FPNI PT. Titan Kimia Nusantara Tbk 139 TRST PT. Trias Sentosa Tbk
140 TPIA PT. Tri polyta Indonesia Tbk 141 INRU PT. Toba Pulp Lestari Tbk 142 TALF PT. Tunas Alfin Tbk
143 TBLA PT. Tunas Baru Lampung Tbk 144 TURI PT. Tunas Ridean Tbk
145 ULTJ PT. Ultra Jaya Milk Tbk 146 UNIC PT. Unggul Indah Cahaya Tbk 147 UNVR PT. Unilever Indonesia Tbk 148 UNTR PT. United Tractors Tbk 149 UNTX PT. Unitex Tbk
150 VOKS PT. Voksel Electric Tbk
Data Variabel Independen – X1 (Tobin-q)
No Kode Nama Emiten 2006 2007 2008
1 AQUA PT. Aqua Golden Missisippi Tbk 6.83 6.82 6.2
2 ASGR PT. Astra Graphia Tbk 5.11 7.86 3.39
3 ASII PT. Astra Internasional Tbk 7.29 10.05 3.83
4 AUTO PT. Astra Otoparts Tbk 4.62 5.47 5.45
5 SQBI
PT. Bristol Myers Squibb Indonesia
Tbk 11.27 2.63 2.64
6 CTBN PT. Citra Tubindo Tbk 7.90 6.86 7.16
7 DLTA PT. Delta Djakarta Tbk 4.15 2.91 3.75
8 EKAD PT. Ekhadarma Internasioanal Tbk 7.79 6.09 10.10
9 FAST PT. Fast Food Indonesia Tbk 3.45 3.77 3.99
10 GGRM PT. Gudang Garam Tbk 4.12 4.08 2.53
11 HEXA PT. Hexindo Adiperkasa Tbk 4.57 5.43 10.68
12 HMSP PT. HM Sampoerna Tbk 19.93 18.14 9.39
13 BRAM PT. Indo Kordsa Tbk 1.97 2.06 1.91
14 INDR PT. Indorama Syntetic Tbk 1.18 1.28 1.13
15 INTP PT. Indocement Tunggal Prakasa Tbk 3.22 4.39 2.59
16 KAEF PT. Kimia Farma Tbk 3.08 5.51 2.26
17 LMSH PT. Lion Mesh Prima Tbk 3.31 5.45 6.54
18 MYOR PT. Mayora Indah Tbk 2.45 2.74 2.45
19 MTDL PT. Metrodata Electronica Tbk 19.79 26.53 6.76 20 MLBI PT. Multi Bintang Indonsia Tbk 4.16 4.24 4.01 21 MASA PT. Multistrada Arah Sarana Tbk 1.27 1.27 1.19
22 BATA PT. Sepatu Bata Tbk 3.86 6.39 2.84
23 SMGR PT. Semen Gresik Tbk 7.27 11.21 8.15
24 SOBI PT. Sorini Agro Asia Corporindo Tbk 7.76 5.82 3.79
25 TOTO PT. Surya Toto Indonesia Tbk 2.13 2.29 2.61
26 SCCO
PT. Supreme Cable Manufacturing
Tbk 4.10 7.38 5.57
27 IKBI PT. Sumi Indo Kabel Tbk 3.20 3.91 2.31
28 TBLA PT. Tunas Baru Lampung Tbk 1.66 3.62 2.13
29 TRST PT. Trias Sentosa Tbk 1.03 1.20 1.14
30 TSPC PT. Tempo Scan Pasific Tbk 6.33 5.54 3.35
31 UNIC PT. Unggul Indah Cahaya Tbk 2.85 2.62 3.08
32 UNTR PT. United Tractors Tbk 4.79 6.82 2.58
Lampiran iv
Data Variabel Independen – X2 (DPR)
No Kode Nama Emiten 2006 2007 2008
1 AQUA PT. Aqua Golden Missisippi Tbk 16.97 19.97 16.18
2 ASGR PT. Astra Graphia Tbk 97.56 60.38 90.68
3 ASII PT. Astra Internasional Tbk 31.63 28.29 34.95
4 AUTO PT. Astra Otoparts Tbk 16.40 15.25 43.60
5 SQBI PT. Bristol Myers Squibb Indonesia Tbk
55.35 47.69 39.82
6 CTBN PT. Citra Tubindo Tbk 68.58 68.65 68.65
7 DLTA PT. Delta Djakarta Tbk 26.01 44.01 26.79
8 EKAD PT. Ekhadarma Internasioanal Tbk 30.00 39.63 24.26
9 FAST PT. Fast Food Indonesia Tbk 12.99 19.57 16.02
10 GGRM PT. Gudang Garam Tbk 47.71 33.33 25.58
11 HEXA PT. Hexindo Adiperkasa Tbk 36.22 35.62 6.91
12 HMSP PT. HM Sampoerna Tbk 18.01 35.67 101.26
13 BRAM PT. Indo Kordsa Tbk 29.49 72.42 29.92
14 INDR PT. Indorama Syntetic Tbk 50.08 43.57 16.19
15 INTP PT. Indocement Tunggal Prakasa Tbk 18.63 14.99 8.44
16 KAEF PT. Kimia Farma Tbk 25.00 25.28 28.27
17 LMSH PT. Lion Mesh Prima Tbk 10.80 8.08 4.99
18 MYOR PT. Mayora Indah Tbk 28.69 21.62 15.62
19 MTDL PT. Metrodata Electronica Tbk 29.19 21.42 19.09 20 MLBI PT. Multi Bintang Indonsia Tbk 75.60 89.89 34.13 21 MASA PT. Multistrada Arah Sarana Tbk 2.11 16.30 205.72
22 BATA PT. Sepatu Bata Tbk 28.05 49.06 58.48
23 SMGR PT. Semen Gresik Tbk 20.32 5.01 35.18
24 SOBI PT. Sorini Agro Asia Corporindo Tbk 1.94 11.47 29.94 25 TOTO PT. Surya Toto Indonesia Tbk 24.86 26.36 27.13 26 SCCO PT. Supreme Cable Manufacturing
Tbk
27.89 11.45 54.97
27 IKBI PT. Sumi Indo Kabel Tbk 24.14 39.50 31.35
28 TBLA PT. Tunas Baru Lampung Tbk 6.16 32.48 135.00
29 TRST PT. Trias Sentosa Tbk 54.12 79.11 24.20
30 TSPC PT. Tempo Scan Pasific Tbk 40.98 40.32 84.21
31 UNIC PT. Unggul Indah Cahaya Tbk 80.01 0.51 40.58
32 UNTR PT. United Tractors Tbk 26.05 28.65 28.58
Data Variabel Independen – X3 (ROE)
No Kode Nama Emiten 2006 2007 2008
1 AQUA PT. Aqua Golden Missisippi Tbk 10.92 12.99 14.16
2 ASGR PT. Astra Graphia Tbk 18.77 22.95 18.77
3 ASII PT. Astra Internasional Tbk 16.59 24.18 27.78
4 AUTO PT. Astra Otoparts Tbk 15.13 20.12 21.34
5 SQBI PT. Bristol Myers Squibb Indonesia Tbk
33.06 32.88 43.94
6 CTBN PT. Citra Tubindo Tbk 28.52 25.97 21.30
7 DLTA PT. Delta Djakarta Tbk 10.02 10.32 16.11
8 EKAD PT. Ekhadarma Internasioanal Tbk 9.96 6.96 7.80
9 FAST PT. Fast Food Indonesia Tbk 23.92 27.17 25.96
10 GGRM PT. Gudang Garam Tbk 7.66 10.22 12.12
11 HEXA PT. Hexindo Adiperkasa Tbk 11.41 13.01 41.70
12 HMSP PT. HM Sampoerna Tbk 62.00 44.94 48.40
13 BRAM PT. Indo Kordsa Tbk 2.20 4.38 9.50
14 INDR PT. Indorama Syntetic Tbk 0.85 0.97 3.04
15 INTP PT. Indocement Tunggal Prakasa Tbk 9.83 14.18 20.53
16 KAEF PT. Kimia Farma Tbk 5.05 5.75 5.84
17 IMSH PT. Lion Mesh Prima Tbk 7.24 7.21 24.37
18 MYOR PT. Mayora Indah Tbk 9.65 13.09 15.36
19 MTDL PT. Metrodata Electronica Tbk 7.92 10.02 9.45
20 MLBI PT. Multi Bintang Indonsia Tbk 37.08 42.68 64.59 21 MASA PT. Multistrada Arah Sarana Tbk 23.56 2.27 0.23
22 BATA PT. Sepatu Bata Tbk 10.61 16.65 57.69
23 SMGR PT. Semen Gresik Tbk 23.56 26.79 31.28
24 SOBI PT. Sorini Agro Asia Corporindo Tbk 7.77 21.34 26.21 25 TOTO PT. Surya Toto Indonesia Tbk 28.40 17.77 17.43 26 SCCO PT. Supreme Cable Manufacturing
Tbk
16.60 15.35 3.15
27 IKBI PT. Sumi Indo Kabel Tbk 11.89 17.60 19.26
28 TBLA PT. Tunas Baru Lampung Tbk 6.12 10.40 7.13
29 TRST PT. Trias Sentosa Tbk 2.66 1.81 5.59
30 TSPC PT. Tempo Scan Pasific Tbk 14.03 13.16 14.34
31 UNIC PT. Unggul Indah Cahaya Tbk 1.02 2.76 3.01
32 UNTR PT. United Tractors Tbk 20.25 26.04 23.9
Lampiran vi
Data Variabel Dependen – Y (DER)
No Kode Nama Emiten 2006 2007 2008
1 AQUA PT. Aqua Golden Missisippi Tbk 60.26 58.73 56.40
2 ASGR PT. Astra Graphia Tbk 46.04 3.66 11.06
3 ASII PT. Astra Internasional Tbk 51.07 37.71 40.15
4 AUTO PT. Astra Otoparts Tbk 17.67 14.85 11.98
5 SQBI PT. Bristol Myers Squibb Indonesia Tbk
14.02 11.22 7.42
6 CTBN PT. Citra Tubindo Tbk 9.75 10.29 12.47
7 DLTA PT. Delta Djakarta Tbk 6.42 6.08 5.91
8 EKAD PT. Ekhadarma Internasioanal Tbk 4.04 4.71 23.44
9 FAST PT. Fast Food Indonesia Tbk 16.42 16.93 15.36
10 GGRM PT. Gudang Garam Tbk 5.35 6.14 5.69
11 HEXA PT. Hexindo Adiperkasa Tbk 46.04 30.46 14.56
12 HMSP PT. HM Sampoerna Tbk 22.14 17.38 5.48
13 BRAM PT. Indo Kordsa Tbk 35.29 31.22 3.41
14 INDR PT. Indorama Syntetic Tbk 65.41 75.27 65.27
15 INTP PT. Indocement Tunggal Prakasa Tbk 45.64 33.34 9.66
16 KAEF PT. Kimia Farma Tbk 4.35 4.97 5.07
17 IMSH PT. Lion Mesh Prima Tbk 12.45 20.73 14.47
18 MYOR PT. Mayora Indah Tbk 37.01 39.65 70.40
19 MTDL PT. Metrodata Electronica Tbk 15.16 11.35 40.62 20 MLBI PT. Multi Bintang Indonsia Tbk 18.13 18.82 10.45 21 MASA PT. Multistrada Arah Sarana Tbk 55.00 18.86 31.55
22 BATA PT. Sepatu Bata Tbk 9.22 7.08 6.72
23 SMGR PT. Semen Gresik Tbk 8.28 5.28 4.18
24 SOBI PT. Sorini Agro Asia Corporindo Tbk 12.78 13.34 14.16 25 TOTO PT. Surya Toto Indonesia Tbk 94.87 76.41 62.40 26 SCCO PT. Supreme Cable Manufacturing
Tbk
0.77 1.09 4.34
27 IKBI PT. Sumi Indo Kabel Tbk 1.76 1.80 1.83
28 TBLA PT. Tunas Baru Lampung Tbk 85.06 104.41 100.6
29 TRST PT. Trias Sentosa Tbk 49.79 49.38 39.27
30 TSPC PT. Tempo Scan Pasific Tbk 4.31 4.66 5.34
31 UNIC PT. Unggul Indah Cahaya Tbk 71.03 17.78 49.99
32 UNTR PT. United Tractors Tbk 55.65 34.23 33.88
Tabulasi Data Variabel Penelitian (Sebelum Transformasi)
No Kode Tobin-q Devidend Payout Ratio Return On Equity Debt to Equity Ratio 2006 2007 2008 2006 2007 2008 2006 2007 2008 2006 2007 2008 1 AQUA 6.83 6.82 6.20 16.97 19.97 16.18 10.92 12.99 14.16 60.26 58.73 56.40 2 ASGR 5.11 7.86 3.39 97.56 60.38 90.68 18.77 22.95 18.77 46.04 3.66 11.06 3 ASII 7.29 10.05 3.83 31.63 28.29 34.95 16.59 24.18 27.78 51.07 37.71 40.15 4 AUTO 4.62 5.47 5.45 16.4 15.25 43.60 15.13 20.12 21.34 17.67 14.85 11.98 5 SQBI 11.27 2.63 2.64 55.35 47.69 39.82 33.06 32.88 43.94 14.02 11.22 7.42 6 CTBN 7.90 6.86 7.16 68.58 68.65 68.65 28.52 25.97 21.3 9.75 10.29 12.47 7 DLTA 4.15 2.91 3.75 26.01 44.01 26.79 10.02 10.32 16.11 6.42 6.08 5.91 8 EKAD 7.79 6.09 10.10 30.00 39.63 24.26 9.96 6.96 7.80 4.04 4.71 23.44 9 FAST 3.45 3.77 3.99 12.99 19.57 16.02 23.92 27.17 25.96 16.42 16.93 15.36 10 GGRM 4.12 4.08 2.53 47.71 33.33 25.58 7.66 10.22 12.12 5.35 6.14 5.69 11 HEXA 4.57 5.43 10.68 36.22 35.62 6.91 11.41 13.01 41.70 46.04 30.46 14.56 12 HMSP 19.93 18.14 9.39 18.01 35.67 101.26 62.00 44.94 48.40 22.14 17.38 5.48 13 BRAM 1.97 2.06 1.91 29.49 72.42 29.92 2.20 4.38 9.50 35.29 31.22 3.41 14 INDR 1.18 1.28 1.13 50.08 43.57 16.19 0.85 0.97 3.04 65.41 75.27 65.27 15 INTP 3.22 4.39 2.59 18.63 14.99 8.44 9.83 14.18 20.53 45.64 33.34 9.66 16 KAEF 3.08 5.51 2.26 25.00 25.28 28.27 5.05 5.75 5.84 4.35 4.97 5.07 17 LMSH 3.31 5.45 6.54 10.80 8.08 4.99 7.24 7.21 24.37 12.45 20.73 14.47
18 MYOR 2.45 2.74 2.45 28.69 21.62 15.62 9.65 13.09 15.36 37.01 39.65 70.40 19 MTDL 19.79 26.53 6.76 29.19 21.42 19.09 7.92 10.02 9.45 15.16 11.35 40.62 20 MLBI 4.16 4.24 4.01 75.60 89.89 34.13 37.08 42.68 64.59 18.13 18.82 10.45 21 MASA 1.27 1.27 1.19 2.11 16.30 205.72 23.56 2.27 0.23 55.00 18.86 31.55 22 BATA 3.86 6.39 2.84 28.05 49.06 58.48 10.61 16.65 57.69 9.22 7.08 6.72 23 SMGR 7.27 11.21 8.15 20.32 5.01 35.18 23.56 26.79 31.28 8.28 5.28 4.18 24 SOBI 7.76 5.82 3.79 1.94 11.47 29.94 7.77 21.34 26.21 12.78 13.34 14.16 25 TOTO 2.13 2.29 2.61 24.86 26.36 27.13 28.40 17.77 17.43 94.87 76.41 62.40 26 SCCO 4.10 7.38 5.57 27.89 11.45 54.97 16.60 15.35 3.15 0.77 1.09 4.34 27 IKBI 3.20 3.91 2.31 24.14 39.50 31.35 11.89 17.60 19.26 1.76 1.80 1.83 28 TBLA 1.66 3.62 2.13 6.16 32.48 135.00 6.12 10.40 7.13 85.06 104.41 100.60 29 TRST 1.03 1.20 1.14 54.12 79.11 24.20 2.66 1.81 5.59 49.79 49.38 39.27 30 TSPC 6.33 5.54 3.35 40.98 40.32 84.21 14.03 13.16 14.34 4.31 4.66 5.34 31 UNIC 2.85 2.62 3.08 80.01 0.51 40.58 1.02 2.76 3.01 71.03 17.78 49.99 32 UNTR 4.79 6.82 2.58 26.05 28.65 28.58 20.25 26.04 23.90 55.65 34.23 33.88 33 UNVR 27.89 21.69 19.09 55.40 64.94 83.04 72.69 72.88 77.65 8.10 7.84 9.90
Tabulasi data Variabel Penelitian (setelah Transformasi)
NO Kode Tobin-q Devidend Payout Ratio Return On Equity Debt to Equity Ratio 2006 2007 2008 2006 2007 2008 2006 2007 2008 2006 2007 2008 1 AQUA 1.92 1.92 1.82 2.83 2.99 2.78 2.39 2.56 2.65 4.10 4.07 4.03 2 ASGR 1.63 2.06 1.22 4.58 4.10 4.51 2.93 3.13 2.93 3.83 1.30 2.40 3 ASII 1.99 2.31 1.34 3.45 3.34 3.55 2.81 3.19 3.32 3.93 3.63 3.69 4 AUTO 1.53 1.70 1.70 2.80 2.72 3.78 2.72 3.00 3.06 2.87 2.70 2.48 5 SQBI 2.42 0.97 0.97 4.01 3.86 3.68 3.50 3.49 3.78 2.64 2.42 2.00 6 CTBN 2.07 1.93 1.97 4.23 4.23 4.23 3.35 3.26 3.06 2.28 2.33 2.52 7 DLTA 1.42 1.07 1.32 3.26 3.78 3.29 2.30 2.33 2.78 1.86 1.81 1.78 8 EKAD 2.05 1.81 2.31 3.40 3.68 3.19 2.30 1.94 2.05 1.40 1.55 3.15 9 FAST 1.24 1.33 1.38 2.56 2.97 2.77 3.17 3.30 3.26 2.80 2.83 2.73 10 GGRM 1.42 1.41 0.93 3.87 3.51 3.24 2.04 2.32 2.49 1.68 1.81 1.74 11 HEXA 1.52 1.69 2.37 3.59 3.57 1.93 2.43 2.57 3.73 3.83 3.42 2.68 12 HMSP 2.99 2.90 2.24 2.89 3.57 4.62 4.13 3.81 3.88 3.10 2.86 1.70 13 BRAM 0.68 0.72 0.65 3.38 4.28 3.40 0.79 1.48 2.25 3.56 3.44 1.23 14 INDR 0.17 0.25 0.12 3.91 3.77 2.78 -0.16 -0.03 1.11 4.18 4.32 4.18 15 INTP 1.17 1.48 0.95 2.92 2.71 2.13 2.29 2.65 3.02 3.82 3.51 2.27 16 KAEF 1.12 1.71 0.82 3.22 3.23 3.34 1.62 1.75 1.76 1.47 1.60 1.62 17 LMSH 1.20 1.70 1.88 2.38 2.09 1.61 1.98 1.98 3.19 2.52 3.03 2.67
18 MYOR 0.90 1.01 0.90 3.36 3.07 2.75 2.27 2.57 2.73 3.61 3.68 4.25 19 MTDL 2.99 3.28 1.91 3.37 3.06 2.95 2.07 2.30 2.25 2.72 2.43 3.70 20 MLBI 1.43 1.44 1.39 4.33 4.50 3.53 3.61 3.75 4.17 2.90 2.93 2.35 21 MASA 0.24 0.24 0.17 0.75 2.79 5.33 3.16 0.82 -1.47 4.01 2.94 3.45 22 BATA 1.35 1.85 1.04 3.33 3.89 4.07 2.36 2.81 4.06 2.22 1.96 1.91 23 SMGR 1.98 2.42 2.10 3.01 1.61 3.56 3.16 3.29 3.44 2.11 1.66 1.43 24 SOBI 2.05 1.76 1.33 0.66 2.44 3.40 2.05 3.06 3.27 2.55 2.59 2.65 25 TOTO 0.76 0.83 0.96 3.21 3.27 3.30 3.35 2.88 2.86 4.55 4.34 4.13 26 SCCO 1.41 2.00 1.72 3.33 2.44 4.01 2.81 2.73 1.15 -0.26 0.09 1.47 27 IKBI 1.16 1.36 0.84 3.18 3.68 3.45 2.48 2.87 2.96 0.57 0.59 0.60 28 TBLA 0.51 1.29 0.76 1.82 3.48 4.91 1.81 2.34 1.96 4.44 4.65 4.61 29 TRST 0.03 0.18 0.13 3.99 4.37 3.19 0.98 0.59 1.72 3.91 3.90 3.67 30 TSPC 1.85 1.71 1.21 3.71 3.70 4.43 2.64 2.58 2.66 1.46 1.54 1.68 31 UNIC 1.05 0.96 1.12 4.38 -0.67 3.70 0.02 1.02 1.10 4.26 2.88 3.91 32 UNTR 1.57 1.92 0.95 3.26 3.36 3.35 3.01 3.26 3.17 4.02 3.53 3.52 33 UNVR 3.33 3.08 2.95 4.01 4.17 4.42 4.29 4.29 4.35 2.09 2.06 2.29
Statistik Deskriptif
Statistik Deskriptif Sebelum Transformasi dengan Logaritma Natural
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation Variance
Tobin-q 99 .03 3.33 1.4637 .72993 .533
Devidend Payout Ratio 99 -.67 5.33 3.3305 .89245 .796
Return On Equity 99 -1.47 4.35 2.5581 1.02717 1.055
Debt to Equity Ratio 99 -.26 4.65 2.7467 1.09797 1.206
Valid N (listwise) 99
Statistik Deskriptif Setelah Transformasi dengan Logaritma Natural
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation Variance
LN_Tobin-q 99 .03 3.33 1.4637 .72993 .533
LN_D PR 99 -.67 5.33 3.3305 .89245 .796
LN_ROE 99 -1.47 4.35 2.5581 1.02717 1.055
LN_DER 99 -.26 4.65 2.7467 1.09797 1.206
Lampiran x
Hasil uji Normalitas : Nonparametric-test Kolmogorov Smirnov Sebelum Transformasi dengan Logaritma Natural
One-Sample Kolmogorov-Smirnov Test Tobin-q Devidend Payout Ratio Return On Equity Debt to Equity Ratio N 99 99 99 99
Normal Parametersa Mean 5.7272 37.9511 19.1988 26.0442
Std. Deviation 5.17015 30.26336 16.46998 25.07932 Most Extreme Differences Absolute .196 .169 .135 .219 Positive .196 .169 .135 .219 Negative -.182 -.108 -.125 -.157 Kolmogorov-Smirnov Z 1.948 1.684 1.345 2.177
Asymp. Sig. (2-tailed) .001 .007 .054 .000
a. Test distribution is Normal.
Setelah Transformasi dengan Logaritma Natural
One-Sample Kolmogorov-Smirnov Test
LN-Tobin-q LN-DPR LN-ROE LN-DER
N 99 99 99 99
Normal Parametersa Mean 1.4637 3.3305 2.5581 2.7467
Std. Deviation .72993 .89245 1.02717 1.09797 Most Extreme Differences Absolute .062 .130 .119 .094 Positive .062 .054 .069 .046 Negative -.046 -.130 -.119 -.094 Kolmogorov-Smirnov Z .614 1.294 1.189 .933
Asymp. Sig. (2-tailed) .845 .070 .118 .349
Hasil Uji Normalitas : Normal probability Plot Residual
Sebelum Transformasi dengan logaritma Natural
Hasil Uji Multikolinearitas Coefficientsa Model Collinearity Statistics Tolerance VIF 1 LN_Tobin-q .677 1.478 LN_DPR .999 1.001 LN_ROE .677 1.478
a. Dependent Variable: LN_DER
Lampiran xii
Hasil Uji Autokorelasi
Model Summaryb Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson 1 .328a .108 .080 1.05337 1.963
a. Predictors: (Constant), LN_ROE, LN_DPR, LN_Tobin-q b. Dependent Variable: LN_DER
Lampiran xiii
Hasil Uji t (Uji Hipotesis t) Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 3.860 .497 7.763 .000 LN_Tobin-q -.327 .177 -.217 -1.846 .068 LN_DPR -.071 .119 -.058 -.595 .554 LN_ROE -.156 .126 -.146 -1.236 .220
a. Dependent Variable: LN_DER
Lampiran xv
Hasil Uji F (Uji Hipotesis F)
ANOVAb
Model Sum of Squares df Mean Square F Sig.
1 Regression 12.732 3 4.244 3.825 .012a
Residual 105.411 95 1.110
Total 118.143 98
a. Predictors: (Constant),LN_ ROE, LN_DPR, Tobin-q b. Dependent Variable: LN_DER
