LAMPIRAN. Lampiran 1. Daftar Populasi, Kriteria Perusahaan, dan Sampel NO. KODE NAMA PERUSAHAAN

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LAMPIRAN

Lampiran 1. Daftar Populasi, Kriteria Perusahaan, dan Sampel

NO. KODE NAMA PERUSAHAAN KRITERIA

SAMPEL 1 2 3 4

Subsektor Semen

1. INTP Indocement Tunggal Prakarsa, Tbk.     Sampel 1

2. SMCB Holcim Indonesia, Tbk.     Sampel 2

3. SMGR Semen Indonesia, Tbk. ^ ^ ^ ^ Sampel 3

Subsektor Keramik, Porselin, dan Kaca

4. AMFG Asahimas Flat Glass, Tbk.     Sampel 4

5. ARNA Arwana Citramulia, Tbk. ^ ^ − −

6. IKAI Intikeramik Alamsari Industri, Tbk. ^ − − − 7. KIAS Keramika Indonesia Assosiasi, Tbk.   − − 8. MLIA Mulia Industrindo, Tbk.  − − −

9. TOTO Surya Toto Indonesia, Tbk. ^ ^ ^ ^ Sampel 5 Subsektor Logam dan Sejenisnya

10. ALKA Alakasa Industrindo, Tbk.   − − 11. ALMI Alumindo Light Metal Industry, Tbk. ^ − ^ ^ 12. BTON Betonjaya Manunggal, Tbk. ^ ^ − −

13. CTBN Citra Tubindo, Tbk.  − − −

14. GDST Gunawan Dianjaya Steel, Tbk.   − − 15. INAI Indal Aluminium Industry, Tbk. ^ ^ − − 16. ITMA Sumber Energi Andalan, Tbk.  − − − 17. JKSW Jakarta Kyoei Steel, Tbk.  − − −

18. JPRS Jaya Pari Steel, Tbk. ^ ^ − −

19. KRAS Krakatau Steel, Tbk. ^ − − −

20. LION Lion Metal Works, Tbk.   − −

21. LMSH Lionmesh Prima, Tbk.   − −

22. MYRX Hanson International, Tbk. ^ ^ − − 23. NIKL Pelat Timah Nusantara, Tbk.  − − − 24. PICO Pelangi Indah Canindo, Tbk.   − − 25. TBMS Tembaga Mulia Semanan, Tbk. ^ − − −

Subsektor Kimia

26. BRPT Barito Pasific, Tbk.  − − − 27. BUDI Budi Starch & Sweetener, Tbk.   − − 28. DPNS Duta Pertiwi Nusantara, Tbk. ^ − − − 29. EKAD Ekadharma International, Tbk.   − − 30. ETWA Eterindo Wahanatama, Tbk.  − − − 31. INCI Intanwijaya Internasional, Tbk.  − − − 32. SOBI Sorini Agro Asia Corporindo, Tbk. ^ − − −

33. SRSN Indo Acidatama, Tbk.   − −

34. TPIA Chandra Asri Petrochemical, Tbk.  − − −

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35. UNIC Unggul Indah Cahaya, Tbk.   − − Subsektor Plastik dan Kemasan

36. AKKU Alam Karya Unggul, Tbk. ^ − − − 37. AKPI Argha Karya Prima Industry, Tbk. ^ ^ − − 38. APLI Asiaplast Industries, Tbk.  − − −

39. BRNA Berlina, Tbk.  − − −

40. FPNI Lotte Chemical Titan, Tbk. ^ − − − 41. IGAR Champion Pacific Indonesia, Tbk.   − − 42. IPOL Indopoly Swakarsa Industry, Tbk.   − − 43. SIAP Sekawan Intipratama, Tbk. ^ − − −

44. SIMA Siwani Makmur, Tbk. ^ − − −

45. TRST Trias Sentosa, Tbk.   − −

46. YPAS Yanaprima Hastapersada, Tbk.  − − − Subsektor Pakan Ternak

47. CPIN Charoen Pokphand Indonesia, Tbk.     Sampel 6 48. JPFA JAPFA Comfeed Indonesia, Tbk.   − −

49. MAIN Malindo Feedmill, Tbk. ^ ^ ^ ^ Sampel 7

50. SIPD Sierad Produce, Tbk. ^ ^ − −

Subsektor Kayu dan Pengolahannya

51. SULI Sumalindo Lestari Jaya, Tbk.  − − − 52. TIRT Tirta Mahakam Resources, Tbk. ^ − − −

Subsektor Pulp dan Kertas

53. ALDO Alkindo Naratama, Tbk.  − − − 54. FASW Fajar Surya Wisesa, Tbk.  − − − 55. INKP Indah Kiat Pulp & Paper, Tbk. ^ − − − 56. INRU Toba Pulp Lestari, Tbk.  − − − 57. KBRI Kertas Basuki Rachmat Indonesia, Tbk.  − − −

58. SPMA Suparma, Tbk. ^ − − −

59. TKIM Pabrik Kertas Tjiwi Kimia, Tbk. ^ ^ − − Subsektor Otomotif dan Komponen

60. ASII Astra International, Tbk.     Sampel 8

61. AUTO Astra Otoparts, Tbk. ^ − − −

62. BRAM Indo Kordsa, Tbk.   − −

63. GDYR Goodyear Indonesia, Tbk.  − − −

64. GJTL Gajah Tunggal, Tbk. ^ ^ − −

65. IMAS Indomobil Sukses Internasional, Tbk. ^ ^ − −

66. INDS Indospring, Tbk.   − −

67. LPIN Multi Prima Sejahtera, Tbk.   − − 68. MASA Multistrada Arah Sarana, Tbk. ^ − − −

69. NIPS Nipress, Tbk.  − − −

70. PRAS Prima Alloy Steel Universal, Tbk.   − − 71. SMSM Selamat Sempurna, Tbk. ^ ^ − −

Subsektor Tekstil dan Garment

72. ADMG Polychem Indonesia, Tbk.  − − −

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73. ARGO Argo Pantes, Tbk.  − − − 74. CNTX Century Textile Industry, Tbk.  − − −

75. ERTX Eratex Djaja, Tbk. ^ ^ − −

76. ESTI Ever Shine Textile Industry, Tbk. ^ − − − 77. HDTX Panasia Indo Resources, Tbk.  − − − 78. INDR Indo-Rama Synthetics, Tbk.  − − − 79. MYTX Apac Citra Centertex, Tbk. ^ − − −

80. PBRX Pan Brothers, Tbk.   − −

81. POLY Asia Pacific Fibers, Tbk.  − − − 82. RICY Ricky Putra Globalindo, Tbk. ^ − − − 83. SSTM Sunson Textile Manufacturer, Tbk. ^ − − − 84. TFCO Tifico Fiber Indonesia, Tbk.  − − − 85. UNIT Nusantara Inti Corpora, Tbk.   − −

86. UNTX Unitex, Tbk. ^ − − −

Subsektor Alas Kaki

87. BATA Sepatu Bata, Tbk.    ^ Sampel 9

88. BIMA Primarindo Asia Infrastructure, Tbk. ^ − − − Subsektor Kabel

89. IKBI Sumi Indo Kabel, Tbk.   − −

90. JECC Jembo Cable Company, Tbk.   − − 91. KBLI KMI Wire and Cable, Tbk. ^ − − −

92. KBLM Kabelindo Murni, Tbk.  − − −

93. SCCO Supreme Cable Manufacturing &   − − Commerce, Tbk.

94. VOKS Voksel Electric, Tbk.   − −

Subsektor Elektronika

95. PTSN Sat Nusapersada, Tbk. ^ − − −

Subsektor Makanan dan Minuman

96. ADES Akasha Wira International, Tbk.   − −

97. AISA Tiga Pilar Sejahtera Food, Tbk. ^ ^ ^ ^ Sampel 10 98. CEKA Wilmar Cahaya Indonesia, Tbk. ^ − − −

99. DAVO Davomas Abadi, Tbk.  − − −

100. DLTA Delta Djakarta, Tbk.  − − −

101. ICBP Indofood CBP Sukmes Makmur, Tbk. ^ ^ − −

102. INDF Indofood Sukmes Makmur, Tbk.    ^ Sampel 11 103. MLBI Multi Bintang Indonesia, Tbk.    ^ Sampel 12

104. MYOR Mayora Indah, Tbk. ^ ^ − −

105. PSDN Prasidha Aneka Niaga, Tbk. ^ − − − 106. ROTI Nippon Indosari Corpindo, Tbk.   − −

107. SKLT Sekar Laut, Tbk.   − −

108. STTP Siantar Top, Tbk. ^ ^ − −

109. ULTJ Ultrajaya Milk Industry & Trading   − − Company, Tbk.

Subsektor Rokok

110. GGRM Gudang Garam, Tbk.    ^ Sampel 13

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111. HMSP Hanjaya Mandala Sampoerna, Tbk.   − − 112. RMBA Bentoel Internasional Investama, Tbk.  − − −

Subsektor Farmasi

113. DVLA Darya-Varia Laboratoria, Tbk. ^ ^ − −

114. INAF Indofarma, Tbk.  − − −

115. KAEF Kimia Farma, Tbk.   − −

116. KLBF Kalbe Farma, Tbk. ^ ^ ^ ^ Sampel 14

117. MERK Merck, Tbk.  − − −

118. PYFA Pyridam Farma, Tbk.   − − 119. SCPI Merck Sharp Dohme Pharma, Tbk. ^ − − − 120. SQBB Taisho Pharmaceutical Indonesia, Tbk. ^ − − − 121. TSPC Tempo Scan Pasific, Tbk.  − − −

Subsektor Kosmetik dan Barang Keperluan Rumah Tangga

122. MBTO Martina Berto, Tbk. ^ ^ − −

123. MRAT Mustika Ratu, Tbk.  − − −

124. TCID Mandom Indonesia, Tbk.   − −

125. UNVR Unilever Indonesia, Tbk. ^ ^ ^ − Sampel 15

Subsektor Peralatan Rumah Tangga

126. KDSI Kedawung Setia Industrial, Tbk.   − − 127. KICI Kedaung Indah Can, Tbk.   − − 128. LMPI Langgeng Makmur Industri, Tbk. ^ − − −

Lampiran 2. Daftar Sampel Penelitian

No. Kode Perusahaan Nama Perusahaan

1. INTP Indocement Tunggal Prakarsa Tbk.

2. SMCB Holcim Indonesia Tbk.

3. SMGR Semen Indonesia Tbk.

4. AMFG Asahimas Flat Glass Tbk.

5. TOTO Surya Toto Indonesia Tbk.

6. CPIN Charoen Pokphand Indonesia Tbk.

7. MAIN Malindo Feedmill Tbk.

8. ASII Astra International Tbk.

9. BATA Sepatu Bata Tbk.

10. AISA Tiga Pilar Sejahtera Food Tbk.

11. INDF Indofood Sukses Makmur Tbk.

12. MLBI Multi Bintang Indonesia Tbk.

13. GGRM Gudang Garam Tbk.

14. KLBF Kalbe Farma Tbk.

15. UNVR Unilever Indonesia Tbk.

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Lampiran 3. Hasil Perhitungan Variabel Penelitian

TAHUN

Kode PER DER PBV GROWTH

Perusahaan (X1) (X2) (Y) (Z)

2010

CPIN 13,67 0,46 6,78 4,26 GGRM 18,56 0,44 3,63 7,30 INDF 14,50 1,34 2,55 40,09 BATA 14,41 0,32 2,65 3,67 AISA 17,33 0,70 2,27 5,18 AMFG 7,61 0,29 1,37 5,18 ASII 15,37 1,10 4,48 5,90 INTP 18,21 0,17 4,49 47,27 KLBF 25,66 0,23 6,14 5,56 UNVR 37,17 1,15 31,12 2,75 TOTO 9,97 0,73 3,06 1,51 SMGR 15,43 0,29 4,67 3,47 SMBR 10,40 0,10 1,32 1,78 MAIN 6,03 2,75 4,20 1,10 MLBI 13,08 1,41 12,29 2,59

2011

2012

CPIN 22,33 0,51 0,40 7,32 GGRM 26,62 0,56 0,06 4,07 INDF 10,54 0,74 10,71 1,50 BATA 11,25 0,33 11,12 2,01 AISA 12,46 0,47 7,72 1,55 AMFG 10,39 0,25 15,79 1,47 ASII 13,70 0,51 18,73 3,43 INTP 17,35 0,15 25,36 4,26 KLBF 30,38 0,22 13,82 7,30 UNVR 32,87 2,02 14,34 40,09

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TOTO 13,92 0,70 13,67 3,67 SMGR 19,09 0,46 15,85 5,18 SMBR 19,09 0,46 15,85 5,18 MAIN 13,31 2,15 35,55 5,90

MLBI 34,39 2,49 -5,63 47,27

2013

CPIN 21,87 0,58 0,27 5,56 GGRM 18,67 0,73 0,22 2,75 INDF 23,14 1,04 31,64 1,51 BATA 31,05 0,42 18,56 3,47 AISA 13,48 0,53 29,82 1,78 AMFG 8,98 0,27 13,61 1,10 ASII 14,18 0,50 17,40 2,59 INTP 14,69 0,14 16,93 3,20 KLBF 30,53 0,25 20,14 6,89

UNVR 37,06 2,14 -37,54 46,63

TOTO 16,12 0,69 14,68 3,68 SMGR 15,63 0,41 11,44 3,85 SMBR 10,40 0,10 1,32 5,56 MAIN 22,31 1,62 23,03 6,24 MLBI 21,59 0,80 54,69 25,60

2014

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LAMPIRAN 4. Statistik Deskriptif

Descriptive Statistics

N Minimum Maximum Mean Std. Deviation

NilaiPerusahaaan 75 ,52 9,53 3,3099 2,03680

KeputusanInvestasi 75 ,39 12,42 4,3089 1,76547

KeputusanPendanaan 75 ,28 1,74 ,7844 ,34542

Growth 75 ,89 6,98 2,3667 1,57652

Valid N (listwise) 75

Lampiran 5. Uji Normalitas untuk Persamaan Sub Struktural I

One-Sample Kolmogorov-Smirnov Test

Unstandardized Residual

N 75

Normal Parameters^a,b Mean ,0000000

Std. Deviation 1,92286300

Most Extreme Differences Absolute ,079

Positive ,079

Negative -,039

Test Statistic ,079

Asymp. Sig. (2-tailed) ,890^c,d

a. Test distribution is Normal.

b. Calculated from data.

c. Lilliefors Significance Correction.

d. This is a lower bound of the true significance.

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Lampiran 6. Uji Normalitas untuk Persamaan Sub Struktural II

One-Sample Kolmogorov-Smirnov Test

Unstandardized Residual

N 75

Normal Parameters^a,b Mean ,0000000

Std. Deviation 1,93186260

Most Extreme Differences Absolute ,080

Positive ,803

Negative -,073

Test Statistic ,089

Asymp. Sig. (2-tailed) ,896^c,d

a. Test distribution is Normal.

b. Calculated from data.

c. Lilliefors Significance Correction.

d. This is a lower bound of the true significance.

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Lampiran 7. Uji Multikolinearitas pada Persamaan Sub Struktural I

Lampiran 8. Uji Multikolinearitas pada Persamaan Sub Struktural II

Coefficients^a

Model Unstandardized

Coefficients

Standardized Coefficients

t Sig. Correlations Collinearity Statistics B Std.

Error

Beta Zero-

order

Partial Part Tolerance VIF

1

(Constant) 2.143 .760 2.819 .006

KeputusanInvestasi .227 .135 .197 1.680 .097 .204 .194 .194 .971 1.245 KeputusanPendanaan .242 .690 .041 .351 .727 .075 .041 .040 .971 1.030 a. Dependent Variable: Growth

Coefficients^a

Coefficients

Error

Beta Zero-

order

1

(Constant) 2.078 .743 2.798 .000

KeputusanInvestasi .296 .136 .257 2.181 .004 .204 .251 .245 .915 1.093 KeputusanPendanaan 1.070 .778 .181 1.375 .000 .075 .161 .155 .728 1.374

Growth -.373 .176 .289 -

2.127

.637 -.120 -.245 - .239

.686 1.457

a. Dependent Variable: NilaiPerusahaaan

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Lampiran 9. Uji Autokorelasi pada Persamaan Sub Struktural I

Model Summary^b

Model R R

Square

Adjusted R Square

Std.

Error of the Estimate

Change Statistics Durbin- Watson R

Square Change

F Change

df1 df2 Sig. F Change

1 .568^a .254 .217 2.01992 .043 1.621 2 72 .205 1.366 a. Predictors: (Constant), KeputusanPendanaan, KeputusanInvestasi

b. Dependent Variable: Growth

Lampiran 10. Uji Autokorelasi pada Persamaan Sub Struktural II

Model Summary^b

Model R R

Square

Adjusted R Square

Std.

Square Change

F Change

1 .817^a .724 .714 1.97225 .100 2.641 3 71 .056 1.296 a. Predictors: (Constant), KeputusanPendanaan, KeputusanInvestasi, Growth

b. Dependent Variable: NilaiPerusahaaan

Lampiran 11. Uji Heteroskedastisitas pada Persamaan Sub Struktural I

Coefficients^a

Model Unstandardized Coefficients Standardized Coefficients

t Sig.

B Std. Error Beta

1

(Constant) 2.993 .320 9.364 .000

LN_KI -.128 .322 -.064 -.397 .694

LN_KP -.022 .162 -.022 -.137 .892

a. Dependent Variable: LN_RES1

Lampiran 12. Uji Heteroskedastisitas pada Persamaan Sub Struktural II

Coefficients^a

Model Unstandardized Coefficients Standardized Coefficients

t Sig.

B Std. Error Beta

1

(Constant) 5.947 .145 40.992 .000

LN_KP -.073 .040 -.273 -1.813 .078

LN_KI -.153 .081 -.286 -1.896 .066

LN_RES1 .011 .040 .041 .272 .787

a. Dependent Variable: LN_NP

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Lampiran 13. Koefisien Determinasi (R²) untuk Persamaan Sub Struktural I

Model Summary^b

Model R R

Square

Adjusted R Square

Std.

Square Change

F Change

1 .568^a .254 .217 2.01992 .043 1.621 2 72 .205 1.366 a. Predictors: (Constant), KeputusanPendanaan, KeputusanInvestasi

b. Dependent Variable: Growth

Lampiran14.Koefisien Determinasi (R²) untuk Persamaan Sub Struktural II

Model Summary^b

Model R R

Square

Adjusted R Square

Std.

Square Change

F Change

1 .817^a .724 .714 1.97225 .100 2.641 3 71 .056 1.296 a. Predictors: (Constant), KeputusanPendanaan, KeputusanInvestasi, Growth

b. Dependent Variable: NilaiPerusahaaan

Lampiran 15. Uji F untuk Persamaan Sub Struktural I

ANOVA^a

Model Sum of

Squares

df Mean Square F Sig.

1

Regression 57.725 2 28.863 6.467 .000^b

Residual 126.196 72 1.753

Total 183.921 74

a. Dependent Variable: Growth

b. Predictors: (Constant), KeputusanPendanaan, KeputusanInvestasi

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Lampiran 16. Uji F untuk Persamaan Sub Struktural II

ANOVA^a

Model Sum of

Squares

df Mean Square F Sig.

1

Regression 30.817 3 10.272 7.641 .000^b

Residual 276.175 71 3.890

Total 306.992 74

b. Predictors: (Constant), KeputusanPendanaan, KeputusanInvestasi, Growth

Lampiran 17. Koefisien Jalur untuk Persamaan Sub Struktural I

Coefficients^a

Model Unstandardiz

ed Coefficients

Standardiz ed Coefficient

s

t Sig .

Correlations Collinearity Statistics

B Std.

Error

Beta Zer

o- ord

er Parti

al Par

t

Toleran ce

VIF

1

(Constant) 2.078 .743 2.79

8 .00

0 KeputusanInvesta

si

.296 .136 -.057 - .181

.53 3

.204 .251 .24 5

.915 1.09 3 KeputusanPendan

aan

1.070 .778 -.081 - .375

.67 4

.075 .161 .15 5

.728 1.37 4 a. Dependent Variable: Growth

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Lampiran 18. Koefisien Jalur untuk Persamaan Sub Struktural II

Coefficients^a

Coefficients

Error

Beta Zero-

order

1

(Constant) 2.078 .743 2.798 .000

KeputusanInvestasi .296 .136 .257 2.181 .004 .204 .251 .245 .915 1.093 KeputusanPendanaan 1.070 .778 .181 1.375 .000 .075 .161 .155 .728 1.374

Growth -.373 .176 .289 -

2.127

.637 -.120 -.245 - .239

.686 1.457