Analisis Pengaruh Ukuran Perusahaan, Likuiditas, dan Leverage terhadap Mandatory Disclosure pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

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119 Kertas Basuki Rachmat Indonesia Tbk

√ - -

120 Citra Tubindo Tbk √ √ √ 28

121 Intan Wijaya International Tbk √ - -

122 Sorini Agro Asia Corporindo Tbk

√ √ -

123 Titan Kimia Nusantara Tbk √ - -

124 Aqua Golden Missippi Tbk - √ -

125 Kedawung Indah Scan Tbk √ √ -

126 Langgeng Makmur Industri Tbk √ √ -

127 Tempo Scan Pasific Tbk √ √ √ 29

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Lampiran B

Sampel Penelitian

No _{Nama Perusahaan} _Kode

1 PT. Astra Agro Lestari Tbk AALI 2 PT. Tiga Pilar Sejahtera Food Tbk AISA

3 PT. AKR Corporindo Tbk AKRA

4 PT. Alumindo Light Metal Industry Tbk ALMI 5 PT. Aneka Tambang (Persero) Tbk ANTM 6 PT. Astra International Tbk ASII

7 PT. Astra Otopart AUTO

8 PT. Bisi Internasional Tbk BISI

9 PT. Indo Kordsa Tbk BRAM

10 PT. BW Plantation Tbk BWPT

11 PT. Budi Acid Jaya Tbk BUDI

12 PT. Charoen Pokphand Indonesia Tbk CPIN

13 PT. Gudang Garam Tbk GGRM

14 PT. HM Sampoerna Tbk HMSP

15 PT. Indofood Sukses Makmur Tbk INDF 16 PT. Indorama Syntheties Tbk INDR 17 PT. Indocement Tunggal Prakarsa Tbk INTP 18 PT. Kimia Farma (Persero) Tbk KAEF

19 PT. Kalbe Farma Tbk KLBF

20 PT. Multi Starada Arah Sarana Tbk MASA

21 PT. Mayora Indah Tbk MYOR

22 PT. Citra Marga Nusaphala Persada Tbk CMNP 23 PT. Alam sutera Realty Tbk ASRI 24 PT. Holcim Indonesia Tbk SMCB 25 PT. Semen Gresik (persero) Tbk SMGR 26 PT. Unggul Indah Cahaya Tbk UNIC

27 PT. Trias Sentosa Tbk TRST

28 PT. Citra Tubindo Tbk CTBN

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8). Obligasi konversi

3. Pengaruh kumulatif dari perubahan kebijakan akuntansi dan koreksi atas kesalahan mendasar

4. Transaksi modal dengan pemilik dan distribusi kepada pemilik, antara lain berupa penyetoran modal saham dan pembagian deviden

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2. Arus kas dari aktivitas investasi 3. Arus kas dari pendanaan

E. Catatan atas Laporan Keuangan

1. Gambaran umum perusahaaan 2. Penawaran umum efek perusahaan 3. Karyawan direksi dan dewan komisaris 4. Ikhtisar kebijakan akuntansi

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Lampiran D

Hasil Olahan Data Ukuran Perusahaan ( Ln Total Asset)

No _{Nama Perusahaan} _Kode Ln Total Assets

2008 2009 2010

1 PT. Astra Agro Lestari Tbk AALI 29.51 29.66 29.80 2 PT. Tiga Pilar Sejahtera Food Tbk AISA 27.65 27.93 28.29 3 PT. AKR Corporindo Tbk AKRA 29.22 29.43 29.67 4 PT. Alumindo Light Metal Industry

Tbk ALMI 28.12 28.02 28.04

5 PT. Aneka Tambang (Persero) Tbk ANTM 29.96 29.93 30.14 6 PT. Astra International Tbk ASII 32.02 32.12 32.36

7 PT. Astra Otopart AUTO 29.01 29.17 29.35

8 PT. Bisi Internasional Tbk BISI 28.14 27.98 27.94 9 PT. Indo Kordsa Tbk BRAM 28.15 27.93 28.03 10 PT. BW Plantation Tbk BWPT 28.12 28.61 28.91 11 PT. Budi Acid Jaya Tbk BUDI 28.16 28.10 28.31 12 PT. Charoen Pokphand Indonesia Tbk CPIN 29.27 29.31 29.51 13 PT. Gudang Garam Tbk GGRM 30.81 30.94 31.06 14 PT. HM Sampoerna Tbk HMSP 30.41 30.51 30.65 15 PT. Indofood Sukses Makmur Tbk INDF 31.31 31.33 31.49 16 PT. Indorama Syntheties Tbk INDR 29.53 29.27 29.26 17 PT. Indocement Tunggal Prakarsa Tbk INTP 30.05 30.22 30.36 18 PT. Kimia Farma (Persero) Tbk KAEF 27.80 28.08 28.14 19 PT. Kalbe Farma Tbk KLBF 29.37 29.50 29.58 20 PT. Multi Starada Arah Sarana Tbk MASA 28.48 28.56 28.74 21 PT. Mayora Indah Tbk MYOR 28.70 28.81 29.11 22 PT. Citra Marga Nusaphala Persada

Tbk CMNP 28.65 28.66 28.69

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Lampiran E

Hasil Olahan Data Likuiditas (dalam %)

No _{Nama Perusahaan} _Kode Likuiditas

2008 2009 2010

Tbk ALMI 74.11 96.94 86.48

5 PT. Aneka Tambang (Persero) Tbk ANTM 801.65 727.31 381.77 6 PT. Astra International Tbk ASII 132.17 136.88 126.18 7 PT. Astra Otopart AUTO 213.34 217.39 175.73 8 PT. Bisi Internasional Tbk BISI 207.44 327.44 846.30 9 PT. Indo Kordsa Tbk BRAM 219.28 343.74 401.76 10 PT. BW Plantation Tbk BWPT 31.17 118.57 127.45 11 PT. Budi Acid Jaya Tbk BUDI 104.75 104.35 102.93 12 PT. Charoen Pokphand Indonesia Tbk CPIN 130.64 181.75 292.51 13 PT. Gudang Garam Tbk GGRM 221,74 245.99 270.08 14 PT. HM Sampoerna Tbk HMSP 144.43 188.06 161.25 15 PT. Indofood Sukses Makmur Tbk INDF 89.77 116.09 203.65 16 PT. Indorama Syntheties Tbk INDR 105.33 111.81 108.81 17 PT. Indocement Tunggal Prakarsa Tbk INTP 178.57 300.55 555.37 18 PT. Kimia Farma (Persero) Tbk KAEF 211.32 199.84 242.55 19 PT. Kalbe Farma Tbk KLBF 333.35 298.70 439.36 20 PT. Multi Starada Arah Sarana Tbk MASA 89.37 85.92 67.04 21 PT. Mayora Indah Tbk MYOR 218.87 229.04 258.08 22 PT. Citra Marga Nusaphala Persada

Tbk CMNP 7.99 92.40 304.53

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Lampiran F

Hasil Olahan Data Leverage (dalam %)

No _{Nama Perusahaan} _Kode Leverage

2008 2009 2010

Tbk ALMI 73.37 68.81 66.37

8 PT. Bisi Internasional Tbk BISI 41.31 24.59 10.86 9 PT. Indo Kordsa Tbk BRAM 28.71 16.66 19.02 10 PT. BW Plantation Tbk BWPT 44.21 57.48 60.27 11 PT. Budi Acid Jaya Tbk BUDI 61.85 51.05 59.24 12 PT. Charoen Pokphand Indonesia Tbk CPIN 74.23 44.82 31.24 13 PT. Gudang Garam Tbk GGRM 35.53 32.49 30.65 14 PT. HM Sampoerna Tbk HMSP 50.10 32.49 30.65 15 PT. Indofood Sukses Makmur Tbk INDF 66.77 61.63 47.43 16 PT. Indorama Syntheties Tbk INDR 59.99 53.17 48.99 17 PT. Indocement Tunggal Prakarsa Tbk INTP 24.49 19.37 14.63 18 PT. Kimia Farma (Persero) Tbk KAEF 34.44 36.30 32.78 19 PT. Kalbe Farma Tbk KLBF 23.83 26.09 17.91 20 PT. Multi Starada Arah Sarana Tbk MASA 45.99 42.44 46.38 21 PT. Mayora Indah Tbk MYOR 56.34 50.01 53.62 22 PT. Citra Marga Nusaphala Persada

Tbk CMNP 47.24 45.09 36.97

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Lampiran G

Tingkat Pengungkapan Laporan Keuangan Perusahaan Manufaktur 2008

No Komponen Laporan Keuangan Nomor Urut Perusahaan T

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

1 Neraca Aktiva Lancar :

Kas dan Setara Kas 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30

Investasi Jangka Pendek 0 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 1 1 0 0 1 0 11

Wesel Tagih 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 7

Piutang Usaha 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30

Piutang Lain-lain 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30

Persediaan 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 28

Pajak Dibayar Di Muka 1 1 1 1 1 1 1 1 1 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 1 1 1 25

Biaya Dibayar Di Muka 1 1 1 1 1 1 1 1 1 0 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 27

Aktiva Lancar Lain-lain 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 1 0 1 1 0 0 0 0 1 1 1 0 1 0 12

Aktiva Tidak Lancar :

Piutang Hubungan Istimewa 0 0 1 1 1 0 1 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 1 1 0 1 1 1 23

Aktiva Pajak Tangguhan 1 1 1 1 1 1 1 1 1 0 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 27

Investasi pada perusahaan asosiasi 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 5

Investasi Jangka Panjang Lain 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 7

Aktiva Tetap 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30

Aktiva Tidak Berwujud 0 0 1 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 1 1 0 1 0 1 13

Aktiva Lain-lain 1 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 1 1 1 1 1 1 0 1 1 1 1 1 0 1 21

Kewajiban :

Kewajiban Lancar :

Pinjaman Jangka Pendek 1 0 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 27

Wesel Bayar 0 1 0 1 0 0 1 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 9

Hutang Usaha 1 1 0 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 0 0 1 0 1 0 23

Hutan Pajak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30

Beban Masih Harus Dibayar 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 29

Bagian kewajiban jangka panjang yang akan jatuh tempo dalam waktu satu tahun

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5 Catatan Atas Laporan Keuangan

Gambaran Umum Perusahaan 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 29

Penawaran Umum Efek

Perusahaan 1 1 0 0 1 1 0 0 0 1 1 0 1 1 0 1 0 1 1 0 1 0 0 1 0 0 1 1 0 1 16 Karyawan Direksi dan Dewan

Komisaris 1 1 0 1 1 1 1 1 1 1 1 0 1 1 1 1 0 1 1 1 1 1 1 1 0 1 0 1 1 1 25 Ikhtisar Kebiakan Akuntansi 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 0 1 1 1 27

Pengungkapan atas pos-pos laporan keuangan dan pengungkapan lainnya

1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 29

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Lampiran H

1 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Wesel Tagih 0 7 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 7

Piutang Usaha 1 30 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30

Persediaan 0 28 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 28

Aktiva Tetap 1 30 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30

Aktiva Lain-lain 1 21 1 0 1 1 1 0 0 1 0 1 0 1 0 1 1 1 1 1 1 1 0 1 1 1 1 1 0 1 21

Kewajiban :

Kewajiban Lancar :

Wesel Bayar 0 9 0 1 0 0 1 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 9

Hutang Usaha 1 23 0 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 0 0 1 0 1 0 23

Hutan Pajak 1 30 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30

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Penawaran Umum Efek

1 29 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 29

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Lampiran I

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Wesel Tagih 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 7

Piutang Usaha 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30

Persediaan 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 28

Aktiva Tetap 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30

Aktiva Lain-lain 1 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 1 1 1 1 1 1 0 1 1 1 1 1 0 1 21

Kewajiban :

Kewajiban Lancar :

Wesel Bayar 0 1 0 1 0 0 1 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 9

Hutang Usaha 1 1 0 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 0 0 1 0 1 0 23

Hutan Pajak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 30

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Penawaran Umum Efek

1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 29

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Lampiran J

Tingkat Pengungkapan Wajib Laporan Keuangan

No _{Nama Perusahaan} _Kode Indeks Pengungkapan

2008 2009 2010

Tbk ALMI 0.74 0.74 0.74

8 PT. Bisi Internasional Tbk BISI 0.72 0.72 0.72

9 PT. Indo Kordsa Tbk BRAM 0.57 0.59 0.59

10 PT. BW Plantation Tbk BWPT 0.71 0.71 0.71 11 PT. Budi Acid Jaya Tbk BUDI 0.66 0.66 0.66 12 PT. Charoen Pokphand Indonesia Tbk CPIN 0.69 0.69 0.69

13 PT. Gudang Garam Tbk GGRM 0.60 0.60 0.60

14 PT. HM Sampoerna Tbk HMSP 0.59 0.59 0.59

15 PT. Indofood Sukses Makmur Tbk INDF 0.56 0.56 0.56 16 PT. Indorama Syntheties Tbk INDR 0.76 0.82 0.82 17 PT. Indocement Tunggal Prakarsa Tbk INTP 0.68 0.69 0.69 18 PT. Kimia Farma (Persero) Tbk KAEF 0.62 0.62 0.62

19 PT. Kalbe Farma Tbk KLBF 0.78 0.78 0.78

20 PT. Multi Starada Arah Sarana Tbk MASA 0.72 0.72 0.72

21 PT. Mayora Indah Tbk MYOR 0.59 0.59 0.59

22 PT. Citra Marga Nusaphala Persada

Tbk CMNP 0.60 0.60 0.60

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Lampiran O

Hasil Pengolahan SPSS

Statistik Deskriptif

Hasil Uji Normalitas (Sebelum Transformasi Data ke Logaritma Natural)

Descriptive Statistics

N Minimum Maximum Mean Std. Deviation

Ukuran Perusahaan 90 27.65 32.36 29.2420 1.06468

Likuiditas 90 7.99 846.30 206.9397 147.89732

Leverage 90 10.86 74.23 42.0092 16.48650

Mandatory Disclosure 90 .56 .82 .6656 .07168

Valid N (listwise) 90

One-Sample Kolmogorov-Smirnov Test

Unstandardized

Residual

N 90

Normal Parametersa,,b Mean .0000000

Std. Deviation .07091148

Most Extreme Differences Absolute .169

Positive .169

Negative -.123

Kolmogorov-Smirnov Z 1.600

Asymp. Sig. (2-tailed) .012

a. Test distribution is Normal.

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Hasil Uji Normalitas (Setelah Transformasi Data ke Logaritma Natural)

Histogram

One-Sample Kolmogorov-Smirnov Test

Unstandardized

Residual

N 90

Normal Parametersa,,b Mean -.4128330

Std. Deviation .01621538

Most Extreme Differences Absolute .091

Positive .049

Negative -.091

Kolmogorov-Smirnov Z .860

Asymp. Sig. (2-tailed) .451

a. Test distribution is Normal.

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Grafik Normal P-Plot

Hasil Uji Multikolinearitas

Coefficientsa

Model

Unstandardized

Coefficients

Standardized

Coefficients

t Sig.

Collinearity Statistics

B Std. Error Beta Tolerance VIF

1 (Constant) 1.043 1.106 .943 .348

LN_SIZE -.381 .322 -.128 -1.185 .239 .978 1.022

LN_LIKUIDI

TAS

-.013 .024 -.077 -.518 .606 .508 1.967

LN_LEVER

AGE

-.029 .035 -.122 -.817 .416 .511 1.958

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Hasil Uji Heteroskedastisitas

Hasil Uji Autokorelasi

Model Summaryb

Model R R Square

Adjusted R

Square

Std. Error of the

Estimate Durbin-Watson

1 .151a .023 -.011 .10783 1.885

a. Predictors: (Constant), LN_LEVERAGE, LN_SIZE, LN_LIKUIDITAS

b. Dependent Variable: LN_MANDATORY

Hasil Uji Hipotesis (Uji T)

Coefficientsa

Model

Unstandardized

Coefficients

Standardized

Coefficients

t Sig.

B Std. Error Beta

1 (Constant) 1.043 1.106 .943 .348

LN_SIZE -.381 .322 -.128 -1.185 .239

LN_LIKUIDITAS -.013 .024 -.077 -.518 .606

LN_LEVERAGE -.029 .035 -.122 -.817 .416

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Hasil Uji F

ANOVAb

Model Sum of Squares df Mean Square F Sig.

1 Regression .023 3 .008 .671 .572a

Residual 1.000 86 .012

Total 1.023 89

a. Predictors: (Constant), LN_LEVERAGE, LN_SIZE, LN_LIKUIDITAS