Pengaruh Profitabilitas, Financial Leverage, dan Dividend Payout Ratio terhadap Perilaku Perataan Laba pada Perusahaan Otomotif yang Terdaftar di Bursa Efek Indoesia

(1)

Lampiran I

Daftar Populasi dan Perusahaan Sampel

No

Perusahaan

Kriteria

Sampel

1

2

3

1

Polychem Indonesia (formerly GT Petrochem Industries) Tbk

√

1

2 Astra International Tbk

√

2

3 Astra Otoparts Tbk

√

3

4 Indo Kordsa (formerly Branta Mulia) Tbk

√

4

5 Goodyear Indonesia Tbk

√

5

6 Gajah Tunggal Tbk

√

6

7 Hexindo Adiperkasa Tbk

√

7

8 Indomobil Sukses Internasional Tbk

√

8

9 Indospring Tbk

√

9

10 Intraco Penta Tbk

√

10

11

Multi Prima Sejahtera Tbk (formerly Lippo Enterprise)

√

11

12 Multistrada Arah Sarana Tbk

√

12

13 Nipress Tbk

√

13

14 Prima Alloy Steel Tbk

√

14

15

Allbond Makmur Usaha (formerly Sanex Qianjiang

Motor International) Tbk

√

X

√

-

16 Selamat Sempurna Tbk

√

15

17 Sugi Samapersada Tbk

√

X

-

18 Tunas Ridean Tbk

√

16

(2)

58

Lampiran II

Data Laba Bersih dan Total Asset Perusahaan yang Diamati Tahun 2005-2010

(dalam rupiah)

No

Kode

Emiten

2005

2006

2007

Laba Bersih

sebelum Pajak

Total Asset

Laba Bersih

sebelum Pajak

Total Asset

Laba Bersih

sebelum Pajak

Total Asset

1

ADMG _{41,936,548,000} _{4,431,915,116,000} _{-266,963,936,000} _{3,987,067,222} _57,976,636 _{4,161,340,040}

2

ASII 5,457,285,000,000 46,985,862,000,000 3,712,097,000,000 57,929,290,000,000 6,519,273,000,000 63,519,598,000,000

3

AUTO 279,027,000,000 3,028,465,000,000 282,058,000,000 3,028,160,000,000 454,907,000,000 3,454,254,000,000

4

BRAM 119,495,991,000 1,709,355,091,000 18,313,909,000 1,528,904,206,000 39,148,712,000 1,554,863,136,000

5

GDYR -7,249,294,000 452,102,650,000 25,396,749,000 454,850,967,000 42,399,174,000 579,661,339,000

6

GJTL 346,835,000,000 7,479,373,000,000 118,401,000,000 7,276,025,000,000 90,841,000,000 8,454,693,000,000

7

HEXA 97,771,090,333 1,069,514,138,765 39,428,000,000 1,204,104,000,000 49,522,000,000 1,383,840,000,000

8

IMAS 38,358,377,183 4,275,870,730,082 1,247,961,945 4,418,691,931,106 1,382,852,849 4,907,499,956,145

9

INDS -5,836,886,305 459,703,456,907 2,171,591,250 490,604,325,073 9,887,928,336 599,273,413,629

10

INTA 17,997,762,600 869,207,667,998 7,065,909,337 831,846,049,822 9,513,887,731 863,817,636,457

11

LPIN -11,304,994,481 117,058,911,777 -939,128,143 108,745,776,153 18,034,504,389 139,252,657,007

12

MASA 59,719,910,483 1,038,290,507,039 170,006,652,739 1,433,688,362,871 29,204,495,783 1,799,172,358,609

13

NIPS 3,069,003,450 190,224,877,780 7,650,174,389 220,228,504,723 6,393,947,393 288,147,591,200

14

PRAS 4,600,058,545 561,115,028,226 -2,761,453,528 593,160,244,451 2,773,564,587 542,959,754,143

15

SMSM _{60,135,250,713} _{663,138,307,944} _{66,174,829,417} _{716,685,940,960} _{80,324,965,210} _{830,049,538,892}

16

TURI 29,200,000,000 3,011,600,000,000 22,211,000,000 2,857,847,000,000 189,816,000,000 3,345,245,000,000

17

UNTR 1,050,729,000,000 10,633,839,000,000 930,372,000,000 11,247,846,000,000 1,493,037,000,000 13,002,619,000,000

(3)

Data Laba Bersih dan Total Asset Perusahaan yang Diamati Tahun 2005-2010

(lanjutan)

(dalam rupiah)

No Kode

Emiten

2008 2009 2010

Laba Bersih

sebelum Pajak Total Asset

Laba Bersih

(4)

60

Lampiran III

Data Total Kewajiban dan Total Ekuitas Perusahaan yang Diamati Tahun 2005-2010

(dalam rupiah)

No Kode

Emiten

2005 2006 2007

Total Kewajiban Total Ekuitas Total Kewajiban Total Ekuitas Total Kewajiban Total Ekuitas

1 ADMG _{2,924,141,045,000} _{1,506,447,972,000} _{2,734,523,719,000} _{1,251,220,303,000} _{2,841,379,532} _{1,319,130,871} 2 ASII 22,754,709,000,000 20,424,345,000,000 31,498,444,000,000 22,375,766,000,000 31,511,736,000,000 26,962,594,000,000 3 AUTO 1,160,179,000,000 1,636,389,000,000 1,066,929,000,000 1,864,461,000,000 1,094,734,000,000 2,261,414,000,000 4 BRAM 712,179,302,000 822,095,206,000 507,214,761,000 1,528,904,206,000 462,352,034,000 894,005,659,000 5 GDYR 182,810,564,000 269,292,086,000 173,617,886,000 281,233,081,000 280,137,084,000 299,524,255,000 6 GJTL 5,449,447,000,000 2,029,926,000,000 5,140,783,000,000 2,135,242,000,000 6,068,879,000,000 2,385,814,000,000 7 HEXA 635,091,677,440 344,760,896,151 858,555,000,000 345,549,000,000 1,003,049,000,000 380,791,000,000 8 IMAS 3,863,772,427,132 197,573,228,137 4,018,951,679,342 192,314,668,938 4,505,911,554,456 166,643,158,780 9 INDS 392,919,730,146 66,663,222,985 421,649,007,062 68,834,814,236 520,430,167,282 78,722,742,572 10 INTA 558,569,763,408 310,637,904,590 521,270,332,476 310,575,717,346 543,728,031,380 320,089,605,077 11 LPIN 54,672,528,274 62,386,383,503 47,298,520,793 61,447,255,360 61,412,812,511 77,839,844,496 12 MASA 527,018,515,395 556,271,991,644 712,066,090,788 721,622,272,083 511,230,617,593 1,287,941,741,016 13 NIPS 106,857,680,011 83,367,197,768 131,294,305,664 88,934,199,059 192,819,444,747 95,328,146,453 14 PRAS 431,560,624,263 129,554,403,963 466,367,294,016 126,792,950,435 413,393,239,121 129,566,515,022 15 SMSM 226,164,074,590 370,521,785,104 238,605,678,305 451,061,900,565 315,575,744,877 482,203,832,914 16 TURI 2,333,400,000,000 678,100,000,000 2,183,994,000,000 673,853,000,000 2,488,969,000,000 856,276,000,000 17 UNTR 6,485,918,000,000 4,105,713,000,000 6,606,651,000,000 4,594,437,000,000 7,216,432,000,000 5,733,335,000,000

(5)

Data Total Kewajiban dan Total Ekuitas Perusahaan yang Diamati Tahun 2005-2010

(lanjutan)

(dalam rupiah)

No Kode

Emiten

2008 2009 2010

Total Kewajiban Total Ekuitas Total Kewajiban Total Ekuitas Total Kewajiban Total Ekuitas

(6)

62

Lampiran IV

Data Jumlah Dividen yang Dibagikan Perusahaan yang Diamati Tahun 2005-2010

(dalam rupiah)

No Kode

Emiten 2005 2006 2007 2008 2009 2010

1 ADMG _130,348,000 ₀ ₀ ₀ ₀ ₀

2 ASII 1,497,891,000,000 1,983,694,000,000 1,821,760,000,000 3,973,000,000,000 4,281,000,000,000 6,394,000,000,000 3 AUTO 46,269,000,000 88,683,000,000 69,404,000,000 251,205,000,000 235,866,000,000 506,130,000,000 4 BRAM 16,326,164,000 25,360,970,000 13,804,220,000 24,875,536,000 56,082,292,000 56,150,646,000 5 GDYR 9,040,283,000 20,059,933,000 24,071,672,000 3,608,000,000 2,460,000,000 9,870,750,000 6 GJTL 1,577,000,000 15,781,000,000 13,210,000,000 17,332,000,000 52,272,000,000 59,097,000,000 7 HEXA 36,120,000,000 38,640,000,000 14,280,000,000 17,640,000,000 111,475,810,000 121,800,000,000 8 IMAS 9,822,517,647 858,000,000 7,262,050,000 9,012,000,000 23,390,350,000 0 9 INDS 887,140,282 8,147,781 0 1,852,253,751 1,818,525,374 9,062,695,469

10 INTA 2,598,489,000 7,128,096,581 0 0 3,859,836,480 7,125,714,674

11 LPIN 26,003,625 0 26,003,625 26,003,625 0 0

12 MASA 0 3,000,000,000 6,118,875,000 6,119,000,000 0 6,122,000,000

13 NIPS 0 0 0 0 0 0

14 PRAS 59,068,030 0 0 0 0 0

15 SMSM 32,466,720,000 29,842,033,920 53,313,410,100 28,793,377,200 185,808,607,500 129,570,197,400 16 TURI 47,400,000,000 26,505,000,000 7,393,000,000 234,360,000,000 100,440,000,000 50,220,000,000 17 UNTR 99,772,000,000 441,999,000,000 413,200,000,000 760,456,000,000 1,165,300,000,000 1,629,228,000,000

(7)

Lampiran V

Data Total Penjualan (Sales) Perusahaan yang Diamati Tahun 2005-2010

(dalam rupiah)

No Kode

Emiten 2005 2006 2007 2008 2009 2010

(8)

64

Lampiran VI

Data Rata-Rata per Dua Tahun Return On Asset (ROA) Perusahaan yang

Diamati Tahun 2005-2010

N

o

Kode

Emiten

2005-2006

2006-2007

2007-2008

2008-2009

2009-2010

1 ADMG

-33,474

-33,4718

-0,02719

-0,02692

0,012223

2 ASII

0,090114

0,083357

0,108234

0,113361

0,120091

3 AUTO

0,09264

0,11242

0,136933

0,153784

0,184848

4 BRAM

0,040943

0,018578

0,040918

0,055042

0,071651

5 GDYR

0,0199

0,06449

0,03697

0,054088

0,08273

6 GJTL

0,031322

0,013509

-0,03048

0,015141

0,091035

7 HEXA

0,062081

0,034265

0,034958

0,095262

0,143598

8 IMAS

0,004627

0,000282

0,002207

0,01361

0,039639

9 INDS

-0,00414

0,010463

0,025581

0,064636

0,093443

10 INTA

0,0146

0,009754

0,015595

0,028112

0,043433

11 LPIN

-0,05261

0,060437

0,077773

0,050039

0,083802

12 MASA

0,088049

0,067406

0,008741

0,0351

0,063451

13 NIPS

0,025435

0,028464

0,013481

0,008245

0,024613

14 PRAS

0,001771

0,000226

-0,01078

-0,05638

-0,04304

15 SMSM

0,091509

0,094553

0,097577

0,119733

0,141022

16 TURI

0,008734

0,032257

0,062568

0,121843

0,15169

17 UNTR

0,090763

0,098771

0,115641

0,136441

0,172765

(9)

Lampiran VII

Data Rata-Rata per Dua Tahun Debt to Equity Ratio (DER) Perusahaan yang

Diamati Tahun 2005-2010

N

o

Kode

Emiten

2005-2006

2006-2007

2007-2008

2008-2009

2009-2010

(10)

66

Lampiran VIII

Data Rata-Rata per Dua Tahun Dividend Payout Ratio (DPR) Perusahaan

yang Diamati Tahun 2005-2010

(11)

Lampiran IX

Data Rata-Rata per Dua Tahun Perataan Laba (Income Smoothing)

Perusahaan

yang Diamati Tahun 2005-2010

(12)

68

Lampiran X

Hasil Olah Data Variabel dengan Metode Ordinary Least Square (OLS)

Dependent Variable: IS? Method: Pooled Least Squares Date: 07/27/13 Time: 05:04 Sample: 2005 2010

Included observations: 5 Cross-sections included: 17

Total pool (balanced) observations: 85

Variable Coefficient Std. Error t-Statistic Prob.

C 25.70263 22.44893 1.144938 0.2556 ROA? 1.503888 3.479141 0.432258 0.6667 DER? 0.360453 4.650980 0.077500 0.9384 DPR? -6.221758 33.38310 -0.186374 0.8526

R-squared 0.002547 Mean dependent var 23.13924 Adjusted R-squared -0.034395 S.D. dependent var 159.3588 S.E. of regression 162.0762 Akaike info criterion 13.05993 Sum squared resid 2127764. Schwarz criterion 13.17487 Log likelihood -551.0468 Hannan-Quinn criter. 13.10616 F-statistic 0.068952 Durbin-Watson stat 2.488014 Prob(F-statistic) 0.976310

(13)

Lampiran XI

Hasil Olah Data Variabel dengan Metode Fixed Effect Model (FEM)

C 12.01175 35.70891 0.336380 0.7377

Cross-section fixed (dummy variables)

R-squared 0.195669 Mean dependent var 23.13924

Adjusted R-squared -0.039443 S.D. dependent var 159.3588

S.E. of regression 162.4711 Akaike info criterion 13.22120

Sum squared resid 1715796. Schwarz criterion 13.79594

Log likelihood -541.9011 Hannan-Quinn criter. 13.45238

F-statistic 0.832239 Durbin-Watson stat 3.067194

(14)

70

Lampiran XII

Hasil Olah Data Variabel dengan Metode White Cross Section (WCS)

White cross-section standard errors & covariance (d.f. corrected)

C 12.01175 11.72379 1.024562 0.3094

Prob(F-statistic) 0.662179

(15)

Lampiran XIII

Hasil Olah Data Variabel dengan Metode Random Effect Model (REM)

Dependent Variable: IS?

Method: Pooled EGLS (Cross-section random effects) Date: 07/27/13 Time: 11:23

Sample: 2005 2010 Included observations: 5 Cross-sections included: 17

Swamy and Arora estimator of component variances

C 25.19282 20.59040 1.223523 0.2247

Cross-section random 25.62304 0.0243

Idiosyncratic random 162.4711 0.9757

Weighted Statistics

S.E. of regression 160.3712 Sum squared resid 2083232.

Unweighted Statistics

(16)

72

Lampiran XIV

Hasil Olah Data Variabel dengan Metode Hausman Test

Correlated Random Effects - Hausman Test Pool: POOL1

Test cross-section random effects

Test Summary Chi-Sq. Statistic Chi-Sq. d.f. Prob.

Cross-section random 0.000000 3 1.0000

* Cross-section test variance is invalid. Hausman statistic set to zero. ** Warning: robust standard errors may not be consistent with assumptions of Hausman test variance calculation.

Cross-section random effects test comparisons:

Variable Fixed Random Var(Diff.) Prob.

ROA? -0.537465 1.352016 0.336127 0.0011

DER? 4.258391 0.383460 19.349331 0.3784

DPR? -2.161678 -5.365392 1.405244 0.0069

Cross-section random effects test equation: Dependent Variable: IS?

Method: Panel Least Squares Date: 07/29/13 Time: 13:20 Sample: 2006 2010 Included observations: 5 Cross-sections included: 17

Coefficient Std. Error t-Statistic Prob.

C 12.01175 11.72379 1.024562 0.3094

ROA? -0.537465 0.830300 -0.647315 0.5197

DER? 4.258391 4.520158 0.942089 0.3496

DPR? -2.161678 8.833183 -0.244722 0.8074

Effects Specification