Pengaruh Struktur Kepemilikan, Return on Asset, dan Leverage Terhadap Kebijakan Dividen

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66

LAMPIRAN 1

Data Persentase Kepemilikan Manajerial, Kepemilikan Institusional,

Return on Asset, dan Debt to Equity Ratio Beberapa Perusahaan

Manufaktur yang Terdaftar di Bursa Efek Indonesia

Tahun 2012

Tahun

Kode

MANAJERIAL INSTITUSIONAL

ROA

DER

DPR

2012

SKLT

0.001

0.961

0.046

0.929

0.121

ULTJ.

0.180

0.466

0.146

0.444

0.082

KAEF

0.001

1.000

0.099

0.440

0.082

TSPC

0.001

0.772

0.139

0.382

0.536

GGRM

0.009

0.755

10.202

0.560

0.479

WIIM

0.475

0.225

0.064

0.839

0.670

TCID

0.052

0.738

0.119

0.150

0.495

BRNA

0.143

0.514

0.079

1.552

1.250

TRST

0.019

0.484

0.051

1.000

0.909

DPNS

0.059

0.665

0.131

0.186

0.156

UNIC

0.002

0.762

0.007

0.777

1.193

ALMI

0.016

0.838

0.007

2.201

1.104

LION

0.002

0.577

0.197

0.166

0.183

LMSH

0.256

0.322

0.321

0.318

0.002

ASII

0.001

0.501

0.125

0.103

0.140

AUTO

0.001

0.957

0.128

0.619

0.385

GJTL

0.001

0.598

0.084

1.349

0.031

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67

LAMPIRAN 2

Tahun 2013

Tahun

Kode

MANAJERIAL INSTITUSIONAL ROA

DER

DPR

2013

SKLT

0.001

0.961

0.038

1.162

0.181

ULTJ.

0.178

0.466

0.116

0.395

0.107

KAEF

0.001

1.000

0.087

0.522

0.052

TSPC

0.001

0.773

0.125

0.400

0.532

GGRM

0.009

0.755

0.086

0.726

0.356

WIIM

0.475

0.225

0.108

0.573

0.064

TCID

0.052

0.738

0.110

0.239

0.465

BRNA

0.143

0.514

0.019

2.678

1.643

TRST

0.015

0.597

0.118

0.907

0.833

DPNS

0.058

0.664

0.265

0.147

0.086

UNIC

0.001

0.790

0.038

0.852

0.176

ALMI

0.016

0.760

0.009

3.187

0.236

LION

0.002

0.577

0.130

0.199

0.321

LMSH

0.256

0.322

0.102

0.283

0.010

ASII

0.001

0.501

0.104

1.015

0.450

AUTO

0.001

0.800

0.080

0.325

0.105

GJTL

0.001

1.196

0.008

1.682

0.771

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68

LAMPIRAN 3

Tahun 2014

Tahun

Kode

MANAJERIAL INSTITUSIONAL

ROA

DER

DPR

2014

SKLT

0.001

0.961

0.050

1.162

0.168

ULTJ.

0.179

0.466

0.097

0.288

0.173

KAEF

0.001

1.000

0.080

0.639

0.095

TSPC

0.001

0.775

0.108

0.353

0.581

GGRM

0.009

0.755

0.093

0.752

0.287

WIIM

0.475

0.225

0.084

0.560

0.356

TCID

0.052

0.738

0.094

0.444

0.427

BRNA

0.117

0.514

0.045

2.641

0.649

TRST

0.012

0.597

0.020

0.851

0.455

DPNS

0.057

0.596

0.057

0.139

0.429

UNIC

0.001

0.790

0.011

0.645

1.277

ALMI

0.016

0.821

0.001

4.011

6.329

LION

0.002

0.577

0.082

0.352

0.425

LMSH

0.252

0.322

0.053

0.207

0.026

ASII

0.001

0.501

0.094

0.962

0.135

AUTO

0.001

0.800

0.067

0.419

0.133

GJTL

0.002

0.596

0.017

1.681

0.130

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69

LAMPIRAN 4

Daftar Populasi-Sampel Perusahaan Manufaktur Yang Terdaftar

di Bursa Efek Indonesia Selama Periode 2012-2014

No Kode

Perusahaan Nama Perusahaan

Kriteria Sampel

LK _SK _ROA _DER _Deviden

1 INTP

PT. Indocement Tunggal

Prakasa Tbk √ - √ √ √

2 SMBR

PT. Semen Baturaja Persero

Tbk √ - √ √ √

3 SMCB PT. Holcim Indonesia Tbk √ - √ √ √

4 SMGR PT. Semen Gresik Tbk √ - √ √ √

5 WTON PT. Wijaya Karya Beton Tbk √ - √ √ √ 6 AMFG PT. Asahimas Flat Glass Tbk √ - √ √ √ 7 ARNA PT. Arwana Citra Mulia Tbk √ - √ √ √ 8 IKAI

PT. Inti Keramik Alam Asri

Industri Tbk √ √ √ √ -

9 KIAS

PT. Keramika Indonesia

Assosiasi Tbk √ - √ √ √

10 MLIA PT. Mulia Industrindo Tbk √ √ √ √ 11 TOTO PT. Surya Toto Indonesia Tbk √ - √ √ √ 12 ALKA PT. Alaska Industrindo Tbk √ √ √ √ - 13 ALMI

PT. Alumindo Light Metal

Industry Tbk √ √ √ √ √ Sampel 1

14 BTON

PT. Beton Jaya Manunggal

Tbk √ - √ √ √

15 CTBN PT. Citra Turbindo Tbk - - - 16 GDST

PT. Gunawan Dianjaya Steel

Tbk √ √ √ √ -

17 INAI

PT. Indal Aluminium Industry

Tbk √ √ √ √

18 ISSP

PT. Steel Pipe Industry of

Indonesia Tbk - - - 19 ITMA PT. Itamaraya Tbk - - - 20 JKSW

PT. Jakarta Kyoei Steel Work

LTD Tbk √ - √ √ -

21 JPRS PT. Jaya Pari Steel Tbk √ √ √ √ - 22 KRAS PT. Krakatau Steel Tbk √ √ √ √ - 23 LION PT. Lion Metal Works Tbk √ √ √ √ √ Sampel 2 24 LMSH PT. Lionmesh Prima Tbk √ √ √ √ √ Sampel 3 25 MYRX PT. Hanson International Tbk - - - 26 NIKL

PT. Pelat Timah Nusantara

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70

27 PICO

PT. Pelangi Indah Canindo

Tbk √ √ √ √ -

28 TBMS

PT. Tembaga Mulia Semanan

Tbk √ √ √ √ -

29 BRPT PT. Barito Pasific Tbk √ √ √ √ -

30 BUDI PT. Budi Acid Jaya Tbk √ - √ √ √

31 DPNS PT. Duta Pertiwi Nusantara √ √ √ √ √ Sampel 4 32 EKAD

PT. Ekadharma International

Tbk √ - √ √ √

33 ETWA PT. Eterindo Wahanatama Tbk √ √ √ √ - 34 INCI

PT. Intan Wijaya International

Tbk √ - √ √ √

35 SOBI

PT. Sorini Agro Asia

Corporindo Tbk - - -

36 SRSN PT. Indo Acitama Tbk √ √ √ √ -

37 TPIA

PT. Chandra Asri

Petrochemical √ √ √ √ -

38 UNIC PT. Unggul Indah Cahaya Tbk √ √ √ √ √ Sampel 5 39 AKKU PT. Alam Karya Unggul Tbk √ - √ √ √ 40 AKPI

PT. Argha Karya Prima

Industry Tbk √ - √ √ √

41 APLI PT. Asiaplast Industries Tbk √ - √ √ √

42 BRNA PT. Berlina Tbk √ √ √ √ √ Sampel 6

43 FPNI PT.Titan Kimia Nusantara Tbk √ √ √ √ - 44 IGAR

PT. Champion Pasific

Indonesia Tbk √ - √ √ √

45 IMPC

PT. Impack Pratama Industri

Tbk - √ √ √ √

46 IPOL

PT. Indopoly Swakarsa

47 SIAP PT. Sekawan Intipratama Tbk √ - √ √ √

48 SIMA PT. Siwani Makmur Tbk √ √ √ √ -

49 TRST PT. Trias Sentosa Tbk √ √ √ √ √ Sampel 7 50 YPAS

PT. Yana Prima Hasta Persada

Tbk √ √ √ √ -

51 CPIN

PT. Charoen Pokphand

52 JPFA

PT. Japfa Comfeed Indonesia

Tbk √ - √ √ √

53 MAIN PT. Malindo Feedmill Tbk √ - √ √ √ 54 SIPD PT. Siearad Produce Tbk √ - √ √ - 55 SULI

PT. Sumalindo Lestari Jaya

Tbk √ √ √ √ -

56 TIRT

PT. Tirta Mahakam Resources

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71

57 ALDO PT. Alkindo Naratama Tbk √ √ √ √ - 58 DAJK

PT. Dwi Aneka Jaya

Kemasindo Tbk √ - √ √ -

59 FASW PT. Fajar Surya Wisesa Tbk √ - √ √ - 60 INKP

PT. Indah Kiat Pulp & paper

Tbk √ - √ √ √

61 INRU PT. Toba Pulp Lestari Tbk √ - √ √ - 62 KBRI

PT. Kertas Basuki Rachmat

Indonesia Tbk √ √ √ √ -

63 SPMA PT. Suparma Tbk √ - √ √ -

64 TKIM

PT. Pabrik Kertas Tjiwi Kimia

Tbk √ - √ √ √

65 KRAH PT. Grand Kartech Tbk √ √ √ √ -

66 ASII PT. Astra International Tbk √ √ √ √ √ Sampel 8 67 AUTO PT. Astra Auto Part Tbk √ √ √ √ √ Sampel 9

68 BRAM PT. Indo Kordsa Tbk √ - √ √ √

69 GDYR PT. Goodyear Indonesia Tbk √ - √ √ √ 70 GJTL PT. Gajah Tunggal Tbk √ √ √ √ √ Sampel 10 71 IMAS

PT. Indomobil Sukses

International Tbk √ - √ √ -

72 INDS PT. Indospring Tbk √ - √ √ -

73 LPIN PT. Multi Prima Sejahtera Tbk √ - √ √ √ 74 MASA

PT. Multistrada Arah Sarana

Tbk √ √ √ √ -

75 NIPS PT. Nippres Tbk √ √ √ √ -

76 PRAS

PT. Prima alloy steel Universal

Tbk √ √ √ √ -

77 SMSM PT. Selamat Sempurna Tbk √ √ √ √ √ Sampel 11 78 ADMG PT. Polychem Indonesia Tbk √ - √ √ √

79 ARGO PT. Argo Pantes Tbk √ √ √ √ -

80 CNTX PT. Centex Tbk √ √ √ √ -

81 ERTX PT. Eratex Djaya Tbk √ - √ √ -

82 ESTI

PT. Ever Shine Textile

83 HDTX PT. Pan Asia Indosyntec Tbk √ √ √ √ - 84 INDR PT. Indo Rama Synthetic Tbk √ √ √ √ - 85 KARW PT. Karwell Indonesia Tbk √ - √ √ √ 86 MYTX PT. Apac Citra Centertex Tbk - - -

87 PBRX PT. Pan Brothers Tbk √ √ √ √ -

88 POLY PT. Asia Pasific Fibers Tbk √ - √ √ √ 89 RICY

PT. Ricky Putra Globalindo

Tbk √ - √ √ √

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72

91 SSTM

PT. Sunson Textile

Manufacturer Tbk √ - √ √ -

92 TRIS PT. Trisula International Tbk √ - √ √ - 93 UNIT

PT. Nusantara Inti Corpora

Tbk √ - √ √ -

94 UNTX PT. Unitex Tbk √ √ √ √ -

95 BATA PT. Sepatu Bata Tbk √ - √ √ - 96 BIMA

PT. Primarindo Asia

Infrastructure Tbk - - - 97 IKBI PT. Sumi Indo Kabel Tbk - - - 98 JECC

PT. Jembo Cable Company

Tbk √ - √ √ √

99 KBLI PT. KMI Wire and Cable Tbk √ - √ √ √ 100 KBLM PT. Kabelindo Murni Tbk √ √ √ √ -

101 SCCO

PT. Supreme Cable

Manufacturing and Commerce

Tbk √ - √ √ √

102 VOKS PT. Voksel Electric Tbk √ - √ √ √

103 PTSN PT. Sat Nusa Persada Tbk √ - √ √ √ 104 DLTA PT. Delta Djakarta Tbk - - √ √ √ 105 ICBP

PT. Indofood CBP Sukses

Makmur Tbk - - √ √ √

106 INDF

PT. Indofood Sukses Makmur

Tbk - - √ √ √

107 MLBI

PT. Multi Bintang Indonesia

Tbk - - √ √ √

108 MYOR PT. Mayora Indah Tbk - - √ √ √

109 PSDN PT. Prashida Aneka Niaga Tbk - - -

110 SKBM PT. Sekar Bumi Tbk √ - √ √ √

111 SKLT PT. Sekar Laut Tbk √ √ √ √ √ Sampel 12

112 STTP. PT. Siantar Top Tbk √ √ √ √ -

113 ULTJ.

PT. Ultrajaya Milk Industry

and Trading Company Tbk √ √ √ √ √ Sampel 13 114 ADES

PT. Akasha Wira International

Tbk √ - √ √ √

115 AISA.

PT. Tiga Pilar Sejahtera Food

Tbk √ √ √ √ -

116 ALTO PT. Tri Banyan Tirta Tbk √ - √ √ - 117 CEKA. PT. Cahaya Kalbar Tbk √ - √ √ √ 118 ROTI

PT. Nippon Indosari

Corporindo Tbk √ - √ √ √

119 DVLA

PT. Darya Varia Laboratoria

Tbk √ - √ √ √

120 INAF PT. Indofarma Tbk √ - √ √ √

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73

122 KLBF PT. Kalbe Farma Tbk √ - √ √ √

123 MERK PT. Merck Tbk √ - √ √ √

124 PYFA PT. Pyridam Farma Tbk √ - √ √ √

125 SCPI

PT. Schering Plough Indonesia

Tbk √ - √ √ √

126 SIDO

PT. Industri Jamu dan Farmasi

Sido Muncul Tbk √ - √ √ √

127 SQBB

PT. Taisho Pharmaceutical

128 TSPC PT. Tempo Scan Pasific Tbk √ √ √ √ √ Sampel 15 129 GGRM PT. Gudang Garam Tbk √ √ √ √ √ Sampel 16 130 HMSP

PT. Hanjaya Mandala

Sampoerna Tbk √ - √ √ √

131 RMBA

PT. Bentoel International

Investama Tbk √ - √ √ √

132 WIIM

PT. Wismilak Inti Makmur

Tbk √ √ √ √ √ Sampel 17

133 MBTO PT. Martina Berto Tbk √ - √ √ -

134 MRAT PT. Mustika Ratu Tbk √ - √ √ √

135 TCID PT. Mandom Indonesia Tbk √ √ √ √ √ Sampel 18 136 UNVR PT. Unilever Indonesia Tbk - - - 137 CINT PT. Chitose Internasional Tbk - - - 138 KDSI

PT. Kedawung Setia Industrial

Tbk √ - √ √ √

139 KICI PT. Kedaung Indag Can Tbk √ - √ √ - 140 LMPI

PT. Langgeng Makmur

Industry Tbk √ - √ √ -

Adapunsampelpenelitiandiambilsetelahmemenuhibeberapa kriteriasebagai

berikut:

1.

Perusahaan yang listing dan terdaftar di Bursa Efek Indonesia Periode 2012 –

2014.

2.

Perusahaan Manufaktur yang menyajikan laporan keuangan secara lengkap

pada periode 2012 – 2014.

3.

Perusahaan yang menyajikan secara jelas struktur kepemilikan manajerial dan

institusional.

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74

LAMPIRAN 5

STATISTIK DESKRIPTIF

Descriptive Statistics

N Minimum Maximum Mean Std. Deviation

MANAJERIAL 54 .000 .475 .07021 .121961

INSTITUSIONAL 54 .225 1.196 .65631 .217326

ROA 54 .001 10.202 .28100 1.377126

DER 54 .103 4.011 .84035 .801517

DPR 54 .002 6.329 .51506 .885710

Valid N (listwise) 54

HASIL UJI NORMALITAS (KOLMOGOROV SMIRNOV)

One-Sample Kolmogorov-Smirnov Test

Unstandardized Residual

N 54

Normal Parametersa,b Mean .0000000

Std. Deviation .67399591

Most Extreme Differences

Absolute .193

Positive .193

Negative -.145

Kolmogorov-Smirnov Z 1.421

Asymp. Sig. (2-tailed) .035

a. Test distribution is Normal.

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75

HASIL UJI NORMALITAS (KOLMOGOROV SMIRNOV SETELAH LN)

One-Sample Kolmogorov-Smirnov Test

Unstandardized Residual

N 54

Normal Parametersa,b Mean .0000000

Std. Deviation 1.15898980

Most Extreme Differences

Absolute .107

Positive .077

Negative -.107

Kolmogorov-Smirnov Z .788

Asymp. Sig. (2-tailed) .564

a. Test distribution is Normal.

b. Calculated from data.

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76

HASIL UJI NORMALITAS (NORMAL PLOT)

HASIL UJI MULTIKOLINEARITAS

Coefficients

a

Model Collinearity Statistics

Tolerance VIF

1

(Constant)

MANAJERIAL .457 2.187

INSTITUSIONAL .451 2.217

ROA .989 1.011

DER .968 1.033

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77

HASIL UJI HETEROSKEDASTISITAS

HASIL UJI AUTOKORELASI

Model Summaryb

Model R R Square Adjusted R

Square

Std. Error of the

Estimate

Durbin-Watson

1 .487a .237 .175 1.20537 1.858

a. Predictors: (Constant), DER, ROA, MANAJERIAL, INSTITUSIONAL

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78

LAMPIRAN 6

HASIL UJI HIPOTESIS SECARA SEREMPAK (UJI F)

ANOVAa

Model Sum of Squares df Mean Square F Sig.

1

Regression 22.135 4 5.534 3.809 .009b

Residual 71.193 49 1.453

Total 93.327 53

a. Dependent Variable: LNDPR

b. Predictors: (Constant), ROA, INSTITUSIONAL, DER, MANAJERIAL

HASIL UJI HIPOTESIS SECARA SEREMPAK (UJI t)

Coefficientsa

Model Unstandardized Coefficients Standardized

Coefficients

t Sig.

B Std. Error Beta

1

(Constant) -1.838 .868 -2.118 .039

MANAJERIAL -2.249 2.007 -.207 -1.120 .268

INSTITUSIONAL .049 1.134 .008 .043 .966

DER .687 .210 .415 3.273 .002

ROA .061 .121 .063 .506 .615