Lampiran 1: Pengklasifikasian Perusahaan Berdasar Siklus Hidup

(1)

xiii

LAMPIRAN DATA

Lampiran 1: Pengklasifikasian Perusahaan Berdasar Siklus Hidup

PERUSAHAAN

Sub Sektor Keramik, Porselen dan Kaca

1 AMFG + - - Maturity + - - Maturity - + - Decline

Sub Sektor Logam dan Sejenisnya

(2)

Shake-17 PICO + - - Maturity + - - Maturity + - + Growth

Sub Sektor Plastik dan Kemasan

1 AKKU - + + Decline - + + Decline - + + Decline

Sub Sektor Pakan Ternak

1 CPIN + - + Growth + - + Growth + - + Growth

2 JPFA + - - Maturity + - - Maturity + - - Maturity

3 MAIN - - + Intro - - + Intro - - + Intro

4 SIPD - + - Decline + - - Maturity + - - Maturity

Sub Sektor Kayu dan Pengolahannya

1 SULI + + - Shakeout + - - Maturity + - - Maturity

2 TIRT + + - Shakeout + - - Maturity + - - Maturity

Sub Sektor Pulp dan Kertas

(3)

xv

Sub Sektor Mesin dan Alat Berat

1 AMIN - - + Intro - - + Intro

Sub Sektor Tekstil dan Garmen

(4)

12 SSTM + - - Maturity + - - Maturity + - - Maturity

13 STAR - - + Intro + + - Shakeout + + - Shakeout

14 TFCO + - - Maturity + - - Maturity + - - Maturity

15 TRIS + - + Growth + - - Maturity + - - Maturity

16 UNIT + + - Shakeout - - + Intro - - + Intro

Sub Sektor Alas Kaki

1 BATA + - - Maturity - + - Decline - + - Decline

Sektor Industri Barang Konsumsi Sub Sektor Makanan dan Minuman

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xvii

2 HMSP + - - Maturity + - + Growth + - + Growth

3 RMBA - - + Intro - - + Intro - - + Intro

4 WIIM + - + Growth + - + Growth + - + Growth

Sub Sektor Farmasi

1 DVLA + - - Maturity + - - Maturity + - - Maturity

2 INAF + - - Maturity + - + Growth + - + Growth

3 KAEF + - + Growth + - + Growth + - + Growth

4 KLBF + - - Maturity + - - Maturity + - - Maturity

5 MERK + - - Maturity + - - Maturity + - - Maturity

6 PYFA + - - Maturity + - - Maturity + - - Maturity

7 SCPI - - + Intro - - none - - none

8 SIDO + - - Maturity + - - Maturity + - - Maturity

9 SQBB + - - Maturity + - - Maturity + - - Maturity

10 TSPC + - - Maturity + - - Maturity + - - Maturity

Sub Sektor Komsetik dan Kep. Rumah Tangga

1 ADES + - - Maturity + - + Growth + - + Growth

2 KINO - - + Intro - - + Intro

3 MBTO + + - Shakeout + - + Growth + - + Growth

4 MRAT - - + Intro - - + Intro - - + Intro

5 TCID + - + Growth + + - Shakeout + + - Shakeout

6 UNVR + - - Maturity + - - Maturity + - - Maturity

Sub sektor Peralatan Rumah Tangga

1 CINT + - + Growth + - - Maturity + - - Maturity

2 KICI + - - Maturity - - + Intro - - + Intro

3 LMPI + - - Maturity + - + Growth + - + Growth

(6)

Lampiran 2: Data Tahap Introduction

THN Profitabilitas Leverage Likuiditas Aktivitas

Pengambilan Keputusan

Investor

2014 0,047565 0,018868 1,157072 5,015797 0,000004

0,005962 0,048294 0,462518 1,036982 0,002307428

2015 -0,1826 -0,13404 0,293996 0,489176 0,105387501

(7)

xix

Pengambilan

2016 0,1453 0,162378 1,638475 0,533783 0,120687293

(8)

Lampiran 3: Data Tahap Growth

THN Profitabilita

s Leverage Likuiditas Aktivitas

Investor

2014 0,080000 0,905216 0,396670

(9)

xxi THN Profitabilita

Pengambilan

2015 0,191200 1,326692 1,275887

0,93405

8 0,176904

0,046000 0,250267 0,710074

1,04090

(10)

THN Profitabilita

(11)

xxiii THN Profitabilita

Pengambilan

2016 0,248000 0,828360 0,349473

(12)

THN Profitabilita

(13)

xxv THN Profitabilita

Investor

0,149059 0,675005 1,142092

1,12527

6 0,000067

0,373000 1,482480 2,183761

2,24586

0 0,469845

0,110000 1,164727 0,687062

1,24538

5 0,025144

-0,030200 0,155538 0,756180

1,21211

9 0,105370

0,123600 0,185771 1,089422

1,25992

9 0,204463

0,150000 0,828315 1,008344

1,15659

6 0,005066

0,020000 0,608510 2,389744

0,96547

0 0,007685

0,017000 0,883136 0,965404

0,73392

(14)

Lampiran 4: Data Tahap Shakeout

Investor

2014 0,051300 1,321069 4,687886 0,551488 0,000986

0,184100 0,272051 0,528237 1,044534 0,021230

2015 -0,090000 7,596368 2,313196 0,384108 0,011747

-0,018950 0,130262 0,668378 5,179813 0,000070

2016 2,342943 -0,470048 0,070899 0,316089 0,007924

(15)

xxvii Lampiran 5: Data Tahap Mature

(16)

2015 0,176 1,593478 4,308297 0,643968 0,297964

(17)

xxix THN Profitabilitas Leverage Likuiditas Aktivitas

(18)

2016 0,155 1,158779 3,948065 0,509502 0,225276

(19)

xxxi THN Profitabilitas Leverage Likuiditas Aktivitas

Investor

0,012658 0,019422 0,050961 1,53904 0,026413

0,03 0,077054 0,524336 0,947881 0,007053

-0,0578 0,030119 0,192226 0,650841 0,00879

0,02 1,434596 1,865122 0,57764 4,11E-05

0,063 0,2393 0,940069 1,409891 0,005744

-0,1811 0,820454 0,42971 1,86992 0,244584

0,06146 0,613604 4,706522 1,258312 0,007272

0,066255 0,359213 0,796664 1,54502 0,087245

0,022 5,700001 1,647517 1,409404 1

0,196278 0,886517 1,919065 1,192517 0,321746

0,121 0,286142 1,056304 0,812299 0,368901

1,196784 2,401005 0,527099 1,434398 0,003642

0,22 0,425094 1,695139 1,420009 0,021494

0,069 0,545027 0,774247 1,467617 1,73E-05

0,2034 1,397746 3,549832 1,105394 0,003571

0,169 0,521974 0,187391 1,164961 0,503403

0,141 0,540108 2,265636 0,947753 0,001247

0,1845 3,723621 2,659938 1,272443 0,563804

0,264 1,32276 2,229133 1,390991 0,001261

0,0488 0,320049 1,056619 1,298624 0,069451

0,171 2,749448 6,697069 0,854649 0,047586

0,46 1,879801 2,860328 1,182232 2,96E-05

0,115 0,446073 1,735568 1,387566 0,006787

1,341 0,768809 0,384598 2,391855 0,888379

(20)

Lampiran 6: Data Tahap Decline

Investor

2014 -0,1484 0,06142 0,258595 0,505877 0,034582

0,0002 0,00000 1,96658 0,04214 0,52876

-153,73 0,02842 1,10488 0,04700 0,00000

0,0038 0,546624 0,943836 0,894978 0,038032

2015 0,12 1,29944 6,846674 0,414862 0,072367

0,02 0,206716 0,49871 0,533383 0,051955

-1,5773 -0,04648 0,229265 0,362009 0,00485

-0,5215 0,133128 -2,54447 0,691049 3,13E-06

0,24 0,63829 0,838808 1,293733 0,983071

2016 0,09 0,336648 6,657836 0,348558 0,128263

-0,04 0,116701 0,49871 0,478588 0,050051

0,072 0,309261 0,229265 0,676503 0,009767

0,1378 0,225731 -2,54447 0,959283 0,003085

0,0263 0,128928 0,838808 0,094728 0,272429

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xxxiii

Lampiran 7: SPSS Tahap Introduction

Descriptives

Descriptive Statistics

N Minimum Maximum Mean Std. Deviation

Profitabilitas 43 -1,757200 2,473158 -,03629659 ,522997035

Leverage 43 -,091173 2,085296 ,55787210 ,575000810

Likuiditas 43 ,148003 1,578014 ,64289296 ,387060526

Aktivitas 43 ,026730 5,015797 ,96849734 ,948509568

PengambilanKeputusanI

nvestor 43 ,000004 ,079899 ,00838894 ,015600432

Valid N (listwise) 43

Uji R Square

Model Summaryb

Model R R Square

Adjusted R Square

Std. Error of the

Estimate Durbin-Watson

1 ,598a _,357 _,290 _,013146836 _1,570

a. Predictors: (Constant), Aktivitas, Profitabilitas, Leverage, Likuiditas b. Dependent Variable: PengambilanKeputusanInvestor

Uji F

ANOVAa

Model Sum of Squares df Mean Square F Sig.

1 Regression ,004 4 ,001 5,285 ,002b

Residual ,007 38 ,000

Total ,010 42

a. Dependent Variable: PengambilanKeputusanInvestor

(22)

Uji Multikolonieritas dan uji t

Coefficientsa

Model

Unstandardized Coefficients

Standardized Coefficients

t Sig.

Collinearity Statistics

B Std. Error Beta Tolerance VIF

1 (Constant) -,007 ,005 -1,576 ,123

Profitabilitas -,002 ,004 -,075 -,566 ,575 ,967 1,034

Leverage ,005 ,004 ,176 1,330 ,191 ,970 1,031

Likuiditas ,023 ,005 ,576 4,283 ,000 ,935 1,070

Aktivitas -,002 ,002 -,117 -,865 ,392 ,924 1,082

Uji Heteroskedastisitas

Coefficientsa

Model

t Sig.

B Std. Error Beta

1 (Constant) ,012 ,012 1,022 ,313

Profitabilitas -,004 ,010 -,062 -,378 ,707

Leverage ,000 ,009 ,003 ,020 ,984

Likuiditas ,007 ,014 ,090 ,543 ,591

Aktivitas -,004 ,006 -,120 -,720 ,476

(23)

xxxv

Lampiran 8: SPSS Growth

Descriptives

Profitabilitas 92 -,570000 ,298000 ,07286198 ,127055261

Leverage 92 -3,590660 3,602008 ,64367699 ,721348319

Likuiditas 92 -,794651 4,675238 1,02490957 ,799362584

Aktivitas 92 ,026651 3,473394 1,03663583 ,557386014

nvestor 92 ,000000 ,255614 ,05731784 ,062881537

Uji R Square

Model Summaryb

Model R R Square

Adjusted R Square

Std. Error of the

1 ,383a _,147 _,107 _,059405638 _2,066

a. Predictors: (Constant), Aktivitas, Likuiditas, Leverage, Profitabilitas b. Dependent Variable: PengambilanKeputusanInvestor

Uji F

ANOVAa

1 Regression ,053 4 ,013 3,740 ,007b

Residual ,307 87 ,004

Total ,360 91

(24)

Uji Multikolonieritas dan Uji T

Coefficientsa

Model

t Sig.

1 (Constant) ,094 ,015 6,136 ,000

Profitabilitas ,023 ,058 ,046 ,387 ,700 ,705 1,418

Leverage -,022 ,010 -,251 -2,238 ,028 ,777 1,287

Likuiditas ,009 ,008 ,111 1,085 ,281 ,943 1,060

Aktivitas -,032 ,012 -,281 -2,684 ,009 ,895 1,117

Uji Heteroskedastisitas

Coefficientsa

Model

t Sig.

B Std. Error Beta

1 (Constant) ,062 ,008 7,654 ,000

Profitabilitas -,026 ,031 -,099 -,837 ,269

Leverage -,004 ,005 -,080 -,707 ,987

Likuiditas ,007 ,004 ,160 1,557 ,848

Aktivitas -,016 ,006 -,272 -2,587 ,932

(25)

xxxvii

Lampiran 9: SPSS Tahap Shakeout

Descriptives

Profitabilitas 29 -,094873 2,342943 ,15771276 ,469264688

Leverage 29 -,470048 3,846465 ,85197414 ,910348109

Likuiditas 29 ,100817 4,946873 1,67441248 1,238003099

Aktivitas 29 ,187603 5,179813 ,86725707 ,939438947

nvestor 29 ,000002 ,047400 ,01047814 ,012997273

Uji R square

Model Summaryb

Model R R Square

Adjusted R Square

Std. Error of the

1 ,655a _,429 _,334 _,010604916 _1,797

a. Predictors: (Constant), Aktivitas, Likuiditas, Profitabilitas, Leverage b. Dependent Variable: PengambilanKeputusanInvestor

Uji F

ANOVAa

1 Regression ,002 4 ,001 4,514 ,007b

Residual ,003 24 ,000

Total ,005 28

(26)

Uji Multikolonieritas dan Uji T

Coefficientsa

Model

t Sig.

1 (Constant) ,001 ,004 ,303 ,764

Profitabilitas ,001 ,004 ,023 ,149 ,883 ,979 1,022

Leverage -,002 ,002 -,145 -,858 ,400 ,835 1,197

Likuiditas ,007 ,002 ,692 4,155 ,000 ,857 1,166

Aktivitas -,001 ,002 -,105 -,670 ,509 ,970 1,031

Uji Heteroskedastisitas

Coefficientsa

Model

t Sig.

B Std. Error Beta

1 (Constant) ,004 ,002 1,986 ,059

Profitabilitas -,001 ,002 -,111 -,598 ,555

Leverage ,000 ,001 ,063 ,316 ,755

Likuiditas ,002 ,001 ,402 2,038 ,053

Aktivitas -7,650E-5 ,001 -,012 -,065 ,949

(27)

xxxix

Lampiran 10: SPSS Tahap Mature

Descriptives

Profitabilitas 135 -,484700 1,345000 ,09667803 ,207739045

Leverage 135 -,139125 3,305791 ,57175662 ,674678698

Likuiditas 135 -,331865 3,886084 1,18173777 ,968450309

Aktivitas 135 ,072472 8,429325 1,20545652 ,869042666

nvestor 135 ,000002 ,967782 ,08000915 ,157932802

Uji R Square

Model Summaryb

Model R R Square

Adjusted R Square

Std. Error of the

1 ,822a _,677 _,667 _,091198253 _1,643

a. Predictors: (Constant), Aktivitas, Leverage, Profitabilitas, Likuiditas b. Dependent Variable: PengambilanKeputusanInvestor

Uji F

ANOVAa

1 Regression 2,261 4 ,565 67,965 ,000b

Residual 1,081 130 ,008

Total 3,342 134

(28)

Uji Multikolonieritas dan Uji T

Coefficientsa

Model

t Sig.

1 (Constant) ,043 ,018 2,393 ,018

Profitabilitas ,603 ,039 ,793 15,522 ,000 ,952 1,050

Leverage ,031 ,013 ,133 2,413 ,017 ,823 1,214

Likuiditas -,026 ,009 -,162 -2,962 ,004 ,829 1,206

Aktivitas -,006 ,009 -,034 -,659 ,511 ,958 1,044

Uji Heteroskedastisitas

Coefficientsa

Model

t Sig.

B Std. Error Beta

1 (Constant) ,066 ,018 3,578 ,000

Profitabilitas ,039 ,040 ,086 ,975 ,331

Leverage ,011 ,013 ,080 ,846 ,399

Likuiditas ,008 ,009 ,084 ,883 ,379

Aktivitas -,009 ,010 -,079 -,892 ,374

(29)

xli

Lampiran 11: SPSS Tahap Decline

Descriptives

Profitabilitas 14 -,22 ,24 ,0272 ,11574

Leverage 14 -,05 1,30 ,3030 ,33438

Likuiditas 14 -,74 2,25 ,6825 ,88993

Aktivitas 14 ,04 1,29 ,6099 ,32379

PengambilanKeputusanInve

stor 14 ,00 ,98 ,1952 ,29418

Uji R Square

Model Summaryb

Model R R Square

Adjusted R Square

Std. Error of the

1 ,827a _,684 _,543 _,19882 _2,812

a. Predictors: (Constant), Aktivitas, Leverage, Profitabilitas, Likuiditas b. Dependent Variable: PengambilanKeputusanInvestor

Uji F

ANOVAa

1 Regression ,769 4 ,192 4,865 ,023b

Residual ,356 9 ,040

Total 1,125 13

(30)

Uji Multikolonieritas dan Uji T

Coefficientsa

Model

t Sig.

1 (Constant) -,478 ,218 -2,188 ,056

Profitabilitas ,122 ,699 ,048 ,174 ,865 ,464 2,154

Leverage -,601 ,243 -,684 -2,470 ,036 ,459 2,179

Likuiditas ,389 ,119 1,178 3,260 ,010 ,269 3,716

Aktivitas ,961 ,306 1,058 3,146 ,012 ,311 3,218

Uji Heteroskedastisitas

Coefficientsa

Model

t Sig.

B Std. Error Beta

1 (Constant) -,065 ,114 -,572 ,581

Profitabilitas -,204 ,365 -,212 -,559 ,590

Leverage -,170 ,127 -,510 -1,336 ,214

Likuiditas ,141 ,062 1,131 2,267 ,050

Aktivitas ,236 ,159 ,687 1,479 ,173

(31)