Analisis Pengaruh Free Cash Flow, Return On Equity dan Managerial Ownership Terhadap Kebijakan Hutang Pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia

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Lampiran I

Daftar Populasi dan Sampel Penelitian

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27 Lamicitra Nusantara Tbk LAMI √ - √ √ -

28 Laguna Cipta Griya Tbk LCGP √ - √ √ -

29 Lippo Cikarang Tbk LPCK √ √ √ √ 13

30 Lippo Karawaci Tbk LPKR √ √ √ √ 14

31 Modernland Realty Tbk MDLN √ √ √ - -

32 Metropolitan Kentjana Tbk MKPI √ - √ √ -

33 Metropolitan Land Tbk MTLA √ √ √ - -

34 Metro Realty Tbk MTSM √ √ √ - -

35 Nirvana Development Tbk NIRO √ √ √ - -

36 Indonesia Prima Property Tbk OMRE √ √ √ √ 15

37 Plaza Indonesia Realty Tbk PLIN √ √ √ √ 16

38 Pudjiati Prestige Tbk PUDP √ √ √ - -

39 Pakuwon Jati Tbk PWON √ √ √ - -

40 Rista Bintang Mahkota Sejati Tbk RBMS √ √ √ √ 17

41 Roda Vivatex Tbk RDTX √ √ √ - -

42 Pikko Land Development Tbk RODA √ √ √ - -

43 Dadanayasa Arthatama Tbk SCBD √ √ √ -

44 Suryamas Dutamakmur Tbk SMDM √ √ √ - -

45 Summarecon Agung Tbk SMRA √ - √ √ -

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Lampiran II

Daftar Sampel Perusahaan Property dan Real Estate

Bursa Efek Indonesia

No. Kode Nama Perusahaan

1. APLN Agung Podomoro Land Tbk 2. ASRI Alam Sutera Reality Tbk 3. BAPA Bekasi Asri Pemula Tbk

4. BIPP Bhuawanatala Indah Permai Tbk 5. BKDP Bukit Darmo Property Tbk 6. COWL Cowell Development Tbk

7. CTRA Ciputra Development Tbk

8. CTRP Ciputra Property Tbk

9. DUTI Duta Pertiwi Tbk

10. ELTY Bakrieland Development Tbk

11. GMTD Goa Makssar Tourism Development Tbk

12. KPIG Global Land and Development Tbk

13. LPCK Lippo Cikarang Tbk

14. LPKR Lippo Karawaci Tbk

15. OMRE Indonesia Prima Property Tbk

16. PLIN Plaza Indonesia Realty Tbk

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Lampiran III

Data Penelitian Free Cash Flow Tahun 2011

No. Kode Nama Perusahaan Free Cash Flow (FCF)

1. APLN Agung Podomoro Land Tbk -Rp 2.937.771.446

2. ASRI Alam Sutera Reality Tbk Rp 821.606.367.000

3. BAPA Bekasi Asri Pemula Tbk Rp 1.038.382.988.000

4. BIPP Bhuawanatala Indah Permai Tbk -Rp 28.229.748.310

5. BKDP Bukit Darmo Property Tbk -Rp 293.651.057.200

6. COWL Cowell Development Tbk -Rp 239.594.443.400

7 CTRA Ciputra Development Tbk -Rp 6.318.112.950.000

8. CTRP Ciputra Property Tbk -Rp 1.504.544.988.000

9. DUTI Duta Pertiwi Tbk -Rp 5.938.065.437.000

10. ELTY Bakrieland Development Tbk -Rp 3.721.815.364.000 11. GMTD Goa Makssar Tourism Development Tbk -Rp 7.122.870.290

12. KPIG Global Land and Development Tbk -Rp 189.627.225.000

13. LPCK Lippo Cikarang Tbk Rp 8.160.366.200

14. LPKR Lippo Karawaci Tbk -Rp 5.909.474.362.000

15. OMRE Indonesia Prima Property Tbk Rp 153.891.868.800

16. PLIN Plaza Indonesia Realty Tbk -Rp 1.536.823

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Lampiran IV

Data Penelitian Free Cash Flow Tahun 2012

2. ASRI Alam Sutera Reality Tbk -Rp 2.057.376.938

3. BAPA Bekasi Asri Pemula Tbk -Rp 17.655.450.980

4. BIPP Bhuawanatala Indah Permai Tbk Rp 66.288.688.050

5. BKDP Bukit Darmo Property Tbk Rp 3.110.530.965.000

6. COWL Cowell Development Tbk -Rp 1.235.410.718.000

7 CTRA Ciputra Development Tbk -Rp 223.659.052.500

10. ELTY Bakrieland Development Tbk Rp 2.132.135.788.000

11. GMTD Goa Makssar Tourism Development Tbk -Rp 288.794.470.300

12. KPIG Global Land and Development Tbk -Rp 694.267.734.600

13. LPCK Lippo Cikarang Tbk -Rp 336.734.502.200

16. PLIN Plaza Indonesia Realty Tbk Rp 757.748.608

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Lampiran V

Data Penelitian Free Cash Flow Tahun 2013

2. ASRI Alam Sutera Reality Tbk -Rp 1.331.705.973

3. BAPA Bekasi Asri Pemula Tbk -Rp 87.145.176.210

4. BIPP Bhuawanatala Indah Permai Tbk -Rp 437.512.987.100

5. BKDP Bukit Darmo Property Tbk -Rp 128.618.385.000

6. COWL Cowell Development Tbk -Rp 243.050.230

7 CTRA Ciputra Development Tbk -Rp 4.678.680.432.000

10. ELTY Bakrieland Development Tbk Rp 2.089.233.919.000

11. GMTD Goa Makssar Tourism Development Tbk Rp 55.691.129.000

12. KPIG Global Land and Development Tbk -Rp 4.481.746.763.000

13. LPCK Lippo Cikarang Tbk -Rp 1.426.329.019.000

16. PLIN Plaza Indonesia Realty Tbk Rp 559.796.697

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Lampiran VI

Data Penelitian Return On Equity Tahun 2011-2013

No. Kode Nama Perusahaan 2011 2012 2013

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Lampiran VII

Data Penelitian Kepemilikan Manajerial Tahun 2011-2013

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Lampiran VIII

Data Penelitian DER Tahun 2011-2013

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Lampiran IX

Hasil Analisis Data

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Normal P-Plot of Regresion Standarized Residual – Normal

Hasil Uji Kolmogorov - Smirnov

One-Sample Kolmogorov-Smirnov Test

Unstandardized

Residual

N 51

Normal Parametersa,b Mean ,0000000

Std. Deviation 57,46162729

Most Extreme

Differences

Absolute ,116

Positive ,116

Negative -,069

Kolmogorov-Smirnov Z ,831

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Uji Multikolinearitas

Coefficientsa

Model Unstandardized

Coefficients

Standardized

Coefficients

T Sig.

Collinearity

Statistics

B Std. Error Beta Tolerance VIF

1 (Constant) 68,267 13,993 4,879 ,000

FREECASHFLOW 8,480E-13 ,000 ,052 ,375 ,710 ,965 1,037

ROE 1,060 ,767 ,192 1,381 ,174 ,974 1,027

KEPMANAJERIAL -1,399 ,752 -,260 -1,860 ,069 ,968 1,033

a. Dependent Variable: DER

a. Test distribution is Normal.

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Scatterplot Uji Heteroskedastisitas

Uji Autokorelasi – Autokorelasi Positif

Model Summaryb

a. Predictors: (Constant), KEPMANAJERIAL, ROE, FREECASHFLOW

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Uji Analisis Regresi Linier Berganda

Uji Koefisien Determinasi (R2)

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Uji Signifikansi Simultan (Uji – F)

Uji Signifikansi Parameter Individual (Uji-t)

ANOVAb

Model

Sum of Squares Df Mean Square F Sig.

1 Regression 20849,717 3 6949,906 1,979 ,130a

Residual 165091,931 47 3512,594

Total 185941,647 50

a. Predictors: (Constant), KEPMANAJERIAL, ROE, FREECASHFLOW

Coefficientsa

Model

Unstandardized Coefficients

Standardized

Coefficients

t Sig.

B Std. Error Beta

1 (Constant) 68,267 13,993 4,879 ,000

FREECASHFLOW 8,480E-13 ,000 ,052 ,375 ,710

ROE 1,060 ,767 ,192 1,381 ,174