Analisis Faktor-faktor yang Mempengaruhi Pengungkapan Going Concern pada Perusahaan Manufaktur yang Mengalami Financial Distress di Bursa Efek Indonesia

(1)

N

(2)

Lampiran 2: Daftar Populasi dan Sampel

No. Nama Perusahaan

Kode

kr 1 kr 2 Sampel

1 PT Akasha Wira International Tbk

(Sebelumnya: PT Ades Waters Indonesia

Tbk)

ADES

v

S1

2 PT Alam Karya Unggul Tbk (Sebelumnya:

PT Aneka Kemasindo Utama Tbk)

AKKU

v

S2

3 PT Apac Citra Centertex Tbk

MYTX

v

S3

4 PT Argha Karya Prima Industry Tbk

AKPI

v

S4

5 PT Argo Pantes Tbk

ARGO

v

S5

6 PT Asia Pacific Fibers Tbk (Sebelumnya:

PT Polysindo Eka Perkasa Tbk)

POLY

v

x

7 PT Barito Pacific Tbk

BRPT

v

x

8 PT Budi Acid Jaya Tbk

BUDI

v

S6

9 PT Century Textile Industry (CENTEX)

Tbk

CNTX

v

x

10 PT Ever Shine Textile Industry Tbk

ESTI

v

x

11 PT Fajar Surya Wisesa Tbk

FASW

v

S7

12 PT Gajah Tunggal Tbk

GJTL

v

S8

13 PT Indah Kiat Pulp & Paper Tbk

INKP

v

x

14 PT Indal Aluminium Industry Tbk

INAI

v

S9

15 PT Indofarma (Persero) Tbk

INAF

v

S10

16 PT Indopoly Swakarsa Utama Industry

Tbk

IPOL

v

x

17 PT Indorama Syntetics Tbk

INDR

v

x

18 PT Intikeramik Alamasri Industry Tbk

IKAI

v

S11

19 PT Kabelindo Murni Tbk

KBLM

v

S12

20 PT ICTSI Jasa Prima Tbk (Sebelumnya PT

Karwell Indonesia Tbk)

KARW

v

x

21 PT Krakatau Steel (Persero) Tbk

KRAS

v

x

22 PT Langgeng Makmur Industry Tbk

LMPI

v

S13

23 PT Mulia Industrindo Tbk

MLIA

v

S14

24 PT Multistrada Arah Sarana Tbk

MASA

v

x

25 PT Nipress Tbk

NIPS

v

S15

26 PT Nusantara Inti Corpora Tbk

UNIT

v

S16

27 PT Pabrik Kertas Tjiwi Kimia Tbk

TKIM

v

x

28 PT Panasia Indosyntec Tbk

HDTX

v

S17

(3)

No. Nama Perusahaan

Kode

Kr 1 Kr 2 Sampel

30 PT Pelat Timah Nusantara Tbk

NIKL

v

x

31 PT Polychem Indonesia Tbk

ADMG

v

x

32 PT Primarindo Asia Infrastructure Tbk

BIMA

v

S19

33 PT Ricky Putra Globalindo Tbk

RICY

v

S20

34 PT Saranacentral Bajatama Tbk

BAJA

v

S21

35 PT Schering-Plough Indonesia Tbk

SCPI

v

S22

36 PT Siwani Makmur Tbk

SIMA

v

S23

37 PT Sumalindo Lestari Jaya Tbk

SULI

v

S24

38 PT Sunson Textile Manufacture Tbk

SSTM

v

S25

39 PT Suparma Tbk

SPMA

v

S26

40 PT Tiga Pilar Sejahtera Food Tbk

AISA

v

S27

41 PT Tirta Mahakam Resources Tbk

TIRT

v

S28

42 PT Lotte Chemical Titan Tbk

(Sebelumnya: PT Titan Kimia Nusantara

Tbk/ PT Fatrapolindo Nusa Industri Tbk)

FPNI

v

x

43 PT Toba Pulp Lestari Tbk

INRU

v

x

(4)

Lampiran 3: Data Penelitian

KODE EMITEN

TAHUN

Y

X1

X2

X3

X4

X5

X6

X7

ADES

PT Akasha Wira

International Tbk

PT Argha Karya

Prima Industry

GJTL

PT Gajah Tunggal

Tbk

INAF

PT Indofarma

(Persero) Tbk

2011

0

0.00

0

1.91

1.94

0

12.05

0 2012

0

0.00

0

1.93

0.15

0

12.08

0 2013

0

0.00

0

1.33 -2.28

0

12.11

0

Keterangan:

Y

: Pengungkapan

Going Concern

X4 : Pertumbuhan Perusahaan

X1 : Proporsi Komisaris Independen

X5 : Opini Audit Tahun Sebelumnya

X2 :

Default

Hutang

X6 : Ukuran Perusahaan

(5)

KODE

EMITEN

TAHUN

Y

X1

X2

X3

X4

X5

X6

X7

KBLM

PT Kabelindo

Murni Tbk

UNIT

PT Nusantara Inti

Corpora Tbk

PICO

PT Pelangi Indah

Canindo Tbk

BAJA

PT Saranacentral

Bajatama Tbk

2011

0 0.40

0

1.71

2.23

0

11.83

0 2012

0 0.40

0

1.61

0.14

0

11.91

0 2013

0 0.33

0

0.81 -5.08

0

11.93

0

Keterangan:

Y

: Pengungkapan

Going Concern

X4 : Pertumbuhan Perusahaan

X1 : Proporsi Komisaris Independen

X5 : Opini Audit Tahun Sebelumnya

X2 :

Default

Hutang

X6 : Ukuran Perusahaan

(6)

KODE

EMITEN

TAHUN

Y

X1

X2

X3

X4

X5

X6

X7

SCPI

PT Merck Sharp

Dohme Pharma

Tbk (Sebelumnya

PT

Schering-Plough Indonesia

Tbk)

2011

0 0.33

0

1.01

2.16

0

11.49

1 2012

0 0.33

0

0.78 -0.29

0

11.64

1 2013

0 0.33

0

0.78 -0.32

0

11.87

1 SIMA

PT Siwani

Makmur Tbk

2011

1 0.00

1 -3.55

2.45

1

10.68

0 2012

1 0.33

1 -1.54

-0.84

1

10.69

0 2013

0 0.33

1 -0.98

0.31

1

10.82

0 SULI

PT SLJ Global

Tbk (Sebelumnya

PT Sumalindo

Lestari Jaya Tbk)

2011

1 0.40

1 -1.60 -186.89

1

12.23

1 2012

1 0.40

1 -2.01

-0.52

1

12.15

1 2013

1 0.33

1 -3.23

1.16

1

11.97

1 SSTM

PT Sunson

Textile

Manufacture Tbk

2011

0 0.33

1

0.71 -3.43

0

11.93

0 2012

1 0.33

1

0.92 -0.41

0

11.91

0 2013

1 0.33

1

0.86 -0.06

1

11.90

0 SPMA PT Suparma Tbk

2011

0 0.40

1

1.36

0.12

0

12.19

0 2012

0 0.40

1

1.46

0.21

0

12.22

0 2013

0 0.40

1

1.16 -1.60

0

12.25

0 AISA

PT Tiga Pilar

Sejahtera Food

Tbk

2011

0 0.40

1

1.27

0.87

0

12.56

0 2012

0 0.40

1

1.55

0.69

0

12.59

0 2013

0 0.33

1

1.70

0.37

0

12.70

0 TIRT

PT Tirta

Mahakam

Resources Tbk

2011

0 0.50

0

1.10 -1.42

0

11.84

0 2012

0 0.50

0

0.89 -8.76

0

11.83

0 2013

0 0.33

0

0.03

0.44

0

11.86

0

Keterangan:

Y

: Pengungkapan

Going Concern

X4 : Pertumbuhan Perusahaan

X1 : Proporsi Komisaris Independen

X5 : Opini Audit Tahun Sebelumnya

X2 :

Default

Hutang

X6 : Ukuran Perusahaan

(7)

Lampiran 4: Deskripsi Data

1. Statistik Deskriptif

N Minimum Maximum Mean Std. Deviation Proporsi Komisaris

Independen 84 .00000 .66667 .3709609 .11679949 Kondisi Keuangan 84 -3.55338 2.01031 .7139208 1.24044815 Pertumbuhan

Perusahaan 84 -186.89396 54.02181 -3.0468499 23.29251221 Ukuran

Perusahaan 84 10582842395 15350754000000 1838845359851 2724431688684 Valid N (listwise) 84

2. Kelompok

Financial Distress

KELOMPOK

JUMLAH PERUSAHAAN

GRAND

2011

2012

2013

TOTAL

Going Concern

(GC)

7

8

7

22 Non

Going Concern

(NGC)

21

20

21

62 Jumlah Perusahaan

28

84

3. Distribusi Frekuensi

Pengungkapan Going Concern

Total Non Going

Concern

Going Concern

Default Hutang tidak default Count 49 0 49 % of Total 58.3% .0% 58.3% status debt default Count 13 22 35 % of Total 15.5% 26.2% 41.7%

Total Count 62 22 84

% of Total 73.8% 26.2% 100.0% Opini Audit

Tahun Sebelumnya

opini NGC sebelumnya

Count 59 2 61

% of Total 70.2% 2.4% 72.6% opini GC tahun

sebelumnya

Count 3 20 23

% of Total 3.6% 23.8% 27.4%

% of Total 73.8% 26.2% 100.0% Skala Auditor KAP bukan big

four

Count 47 19 66

% of Total 56.0% 22.6% 78.6%

KAP big four Count 15 3 18

% of Total 17.9% 3.6% 21.4%

(8)

Lampiran 5: Uji Multikolinieritas

Opini Audit Tahun

Sebelumnya .105 -.575 -.162 .010 .333 -.061 1.000

Perusahaan 6.988E-6 -1.798E-6 2.912E-7 1.302E-6 -7.657E-6 1.039E-5 1.052E-6 Kondisi Keuangan .001 .001 -.001 -7.657E-6 .001 -.001 .001 Ukuran Perusahaan -.003 -.002 .001 1.039E-5 -.001 .004 .000 Opini Audit Tahun

Sebelumnya .001 -.004 -.003 1.052E-6 .001 .000 .008 a. Dependent Variable: Pengungkapan Going Concern

Nilai

Tolerance

_{dan VIF}

Model

Collinearity Statistics Tolerance VIF (Constant)

(9)

Lampiran 6: Uji Autokorelasi

Runs Test

Difference between observed and

predicted probabilities Test Valuea .00000 Cases < Test Value 42 Cases >= Test Value 42

Total Cases 84

Number of Runs 35

Z -1.756

Asymp. Sig. (2-tailed) .079 a. Median

Lampiran 7: Hasil Uji Regresi Logistik

Logistic Regression

Case Processing Summary

Unweighted Casesa N Percent Selected Cases Included in Analysis 84 100.0

Missing Cases 0 .0

Total 84 100.0

Unselected Cases 0 .0

Total 84 100.0

a. If weight is in effect, see classification table for the total number of cases.

Dependent Variable Encoding Original Value Internal Value Non Going Concern 0 Going Concern 1

Block 0: Beginning Block

Iteration Historya,b,c Iteration _{-2 Log}

likelihood

Coefficients Constant Step 0 1 96.722 -.952

2 96.607 -1.035 3 96.607 -1.036 4 96.607 -1.036 a. Constant is included in the model.

b. Initial -2 Log Likelihood: 96.607

(10)

Classification Tablea,b

Observed Predicted

Percentage Correct Non Going

Concern

Going Concern Step 0 Pengungkapan Going

Concern

Non Going Concern 62 0 100.0

Going Concern 22 0 .0

Overall Percentage 73.8

a. Constant is included in the model. b. The cut value is .500

Variables in the Equation

B S.E. Wald df Sig. Exp(B) Step 0 Constant -1.036 .248 17.431 1 .000 .355

Variables not in the Equation

Score df Sig. Step 0 Variables DCOMM 5.584 1 .018

DEFAULT 41.729 1 .000

ZSCORE 22.730 1 .000

EATGR 1.922 1 .166

OPINI 60.498 1 .000

SIZE 2.648 1 .104

KAP 1.075 1 .300

(11)

Block 1: Method = Enter

Iteration Historya,b,c,d Iteration _{-2 Log}

likelihood

Coefficients

Constant DCOMM DEFAULT ZSCORE EATGR Step 1 1 39.987 1.679 .641 .774 -.013 -.004

2 28.885 4.602 1.910 1.794 -.063 -.009 3 24.278 5.344 4.206 3.007 -.218 -.015 4 22.233 4.262 6.615 4.401 -.426 -.023 5 21.442 3.347 7.961 5.905 -.589 -.033 6 21.189 2.355 8.214 7.261 -.679 -.044 7 21.116 1.232 8.123 8.370 -.708 -.047 8 21.090 .200 8.101 9.386 -.711 -.048 9 21.081 -.803 8.100 10.388 -.711 -.048 10 21.077 -1.804 8.100 11.389 -.711 -.048 11 21.076 -2.804 8.100 12.389 -.711 -.048 12 21.076 -3.804 8.100 13.389 -.711 -.048 13 21.076 -4.804 8.100 14.389 -.711 -.048 14 21.075 -5.804 8.100 15.389 -.711 -.048 15 21.075 -6.804 8.100 16.389 -.711 -.048 16 21.075 -7.804 8.100 17.389 -.711 -.048 17 21.075 -8.804 8.100 18.389 -.711 -.048 18 21.075 -9.804 8.100 19.389 -.711 -.048 19 21.075 -10.804 8.100 20.389 -.711 -.048 20 21.075 -11.804 8.100 21.389 -.711 -.048 a. Method: Enter

b. Constant is included in the model. c. Initial -2 Log Likelihood: 96.607

d. Estimation terminated at iteration number 20 because maximum iterations has been reached. Final solution cannot be found.

Iteration Historya,b,c,d Iteration Coefficients

OPINI SIZE KAP Step 1 1 2.586 -.325 -.100

(12)

20 2.817 -1.092 -2.328 a. Method: Enter

b. Constant is included in the model. c. Initial -2 Log Likelihood: 96.607

d. Estimation terminated at iteration number 20 because maximum iterations has been reached. Final solution cannot be found.

Omnibus Tests of Model Coefficients

Chi-square df Sig. Step 1 Step 75.531 7 .000

Block 75.531 7 .000 Model 75.531 7 .000

Model Summary

Step -2 Log likelihood

Cox & Snell R Square

Nagelkerke R Square

1 21.075a .593 .868

a. Estimation terminated at iteration number 20 because maximum iterations has been reached. Final solution cannot be found.

Hosmer and Lemeshow Test

Step Chi-square df Sig.

1 4.382 8 .821

Contingency Table for Hosmer and Lemeshow Test Pengungkapan Going Concern =

Non Going Concern

Pengungkapan Going Concern = Going Concern

Total Observed Expected Observed Expected

Step 1 1 8 8.000 0 .000 8

2 8 8.000 0 .000 8

3 8 8.000 0 .000 8

4 8 8.000 0 .000 8

5 8 8.000 0 .000 8

6 8 8.000 0 .000 8

7 8 7.408 0 .592 8

8 5 5.247 3 2.753 8

9 0 1.103 8 6.897 8

(13)

Classification Tablea

Observed Predicted

Percentage Correct Non Going

Concern

Going Concern Step 1 Pengungkapan Going

Concern

Non Going Concern 60 2 96.8

Going Concern 1 21 95.5

Overall Percentage 96.4

a. The cut value is .500

Variables in the Equation

B S.E. Wald df Sig. Exp(B) Step 1a DCOMM 8.100 9.092 .794 1 .373 3293.511

DEFAULT 21.389 4709.924 .000 1 .996 1.946E9 ZSCORE -.711 .762 .872 1 .350 .491 EATGR -.048 .082 .336 1 .562 .953 OPINI 2.817 1.338 4.432 1 .035 16.724 SIZE -1.092 1.427 .586 1 .444 .336 KAP -2.328 2.492 .873 1 .350 .097 Constant -11.804 4709.949 .000 1 .998 .000 a. Variable(s) entered on step 1: DCOMM, DEFAULT, ZSCORE, EATGR, OPINI, SIZE, KAP.

Correlation Matrix

Constant DCOMM DEFAULT ZSCORE EATGR OPINI SIZE KAP Step 1 Constant 1.000 .000 -1.000 .002 .000 .001 -.003 .002