x
Lampiran 1 Data Mentah Sampel
no nama Perusahaan
2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 1 Akasha Wira International Tbk 94.45 93.85 93.85 91.94 0 0 0.00 0 5.55 6.15 6.15 8.06 2.735 3.637 2.487
2
Aneka Kemasindo Utama Tbk / Alam
Karya Unggul Tbk 78.89 95.07 95.07 84.91 0.65 0 0.00 0 20.46 4.93 4.93 15.09 1.461 1.523 3.525 3 Apac Citra Centertex Tbk 79.72 79.72 79.72 79.72 0 0 0.00 0 20.28 20.28 20.28 20.28 0.997 0.953 1.144 4 Argo Pantes Tbk 45.42 44.56 44.56 44.56 10.08 1.92 2.46 2.46 44.5 42.96 42.90 42.9 1.273 1.157 1.183 5 Barito Pacific Tbk 72.19 72.19 72.21 72.21 0.48 0.5 0.50 0.5 27.33 27.31 27.29 27.29 1.029 1.019 0.774 6 Betonjaya Manunggal Tbk 79.87 79.87 81.83 81.83 9.58 9.58 9.58 9.58 10.55 10.55 8.59 8.59 0.783 0.866 0.732
7
Bristol-Myers Squibb Indonesia Tbk /
Taisho Pharmaceutical Indonesia Tbk 99 99 99.00 99 0 0 0.00 0 1 1 1.00 1 3.593 3.597 2.974
8
Cahaya Kalbar Tbk / Wilmar Cahaya
Indonesia Tbk 87.02 87.02 87.02 92.01 0 0 0.00 0 12.98 12.98 12.98 7.99 1.249 1.022 0.851
9 Centex Saham Seri B Tbk 91 91 91.00 91 0 0 0.00 0 9 9 9.00 9 0.937 0.966 0.923
10 Davomas Abadi Tbk 79.85 79.85 79.85 80.26 0 0 0.00 0 20.17 20.15 20.15 19.74 1.062 0.983 0.917 11 Eratex Djaja Tbk 60.68 72.77 85.56 85.55 0 0 0.00 0 39.32 27.23 13.93 14.45 2.705 2.840 1.739 12 Eterindo Wahanatama Tbk 66.35 48.15 48.15 48.15 0.06 0.06 0.08 0.08 25.92 44.12 44.10 44.1 0.876 0.849 1.065 13 Hanson International Tbk 7 17.28 16.96 11.62 0 0 0 0 80 64.92 65.12 61.48 0.453 9.668 2.823 14 Indah Kiat Pulp & Paper Tbk 53.72 52.72 52.72 52.72 0 0 0 0 47.28 47.28 47.28 47.28 0.677 0.830 0.797 15 Indal Alumunium Industry Tbk 65.85 65.86 65.86 65.86 0 0 0 0 34.11 34.14 34.14 34.14 0.937 0.942 0.962 16 Indo Acidatama Tbk 85.32 85.32 77.99 77.99 0 0 12.08 11.59 14.68 14.68 9.93 9.94 1.447 1.365 1.202 17 Indofarma (Persero) Tbk 80.66 80.66 81.00 80.66 0.01 0 0 0 19.33 19.33 19.00 19.34 0.943 0.914 0.907 18 Indorama Synthetics Tbk 59.63 64.23 59.18 59.18 0 0 0 0 40.37 35.77 40.82 40.82 0.592 0.709 0.773
19 Inter Delta Tbk 74.5 74.5 74.50 74.5 0 0 0 0 20.27 16.98 16.98 16.98 2.535 1.953 1.599
20 Intikeramik Alamasri Industri Tbk 74.28 78.74 78.74 78.74 3.67 3.03 3.03 3.03 22.05 18.23 18.23 18.23 1.534 0.621 0.678 21 Jakarta Kyoei Steel Works Tbk 59.23 59.23 59.23 59.23 1.33 1.33 1.33 1.33 39.44 39.44 39.44 39.44 2.566 2.394 2.382 22 Jaya Pari Steel Tbk 68.42 68.42 68.42 68.42 15.53 15.53 15.53 15.53 16.05 16.05 16.05 16.05 0.794 1.328 1.059 23 Kedaung Indah Can Tbk 75.02 75.02 75.02 82.55 4.6 0 0.23 0.23 20.38 20.38 20.15 17.22 0.404 0.553 0.549 24 Kedawung Setia Industrial Tbk 74.81 49.13 75.68 75.68 0 0 0 0 25.19 43.98 17.60 18.99 0.681 0.712 0.694 25 Keramika Indonesia Assosiasi Tbk 96.9 96.93 98.26 98.26 0 0 0 0 3.1 3.07 1.74 1.74 1.695 1.420 0.786 26 KMI Wire and Cable Tbk 81.44 71.72 71.72 73.72 0 0 0 0 18.56 28.28 28.28 26.28 0.702 0.712 0.479 27 Langgeng Makmur Industri Tbk 77.53 77.53 77.53 83.27 0.01 0.01 0.01 0.01 22.45 22.45 22.45 16.71 0.629 0.750 0.683
xi
28 Mulia industrindo Tbk 67.25 67.25 67.25 67.25 0.04 0.04 0.06 0.06 32.71 32.71 32.69 32.69 2.222 1.230 0.95429 Multi Prima Sejahtera Tbk 29.71 29.71 86.27 39.45 0 0 0 0 70.29 70.29 13.73 60.55 0.496 0.731 19.699 30 Nipress Tbk 37.11 37.11 37.11 37.11 12.4 12.4 8.45 6.95 38.49 44.39 38.48 38.44 0.688 0.797 0.807
31
Panasia Indosyntec Tbk / Panasia Indo
resources 84.38 89.91 89.91 89.91 3.66 2.38 2.38 2.38 11.96 7.71 7.71 7.71 0.508 12.048 9.256 32 Perdana Bangun Pusaka Tbk 72.87 72.87 72.87 72.87 5.58 0 5.58 5.58 21.55 21.55 21.55 21.55 1.499 0.812 0.829
33 Pioneerindo Gourmet International Tbk 92.79 87.67 87.66 87.67 0 0 0 0 7.21 12.33 12.34 12.33 0.836 1.168 1.616 34 Polychem Indonesia Tbk 89.92 86.38 79.65 79.65 0 0 0 0 10.08 13.62 20.35 20.35 0.847 0.890 0.935
35
Asia Pacific Fiber Tbk / Polysindo Eka
Perkasa Tbk 65.95 71.18 67.85 63.11 0 0 0 0 34.05 28.82 32.15 36.89 2.793 3.127 3.284
36 Prasidha Aneka Niaga Tbk 76.86 72.09 72.10 72.1 0.26 1.65 1.65 1.65 7.34 7.34 7.33 7.33 0.959 0.813 1.570 37 Prima Alloy Steel Tbk 45.24 45.24 45.24 45.24 6.43 5.91 5.91 5.91 48.33 48.85 48.85 48.85 0.980 0.826 0.871 38 Primarindo Asia Infrastructure Tbk 88.85 88.96 88.96 89.05 0 0 0 0 11.15 11.04 11.04 10.95 8.062 4.097 3.926 39 Pyridam Farma Tbk 53.85 53.85 53.85 53.85 23.08 23.08 23.08 23.08 23.07 23.07 23.07 23.07 0.858 0.908 1.100 40 Ricky Putra Globalindo Tbk 48.04 48.04 48.04 48.04 0 0 0 0 51.96 51.96 51.96 51.96 0.663 0.638 0.638 41 Roda Vivatex Tbk 81.47 80.73 81.96 81.96 0 0 1.03 1.03 18.53 19.27 17.01 17.01 0.758 0.824 0.905 42 Sat Nusapersada Tbk 22.07 22.07 22.07 22.07 70 70 70.00 3.53 7.93 7.93 7.93 7.93 0.687 0.604 0.590
43
Schering Plough Indonesia Tbk / Merck
Sharp & dohme Indonesia Tbk 89.2 89.2 89.20 89.2 0 0 0 0 10.8 10.8 10.80 10.8 1.585 1.532 1.219 44 Sekawan Intipratama Tbk 72.83 72.83 72.83 72.83 0 0 0 0 27.17 27.17 27.17 27.17 0.645 0.685 0.733 45 Siantar Top Tbk 56.76 56.76 56.76 56.76 3.1 4.24 4.24 4.24 35.84 39 39.00 39 0.860 1.088 1.443 46 Siwani Makmur Tbk 56.37 56.37 56.24 79.57 0 0 0 0 34.98 34.98 35.11 16.38 0.859 1.017 1.688 47 Sunson Textile Manufacture Tbk 69.53 53.74 53.00 55.52 7.66 7.51 8.00 5.73 22.81 38.75 39.00 38.75 0.977 0.932 0.895
48 Suparma Tbk 85.25 85.3 85.30 85.3 0 0 0 0 14.75 14.7 14.70 14.7 0.733 0.748 0.747
49 Surabaya Agung Industry Pulp Tbk 88.79 92.02 92.02 92.02 0 0 0 0 11.21 7.98 7.98 7.98 1.498 1.556 1.022 50 Tiga Pilar Sejahtera Food Tbk 72.88 56.14 54.28 48.48 0 0 0 0 27.12 43.86 45.72 51.52 0.961 1.116 0.806 51 Tira Austenite Tbk 96.43 96.43 96.43 96.43 0 0 0 0.04 3.57 3.57 3.57 3.53 1.096 1.030 1.022 52 Tirta Mahakam Resources Tbk 79.1 79.19 79.19 80.19 0 0.13 0.14 0.14 20.9 20.68 20.67 20.67 0.886 0.906 0.895
53
Titan Kimia Nusantara Tbk / Lotte
Chemical Titan Tbk 90.4 95.31 95.31 95.31 0 0 0 0 9.6 4.69 4.69 4.69 0.863 0.834 0.923
54 Toba Pulp Lestari Tbk 90.6 90.6 90.60 90.6 0 0 0 0 9.4 9.4 9.40 9.4 0.680 0.928 1.239
xii
20123.373
4.195 1.339 1.063 0.686 1.088
4.958
xi
0.8591.161 0.747
33.315 0.882
3.071 0.711
2.980 0.832 0.774 3.650 1.052 0.697 0.990 0.617
1.216 0.817 1.637 1.563 0.842 0.792 1.050 1.116 0.978 0.949
xvii
Lampiran 2 Data Olahan
Descriptives
NPar Tests
De scri ptive Statistics
104 22.07 96.90 67.1367 16.39907
104 .00 70.00 4.8519 12.61671
104 3.10 51.96 25.6513 13.36735
104 .59 1.74 1.0050 .29445
104
N Minimum Maximum Mean St d. Deviat ion
One-Sample Kolmogorov-Smirnov Test
224 Std. Deviation Normal Parametersa,b
Absolute Positive Negative Most Extreme
Differences
Kolmogorov-Smirnov Z As ymp. Sig. (2-tailed)
Unstandardiz ed Res idual
Test distribution is Normal. a.
xviii
NPar Tests
Regression
One-Sample Kolmogorov-Smirnov Test
104 Std. Deviation Normal Parametersa,b
Absolute Positive Negative Most Extreme
Differences
Kolmogorov-Smirnov Z As ymp. Sig. (2-tailed)
Unstandardiz ed Res idual
Test distribution is Normal. a.
Calculated from data. b.
Descriptive Statistics
.1458 .12930 36
4.1175 .33819 36
1.0396 2.21032 36
2.9569 .52575 36
abs2 ln_io ln_mo ln_po
xix
Correlations1.000 .294 -.065 -.091
.294 1.000 -.556 .312
-.065 -.556 1.000 -.365
-.091 .312 -.365 1.000
. .041 .353 .299 Pearson Correlation
Sig. (1-tailed)
N
abs2 ln_io ln_mo ln_po
Va riables Entere d/Re movedb
ln_po, ln_
Removed Method
All reques ted variables ent ered. a.
xx
Model Summary.359a .129 .047 .12622
Model 1
R R Square
Adjusted R Square
Std. Error of the Estimate
Predictors: (Constant), ln_po, ln_io, ln_mo a.
ANOV Ab
.075 3 .025 1.577 .214a
.510 32 .016
.585 35
Regres sion Residual Total Model 1
Sum of
Squares df Mean S quare F Sig.
Predic tors: (Constant), ln_po, ln_io, ln_mo a.
Dependent Variable: abs2 b.
Coefficientsa
-.360 .332 -1.084 .286
.154 .077 .402 2.005 .053
.005 .012 .092 .450 .656
-.045 .044 -.182 -1.019 .316
(Constant)
B Std. Error Unstandardized
xxi
Regression
Descriptive Statistics
-.0471 .24238 36
4.1175 .33819 36
1.0396 2.21032 36
2.9569 .52575 36
ln_tobinsq ln_io ln_mo ln_po
Mean Std. Deviation N
Correlations
1.000 .568 -.190 .082
.568 1.000 -.556 .312
-.190 -.556 1.000 -.365
.082 .312 -.365 1.000
. .000 .133 .317 Pearson Correlation
Sig. (1-tailed)
N
xxii
Va riables Entere d/Re movedbln_po, ln_
Removed Method
All reques ted variables ent ered. a.
Dependent Variable: ln_tobinsq b.
Model Summaryb
.592a .350 .289 .20433 1.103
Model 1
R R Square
Adjusted R Square
Std. Error of the Estimate
Durbin-Watson
Predictors: (Constant), ln_po, ln_io, ln_mo a.
Dependent Variable: ln_tobinsq b.
ANOV Ab
.720 3 .240 5.749 .003a
1.336 32 .042
2.056 35
Regres sion Residual Total Model 1
Sum of
Squares df Mean S quare F Sig.
Predic tors: (Constant), ln_po, ln_io, ln_mo a.
xxiii
Coefficientsa-1.979 .538 -3.679 .001
.488 .124 .681 3.932 .000 .568 .571 .560 .677 1.477
.018 .019 .163 .921 .364 -.190 .161 .131 .650 1.538
-.033 .071 -.071 -.457 .651 .082 -.081 -.065 .850 1.177
(Constant)
B Std. Error Unstandardized
Coefficients
Beta Standardized
Coefficients
t Sig. Zero-order Partial Part Correlations
Tolerance VIF Collinearity Statistics
Dependent Variable: ln_tobins q a.
Coefficient Correlationsa
1.000 -.141 .243
-.141 1.000 .500
.243 .500 1.000
.005 -.001 .000
-.001 .015 .001
.000 .001 .000
ln_po
ln_po ln_io ln_mo
xxiv
Regression
Collinearity Diagnostics a
3.193 1.000 .00 .00 .01 .00
.788 2.012 .00 .00 .61 .00
.017 13.767 .04 .05 .05 .99
.002 38.173 .96 .95 .33 .01
Dimension 1
2 3 4 Model 1
Eigenvalue
Condition
Index (Constant) ln_io ln_mo ln_po Variance Proportions
Dependent Variable: ln_tobinsq a.
Residuals Statisticsa
-.4603 .1171 -.0471 .14344 36
-.36659 .39797 .00000 .19538 36
-2.881 1.144 .000 1.000 36
-1.794 1.948 .000 .956 36
Predicted Value Residual
Std. Predicted Value Std. Residual
Minimum Maximum Mean Std. Deviation N
xxv
Descriptive Statistics
-.0471 .24238 36
4.1175 .33819 36
1.0396 2.21032 36
2.9569 .52575 36
ln_tobinsq ln_io ln_mo ln_po
Mean Std. Deviation N
Correlations
1.000 .568 -.190 .082
.568 1.000 -.556 .312
-.190 -.556 1.000 -.365
.082 .312 -.365 1.000
. .000 .133 .317 Pearson Correlation
Sig. (1-tailed)
N
xxvi
Va riables Entere d/Re movedbln_po, ln_
Removed Method
All reques ted variables ent ered. a.
Dependent Variable: ln_tobinsq b.
Model Summary
.592a .350 .289 .20433
Model 1
R R Square
Adjusted R Square
Std. Error of the Estimate
Predictors: (Constant), ln_po, ln_io, ln_mo a.
ANOV Ab
.720 3 .240 5.749 .003a
1.336 32 .042
2.056 35
Regres sion Residual Total Model 1
Sum of
Squares df Mean S quare F Sig.
Predic tors: (Constant), ln_po, ln_io, ln_mo a.
xxvii
Coefficientsa-1.979 .538 -3.679 .001
.488 .124 .681 3.932 .000
.018 .019 .163 .921 .364
-.033 .071 -.071 -.457 .651
(Constant) ln_io ln_mo ln_po Model
1
B Std. Error Unstandardized
Coefficients
Beta Standardized
Coefficients
t Sig.