Lampiran 1
Daftar Populasi Dan Sampel Perusahaan Indonesia Yang Melakukan Stock Split
NO NAMA EMITEN KRITERIA SAMPEL
1 2 3
1 Multipolar Tbk √ X √
2 Ciputra Development Tbk √ √ √ 1
3 Tunas Radean Tbk √ √ √ 2
4 Intiland Development Tbk √ √ √ 3 5 Kertas Basuki Rachmat Tbk √ X √ 6 Charoen Pokphan Indonesia Tbk √ √ √ 4 7 Bank Rakyat Indonesia (Persero) Tbk √ √ √ 5 8 London Sumatera Plantation Tbk √ √ √ 6 9 Bank Tabungan Pensiunan Nasional Tbk √ √ √ 7
10 Intraco Penta Tbk √ √ √ 8
11 Pan Brothers Tbk √ √ √ 9
12 Malindo Feedmill Tbk √ √ √ 10
13 Astra Otopart Tbk √ √ √ 11
14 Lippo Securities Tbk √ X √
15 Surya Semesta Internusa Tbk √ √ √ 12 16 Jasuindo Tiga Perkasa Tbk √ √ √ 13
17 Metro Realty Tbk √ √ √ 14
18 Samindo Resources Tbk √ X √
19 Central Omega Resources Tbk √ √ X
20 Smartfren Telecom Tbk √ X √
21 Petrosea Tbk √ √ √ 15
22 Pakuwon Jati Tbk √ √ √ 16
23 Hero Supermarket Tbk √ X √
24 Astra International Tbk √ √ √ 17 25 Indomobil Sukses Internasional Tbk √ √ √ 18
26 Indospring Tbk √ X √
27 Modern Internasional Tbk √ √ √ 19 28 Central Omega Resources Tbk √ √ √ 20 29 Kresna Graha Sekurindo Tbk √ √ √ 21 30 Indosiar Karya Media Tbk √ √ X
31 Kalbe Farma Tbk √ √ √ 22
32 Ace Hardware Indonesia Tbk √ √ √ 23
NO NAMA EMITEN KRITERIA SAMPEL 1 2 3
37 Sumber Alfaria Trijaya Tbk √ √ √ 27
38 Jaya Real Property Tbk √ √ √ 28
39 Telekomunikasi Indonesia Tbk √ √ √ 29
40 Sepatu Bata Tbk √ √ √ 30
41 Jaya Konstruksi Tbk √ √ √ 31
42 Alumindo Light Metal Industry Tbk. √ √ √ 32 43 Indal Aluminium Insudtry Tbk √ √ √ 33 44 Surya Toto Indonesia Tbk √ √ √ 34 45 Centris Multipersada Pratama Tbk. √ √ X 46 Multi Bintang Indonesia Tbk. √ X √
Lampiran 2
Daftar Populasi Dan Sampel Perusahaan Malaysia Yang Melakukan Stock Split
NO NAMA EMITEN KRITERIA SAMPEL
1 2 3
1 Magna Prima Bhd √ √ √ 35
2 Hup Seng Industries Bhd √ √ √ 36
3 Rubberex Corp. M Bhd √ √ √ 37
4 Hai-O Enterprise Bhd √ √ X
5 Global Carriers Bhd √ √ X
6 Innoprise Plantations Bhd √ X √
7 Slp Resources Berhad √ √ √ 38
8 Voir Holdings Berhad √ √ √ 39
9 Seg International Bhd √ √ X
10 Pacific & Orient Bhd √ √ √ 40 11 Yee Lee Corporation Bhd √ √ √ 41
12 Tomypak Holdings Bhd √ X √
13 Yokohama Industries Berhad √ √ X
14 Berjaya Land Bhd √ √ X
15 Knm Group Bhd √ X √
16 Padini Holdings Berhad √ √ √ 42
17 Ql Resources Bhd √ √ √ 43 18 Kulim (M) Bhd √ √ √ 44 19 Ytl Corporation Bhd √ √ √ 45 20 Ark Resources Bhd √ X √ 21 Paramount Corporation Bhd √ √ √ 46 22 Mitrajaya Holdings Bhd √ X √ 24 Glomac Bhd √ √ √ 47
NO NAMA EMITEN KRITERIA SAMPEL 1 2 3
25 Triplc Bhd √ X √
26 Digi.Com Bhd √ X √
27 Y&G Corporation Bhd √ X √ 28 Malayan Flour Mills Bhd √ √ √ 48
29 Lion Corporation Bhd √ X √ 30 Smpc Corporation Bhd √ X √ 31 Luster Industries Bhd √ √ X 32 Sanichi Technology Bhd √ X √ 33 Pharmaniaga Bhd √ X √ 34 Tdm Bhd √ √ √ 49 35 Jobstreet Corporation Bhd √ X √ 36 Prolexus Bhd √ √ √ 50
37 Tiong Nam Logistics Holdings √ √ √ 51 38 Gd Express Carrier Bhd √ X √ 39 Datasonic Group Berhad √ √ √ 52
40 Kretam Holdings Bhd √ √ X
47 Kumpulan Jetson Bhd √ √ √ 53
48 Wellcall Holdings Bhd √ X √ 49 Hup Seng Industries Bhd √ X √ 50 Ideal Sun City Holdings Berhad X √ √
51 Oka Corporation Bhd √ √ √ 54
52 Ken Holdings Berhad √ √ √ 55
53 Cahya Mata Sarawak Bhd X √ √
54 Aeon Com Bhd √ X √ 55 Kovest Bhd √ √ X 56 Deleum Ghd √ √ √ 56 57 Yinson Holdings Bhd √ √ √ 57 58 Vti Vintage Bhd √ √ X 59 Bonia Corporation Bhd √ √ X 60 I-Bhd √ √ √ 58 61 Narra Industries Bhd √ √ X
62 Century Logistics Holdings Bhd √ √ √ 59 63 Fima Corporation Bhd √ √ √ 60 64 Integrated Rubber Corporation √ √ X
Lampiran 3
Daftar Sampel Perusahaan Indonesia Yang Melakukan Stock Split
NO NAMA EMITEN KODE SAHAM
1 Ciputra Development Tbk CTRA
2 Tunas Radean Tbk TURI
3 Intiland Development Tbk DILD
4 Charoen Pokphan Indonesia Tbk CPIN 5 Bank Rakyat Indonesia (Persero) Tbk BBRI 6 London Sumatera Plantation Tbk LSIP 7 Bank Tabungan Pensiunan Nasional Tbk BTPN
8 Intraco Penta Tbk INTA
9 Pan Brothers Tbk PBRX
10 Malindo Feedmill Tbk MAIN
11 Astra Otopart Tbk AUTO
12 Surya Semesta Internusa Tbk SSIA 13 Jasuindo Tiga Perkasa Tbk JTPE
14 Metro Realty Tbk MTSM
15 Petrosea Tbk PTRO
16 Pakuwon Jati Tbk PWON
17 Astra International Tbk ASII
18 Indomobil Sukses Internasional Tbk IMAS
19 Modern Internasional Tbk MDRN
20 Central Omega Resources Tbk DKFT 21 Kresna Graha Sekurindo Tbk KREN
22 Kalbe Farma Tbk KLBF
23 Ace Hardware Indonesia Tbk ACES
24 Japfa Comfeed Tbk JPFA
25 Arwana Citra Mulia Tbk ARNA
26 Sarana Menara Nusantara Tbk TOWR 27 Sumber Alfaria Trijaya Tbk AMRT
28 Jaya Real Property Tbk JRPT
29 Telekomunikasi Indonesia Tbk TLKM
30 Sepatu Bata Tbk BATA
31 Jaya Konstruksi Tbk JKON
32 Alumindo Light Metal Industry Tbk. ALMI 33 Indal Aluminium Insudtry Tbk INAI
Lampiran 4
Daftar Sampel Perusahaan Malaysia Yang Melakukan Stock Split
NO NAMA EMITEN KODE SAHAM
35 Magna Prima Bhd 7617.KL
36 Hup Seng Industries Bhd 5024.KL
37 Rubberex Corp. M Bhd 7803.KL
38 Slp Resources Berhad 7248.KL
39 Voir Holdings Berhad 7240.KL
40 Pacific & Orient Bhd 6009.KL
41 Yee Lee Corporation Bhd 5584.KL
42 Padini Holdings Berhad 7052.KL
43 Ql Resources Bhd 7084.KL
44 Kulim (M) Bhd 2003.KL
45 Ytl Corporation Bhd 4677.KL
46 Paramount Corporation Bhd 1724.KL
47 Glomac Bhd 5020.KL
48 Malayan Flour Mills Bhd 3662.KL
49 Tdm Bhd 2054.KL
50 Prolexus Bhd 8966.KL
51 Tiong Nam Logistics Holdings 8397.KL
52 Datasonic Group Berhad 5216.KL
53 Kumpulan Jetson Bhd 9083.KL
54 Oka Corporation Bhd 7140.KL
55 Ken Holdings Berhad 7323.KL
56 Deleum Ghd 5132.KL
57 Yinson Holdings Bhd 7293.KL
58 I-Bhd 4251.KL
59 Century Logistics Holdings Bhd 7117.KL
60 Fima Corporation Bhd 3107.KL
Lampiran 5
Daftar Sampel Perusahaan Indonesia Yang Tidak Melakukan Stock Split
NO NAMA EMITEN KODE SAHAM
1 Bakrieland Development Tbk ELTY
2 Tigaraksa Satria Tbk TGKA
3 MNC Land Tbk GLOBAL
4 Elnusa Tbk ELSA
5 Bank Mandiri (Persero) Tbk BMRI
6 Tunas Baru Lampung Tbk TBLA
7 Sinar Mas Multiartha Tbk SMMA
8 AGIS Tbk / Sigmagold Inti Per Tbk TMPI 9 Sunson Textile Manufacture Tbk SSTM
10 Sierad Produce Tbk SIPD
11 Multistrada Arah Sarana Tbk MASA 12 Nusa Konstruksi Enjiniring Tbk DGIK
13 Fortune Indonesia Tbk FORU
14 Permata Prima Sakti Tbk TKGA
15 Darma Henwa Tbk DEWA
16 Duta Pertiwi Tbk DUTI
17 Bank Danamon Indonesia Tbk BDMN
18 Gajah Tunggal Tbk GJTL
19 Ancora Indonesia Resources Tbk OKAS 20 Cita Mineral Investindo Tbk CITA
21 Trimegah Securities Tbk TRIM
22 Unilever Indonesia Tbk UNVR
23 Fast Food Indonesia Tbk FAST
24 Holcim Indonesi Tbk SMCB
25 Intikeramik Alamasri Industri Tbk IKAI
26 Bakrie Telecom Tbk BTEL
27 Matahari Putra Prima Tbk MPPA
28 Modernland Realty Tbk MDLN
29 Bank Internasional Indonesia Tbk BNII 30 Prima Alloy Steel Universal Tbk PRAS
31 Total Bangun Persada Tbk TOTL
32 Asahimas Flat Glass Tbk AMFG
33 Pelangi Indah Canindo Tbk PICO
Lampiran 6
Daftar Sampel Perusahaan Malaysia Yang Tidak Melakukan Stock Split
NO NAMA EMITEN KODE SAHAM
35 Damansara Realty Berhad 3484.KL
36 Oriental Food Industries Holdings Berhad 7107.KL 37 Amway (Malaysia) Holdings Berhad 6351.KL
38 Nwp Holdings Berhad 5125.KL
39 Ums Holdings Berhad 7137.KL
40 Lpi Capital Berhad 8621.KL
41 Huat Lai Resources Berhad 7141.KL
42 Dutch Lady Milk Industries Berhad 3026.KL 43 Carlsberg Brewery Malaysia Berhad 2836.KL 44 Hap Seng Plantations Holdings Berhad 5138.KL
45 Mmc Corporation Berhad 2194.KL
46 Naim Holdings Berhad 5073.KL
47 Lbs Bina Group Berhad 5789.KL
48 Farm's Best Berhad 9776.KL
49 Bld Plantation Berhad 5069.KL
50 Paragon Union Berhad 9407.KL
51 Kub Malaysia Berhad 6874.KL
52 Uzma 7250.KL
53 Mitrajaya Holdings Berhad 9571.KL
54 Thong Guan Industries Berhad 7034.KL
55 A & M Realty Berhad 5959.KL
56 Marco Holdings Berhad 3514.KL
57 China Automobile Parts Holdings Limited 5229.KL 58 Matrix Concepts Holdings Berhad 5236.KL
59 Daya Materials Berhad 0091.KL
60 Johore Tin Berhad 7167.KL
Lampiran 7 : Pengujian Univariate Sampel Indonesia t-test
Group Statistics
SS N Mean Std. Deviation Std. Error Mean
Ln_EPS
tidak melakukan stock split 34 2,84843 2,454345 ,420917 melakukan stock split 34 5,43951 1,640791 ,281393 Ln_PER tidak melakukan stock split 34 2,71416 1,272817 ,218286
melakukan stock split 34 2,72606 ,622663 ,106786
Ln_PBV
tidak melakukan stock split 34 ,28433 ,846077 ,145101
melakukan stock split 34 ,96813 ,706969 ,121244
Independent Samples Test
Levene's Test for Equality of Variances
t-test for Equality of Means
F Sig. t Df Sig. (2-tailed) Mean Difference Std. Error Difference 95% Confidence Interval of the Difference Lower Upper Ln_EPS Equal variances assumed 10,919 ,002 -5,118 66 ,000 -2,591082 ,506313 -3,601969 -1,580195 Equal variances not assumed -5,118 57,586 ,000 -2,591082 ,506313 -3,604733 -1,577431 Ln_PER Equal variances assumed 5,646 ,020 -,049 66 ,961 -,011904 ,243006 -,497082 ,473274 Equal variances not assumed -,049 47,939 ,961 -,011904 ,243006 -,500517 ,476709 Ln_PBV Equal variances assumed ,316 ,576 -3,616 66 ,001 -,683803 ,189088 -1,061330 -,306276 Equal variances not assumed -3,616 63,979 ,001 -,683803 ,189088 -1,061553 -,306053
Lampiran 8 : Pengujian Multivariate Sampel Indonesia Tahap Pertama Logistic Regression
Variables in the Equation
B S.E. Wald df Sig. Exp(B) 95% C.I.for EXP(B)
Lower Upper Step 1a Ln_EPS ,573 ,215 7,079 1 ,008 1,774 1,163 2,706 Ln_PER ,369 ,426 ,751 1 ,386 1,446 ,628 3,330 Ln_PBV ,358 ,472 ,576 1 ,448 1,431 ,567 3,610 Constant -3,705 1,778 4,344 1 ,037 ,025
a. Variable(s) entered on step 1: Ln_EPS, Ln_PER, Ln_PBV.
Lampiran 9 : Pengujian Multivariate Sampel Indonesia Tahap Kedua Variables in the Equation
B S.E. Wald df Sig. Exp(B) 95% C.I.for EXP(B)
Lower Upper Step 1a Ln_EPS ,677 ,188 12,990 1 ,000 1,967 1,362 2,842 Ln_PER ,495 ,421 1,379 1 ,240 1,640 ,718 3,747 Constant -4,285 1,782 5,785 1 ,016 ,014
a. Variable(s) entered on step 1: Ln_EPS, Ln_PER.
Lampiran 10 : Pengujian Multivariate Sampel Indonesia Tahap Ketiga
Variables in the Equation
B S.E. Wald df Sig. Exp(B) 95% C.I.for EXP(B)
Lower Upper
Step 1a
Ln_EPS ,598 ,160 13,967 1 ,000 1,819 1,329 2,490
Constant -2,563 ,773 10,999 1 ,001 ,077
Lampiran 11 : Pengujian Univariate Sampel Malaysia t-test
Group Statistics
SS N Mean Std. Deviation Std. Error Mean
LN_EPS
tidak melakukan stock split 27 -1,004097 1,0656829 ,2050908 melakukan stock split 27 -1,306409 ,9484450 ,1825283 LN_PER tidak melakukan stock split 27 1,490431 1,1390765 ,2192154 melakukan stock split 27 2,061970 ,9762373 ,1878770 LN_PBV
tidak melakukan stock split 27 ,233181 ,8438625 ,1624014 melakukan stock split 27 ,054815 ,7729729 ,1487587
Independent Samples Test
Levene's Test for Equality of Variances
t-test for Equality of Means
F Sig. t df Sig. (2-tailed) Mean Difference Std. Error Difference 95% Confidence Interval of the Difference Lower Upper LN_EPS Equal variances assumed 1,652 ,204 1,101 52 ,276 ,3023122 ,2745520 -,2486168 ,8532411
Equal variances not
assumed 1,101 51,309 ,276 ,3023122 ,2745520 -,2487933 ,8534177 LN_PER Equal variances assumed ,003 ,959 -1,980 52 ,053 -,5715397 ,2887094 -1,1508775 ,0077982 Equal variances not
assumed -1,980 50,810 ,053 -,5715397 ,2887094 -1,1512008 ,0081214 LN_PBV Equal variances assumed ,023 ,879 ,810 52 ,422 ,1783662 ,2202348 -,2635673 ,6202997
Equal variances not
Lampiran 12 : Pengujian Multivariate Sampel Malaysia Tahap Pertama Logistic Regression
Variables in the Equation
B S.E. Wald df Sig. Exp(B) 95% C.I.for
EXP(B) Lower Upper Step 1a LN_EPS ,119 ,366 ,105 1 ,746 1,126 ,550 2,307 LN_PER ,903 ,452 3,983 1 ,046 2,467 1,016 5,989 LN_PBV -,732 ,460 2,532 1 ,042 ,481 ,195 1,185 Constant -1,326 ,726 3,336 1 ,068 ,266
a. Variable(s) entered on step 1: LN_EPS, LN_PER, LN_PBV.
Lampiran 13 : Pengujian Multivariate Sampel Malaysia Tahap Kedua
Variables in the Equation
B S.E. Wald df Sig. Exp(B) 95% C.I.for
EXP(B) Lower Upper Step 1a LN_PER ,837 ,400 4,377 1 ,036 2,309 1,054 5,059 LN_PBV -,669 ,416 2,581 1 ,038 ,512 ,226 1,159 Constant -1,359 ,718 3,580 1 ,058 ,257
