Faktor-Faktor yang Mempengaruhi Kebijakan Dividen Pada Perusahaan Pertambangan Terbuka di Bursa Efek Indonesia

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LAMPIRAN 1

DAFTAR POPULASI DAN SAMPEL PERUSAHAAN PERTAMBANGAN

Kode Nama Perusahaan Kriteria Sampel

1 2 3 4

ADRO Adaro Energy Tbk 1

ARII Atlas Resources Tbk

ATPK ATPK Resources Tbk

BORN Borneo Lumbung Energy & Metal Tbk

BRAU Berau Coal Energy Tbk

BSSR Baramulti Suksessarana Tbk

BUMI Bumi Resources Tbk

BYAN Bayan Resources Tbk

DEWA Darma Henwa Tbk

DOID Delta Dunia Makmur Tbk

GEMS Golden Energy Mines Tbk 2

GTBO Garda Tujuh Buana Tbk

HRUM Harum Energy Tbk 3

ITMG Indo Tambangraya Megah Tbk 4

KKGI Resource Alam Indonesia Tbk

MBAP Mitrabara Adiperdana Tbk

MYOH Samindo Resources Tbk

PKPK Perdana Karya Perkasa Tbk

PTBA Tambang Batubara Bukit Asam Tbk 5

PTRO Petrosea Tbk 6

SMMT Golden Eagle Energy Tbk

TOBA Toba Bara Sejahtera Tbk

ARTI Ratu Prabu Energy Tbk

BIPI Benakat Petroleum Energy Tbk

ELSA Elnusa Tbk

₇

ENRG Energi Mega Persada Tbk

ESSA Surya Esa Perkasa Tbk

MEDC Medco Energi Internasional Tbk

RUIS Radiant Utama Interinsco Tbk 8

ANTM Aneka Tambang (Persero) Tbk

CITA Cita Mineral Investindo Tbk

CKRA Citra Kebun Raya Agri Tbk

DKFT Central Omega Resources Tbk

INCO Vale Indonesia Tbk

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Lanjutan Lampiran 1

Kode Nama Perusahaan Kriteria Sampel

1 2 3 4

SMRU SMR Utama Tbk

TINS Timah (Persero) Tbk 9

CTTH Citatah Tbk

MITI Mitra Investindo Tbk

LAMPIRAN 2

Current Ratio pada Perusahaan Pertambangan

Terbuka Tahun 2011-2015

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Lanjutan Lampiran 2

No Nama Perusahaan Tahun Aktiva Lancar Hutang Lancar Current Ratio

2011 538.854.694.112 406.632.108.285 _1,33

2012 524.223.961.383 604.913.733.248 _0,87

2013 514.059.256.888 645.157.795.731 _0,80

2014 561.014.240.266 728.273.748.903 _0,77

2015 528.077.439.167 651.582.818.206 _0,81

9 TINS

Debt to Total Asset pada Perusahaan Pertambangan

Terbuka Tahun 2011-2015

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Lanjutan Lampiran 3

No Nama Perusahaan Tahun Total Hutang Total Aset Debt to Total Asset

5 HRUM

2011 120.000.769 507.686.472 0,24 2012 109.999.862 538.639.301 0,20

2013 85.645.546 480.621.137 0,18 2014 82.138.174 444.106.858 _0,18

2015 45.159.139 408.205.682 0,11

6 GEMS

2011 32.031.563 3.302.301.908 14,36

2012 65.215.532 3.440.326.009 15,63 2013 58.020.786 2.393.567.309 _17,10

2014 67.581.886 1.315.639.491 0,05

2015 92.155.683 1.369.667.295 0,09

7 Elnusa Tbk

2011 2.485.125 4.389.950 _0,57

2012 2.252.312 4.294.557 0,52

2013 2.118.153 4.377.762 0,48 2014 1.707.426 4.256.884 0,40 2015 1.772.327 4.407.513 _0,40

8 RUIS

2011 771.026.994.202 985.922.224.185 0,78

2012 933.324.871.170 1.176.578.647.723 0,79 2013 1.016.044.813.478 1.277.942.893.245 0,80 2014 962.876.563.256 1.266.471.770.861 _0,76

2015 753.340.426.009 1.091.753.891.437 0,69

9 TINS

2011 1.972.012 6.569.807 0,30 2012 1.542.807 6.101.007 _0,25

2013 4.020.647 7.883.294 0,51

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LAMPIRAN 4

Debt to Equity Ratio pada Perusahaan Pertambangan

Terbuka Tahun 2011-2015

No Nama Perusahaan Tahun Total Hutang Total Ekuitas

Debt to

2011 120.000.769 387.685.703 0,31 2012 109.999.862 428.639.439 0,26 2013 85.645.546 394.975.591 0,22 2014 82.138.174 444.106.858 0,18 2015 45.159.139 408.205.682 0,11

6 GEMS

2011 32.031.563 240.269.876 4,01 2012 65.215.532 201.460.793 5,72 2013 58.020.786 268.975.546 9,81 2014 67.581.886 248.057.605 0,27 2015 92.155.683 247.511.612 0,49

7 ELSA

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Lanjutan Lampiran 4

Return on Asset pada Perusahaan Pertambangan

Terbuka Tahun 2011-2015

No Nama Perusahaan Tahun

Laba Setelah

Pajak

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Lanjutan Lampiran 5

No Nama Perusahaan Tahun Laba Setelah

Pajak Total Aktiva

Return on Assets

6 GEMS

2011 4.538.050 3.302.301.908 _0,08

2012 4.664.317 3.440.326.009 _0,09

2013 4.309.899 2.393.567.309 _0,04

2014 4.195.019 1.315.639.491 _0,07

2015 4.671.981 1.369.667.295 _0,00

7 ELSA

2011 3.954.069 985.922.224.185 _0,03

2012 2.597.997 1.176.578.647.723 _0,03

2013 2.930.594 1.277.942.893.245 _0,04

2014 3.285.029 1.266.471.770.861 _0,01

2015 3.859.016 1.091.753.891.437 _0,07

9 TINS

Return on Equity pada Perusahan Pertambangan

Terbuka Tahun 2011-2015

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Lanjutan Lampiran 6

No Nama Perusahaan Tahun Laba Bersih Total Ekuitas Return on Equity

2011 200.516.668 387.685.703 0,52 2012 161.670.125 428.639.439 0,38 2013 49.580.100 394.975.591 0,13 2014 12.234.949 444.106.858 0,03 2015 22.134.562 408.205.682 0,05

6 GEMS

2011 301.659.878.383 240.269.876 _6,21 2012 178.934.525.099 201.460.793 6,67 2013 170.266.525.099 268.975.546 _5,35 2014 167.110.818.904 248.057.605 _6,68 2015 123.672.088.781 247.511.612 4,66

7 ELSA

2011 33.248.824.751 211.862.974.983 _0,16 2012 28.993.709.479 237.936.336.553 0,12 2013 29.635.487.726 261.898.079.767 _0,11 2014 56.049.811.031 303.595.207.605 _0,18 2015 41.281.106.302 338.413.465.428 0,12

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LAMPIRAN 7

Growth pada Perusahaan Pertambangan

Terbuka Tahun 2011-2015

No Nama Perusahaan Tahun Total Aset t Total Aset t-1 Growth

2011 507.686.472 433.470.174 0,17

2012 538.639.301 507.686.472 0,06

2013 480.621.137 538.639.301 0,11

2014 444.106.858 480.621.137 0,08

2015 408.205.682 444.106.858 0,08

6 GEMS

2011 3.302.301.908 1.117.269.982.457 1,00

2012 3.440.326.009 3.320.301.908.407 1,00

2013 2.393.567.309 3.440.326.009.433 1,00

2014 1.315.639.491 4.022.393.567.309 1,00

2015 1.369.667.295 2.097.315.639.491 1,00

7 ELSA

2011 985.922.224.185 594.952.096.488 0,66

2012 1.176.578.647.723 985.922.224.185 0,19

2013 1.277.942.893.245 1.176.578.647.723 0,09

2014 1.266.471.770.861 1.277.942.893.245 0,01

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Lanjutan Lampiran 7

Collaterizable Asset pada Perusahaan Pertambangan

Terbuka 2011-2015

2011 114.327.845 507.686.472 0,23

2012 122.573.604 538.639.301 0,23

2013 116.051.338 480.621.137 0,24

2014 106.572.802 444.106.858 0,24

2015 104.533.887 408.205.682 0,26

6 GEMS

2011 265.069.415.072 3.302.301.908 1,27

2012 550.663.491.903 3.440.326.009 3,06

2013 694.183.880.714 2.393.567.309 4,02

2014 346.254.950.616 1.315.639.491 2,18

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Lanjutan Lampiran 8

No Nama

Perusahaan Tahun Aktiva Tetap Total Aset COL

7 ELSA

2011 427.428.446.061 985.922.224.185 0,43

2012 407.057.840.913 1.176.578.647.723 0,35

2013 406.569.506.411 1.277.942.893.245 0,32

2014 507.593.258.183 1.266.471.770.861 0,40

2015 474.338.230.928 1.091.753.891.437 0,43

9 TINS

Firm Size pada Perusahaan Pertambangan

Terbuka Tahun 2011-2015

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LAMPIRAN 10

Dividend Payout Ratio pada Perusahaan Pertambangan

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Lanjutan Lampiran 10

Current Ratio, Debt to Total Asset, Debt to Equity Ratio, Return on Asset,

Return on Equity, Growth, Collaterizable Asset (COL), Firm Size dan

Dividend Payout Ratio (DPR) Perusahaan Pertambangan periode 2011-2

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Lampiran 12

Statistik Deskriptif DPR, Current Ratio, Debt to Equity Ratio (DER), Return

on Asset (ROA), Return on Equity (ROE), Growth, Collaterizable Asset (COL),

dan Firm Size

Sumber: Hasil Penelitian, 2017 (Data Diolah)

Lampiran 13

Uji Normalitas dengan Uji Jarque-Bera Current Ratio, Debt to Equity Ratio

(DER), Return on Asset (ROA), Return on Equity (ROE), Growth,

Collaterizable Asset (COL), Firm Size dan Dividend Payout Ratio (DPR)

0 Maximum 6.400814 Minimum -6.794958 Std. Dev. 3.074647 Skewness -0.696091 Kurtosis 2.736565

Jarque-Bera 3.764193 Probability 0.152271

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Lampiran 14

Uji Multikolinearitas dengan Matriks Korelasi

CR DAR DER ROE ROA GROWTH COL FIRM

SIZE CR 1.000000 -0.052494 0.014046 0.03960 0.037343 -0.088730 -0.091583 0.848403 DAR -0.052494 1.000000 -0.271271 -0.037879 -009435 0.654374 0.023385 -0.343879 DER 0.014046 -0.271271 1.000000 0.913243 0.077170 -0.214686 -0.232565 -0.652491 ROE 0.003960 -0.037879 0.913243 1.000000 0.109641 -0.081691 -0.175581 -0.352189 ROA 0.037343 -0.009435 0.077170 0.109641 1.000000 -0.165453 0.155949 -0.071016 Growth -0.088730 0.654374 -0.214686 -0.081691 -0.165453 1.000000 -0.223954 0.059632 COL -0.0915183 0.023385 -0.232565 -0.175581 0.155949 -0.223954 1.000000 -0.015926 FIRM

SIZE 0.848403 -0.343879 -0.652491 0.352189 -0.071016 0.059632 -0.015926 1.000000

Sumber: Hasil penelitian, 2017 (Data Diolah)

Lampiran 15

Uji Autokorelasi dengan Uji Durbin-Watson

q

Log likelihood -95.38472 Hannan-Quinn criter. 5.061577

F-statistic 0.416471 Durbin-Watson stat 2.178437

Prob(F-statistic) 0.937804

Lampiran 16

Uji Heteroskedastisitas dengan Uji White

Heteroskedasticity Test: White

F-statistic 1.790875 Prob. F(7,37) 0.1185

Obs*R-squared 11.38816 Prob. Chi-Square(7) 0.1226

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Lampiran 17

Hasil Uji Chow

Redundant Fixed Effects Tests Pool: DATAPANEL_AMEL Test cross-section fixed effects

Effects Test Statistic d.f. Prob.

Cross-section F 2.630898 (7,25) 0.0350

Cross-section Chi-square 22.078354 7 0.0025

Lampiran 18

Hasil Uji Hausman

Correlated Random Effects - Hausman Test Equation: Untitled

Test cross-section random effects

Test Summary Chi-Sq. Statistic Chi-Sq. d.f. Prob.

Cross-section random 8.133055 7 0.3210

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Lampiran 19

Pengujian Regresi Data Panel Berganda

Dependent Variable: DPR

Method: Panel EGLS (Cross-section random effects) Date: 02/01/17 Time: 06:19

Sample: 2011 2015 Periods included: 5 Cross-sections included: 9

Total panel (unbalanced) observations: 44

Swamy and Arora estimator of component variances

Variable Coefficient Std. Error t-Statistic Prob.

C -5.883652 1.980372 -2.970983 0.0053

CR 0.236250 0.396267 0.596188 0.5549

DAR -0.108709 0.539969 -0.201324 0.8416

DER -0.081044 0.866494 -0.093531 0.9260

ROE -0.334539 0.275155 -1.215819 0.2322

ROA -0.080291 0.850910 -0.094359 0.9254

GROWTH -0.718347 0.995913 -0.721295 0.4755

COL 0.145447 0.069124 2.104154 0.0426

SIZE 0.560238 0.095235 5.882713 0.0000

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Lampiran 20

Nilai Statistik dari Uji F, Uji t dan Koefisien Determinasi

Dependent Variable: DPR

Method: Panel EGLS (Cros s -s ection random effects ) Date: 02/01/17 Tim e: 06:19

Sam ple: 2011 2015 Periods included: 5 Cros s -s ections included: 9

Total panel (unbalanced) obs ervations : 44

Swam y and Arora es tim ator of com ponent variances

Variable Coefficient Std. Error t-Statis tic Prob.

C -5.883652 1.980372 -2.970983 0.0053 CR 0.236250 0.396267 0.596188 0.5549 DAR -0.108709 0.539969 -0.201324 0.8416 DER -0.081044 0.866494 -0.093531 0.9260 ROE -0.334539 0.275155 -1.215819 0.2322 ROA -0.080291 0.850910 -0.094359 0.9254 GROWTH -0.718347 0.995913 -0.721295 0.4755 COL 0.145447 0.069124 2.104154 0.0426 SIZE 0.560238 0.095235 5.882713 0.0000

Effects Specification

S.D. Rho

Cros s -s ection random 1.03E-07 0.0000

Idios yncratic random 2.031254 1.0000

Weighted Statis tics

R-s quared 0.530093 Mean dependent var -2.325879 Adjus ted R-s quared 0.422686 S.D. dependent var 3.415696 S.E. of regres s ion 2.595286 Sum s quared res id 235.7429 F-s tatis tic 4.935359 Durbin-Wats on s tat 1.637579 Prob(F-s tatis tic) 0.000387