LAMPIRAN 1
Daftar Populasi dan Proses Seleksi Sampel
No. Nama Perusahaan Kode
Emiten
Kriteria Sampel
1 2
1. Akasha Wira International Tbk ADES × 2. Polychem Indonesia Tbk ADMG × 3. Tiga Pilar Sejahtera Food Tbk AISA ×
4. Alam Karya Unggul Tbk AKKU × 5. Argha Karya Prima Industry Tbk AKPI ×
6. Alkindo Naratama Tbk ALDO ×
7. Alakasa Industrindo Tbk ALKA × 8. Alumindo Light Metal Industry Tbk ALMI ×
9. Tri Banyan Tirta Tbk ALTO × 10. Asahimas Flat Glass Tbk AMFG × 11. Asiaplast Industries Tbk APLI ×
12. Argo Pantes Tbk ARGO ×
13. Arwana Citra Tbk ARNA ×
14. Astra Internasional Tbk ASII × Sampel 1 15. Astra Otoparts Tbk AUTO Sampel 2
16. Sepatu Bata Tbk BATA Sampel 3
17. Primarindo Asia Infrastructure Tbk BIMA ×
18. Indo Kordsa Tbk BRAM ×
19. Berlina Tbk BRNA ×
20. Barito Pacific Tbk BRPT ×
21. Betonjaya Manunggal Tbk BTON × 22. Budi Starch & Sweetener Tbk BUDI × 23. Wilmar Cahaya Indonesia Tbk CEKA ×
24. Centex Tbk CNTX ×
25. Charoen Pokphand Indonesia Tbk CPIN Sampel 4
26. Citra Turbindo Tbk CTBN ×
27. Davomas Abadi Tbk DAVO ×
28. Delta Djakarta Tbk DLTA ×
29. Duta Pertiwi Nusantara DPNS × 30. Darya-Varia Laboratoria Tbk DVLA ×
31. Ekadharma International Tbk EKAD Sampel 5
32. Eratex Djaja Tbk ERTX ×
33. Ever Shine Textile Industry Tbk ESTI × 34. Eterindo Wahanatama Tbk ETWA × 35. Fajar Surya Wisesa Tbk FASW × 36. Lotte Chemical Titan Tbk FPNI × 37. Gunawan Dianjaya Steel Tbk GDST × 38. Goodyear Indonesia Tbk GDYR ×
39. Gudang Garam Tbk GGRM Sampel 6
40. Gajah Tunggal Tbk GJTL Sampel 7
41. Panasia Indo Resources Tbk HDTX ×
No. Nama Perusahaan Kode Emiten
Kriteria Sampel
1 2
44. Champion Pacific Indonesia Tbk IGAR × 45. Inti Keramik Alam Asri Industry Tbk IKAI × 46. Sumi Indo Kabel Tbk IKBI ×
47. Indomobil Sukses Internasional Tbk IMAS Sampel 9
48. Indofarma Tbk INAF ×
49. Indal Aluminium Industry Tbk INAI × 50. Intanwijaya International Tbk INCI ×
51. Indofood Sukses Makmur Tbk INDF Sampel 10 52. Indorama Synthetics Tbk INDR ×
53. Indospring Tbk INDS Sampel 11
54. Indah Kiat Pulp And Paper Tbk INKP × 55. Toba Pulp Lestari Tbk INRU ×
56. Indocement Tunggal Prakasa Tbk INTP Sampel 12 57. Indopoly Swakarsa Industry Tbk IPOL ×
58. Sumber Energi Andalan Tbk ITMA × 59. Jembo Cable Company Tbk JECC × 60. Jakarta Kyoei Steel Work Ltd Tbks JKSW × 61. Japfa Comfeed Indonesia Tbk JPFA × 62. Jaya Pari Steel Tbk JPRS ×
63. Kimia Farma Tbk KAEF Sampel 13
64. Ctsi Jasa Prima Tbk KARW × 65. KMI Wire And Cable Tbk KBLI × 66. Kabelindo Murni Tbk KBLM × 67. Kertas Basuki Rachmat Indonesia Tbk KBRI × 68. Kedawung Setia Industial Tbk KDSI ×
69. Keramika Indonesia Assosiasi Tbk KIAS Sampel 14 70. Kedaung Indag Can Tbk KICI ×
71. Kalbe Farma Tbk KLBF Sampel 15
72. Krakatau Steel Tbk KRAS × 73. Lion Metal Works Tbk LION × 74. Langgeng Makmur Industry Tbk LMPI × 75. Lionmesh Prima Tbk LMSH × 76. Multi Prima Sejahtera Tbk LPIN × 77. Malindo Feedmill Tbk MAIN × 78. Multistrada Arah Sarana Tbk MASA × 79. Martina Berto Tbk MBTO ×
80. Merck Tbk MERK Sampel 16
81. Multi Bintang Indonesia Tbk MLBI Sampel 17 82. Mulia Industrindo Tbk MLIA ×
83. Mustika Ratu Tbk MRAT ×
84. Mayora Indah Tbk MYOR ×
85. Hanson International Tbk MYRX × 86. Apac Citra Centertex Tbk MYTX × 87. Pelat Timah Nusantara Tbk NIKL ×
88. Nipress Tbk NIPS ×
No. Nama Perusahaan Kode Emiten
Kriteria Sampel
1 2
90. Pelangi Indah Canindo Tbk PICO × 91. Asia Pacific Fibers Tbk POLY × 92. Prima Alloy Steel Universal Tbk PRAS × 93. Prasidha Aneka Niaga Tbk PSDN × 94. Sat Nusapersada Tbk PTSN ×
95. Pyridam Farma Tbk PYFA ×
96. Ricky Putra Globalindo Tbk RICY × 97. Bentoel International Investama Tbk RMBA × 98. Nippon Indosari Corporindo Tbk ROTI × 99. Supreme Cable Manufacturing And
Commerce Tbk
SCCO
×100. Schering Plough Indonesia Tbk SCPI × 101. Sekawan Intipratama Tbk SIAP ×
102. Siwani Makmur Tbk SIMA ×
103. Sierad Produce Tbk SIPD ×
104. Sekar Bumi Tbk SKBM ×
105. Sekar Laut Tbk SKLT ×
106. Holcim Indonesia Tbk SMCB Sampel 18 107. Semen Indonesia Tbk SMGR Sampel 19 108. Selamat Sempurna Tbk SMSM Sampel 20 109. Sorini Agro Asia Corporindo Tbk SOBI ×
110. Suparma Tbk SPMA ×
111. Taisho Pharmaceutical Indonesia Tbk SQBB × 112. Indo Acidatama Tbk SRSN × 113. Sunson Textile Manufacturer Tbk SSTM ×
114. Siantar Top Tbk STTP ×
115. Sumalindo Lestari Jaya Tbk SULI × 116. Tembaga Mulia Semanan Tbk TBMS ×
117. Mandom Indonesia Tbk TCID Sampel 21 118. Tirta Mahakam Resources Tbk TIRT ×
119. Pabrik Kertas Tjiwi Kimia Tbk TKIM Sampel 22 120. Surya Toto Indonesia Tbk TOTO Sampel 23 121. Chandra Asri Petrochemical TPIA ×
122. Trisula International Tbk TRIS ×
123. Trias Sentosa Tbk TRST ×
124. Tempo Scan Pacific Tbk TSPC × 125. Ultra Jaya Milk Industry Tbk ULTJ × 126. Unggul Indah Cahaya Tbk UNIC × 127. Nusantara Inti Corpora Tbk UNIT ×
128. Unitex Tbk UNTX ×
129. Unilever Indonesia Tbk UNVR Sampel 24 130. Voksel Electric Tbk VOKS ×
131. Wismilak Inti Makmur Tbk WIIM × 132. Yanaprima Hastapersada Tbk YPAS ×
LAMPIRAN 2
Data variabel Corporate Life Cyle (RETE), Free Cash Flow to Equity dan
Kebijakan Dividen (DPR) periode 2012-2014:
Data Corporate Life Cycle Perusahaan Manufaktur yang Terdaftar di Bursa
Efek Indonesia Periode 2012-2014
No.
Kode Perusahaan
2012
2013
2014
1
ASII
73.81
72.58
72.68
2
AUTO
85.37
54.19
54.05
3
BATA
96.64
96.72
96.97
4
CPIN
96.27
96.96
97.23
5
EKAD
61.93
64.01
68.05
6
GGRM
95.74
95.92
96.57
7
GJTL
68.82
66.32
67.38
8
HMSP
91.04
91.69
91.45
9
IMAS
29.42
32.01
29.01
10
INDF
37.33
35.46
39.33
11
INDS
35.6
22.92
25.59
12
INTP
76.46
79.22
81.33
13
KAEF
56.56
61.51
65.16
14
KIAS
4.48
7.58
10.4
15
KLBF
98.36
89.8
90.66
16
MERK
90.41
92.2
92.78
17
MLBI
93.04
97.66
95.84
18
SMCB
24.66
27.09
27.25
19
SMGR
84.18
84.76
86.51
20
SMSM
55.94
64
70.75
21
TCID
73.5
75.39
77.27
22
TKIM
26.76
28.92
26.74
23
TOTO
92.89
93.83
94.75
24
UNVR
124.32
95.95
96.25
Rata-rata
69.73
67.77
68.91
Tertinggi
124.32
97.66
97.23
Terendah
4.48
7.58
10.4
Data Free Cash Flow to Equity Perusahaan Manufaktur yang Terdaftar di
Bursa Efek Indonesia Periode 2012-2014
No.
Kode Perusahaan
2012
2013
2014
1
ASII
48.94
56.15
49.36
2
AUTO
45.9
15.91
29.04
3
BATA
41.17
27.06
39.22
4
CPIN
24.32
22.19
48.04
5
EKAD
11.27
10.31
-3.47
6
GGRM
15.56
29.45
29.14
7
GJTL
64.28
51.89
52.77
8
HMSP
32.97
58.64
71.15
9
IMAS
82.99
81.17
75.17
10
INDF
40.89
61.53
53.32
11
INDS
-10.4
-0.87
5.91
12
INTP
-9.62
-11.47
0.04
13
KAEF
-1.83
8.48
19.85
14
KIAS
-6.02
-4.87
-11.2
15
KLBF
-2.26
-2.05
-1.08
16
MERK
-15.81
-15.71
-6.96
17
MLBI
163.54
138.65
170.55
18
SMCB
6.13
84.85
84.32
19
SMGR
57.84
42.33
36.54
20
SMSM
54.98
45.75
34.2
21
TCID
-11.38
8.23
30.73
22
TKIM
57.93
41.23
67.92
23
TOTO
25.43
34.02
32.28
24
UNVR
140.26
137.66
137.8
Rata-rata
35.71
38.35
43.52
Tertinggi
163.54
138.65
170.55
Terendah
-15.81
-15.71
-11.2
Data Kebijakan Dividen Perusahaan Manufaktur yang Terdaftar
di Bursa Efek Indonesia Periode 2012-2014
No.
Kode Perusahaan
2012
2013
2014
1
ASII
45.07
45.03
45.04
2
AUTO
40
29.53
50.53
3
BATA
59.4
51.56
83.64
4
CPIN
29.24
28.1
29.8
5
EKAD
21.1
15.44
16.19
6
GGRM
39.31
38.35
35.56
7
GJTL
6.12
8.31
28.96
8
HMSP
89.1
57.29
137.71
9
IMAS
16.97
7.8
9.87
10
INDF
49.93
49.81
49.8
11
INDS
32.38
111.6
138.16
12
INTP
29.99
34.8
66.13
13
KAEF
20
15.29
25
14
KIAS
5.18
32.16
26.42
15
KLBF
65.09
66.77
44.97
16
MERK
0.8
0.07
0.08
17
MLBI
88.38
32.26
100
18
SMCB
16.54
45.4
72.43
19
SMGR
50
45
45
20
SMSM
72
42.89
65.46
21
TCID
53.03
49.47
46.45
22
TKIM
2.83
9.92
4.03
23
TOTO
40.91
41.99
41.88
24
UNVR
100.06
99.96
99.93
Rata-rata
40.55
39.95
52.62
Tertinggi
100.06
111.6
138.16
Terendah
0.8
0.07
0.08
LAMPIRAN 3 Data Input SPSS
RETE
FCFE
DPR
73.81
48.94
45.07
85.37
45.9
40
96.64
41.17
59.4
96.27
24.32
29.24
61.93
11.27
21.1
95.74
15.56
39.31
68.82
64.28
6.12
91.04
32.97
89.1
29.42
82.99
16.97
37.33
40.89
49.93
35.6
-10.4
32.38
76.46
-9.62
29.99
56.56
-1.83
20
4.48
-6.02
5.18
98.36
-2.26
65.09
90.41
-15.81
0.8
93.04
163.54
88.38
24.66
6.13
16.54
84.18
57.84
50
55.94
54.98
72
73.5
-11.38
53.03
26.76
57.93
2.83
92.89
25.43
40.91
124.32
140.26
100.06
72.58
56.15
45.03
54.19
15.91
29.53
96.72
27.06
51.56
96.96
22.19
28.1
64.01
10.31
15.44
95.92
29.45
38.35
66.32
51.89
8.31
91.69
58.64
57.29
32.01
81.17
7.8
35.46
61.53
49.81
22.92
-0.87
111.6
79.22
-11.47
34.8
61.51
8.48
15.29
7.58
-4.87
32.16
89.8
-2.05
66.77
92.2
-15.71
0.07
97.66
138.65
32.26
27.09
84.85
45.4
84.76
42.33
45
64
45.75
42.89
75.39
8.23
49.47
28.92
41.23
9.92
93.83
34.02
41.99
95.95
137.66
99.96
72.68
49.36
45.04
54.05
29.04
50.53
96.97
39.22
83.64
97.23
48.04
29.8
68.05
-3.47
16.19
96.57
29.14
35.56
67.38
52.77
28.96
91.45
71.15
137.71
29.01
75.17
9.87
39.33
53.32
49.8
25.59
5.91
138.16
81.33
0.04
66.13
65.16
19.85
25
10.4
-11.2
26.42
90.66
-1.08
44.97
92.78
-6.96
0.08
95.84
170.55
100
27.25
84.32
72.43
86.51
36.54
45
70.75
34.2
65.46
77.27
30.73
46.45
26.74
67.92
4.03
94.75
32.28
41.88
96.25
137.8
99.93
LAMPIRAN 4
Uji Normalitas
One-Sample Kolmogorov-Smirnov Test
Unstandardized Residual
N 72
Normal Parametersa Mean .0000000
Std. Deviation 28.36650571
Most Extreme Differences Absolute .114
Positive .114
Negative -.059
Kolmogorov-Smirnov Z .964
Asymp. Sig. (2-tailed) .311
a. Test distribution is Normal.
Coefficientsa Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 27.516 6.235 4.413 .000 -.126 .084 -.181 -1.505 .137 .034 .055 .074 .618 .539
a. Dependent Variable: absut
Uji Autokorelasi
Model Summaryb Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson 1 .416a .173 .149 28.77468 2.136a. Predictors: (Constant), FCFE, RETE b. Dependent Variable: DPR Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics
B Std. Error Beta Tolerance VIF
1 (Constant) 19.913 9.093 2.190 .032
RETE .219 .122 .199 1.790 .078 .969 1.032
FCFE .241 .081 .332 2.987 .004 .969 1.032
Analisis Regresi Linear Berganda
Tabel 4.8
Hasil Estimasi Regresi
Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 19.913 9.093 2.190 .032 RETE .219 .122 .199 1.790 .078 FCFE .241 .081 .332 2.987 .004 a. Dependent Variable: DPR
Uji Simultan (Uji-F)
ANOVAb
Model Sum of Squares df Mean Square F Sig.
1 Regression 11974.073 2 5987.036 7.231 .001a
Residual 57130.764 69 827.982
Total 69104.837 71
a. Predictors: (Constant), FCFE, RETE b. Dependent Variable: DPR
Uji Parsial (Uji-t)
Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 19.913 9.093 2.190 .032 RETE .219 .122 .199 1.790 .078 FCFE .241 .081 .332 2.987 .004 a. Dependent Variable: DPR
Koefisien Determinasi (Uji Goodness of Fit)
Hubungan Antar Variabel
Nilai
Interpretasi
0,0 - 0,19
Sangat Tidak Erat
0,2 - 0,39
Tidak Erat
0,4 – 0,59
Cukup Erat
0,6 – 0,79
Erat
0,8 – 0,99
Sangat Erat
Sumber : (Situmorang dan Lutfi, 2014:170)
Model Summaryb Model R R Square Adjusted R Square Std. Error of the Estimate 1 .416a .173 .149 28.77468
a. Predictors: (Constant), FCFE, RETE b. Dependent Variable: DPR
