LAMPIRAN Lampiran 1: Matriks Penelitian Terdahulu

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74 LAMPIRAN

Lampiran 1: Matriks Penelitian Terdahulu

No Peneliti (Tahun)

“Judul”

Variabel Proksi Data Hasil

1 Chung et al.

(2012) ” Assessing the Valuation and Risk

Implications of Fair Value Accounting for Liabilities:

Evidence from FAS 159’s Reported Gains and Losses”

Dependent : Stock return

Equity Beta

Independent:

Net Income

Change in fair value liabilities

Quarterly size- adjusted measured from two trading days after the filing date of the 10-Q (10-K) in quarter t-1 to two trading days after the filing date of the 10-Q (10-K) in quarter t.

Beta multiplied by the ratio of equity to total assets for firm i

at quarter t.

Income before extraordinary items per share excluding

FAS 159 gains or losses from liabilities per share

48 firms and 379 firm-quarter observations from the 1st

quarter of 2007 to the 4th quarter of 2010 in the United States

the correlation between returns and

net income is positive and significant

returns and change in fair value liabilities is positive

significant and value relevant 2 Song (2008)

“An Evaluation of FAS 159 Fair Value Option:

Evidence from the Banking Industry”

Dependent:

Stock return

Independent:

Earnings

return of the first calendar quarter of 2008 calculated by monthly

compounded buy- and-hold return

earnings before extraordinary items

The sample is 302 Banks using CUSIP reported in the FR Y-9C, Quarter 2006-2008 in the United States

The coefficient on Earnings is positive and significant.

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75

Unrealized gains and losses due to the Fair Value Options

unrealized gains or losses on

available-for sale securities reported in the accumulated other

comprehensive income prior to FVO adoption

The coefficient on Unrealized gains and losses due to the FVO is also positively and significant

3 Bhat (2013)

“Impact of Disclosure and Corporate Governance on the Association between Fair Value Gains and Losses and Stock Returns in the

Commercial Banking Industry”

Dependent:

Market Value

Independent:

Net Income

Other

Comprehensive Income

Fair Value Gains and Losses

the annual returns over 12 months ending 4 months after the end of the financial period

Net income deflated by the beginning of the year Market Value

Other

comprehensive income deflated by beginning of the year Market Value

After adjusting for taxes by using the top statutory US Federal corporate income tax rate of 35%.

176 US bank holding companies (BHC) that have data from the following five sources for the period of 2001 to 2009

Positive significant correlation between market value and net income

Positive significant correlation between market value and OCI

Positive significant correlation between market value and fair value gains and losses

4 Couch and Wu (2015) “The Fair Value Option For Liabilities And Stock Returns During The Financial Crisis”

Dependent:

Abnormal stock return

Independent:

Adoption of Fair Value Option for Liabilities

the prior annual buy-and-hold returns inclusive of delisting returns, adjusted by CRSP value- weighted market return

one in the year a firm adopts Fair Value Liabilities under SFAS 159, and zero

otherwise.

128 firms in the financial industry who adopted the Fair Value Option for Liabilities in the United States

Fair Value Liabilities is negative and statistically significant

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76

5 Lim et al.

(2011) “Bank Risk and the Value Relevance of Fair Value Gains/Losses”

Dependent:

Market Value

Independent:

Total Income

Fair value gains and losses

Market

capitalisation of current period less prior period, divided by market capitalization of prior period

the sum of net income and other comprehensive income, and year controls

realized/unrealized gain and losses from securities, trading

gains/losses, principal

transaction profits, security

impairment losses and gains/losses from financial instruments that are fair valued under FVO accounting standards

The sample is 268 financial company for the major US, UK, European, Canadian and Australian over the years 2003 to 2010.

The return is positive significant correlated with the total income

Negative not statistically significant with Fair Value gains and losses

6 ^{Riedl and} Serafeim (2011)

“Information Risk and Fair Values: An Examination of Equity Betas”

Dependent:

Equity Beta

Independent:

Fair Value Liabilities

Beta multiplied by the ratio of equity to total assets for firm i

at quarter t.

Liabilities listed at fair value divided by total assets for firm i at

the end of quarter t.

467 financial institution with SIC 2007-2008 in the United States

Negative not significant correlated between Fair Value Liabilities and Beta adjusted return

7 ^{Khan and} Bradbury (2012) “Risk Relevance of

Dependent:

Market Model Beta

Return of common stock at the end of third month fiscal years

for a sample of 79 New Zealand non- financial firms over the period 2003 to 2008

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77

Lampiran 2: Proses Pemilihan Sampel dan Daftar Sampel

Keterangan Jumlah Perusahaan

Perusahaan Institusi Keuangan yang terdaftar di Bursa Efek Indonesia periode 2015-2020

77 Sub Sektor Bank 40

Comprehensive

Income” Independent:

Income

Leverage Ratio

Liquidity Ratio

The accounting risk measure of interest

Debt divided by Equity

Operating cash flow to current liabilities

not significantly associated with market risk.

Positive correlation between Market Model Beta and Debt to Equity Ratio

Positive correlation between Market Model Beta and Current

Liabilities

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78 Sub Sektor Lembaga Pembiayaan 15

Sub Sektor Asuransi 12

Sub Sektor Lainnya 10

(-) Perusahaan dengan data tidak

lengkap -28

Jumlah Sampel Perusahaan 49

No Kode

Perusahaan Nama Perusahaan Sub Sektor

1 AGRO PT BANK RAKYAT INDONESIA AGRONIAGA TBK Perbankan

2 AGRS BANK IBK INDONESIA TBK Perbankan

3 ARTO PT BANK JAGO TBK Perbankan

4 BACA BANK CAPITAL INDONESIA TBK Perbankan

5 BBCA BANK CENTRAL ASIA TBK Perbankan

6 BBHI PT ALLO BANK INDONESIA TBK Perbankan

7 BBKP BANK BUKOPIN TBK Perbankan

8 BBMD BANK MESTIKA DHARMA TBK Perbankan

9 BBNI BANK NEGARA INDONESIA (PERSERO) TBK Perbankan

10 BBRI BANK RAKYAT INDONESIA TBK Perbankan

11 BBTN BANK TABUNGAN NEGARA (PERSERO) TBK Perbankan

12 BBYB BANK NEO COMMERCE TBK Perbankan

13 BDMN BANK DANAMON INDONESIA TBK Perbankan

14 BEKS BANK PEMBANGUNAN DAERAH BANTEN TBK Perbankan

15 BINA BANK INA PERDANA TBK Perbankan

16 BJBR

BANK PEMBANGUNAN DAERAH JAWA BARAT

TBK Perbankan

17 BJTM

BANK PEMBANGUNAN DAERAH JAWA TIMUR

TBK Perbankan

18 BMAS BANK MASPION INDONESIA TBK Perbankan

19 BSWD BANK OF INDIA INDONESIA TBK Perbankan

20 BTPN BANK BTPN TBK Perbankan

21 BVIC BANK VICTORIA INTERNSIONAL TBK Perbankan

22 DNAR BANK OKE INDONESIA TBK Perbankan

23 INPC BANK ARTHA GRAHA INTERNASIONAL TBK Perbankan 24 MAYA BANK MAYAPADA INTERNASIONAL TBK Perbankan 25 MCOR BANK CHINA CONSTRUCTION BANK IND TBK Perbankan

26 MEGA BANK MEGA TBK Perbankan

27 NISP BANK OCBC NISP TBK Perbankan

28 NOBU BANK NATIONALNOBU TBK Perbankan

29 PNBN BANK PAN INDONESIA TBK Perbankan

30 SDRA BANK WOORI SAUDARA INDONESIA 1906 TBK Perbankan 31 ADMF ADIRA DINAMIKA MULTI FINANCE TBK Leasing

32 BBLD BUANA FINANCE TBK Leasing

33 BFIN BFI FINANCE INDONESIA TBK Leasing

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79

No Kode

Perusahaan Nama Perusahaan Sub Sektor

34 BPFI BATAVIA PROSPERINDO FIANANCE TBK Leasing 35 CFIN CLIPAN FINANCE INDONESIA TBK Leasing

36 DEFI DANASUPRA ERAPASIFIC TBK Leasing

37 HDFA RADANA BHASKARA FINANCE TBK Leasing 38 IBFN INTAN BARUPRANA FINANCE TBK Leasing

39 IMJS INDOMOBIL MULTI JASA TBK Leasing

40 MFIN MANDALA MULTIFINANCE TBK Leasing

41 MGNA MAGNA INVESTAMA MANDIRI TBK Leasing 42 TRUS TRUST FINANCE INDONESIA TBK Leasing

43 VRNA VERENA MULTI FINANCE TBK Leasing

44 WOMF WAHANA OTTOMITRA MULTIARTHA TBK Leasing 45 ABDA PT. ASURANSI BINA DANA ARTA TBK Insurance 46 AHAP PT. ASURANSI HARTA AMAN PRATAMA TBK Insurance 47 LPGI PT. LIPPO GENERAL INSURANCE TBK Insurance 48 MREI PT. MASKAPAI REASURANSI INDONESIA TBK Insurance

49 PNIN PT. PANINVEST TBK Insurance

Lampiran 3:

Analisis Statistik Deskriptif

Descriptive Statistics

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80

N Minimum Maximum Mean Std. Deviation

MVE 294 48.86 9973.44 1642.3838 2227.90547

NI 294 -283.81 2997.79 160.5546 476.32529

LIAB 294 -1722.56 51431.30 718.5337 3447.53230

NI_LIAB 294 -5672.27 53462.80 976.0895 4043.69337

DEBT 294 -282.32 800.23 12.1968 94.84089

OTHER 294 -1765.05 51431.30 706.1739 3421.09736

BETA 294 -94.32 142.75 2.2043 14.04430

ERROR 294 -242.98 2308.01 -.0001 250.30025

TOTAL 294 .00 2445.13 134.6436 250.79790

Valid N (listwise) 294

a. Uji Normalitas Model 1:

Model 2:

 Risiko sistematis

One-Sample Kolmogorov-Smirnov Test One-Sample Kolmogorov-Smirnov Test

Unstandardized Residual

N 294

Normal Parameters^a,b Mean .0000000

Std. Deviation 2056.11840479

Most Extreme Differences Absolute .255

Positive .255

Negative -.228

Test Statistic .255

Asymp. Sig. (2-tailed) .000^c

a. Test distribution is Normal.

b. Calculated from data.

c. Lilliefors Significance Correction.

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81

N 294

Positive .252

Negative -.268

Test Statistic .268

 Risiko Tidak Sistematis

One-Sample Kolmogorov-Smirnov Test

N 294

Positive .287

Negative -.240

Test Statistic .287

 Risiko Total

One-Sample Kolmogorov-Smirnov Test

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82

N 294

Std. Deviation .27480140

Positive .127

Negative -.139

Test Statistic .139

b. Uji Multikolinearitas dan Uji t Model 1:

Model 2: Risiko Total

Risiko Sistematis

Coefficients^a

Model Unstandardized Coefficients

Standardized

Coefficients t Sig. Collinearity Statistics

Coefficients^a

Model

Unstandardized Coefficients

Standardized Coefficients

t Sig.

Collinearity Statistics

B Std. Error Beta Tolerance VIF

1 (Constant) 1543.671 131.795 11.713 .000

NILIAB -.032 .032 -.058 -1.015 .311 .970 1.031

DEBT 1.769 1.397 .075 1.266 .207 .906 1.104

OTHER .154 .038 .236 4.014 .000 .927 1.078

a. Dependent Variable: MVE

Coefficients^a

Model

t Sig.

1 (Constant) 121.948 15.712 7.762 .000

STDNI .128 .043 .172 2.951 .003 .988 1.013

STDNILIAB -.003 .005 -.036 -.614 .540 .988 1.013

a. Dependent Variable: TOTAL

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1 (Constant) 2.468 .892 2.766 .006

STDNI -.001 .002 -.026 -.434 .664 .988 1.013

STDNILIAB .000 .000 -.035 -.602 .547 .988 1.013

a. Dependent Variable: BETA

Risiko Tidak Sistematis

Coefficients^a

Model

t Sig.

1 (Constant) -12.399 15.683 -.791 .430

STDNI .127 .043 .170 2.929 .004 .988 1.013

STDNILIAB -.003 .005 -.038 -.654 .514 .988 1.013

a. Dependent Variable: ERROR

c. Uji Heteroskedastisitas Model 1:

ANOVA^a

Model Sum of Squares df Mean Square F Sig.

1 Regression 33787495.891 3 11262498.630 5.489 .001^b

Residual 595042809.475 290 2051871.757

Total 628830305.366 293

a. Dependent Variable: ABS_RES

b. Predictors: (Constant), OTHER, NILIAB, DEBT

Model 2:

 Risiko sistematis

 Risiko Tidak Sistematis

ANOVA^a

1 Regression 194031.569 2 97015.785 2.411 .091^b

Residual 11708111.822 291 40234.061

Total 11902143.392 293

a. Dependent Variable: ABS_RES_1

b. Predictors: (Constant), STDNILIAB, STDNI

ANOVA^a

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84  Risiko Total

d. Uji Autokorelasi Model 1:

Model Summary^b

Model R R Square

Adjusted R Square

Std. Error of the

Estimate Durbin-Watson

1 .266^a .071 .061 2158.86018 .580

a. Predictors: (Constant), OTHER, NILIAB, DEBT b. Dependent Variable: MVE

Model 2:

 Risiko Sistematis

Model Summary^b

Model R R Square Adjusted R Square

Std. Error of the

1 .046^a .002 -.005 14.07754 1.967

a. Predictors: (Constant), STDNILIAB, STDNI

b. Dependent Variable: BETA

 Risiko Tidak Sistematis

Model Summary^b

Std. Error of the

1 .228^a .029 .022 .27574 2.088

1 Regression 673.942 2 336.971 2.086 .126^b

Residual 47015.198 291 161.564

Total 47689.140 293

ANOVA^a

1 Regression .063 2 .032 1.357 .259^b

Residual 6.800 291 .023

Total 6.863 293

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85

b. Dependent Variable: ERROR

 Risiko Total

Model Summary^b

Std. Error of the

1 .171^a .029 .023 247.94029 1.397

b. Dependent Variable: TOTAL

Uji F model 1:

ANOVA^a

1 Regression 102727480.472 3 34242493.491 7.347 .000^b

Residual 1351596410.46 6

290 4660677.277

Total 1454323890.93

8

293

a. Dependent Variable: MVE

b. Predictors: (Constant), OTHER, NILIAB, DEBT

Uji F model 2:

a. Risiko Sistematis

ANOVA^a

1 Regression 122.408 2 61.204 .309 .735^b

Residual 57669.562 291 198.177

Total 57791.970 293

a. Dependent Variable: BETA

b. Risiko Tidak Sistematis

ANOVA^a

1 Regression 532092.490 2 266046.245 4.343 .014^b

Residual 17824420.56 291 61252.304

Total 18356513.05 293

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86

a. Dependent Variable: ERROR

c. Risiko Total

ANOVA^a

1 Regression 540530.991 2 270265.495 4.396 .013^b

Residual 17889047.167 291 61474.389

Total 18429578.158 293

a. Dependent Variable: TOTAL

Lampiran 4: Data Variabel Penelitian

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87

No Kode Nama Perusahaan Harga Saham

2015 2016 2017 2018 2019 2020

1 AGRO

PT BANK RAKYAT INDONESIA AGRONIAGA TBK

86.24 660.74 528.14 332.38 144.92 1167.21

2 AGRS BANK IBK

INDONESIA TBK 89.84 100.84 436.97 359.03 151.11 277.71 3 ARTO PT BANK JAGO

TBK 158.77 158.77 188.15 168.25 3112.14 7154.90 4 BACA BANK CAPITAL

INDONESIA TBK 166.72 201.38 250.03 283.59 349.62 535.95 5 BBCA BANK CENTRAL

ASIA TBK 2652.30 3120.78 4622.23 5446.17 6309.76 6823.69 6 BBHI PT ALLO BANK

INDONESIA TBK 114.64 83.91 167.22 172.67 107.60 1152.74 7 BBKP BANK BUKOPIN

TBK 599.43 616.25 604.08 360.06 189.21 559.90 8 BBMD BANK MESTIKA

DHARMA TBK 1551.48 1497.58 1420.15 1377.34 2213.17 1429.92 9 BBNI

BANK NEGARA INDONESIA ( PERSERO ) TBK

5117.62 6072.66 9435.77 9001.95 6655.48 6153.28

10 BBRI BANK RAKYAT

INDONESIA TBK 2260.90 2420.78 3705.69 3851.72 4157.30 4620.98

11 BBTN

BANK TABUNGAN

NEGARA ( PERSERO) TBK

1522.30 2028.83 3680.46 2562.34 1714.44 1872.87

12 BBYB BANK NEO

COMMERCE TBK 188.87 319.09 333.66 269.78 281.14 474.39 13 BDMN BANK DANAMON

INDONESIA TBK 3678.52 4457.27 6853.85 8569.14 3232.38 3153.61

14 BEKS

BANK PEMBANGUNAN DAERAH BANTEN

TBK

48.86 134.28 117.16 117.05 117.05 91.49

15 BINA BANK INA

PERDANA TBK 217.70 399.77 821.14 628.59 873.81 1205.16

16 BJBR

BANK PEMBANGUNAN

DAERAH JAWA BARAT TBK

892.30 2393.59 2239.54 2103.44 972.78 1583.11

17 BJTM

BANK PEMBANGUNAN

DAERAH JAWA TIMUR TBK

439.90 600.08 723.62 702.19 599.29 804.02

18 BMAS BANK MASPION

INDONESIA TBK 446.41 403.53 342.55 333.41 271.49 641.39

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88

2015 2016 2017 2018 2019 2020 19 BSWD BANK OF INDIA

INDONESIA TBK 3258.85 2297.19 1754.08 1750.00 1750.00 1750.00 20 BTPN BANK BTPN TBK 2414.02 2650.94 3128.77 3682.66 2737.14 2925.57 21 BVIC

BANK VICTORIA INTERNSIONAL

TBK

105.25 108.66 243.20 175.89 66.57 175.31

22 DNAR BANK OKE

INDONESIA TBK 114.40 296.04 278.50 285.27 225.58 223.11

23 INPC

BANK ARTHA GRAHA INTERNASIONAL

TBK

69.67 105.19 86.51 76.64 53.89 145.61

24 MAYA

BANK MAYAPADA INTERNASIONAL

TBK

1442.39 2225.47 3444.33 6495.89 7871.43 3978.26

25 MCOR

BANK CHINA CONSTRUCTION

BANK IND TBK

172.37 243.91 218.08 161.22 105.52 154.03 26 MEGA BANK MEGA TBK 2915.25 2483.13 3132.15 5191.09 5697.22 9738.11 27 NISP BANK OCBC NISP

TBK 632.99 896.60 941.12 903.20 835.32 870.08 28 NOBU

BANK NATIONALNOBU

TBK

569.62 856.88 897.62 969.38 927.14 820.25

29 PNBN BANK PAN

INDONESIA TBK 662.13 839.84 1230.69 1392.73 1100.48 1116.80

30 SDRA

BANK WOORI SAUDARA INDONESIA 1906

TBK

1088.77 1051.46 858.85 848.75 787.38 739.92

31 ADMF

ADIRA DINAMIKA MULTI FINANCE

TBK

3120.25 6865.23 8572.31 9973.44 9556.75 8585.66

32 BBLD BUANA FINANCE

TBK 1228.69 813.20 537.88 448.22 420.48 380.25 33 BFIN BFI FINANCE

INDONESIA TBK 269.36 380.34 748.62 659.84 479.71 692.79 34 BPFI

BATAVIA PROSPERINDO FIANANCE TBK

314.96 301.73 448.37 419.27 844.29 747.49

35 CFIN CLIPAN FINANCE

INDONESIA TBK 257.38 269.59 314.00 331.41 237.67 251.48 36 DEFI DANASUPRA

ERAPASIFIC TBK 140.49 707.16 843.04 1734.14 1821.67 1684.75 37 HDFA

RADANA BHASKARA FINANCE TBK

134.74 218.69 191.99 159.42 137.19 123.33

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89

2015 2016 2017 2018 2019 2020 38 IBFN

INTAN BARUPRANA FINANCE TBK

799.78 844.12 600.64 260.78 340.19 238.89

39 IMJS INDOMOBIL

MULTI JASA TBK 410.21 315.28 341.11 734.84 234.06 347.11 40 MFIN

MANDALA MULTIFINANCE

TBK

423.07 553.83 781.88 987.58 1226.27 1077.79

41 MGNA

MAGNA INVESTAMA MANDIRI TBK

55.79 108.89 63.86 50.03 50.00 50.00

42 TRUS TRUST FINANCE

INDONESIA TBK 195.46 189.19 207.15 347.66 329.78 344.92 43 VRNA VERENA MULTI

FINANCE TBK 154.40 102.32 94.02 129.80 124.65 109.85

44 WOMF

WAHANA OTTOMITRA MULTIARTHA

TBK

80.43 202.83 244.11 358.94 262.10 252.72

45 ABDA

PT. ASURANSI BINA DANA ARTA

TBK

7271.72 6867.19 7390.77 5214.14 6436.51 6292.21

46 AHAP

PT. ASURANSI HARTA AMAN PRATAMA TBK

97.75 104.83 93.83 67.88 54.29 63.93

47 LPGI

PT. LIPPO GENERAL INSURANCE TBK

4584.59 5657.81 4483.85 3778.59 3604.13 3289.34

48 MREI

PT. MASKAPAI REASURANSI INDONESIA TBK

6773.04 3850.58 4144.15 6116.41 4759.52 4958.20

49 PNIN PT. PANINVEST

TBK 509.11

680.55 1147.38 1183.52 946.35 835.33

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90

No Kode Nama Perusahaan Laba Bersih

2015 2016 2017 2018 2019 2020

1 AGRO

7.01 8.97 12.24 17.79 4.45 2.72

2 AGRS BANK IBK

INDONESIA TBK 0.34 0.30 -0.72 -2.71 -22.61 -15.41 3 ARTO PT BANK JAGO

TBK -0.03 -2.90 -0.76 -2.03 -10.62 -16.51 4 BACA BANK CAPITAL

INDONESIA TBK -5.36 0.72 0.90 -10.73 -3.18 3.22 7 BBKP BANK BUKOPIN

TBK 84.00 95.01 11.84 16.55 18.88 -283.81 8 BBMD BANK MESTIKA

DHARMA TBK 20.97 15.62 23.02 23.16 21.57 28.39 9 BBNI

796.23 993.94 1199.56 1314.65 1350.96 289.33

10 BBRI BANK RAKYAT

INDONESIA TBK 2213.54 2284.72 2530.06 2823.98 2997.79 1625.51

11 BBTN

BANK TABUNGAN

161.23 228.13 263.72 244.60 18.23 139.58

12 BBYB BANK NEO

COMMERCE TBK 2.17 5.92 1.26 -11.93 1.66 2.54 13 BDMN BANK DANAMON

INDONESIA TBK 215.09 243.27 333.47 357.77 369.41 94.86

14 BEKS

TBK

-28.85 -35.29 -6.65 -8.72 -11.98 -26.84

15 BINA BANK INA

PERDANA TBK 1.47 1.59 1.60 0.99 0.62 1.69

16 BJBR

BANK PEMBANGUNAN

120.30 100.46 105.53 135.23 143.01 166.31

17 BJTM

BANK PEMBANGUNAN

77.05 89.57 100.99 109.79 119.91 129.70

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91

2015 2016 2017 2018 2019 2020 18 BMAS BANK MASPION

INDONESIA TBK 3.50 5.94 6.05 6.19 5.20 5.84 19 BSWD BANK OF INDIA

INDONESIA TBK -3.98 -50.00 -3.90 1.33 2.70 -6.15 20 BTPN BANK BTPN TBK 152.67 163.41 123.87 196.68 260.67 174.71 21 BVIC

TBK

8.19 8.74 11.85 6.89 -1.20 -21.97

22 DNAR BANK OKE

INDONESIA TBK 1.22 1.14 0.88 1.73 -1.47 0.69

23 INPC

TBK

6.21 6.35 5.93 4.67 -5.08 1.86

24 MAYA

TBK

56.82 71.45 58.83 38.10 46.00 5.59

25 MCOR

BANK IND TBK

TBK 130.74 155.92 189.54 229.80 256.04 183.08 28 NOBU

BANK NATIONALNOBU

TBK

1.59 2.64 3.05 3.90 3.99 4.67

29 PNBN BANK PAN

INDONESIA TBK 136.58 219.35 174.96 277.63 304.74 272.15

30 SDRA

TBK

23.10 26.99 38.22 46.86 43.54 46.69

31 ADMF

TBK

57.91 87.92 122.75 158.13 183.69 89.34

TBK 5.40 4.65 5.79 5.02 5.16 1.75

33 BFIN BFI FINANCE

3.61 2.95 4.33 5.93 6.52 3.59

INDONESIA TBK 24.94 17.89 20.58 26.58 31.50 4.06

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92

2015 2016 2017 2018 2019 2020 36 DEFI DANASUPRA

ERAPASIFIC TBK 57.70 770.44 757.31 143.79 1033.71 -109.68 37 HDFA

3.47 2.23 1.56 -24.55 -17.40 -8.66

38 IBFN

0.08 -20.82 -18.78 -14.47 -10.27 -52.10

39 IMJS INDOMOBIL

MULTI JASA TBK 7.15 12.14 16.79 14.16 3.80 -9.73 40 MFIN

TBK

21.48 22.24 0.03 0.03 0.03 0.02

41 MGNA

0.22 -6.05 -2.92 -3.22 -10.60 4.92

INDONESIA TBK 0.83 0.93 1.16 0.76 0.86 0.53 43 VRNA VERENA MULTI

FINANCE TBK 0.21 0.56 0.66 -16.79 0.15 0.26

44 WOMF

TBK

1.36 5.25 15.74 18.74 22.62 5.00

45 ABDA

TBK

23.39 15.11 14.01 6.02 7.62 12.04

46 AHAP

0.71 0.71 -3.58 -2.33 -10.06 -1.26

47 LPGI

6.76 7.24 8.00 5.98 6.97 8.09

48 MREI

11.80 12.70 14.03 12.27 15.62 9.16

TBK 110.50 208.64 162.33 186.45 199.71 168.07

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93

No Kode Nama Perusahaan DELTA LIAB

2015 2016 2017 2018 2019 2020

1 AGRO

132.05 210.90 323.71 496.55 323.00 93.02

2 AGRS BANK IBK

INDONESIA TBK 1.07 -14.38 -13.99 26.38 138.59 235.14 3 ARTO PT BANK JAGO

TBK -8.15 -1.91 6.64 -13.00 8.29 22.32 4 BACA BANK CAPITAL

INDONESIA TBK -2.09 -2.46 28.70 -7.35 27.48 -1.53 7 BBKP BANK BUKOPIN

TBK 1274.24 766.70 385.26 -1151.28 313.13 -1722.56 8 BBMD BANK MESTIKA

DHARMA TBK 49.38 66.31 79.64 25.01 36.51 56.82 9 BBNI

6103.02 6973.71 7868.28 7561.99 1429.21 4603.03

10 BBRI BANK RAKYAT

INDONESIA TBK 4776.77 7675.04 8537.17 13157.26 8197.62 6322.09

11 BBTN

BANK TABUNGAN

2247.22 3217.36 2527.13 3522.20 458.25 4375.10

12 BBYB BANK NEO

INDONESIA TBK -710.92 -1339.05 -43.57 447.61 463.19 559.63

14 BEKS

TBK

-237.27 -109.06 199.34 159.40 -143.00 -289.56

15 BINA BANK INA

PERDANA TBK 152.89 9.88 3.13 62.94 121.71 271.05

16 BJBR

BANK PEMBANGUNAN

1054.71 960.04 932.19 331.63 283.23 1382.48

17 BJTM

BANK PEMBANGUNAN

404.58 -65.96 681.31 866.70 1126.14 587.08

(21)

94

INDONESIA TBK 25.03 -11.74 42.73 53.28 73.74 215.02 19 BSWD BANK OF INDIA

INDONESIA TBK 30.12 -153.38 13.99 -52.18 7.28 -16.16 20 BTPN BANK BTPN TBK 280.58 448.63 318.28 260.38 5172.83 241.52 21 BVIC

TBK

202.91 195.28 199.94 107.95 17.37 -319.79

22 DNAR BANK OKE

INDONESIA TBK 35.50 19.42 18.61 -1.90 87.81 55.57

23 INPC

TBK

139.04 -53.51 125.40 -152.23 -36.06 520.14

24 MAYA

TBK

804.91 953.48 1940.03 -844.72 1281.90 -112.08

25 MCOR

BANK IND TBK

9.53 100.56 302.84 6.30 228.43 268.18 26 MEGA BANK MEGA TBK -250.81 135.45 964.86 61.43 1321.06 754.87 27 NISP BANK OCBC NISP

TBK 1325.14 1321.14 1180.28 1448.33 393.23 1918.72 28 NOBU

BANK NATIONALNOBU

TBK

80.24 183.43 168.94 60.18 110.63 42.65

29 PNBN BANK PAN

INDONESIA TBK -64.14 324.12 168.02 572.44 319.41 -370.44

30 SDRA

TBK

292.04 203.11 238.33 185.58 601.45 69.43

31 ADMF

TBK

-184.46 -54.51 80.21 43.23 117.62 -530.11

TBK -37.47 48.41 43.51 42.46 1.97 -67.15 33 BFIN BFI FINANCE

INDONESIA TBK 154.96 38.37 283.21 122.39 -8.45 -381.65 34 BPFI

-13.06 4.31 35.90 8.80 -5.33 -33.93

INDONESIA TBK -22.93 -35.96 -143.02 497.93 65.81 -551.75

(22)

95

2015 2016 2017 2018 2019 2020 36 DEFI DANASUPRA

ERAPASIFIC TBK -2.83 -1.90 8.60 3.84 51.93 -59.35 37 HDFA

29.23 43.81 24.92 -124.26 -124.08 -29.25

38 IBFN

8.52 -19.43 -27.25 -29.41 -3.99 -1.97

39 IMJS INDOMOBIL

MULTI JASA TBK 120.51 87.53 -29.00 217.74 499.79 -70.52 40 MFIN

TBK

-36.09 -109.55 -3.22 13.11 57.76 4.90

41 MGNA

-1.98 -11.24 -3.55 1.93 2.18 -11.88

INDONESIA TBK -0.94 -0.49 0.70 1.44 -1.47 -0.09 43 VRNA VERENA MULTI

FINANCE TBK -20.42 -10.50 -17.79 2.30 54.74 4.75

44 WOMF

TBK

-21.29 115.72 81.16 77.89 -67.43 -237.46

45 ABDA

TBK

0.08 1.36 -1.26 5.81 -1.64 -0.34

46 AHAP

19.45 4.54 -3.34 15.61 -32.98 -6.05

47 LPGI

3.94 2.21 -1.06 -0.04 2.61 15.42

48 MREI

0.46 6.78 9.55 22.71 23.08 3.68

TBK -61.36 -27.50 -350.96 1.48 3.69 7.94

(23)

96

No Kode Nama Perusahaan NI LIAB

2015 2016 2017 2018 2019 2020

1 AGRO

139.06 219.87 335.95 514.34 327.45 95.75

2 AGRS BANK IBK

TBK -8.18 -4.82 5.88 -15.03 -2.33 5.81 4 BACA BANK CAPITAL

INDONESIA TBK 201.78 50.74 -200.88 -1.71 -26.65 80.54 5 BBCA BANK CENTRAL

TBK -7.45 -1.74 29.60 -18.08 24.29 1.70 8 BBMD BANK MESTIKA

DHARMA TBK 1358.24 861.71 397.10 -1134.73 332.01 -2006.37 9 BBNI

70.35 81.92 102.66 48.17 58.08 85.21

10 BBRI BANK RAKYAT

INDONESIA TBK 6899.25 7967.65 9067.84 8876.64 2780.17 4892.36

11 BBTN

BANK TABUNGAN

6990.31 9959.77 11067.22 15981.23 11195.41 7947.60

12 BBYB BANK NEO

INDONESIA TBK 55.84 42.81 76.30 -47.08 23.56 12.73

14 BEKS

TBK

-1.87 115.60 143.05 35.50 -69.95 -102.04

15 BINA BANK INA

PERDANA TBK -495.83 -

1095.78 289.89 805.38 832.59 654.48

16 BJBR

BANK PEMBANGUNAN

-266.12 -144.35 192.69 150.68 -154.98 -316.41

17 BJTM

BANK PEMBANGUNAN

154.37 11.47 4.72 63.93 122.33 272.74

(24)

97

INDONESIA TBK 481.63 23.61 782.30 976.48 1246.04 716.79 20 BTPN BANK BTPN TBK 28.53 -5.81 48.78 59.47 78.94 220.85 21 BVIC

TBK

26.13 -203.38 10.09 -50.84 9.97 -22.31

22 DNAR BANK OKE

INDONESIA TBK 433.25 612.04 442.14 457.06 5433.50 416.23

23 INPC

TBK

211.11 204.02 211.80 114.84 16.17 -341.76

24 MAYA

TBK

36.72 20.56 19.49 -0.18 86.34 56.25

25 MCOR

BANK IND TBK

145.25 -47.17 131.33 -147.56 -41.14 522.01 26 MEGA BANK MEGA TBK 861.73 1024.93 1998.87 -806.62 1327.90 -106.49 27 NISP BANK OCBC NISP

TBK 15.40 102.49 307.18 6.31 235.31 272.53 28 NOBU

BANK NATIONALNOBU

TBK

-159.10 236.32 1078.11 200.75 1495.52 1016.93

29 PNBN BANK PAN

INDONESIA TBK 1455.88 1477.06 1369.81 1678.14 649.27 2101.80

30 SDRA

TBK

81.82 186.07 171.98 64.08 114.62 47.31

31 ADMF

TBK

72.43 543.47 342.98 850.07 624.15 -98.29

TBK 315.15 230.10 276.55 232.44 644.98 116.12 33 BFIN BFI FINANCE

INDONESIA TBK -126.55 33.41 202.96 201.36 301.31 -440.77 34 BPFI

-32.07 53.07 49.30 47.47 7.13 -65.40

INDONESIA TBK 211.60 107.92 386.65 250.25 53.55 -320.53

(25)

98

2015 2016 2017 2018 2019 2020 36 DEFI DANASUPRA

ERAPASIFIC TBK -9.45 7.26 40.23 14.73 1.19 -30.34 37 HDFA

2.02 -18.07 -122.43 524.51 97.30 -547.69

38 IBFN

54.86 768.55 765.91 147.64 1085.65 -169.02

39 IMJS INDOMOBIL

MULTI JASA TBK 32.70 46.05 26.47 -148.81 -141.47 -37.91 40 MFIN

TBK

8.60 -40.24 -46.03 -43.88 -14.26 -54.08

41 MGNA

127.66 99.67 -12.21 231.91 503.58 -80.24

INDONESIA TBK 24413.57 1182.43 9125.04 -1353.53 -5672.27 1415.95 43 VRNA VERENA MULTI

FINANCE TBK -14.61 -87.31 -3.19 13.13 57.79 4.92

44 WOMF

TBK

-1.76 -17.29 -6.48 -1.29 -8.42 -6.96

45 ABDA

TBK

-0.11 0.44 1.86 2.20 -0.61 0.44

46 AHAP

-20.21 -9.93 -17.13 -14.49 54.89 5.01

47 LPGI

-19.92 120.97 96.90 96.64 -44.81 -232.46

48 MREI

23.47 16.48 12.75 11.83 5.98 11.69

TBK 20.16 5.26 -6.92 13.28 -43.03 -7.31

(26)

99

No Kode Nama Perusahaan DEBT

2015 2016 2017 2018 2019 2020

1 AGRO

1.81 5.18 -1.32 1.78 -4.34 -0.80

2 AGRS BANK IBK

INDONESIA TBK -0.18 -0.19 -0.89 5.35 -4.62 1.64 3 ARTO PT BANK JAGO

TBK -6.10 -4.26 -0.39 0.86 -1.90 0.49 4 BACA BANK CAPITAL

INDONESIA TBK 2.31 -0.84 64.82 -0.64 43.24 8.54 5 BBCA BANK CENTRAL

INDONESIA TBK 0.20 0.54 1.97 -2.63 0.19 0.08 7 BBKP BANK BUKOPIN

TBK 67.69 -133.72 62.49 -111.83 6.77 42.49 8 BBMD BANK MESTIKA

DHARMA TBK -0.80 0.00 27.33 -4.09 -1.18 -8.81 9 BBNI

632.17 259.78 411.28 -115.77 216.07 243.37

10 BBRI BANK RAKYAT

INDONESIA TBK -264.35 188.37 152.93 800.23 218.68 155.20

11 BBTN

BANK TABUNGAN

32.60 325.13 177.09 80.82 173.38 519.97

12 BBYB BANK NEO

COMMERCE TBK 0.12 0.13 1.92 -0.35 -1.36 0.26 13 BDMN BANK DANAMON

INDONESIA TBK -175.43 -186.74 -60.43 -91.07 -53.35 77.77

14 BEKS

TBK

6.73 -10.58 1.77 2.75 10.09 3.62

15 BINA BANK INA

PERDANA TBK 0.20 -0.21 0.09 -0.07 0.05 0.19

16 BJBR

BANK PEMBANGUNAN

41.29 -63.58 44.60 -42.67 42.27 44.49

17 BJTM

BANK PEMBANGUNAN

20.02 -15.13 16.04 11.17 -63.17 0.00

(27)

100

INDONESIA TBK -55.18 -0.36 -0.15 0.44 0.06 0.91 19 BSWD BANK OF INDIA

INDONESIA TBK -38.74 -6.32 -0.47 -0.75 -66.05 1.28 20 BTPN BANK BTPN TBK -153.02 4.67 1.36 -129.97 101.28 -89.40 21 BVIC

TBK

-1.61 2.23 6.69 8.86 -9.33 -2.57

22 DNAR BANK OKE

INDONESIA TBK -4.38 0.27 0.02 0.18 0.17 3.20

23 INPC

TBK

-14.35 -6.17 -3.33 -5.27 6.33 53.25

24 MAYA

TBK

0.92 9.84 182.64 -63.96 75.17 -61.88

25 MCOR

BANK IND TBK

-3.34 -0.06 11.27 -6.39 34.37 -1.07 26 MEGA BANK MEGA TBK -22.49 12.46 12.00 -4.43 39.32 -72.15 27 NISP BANK OCBC NISP

TBK -5.02 61.97 5.35 30.95 -62.25 60.30 28 NOBU

BANK NATIONALNOBU

TBK

0.43 -2.25 -0.22 -0.28 -0.10 0.00

29 PNBN BANK PAN

INDONESIA TBK 4.60 25.57 16.98 82.87 -173.80 9.85

30 SDRA

TBK

19.59 2.98 -4.87 27.65 9.77 18.99

31 ADMF

TBK

-183.66 23.10 128.76 -106.77 110.37 -282.32

TBK 21.51 1.24 -24.03 0.00 0.00 0.00 33 BFIN BFI FINANCE

INDONESIA TBK 3.54 116.43 88.76 115.91 -125.09 -88.61 34 BPFI

-4.30 -2.91 23.49 11.26 0.21 -16.78

INDONESIA TBK 0.00 0.00 60.95 109.46 7.20 0.00

(28)

101

2015 2016 2017 2018 2019 2020 36 DEFI DANASUPRA

ERAPASIFIC TBK 0.91 -2.43 7.43 2.24 -7.64 -9.09 37 HDFA

-1.49 0.88 -2.73 -1.79 0.29 -2.19

38 IBFN

1.74 -0.12 -1.61 0.00 0.00 0.00

39 IMJS INDOMOBIL

MULTI JASA TBK -2.40 10.47 -64.04 140.90 -174.23 -27.74 40 MFIN

TBK

21.74 -20.30 -18.09 24.09 33.42 7.74

41 MGNA

0.01 -0.60 0.55 -0.09 -0.30 1.12

INDONESIA TBK 0.02 0.04 0.15 -0.08 0.03 -0.05 43 VRNA VERENA MULTI

FINANCE TBK -20.57 -12.09 -5.86 -0.20 -8.77 0.00

44 WOMF

TBK

37.99 38.78 35.94 -52.37 6.68 -80.58

45 ABDA

TBK

-0.09 -0.43 0.52 5.26 1.61 -0.46

46 AHAP

15.57 -12.76 -10.65 0.00 0.13 0.21

47 LPGI

-1.91 0.90 -0.66 0.43 1.10 9.82

48 MREI

-0.92 0.57 0.44 0.44 0.11 -0.71

TBK -1.44 -4.30 -0.54 -0.08 -0.95 -2.05

(29)

102

No Kode Nama Perusahaan OTHER

2015 2016 2017 2018 2019 2020

1 AGRO

130.24 205.72 325.03 494.77 327.34 93.83

2 AGRS BANK IBK

TBK -2.05 2.35 7.03 -13.87 10.19 21.83 4 BACA BANK CAPITAL

INDONESIA TBK -2.29 -3.00 26.73 -4.72 27.28 -1.60 7 BBKP BANK BUKOPIN

TBK 1206.55 900.43 322.77 -1039.45 306.36 -1765.05 8 BBMD BANK MESTIKA

DHARMA TBK 50.18 66.31 52.31 29.11 37.69 65.63 9 BBNI

5470.85 6713.93 7457.00 7677.76 1213.15 4359.66

10 BBRI BANK RAKYAT

INDONESIA TBK 5041.12 7486.68 8384.23 12357.03 7978.94 6166.90

11 BBTN

BANK TABUNGAN

2214.62 2892.23 2350.04 3441.38 284.87 3855.13

12 BBYB BANK NEO

INDONESIA TBK -535.49 -1152.31 16.85 538.68 516.54 481.86

14 BEKS

TBK

-244.00 -98.48 197.56 156.65 -153.09 -293.18

15 BINA BANK INA

PERDANA TBK 152.70 10.09 3.03 63.00 121.66 270.86

16 BJBR

BANK PEMBANGUNAN

1013.42 1023.61 887.59 374.31 240.96 1338.00

17 BJTM

BANK PEMBANGUNAN

384.55 -50.83 665.27 855.52 1189.31 587.08

(30)

103

INDONESIA TBK 80.21 -11.39 42.88 52.84 73.67 214.11 19 BSWD BANK OF INDIA

INDONESIA TBK 68.85 -147.06 14.45 -51.43 73.33 -17.44 20 BTPN BANK BTPN TBK 433.59 443.96 316.92 390.35 5071.55 330.92 21 BVIC

TBK

204.53 193.05 193.26 99.09 26.71 -317.23

22 DNAR BANK OKE

INDONESIA TBK 39.87 19.15 18.59 -2.08 87.64 52.37

23 INPC

TBK

153.39 -47.34 128.73 -146.97 -42.39 466.89

24 MAYA

TBK

803.99 943.64 1757.40 -780.76 1206.73 -50.19

25 MCOR

BANK IND TBK

12.87 100.62 291.57 12.70 194.06 269.25 26 MEGA BANK MEGA TBK -228.32 122.99 952.85 65.86 1281.74 827.02 27 NISP BANK OCBC NISP

TBK 1330.17 1259.17 1174.92 1417.39 455.49 1858.42 28 NOBU

BANK NATIONALNOBU

TBK

79.81 185.68 169.15 60.46 110.73 42.65

29 PNBN BANK PAN

INDONESIA TBK -68.75 298.55 151.04 489.57 493.21 -380.30

30 SDRA

TBK

272.45 200.12 243.20 157.92 591.68 50.43

31 ADMF

TBK

-0.80 -77.61 -48.55 150.00 7.25 -247.79

TBK -58.98 47.17 67.54 42.46 1.97 -67.15 33 BFIN BFI FINANCE

INDONESIA TBK 151.41 -78.06 194.45 6.48 116.64 -293.04 34 BPFI

-8.75 7.22 12.41 -2.45 -5.53 -17.15

INDONESIA TBK -22.93 -35.96 -203.96 388.47 58.60 -551.75

(31)

104

2015 2016 2017 2018 2019 2020 36 DEFI DANASUPRA

ERAPASIFIC TBK -3.74 0.54 1.17 1.60 59.57 -50.26 37 HDFA

30.72 42.94 27.65 -122.48 -124.37 -27.06

38 IBFN

6.78 -19.30 -25.64 -29.41 -3.99 -1.97

39 IMJS INDOMOBIL

MULTI JASA TBK 122.91 77.06 35.04 76.84 674.02 -42.78 40 MFIN

TBK

-57.83 -89.25 14.87 -10.99 24.34 -2.84

41 MGNA

-1.99 -10.65 -4.10 2.02 2.48 -13.00

FINANCE TBK 0.15 1.59 -11.93 2.50 63.51 4.75

44 WOMF

TBK

-59.28 76.93 45.22 130.26 -74.11 -156.89

45 ABDA

TBK

0.23 1.80 -1.87 -0.58 -0.49 0.41

46 AHAP

-0.01 0.00 -0.17 0.98 1.20 -1.30

47 LPGI

-0.05 0.05 0.24 0.34 0.17 0.53

48 MREI

3.09 5.23 8.45 8.72 16.56 0.51

TBK -405.62 326.98 -351.18 -0.71 1.42 1.85

(32)

105

No Kode Nama Perusahaan BETA

2015 2016 2017 2018 2019 2020

1 AGRO

-14.40 0.29 3.00 5.52 19.44 1.27

2 AGRS BANK IBK

TBK 0.00 -2.17 4.15 -6.70 0.54 0.00

4 BACA BANK CAPITAL

INDONESIA TBK 3.24 -3.57 -0.51 -2.48 -11.25 0.23 5 BBCA BANK CENTRAL

INDONESIA TBK -7.66 3.06 1.38 -1.95 48.13 0.06 7 BBKP BANK BUKOPIN

TBK -2.02 0.58 3.29 2.14 12.87 1.09

8 BBMD BANK MESTIKA

DHARMA TBK -12.43 1.50 -0.61 -10.92 1.58 0.28 9 BBNI

0.60 0.20 0.27 0.16 0.47 0.33

10 BBRI BANK RAKYAT

INDONESIA TBK -0.11 0.98 0.34 0.55 1.12 0.53

11 BBTN

BANK TABUNGAN

0.73 0.45 0.47 0.01 1.69 0.56

12 BBYB BANK NEO

COMMERCE TBK 0.64 0.62 -8.68 -1.89 11.31 0.24 13 BDMN BANK DANAMON

INDONESIA TBK 0.32 0.13 0.03 0.08 0.98 0.50

14 BEKS

TBK

11.63 -9.35 34.79 0.00 0.00 6.69

15 BINA BANK INA

PERDANA TBK 13.34 0.38 0.30 0.42 -4.08 0.07

16 BJBR

BANK PEMBANGUNAN

2.05 -0.19 0.82 0.25 4.55 1.28

17 BJTM

BANK PEMBANGUNAN

1.41 0.95 2.75 0.46 8.25 1.00

(33)

106

INDONESIA TBK 3.63 1.55 -2.56 -2.74 7.52 0.11 19 BSWD BANK OF INDIA

INDONESIA TBK -0.57 0.23 -0.53 0.00 0.00 0.00 20 BTPN BANK BTPN TBK 0.29 0.89 0.15 0.57 1.42 0.43 21 BVIC

TBK

16.82 10.60 12.21 1.86 66.21 0.58

22 DNAR BANK OKE

INDONESIA TBK -6.78 1.78 -3.28 0.14 -5.62 0.48

23 INPC

TBK

21.26 -2.51 17.50 14.29 89.23 0.34

24 MAYA

TBK

-0.81 0.00 2.71 -0.09 0.58 0.05

25 MCOR

BANK IND TBK

-13.22 1.02 15.07 8.31 29.83 3.77 26 MEGA BANK MEGA TBK -0.53 0.14 -0.32 0.00 -0.41 0.06 27 NISP BANK OCBC NISP

TBK -0.17 0.94 -1.24 3.67 35.34 1.56 28 NOBU

BANK NATIONALNOBU

TBK

-1.06 1.72 -2.21 -0.32 10.53 0.32

29 PNBN BANK PAN

INDONESIA TBK -0.46 0.96 1.01 0.37 3.55 1.31

30 SDRA

TBK

1.14 -1.09 0.32 -2.76 0.42 0.86

31 ADMF

TBK

-0.67 0.11 0.08 0.08 0.58 0.27

TBK -2.21 -0.42 -1.44 -2.52 -8.41 0.15 33 BFIN BFI FINANCE

INDONESIA TBK 7.92 1.70 -0.27 -0.29 6.86 0.43 34 BPFI

-2.85 4.94 0.41 0.55 16.13 -0.73

INDONESIA TBK -3.56 4.17 3.30 1.84 21.15 6.69

(34)

107

2015 2016 2017 2018 2019 2020 36 DEFI DANASUPRA

ERAPASIFIC TBK 0.00 -1.46 -0.31 -0.08 5.64 1.39 37 HDFA

-7.48 1.18 -4.97 -1.35 -21.82 3.03

38 IBFN

-0.94 -6.40 -0.03 -1.78 7.05 0.62

39 IMJS INDOMOBIL

MULTI JASA TBK -1.05 -5.40 -0.64 1.02 12.49 1.76 40 MFIN

TBK

-7.25 0.48 -0.38 1.34 5.80 0.70

41 MGNA

13.79 -1.10 -4.05 -94.32 0.00 0.00

FINANCE TBK -5.41 0.74 -23.68 6.38 28.66 0.56

44 WOMF

TBK

12.37 0.87 -0.52 2.32 21.07 12.30

45 ABDA

TBK

-0.18 -0.27 -0.05 -0.05 0.97 0.01

46 AHAP

-6.91 6.73 5.39 -6.36 142.75 -1.89

47 LPGI

0.03 0.41 0.10 -0.04 -4.54 0.48

48 MREI

0.18 -0.27 -0.37 0.10 -0.56 -0.07

TBK -4.18 1.91 0.36 0.50 4.56 1.55

(35)

108

No Kode Nama Perusahaan ERROR

2015 2016 2017 2018 2019 2020

1 AGRO

0.96 0.55 0.53 0.56 0.15 0.32

2 AGRS BANK IBK

TBK 0.00 0.92 0.86 0.61 0.81 1.00

4 BACA BANK CAPITAL

TBK 0.52 1.00 0.82 0.33 0.04 0.54

8 BBMD BANK MESTIKA

DHARMA TBK 0.40 0.80 0.93 0.90 0.33 0.99 9 BBNI

0.99 0.99 0.81 0.80 0.06 0.67

10 BBRI BANK RAKYAT

INDONESIA TBK 1.00 0.21 0.59 0.49 0.07 0.47

11 BBTN

BANK TABUNGAN

0.26 0.30 0.94 1.00 0.04 0.61

12 BBYB BANK NEO

INDONESIA TBK 0.32 0.55 1.00 0.69 0.02 0.55

14 BEKS

TBK

0.38 0.54 0.97 1.00 1.00 0.49

15 BINA BANK INA

PERDANA TBK 0.76 0.25 0.87 0.91 0.96 0.97

16 BJBR

BANK PEMBANGUNAN

0.37 0.67 0.82 0.92 0.11 0.55

17 BJTM

BANK PEMBANGUNAN

0.95 0.89 0.50 0.97 0.06 0.81

(36)

109

No Kode Nama Perusahaan ERROR

INDONESIA TBK 0.27 0.77 0.99 0.89 0.99 0.99 20 BTPN BANK BTPN TBK 0.58 0.55 0.91 0.66 0.02 0.78 21 BVIC

TBK

0.80 0.74 0.59 0.98 0.41 0.90

22 DNAR BANK OKE

INDONESIA TBK 0.42 0.69 0.96 1.00 0.90 0.92

23 INPC

TBK

0.40 0.90 0.91 0.28 0.57 0.93

24 MAYA

TBK

0.51 1.00 0.75 0.95 0.19 0.87

25 MCOR

BANK IND TBK

TBK 1.00 0.86 0.94 0.50 0.31 0.84

28 NOBU

BANK NATIONALNOBU

TBK

0.92 0.46 0.96 0.97 0.83 0.90

29 PNBN BANK PAN

INDONESIA TBK 0.97 0.67 0.53 0.53 0.06 0.67

30 SDRA

TBK

0.79 0.56 0.99 0.96 1.00 0.79

31 ADMF

TBK

0.50 0.87 0.93 0.59 0.10 0.80

TBK 0.75 0.95 0.90 0.81 0.91 0.98

33 BFIN BFI FINANCE

0.89 0.76 0.95 0.99 0.20 0.97

INDONESIA TBK 0.96 0.28 0.89 0.84 0.03 0.44