Repositori Institusi | Universitas Kristen Satya Wacana: Pengaruh Free Cash Flow Dan Likuiditas Terhadap Kebijakan Dividen Dengan Firm Size Sebagai Variabel Moderasi

29 LAMPIRAN

N o Code Pe rusa ha a n T a hun F CF Lik uidit a s Ke bij a k a n D ivide n F irm Size

1 2 0 1 7 0,053 123.40 0 .1 1 2 1 3 .6 4 1

2 2 0 1 8 -0,024 164.00 0 .2 2 2 1 3 .6 8 9

3 2 0 1 9 0,053 117.47 0 .3 1 8 1 3 .6 2 0

4 2 0 2 0 0,038 172.28 0 .7 5 1 1 4 .5 0 0

5 2 0 2 1 -0,015 456.70 0 .6 3 4 1 4 .4 1 2

6 2 0 1 7 -0,005 267.84 0 .6 6 7 1 4 .4 4 1

7 2 0 1 8 0,010 298.59 0 .2 2 2 2 7 .7 3 5

8 2 0 1 9 0,109 224.40 0 .6 6 7 2 7 .7 3 5

9 2 0 2 0 0,117 242.83 0 .1 1 1 2 9 .2 3 5

1 0 2 0 2 1 0,082 195.17 0 .1 7 4 1 4 .8 9 4

1 1 2 0 1 7 -0,068 253.57 0 .1 1 1 1 5 .0 3 7

1 2 2 0 1 8 -0,055 225.76 0 .2 2 2 1 4 .9 1 4

1 3 2 0 1 9 0,004 82.57 0 .3 3 3 2 7 .8 2 3

1 4 2 0 2 0 0,024 77.84 0 .7 0 6 2 7 .6 3 5

1 5 2 0 2 1 0,005 73.19 0 .3 2 6 2 7 .6 8 7

1 6 2 0 1 7 -0,045 88.85 0 .7 0 6 2 7 .9 6 2

1 7 2 0 1 8 0,034 238.60 0 .2 0 4 2 7 .7 8 7

1 8 2 0 1 9 0,008 265.46 0 .6 1 3 2 8 .1 9 4

1 9 2 0 2 0 0,028 343.97 0 .3 4 2 1 3 .8 7 2

2 0 2 0 2 1 -0,081 369.43 0 .2 5 3 1 3 .9 2 0

2 1 2 0 1 7 0,034 261.92 0 .0 5 6 1 3 .8 5 1

2 2 2 0 1 8 0,021 184.85 0 .7 6 1 1 4 .7 3 1

2 3 2 0 1 9 0,018 285.30 0 .9 5 1 1 4 .6 4 3

2 4 2 0 2 0 -0,034 240.50 0 .1 1 2 1 4 .6 7 2

2 5 2 0 2 1 -0,058 110.91 0 .2 6 3 2 7 .9 6 6

2 6 2 0 1 7 -0,012 187.94 0 .8 5 3 1 3 .8 7 2

2 7 2 0 1 8 -0,147 162.68 1 .6 1 1 1 3 .9 2 0

2 8 2 0 1 9 0,017 149.06 1 .5 1 7 1 3 .8 5 1

2 9 2 0 2 0 0,003 419.19 1 .0 2 1 1 4 .7 3 1

3 0 2 0 2 1 0,130 439.81 0 .2 4 2 1 4 .6 4 3

3 1 2 0 1 7 -0,010 444.41 1 .0 0 2 1 4 .6 7 2

3 2 2 0 1 8 0,064 240.34 1 .1 1 1 2 7 .9 6 6

3 3 2 0 1 9 0,218 266.21 1 .1 1 4 2 7 .9 6 6

3 4 2 0 2 0 0,020 288.90 1 .1 1 4 2 9 .4 6 6

3 5 2 0 2 1 -0,013 291.33 0 .2 4 3 1 5 .1 2 5

3 6 2 0 1 7 0,005 251.91 1 .2 2 2 1 5 .2 6 8

3 7 2 0 1 8 0,023 450.94 1 .2 2 3 1 5 .1 4 5

3 8 2 0 1 9 -0,051 465.77 1 .4 4 2 1 3 .8 7 2

3 9 2 0 2 0 0,143 435.47 0 .1 1 1 1 3 .9 2 0

4 0 2 0 2 1 0,056 411.60 0 .2 5 3 1 3 .8 5 1

4 1 2 0 1 7 -0,041 781.22 0 .3 3 3 1 4 .7 3 1

4 2 2 0 1 8 -0,078 420.13 0 .8 8 9 1 4 .6 4 3

4 3 2 0 1 9 0,234 412.35 0 .9 9 9 1 4 .6 7 2

4 4 2 0 2 0 0,001 366.41 0 .8 3 6 2 7 .9 6 6

4 5 2 0 2 1 0,214 252.14 0 .2 3 2 2 7 .9 6 6

4 6 2 0 1 7 -0,151 251.62 0 ,4 3 5 2 9 .4 6 6

4 7 2 0 1 8 -0,107 278.08 0 .3 3 3 1 5 .1 2 5

4 8 2 0 1 9 0,033 295.87 0 .2 2 2 1 5 .2 6 8

4 9 2 0 2 0 -0,013 112.25 0 .4 0 3 1 5 .1 4 5

5 0 2 0 2 1 -0,191 126.81 0 .3 5 2 2 8 .0 5 4

5 1 2 0 1 7 0,001 129.95 0 .2 4 1 1 3 .8 7 2

5 2 2 0 1 8 0,065 133.03 0 .3 3 1 1 3 .9 2 0

5 3 2 0 1 9 -0,058 378.21 0 .2 2 1 1 3 .8 5 1

5 4 2 0 2 0 -0,023 368.68 0 ,3 4 1 1 4 .7 3 1

5 5 2 0 2 1 0,089 1007.22 0 .6 3 5 1 4 .6 4 3

5 6 2 0 1 7 0,060 1275.72 0 .1 1 4 1 4 .6 7 2

5 7 2 0 1 8 0,117 168.00 0 .1 6 2 2 7 .9 6 6

5 8 2 0 1 9 0,347 213.44 0 .1 1 2 2 7 .9 6 6

5 9 2 0 2 0 0,068 228.80 0 .1 4 2 2 9 .4 6 6

6 0 2 0 2 1 -0,011 133.03 0 .3 5 2 1 5 .1 2 5

6 1 2 0 1 7 -0,092 162.62 0 .2 6 3 1 5 .2 6 8

6 2 2 0 1 8 0,081 173.63 0 .2 7 3 1 5 .1 4 5

6 3 2 0 1 9 0,116 173.64 0 .2 2 2 2 8 .0 5 4

6 4 2 0 2 0 -0,107 196.35 0 .2 2 1 1 3 .8 7 2

6 5 2 0 2 1 8,788 244.42 0 .2 4 3 1 3 .9 2 0

6 6 2 0 1 7 -0,135 221.89 0 .3 8 2 1 3 .8 5 1

6 7 2 0 1 8 0,219 305.85 0 .2 1 7 1 4 .7 3 1

6 8 2 0 1 9 -0,010 146.27 0 .1 6 9 1 4 .6 4 3

6 9 2 0 2 0 0,124 229.55 0 .7 5 5 1 4 .6 7 2

7 0 2 0 2 1 -0,011 295.35 0 .2 4 3 2 7 .9 6 6

7 1 2 0 1 7 0,352 365.87 0 ,2 5 2 2 7 .9 6 6

7 2 2 0 1 8 0,062 432.54 0 .2 2 2 1 3 .8 7 2

7 3 2 0 1 9 0,090 650.22 0 .2 2 1 1 3 .9 2 0

7 4 2 0 2 0 -0,017 576.25 0 .2 2 2 1 3 .8 5 1

7 5 2 0 2 1 0,050 771.90 0 .3 5 4 1 4 .7 3 1

7 6 2 0 1 7 0,071 1047.98 0 .5 5 5 1 4 .6 4 3

7 7 2 0 1 8 0,181 360.56 0 .4 4 4 1 4 .6 7 2

7 8 2 0 1 9 0,070 356.42 0 .5 1 8 2 7 .9 6 6

7 9 2 0 2 0 -0,003 245.20 0 .6 1 6 2 7 .9 6 6

8 0 2 0 2 1 0,378 207.44 0 .3 4 3 2 9 .4 6 6

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N o Code Perusahaan T ahun F CF Likuidit as Kebij akan D ividen F irm Size

8 1 2 0 1 7 0,109 264.98 0.173 15.125

8 2 2 0 1 8 -0,074 238.58 0.241 13.872

8 3 2 0 1 9 0,067 260.64 0.112 13.920

8 4 2 0 2 0 -0,089 380.49 0.483 13.851

8 5 2 0 2 1 0,005 275.12 0.263 14.731

8 6 2 0 1 7 0,006 268.26 0.751 14.643

8 7 2 0 1 8 0,085 270.12 0.021 14.672

8 8 2 0 1 9 0,003 186.11 0.181 27.966

8 9 2 0 2 0 0,099 144.04 0.163 27.966

9 0 2 0 2 1 0,020 161.30 0.364 29.466

9 1 2 0 1 7 0,030 181.13 0.371 15.125

9 2 2 0 1 8 -0,040 176.55 0.705 15.268

9 3 2 0 1 9 0,006 1504.78 0.888 15.145

9 4 2 0 2 0 -0,025 122.20 0.345 28.054

9 5 2 0 2 1 0,061 87.48 0.112 27.866

9 6 2 0 1 7 0,084 100.92 0.222 27.918

9 7 2 0 1 8 0,130 451.92 0.318 28.193

9 8 2 0 1 9 0,069 504.99 0.751 13.872

9 9 2 0 2 0 0,171 691.70 0.634 13.920

1 0 0 2 0 2 1 -0,002 810.50 0.667 13.851

1 0 1 2 0 1 7 0,017 510.18 0.222 14.731

1 0 2 2 0 1 8 0,025 303.61 0.667 14.643

1 0 3 2 0 1 9 -0,052 362.28 0.111 14.672

1 0 4 2 0 2 0 0,057 371.75 0.174 27.966

1 0 5 2 0 2 1 0,127 445.32 0.111 13.872

1 0 6 2 0 1 7 0,057 701.70 0.222 13.920

1 0 7 2 0 1 8 0,128 705.08 0.333 13.851

1 0 8 2 0 1 9 0,044 928.27 0.706 14.731

1 0 9 2 0 2 0 -0,014 547.49 0.112 14.643

1 1 0 2 0 2 1 0,047 578.82 0.222 14.672

1 1 1 2 0 1 7 0,187 452.91 0.318 27.966

1 1 2 2 0 1 8 -0,005 471.23 0.751 27.966

1 1 3 2 0 1 9 0,019 231.66 0.634 29.466

1 1 4 2 0 2 0 -0,083 297.87 0.667 15.125

1 1 5 2 0 2 1 0,317 256.30 0.222 15.268

1 1 6 2 0 1 7 -0,138 252.63 0.667 13.872

1 1 7 2 0 1 8 0,184 373.91 0.111 13.920

1 1 8 2 0 1 9 -0,111 394.32 0.174 13.851

1 1 9 2 0 2 0 0,003 463.65 0.111 14.731

1 2 0 2 0 2 1 0,139 576.06 0.222 14.643

1 2 1 2 0 1 7 0,092 207.44 0.333 14.672

1 2 2 2 0 1 8 -0,222 264.98 0.706 27.966

1 2 3 2 0 1 9 0,150 238.58 0.112 27.966

1 2 4 2 0 2 0 -0,027 260.64 0.222 29.466

1 2 5 2 0 2 1 -0,060 380.49 0.318 15.125

1 2 6 2 0 1 7 0,023 275.12 0.751 15.268

1 2 7 2 0 1 8 0,148 268.26 0.634 15.145

1 2 8 2 0 1 9 0,115 270.12 0.667 13.872

1 2 9 2 0 2 0 0,079 186.11 0.112 13.920

1 3 0 2 0 2 1 0,378 144.04 0.222 13.851

1 3 1 2 0 1 7 0,103 161.30 0.318 14.731

1 3 2 2 0 1 8 0,117 181.13 0.751 14.643

1 3 3 2 0 1 9 0,059 176.55 0.634 14.672

1 3 4 2 0 2 0 0,038 1504.78 0.667 27.966

1 3 5 2 0 2 1 -0,265 122.20 0.222 27.966

1 3 6 2 0 1 7 -0,016 87.48 0.667 29.466

1 3 7 2 0 1 8 -288,626 100.92 0.111 13.872

1 3 8 2 0 1 9 0,258 451.92 0.174 13.920

1 3 9 2 0 2 0 0,202 504.99 0.111 13.851

1 4 0 2 0 2 1 0,067 691.70 0.222 14.731

1 4 1 2 0 1 7 0,213 810.50 0.333 14.643

1 4 2 2 0 1 8 0,095 510.18 0.706 14.672

1 4 3 2 0 1 9 0,350 303.61 0.112 27.966

1 4 4 2 0 2 0 0,030 362.28 0.222 27.966

1 4 5 2 0 2 1 0,105 371.75 0.318 29.466

1 4 6 2 0 1 7 0,053 445.32 0.751 15.125

1 4 7 2 0 1 8 0,076 207.44 0.634 15.268

1 4 8 2 0 1 9 0,057 264.98 0.667 15.145

1 4 9 2 0 2 0 0,171 238.58 0.222 28.054

1 5 0 2 0 2 1 -0,053 260.64 0.667 27.866

1 5 1 2 0 1 7 0,041 380.49 0.111 27.918

1 5 2 2 0 1 8 -0,257 275.12 0.174 28.193

1 5 3 2 0 1 9 0,081 268.26 0.111 13.872

1 5 4 2 0 2 0 0,008 270.12 0.222 13.920

1 5 5 2 0 2 1 0,050 186.11 0.333 13.851

1 5 6 2 0 1 7 0,184 144.04 0.706 14.731

1 5 7 2 0 1 8 0,017 161.30 0.326 13.872

1 5 8 2 0 1 9 0,038 181.13 0.706 13.920

1 5 9 2 0 2 0 0,043 176.55 0.204 13.851

1 6 0 2 0 2 1 0,036 1504.78 0.613 14.731

1 6 1 2 0 1 7 0,208 122.20 0.342 14.643

1 6 2 2 0 1 8 0,105 87.48 0.253 14.672

1 6 3 2 0 1 9 0,060 100.92 0.056 27.966

1 6 4 2 0 2 0 -0,092 451.92 0.761 27.966

1 6 5 2 0 2 1 -0,056 504.99 0.951 29.466

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31 Estimasi Model Common Effect

Variable Coefficien Std.

Error

t-Statistic Prob.

C Free Cash Flow

Likuiditas

7.363535 0.002763 0.001465

2.543031 0.000322 0.000438

5.9847494 3.2247492 3.2475773

0.0053 0.0015 0.0024 R-squared

Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)

0 .284573 0.328433 0.375463 4.324537 -7.364752

4.547536 0.001737

Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter Durbin-Watson stat

4.874536 0.546342 0.453843 0.134826 0.127456 0.243863

Estimasi Model Fixed Effect

Variable Coefficien Std. Error t-Statistic Prob.

C Free Cash Flow

Likuiditas

8.864752 0.003452 0.002453

2.674522 0.000453 0.000524

2.2422536 1.6345232 1.5463427

0.0028 0.0037 0.0021 Effects Specification

Cross-section fixed (dummy variables) R-squared

Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)

0.356653 0.356577 0.253684 4.653724 -6.654435 4.5634275 0.0215475

Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter Durbin-Watson stat

2.243526 1.546734 1.647343 1.654754 1.343542 1.435623

Estimasi Model Chow Effect

Effects Test Statistic d.f Prob.

Cross-section F

Cross-section Chi-square

1.543736 13.56452

(11,353) 11

0.1425 0.0527

Uji Hausman

Test Summary Chi-Sq

Statistik Chi-Sq. d.f. Prob

Cross-Section random 12.653763 5 0.004

Uji Statistik

Variable Coefficien Std. Error t-Statistic Prob.

C Free Cash Flow

4.645464 0.34176

0.054645 0.0354645

3.864545 3.546454

0.0031 0.0021 R-squared

Adjusted R-squared S.E. of regression Sum squared resid Log likelihood

0 .325454 0.435343 0.534353 4.324253 -3.746468

Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter

4.645464

0.645464

0.645464

0.124343

0.534353

32

F-statistic Prob(F-statistic)

4.546453 0.023536

Durbin-Watson stat 0.184353

Variable Coefficien Std. Error t-Statistic Prob.

C Free Cash Flow

Firm Size Free Cash Flow .Firm Size

7.363535 0.024176 0.317454 0.036125

2.543031 0.035343 0.046454 0.036474

5.645464 3.7646464 3.6454644 3.2734764

0.0053 0.0024 0.0232 0.0344 R-squared

Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)

0.350647 0.328733 0.375463 4.324537 -7.364752 4.547536 0.014534

Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter Durbin-Watson stat

4.874536 0.546342 0.453843 0.134826 0.127456 0.243863

Variable Coefficien Std. Error t-Statistic Prob.

C Likuiditas

7.363535 0.351465

2.14232 0.02438

5.363535 3.563536

0.0021 0.0034 R-squared

Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)

0.332361 0.353635 0.354645 4.546454 -2.746454 4.645464 0.035343

Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter Durbin-Watson stat

4.546454 0.546454 0.534356 0.132423 0.165383 0.235635

Variable Coefficien Std. Error t-Statistic Prob.

C Likuiditas Firm Size Likuiditas.Firm Size

7.363535 0.351763 0.272465 0.361245

2.435343 0.534352 0.163532 0.273534

4.756563 3.183645 3.263546 3.374547

0.0252 0.0321 0.0231 0.0131 R-squared

Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic)

0 .284573 0.328733 0.375463 4.324537 -7.364752 4.547536 0.004534

Mean dependent var S.D. dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter Durbin-Watson stat

4.645464

0.493837

0.443534

0.153435

0.153435

0.243534