DAFTAR PUSTAKA Agnes Sawir. 2004. Kebijakan Pendanaan dan Restrukturisasi Perusahaan, PT Gramedia Pustaka Utama, Jakarta Ahmed Riahi Belkaoui. 2007. Teori Akuntansi, Buku 2, Salemba Empat, Jakarta Duwi Priyatno. 2009. 5 Jam Belajar Olah Data dengan SPSS 17, Penerbit Andi, Yogyakarta. Heni Kusumawati. 2002. Dampak Perubahan Earnings dan Cash Flow Terhadap Kemampuan Perusahaan Membayar Dividen, Wahana, Vol 5, No 2, Agustus 2002: hal 95-108 Ikatan Akuntan Indonesia. 2009. Pernyataan Standar Akuntansi Keuangan, Salemba Empat, Jakarta. Imam Ghozali. 2006. Aplikasi Analisis Multivariate dengan Program SPSS, Badan Penerbit Universitas Diponegoro, Semarang. Kieso, Donald E., Jerry J. Weygandt and Terry D. Warfield. 2001. Intermediate Accounting. Alih bahasa Gina Gania dan Ichsan, Jilid 2, Penerbit Erlangga, Jakarta Michell Suharli. 2008. Akuntansi Ekuitas untuk Perseroan Terbatas, Restu Agung, Jakarta. Munawir. 2004. Analisa Laporan Keuangan, Liberty, Yogyakarta. 57
Rosmita Rasyid. 2001. Hubungan Laba Bersih dan Arus Kas Operasi dengan Dividen, Jurnal FE UNTAR, No 1, 2001: hal 53-63. Rudianto. 2009. Pengantar Akuntansi, Erlangga, Jakarta. Santoso. 2002. Buku Latihan SPSS Statistik Multivariat, PT Elek Komputindo, Jakarta. Soemarso. 2005. Akuntansi Suatu Pengantar, PT Salemba Emban Patria, Jakarta. Sofyan Safri Harahap. 2007. Teori Akuntansi, Edisi Revisi 9, Raja Grafindo Persada, Jakarta. Weygandt, Jerry J., Donald E. Kieso and Paul D. Kimmel. 2005. Accounting Principles. 7 th Edition. Alih Bahasa Desi Adhariani dan Vera Diyanti, Buku 2, Salemba Empat, Jakarta.
LAMPIRAN 1 LABA BERSIH TAHUN 2007 2009 (dalam Rp) No Kode 2007 2008 2009 1 RUIS 35,960,146,608 30,072,718,222 18,616,096,993 2 ANTM 5,118,987,734,000 1,368,139,165,000 604,307,088,000 3 BUDI 46,177,000,000 32,981,000,000 146,415,000,000 4 INTP 983,688,444,500 1,745,500,936,215 2,746,654,071,082 5 IGAR 15,426,317,547 7,348,483,975 24,740,866,566 6 LION 25,298,384,327 37,840,393,046 33,613,329,078 7 TOTO 56,376,502,262 63,286,993,788 182,820,895,226 8 MAIN 15,238,817,000 9,041,886,000 75,970,111,000 9 SMGR 1,775,408,324,000 2,523,544,472,000 3,326,487,957,000 10 SOBI 94,184,632,000 142,496,317,000 157,548,060,000 11 TRST 17,747,291,109,025,393,373 143,882,097,670 12 ASII 6,519,000,000,000 9,191,000,000,000 10,040,000,000,000 13 AUTO 454,907,000,000 566,025,000,000 768,265,000,000 14 SMSM 80,324,965,210 91,471,918,506 132,850,275,038 15 BRAM 39,148,712,000 94,775,520,000 72,105,574,000 16 IKBI 77,466,616,243 97,686,561,431 28,718,699,277 17 DLTA 47,330,712,000 83,754,3,000 126,504,062,000 18 GGRM 1,143,5,000,000 1,880,492,000,000 3,455,702,000,000 19 DVLA 49,917,853,000 70,819,094,000 72,272,233,000 59
20 HMSP 3,624,018,000,000 3,895,280,000,000 5,087,339,000,000 21 INDF 980,357,000,000 1,034,389,000,000 2,075,861,000,000 22 KLBF 705,694,196,679 706,822,146,190 929,003,740,338 23 MYOR 141,9,137,703 196,230,049,693 372,157,912,334 24 MERK 89,484,528,000 98,620,070,000 146,700,178,000 25 MLBI 84,385,000,000 222,307,000,000 304,4,000,000 26 MRAT 11,130,009,996 22,290,067,707 21,016,846,720 27 TSPC 278,357,723,400 320,647,898,367 359,964,376,338 28 UNVR 1,964,652,000,000 2,407,231,000,000 3,044,107,000,000 29 AQUA 65,912,835,099 82,336,933,380 95,913,000,000 30 SQBI 52,176,192,000 94,271,208,000 131,259,309,000 31 TCID 111,232,287,817 114,854,035,121 124,611,778,666 Sumber: Tabulasi Data Diolah (2011) 60
LAMPIRAN 2 ARUS KAS OPERASI TAHUN 2007 2009 (dalam Rp) No Kode 2007 2008 2009 1 RUIS 15,347,745,373 6,244,595,308 73,717,504,421 2 ANTM 4,835,907,373,000 1,137,316,193,000 914,379,312,000 3 BUDI 5,763,000,000 79,992,000,000 239,422,000,000 4 INTP 1,403,488,344,089 1,619,202,132,220 3,184,421,623,015 5 IGAR 15,590,157,393 41,018,481,569 29,394,540,274 6 LION 13,321,147,405 28,539,7,020 50,456,390,635 7 TOTO 79,856,791,203 184,899,784,317 227,527,798,490 8 MAIN 2,008,910,000 13,254,603,000 90,192,511,000 9 SMGR 2,074,598,275,000 2,628,307,576,000 4,246,497,651,000 10 SOBI 48,692,335,000 42,964,345,000 392,286,907,000 11 TRST 218,865,007,192 129,361,073,810 315,372,607,771 12 ASII 11,244,000,000,000 10,5,000,000,000 11,335,000,000,000 13 AUTO 241,784,000,000 490,003,000,000 596,745,000,000 14 SMSM 105,956,006,338 130,695,243,469 268,070,416,818 15 BRAM 142,628,541,000 199,208,756,000 213,251,329,000 16 IKBI 86,784,626,833 68,215,195,636 112,732,401,688 17 DLTA 87,272,573,000 161,946,514,000 169,345,237,000 18 GGRM 1,449,178,000,000 2,260,895,000,000 3,265,201,000,000 19 DVLA 93,490,909,000 116,185,088,000 5,688,757,000 61
20 HMSP 1,786,380,000,000 4,745,113,000,000 4,305,596,000,000 21 INDF 2,613,759,000,000 2,684,806,000,000 2,314,507,000,000 22 KLBF 362,898,238,846 807,700,535,344 1,363,3,440,601 23 MYOR 178,699,351,379 138,452,987,153 446,429,845,710 24 MERK 69,052,324,000 103,733,500,000 81,263,477,000 25 MLBI 227,271,000,000 415,213,000,000 526,980,000,000 26 MRAT 16,550,490,276 30,430,824,332 2,437,835,047 27 TSPC 294,712,577,526 292,296,080,215 476,9,761,145 28 UNVR 2,250,013,000,000 2,785,785,000,000 3,280,710,000,000 29 AQUA 115,989,209,324 123,763,513,411 322,516,000,000 30 SQBI 77,247,648,000 139,865,195,000 178,394,770,000 31 TCID 178,542,842,752 101,359,599,478 188,221,655,813 Sumber: Tanulasi Data Diolah (2011) 62
LAMPIRAN 3 TOTAL HUTANG TAHUN 2007 2009 (dalam Rp) No Kode 2007 2008 2009 1 RUIS 232,478,908,423 416,944,964,668 352,436,842,351 2 ANTM 3,292,364,227,000 2,130,970,294,000 1,748,127,419,000 3 BUDI 821,355,000,000 1,050,059,000,000 1,598,824,000,000 4 INTP 3,122,970,415,386 2,764,976,374,613 2,572,076,053,210 5 IGAR 100,120,142,910 72,771,129,416 60,746,004,081 6 LION 50,259,852,615 51,933,803,127 43,567,152,983 7 TOTO 596,754,765,932 667,940,725,005 482,219,117,502 8 MAIN 465,844,370,000 815,384,227,000 802,696,366,000 9 SMGR 1,795,640,393 2,429,248,657,000 2,633,214,059,000 10 SOBI 364,690,280,000 516,716,634,000 522,092,513,000 11 TRST 1,157,829,918,398 1,121,478,313,060 776,931,474,524 12 ASII 31,512,000,000,000 40,163,000,000,000 40,006,000,000,000 13 AUTO 1,094,734,000,000 1,190,886,000,000 1,262,292,000,000 14 SMSM 315,575,744,877 341,279,214,734 397,397,235,616 15 BRAM 462,352,034,000 480,181,057,000 224,872,800,000 16 IKBI 149,272,740,590 129,272,498,459 69,844,457,698 17 DLTA 131,545,065,000 174,315,298,000 160,807,930,000 18 GGRM 9,640,418,000,000 8,553,688,000,000 8,848,424,000,000 19 DVLA 98,700,541,000 129,811,549,000 228,691,536,000 63
20 HMSP 7,614,388,000,000 8,083,4,000,000 7,250,522,000,000 21 INDF 18,791,384,000,000 26,432,369,000,000 24,886,781,000,000 22 KLBF 1,121,188,133,752 1,3,989,930,592 1,691,512,395,248 23 MYOR 785,733,927,472 1,646,322,490,012 1,622,969,656,943 24 MERK 50,829,679,000 47,740,685,000 79,786,650,000 25 MLBI 624,028,000,000 597,123,000,000 888,122,000,000 26 MRAT 36,426,354,180 51,135,982,537 49,211,308,083 27 TSPC 5,369,306,676 655,932,434,006 819,647,097,648 28 UNVR 2,639,287,000,000 3,397,915,000,000 3,776,415,000,000 29 AQUA 377,577,413,619 412,466,405,546 480,891,000,000 30 SQBI 68,720,255,000 80,179,561,000 55,485,474,000 31 TCID 51,556,836,404 94,623,628,100 113,822,972,438 Sumber: Tabulasi Data Diolah (2011) 64
LAMPIRAN 4 DIVIDEN TAHUN 2007 2009 (dalam Rp) No Kode 2007 2008 2009 1 RUIS 6,160,000,000 9,240,000,000 9,240,000,000 2 ANTM 547,255,666,000 2,062,984,177,000 547,255,666,000 3 BUDI 11,083,000,000 33,505,000,000 22,186,000,000 4 INTP 110,436,950,970 147,249,267,960 552,184,754,850 5 IGAR 3,150,000,000 5,250,000,000 2,997,496,500 6 LION 5,201,600,000 6,502,000,000 7,022,160,000 7 TOTO 19,814,400,000 17,337,600,000 17,337,600,000 8 MAIN 12,882,000,000 8,475,000,000 1,356,000,000 9 SMGR 647,760,210,000 887,711,283,000 1,605,792,143,000 10 SOBI 10,800,000,000 42,392,983,000 31,666,488,000 11 TRST 14,040,000,000 14,040,000,000 28,080,000,000 12 ASII 1,822,000,000,000 3,174,000,000,000 3,481,000,000,000 13 AUTO 69,404,000,000 246,770,000,000 230,576,000,000 14 SMSM 50,388,410,100 28,793,377,200 86,380,131,600 15 BRAM 5,400,000,000 28,350,000,000 56,250,000,000 16 IKBI 10,710,000,000 30,600,000,000 38,250,000,000 17 DLTA 20,817,135,000 22,418,453,000 56,046,134,000 18 GGRM 481,022,000,000 481,022,000,000 673,431,000,000 19 DVLA 25,200,000,000 25,200,000,000 25,200,000,000 65
20 HMSP 1,292,985,000,000 3,944,700,000,000 2,629,800,000,000 21 INDF 264,386,000,000 366,730,000,000 412,680,000,000 22 KLBF 101,560,144,220 101,560,144,220 126,950,180,275 23 MYOR 20,830,440,000 30,663,360,000 38,329,200,000 24 MERK 44,800,000,000 51,520,000,000 119,840,000,000 25 MLBI 85,123,000,000 75,852,000,000 579,425,000,000 26 MRAT 1,369,600,000 2,225,600,000 5,572,560,000 27 TSPC 112,500,000,000 270,000,000,000 180,000,000,000 28 UNVR 1,640,450,000,000 1,999,060,000,000 2,441,600,000,000 29 AQUA 8,292,357,990 13,162,473,000 15,795,000,000 30 SQBI 25,600,000,000 38,912,000,000 81,920,000,000 31 TCID 45,240,000,000 50,668,800,000 60,320,000,100 Sumber: Tabulasi Data Diolah (2011) 66
LAMPIRAN 5 HASIL SPSS Statistik Deskriptif Descriptives Descriptive Statistics N Minimum Maximum Mean Std. Deviation Dividen 93 1356000000 3944700000000 386000440290.16 803627259673.257 Laba Bersih 93 7348483975 10040000000000 933813016546.67 1828283853335.050 Arus Kas Operasi 93 2008910000 11335000000000 1095100544082.14 21783474513.342 Total Hutang 93 1795640393 40163000000000 3192432450793.84 7710888293392.556 Valid N (listwise) 93 67
Uji Normalitas NPar Tests (Sebelum Transformasi) One-Sample Kolmogorov-Smirnov Test Dividen Kas Laba Bersih Arus Kas Operasi Total Hutang N 93 93 93 93 Normal Mean 386000440290.16 933813016546.67 1095100544082.14 3192432450793.84 Parameters a,,b Std. Deviation 803627259673.257 1828283853335.050 21783474513.342 7710888293392.555 Most Extreme Differences Absolute.326.306.313.350 Positive.326.298.313.350 Negative -.316 -.306 -.308 -.340 Kolmogorov-Smirnov Z 3.148 2.953 3.015 3.376 Asymp. Sig. (2-tailed).000.000.000.000 a. Test distribution is Normal. b. Calculated from data. 68
NPar Tests (Setelah Transformasi) One-Sample Kolmogorov-Smirnov Test LN_X1 LN_X2 LN_X3 LN_Y N 93 93 93 93 Normal Parameters a,,b Mean 26.0231 26.1920 27.1177 24.8710 Std. Deviation 1.79685 1.91290 1.86657 1.97186 Most Extreme Differences Absolute.149.077.059.094 Positive.149.077.050.094 Negative -.079 -.075 -.059 -.063 Kolmogorov-Smirnov Z 1.471.739.566.904 Asymp. Sig. (2-tailed).061.646.906.387 a. Test distribution is Normal. b. Calculated from data. 69
Uji Asumsi Klasik Uji Multikolinearitas Coefficients a Unstandardized Coefficients Standardized Coefficients Collinearity Statistics Model B Std. Error Beta t Sig. Tolerance VIF 1 (Constant) -1.225 1.272 -.962.338 LN_X1.900.116.820 7.755.000.152 6.596 LN_X2.142.105.138 1.349.181.162 6.154 LN_X3 -.038.063 -.036 -.606.546.472 2.118 a. Dependent Variable: LN_Y 70
Uji Autokorelasi Regression Variables Entered/Removed Variables Variables Model Entered Removed Method 1 LN_X3, LN_X2, LN_X1 a. Enter a. All requested variables entered. Model Summary b Adjusted R Std. Error of the Model R R Square Square Estimate Durbin-Watson 1.921 a.849.844.77863 2.040 a. Predictors: (Constant), LN_X3, LN_X2, LN_X1 b. Dependent Variable: LN_Y 71
Uji Heterokedastisitas Charts 72
Uji Analisis Linier Berganda Uji Koefisien Determinasi Variables Entered/Removed Variables Variables Model Entered Removed Method 1 LN_X3, LN_X2, LN_X1 a. Enter a. All requested variables entered. Model Summary b Model R R Square Adjusted R Square Std. Error of the Estimate 1.921 a.849.844.77863 a. Predictors: (Constant), LN_X3, LN_X2, LN_X1 b. Dependent Variable: LN_Y 73
Uji F Collinearity Diagnostics a ANOVA b Model Sum of Squares df Mean Square F Sig. 1 Regression 303.759 3 101.253 167.009.000 a Residual 53.9 89.606 Total 357.717 92 a. Predictors: (Constant), LN_X3, LN_X2, LN_X1 b. Dependent Variable: LN_Y Uji t Coefficients a Standardized Unstandardized Coefficients Coefficients Model B Std. Error Beta t Sig. 1 (Constant) -1.225 1.272 -.962.338 LN_X1.900.116.820 7.755.000 LN_X2.142.105.138 1.349.181 LN_X3 -.038.063 -.036 -.606.546 a. Dependent Variable: LN_Y 74
Model Dimensi on Eigenvalue Condition Index Variance Proportions (Constant) LN_X1 LN_X2 LN_X3 1 1 3.995 1.000.00.00.00.00 2.003 35.332.89.02.05.01 3.002 49.028.10.03.07.98 4.000 97.212.01.94.88.02 a. Dependent Variable: LN_Y 75
Regression Residuals Statistics a Minimum Maximum Mean Std. Deviation N Predicted Value 21.6618 28.7812 24.8710 1.81707 93 Std. Predicted Value -1.766 2.152.000 1.000 93 Standard Error of Predicted Value.082.489.149.062 93 Adjusted Predicted Value 21.5461 28.7736 24.8649 1.82849 93 Residual -2.82217 1.73934.00000.763 93 Std. Residual -3.625 2.234.000.984 93 Stud. Residual -3.663 2.250.004 1.002 93 Deleted Residual -2.88231 1.76420.00608.798 93 Stud. Deleted Residual -3.952 2.304.002 1.019 93 Mahal. Distance.022 35.245 2.968 4.417 93 Cook's Distance.000.177.010.021 93 Centered Leverage Value.000.383.032.048 93 a. Dependent Variable: LN_Y 76
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