LAMPIRAN 1 Data Persentase Kepemilikan Manajerial, Kepemilikan Institusional, Return on Asset, dan Debt to Equity Ratio Beberapa Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2012 Tahun Kode MANAJERIAL INSTITUSIONAL ROA DER DPR SKLT 0.001 0.961 0.046 0.929 0.121 ULTJ. 0.180 0.466 0.146 0.444 0.082 KAEF 0.001 1.000 0.099 0.440 0.082 TSPC 0.001 0.772 0.139 0.382 0.536 GGRM 0.009 0.755 10.202 0.560 0.479 WIIM 0.475 0.225 0.064 0.839 0.670 TCID 0.052 0.738 0.119 0.150 0.495 BRNA 0.143 0.514 0.079 1.552 1.250 2012 TRST 0.019 0.484 0.051 1.000 0.909 DPNS 0.059 0.665 0.131 0.186 0.156 UNIC 0.002 0.762 0.007 0.777 1.193 ALMI 0.016 0.838 0.007 2.201 1.104 LION 0.002 0.577 0.197 0.166 0.183 LMSH 0.256 0.322 0.321 0.318 0.002 ASII 0.001 0.501 0.125 0.103 0.140 AUTO 0.001 0.957 0.128 0.619 0.385 GJTL 0.001 0.598 0.084 1.349 0.031 SMSM 0.057 0.548 0.186 0.757 0.617 66
LAMPIRAN 2 Data Persentase Kepemilikan Manajerial, Kepemilikan Institusional, Return on Asset, dan Debt to Equity Ratio Beberapa Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2013 Tahun Kode MANAJERIAL INSTITUSIONAL ROA DER DPR SKLT 0.001 0.961 0.038 1.162 0.181 ULTJ. 0.178 0.466 0.116 0.395 0.107 KAEF 0.001 1.000 0.087 0.522 0.052 TSPC 0.001 0.773 0.125 0.400 0.532 GGRM 0.009 0.755 0.086 0.726 0.356 WIIM 0.475 0.225 0.108 0.573 0.064 TCID 0.052 0.738 0.110 0.239 0.465 BRNA 0.143 0.514 0.019 2.678 1.643 2013 TRST 0.015 0.597 0.118 0.907 0.833 DPNS 0.058 0.664 0.265 0.147 0.086 UNIC 0.001 0.790 0.038 0.852 0.176 ALMI 0.016 0.760 0.009 3.187 0.236 LION 0.002 0.577 0.130 0.199 0.321 LMSH 0.256 0.322 0.102 0.283 0.010 ASII 0.001 0.501 0.104 1.015 0.450 AUTO 0.001 0.800 0.080 0.325 0.105 GJTL 0.001 1.196 0.008 1.682 0.771 SMSM 0.057 0.537 0.206 0.684 0.491 67
LAMPIRAN 3 Data Persentase Kepemilikan Manajerial, Kepemilikan Institusional, Return on Asset, dan Debt to Equity Ratio Beberapa Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2014 Tahun Kode MANAJERIAL INSTITUSIONAL ROA DER DPR SKLT 0.001 0.961 0.050 1.162 0.168 ULTJ. 0.179 0.466 0.097 0.288 0.173 KAEF 0.001 1.000 0.080 0.639 0.095 TSPC 0.001 0.775 0.108 0.353 0.581 GGRM 0.009 0.755 0.093 0.752 0.287 WIIM 0.475 0.225 0.084 0.560 0.356 TCID 0.052 0.738 0.094 0.444 0.427 BRNA 0.117 0.514 0.045 2.641 0.649 2014 TRST 0.012 0.597 0.020 0.851 0.455 DPNS 0.057 0.596 0.057 0.139 0.429 UNIC 0.001 0.790 0.011 0.645 1.277 ALMI 0.016 0.821 0.001 4.011 6.329 LION 0.002 0.577 0.082 0.352 0.425 LMSH 0.252 0.322 0.053 0.207 0.026 ASII 0.001 0.501 0.094 0.962 0.135 AUTO 0.001 0.800 0.067 0.419 0.133 GJTL 0.002 0.596 0.017 1.681 0.130 SMSM 0.077 0.537 0.241 0.525 0.424 68
No Kode Perusahaan 1 INTP 2 SMBR LAMPIRAN 4 Daftar Populasi-Sampel Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Selama Periode 2012-2014 Nama Perusahaan Kriteria LK SK ROA DER Deviden PT. Indocement Tunggal Prakasa PT. Semen Baturaja Persero 3 SMCB PT. Holcim Indonesia 4 SMGR PT. Semen Gresik 5 WTON PT. Wijaya Karya Beton 6 AMFG PT. Asahimas Flat Glass 7 ARNA PT. Arwana Citra Mulia 8 IKAI PT. Inti Keramik Alam Asri Industri 9 KIAS PT. Keramika Indonesia Assosiasi 10 MLIA PT. Mulia Industrindo Tbk 11 TOTO PT. Surya Toto Indonesia Sampel 12 ALKA PT. Alaska Industrindo 13 ALMI PT. Alumindo Light Metal Industry Tbk Sampel 1 14 BTON PT. Beton Jaya Manunggal 15 CTBN PT. Citra Turbindo Tbk - - - - - 16 GDST PT. Gunawan Dianjaya Steel 17 INAI PT. Indal Aluminium Industry Tbk 18 ISSP PT. Steel Pipe Industry of Indonesia Tbk - - - - - 19 ITMA PT. Itamaraya Tbk - - - - - 20 JKSW PT. Jakarta Kyoei Steel Work LTD Tbk - - 21 JPRS PT. Jaya Pari Steel 22 KRAS PT. Krakatau Steel 23 LION PT. Lion Metal Works Tbk Sampel 2 24 LMSH PT. Lionmesh Prima Tbk Sampel 3 25 MYRX PT. Hanson International Tbk - - - - - 26 NIKL PT. Pelat Timah Nusantara 69
27 PICO 28 TBMS PT. Pelangi Indah Canindo PT. Tembaga Mulia Semanan 29 BRPT PT. Barito Pasific 30 BUDI PT. Budi Acid Jaya 31 DPNS PT. Duta Pertiwi Nusantara Sampel 4 PT. Ekadharma International 32 EKAD 33 ETWA PT. Eterindo Wahanatama 34 INCI PT. Intan Wijaya International 35 SOBI PT. Sorini Agro Asia Corporindo Tbk - - - - - 36 SRSN PT. Indo Acitama PT. Chandra Asri 37 TPIA Petrochemical - 38 UNIC PT. Unggul Indah Cahaya Tbk Sampel 5 39 AKKU PT. Alam Karya Unggul PT. Argha Karya Prima 40 AKPI Industry 41 APLI PT. Asiaplast Industries 42 BRNA PT. Berlina Tbk Sampel 6 43 FPNI PT.Titan Kimia Nusantara 44 IGAR PT. Champion Pasific Indonesia 45 IMPC PT. Impack Pratama Industri Tbk - 46 IPOL PT. Indopoly Swakarsa Industry 47 SIAP PT. Sekawan Intipratama 48 SIMA PT. Siwani Makmur 49 TRST PT. Trias Sentosa Tbk Sampel 7 50 YPAS PT. Yana Prima Hasta Persada 51 CPIN PT. Charoen Pokphand Indonesia 52 JPFA PT. Japfa Comfeed Indonesia 53 MAIN PT. Malindo Feedmill 54 SIPD PT. Siearad Produce Tbk - - 55 SULI PT. Sumalindo Lestari Jaya 56 TIRT PT. Tirta Mahakam Resources Tbk - - 70
57 ALDO PT. Alkindo Naratama PT. Dwi Aneka Jaya 58 DAJK Kemasindo Tbk - - 59 FASW PT. Fajar Surya Wisesa Tbk - - PT. Indah Kiat Pulp & paper 60 INKP 61 INRU PT. Toba Pulp Lestari Tbk - - PT. Kertas Basuki Rachmat 62 KBRI Indonesia 63 SPMA PT. Suparma Tbk - - PT. Pabrik Kertas Tjiwi Kimia 64 TKIM 65 KRAH PT. Grand Kartech 66 ASII PT. Astra International Tbk Sampel 8 67 AUTO PT. Astra Auto Part Tbk Sampel 9 68 BRAM PT. Indo Kordsa 69 GDYR PT. Goodyear Indonesia 70 GJTL PT. Gajah Tunggal Tbk Sampel 10 PT. Indomobil Sukses 71 IMAS International Tbk - - 72 INDS PT. Indospring Tbk - - 73 LPIN PT. Multi Prima Sejahtera PT. Multistrada Arah Sarana 74 MASA 75 NIPS PT. Nippres PT. Prima alloy steel Universal 76 PRAS 77 SMSM PT. Selamat Sempurna Tbk Sampel 11 78 ADMG PT. Polychem Indonesia 79 ARGO PT. Argo Pantes 80 CNTX PT. Centex 81 ERTX PT. Eratex Djaya Tbk - - PT. Ever Shine Textile 82 ESTI Industry 83 HDTX PT. Pan Asia Indosyntec 84 INDR PT. Indo Rama Synthetic 85 KARW PT. Karwell Indonesia 86 MYTX PT. Apac Citra Centertex Tbk - - - - - 87 PBRX PT. Pan Brothers 88 POLY PT. Asia Pasific Fibers 89 RICY PT. Ricky Putra Globalindo 90 SRIL PT. Sri Rejeki Isman Tbk - - - - - 71
91 SSTM PT. Sunson Textile Manufacturer Tbk - - 92 TRIS PT. Trisula International Tbk - - PT. Nusantara Inti Corpora 93 UNIT Tbk - - 94 UNTX PT. Unitex 95 BATA PT. Sepatu Bata Tbk - - 96 BIMA PT. Primarindo Asia Infrastructure Tbk - - - - - 97 IKBI PT. Sumi Indo Kabel Tbk - - - - - 98 JECC PT. Jembo Cable Company 99 KBLI PT. KMI Wire and Cable 100 KBLM PT. Kabelindo Murni 101 SCCO PT. Supreme Cable Manufacturing and Commerce 102 VOKS PT. Voksel Electric 103 PTSN PT. Sat Nusa Persada 104 DLTA PT. Delta Djakarta Tbk - - 105 ICBP PT. Indofood CBP Sukses Makmur Tbk - - 106 INDF PT. Indofood Sukses Makmur Tbk - - 107 MLBI PT. Multi Bintang Indonesia Tbk - - 108 MYOR PT. Mayora Indah Tbk - - 109 PSDN PT. Prashida Aneka Niaga Tbk - - - - - 110 SKBM PT. Sekar Bumi 111 SKLT PT. Sekar Laut Tbk Sampel 12 112 STTP. PT. Siantar Top 113 ULTJ. PT. Ultrajaya Milk Industry and Trading Company Tbk Sampel 13 114 ADES PT. Akasha Wira International 115 AISA. PT. Tiga Pilar Sejahtera Food 116 ALTO PT. Tri Banyan Tirta Tbk - - 117 CEKA. PT. Cahaya Kalbar 118 ROTI PT. Nippon Indosari Corporindo 119 DVLA PT. Darya Varia Laboratoria 120 INAF PT. Indofarma 121 KAEF PT. Kimia Farma Tbk Sampel 14 72
122 KLBF PT. Kalbe Farma 123 MERK PT. Merck 124 PYFA PT. Pyridam Farma 125 SCPI PT. Schering Plough Indonesia 126 SIDO PT. Industri Jamu dan Farmasi Sido Muncul 127 SQBB PT. Taisho Pharmaceutical Indonesia 128 TSPC PT. Tempo Scan Pasific Tbk Sampel 15 129 GGRM PT. Gudang Garam Tbk Sampel 16 130 HMSP PT. Hanjaya Mandala Sampoerna 131 RMBA PT. Bentoel International Investama 132 WIIM PT. Wismilak Inti Makmur Tbk Sampel 17 133 MBTO PT. Martina Berto Tbk - - 134 MRAT PT. Mustika Ratu 135 TCID PT. Mandom Indonesia Tbk Sampel 18 136 UNVR PT. Unilever Indonesia Tbk - - - - - 137 CINT PT. Chitose Internasional Tbk - - - - - PT. Kedawung Setia Industrial 138 KDSI 139 KICI PT. Kedaung Indag Can Tbk - - PT. Langgeng Makmur 140 LMPI Industry Tbk - - Adapunsampelpenelitiandiambilsetelahmemenuhibeberapa kriteriasebagai berikut: 1. Perusahaan yang listing dan terdaftar di Bursa Efek Indonesia Periode 2012 2014. 2. Perusahaan Manufaktur yang menyajikan laporan keuangan secara lengkap pada periode 2012 2014. 3. Perusahaan yang menyajikan secara jelas struktur kepemilikan manajerial dan institusional. 4. Perusahaan yang tercatat di Bursa Efek Indonesia yang membagikan dividen secara konsisten pada periode Januari 2012 Desember 2014 73
LAMPIRAN 5 STATISTIK DESKRIPTIF Descriptive Statistics N Minimum Maximum Mean Std. Deviation MANAJERIAL 54.000.475.07021.121961 INSTITUSIONAL 54.225 1.196.65631.217326 ROA 54.001 10.202.28100 1.377126 DER 54.103 4.011.84035.801517 DPR 54.002 6.329.51506.885710 Valid N (listwise) 54 HASIL UJI NORMALITAS (KOLMOGOROV SMIRNOV) One-Sample Kolmogorov-Smirnov Test Unstandardized Residual N 54 Normal Parameters a,b Mean.0000000 Std. Deviation.67399591 Most Extreme Differences Absolute.193 Positive.193 Negative -.145 Kolmogorov-Smirnov Z 1.421 Asymp. Sig. (2-tailed).035 a. Test distribution is Normal. b. Calculated from data. 74
HASIL UJI NORMALITAS (KOLMOGOROV SMIRNOV SETELAH LN) One-Sample Kolmogorov-Smirnov Test Unstandardized Residual N 54 Normal Parameters a,b Mean.0000000 Std. Deviation 1.15898980 Most Extreme Differences Absolute.107 Positive.077 Negative -.107 Kolmogorov-Smirnov Z.788 Asymp. Sig. (2-tailed).564 a. Test distribution is Normal. b. Calculated from data. HASIL UJI NORMALITAS (GRAFIK HISTOGRAM) 75
HASIL UJI NORMALITAS (NORMAL PLOT) HASIL UJI MULTIKOLINEARITAS Coefficients a Model Collinearity Statistics Tolerance VIF (Constant) 1 MANAJERIAL.457 2.187 INSTITUSIONAL.451 2.217 ROA.989 1.011 DER.968 1.033 a. Dependent Variable: LNDPR 76
HASIL UJI HETEROSKEDASTISITAS HASIL UJI AUTOKORELASI Model Summary b Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson 1.487 a.237.175 1.20537 1.858 a. Predictors: (Constant), DER, ROA, MANAJERIAL, INSTITUSIONAL b. Dependent Variable: LNDPR 77
LAMPIRAN 6 HASIL UJI HIPOTESIS SECARA SEREMPAK (UJI F) ANOVA a Model Sum of Squares df Mean Square F Sig. Regression 22.135 4 5.534 3.809.009 b 1 Residual 71.193 49 1.453 Total 93.327 53 a. Dependent Variable: LNDPR b. Predictors: (Constant), ROA, INSTITUSIONAL, DER, MANAJERIAL HASIL UJI HIPOTESIS SECARA SEREMPAK (UJI t) Coefficients a Model Unstandardized Coefficients Standardized Coefficients B Std. Error Beta t Sig. (Constant) -1.838.868-2.118.039 MANAJERIAL -2.249 2.007 -.207-1.120.268 1 INSTITUSIONAL.049 1.134.008.043.966 DER.687.210.415 3.273.002 ROA.061.121.063.506.615 a. Dependent Variable: LNDPR 78