Daftar Nama Perusahaan Manufaktur Dalam Penelitian

Daftar Nama Perusahaan Manufaktur Dalam Penelitian NO KODE NAMA PERUSAHAAN 1 AISA PT Tiga Pilar Sejahtera Food Tbk 2 AKPI PT Argha Karya Prima Industry Tbk 3 ALMI PT Alumindo Light Metal Industry Tbk 4 AMFG PT AsahimasFlat Glass Tbk 5 ARNA PT Arwana Citramulia Tbk 6 ASII PT Astra International Tbk 7 AUTO PT Astra Otoparts Tbk 8 BRAM PT Indo Kordsa Tbk 9 BRNA PT Berlina Tbk 10 BUDI PT Budi Acid Jaya Tbk 11 CEKA PT Cahaya Kalbar Tbk 12 CPIN PT Charoen Pokphand Indonesia Tbk 13 CTBN PT Citra Tubindo Tbk 14 DLTA PT Delta Djakarta Tbk 15 DVLA PT Darya-Varia Laboratoria Tbk 16 EKAD PT Ekadharma International Tbk 17 FASW PT Fajar Surya Wises Tbk 18 GDYR PT Goodyear Indonesia Tbk 19 GGRM PT Gudang Garam Tbk 20 GJTL PT Gajah Tunggal Tbk 21 HMSP PT Hanjaya Mandala Sampoerna Tbk 22 ICBP PT Indofood CBP Sukses Makmur Tbk 23 IGAR PT Champion Pacific Indonesia Tbk 24 IKBI PT Sumi Indo Kabel Tbk 25 IMAS PT Indomobil Sukses Internasional Tbk 26 INAF PT Indofarma (Persero) Tbk 27 INAI PT Indal Aluminium Industry Tbk 28 INDF PT Indofood Sukses Makmur Tbk 29 INDS PT Indospring Tbk 30 INKP PT Indah Kiat Pulp & Paper Tbk 31 INTP PT Indocement Tunggal Prakarsa Tbk 32 IPOL PT Indopoly Swakarsa Industry Tbk 33 JECC PT Jembo Cable Company Tbk 34 JPFA PT JAPFA Tbk 35 KAEF PT Kimia Farma (Persero) Tbk 36 KBLI PT KMI Wire and Cable Tbk

37 KBLM PT Kabelindo Murni Tbk 38 KIAS PT Keramika Indonesia Assosiasi Tbk 39 KLBF PT Kalbe Farma Tbk 40 KRAS PT Krakatau Steel Tbk 41 LION PT Lion Metal Works Tbk 42 LMSH PT Lionmesh Prima Tbk 43 MASA PT Multistrada Arah Sarana Tbk 44 MERK PT Merck Tbk 45 MLBI PT Multi Bintang Indonesia Tbk 46 MRAT PT Mustika Ratu Tbk 47 MYOR PT Mayora Indah Tbk 48 NIKL PT Pelat Timah Nusantara Tbk 49 PTSN PT Sat Nusantara Tbk 50 ROTI PT Nippon Indosari Corpindo Tbk 51 SCCO PT Supreme Cable Manufacturing & Commerce Tbk 52 SKLT PT Sekar Laut Tbk 53 SMCB PT Holcim Indonesia Tbk 54 SMGR PT Semen Indonesia Tbk 55 SMSM PT Selamat Sempurna Tbk 56 SQBI PT Taisho Pharmaceutical Indonesia Tbk 57 TBMS PT Tembaga Mulia Semanan Tbk 58 TCID PT Mandom Indonesia Tbk 59 TKIM PT Pabrik Kertas Tjiwi Kimia Tbk 60 TOTO PT Surya Toto Indonesia Tbk 61 TPIA PT Chandra Asri Petrochemical Tbk 62 TRST PT Trias Sentosa Tbk 63 TSPC PT Tempo Scan Pacific Tbk 64 UNIC PT Unggul Indah Cahaya Tbk 65 UNVR PT Unilever Indonesia Tbk 66 VOKS PT Voksel Electric Tbk

Daftar Data Rasio-rasio Perusahaan Manufaktur NO PERUSAHAAN TAHUN PBV DPR ROA INST LEV SALES 1 AISA 2012 1.553957 9.195402 6.558733 48.48 47.42306 6.438957 2 AKPI 2013 0.535007 6.20438 8.926074 75.1 50.62111 6.220993 3 AKPI 2014 0.544977 32 0.759662 75.09 53.48783 6.289005 4 ALMI 2010 0.511571 49.29577 2.906817 83.83 66.37326 6.479873 5 AMFG 2010 1.365992 10.48493 13.94947 84.67 22.32653 6.384916 6 AMFG 2012 1.466172 10.01252 11.12559 84.7 21.1314 6.455957 7 ARNA 2010 1.300448 34.88372 9.05224 69.92 52.46428 5.919174 8 ARNA 2011 1.387833 38.46154 11.53862 69.16 41.89033 5.965053 9 ARNA 2012 4.969697 46.51163 16.92882 61.37 35.47751 6.046754 10 ARNA 2013 1.957041 3.818616 20.93804 50.46 32.30624 6.151566 11 ASII 2010 4.478286 16.90617 12.72938 50.11 47.99702 8.113913 12 ASII 2012 3.424966 27.02703 12.32211 50.11 50.72583 8.27428 13 ASII 2013 2.592451 25.93857 11.07882 50.11 50.37805 8.287533 14 ASII 2014 2.498318 27.78793 9.384864 50.11 4.959136 8.304708 15 AUTO 2010 2.786099 29.32432 20.42981 95.65 26.54394 6.796235 16 AUTO 2011 0.555193 5.230126 15.87612 95.65 32.18351 6.867094 17 AUTO 2012 2.600141 31.1828 12.11973 96.65 38.24229 6.917898 18 AUTO 2013 1.840645 36.84211 8.715621 80 24.24316 7.029464 19 AUTO 2014 1.407507 30.12552 7.997913 80 29.51388 7.088328 20 BRAM 2011 0.804942 40.98361 3.311751 65.82 27.61212 6.278802 21 BRAM 2014 1.303441 27.3224 5.528828 65.82 42.05261 6.412153 22 BRNA 2010 1.096642 35.71429 6.309776 59.66 59.34631 5.754599 23 BRNA 2014 1.327684 19.31818 4.53449 51.42 72.53738 6.099971 24 BUDI 2010 1.089109 41.66667 2.344441 52.6 59.23986 6.327232 25 CEKA 2013 0.653153 45.87156 6.064918 92.01 50.61129 6.403443 26 CPIN 2010 1.353937 5.934718 33.90875 55.53 31.23893 7.178339 27 CPIN 2012 7.314629 28.22086 21.70988 55.53 33.78645 7.328602 28 CPIN 2013 5.560132 29.87013 16.08357 61.63 36.70796 7.409307 29 CPIN 2014 5.667166 16.82243 8.481968 55.53 48.16889 7.464643 30 CTBN 2010 1.985703 87.86408 6.711693 80.92 58.7155 6.28442 31 CTBN 2012 2.552204 71.46283 12.86262 80.92 33.92145 6.288315 32 CTBN 2013 1.944685 3.247863 13.91738 82.45 44.95629 6.476537 33 DLTA 2010 3.326403 120.4681 19.69633 84.6 16.26107 5.738636 34 DLTA 2012 6.82603 86.28451 28.63531 81.67 19.73616 5.857304 35 DLTA 2013 8.994083 71.03955 31.19783 81.67 21.96932 5.938062 36 DVLA 2010 2.045455 30.30303 12.98205 92.66 24.99772 5.968155 37 DVLA 2012 2.250333 26.31579 13.85598 92.66 21.69414 6.036381 38 DVLA 2013 2.692778 19.64286 10.57061 92.66 23.13769 6.042057

39 EKAD 2012 1.272727 11.42857 17.97198 74.45 29.90803 5.58548 40 EKAD 2013 1.147059 12.32877 14.93589 75.45 30.8188 5.621871 41 EKAD 2014 1.317136 15 10.15707 75.45 33.58462 5.721459 42 FASW 2014 2.48494 42.85714 1.554309 74.74 70.53077 6.736949 43 GDYR 2010 21.18644 263.1579 5.807928 94.32 63.79853 6.2402 44 GDYR 2011 15.9699 928.5714 1.64866 94.16 63.93368 6.274132 45 GDYR 2012 0.988269 17.46032 5.385972 94.02 57.4465 6.293783 46 GDYR 2013 1.431693 27.4223 4.15864 94.02 49.36799 6.354558 47 GGRM 2010 3.630752 40.83527 13.48749 75.55 30.647 7.576249 48 GGRM 2011 4.866667 38.80481 12.68423 75.55 37.19176 7.622052 49 GGRM 2012 4.071449 37.82506 9.80192 75.55 35.90425 7.69045 50 GGRM 2014 3.514765 28.53067 9.266983 75.55 42.92618 7.814153 51 GJTL 2010 2.272727 5.042017 8.008664 59.81 65.99745 6.993608 52 GJTL 2011 2.360346 3.690037 8.187937 59.81 61.65163 7.073403 53 GJTL 2012 1.415394 8.653846 8.283847 59.81 57.43223 7.099632 54 GJTL 2013 1.02252 10.20408 2.218054 59.81 62.70969 7.09177 55 GJTL 2014 0.829936 11.90476 1.831321 59.61 62.70442 7.1163 56 HMSP 2010 12.08155 18.43003 31.2857 98.18 50.22952 7.637306 57 HMSP 2012 19.72991 58.11354 37.3575 98.18 49.29648 7.823645 58 HMSP 2013 19.31889 37.59124 39.43849 98.18 48.34795 7.875207 59 ICBP 2010 3.055556 39.72603 12.75359 80.58 29.93068 7.254309 60 ICBP 2012 1.50463 33.33333 8.212069 50.07 42.44731 7.699486 61 ICBP 2013 4.483516 48.46939 10.75181 80.53 37.62431 7.399582 62 ICBP 2014 5.079488 51.27021 10.12568 80.53 39.62337 7.477446 63 IGAR 2012 1.623377 95.2381 14.24972 92.22 22.51275 5.745423 64 IGAR 2011 1.714801 141.5094 15.55824 92.22 18.27831 5.709926 65 IKBI 2010 0.745805 66.66667 0.76562 93.06 18.04051 6.088597 66 IKBI 2014 0.395738 34.17722 2.436595 93.06 18.59675 6.293961 67 INAF 2012 1.571429 7.142857 3.565903 80.66 45.30611 6.062977 68 INAI 2014 0.76087 50 2.458424 67.2 83.74625 5.970097 69 INDF 2010 2.549686 39.58333 6.246004 50.07 47.43028 7.584369 70 INDF 2012 1.50463 33.33333 8.212069 50.07 42.44731 7.699486 71 INDF 2013 1.510297 24.14966 6.609121 50.07 50.86214 7.761417 72 INDF 2014 1.4377 40.14599 5.600047 50.07 52.02594 7.803419 73 INDS 2012 1.16408 111.5023 8.053201 88.11 31.7283 6.169377 74 INDS 2013 0.801138 12.77139 18.72459 88.11 20.19801 6.231074 75 INDS 2014 0.5743 28.20513 5.603886 88.11 19.90427 6.271139 76 INKP 2014 0.190902 3.484321 1.935093 52.72 63.05766 7.515467 77 INTP 2010 4.490428 30.02283 21.01467 64.03 14.63265 7.0468 78 INTP 2012 4.255924 34.77589 20.93322 64.03 14.66227 7.237803 79 INTP 2013 3.204101 63.51447 19.61103 64.03 13.64123 7.271639

80 INTP 2014 3.713055 96.42857 17.84241 64.03 14.19483 7.300949 81 IPOL 2010 1.405405 11.53846 7.671633 62.29 50.63373 6.210893 82 IPOL 2012 0.546392 10 2.667659 64.29 50.13907 6.341974 83 JECC 2011 0.711744 57.89474 4.271352 90.15 79.66678 6.10292 84 JECC 2012 2.010582 56.60377 4.515237 90.15 79.84696 6.091606 85 JPFA 2011 2.10728 23.88535 7.865185 57.7 54.20813 7.194044 86 JPFA 2012 2.775271 3.992016 9.829262 57.7 56.54469 7.251217 87 JPFA 2013 0.5 3.267974 3.698312 57.7 64.16833 7.330659 88 KAEF 2010 0.791045 13504 8.37004 90.03 32.7798 7.194044 89 KAEF 2012 2.846154 16.21622 9.909909 90.03 30.57361 6.572202 90 KAEF 2014 4.549689 11.62791 7.968877 90.03 38.98143 6.655237 91 KBLI 2012 0.886256 25.6 10.77853 73.72 27.24951 6.356637 92 KBLM 2010 0.539216 50 0.97273 75.23 43.55064 5.734494 93 KBLM 2011 0.518182 17.64706 2.955572 74.72 61.99361 5.936892 94 KBLM 2012 0.567227 14.28571 3.296673 74.72 63.37931 6.008684 95 KIAS 2014 1.020833 33.33333 3.920821 98.24 10.0209 5.952781 96 KLBF 2011 5.29595 62.5 18.6079 64.32 21.25334 7.037899 97 KLBF 2012 7.310345 54.28571 18.81549 64.32 21.72779 7.1347 98 KLBF 2013 6.906077 39.53488 17.71306 56.71 24.87926 7.204178 99 KLBF 2014 8.755981 42.22222 17.1365 56.71 20.98632 7.239763 100 KRAS 2011 1.280488 23.07692 4.754848 80 51.86317 7.253226 101 LION 2011 0.904081 29.70297 13.62366 57.7 16.53329 5.428805 102 LION 2013 1.501314 32.12851 12.9894 57.7 16.60435 5.523322 103 LMSH 2011 0.839067 8.810573 11.11723 32.22 41.64091 5.317066 104 LMSH 2013 0.695229 13.35113 10.15046 32.22 22.03913 5.408598 105 MASA 2010 1.240602 3.477051 5.795198 47.8 46.38202 6.302513 106 MASA 2011 1.730104 8.576329 3.01422 47.8 62.48108 6.456659 107 MERK 2010 6.280416 84.17877 27.32354 74 16.50351 5.900743 108 MERK 2011 5.862313 0.077519 39.55567 74 15.43612 5.963094 109 MERK 2012 8.169847 0.083108 18.93258 86.65 26.81431 5.968426 110 MERK 2013 8.265186 0.076609 25.17344 86.65 26.50539 6.076987 111 MERK 2014 6.473016 80.23701 25.32403 86.65 22.7336 5.936115 112 MLBI 2010 12.29376 0.0999 38.95198 82.53 49.75138 6.252893 113 MLBI 2011 14.26471 28.88492 41.56099 82.53 56.56436 6.269221 114 MLBI 2012 47.26924 0.069706 39.35643 82.53 71.36812 6.195065 115 MLBI 2013 25.60328 81.41643 66.90909 83.67 44.58749 6.551693 116 MLBI 2014 0.454649 0.368964 35.32223 83.67 75.17775 6.475453 117 MRAT 2011 0.597372 26.66667 6.104006 80.22 12.79643 5.608864 118 MRAT 2012 0.543237 21.25 7.558077 80.22 15.27774 5.661052 119 MYOR 2011 4.505217 20.60222 7.330868 33.07 63.26172 6.975609 120 MYOR 2012 4.997501 23.73581 8.947142 33.07 63.04911 7.021629

121 NIKL 2010 2.227979 33.33333 8.126739 80 46.88426 6.134145 122 NIKL 2013 1.025 100 0.223433 80.11 65.49112 6.325535 123 PTSN 2012 0.401606 11.2 1.063326 22.07 41.78232 6.364503 124 ROTI 2010 5.888889 25.25253 16.96089 80.75 19.17724 5.786888 125 ROTI 2012 10.48632 25.17007 12.37816 75.75 44.67731 6.075848 126 ROTI 2013 1.311054 1.923077 8.669334 70.75 56.80349 6.177687 127 SCCO 2010 6.587838 30.40541 5.249077 67.86 62.98176 6.342106 128 SCCO 2011 1.237134 31.83521 7.544958 67.86 64.3276 6.526821 129 SCCO 2012 1.273185 30.26634 11.41567 67.86 56.01353 6.549357 130 SCCO 2013 1.278327 29.35421 5.956873 67.86 59.84119 6.574152 131 SKLT 2012 1.077844 25 3.188439 96.09 48.15452 5.603928 132 SMCB 2010 2.52809 21.2963 7.937168 80.65 34.5996 6.775289 133 SMCB 2011 2.214868 22.46377 9.634144 80.65 31.26115 6.876447 134 SMCB 2012 2.638763 44.44444 11.35228 80.65 78.79993 6.954777 135 SMCB 2013 1.9869 40.45802 6.756386 80.65 83.03009 6.986156 136 SMGR 2010 4.668972 40.45677 23.34524 51.01 21.99606 7.156676 137 SMGR 2011 4.646916 49.62519 20.11674 51.01 25.66681 7.214282 138 SMGR 2012 5.176355 44.33735 18.52882 51.01 31.65733 7.292224 139 SMGR 2013 3.849293 41.23607 19.00447 51.01 29.19151 7.389188 140 SMGR 2014 3.843416 39.80892 16.28268 51.01 27.13771 7.431155 141 SMSM 2011 2.918455 65.78947 19.28649 58.13 41.01181 6.257172 142 SMSM 2014 5.959849 8.561644 24.03322 58.13 34.44379 6.420428 143 SQBI 2011 4.316035 0.093817 34.13133 99 16.84577 5.533791 144 SQBI 2012 7.490637 0.098425 34.05541 90 18.07531 5.588311 145 SQBI 2013 8.969668 0.095877 35.49999 98 17.60172 5.629854 146 TBMS 2011 0.781975 17.46725 1.435801 86.23 90.53999 6.782982 147 TCID 2010 1.526394 51.98777 12.55159 73.78 9.43033 6.166412 148 TCID 2011 1.517241 53.16092 12.38335 73.78 9.767037 6.21879 149 TCID 2012 2.016499 49.33333 11.95357 73.78 13.05917 6.267442 150 TCID 2013 2.022434 46.30788 10.95288 73.78 19.30227 6.307046 151 TCID 2014 2.745574 42.52874 9.437983 73.78 30.74251 6.363274 152 TKIM 2010 0.659921 4.792332 1.99901 60 71.0108 7.080505 153 TKIM 2014 0.098028 4.878049 0.814037 60 65.64629 7.17196 154 TOTO 2011 3.256693 22.65006 16.32793 96.2 43.22499 6.127729 155 TOTO 2012 3.667954 20.9205 15.54486 96.2 41.01358 6.197766 156 TOTO 2013 3.682449 20.9205 13.54719 96.2 40.69041 6.233328 157 TOTO 2014 3.197908 40.40404 14.53241 96.2 39.26899 6.312522 158 TPIA 2013 1.252104 43.47826 0.435767 95.35 55.15854 7.487897 159 TRST 2014 0.606061 21.73913 2.019327 59.71 45.98776 6.399308 160 TSPC 2010 2.953368 40 13.5352 95.03 26.32227 6.710476 161 TSPC 2011 3.766617 57.69231 13.77076 77.29 28.33725 6.761978

162 TSPC 2012 5 52.44755 13.891 77.26 27.62429 6.821567 163 UNIC 2011 0.591541 61.22449 2.212185 76.22 49.06875 6.62178 164 UNIC 2012 0.567376 71.69811 0.841894 76.22 43.71662 6.64841 165 UNIC 2013 0.410311 45.21739 2.672415 79.01 45.99068 6.731307 166 UNVR 2010 31.13208 77.47748 38.92504 85 53.46821 7.294251 167 UNVR 2012 40.09615 52.68139 40.37675 85 66.88884 7.436214 168 UNVR 2013 46.59498 52.849 40.10001 85 67.67599 7.48795 169 VOKS 2012 1.418733 28.24859 8.658083 48.65 64.48538 6.394833

Datar Perusahaan Sesudah Outliyer NO PERUSAHAAN TAHUN B_PBV C_DPR D_ROA E_INST F_LEV G_SALES 1 AISA 2012 1.553957 9.195402 6.558733 48.48 47.42306 6.438957 2 AKPI 2013 0.535007 6.20438 8.926074 75.1 50.62111 6.220993 3 AKPI 2014 0.544977 32 0.759662 75.09 53.48783 6.289005 4 ALMI 2010 0.511571 49.29577 2.906817 83.83 66.37326 6.479873 5 AMFG 2010 1.365992 10.48493 13.94947 84.67 22.32653 6.384916 6 AMFG 2012 1.466172 10.01252 11.12559 84.7 21.1314 6.455957 7 ARNA 2010 1.300448 34.88372 9.05224 69.92 52.46428 5.919174 8 ARNA 2011 1.387833 38.46154 11.53862 69.16 41.89033 5.965053 9 ARNA 2012 4.969697 46.51163 16.92882 61.37 35.47751 6.046754 10 ARNA 2013 1.957041 3.818616 20.93804 50.46 32.30624 6.151566 11 ASII 2010 4.478286 16.90617 12.72938 50.11 47.99702 8.113913 12 ASII 2012 3.424966 27.02703 12.32211 50.11 50.72583 8.27428 13 ASII 2013 2.592451 25.93857 11.07882 50.11 50.37805 8.287533 14 ASII 2014 2.498318 27.78793 9.384864 50.11 4.959136 8.304708 15 AUTO 2010 2.786099 29.32432 20.42981 95.65 26.54394 6.796235 16 AUTO 2011 0.555193 5.230126 15.87612 95.65 32.18351 6.867094 17 AUTO 2012 2.600141 31.1828 12.11973 96.65 38.24229 6.917898 18 AUTO 2013 1.840645 36.84211 8.715621 80 24.24316 7.029464 19 AUTO 2014 1.407507 30.12552 7.997913 80 29.51388 7.088328 20 BRAM 2011 0.804942 40.98361 3.311751 65.82 27.61212 6.278802 21 BRAM 2014 1.303441 27.3224 5.528828 65.82 42.05261 6.412153 22 BRNA 2010 1.096642 35.71429 6.309776 59.66 59.34631 5.754599 23 BRNA 2014 1.327684 19.31818 4.53449 51.42 72.53738 6.099971 24 BUDI 2010 1.089109 41.66667 2.344441 52.6 59.23986 6.327232 25 CEKA 2013 0.653153 45.87156 6.064918 92.01 50.61129 6.403443 26 CPIN 2010 1.353937 5.934718 33.90875 55.53 31.23893 7.178339 27 CPIN 2012 7.314629 28.22086 21.70988 55.53 33.78645 7.328602 28 CPIN 2013 5.560132 29.87013 16.08357 61.63 36.70796 7.409307 29 CPIN 2014 5.667166 16.82243 8.481968 55.53 48.16889 7.464643 30 CTBN 2010 1.985703 87.86408 6.711693 80.92 58.7155 6.28442 31 CTBN 2012 2.552204 71.46283 12.86262 80.92 33.92145 6.288315 32 CTBN 2013 1.944685 3.247863 13.91738 82.45 44.95629 6.476537 33 DLTA 2010 3.326403 19.69633 84.6 16.26107 5.738636 34 DLTA 2012 6.82603 86.28451 28.63531 81.67 19.73616 5.857304 35 DLTA 2013 8.994083 71.03955 31.19783 81.67 21.96932 5.938062 36 DVLA 2010 2.045455 30.30303 12.98205 92.66 24.99772 5.968155 37 DVLA 2012 2.250333 26.31579 13.85598 92.66 21.69414 6.036381 38 DVLA 2013 2.692778 19.64286 10.57061 92.66 23.13769 6.042057

39 EKAD 2012 1.272727 11.42857 17.97198 74.45 29.90803 5.58548 40 EKAD 2013 1.147059 12.32877 14.93589 75.45 30.8188 5.621871 41 EKAD 2014 1.317136 15 10.15707 75.45 33.58462 5.721459 42 FASW 2014 2.48494 42.85714 1.554309 74.74 70.53077 6.736949 43 GDYR 2010 21.18644 5.807928 94.32 63.79853 6.2402 44 GDYR 2011 15.9699 1.64866 94.16 63.93368 6.274132 45 GDYR 2012 0.988269 17.46032 5.385972 94.02 57.4465 6.293783 46 GDYR 2013 1.431693 27.4223 4.15864 94.02 49.36799 6.354558 47 GGRM 2010 3.630752 40.83527 13.48749 75.55 30.647 7.576249 48 GGRM 2011 4.866667 38.80481 12.68423 75.55 37.19176 7.622052 49 GGRM 2012 4.071449 37.82506 9.80192 75.55 35.90425 7.69045 50 GGRM 2014 3.514765 28.53067 9.266983 75.55 42.92618 7.814153 51 GJTL 2010 2.272727 5.042017 8.008664 59.81 65.99745 6.993608 52 GJTL 2011 2.360346 3.690037 8.187937 59.81 61.65163 7.073403 53 GJTL 2012 1.415394 8.653846 8.283847 59.81 57.43223 7.099632 54 GJTL 2013 1.02252 10.20408 2.218054 59.81 62.70969 7.09177 55 GJTL 2014 0.829936 11.90476 1.831321 59.61 62.70442 7.1163 56 HMSP 2010 12.08155 18.43003 31.2857 98.18 50.22952 7.637306 57 HMSP 2012 19.72991 58.11354 37.3575 98.18 49.29648 7.823645 58 HMSP 2013 19.31889 37.59124 39.43849 98.18 48.34795 7.875207 59 ICBP 2010 3.055556 39.72603 12.75359 80.58 29.93068 7.254309 60 ICBP 2012 1.50463 33.33333 8.212069 50.07 42.44731 7.699486 61 ICBP 2013 4.483516 48.46939 10.75181 80.53 37.62431 7.399582 62 ICBP 2014 5.079488 51.27021 10.12568 80.53 39.62337 7.477446 63 IGAR 2012 1.623377 95.2381 14.24972 92.22 22.51275 5.745423 64 IGAR 2011 1.714801 15.55824 92.22 18.27831 5.709926 65 IKBI 2010 0.745805 66.66667 0.76562 93.06 18.04051 6.088597 66 IKBI 2014 0.395738 34.17722 2.436595 93.06 18.59675 6.293961 67 INAF 2012 1.571429 7.142857 3.565903 80.66 45.30611 6.062977 68 INAI 2014 0.76087 50 2.458424 67.2 83.74625 5.970097 69 INDF 2010 2.549686 39.58333 6.246004 50.07 47.43028 7.584369 70 INDF 2012 1.50463 33.33333 8.212069 50.07 42.44731 7.699486 71 INDF 2013 1.510297 24.14966 6.609121 50.07 50.86214 7.761417 72 INDF 2014 1.4377 40.14599 5.600047 50.07 52.02594 7.803419 73 INDS 2012 1.16408 111.5023 8.053201 88.11 31.7283 6.169377 74 INDS 2013 0.801138 12.77139 18.72459 88.11 20.19801 6.231074 75 INDS 2014 0.5743 28.20513 5.603886 88.11 19.90427 6.271139 76 INKP 2014 0.190902 3.484321 1.935093 52.72 63.05766 7.515467 77 INTP 2010 4.490428 30.02283 21.01467 64.03 14.63265 7.0468 78 INTP 2012 4.255924 34.77589 20.93322 64.03 14.66227 7.237803 79 INTP 2013 3.204101 63.51447 19.61103 64.03 13.64123 7.271639

80 INTP 2014 3.713055 96.42857 17.84241 64.03 14.19483 7.300949 81 IPOL 2010 1.405405 11.53846 7.671633 62.29 50.63373 6.210893 82 IPOL 2012 0.546392 10 2.667659 64.29 50.13907 6.341974 83 JECC 2011 0.711744 57.89474 4.271352 90.15 79.66678 6.10292 84 JECC 2012 2.010582 56.60377 4.515237 90.15 79.84696 6.091606 85 JPFA 2011 2.10728 23.88535 7.865185 57.7 54.20813 7.194044 86 JPFA 2012 2.775271 3.992016 9.829262 57.7 56.54469 7.251217 87 JPFA 2013 0.5 3.267974 3.698312 57.7 64.16833 7.330659 88 KAEF 2010 0.791045 8.37004 90.03 32.7798 7.194044 89 KAEF 2012 2.846154 16.21622 9.909909 90.03 30.57361 6.572202 90 KAEF 2014 4.549689 11.62791 7.968877 90.03 38.98143 6.655237 91 KBLI 2012 0.886256 25.6 10.77853 73.72 27.24951 6.356637 92 KBLM 2010 0.539216 50 0.97273 75.23 43.55064 5.734494 93 KBLM 2011 0.518182 17.64706 2.955572 74.72 61.99361 5.936892 94 KBLM 2012 0.567227 14.28571 3.296673 74.72 63.37931 6.008684 95 KIAS 2014 1.020833 33.33333 3.920821 98.24 10.0209 5.952781 96 KLBF 2011 5.29595 62.5 18.6079 64.32 21.25334 7.037899 97 KLBF 2012 7.310345 54.28571 18.81549 64.32 21.72779 7.1347 98 KLBF 2013 6.906077 39.53488 17.71306 56.71 24.87926 7.204178 99 KLBF 2014 8.755981 42.22222 17.1365 56.71 20.98632 7.239763 100 KRAS 2011 1.280488 23.07692 4.754848 80 51.86317 7.253226 101 LION 2011 0.904081 29.70297 13.62366 57.7 16.53329 5.428805 102 LION 2013 1.501314 32.12851 12.9894 57.7 16.60435 5.523322 103 LMSH 2011 0.839067 8.810573 11.11723 32.22 41.64091 5.317066 104 LMSH 2013 0.695229 13.35113 10.15046 32.22 22.03913 5.408598 105 MASA 2010 1.240602 3.477051 5.795198 47.8 46.38202 6.302513 106 MASA 2011 1.730104 8.576329 3.01422 47.8 62.48108 6.456659 107 MERK 2010 6.280416 84.17877 27.32354 74 16.50351 5.900743 108 MERK 2011 5.862313 0.077519 39.55567 74 15.43612 5.963094 109 MERK 2012 8.169847 0.083108 18.93258 86.65 26.81431 5.968426 110 MERK 2013 8.265186 0.076609 25.17344 86.65 26.50539 6.076987 111 MERK 2014 6.473016 80.23701 25.32403 86.65 22.7336 5.936115 112 MLBI 2010 12.29376 0.0999 38.95198 82.53 49.75138 6.252893 113 MLBI 2011 14.26471 28.88492 41.56099 82.53 56.56436 6.269221 114 MLBI 2012 47.26924 0.069706 39.35643 82.53 71.36812 6.195065 115 MLBI 2013 25.60328 81.41643 66.90909 83.67 44.58749 6.551693 116 MLBI 2014 0.454649 35.32223 83.67 75.17775 6.475453 117 MRAT 2011 0.597372 26.66667 6.104006 80.22 12.79643 5.608864 118 MRAT 2012 0.543237 21.25 7.558077 80.22 15.27774 5.661052 119 MYOR 2011 4.505217 20.60222 7.330868 33.07 63.26172 6.975609 120 MYOR 2012 4.997501 23.73581 8.947142 33.07 63.04911 7.021629

121 NIKL 2010 2.227979 33.33333 8.126739 80 46.88426 6.134145 122 NIKL 2013 1.025 100 0.223433 80.11 65.49112 6.325535 123 PTSN 2012 0.401606 11.2 1.063326 22.07 41.78232 6.364503 124 ROTI 2010 5.888889 25.25253 16.96089 80.75 19.17724 5.786888 125 ROTI 2012 10.48632 25.17007 12.37816 75.75 44.67731 6.075848 126 ROTI 2013 1.311054 1.923077 8.669334 70.75 56.80349 6.177687 127 SCCO 2010 6.587838 30.40541 5.249077 67.86 62.98176 6.342106 128 SCCO 2011 1.237134 31.83521 7.544958 67.86 64.3276 6.526821 129 SCCO 2012 1.273185 30.26634 11.41567 67.86 56.01353 6.549357 130 SCCO 2013 1.278327 29.35421 5.956873 67.86 59.84119 6.574152 131 SKLT 2012 1.077844 25 3.188439 96.09 48.15453 5.603928 132 SMCB 2010 2.52809 21.2963 7.937168 80.65 34.5996 6.775289 133 SMCB 2011 2.214868 22.46377 9.634144 80.65 31.26115 6.876447 134 SMCB 2012 2.638763 44.44444 11.35228 80.65 78.79993 6.954777 135 SMCB 2013 1.9869 40.45802 6.756386 80.65 83.03009 6.986156 136 SMGR 2010 4.668972 40.45677 23.34524 51.01 21.99606 7.156676 137 SMGR 2011 4.646916 49.62519 20.11674 51.01 25.66681 7.214282 138 SMGR 2012 5.176355 44.33735 18.52882 51.01 31.65733 7.292224 139 SMGR 2013 3.849293 41.23607 19.00447 51.01 29.19151 7.389188 140 SMGR 2014 3.843416 39.80892 16.28268 51.01 27.13771 7.431155 141 SMSM 2011 2.918455 65.78947 19.28649 58.13 41.01181 6.257172 142 SMSM 2014 5.959849 8.561644 24.03322 58.13 34.44379 6.420428 143 SQBI 2011 4.316035 0.093817 34.13133 99 16.84577 5.533791 144 SQBI 2012 7.490637 0.098425 34.05541 90 18.07531 5.588311 145 SQBI 2013 8.969668 0.095877 35.49999 98 17.60172 5.629854 146 TBMS 2011 0.781975 17.46725 1.435801 86.23 90.53999 6.782982 147 TCID 2010 1.526394 51.98777 12.55159 73.78 9.43033 6.166412 148 TCID 2011 1.517241 53.16092 12.38335 73.78 9.767037 6.21879 149 TCID 2012 2.016499 49.33333 11.95357 73.78 13.05917 6.267442 150 TCID 2013 2.022434 46.30788 10.95288 73.78 19.30227 6.307046 151 TCID 2014 2.745574 42.52874 9.437983 73.78 30.74251 6.363274 152 TKIM 2010 0.659921 4.792332 1.99901 60 71.0108 7.080505 153 TKIM 2014 0.098028 4.878049 0.814037 60 65.64629 7.17196 154 TOTO 2011 3.256693 22.65006 16.32793 96.2 43.22499 6.127729 155 TOTO 2012 3.667954 20.9205 15.54486 96.2 41.01358 6.197766 156 TOTO 2013 3.682449 20.9205 13.54719 96.2 40.69041 6.233328 157 TOTO 2014 3.197908 40.40404 14.53241 96.2 39.26899 6.312522 158 TPIA 2013 1.252104 43.47826 0.435767 95.35 55.15854 7.487897 159 TRST 2014 0.606061 21.73913 2.019327 59.71 45.98776 6.399308 160 TSPC 2010 2.953368 40 13.5352 95.03 26.32227 6.710476 161 TSPC 2011 3.766617 57.69231 13.77076 77.29 28.33725 6.761978

162 TSPC 2012 5 52.44755 13.891 77.26 27.62429 6.821567 163 UNIC 2011 0.591541 61.22449 2.212185 76.22 49.06875 6.62178 164 UNIC 2012 0.567376 71.69811 0.841894 76.22 43.71662 6.64841 165 UNIC 2013 0.410311 45.21739 2.672415 79.01 45.99068 6.731307 166 UNVR 2010 31.13208 77.47748 38.92504 85 53.46821 7.294251 167 UNVR 2012 40.09615 52.68139 40.37675 85 66.88884 7.436214 168 UNVR 2013 46.59498 52.849 40.10001 85 67.67599 7.48795 169 VOKS 2012 1.418733 28.24859 8.658083 48.65 64.48538 6.394833

PERSAMAAN 1 (Nilai Perusahaan Sebagai Variabel Dependen) Statistik Deskriptif B_PBV C_DPR D_ROA E_INST F_LEV G_SALES Mean 4.157952 32.47074 13.01104 72.42276 41.01777 6.623396 Median 2.022434 29.70297 10.15707 75.10000 41.64091 6.438957 Maximum 47.26924 111.5023 66.90909 99.00000 90.53999 8.304708 Minimum 0.098028 0.069706 0.223433 22.07000 4.959136 5.317066 Std. Dev. 6.990031 23.04917 10.79959 16.56592 18.50119 0.674772 Skewness 4.352455 0.890248 1.688032-0.410515 0.271069 0.357137 Kurtosis 24.06387 3.752695 6.720075 2.582312 2.319607 2.352843 Jarque-Bera 3528.014 25.37851 171.3997 5.763095 5.140267 6.309457 Probability 0.000000 0.000003 0.000000 0.056048 0.076525 0.042650 Sum 677.7461 5292.731 2120.799 11804.91 6685.897 1079.614 Sum Sq. Dev. 7915.406 86064.82 18894.23 44457.60 55451.62 73.76131 Sample 169 169 169 169 169 169 Observations 163 163 163 163 163 163 Heteroskedasticity Test: Harvey F-statistic 1.250124 Prob. F(4,158) 0.2921 Obs*R-squared 5.000482 Prob. Chi-Square(4) 0.2872 Scaled explained SS 6.149241 Prob. Chi-Square(4) 0.1883 Uji Multikolinearitas Variance Inflation Factors Date: 12/03/16 Time: 06:28 Sample: 1 169 Included observations: 163 Coefficient Uncentered Centered Variable Variance VIF VIF C 0.410811 312.5966 NA C_DPR 2.79E-06 12.81736 2.510265 D_ROA 0.000492 1.563857 1.264385 E_INST 1.16E-05 56.37473 1.524421 F_LEV 1.05E-05 28.64649 1.384859 G_SALES 0.010776 352.8901 1.874271

Uji Autokorelasi Date: 12/03/16 Time: 06:29 Sample: 1 169 Included observations: 163 Autocorrelation Partial Correlation AC PAC Q-Stat Prob. *. * 1 0.108 0.108 1.9464 0.163. *. * 2 0.151 0.141 5.7680 0.056.... 3-0.005-0.035 5.7715 0.123.... 4 0.039 0.022 6.0325 0.197.... 5-0.001-0.001 6.0326 0.303.... 6-0.033-0.043 6.2182 0.399.... 7-0.042-0.034 6.5165 0.481.... 8-0.010 0.008 6.5322 0.588.... 9 0.009 0.019 6.5458 0.684.... 10-0.031-0.034 6.7202 0.752.... 11 0.051 0.058 7.1793 0.784.... 12-0.057-0.061 7.7600 0.804. **. ** 13 0.227 0.228 17.038 0.198.... 14-0.008-0.041 17.051 0.253.... 15 0.032-0.032 17.238 0.305.... 16-0.039-0.024 17.522 0.353.... 17-0.049-0.062 17.969 0.391.... 18-0.052-0.035 18.480 0.424.... 19-0.049-0.017 18.932 0.461.... 20-0.054-0.023 19.482 0.491.... 21-0.026-0.005 19.607 0.546.... 22-0.054-0.055 20.167 0.573.... 23-0.052-0.023 20.677 0.601.... 24-0.036-0.047 20.929 0.643.... 25-0.055-0.008 21.514 0.664.... 26 0.043 0.002 21.871 0.696.... 27-0.052-0.044 22.405 0.717.... 28-0.028-0.032 22.561 0.755.... 29-0.064-0.044 23.383 0.759.... 30-0.053-0.026 23.952 0.774.... 31-0.027 0.008 24.101 0.806.... 32-0.056-0.043 24.741 0.816.... 33-0.038-0.012 25.034 0.839.... 34-0.025-0.021 25.160 0.864.... 35-0.051-0.039 25.699 0.874.... 36-0.047-0.035 26.170 0.886

Uji Hipotesis Dependent Variable: B_PBV Method: Least Squares Date: 12/03/16 Time: 06:30 Sample: 1 169 Included observations: 163 Weighting series: D_ROA Weight type: Standard deviation (average scaling) Variable Coefficient Std. Error t-statistic Prob. C -3.250276 0.640946-5.071062 0.0000 C_DPR 0.008418 0.001671 5.036274 0.0000 D_ROA 0.244971 0.022183 11.04306 0.0000 E_INST 0.007505 0.003406 2.203223 0.0290 F_LEV 0.005336 0.003237 1.648499 0.1013 G_SALES 0.384903 0.103808 3.707824 0.0003 Weighted Statistics R-squared 0.477852 Mean dependent var 0.699473 Adjusted R-squared 0.461223 S.D. dependent var 0.930267 S.E. of regression 0.462831 Akaike info criterion 1.333208 Sum squared resid 33.63144 Schwarz criterion 1.447088 Log likelihood -102.6564 Hannan-Quinn criter. 1.379442 F-statistic 28.73618 Durbin-Watson stat 1.529630 Prob(F-statistic) 0.000000 Weighted mean dep. 0.976830 Unweighted Statistics R-squared 0.416347 Mean dependent var 4.157952 Adjusted R-squared 0.397759 S.D. dependent var 6.990031 S.E. of regression 5.424556 Sum squared resid 4619.852 Durbin-Watson stat 1.043880

PERSAMAAN 2 (Kebijakan Dividen Sebagai Variabel Dependen) Statistik Deskriptif C_DPR D_ROA E_INST F_LEV G_SALES Mean 32.47074 13.01104 72.42276 41.01777 6.623396 Median 29.70297 10.15707 75.10000 41.64091 6.438957 Maximum 111.5023 66.90909 99.00000 90.53999 8.304708 Minimum 0.069706 0.223433 22.07000 4.959136 5.317066 Std. Dev. 23.04917 10.79959 16.56592 18.50119 0.674772 Skewness 0.890248 1.688032-0.410515 0.271069 0.357137 Kurtosis 3.752695 6.720075 2.582312 2.319607 2.352843 Jarque-Bera 25.37851 171.3997 5.763095 5.140267 6.309457 Probability 0.000003 0.000000 0.056048 0.076525 0.042650 Sum 5292.731 2120.799 11804.91 6685.897 1079.614 Sum Sq. Dev. 86064.82 18894.23 44457.60 55451.62 73.76131 Sample 169 169 169 169 169 Observations 163 163 163 163 163 Uji Heteroskedatisitas Heteroskedasticity Test: White F-statistic 1.713760 Prob. F(14,148) 0.0584 Obs*R-squared 22.73819 Prob. Chi-Square(14) 0.0647 Scaled explained SS 24.09795 Prob. Chi-Square(14) 0.0446 Uji Multikolinearitas Variance Inflation Factors Date: 12/03/16 Time: 06:31 Sample: 1 169 Included observations: 163 Coefficient Uncentered Centered Variable Variance VIF VIF C 241.2147 104.9416 NA D_ROA 0.032993 3.155294 1.264239 E_INST 0.006778 12.29109 1.108902 F_LEV 0.008752 8.001247 1.184943 G_SALES 4.608391 90.51675 1.041539

Uji Autokorelasi Date: 12/03/16 Time: 06:31 Sample: 1 169 Included observations: 163 Autocorrelation Partial Correlation AC PAC Q-Stat Prob. *. * 1 0.082 0.082 1.1190 0.290.... 2-0.011-0.018 1.1407 0.565.... 3-0.011-0.009 1.1609 0.762. *. * 4 0.125 0.128 3.8118 0.432.. *. 5-0.059-0.082 4.4062 0.493.... 6-0.019-0.003 4.4652 0.614. *. * 7 0.129 0.137 7.3265 0.396.. *. 8-0.021-0.069 7.4063 0.493 *. *. 9-0.124-0.101 10.101 0.342... * 10 0.044 0.077 10.436 0.403.. *. 11-0.023-0.081 10.532 0.483.... 12-0.034-0.005 10.736 0.552 *... 13-0.090-0.052 12.182 0.513 *. *. 14-0.093-0.145 13.731 0.470.... 15-0.014 0.039 13.768 0.543 *. *. 16-0.094-0.075 15.370 0.498.... 17-0.022-0.036 15.461 0.562 *. *. 18-0.148-0.124 19.538 0.359.... 19 0.028 0.047 19.689 0.414.... 20-0.060-0.060 20.358 0.436.... 21-0.026-0.005 20.489 0.491.... 22-0.047-0.043 20.911 0.526.... 23-0.016-0.046 20.958 0.584 *. *. 24-0.084-0.068 22.314 0.561.... 25-0.034-0.022 22.533 0.605.. *. 26-0.047-0.079 22.962 0.635.... 27-0.010-0.050 22.981 0.686.... 28 0.012 0.043 23.011 0.732.... 29 0.047-0.012 23.454 0.755.... 30 0.025 0.009 23.577 0.791.... 31-0.008-0.031 23.590 0.827.... 32 0.021-0.028 23.681 0.856.... 33 0.043 0.036 24.066 0.872. *. * 34 0.139 0.113 28.092 0.752.... 35 0.061 0.007 28.883 0.757.... 36 0.023-0.029 28.995 0.790

Uji Hipotesis Dependent Variable: C_DPR Method: Least Squares Date: 12/03/16 Time: 06:32 Sample: 1 169 Included observations: 163 Weighting series: E_INST Weight type: Standard deviation (average scaling) Variable Coefficient Std. Error t-statistic Prob. C -14.60289 15.53109-0.940236 0.3485 D_ROA 0.089754 0.181641 0.494129 0.6219 E_INST 0.341046 0.082331 4.142374 0.0001 F_LEV -0.220566 0.093551-2.357702 0.0196 G_SALES 4.593037 2.146716 2.139564 0.0339 Weighted Statistics R-squared 0.171809 Mean dependent var 29.57120 Adjusted R-squared 0.150843 S.D. dependent var 19.86799 S.E. of regression 19.35628 Akaike info criterion 8.794105 Sum squared resid 59197.13 Schwarz criterion 8.889005 Log likelihood -711.7196 Hannan-Quinn criter. 8.832633 F-statistic 8.194340 Durbin-Watson stat 1.496058 Prob(F-statistic) 0.000005 Weighted mean dep. 28.77947 Unweighted Statistics R-squared 0.051671 Mean dependent var 32.47074 Adjusted R-squared 0.027662 S.D. dependent var 23.04917 S.E. of regression 22.72814 Sum squared resid 81617.81 Durbin-Watson stat 1.500907