74

LAMPIRAN

TABULASI DATA MICROSOFT EXCEL

7.1 PERHITUNGAN KEBIJAKAN DIVIDEN (DIVIDEND PAYOUT

RATIO)

Perusahaan

Tahun

Rata-rata 2011 2012 2013 2014 2015 2016

% % % % % %

PT Indofood

CBP Sukses

Makmur Tbk 50

49,73 49,79 49,71 49,75 49,84 49,81

PT Indofood

Sukses Makmur

Tbk 50

49,81 49,8 49,72 49,7 54,27 49,81

PT Multi

Bintang

Indonesia Tbk 88,39

32,36 82,91 68,17 38,56 79,61 60,38

PT Mayora

Indah Tbk 21 23,68 19,75 35,45 21,99 52,29 21,61

PT Nippon

Indosari

Corpindo Tbk 25

25 9,99 14,84 19,85 34,12 20,00

75

7.2 PERHITUNGAN RISIKO SAHAM (BETA)

Perusahaan Tahun Rata-

rata 2011 2012 2013 2014 2015 2016

PT Indofood

CBP Sukses

Makmur Tbk

1,3 0,27 1,56 0,18 1,05 -0,35 0,67

PT Indofood

Sukses Makmur

Tbk

1,49 0,38 0,83 1,35 1,05 1,65 1,13

PT Multi

Bintang

Indonesia Tbk

-0,12 -1,48 1,39 -1,39 -0,50 -0,67 -0,46

PT Mayora

Indah Tbk 2,08 0,77 1,53 1,86 1,11 -2,52 0,81

PT Nippon

Indosari

Corpindo Tbk

1,89 0,7 1,03 -1,14 0,41 1,04 0,66

7.3 PERHITUNGAN BALIKAN SAHAM (CAPITAL GAIN)

Perusahaan

Tahun Rata-

rata 2011 2012 2013 2014 2015 2016

(%) (%) (%) (%) (%) (%)

PT Indofood

CBP Sukses

Makmur Tbk

1,42 4,11 2,73 2,30 0,46 -1,93

0,89

PT Indofood

Sukses Makmur

Tbk

0,18 2,10 1,27 0,24 -1,86 3,98

1,15

PT Multi

Bintang

Indonesia Tbk

2,93 6,51 5,29 0,49 -2,05 3,64

2,78

PT Mayora

Indah Tbk 3,91 3,51 4,25 -1,52 3,59 -4,88

0,99

PT Nippon

Indosari

Corpindo Tbk

4,15 6,40 -2,04 2,94 -0,57 2,24

1,79

76

7.4 PERHITUNGAN NILAI PERUSAHAAN (PBV)

Perusahaan

Tahun Rata-

rata 2011 2012 2013 2014 2015 2016

(x) (x) (x) (x) (x)

PT Indofood

CBP Sukses

Makmur Tbk

6,8 3,79 4,48 5,26 4,79 5,61 5,12

PT Indofood

Sukses Makmur

Tbk

2,17 1,50 1,51 1,45 1,05 1,55 1,54

PT Multi

Bintang

Indonesia Tbk

16,05 0,47 25,60 48,67 22,54 47,54 26,81

PT Mayora

Indah Tbk 4,6 4,28 5,90 4,74 5,25 6,38 5,19

PT Nippon

Indosari

Corpindo Tbk

7,39 2,10 6,56 7,76 5,39 5,97 5,86

PT Sekar Laut

Tbk 0,96 0,89 1,36 1,68 1,27 1,23

7.5 UJI STATISTIK DESKRIPTIF

Descriptive Statistics

N Minimum Maximum Mean

Std.

Deviation

DPR 30 ,21 88,39 38,3513 24,38270

Beta_saham 30 -2,52 2,08 ,5583 1,13783

Capital_gain 30 -4,88 6,51 1,7930 2,76811

PBV 30 ,47 48,67 8,9050 12,09257

Valid N (listwise) 30

77

7.6 UJI ASUMSI KLASIK

7.6.1 UJI NORMALITAS

Kolmogorov Smirnov

One-Sample Kolmogorov-Smirnov Test

Unstandardized Residual

N 30

Normal Parametersa,b Mean ,0000000

Std. Deviation 10,12439343

Most Extreme

Differences

Absolute ,130

Positive ,130

Negative -,094

Test Statistic ,130

Asymp. Sig. (2-tailed) ,200c,d

a. Test distribution is Normal.

b. Calculated from data.

c. Lilliefors Significance Correction .

d. This is a lower bound of the true significance.

7.6.2 UJI MULTIKOLINEARITAS

Coefficientsa

Model

Collinearity Statistics

Tolerance VIF

1 (Constant)

DPR ,870 1,149

Beta_saham ,825 1,212

Capital_gain ,944 1,060

a. Dependent Variable: PBV

78

7.6.3 UJI AUTOKORELASI

Model Summaryb

Model R R Square

Adjusted R

Square

Std. Error of

the Estimate

Durbin-

Watson

1 ,547a ,299 ,218 10,69255 1,214

a. Predictors: (Constant), Capital_gain, DPR, Beta_saham

b. Dependent Variable: PBV

7.6.4 UJI LINEARITAS

ANOVA Table

Sum of

Squares df

Mean

Square F Sig.

PBV *

DPR

Between

Groups

(Combined) 4229,960 28 151,070 14,094 ,208

Linearity 1031,841 1 1031,841 96,268 ,065

Deviation

from Linearity 3198,119 27 118,449 11,051 ,234

Within Groups 10,718 1 10,718

Total 4240,679 29

7.7 UJI REGRESI LINEAR BERGANDA

Coefficientsa

Model

Unstandardized

Coefficients Standardized Coefficients

B Std. Error Beta

1 (Constant) 2,166 4,385

DPR ,200 ,087 ,403

Beta_saham -2,751 1,921 -,259

Capital_gain ,340 ,738 ,078

a. Dependent Variable: PBV

79

7.8 UJI HIPOTESIS

7.8.1 UJI F (ANOVA)

ANOVAa

Model Sum of Squares df Mean Square F Sig.

1 Regression 1268,082 3 422,694 3,697 ,024b

Residual 2972,597 26 114,331

Total 4240,679 29

a. Dependent Variable: PBV

b. Predictors: (Constant), Capital_gain, DPR, Beta_saham

7.8.2 UJI T (PARSIAL)

Coefficientsa

Model

Unstandardized

Coefficients

Standardized

Coefficients

t Sig. B Std. Error Beta

1 (Constant) 2,166 4,385 ,494 ,626

DPR ,200 ,087 ,403 2,290 ,030

Beta_saham -2,751 1,921 -,259 -1,432 ,164

Capital_gain ,340 ,738 ,078 ,460 ,649

a. Dependent Variable: PBV

7.8.3 UJI SIGNIFIKANSI DOMINAN

Coefficientsa

Model

Unstandardized

Coefficients

Standardized

Coefficients

t Sig. B Std. Error Beta

1 (Constant) 2,166 4,385 ,494 ,626

DPR ,200 ,087 ,403 2,290 ,030

Beta_saham -2,751 1,921 -,259 -1,432 ,164

Capital_gain ,340 ,738 ,078 ,460 ,649

a. Dependent Variable: PBV

80

7.8.4 UJI KOEFISIEN DETERMINASI (R2)

Model Summaryb

Model R R Square Adjusted R Square Std. Error of the Estimate

1 ,547a ,299 ,218 10,69255

a. Predictors: (Constant), Capital_gain, DPR, Beta_saham

b. Dependent Variable: PBV