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