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73

LAMPIRAN 1:

DATA

MEKANISME CORPORATE GOVERNANCE

74

Tahun 2012

NO NAMA KODE KOM

INDP JML KDK KKA KM JMLH SHM INST TOT SHM KI

1 PT. Agung Podomoro Land Tbk. APLN 1 3 0,333 1 1 3,10% 13.743.780.000 20.500.900.000 0,670

2 PT. Bekasi Asri Pemula Tbk. BAPA 1 3 0,333 1 0 462.738.500 661.784.520 0,699

3 PT. Bekasi Fajar Industrial Estate Tbk. BEST 1 3 0,333 1 1 0,07% 6.993.000.000 9.361.707.250 0,747

4 PT. Bhuwantala Indah Permai Tbk. BIPP 1 3 0,333 1 0 1.040.147.937 3.543.996.349 0,293

5 PT. Ciputra Development Tbk. CTRA 2 5 0,400 1 1 0,20% 5.755.455.976 15.165.815.994 0,380

6 PT. Ciputra Property Tbk. CTRP 2 5 0,400 1 0 3.452.876.996 5.960.163.500 0,579

7 PT Ciputra Surya Tbk. CTRS 2 4 0,500 1 0 1.239.953.440 1.978.864.834 0,627

8 PT. Cowell Development Tbk. COWL 1 3 0,333 1 0 4.614.951.743 4.871.214.021 0,947

9 PT. Danayasa Arthatama Tbk. SCBD 1 4 0,250 1 0 2.737.748.506 3.322.092.000 0,824

10 PT. Duta Anggada Reality Tbk. DART 1 3 0,333 1 0 2.816.813.812 3.141.390.962 0,897

11 PT. Duta Pertiwi Tbk. DUTI 2 6 0,333 1 0 1.638.372.333 1.850.000.000 0,886

12 PT. Fortune Mate Indonesia Tbk. FMII 1 3 0,333 1 0 2.391.000.000 2.721.000.000 0,879

13 PT. Global Land Development Tbk. KPIG 1 3 0,333 1 1 7,35% 1.666.799.500 3.544.211.291 0,470

14 PT. Indonesia Prima Property Tbk. OMRE 3 6 0,500 1 0 1.578.072.500 1.745.000.000 0,904

15 PT. Jakarta Setiabudi Internasional Tbk. JSPT 2 5 0,400 1 0 2.260.656.975 2.318.736.000 0,975

16 PT. Jaya Real Property Tbk. JRPT 2 5 0,400 1 0 2.088.815.000 2.640.000.000 0,791

17 PT. Lamicitra Nusantara Tbk. LAMI 1 3 0,333 1 1 0,01% 1.066.687.992 1.148.418.000 0,929

18 PT. Megapolitan Development Tbk. EMDE 1 3 0,333 1 0 2.407.358.320 3.350.000.000 0,719

19 PT. Metro Reality Tbk. MTSM 2 4 0,500 1 0 188.474.724 232.848.000 0,809

20 PT. Metropolitan Kentjana Tbk. MKPI 7 22 0.318 1 1 2,84% 764.849.808 948.194.000 0,807

21 PT. Modernland Reality Ltd Tbk. MDLN 2 5 0,400 1 0 2.579.263.953 6.266.533.661 0,412

22 PT. Pudjiadi Prestige Tbk. PUDP 1 3 0,333 1 1 4,89% 183.674.040 308.000.000 0,596

23 PT. Sentul City Tbk. BKSL 3 7 0,429 1 0 15.179.053.296 31.396.905.010 0,483

24 PT. Summarecon Agung Tbk. SMRA 2 4 0,500 1 1 0,28% 3.016.568.974 7.213.390.840 0,418

75

Tahun 2011

NO NAMA KODE KOM

INDP JML KDK KKA KM

JMLH SHM

INST TOT SHM KI

1 PT. Bakrieland Development Tbk. ELTY 2 5 0,400 1 0 9.821.166.012 39.919.772.265 0,246

2 PT. Bekasi Asri Pemula Tbk. BAPA 1 3 0,333 1 1 0,00% 499.995.000 650.000.020 0,769

3 PT. Bintang Mitra Semestaraya Tbk. BMSR 1 3 0,333 1 1 0,32% 960.349.832 1.159.200.000 0,828

4 PT. Bumi Serpong Damai Tbk. BSDE 3 8 0,375 1 0 12.925.596.950 17.496.996.592 0,739

5 PT. Ciputra Property Tbk. CTRP 2 5 0,400 1 0 3.452.876.996 5.960.163.500 0,579





10 PT. Intiland Development Tbk. DILD 2 6 0,333 1 1 0,00% 5.140.214.238 10.365.853.610 0,496

11 PT. Jaya Real Property Tbk. JRPT 2 5 0,400 1 0 2.088.815.000 2.640.000.000 0,791


13 PT. Lippo Karawaci Tbk. LPKR 5 7 0,714 1 1 0,00% 4.126.619.908 22.981.460.119 0,180



16 PT. Pakuwon Jati Tbk. PWON 2 3 0,667 1 1 0,03% 10.203.410.700 12.039.900.600 0,847

17 PT. Perdana Gapuraprima Tbk. GPRA 1 3 0,333 1 0 2.222.653.507 3.207.491.502 0,693


19 PT. Ristia Bintang Mahkota Sejati Tbk. RBMS 1 3 0,333 1 1 45,31% 79.000.000 326.722.500 0,242


21 PT. Surya Semesta Internusa Tbk. SSIA 2 5 0,400 1 0 1.805.513.988 4.705.249.440 0,384

76

Tahun 2010

NO NAMA KODE KOM

INDP JML KDK KKA KM

JMLH SHM

INST TOT SHM KI

1 PT. Bekasi Asri Pemula Tbk. BAPA 1 2 0,500 1 1 0,00% 500.005.000 650.000.020 0,769

2 PT. Bukit Darmo Property Tbk. BKDP 2 4 0,500 1 1 8,78% 2.600.000.000 6.830.992.252 0,381







9 PT. Global Land Development Tbk. KPIG 1 3 0,333 1 0 2.060.541.373 3.525.889.500 0,584

10 PT. Gowa Makassar Tourism Development Tbk. GMTD 4 10 0,400 0 0 66.000.000 101.538.000 0,650

11 PT. Indonesia Prima Property Tbk. OMRE 3 6 0,500 1 0 1.578.072.500 1.745.000.000 0,904


13 PT. Laguna Cipta Griya Tbk. LCGP 1 3 0,333 1 1 0,10% 632.887.312 1.407.500.000 0,450


15 PT. Lippo Karawaci Tbk. LPKR 6 8 0,750 1 0 4.046.527.187 21.627.689.619 0,187


17 PT. Metropolitan Kentjana Tbk. MKPI 7 22 0,318 1 0 783.229.308 948.194.000 0,826


19 PT. Panca Wiratama Sakti Tbk. PWSI 1 2 0,500 1 0 71.757.187 82.500.000 0,870


21 PT. Pudjiadi & Sons Tbk. PNSE 1 3 0,333 0 0 104.732.426 129.725.771 0,807




77

NO NAMA KODE KOM

INDP JML KDK KKA KM

JMLH SHM

INST TOT SHM KI

25 PT. Surya Semesta Internusa Tbk. SSIA 2 5 0,400 1 1 0,22% 617.891.872 1.176.312.360 0,525

26 PT. Suryainti Permata Tbk. SIIP 2 4 0,500 1 0 3.239.010.568 4.206.964.252 0,770

78

Tahun 2009

NO NAMA KODE KOM

INDP JML KDK KKA KM

JMLH SHM

INST TOT SHM KI

1 PT. Bakrieland Development Tbk. ELTY 2 6 0,333 1 0 7.086.621.262 19.916.074.473 0,356

2 PT. Bhuwantala Indah Permai Tbk. BIPP 2 4 0,500 1 0 613.702.500 1.638.218.259 0,375

3 PT. Bintang Mitra Semestaraya Tbk. BMSR 1 2 0,500 1 1 0,32% 960.349.832 1.159.200.000 0,828

4 PT. Bukit Darmo Property Tbk. BKDP 2 4 0,500 1 1 9,96% 2.600.000.000 6.024.494.970 0,432



7 PT. Citra Kebun Raya Agri Tbk. CKRA 1 3 0,333 0 0 4.804.638.749 5.056.800.000 0,950

8 PT. Cowell Development Tbk. COWL 1 2 0,500 0 0 499.000.000 754.375.900 0,661





13 PT. Global Land Development Tbk. KPIG 1 3 0,333 1 0 2.642.277.500 3.525.889.500 0,749

14 PT. Intiland Development Tbk. DILD 1 6 0,167 1 1 0,00% 2.689.439.655 3.109.756.083 0,865


16 PT. Jaya Real Property Tbk. JRPT 2 5 0,400 0 1 0,00% 2.088.815.000 2.678.518.000 0,780


18 PT. Lippo Cikarang Tbk. LPCK 3 5 0,600 0 0 339.188.000 696.000.000 0,487

19 PT. Lippo Karawaci Tbk. LPKR 7 8 0,875 0 0 4.875.000.000 17.302.151.695 0,282



22 PT. Pakuwon Jati Tbk. PWON 1 3 0,333 1 1 0,03% 8.280.087.710 10.033.250.500 0,825

23 PT. Panca Wiratama Sakti Tbk. PWSI 1 2 0,500 0 0 71.757.187 82.500.000 0,870


79

NO NAMA KODE KOM

INDP JML KDK KKA KM

JMLH SHM

INST TOT SHM KI

25 PT. Pudjiadi & Sons Tbk. PNSE 1 3 0,333 0 0 104.732.426 129.725.771 0,807




29 PT. Surya Semesta Internusa Tbk. SSIA 2 5 0,400 1 1 0,22% 728.666.872 1.176.312.360 0,619

30 PT. Suryainti Permata Tbk. SIIP 1 4 0,250 1 0 3.239.010.568 4.206.964.252 0,770

80

LAMPIRAN 2:

DATA

MANAJEMEN LABA

81

LANGKAH (1) MENCARI DA TAHUN 2012

NO KODE NI CFO TAC REV REV-1 ΔREV PPE TA-1 REC REC-1 ΔREC

1 APLN 841.290.753.000 1.212.098.318.000 -370.807.565.000 4.689.429.510.000 3.824.099.116.000 865.330.394.000 1.853.091.719.000 10.787.265.542.000 1.762.996.645.000 1.149.611.568.000 613.385.077.000

2 BAPA 4.488.128.775 3.036.496.328 1.451.632.447 25.179.996.061 30.644.388.574 -5.464.392.513 694.434.131 148.084.624.723 39.247.283.617 38.023.029.533 1.224.254.084

2 BEST 470.357.197.085 590.455.734.781 -120.098.537.696 96.5113.274.649 475.956.741.240 489.156.533.409 75.972.890.870 1.643.945.423.275 9.224.246.609 10.411.038.116 -1.186.791.507

4 BIPP -15.132.023.671 586.409.564 -15.718.433.235 3.0129.322.906 25.431.706.095 4.697.616.811 4.744.472.154 197.342.817.672 5.423.208.530 9.389.124.512 -3.965.915.982

5 CTRA 849.382.875.816 1.728.003.003.225 -878.620.127.409 3.322.669.123.181 2.178.331.003.289 1.144.338.119.892 1.240.096.106.293 1.1524.866.822.316 611.780.396.964 324.816.087.013 286.964.309.951

6 CTRP 319.151.767.553 476.534.148.682 -157.382.381.129 826.474.506.998 439.841.775.753 386.632.731.245 645.981.008.354 4.314.646.971.261 189.844.860.470 30.786.451.389 159.058.409.081

7 CTRS 273.913.555.964 632.112.158.786 -358.198.602.822 1.048.459.429.865 804.768.631.805 243.690.798.060 379.078.685.538 3.529.028.283.751 159.941.975.569 121.214.425.514 38.727.550.055

8 COWL 69.675.152.924 87.968.447.755 -18.293.294.831 311.479.199.666 181.227.641.077 130.251.558.589 341.869.786.547 385.681.565.146 79.838.696.771 881.486.712 78.957.210.059

9 SCBD 69.466.498.000 262.729.854.000 -193.263.356.000 684.916.111.000 688.935.681.000 -4.019.570.000 543.181.920.000 3.478.445.408.000 27.245.751.000 40.259.202.000 -13.013.451.000

10 DART 180.828.252.000 90.161.315.000 90.666.937.000 845.718.621.000 418.674.256.293 427.044.364.707 16.097.1395.000 4.103.893.859.060 23.046.669.000 16.201.202.234 6.845.466.766

11 DUTI 613.327.842.111 613.665.489.784 -337.647.673 156.917.691.981 1.117.683.055.738 451.493.858.243 180.139.377.590 5.188.186.444.790 34.044.887.368 32.071.240.572 1.973.646.796

12 FMII 969.288.096 27.153.751.005 -26.184.462.909 37.314.237.000 23.782.855.500 13.531.381.500 47.153.319.273 351.807.802.149 5.596.718.026 8.693.902.654 -3.097.184.628

13 KPIG 146.022.412.919 109.645.484.665 36.376.928.254 409.022.943.610 80.956.007.412 328.066.936.198 467.221.864.485 1.948.666.123.846 146.167.865.322 129.454.746.075 167.13.119.247

14 MORE 39.913.140.905 3.289.0341.810 7.022.799.095 297.872.638.598 356.344.278.906 -58.471.640.308 127.609.293.965 738.221.345.249 29.790.910.751 17.065.912.637 12.724.998.114

15 JSPT 235.234.485.314 269.058.256.514 -33.823.771.200 1.206.664.891.893 1.073.202.212.258 133.462.679.635 638.897.559.622 2.873.491.878.145 197.421.607.410 202.248.577.331 -4.826.969.921

16 JRPT 427.924.997.000 283.290.266.000 144.634.731.000 1.101.821.376.000 89.317.0154.000 208.651.222.000 32.382.005.000 4.084.414.957.000 14.644.395.000 19.986.209.000 -5.341.814.000

17 LAMI 42.110.956.000 21.483.746.000 2.0627.210.000 132.245.488.000 159.633.209.000 -27.387.721.000 65.034.642.000 591.979.523.000 6.572.283.000 6.183.609.000 388.674.000

18 EMDE 4.172.791.951 -9.972.687.682 14.145.479.633 109.022.049.506 99.585.429.829 9.436.619.677 32.032.829.298 920.627.561.553 124.769.075.905 105.352.113.411 19.416.962.494

19 MTSM 4.162.706.957 7.117.439.767 -2.954.732.810 23.082.164.615 24.859.280.733 -1.777.116.118 15.227.851.291 122.140.554.026 1.786.915.192 2.003.035.193 -216.120.001

20 MKPI 363.050.255.701 475.156.566.132 -112.106.310.431 888.505.551.111 826.143.531.266 62.362.019.845 1.678.293.782.993 2.138.597.313.933 42.155.709.404 43.073.862.123 -918.152.719

21 MDLN 260.474.880.599 132.340.141.358 128.134.739.241 1.057.768.000.026 504.637.348.122 553.130.651.904 421.303.042.800 24.103.99.588.075 434.003.517.134 290.237.685.808 143.765.831.326

22 PUDP 21.137.976.004 11.529.139.195 9.608.836.809 96.306.259.327 88.907.302.567 7.398.956.760 111.020.522.721 340.747.940.166 17.628.359.287 15.294.510.269 2.333.849.018

23 BKSL 220.926.021.026 437.469.854.535 -216.543.833.509 622.705.425.776 457.832.705.353 164.872.720.423 126.264.749.747 5.290.382.916.872 465.909.313.424 310.059.200.733 155.850.112.691

24 SMRA 792.085.965.000 1.309.508.416.000 -517.422.451.000 3463.163.272.000 2.359.330.713.000 1.103.832.559.000 282.418.026.000 8.099.174.681.000 130.672.007.000 74.517.690.000 56.154.317.000

82


NO KODE TAC/TA-1

β0= -0,011 β1= -0,012 β2= -0,019 (ΔREV-ΔREC)/

TA-1

β0

(1/TA-1)

β1

[(ΔREV-ΔREC)/TA-1]

β2

(PPE/TA-1) NDA DA

DA

ABS 1/TA-1 ΔREV/TA-1 PPE/TA-1

1 APLN -0,0344 0,000000000000093 0,0802 0,1718 0,0234 -0,011 -0,000280270 -0,003263917 -0,014544187 -0,0198 0,0198

2 BAPA 0,0098 0,000000000006753 -0,0369 0,0047 -0,0452 -0,011 0,000542013 -0,000089099 -0,010547087 0,0203 0,0203

3 BEST -0,0731 0,000000000000608 0,2976 0,0462 0,2983 -0,011 -0,003579267 -0,000878061 -0,015457329 -0,0576 0,0576

4 BIPP -0,0797 0,000000000005067 0,0238 0,0240 0,0439 -0,011 -0,000526811 -0,000456794 -0,011983605 -0,0677 0,0677

5 CTRA -0,0762 0,000000000000087 0,0993 0,1076 0,0744 -0,011 -0,000892721 -0,002044434 -0,013937154 -0,0623 0,0623

6 CTRP -0,0365 0,000000000000232 0,0896 0,1497 0,0527 -0,011 -0,000632935 -0,002844645 -0,014477580 -0,0220 0,0220

7 CTRS -0,1015 0,000000000000283 0,0691 0,1074 0,0581 -0,011 -0,000696951 -0,002040929 -0,013737879 -0,0878 0,0878

8 COWL -0,0474 0,000000000002593 0,3377 0,8864 0,1330 -0,011 -0,001595960 -0,016841681 -0,029437641 -0,0180 0,0180

9 SCBD -0,0556 0,000000000000287 -0,0012 0,1562 0,0026 -0,011 -0,000031027 -0,002966974 -0,013998001 -0,0416 0,0416

10 DART 0,0221 0,000000000000244 0,1041 0,0392 0,1024 -0,011 -0,001228684 -0,000745257 -0,012973941 0,0351 0,0351

11 DUTI -0,0001 0,000000000000193 0,0870 0,0347 0,0866 -0,011 -0,001039716 -0,000659700 -0,012699417 0,0126 0,0126

12 FMII -0,0744 0,000000000002842 0,0385 0,1340 0,0473 -0,011 -0,000567193 -0,002546598 -0,014113791 -0,0603 0,0603

13 KPIG 0,0187 0,000000000000513 0,1684 0,2398 0,1598 -0,011 -0,001917335 -0,004555534 -0,017472869 0,0361 0,0361

14 OMRE 0,0095 0,000000000001355 -0,0792 0,1729 -0,0964 -0,011 0,001157322 -0,003284349 -0,013127027 0,0226 0,0226

15 JSPT -0,0118 0,000000000000348 0,0464 0,2223 0.,0481 -0,011 -0,000577512 -0,004224496 -0,015802007 0,0040 0,0040

16 JRPT 0,0354 0,000000000000245 0,0511 0,0079 0,0524 -0,011 -0,000628711 -0,000150636 -0,011779347 0,0472 0,0472

17 LAMI 0,0348 0,000000000001689 -0,0463 0,1099 -0,0469 -0,011 0,000563055 -0,002087333 -0,012524278 0,0474 0,0474

18 EMDE 0,0154 0,000000000001086 0,0103 0,0348 -0,0108 -0,011 0,000130090 -0,000661097 -0,011531007 0,0269 0,0269

19 MTSM -0,0242 0,000000000008187 -0,0145 0,1247 -0,0128 -0,011 0,000153364 -0,002368822 -0,013215458 -0,0110 0,0110

20 MKPI -0,0524 0,000000000000468 0,0292 0,7848 0,0296 -0,011 -0,000355075 -0,014910512 -0,026265587 -0,0262 0,0262

21 MDLN 0,0532 0,000000000000415 0,2295 0,1748 0,1698 -0,011 -0,002037993 -0,003320926 -0,016358919 0,0695 0,0695

22 PUDP 0,0282 0,000000000002935 0,0217 0,3258 0,0149 -0,011 -0,000178376 -0,006190470 -0,017368846 0,0456 0,0456

23 BKSL -0,0409 0,000000000000189 0,0312 0,0239 0,0017 -0,011 -0,000020466 -0,000453470 -0,011473936 -0,0295 0,0295

24 SMRA -0,0639 0,000000000000123 0,1363 0,0349 0,1294 -0,011 -0,001552274 -0,000662530 -0,013214804 -0,0507 0,0507

83



1 ELTY 74.749.903.688 -1.268.893.315.704 1.343.643.219.392 2.017.319.021.475 136.755.568.1767 649.763.339.708 5.601.213.500.324 1.7064.195.774.257 1.996.244.967.031 1.734.318.599.673 261.926.367.358

2 BAPA 5.901.252.085 4.399.876.746 1.501.375.339 30.644.388.574 54.492.641.149 -23.848.252.575 671.037.841 136.358.827.789 38.023.029.533 37.506.310.589 516.718.944

3 BMSR -7.162.986.506 59.993.643.271 -67.156.629.777 1.622.695.783.785 1.278.554.902.119 344.140.881.666 12.631.658.960 736.913.618.738 195.626.388.018 252.808.986.600 -57.182.598.582

4 BSDE 1.012.033.822.150 984.957.071.642 27.076.750.508 2.806.339.356.563 2.477.202.549.758 329.136.806.805 486.919.701.181 11.694.747.901.551 86.977.511.335 102.631.798.949 -15.654.287.614

5 CTRP 168.558.779.854 5.056.488.162 163.502.291.692 439.841.775.753 355.667.588.781 84.174.186.972 1.808.561.916.030 3.823.458.770.185 30.786.451.389 24.726.857.757 6.059.593.632

6 SCBD 72.759.761.000 225.302.511.000 -152.542.750.000 688.935.681.000 1,111,782,389,000 -422,846,708,000 625,275,021,000 3,475,736,555,000 40,259,202,000 40,021,843,000 237,359,000

7 DART 63.812.321.829 -32.575.733.569 96.388.055.398 418.674.256.293 348.907.476.419 69.766.779.874 12.827.968.722 2.561.031.438.242 16.201.202.234 15.618.462.911 582.739.323

8 DUTI 422.405.402.492 373.657.602.615 48.747.799.877 1.117.683.055.738 1.007.355.373.926 110.327.681.812 47.007.988.211 4.723.365.274.851 32.071.240.572 44.679.335.626 -12.608.095.054

9 FMII -535.720.802 -5.867.559.475 5.331.838.673 23.782.855.500 11.034.329.400 12.748.526.100 48.877.616.969 347.819.730.887 8.693.902.654 724.425.631 7.969.477.023

10 DILD 147.404.782.398 -226.548.671.029 373.953.453.427 939.161.250.098 842.715.805.156 96.445.444.942 171.634.355.989 4.599.239.260.454 455.201.599.851 563.217.131.112 -108.015.531.261

11 JRPT 346.698.745.000 311.723.404.000 34.975.341.000 893.170.154.000 773.528.772.000 119.641.382.000 5.562.7735.000 3.295.717.307.000 19.986.209.000 21.865.620.000 -1.879.411.000

12 LAMI 54.817.865.000 49.935.271.000 4.882.594.000 159.633.209.000 128.970.729.000 3.066.2480.000 65.898.657.000 604.528.491.000 6.183.609.000 7.694.980.000 -1.511.371.000

13 LPKR 81.4094.348.926 374.527.460.106 439.566.888.820 4.189.580.354.855 3.125.312.604.025 1.064.267.750.830 1.556.124.819.331 16.155.384.919.926 923.556.156.289 803.312.601.818 120.243.554.471

14 MTSM 4.394.564.649 6.865.204.297 -2.470.639.648 24.859.280.733 23.840.347.437 1.018.933.296 18.423.578.164 110.799.166.772 2.003.035.193 1.143.629.155 859.406.038

15 MDLN 92.045.740.181 164.249.328.991 -72.203.588.810 504.637.348.122 261.325.501.687 243.311.846.435 124.683.075.466 2.032.644.356.215 290.237.685.808 289.723.796.463 513.889.345

16 PWON 378.531.447.000 34.623.899.000 32.292.458.000 1.478.104.635.000 1.228.007.783.000 250.096.852.000 1.659.292.063.000 3.937.325.624.000 116.796.118.000 1.238.14.056.000 -7.017.938.000

17 GPRA 44.854.664.733 931.9357.493 35.535.307.240 389.474.167.604 309.333.090.543 80.141.077.061 9.661.748.437 1.184.685.940.567 146.488.294.574 98.276.706.169 48.211.588.405

18 PUDP 21.020.795.835 46.311.045.494 -25.290.249.659 88.907.302.567 58.064.427.706 30.842.874.861 96.209.709.997 285.283.488.950 15.294.510.269 15.167.742.851 126.767.418

19 RBMS -13.960.438.485 659.580.414 -14.620.018.899 15.724.942.574 15.781.552.358 -56.609.784 813.749.765 117.301.086.414 5.161.424.980 4.279.085.882 882.339.098

20 SMRA 388.706.644.000 749.301.225.000 -360.594.581.000 2.359.330.713.000 1695.443.952.000 663.886.761.000 304.426.776.000 6138.640.438.000 74.517.690.000 211.327.429.000 -136.809.739.000

21 SSIA 278.175.325.895 591.509.968.216 -313.334.642.321 2.878.775.284.823 1.690.095.966.013 1.188.679.318.810 482.930.227.067 2.382.641.539.976 645.158.210.422 453.312.900.446 191.845.309.976

84


NO KODE TAC/TA-1

β0= -0,011 β1= -0,012 β2= -0,019 (ΔREV-ΔREC)/

TA-1

β0

(1/TA-1)

β1


β2

(PPE/TA-1) NDA DA

DA


1 ELTY 0,0787 0,000000000000059 0,0381 0,3282 0,0227 -0,011 -0,000272737 -0,006236629 -0,017509366 0,0962 0,0962

2 BAPA 0,0110 0,000000000007334 -0,1749 0,0049 -0,1787 -0,011 0,002144193 -0,000093501 -0,008949308 0,0200 0,0200

3 BMSR -0,0911 0,000000000001357 0,4670 0,0171 0,5446 -0,011 -0,006535205 -0,000325685 -0,017860890 -0,0733 0,0733

4 BSDE 0,0023 0,000000000000086 0,0281 0,0416 0,0295 -0,011 -0,000353791 -0,000791079 -0,012144870 0,0145 0,0145

5 CTRP 0,0428 0,000000000000262 0,0220 0,4730 0,0204 -0,011 -0,000245164 -0,008987328 -0,020232492 0,0630 0,0630

6 SCBD -0,0439 0,000000000000288 -0,1217 0,1799 -0,1217 -0,011 0,001460700 -0,003418045 -0,012957345 -0,0309 0,0309

7 DART 0,0376 0,000000000000390 0,0272 0,0050 0,0270 -0,011 -0,000324170 -0,000095169 -0,011419339 0,0491 0,0491

8 DUTI 0,0103 0,000000000000212 0,0234 0,0100 0,0260 -0,011 -0,000312326 -0,000189092 -0,011501418 0,0218 0,0218

9 FMII 0,0153 0,000000000002875 0,0367 0,1405 0,0137 -0,011 -0,000164880 -0,002669989 -0,013834869 0,0292 0,0292

10 DILD 0,0813 0,000000000000217 0,0210 0,0373 0,0445 -0,011 -0,000533465 -0,000709042 -0,012242506 0,0936 0,0936

11 JRPT 0,0106 0,000000000000303 0,0363 0,0169 0,0369 -0,011 -0,000442468 -0,000320697 -0,011763165 0,0224 0,0224

12 LAMI 0,0081 0,000000000001654 0,0507 0,1090 0,0532 -0,011 -0,000638657 -0,002071159 -0,013709816 0,0218 0,0218

13 LPKR 0,0272 0,000000000000062 0,0659 0,0963 0,0584 -0,011 -0,000701208 -0,001830125 -0,013531333 0,0407 0,0407

14 MTSM -0,0223 0,000000000009025 0,0092 0,1663 0,0014 -0,011 -0,000017277 -0,003159302 -0,014176579 -0,0081 0,0081

15 MDLN -0,0355 0,000000000000492 0,1197 0,0613 0,1194 -0,011 -0,001433392 -0,001165466 -0,013598858 -0,0219 0,0219

16 PWON 0,0082 0,000000000000254 0,0635 0,4214 0,0653 -0,011 -0,000783623 -0,008007097 -0,019790720 0,0280 0,0280

17 GPRA 0,0300 0,000000000000844 0,0676 0,0082 0,0270 -0,011 -0,000323422 -0,000154955 -0,011478377 0,0415 0,0415

18 PUDP -0,0886 0,000000000003505 0,1081 0,3372 0,1077 -0,011 -0,001292025 -0,006407607 -0,018699632 -0,0699 0,0699

19 RBMS -0,1246 0,000000000008525 -0,0005 -0,0069 -0,0080 -0,011 0,000096055 -0,000131808 -0,011035753 -0,1136 0,1136

20 SMRA -0,0587 0,000000000000163 0,1081 0,0496 0,1304 -0,011 -0,001565226 -0,000942246 -0,013507472 -0,0452 0,0452

21 SSIA -0,1315 0,000000000000420 0,4989 0,2027 0,4184 -0,011 -0,005020482 -0,003851051 -0,019871533 -0,1116 0,1116

85



1 BAPA 12.680.878.136 15.498.483.793 -2.817.605.657 54.492.641.149 63.588.845.258 -9.096.204.109 355.862.657 134.883.970.713 37.506.310.589 29.013.984.509 8.492.326.080

2 BKDP -14.712.409.166 -26.951.014.877 12.238.605.711 44.770.782.701 31.173.107.021 13.597.675.680 495.319.917.581 861.240.867.371 92.375.695.452 72.596.982.626 19.778.712.826

3 BSDE 394.403.204.755 759.666.347.857 -365.263.143.102 2.477.202.549.758 1.270.592.451.000 1.206.610.098.758 365.037.962.807 4592.836.482.000 102.631.798.949 11.019.793.000 91.612.005.949

4 CTRS 87.178.005.009 85.395.292.842 1.782.712.167 593.300.319.788 391.451.881.878 201.848.437.910 646.025.466.322 2.268.629.009.246 65.286.752.174 55.436.183.045 9.850.569.129

5 SCBD 76.489.042.000 84.197.060.000 -7.708.018.000 1.111.782.389.000 1.922.056.432.000 -810.274.043.000 677.846.677.000 3.803.478.613.000 40.021.843.000 230.859.536.000 -190.837.693.000

6 DART 26.907.902.380 60.737.782.206 -33.829.879.826 348.907.476.419 314.355.357.529 34.552.118.890 80.167.195.842 321.331.505.3678 15.618.462.911 15.653.464.788 -35.001.877

7 DUTI 267.041.220.494 279.191.566.362 -12.150.345.868 1.007.355.373.926 1.002.554.493.801 4.800.880.125 232.869.036.240 4.429.503.290.693 44.679.335.626 37.737.528.577 6.941.807.049

8 FMII -5.315.382.955 -13.584.048.422 8.268.665.467 11.034.329.400 16.959.011.510 -5.924.682.110 51.171.720.714 307.232.167.755 724.425.631 16.616.092.256 -15.891.666.625

9 KPIG 163.116.314.140 13.167.401.400 149.948.912.740 71.088.343.127 55666363429 15.421.979.698 471.401.619.660 2.088.221.069.234 320.689.156.721 49.581.782.341 271.107.374.380

10 GMTD 2.757.248.6921 48.588.859.250 -21.016.372.329 118.479.352.068 63.013.041.199 55.466.310.869 3.052.049.724 305.635.686.223 31.171.106.973 28.306.844.785 2.864.262.188

11 MORE 106.072.961.890 120.251.670.077 -14.178.708.187 380.208.336.908 202.367.772.456 177.840.564.452 131.580.142.110 744.866.369.493 32.412.226.282 18.608.843.712 13.803.382.570

12 JSPT 107.125.015.656 227.962.163.142 -120.837.147.486 1.037.229.216.029 958.100.438.225 79.128.777.804 1.320.106.254.868 2.598.210.491.391 138.965.043.798 11.302.451.1670 25.940.532.128

13 LCGP -53.937.9812 8.436.750.291 -8.976.130.103 11.005.548.488 12.205.193.327 -1.199.644.839 1.506.237.136 181.903.260.317 1.821.487.505 3.770.416.005 -1.948.928.500

14 LAMI 19.052.278.000 33.930.963.000 -14.878.685.000 128.970.729.000 134.898.800.000 -5.928.071.000 72.318.456.000 610.489.273.000 7694.980.000 9.402.085.000 -1.707.105.000

15 LPKR 525.345.786.018 -689.995.773.786 1.215.341.559.804 3.125.312.604.025 2.565.101.010.425 560.211.593.600 1.206.374.544.429 12.127.644.010.796 803.312.601.818 721.658.575.603 81.654.026.215

16 MTSM 1.975.748.448 8.238.382.795 -6.262.634.347 23.840.347.437 2.3141.990.106 698.357.331 18.850.751.457 97.913.906.621 1.143.629.155 3.231.172.535 -2.087.543.380

17 MKPI 262.847.794.796 415.766.322.325 -152.918.527.529 710.284.182.299 680.612.913.553 29.671.268.746 162.219.682.313 1.663.732.806.949 26.892.380.986 29.731.177.537 -2.838.796.551

18 MDLN 3.8601.640.901 -3.640.4026.672 75.005.667.573 261.325.501.687 292.726.441.382 -31.400.939.695 123.543.123.992 1.770.704.521.774 289.723.796.463 220.172.076.651 69.551.719.812

19 PWSI -3.522.882.774 -29.198.143 -3.493.684.631 453.327.524 1.785.185.874 -1.331.858.350 7.825.883.324 274.691.805.600 856.271.842 882.183.392 -25.911.550

20 GPRA 35.172.644.425 118.639.720.766 -83.467.076.341 309.333.090.543 305.373.225.589 3.959.864.954 9.910.409.289 1.323.187.899.971 98.276.706.169 305.373.225.589 -207.096.519.420

21 PNSE 29.931.694.795 57.799.446.089 -27.867.751.294 203.430.832.742 188.605.097.009 14.825.735.733 201.756.205.979 290.457.393.369 2.0594.705.038 188.605.097.009 -168.010.391.971

22 PUDP 10.130.740.228 3.582.876.361 6.547.863.867 58.064.427.706 56.326.438.031 1.737.989.675 97.983.564.539 26.601.8894.877 15.167.742.851 56.326.438.031 -41.158.695.180

23 BKSL 65.489.228.775 -14.5915.771.431 211.405.000.206 443.547.589.878 162.658.608.611 280.888.981.267 28.622.195.245 2.784.021.782.133 170.911.715.272 158.559.539.408 12.352.175.864

24 SMRA 233.477.896.000 65.438.883.9000 -420.910.943.000 1.695.443.952.000 1.197.692.629.000 49.775.1323.000 37.910.6473.000 4.460.277.206.000 211.327.429.000 133.618.697.000 77.708.732.000

86


25 SSIA 115.588.154.217 937.079.354.80 21.880.218.737 1.690.095.966.013 1.484.101.908.482 205.994.057.531 656.511.574.544 2.235.441.508.554 453.312.900.446 358.542.949.489 94.769.950.957

26 SSIP 51.186.767 -11.230.521.085 11.742.388.756 1.584.340.000 3.700.000.000 -2.115.660.000 11.024.951.593 1.637.620.850.055 36.176.374 1.156.575.178 -1.120.398.804

87


NO KODE TAC/TA-1

β0= -0,011 β1= -0,012 β2= -0,019 (ΔREV-ΔREC)/

TA-1

β0

(1/TA-1)

β1


β2

(PPE/TA-1) NDA DA

DA

ABS 1/TA-1

ΔREV/TA-

1 PPE/TA-1

1 BAPA -0,0209 0,000000000007414 -0,0674 0,0026 -0,1304 -0,011 0,001564770 -0,000050127 -0,009485358 -0,0114 0,0114

2 BKDP 0,0142 0,000000000001161 0,0158 0,5751 -0,0072 -0,011 0,000086123 -0,010927348 -0,021841225 0,0361 0,0361

3 BSDE -0,0795 0,000000000000218 0,2627 0,0795 0,2428 -0,011 -0,002913227 -0,001510117 -0,015423345 -0,0641 0,0641

4 CTRS 0,0008 0,000000000000441 0,0890 0,2848 0,0846 -0,011 -0,001015580 -0,005410529 -0,017426109 0,0182 0,0182

5 SCBD -0,0020 0,000000000000263 -0,2130 0,1782 -0,1629 -0,011 0,001954326 -0,003386134 -0,012431808 0,0104 0,0104

6 DART -0,0105 0,000000000000311 0,0108 0,0249 0,0108 -0,011 -0,000129164 -0,000474020 -0,011603185 0,0011 0,0011

7 DUTI -0,0027 0,000000000000226 0,0011 0,0526 -0,0005 -0,011 0,000005800 -0,000998873 -0,011993073 0,0093 0,0093

8 FMII 0,0269 0,000000000003255 -0,0193 0,1666 0,0324 -0,011 -0,000389295 -0,003164586 -0,014553881 0,0415 0,0415

9 KPIG 0,0718 0,000000000000479 0,0074 0,2257 -0,1224 -0,011 0,001469301 -0,004289120 -0,013819819 0,0856 0,0856

10 GMTD -0,0688 0,000000000003272 0,1815 0,0100 0,1721 -0,011 -0,002065284 -0,000189732 -0,013255017 -0,0555 0,0555

11 OMRE -0,090 0,000000000001343 0,2388 0,1766 0,2202 -0,011 -0,002642684 -0,003356337 -0,016999021 -0,0020 0,0020

12 JSPT -0,0465 0,000000000000385 0,0305 0,5081 0,0205 -0,011 -0,000245653 -0,009653575 -0,020899228 -0,0256 0,0256

13 LCGP -0,0493 0,000000000005497 -0,0066 0,0083 0,0041 -0,011 -0,000049430 -0,000157328 -0,011206758 -0,0381 0,0381

14 LAMI -0,0244 0,000000000001638 -0,0097 0,1185 -0,0069 -0,011 0,000082969 -0,002250737 -0,013167768 -0,0112 0,0112

15 LPKR 0,1002 0,000000000000082 0,0462 0,0995 0,0395 -0,011 -0,000473521 -0,001889989 -0,013363510 0,1136 0,1136

16 MTSM -0,0640 0,000000000010213 0,0071 0,1925 0,0285 -0,011 -0,000341431 -0,003657951 -0,014999382 -0,0490 0,0490

17 MKPI -0,0919 0,000000000000601 0,0178 0,0975 0,0195 -0,011 -0,000234485 -0,001852565 -0,013087051 -0,0788 0,0788

18 MDLN 0,0424 0,000000000000565 -0,0177 0,0698 -0,0570 -0,011 0,000684152 -0,001325641 -0,011641489 0,0540 0,0540

19 PWSI -0,0127 0,000000000003640 -0,0048 0,0285 -0,0048 -0,011 0,000057051 -0,000541304 -0,011484253 -0,0012 0,0012

20 GPRA -0,0631 0,000000000000756 0,0030 0,0075 0,1595 -0,011 -0,001914072 -0,000142306 -0,013056378 -0,0500 0,0500

21 PNSE -0,0959 0,000000000003443 0,0510 0,6946 0,6295 -0,011 -0,007553719 -0,013197694 -0,031751413 -0,0642 0,0642

22 PUDP 0,0246 0,000000000003759 0,0065 0,3683 0,1613 -0,011 -0,001935051 -0,006998329 -0,019933380 0,0445 0,0445

23 BKSL 0,0759 0,000000000000359 0,1009 0,0103 0,0965 -0,011 -0,001157477 -0,000195337 -0,012352814 0,0883 0,0883

24 SMRA -0,0944 0,000000000000224 0,1116 0,0850 0,0942 -0,011 -0,001130089 -0,001614927 -0,013745016 -0,0806 0,0806

88

NO KODE TAC/TA-1

β0= -0,011 β1= -0,012 β2= -0,019 (ΔREV-ΔREC)/

TA-1

β0

(1/TA-1)

β1


β2

(PPE/TA-1) NDA DA

DA


25 SSIA 0,0098 0,000000000000447 0,0921 0,2937 0,0498 -0,011 -0,000597058 -0,005579980 -0,017177039 0,0270 0,0270

26 SIIP 0,0072 0,000000000000611 -0,0013 0,0067 -0,0006 -0,011 0,000007293 -0,000127914 -0,011120621 0,0183 0,0183

89



1 ELTY 132.255.912.805 -365.677.947.540 497.933.860.345 10.59.003.993.596 1.053.840.389.404 5.163.604.192 461.551.4120.951 8.334.991.485.092 1.478.280.523.754 1.286.845.597.794 191.434.925.960

2 BIPP -21.807.772.883 -355.008.629 -21.452.764.254 3.051.3313.314 30.683.297.976 -169.984.662 63.347.620.578 216.882.532.228 10.569.260.455 9.164.291.779 1.404.968.676

3 BMSR -197.290.857.98 -10.596.914.236 -9.132.171.562 121.383.780.4955 19.606.272.980 .1.194.231.531.975 628.990.964 543.472.914.016 251.265.937.938 19.742.937.727 231.523.000.211

4 BKDP -716.3405.361 -55.864.837.039 48.701.431.678 3.1173.107.021 195.482.025.228 -164.308.918.207 445.957.709.856 925.683.059.578 72.596.982.626 69.600.930.317 2.996.052.309

5 BSDE 308.738.334.000 239.242.777.000 69.495.557.000 1.270.592.451.000 1.386.110.523.000 -115.518.072.000 11.3330.418.000 4.381.085.317.000 11.019.793.000 17.433.417.000 -6.413.624.000

6 CTRS 57.118.544.162 22.950.808.160 34.167.736.002 391.451.881.878 581.174.900.313 -1.897.23.018.435 490.511.425.769 2.159.220.314.884 55.436.183.045 77.517.513.110 -22.081.330.065

7 CKRA -1.425.723.768 28.586.910.041 -30.012.633.809 8.464.200.000 32.560.763.500 -24.096.563.500 3.946.206.324 1.287.523.728.705 29.022.938.526 39.990.376.097 -10.967.437.571

8 COWL 13.691.009.424 8.957.435.448 4.733.573.976 98.931.430.006 83.805.635.201 15.125.794.805 1.329.936.554 207.447.390.282 37.206.660.914 38.160.921.600 -954.260.686

9 SCBD 265.350.685 321.545.684 -56.194.999 1.922.056.432 772.758.393.000 -770.836.336.568 715.445.577.000 4.078.616.800.000 230.859.536.000 61.438.653.000 169.420.883.000

10 DART 30.186.439.156 -68.047.212.728 98.233.651.884 314.355.357.529 371.712.663.749 -57.357.306.220 87.253.341.315 2.774.514.489.772 15.653.464.788 10.738.487.403 4.914.977.385

11 DUTI 211.986.451.546 309.646.127.132 -97.659.675.586 1.002.554.493.801 1.062.378.872.385 -5.982.4378.584 251.461.060.981 4.513.527.428.217 37.737.528.577 40.260.483.636 -2.522.955.059

12 FMII -9.007.180.224 -1.378.272.312 -7.628.907.912 16.959.011.510 4.256.1259.450 -25.602.247.940 53.337.819.513 306.912.077.511 16.616.092.256 4.791.189.801 11.824.902.455

13 KPIG 127.874.560.767 12.038.249.588 115.836.311.179 55.666.363.429 46.666.329.984 900.0033.445 528.253.766.929 2.019.232.332.119 49.581.782.341 19.228.667.888 30.353.114.453

14 DILD 25.612.283.715 21.252.628.323 4.359.655.392 386.818.659.740 298.611.163.310 88.207.496.430 142.580.200.001 2.111.152.441.704 90.659.537.735 61.966.367.934 28.693.169.801

15 JSPT 793.07.133.308 178.284.877.140 -98.977.743.832 958.100.438.225 924.051.133.937 34.049.304.288 1.408.923.710.875 2.688.409.851.745 113.024.511.670 99.995.162.483 13.029.349.187

16 JRPT 191.705.460.000 377.493.848.000 -185.788.388.000 662.062.576.000 648.573.117.000 13.489.459.000 23.727.637.000 2.211.213.226.000 55.828.921.000 13.720.362.000 42.108.559.000

17 LAMI 12.602.248.000 26.757.944.000 -14.155.696.000 134.898.800.000 112.946.502.000 21.952.298.000 82.267.962.000 639.351.512.000 9.402.085.000 5.808.039.000 3.594.046.000

18 LPCK 25.681.106.177 67.554.133.296 -41.873.027.119 323.158.797.330 276.557.519.426 46.601.277.904 22.068.786.105 1.401.408.806.528 68.470.524.323 5.465.955.3307 13.810.971.016

19 LPKR 388.053.495.627 115.733.565.255 272.319.930.372 2.565.101.010.425 2.553.306.718.090 11.794.292.335 1.245.661.350.665 1.1787.777.210.609 721.658.575.603 1.352.506.111.697 -630.847.536.094

20 MTSM 968.489.341 1.499.318.785 -530.829.444 23.141.990.106 23.344.789.550 -202.799.444 18.988.766.776 95.558.557.641 3.231.172.535 4.539.342.222 -1.308.169.687

21 MDLN 2.355.455.742 144.090.913.646 -141.735.457.904 292.726.441.382 237.129.684.761 55.596.756.621 95.237.905.190 1.846.259.737.784 220.172.076.651 320.197.624.032 -100.025.547.381

22 PWON 146.622.125.000 82.835.045.000 63.787.080.000 697.388.204.000 453.811.684.000 243.576.520.000 1.559.359.538.000 356.250.1143.000 44.964.730.000 43.812.528.000 1.152.202.000

23 PWSI -13.720.531.089 334.511.492 -14.055.042.581 1.785.185.874 2.037.812.760 -252.626.886 7.893.989.184 276.786.963.689 882.183.392 1.507.571.970 -625.388.578

24 GPRA 31.296.373.054 -10.623.700.937 41.920.073.991 305.373.225.589 308.174.176.555 -2.800.950.966 160.311.149.978 1.409.097.674.907 219.660.766.482 168.901.346.234 50.759.420.248

90


25 PNSE 32.044.907.478 41.717.786.175 -9.672.878.697 188.605.097.009 158.486.228.458 30.118.868.551 189.669.738.651 255.117.885.071 18.081.641.446 16.467.965.492 1.613.675.954

26 PUDP 6501.624.556 -1.321.416.321 7.823.040.877 56.326.438.031 49.163.595.979 7.162.842.052 97.600.078.317 24.409.3831.373 14.771.418.878 18.150.507.990 -3.379.089.112

27 BKSL 2.457.166.164 -117.011.989.335 119.469.155.499 162.658.608.611 80.110.391.344 82.548.217.267 34.110.054.088 2.543.182.987.219 158.559.539.408 81.164.592.927 77.394.946.481

28 SMRA 167.342.743.000 572.891.906.000 -405.549.163.000 1.197.692.629.000 1.267.062.897.000 -69.370.268.000 308.637.298.000 3.629.969.131.000 133.618.697.000 160.069.046.000 -26.450.349.000

29 SSIA 17.598.623.843 -67.756.385.148 85.355.008.991 1.484.101.908.482 1.753.279.906.706 -269.177.998.224 635.606.504.090 2.251.369.383.772 358.542.949.489 441.406.490.720 -82.863.541.231

30 SIIP 4.3095.793.239 -11.577.790.288 54.673.583.527 3700.000.000 106.889.772.174 -103.189.772.174 10.523.851.542 1.791.366.932.641 1.156.575.178 74.421.409.262 -73.264.834.084

91


NO KODE TAC/TA-1

β0= -0,011 β1= -0,012 β2= -0,019 (ΔREV-ΔREC)/

TA-1

β0

(1/TA-1)

β1


β2

(PPE/TA-1) NDA DA

DA


1 ELTY 0,0597 0,000000000000120 0,0006 0,5538 -0,0223 -0,011 0,000268177 -0,010521279 -0,021253101 0,0810 0,0810

2 BIPP -0,0989 0,000000000004611 -0,0008 0,2921 -0,0073 -0,011 0,000087141 -0,005549570 -0,016462429 -0,0825 0,0825

3 BMSR -0,0168 0,000000000001840 2,1974 0,0012 1,7714 -0,011 -0,021256814 -0,000021990 -0,032278803 0,0155 0,0155

4 BKDP 0,0526 0,000000000001080 -0,1775 0,4818 -0,1807 -0,011 0,002168841 -0,009153453 -0,017984612 0,0706 0,0706

5 BSDE 0,0159 0,000000000000228 -0,0264 0,0259 -0,0249 -0,011 0,000298842 -0,000491494 -0,011192652 0,0271 0,0271

6 CTRS 0,0158 0,000000000000463 -0,0879 0,2272 -0,0776 -0,011 0,000931679 -0,004316242 -0,014384563 0,0302 0,0302

7 CKRA -0,0233 0,000000000000777 -0,0187 0,0031 -0,0102 -0,011 0,000122366 -0,000058234 -0,010935868 -0,0124 0,0124

8 COWL 0,0228 0,000000000004820 0,0729 0,0064 0,0775 -0,011 -0,000930167 -0,000121808 -0,012051975 0,0349 0,0349

9 SCBD -0,0138 0,000000000000245 0,2818 0,1754 -0,2402 -0,011 -0,002882969 -0,003332862 -0,017215831 0,0034 0,0034

10 DART 0,0354 0,000000000000360 -0,0207 0,0314 -0,0224 -0,011 0,000269333 -0,000597515 -0,011328182 0,0467 0,0467

11 DUTI -0,0216 0,000000000000222 -0,0133 0,0557 -0,0127 -0,011 0,000152346 -0,001058542 -0,011906197 -0,0097 0,0097

12 FMII -0,0249 0,000000000003258 -0,0834 0,1738 -0,1219 -0,011 0,001463370 -0,003301983 -0,012838614 -0,0120 0,0120

13 KPIG 0,0574 0,000000000000495 0,0045 0,2616 -0,0106 -0,011 0,000126898 -0,004970613 -0,015843714 0,0732 0,0732

14 DILD 0,0021 0,000000000000474 0,0418 0,0675 0,0282 -0,011 -0,000338285 -0,001283197 -0,012621482 0,0147 0,0147

15 JSPT -0,0368 0,000000000000372 0,0127 0,5241 0,0078 -0,011 -0,000093825 -0,009957392 -0,021051217 -0,0158 0,0158

16 JRPT -0,0840 0,000000000000452 0,0061 0,0107 -0,0129 -0,011 0,000155313 -0,000203881 -0,011048569 -0,0730 0,0730

17 LAMI -0,0221 0,000000000001564 0,0343 0,1287 0,0287 -0,011 -0,000344566 -0,002444807 -0,013789374 -0,0084 0,0084

18 LPCK -0,0299 0,000000000000714 0,0333 0,0157 0,0234 -0,011 -0,000280777 -0,000299204 -0,011579981 -0,0183 0,0183

19 LPKR 0,0231 0,000000000000085 0,0010 0,1057 0,0545 -0,011 -0,000654212 -0,002007806 -0,013662017 0,0368 0,0368

20 MTSM -0,0056 0,000000000010465 -0,0021 0,1987 0,0116 -0,011 -0,000138810 -0,003775555 -0,014914364 0,0094 0,0094

21 MDLN -0,0768 0,000000000000542 0,0301 0,0516 0,0843 -0,011 -0,001011487 -0,000980101 -0,012991588 -0,0638 0,0638

22 PWON 0,0179 0,000000000000281 0,0684 0,4377 0,0680 -0,011 -0,000816587 -0,008316582 -0,020133168 0,0380 0,0380

23 PWSI -0,0508 0,000000000003613 -0,0009 0,0285 0,0013 -0,011 -0,000016161 -0,000541882 -0,011558043 -0,0392 0,0392

24 GPRA 0,0297 0,000000000000710 -0,0020 0,1138 -0,0380 -0,011 0,000456125 -0,002161604 -0,012705480 0,0425 0,0425

92

NO KODE TAC/TA-1

β0= -0,011 β1= -0,012 β2= -0.,019 (ΔREV-ΔREC)/

TA-1

β0

(1/TA-1)

β1


β2

(PPE/TA-1) NDA DA

DA


25 PNSE -0,0379 0,000000000003920 0,1181 0,7435 0,1117 -0,011 -0,001340801 -0,014125725 -0,026466526 -0,0114 0,0114

26 PUDP 0,0320 0,000000000004097 0,0293 0,3998 0,0432 -0,011 -0,000518256 -0,007597085 -0,019115341 0,0512 0,0512

28 BKSL 0,0470 0,000000000000393 0,0325 0,0134 0,0020 -0,011 -0,000024316 -0,000254835 -0,011279150 0,0583 0,0583

29 SMRA -0,1117 0,000000000000275 -0,0191 0,0850 -0,0118 -0,011 0,000141885 -0,001615471 -0,012473585 -0,0992 0,0992

30 SSIA 0,0379 0,000000000000444 -0,1196 0,2823 -0,0828 -0,011 0,000993073 -0,005364079 -0,015371006 0,0533 0,0533

31 SIIP 0,0305 0,000000000000558 -0,0576 0,0059 -0,0167 -0,011 0,000200461 -0,000111620 -0,010911159 0,0414 0,0414

93

LAMPIRAN 3:

HASIL

UJI ASUMSI KLASIK

REGRESI MANAJEMEN LABA

94

Uji Asumsi Klasik Regresi Manajemen Laba

1. Normalitas

Sebelum Data Normal

Tests of Normality

Kolmogorov-Smirnov

a Shapiro-Wilk

Statistic Df Sig. Statistic df Sig.

Unstandardized

Residual

.107 161 .000 .948 161 .000

a. Lilliefors Significance Correction

Sesudah Data Normal

Tests of Normality

Kolmogorov-Smirnov

a Shapiro-Wilk


Unstandardized

Residual

.063 151 .200* .986 151 .119


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

2. Autokorelasi

Model Summaryb

Model R R Square

Adjusted R

Square

Std. Error of the

Estimate Durbin-Watson

1 .071a .005 -.008 .065205235869268 2.101

a. Predictors: (Constant), PPE/TA-1, REV/TA-1

b. Dependent Variable: TAC/TA-1

95

3. Multikolinearitas

Coefficientsa

Model

Unstandardized

Coefficients

Standardized

Coefficients

T Sig.

Collinearity

Statistics

B

Std.

Error Beta Tolerance VIF

1 (Constant) -.011 .007 -1.510 .133

REV/TA-1 -.012 .024 -.042 -.515 .607 .999 1.001

PPE/TA-1 -.019 .027 -.056 -.684 .495 .999 1.001

a. Dependent Variable: TAC/TA-1

4. Heteroskedastisitas

Coefficientsa

Model

Unstandardized Coefficients

Standardized

Coefficients

t Sig. B Std. Error Beta

1 (Constant) .044 .005 9.721 .000

REV/TA-1 .027 .015 .146 1.810 .072

PPE/TA-1 .022 .017 .102 1.256 .211

a. Dependent Variable: absolute

96

LAMPIRAN 4:

HASIL

REGRESI BERGANDA

MANAJEMEN LABA

97

Regresi Berganda Manajemen Laba

Model Summaryb

Model R R Square Adjusted R Square

Std. Error of the

Estimate

1 .071a .005 -.008 .065205235869268



ANOVAb

Model Sum of Squares df Mean Square F Sig.

1 Regression .003 2 .002 .378 .686a

Residual .629 148 .004

Total .632 150



Coefficientsa

Model


Standardized

Coefficients


1 (Constant) -.011 .007 -1.510 .133

REV/TA-1 -.012 .024 -.042 -.515 .607

PPE/TA-1 -.019 .027 -.056 -.684 .495

a. Dependent Variable: TAC/TA-1

98

LAMPIRAN 5:

HASIL

UJI ASUMSI KLASIK

PENGUJIAN HIPOTESIS

99

Uji Asumsi Klasik Uji Hipotesis

1. Normalitas

Sebelum Data Normal

Tests of Normality

Kolmogorov-Smirnov

a Shapiro-Wilk


Unstandardized

Residual

.123 151 .000 .914 131 .000


Sesudah Data Normal

Tests of Normality

Kolmogorov-Smirnov

a Shapiro-Wilk


Unstandardized

Residual

.082 101 .094 .954 101 .001


2. Autokorelasi

Model Summaryb

Model R R Square

Adjusted R

Square

Std. Error of the

Estimate Durbin-Watson

1 .658a .434 .410 .0213756 1.848

a. Predictors: (Constant), KI, KKA, KM, KDK

b. Dependent Variable: DA

100

3. Multikolinearitas

Coefficientsa

Model

Unstandardized

Coefficients

Standardized

Coefficients

T Sig.

Collinearity Statistics

B Std. Error Beta Tolerance VIF

1 (Constant) .136 .016 8.704 .000

KDK -.068 .022 -.258 -3.081 .003 .844 1.184

KKA .001 .005 .012 .148 .882 .979 1.022

KM -.004 .005 -.072 -.890 .375 .911 1.098

KI -.096 .012 -.716 -8.328 .000 .797 1.254

a. Dependent Variable: DA

4. Heteroskedastisitas

Coefficientsa

Model

Unstandardized

Coefficients

Standardized

Coefficients

T Sig.

Collinearity

Statistics

B

Std.

Error Beta Tolerance VIF

1 (Constant) .019 .008 2.245 .027

KDK .007 .012 .062 .570 .570 .844 1.184

KKA .002 .003 .058 .576 .566 .979 1.022

KM .000 .003 -.006 -.053 .958 .911 1.098

KI -.008 .006 -.139 -1.239 .218 .797 1.254

a. Dependent Variable: absolute

101

LAMPIRAN 6:

HASIL

REGRESI BERGANDA

PENGUJIAN HIPOTESIS

102

Regresi Berganda Uji Hipotesis

Model Summaryb

Model R R Square Adjusted R Square

Std. Error of the

Estimate

1 .658a .434 .410 .0213756



ANOVAb

Model Sum of Squares Df Mean Square F Sig.

1 Regression .034 4 .008 18.371 .000a

Residual .044 96 .000

Total .077 100



Coefficientsa

Model


Standardized

Coefficients


1 (Constant) .136 .016 8.704 .000

KDK -.068 .022 -.258 -3.081 .003

KKA .001 .005 .012 .148 .882

KM -.004 .005 -.072 -.890 .375

KI -.096 .012 -.716 -8.328 .000

a. Dependent Variable: DA

LAMPIRAN 7:

STATISTIK DESKRIPTIF

DAN

DATA TOTAL LABA

SEKTOR REAL ESTATE & PROPERTY

PER TAHUN

71

Statistik Deskriptif

Descriptive Statistics

N Minimum Maximum Mean Std. Deviation

DA 101 .0011 .1136 .041582 .0278279

KDK 101 .167 .875 .40663 .105173

KI 101 .180 .975 .68706 .206598

Valid N (listwise) 101

KKA

Frequency Percent Valid Percent Cumulative Percent

Valid 0 23 22.8 22.8 22.8

1 78 77.2 77.2 100.0

Total 101 100.0 100.0

KM

Frequency Percent Valid Percent Cumulative Percent

Valid 0 68 67.3 67.3 67.3

1 33 32.7 32.7 100.0

Total 101 100.0 100.0

Total Laba Tahun 2009-2012

Tahun Total Laba

2009 2.711.522.740.719

2010 4.316.771.883.172

2011 7.067.827.084.005

2012 13.295.991.133.782

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