daftar pustaka - repository.unika.ac.idrepository.unika.ac.id/1825/6/09.60.0094 adyan permatasari...
TRANSCRIPT
76
DAFTAR PUSTAKA
Badan Pengawas Pasar Modal, 2004, Kep-29/PM/2004, Pembentukan dan Pedoman
Kerja Komite Audit.
Bergstresser, Daniel & Thomas Phillippon. 2006. “CEO Incentives and Earnings
Management”. Journal of Financial Economics 80 (2006) 511-529
Blocher et al. 2005. Cost Management : A Strateic Emphasis. New York: McGraw-
Hill Companies, Inc
Boediono, Gideon S. 2005. “Pengaruh Mekanisme Corporate Governance terhadap
Manajemen Laba dan Dampaknya pada Kualitas Laba”. Jurnal Akuntansi/
Th IX No 3 September 2005
Cornett, Marcia Millon dkk. 2008. “Corporate Governance and Pay Performance: The
Impact of Earnings Management”. Journal of Financial Economics 87(2008)
hal 357-373
Dechow, Patricia M. 1994. “Accounting Earnings and Cash Flows as Measures of
Firm Performance The Role of Accounting Accruals”. Journal of
Accounting and Economics 18 (1994) 3-42
Ghozali, Imam. 2011. Aplikasi Analisis Multivariate dengan Program IBM SPSS19,
Edisi 5, cetakan V. Semarang : Badan Penerbit Universitas Diponegoro
Guna, Welvin I dan Arleen Herawaty. 2010. “Pengaruh Mekanisme Good Corporate
Governance, Independensi Auditor, Kualitas Audit dan Faktor lainnya
terhadap Manajemen Laba”. Jurnal Bisnis dan Akuntansi Vol 12 No 1 April
2010 hal 53-68
Halim, Julia et al. 2005. “Pengaruh Manajemen Laba pada Tingkat Pengungkapan
Laporan Keuangan pada Perusahaan Manufaktur yang termasuk dalam
Indeks 45”. Simposium Nasional Akuntansi VIII Solo 15-16 September 2005
Hari, Bintang. 2012. “Karakteristik Dewan Komisaris dan Manajemen Laba di
Indonesia”. Majalah Ekonomi Vol 22 No 1
Hanafi, Mamduh M dan Abdul Halim. 2000. Analisis Laporan Keuangan.
Yogyakarta:UPP AMP YKPN
77
Hardiningsih, Pancawati. 2010. “Pengaruh Independensi, Corporate Governance, dan
Kualitas Audit terhadap Integritas Laporan Keuangan”. Kajian Akuntansi,
Februari 2010, hal 61-76
Iqbal, Syaiful dan Nurul F. 2005. “Corporate Governance sebagai Alat Pereda Praktik
Manajemen Laba (Earnings Management)”. Jurnal Akuntansi dan
Keuangan, 6 (4) hal 25-43
Indriastuti, Maya. 2012. “Analisis Kualitas Auditor dan Corporate Governance
terhadap Manajemen Laba”. Eksistansi (ISSN 2085-2401) Vol IV No 2
Agustus 2012
Irawan, Hendra dan Aria F. 2012. “Pengaruh Kompensasi Manajemen dan Corporate
Governance terhadap Manajemen Pajak Perusahaan”. Simposium Nasional
Akuntansi XV Banjarmasin 20-23 September 2012
Jao, Robert dan Gagaring Pagalung. 2011. “Corporate Governance, Ukuran
Perusahaan, dan Leverage terhadap Manajemen Laba Perusahaan
Manufaktur Indonesia”. Jurnal Akuntansi dan Auditing Vol 8/No. 1
November 2011: 1-94
Jogiyanto. 2010. Metodologi Penelitian Bisnis: Salah Kaprah dan Pengalaman-
Pengalaman. Yogyakarta : BPFE-Yogyakarta
Midiastuty, Pranata Puspa dan Mas’ud Machfoedz. 2003. “Analisis Hubungan
Mekanisme Corporate Governance dan Indikasi Manajemen Laba”.
Simposium Nasional Akuntansi VI, Surabaya 16-17 Oktober 2003
Munawir. 2002. Analisa Laporan Keuangan. Yogyakarta: Liberty
Murwaningsari, Etty. 2008. “Pengaruh Corporate Governance terhadap Nilai
Perusahaan dengan Manjamen Laba sebagai Variabel Intervening (Studi
pada Perusahaan Manufaktur di BEJ)”. Jurnal Akuntansi dan Keuangan Vol
13 No 2 November 2008 hal 364-383
Nasser. Etty M. 2008. “Pengaruh Struktur Kepemilikan dan Dewan Komisaris
Independen terhadapa Nilai Manajemen Laba dan Kebijakan Hutang sebagai
Variabel Intervening”. Media Riset Akuntansi, Auditing dan Informasi, Vol 8
No 1, April 2008:1-27
Nasution, Marihot dan Doddy Setiawan. 2007. “Pengaruh Corporate Governance
terhadap Manajemen Laba di Industri Perbankan Indonesia”. Simposium
Nasional Akuntansi X Makassar 26-28 Juli 2007
78
Pradipta, Arya. 2011. “Analisis Pengaruh dari Mekanisme Corporate Governance
terhadap Manajemen laba”. Jurnal Bisnis dan Akuntansi Vol 13 No 2
Agustus 2011, hal 93-106
Palestin. 2008. “Analisa Pengaruh Struktur Kepemilikan, Praktik Corporate
Governance dan Kompensasi Bonus terhadap Manajemen Laba (Studi
Empiris pada di P.T BEI)”. Jurnal Ekonomi
Prastowo, Dwi dan Rifka Juliaty. 2008. Analisa Laporan Keuangan. Yogyakarta:
UPP STIM YKPN
Purwandari, Indri Wahyu dan Moh Kholiq Mahfud. 2011. “Analisis Pengaruh
Mekanisme Good Corporate Governance, profitabilitas dan Leverage
terhadap Praktek Manajemen Laba (Earnings Management)”. Universitas
Diponegoro
Sari, Novita Senja Kartika. 2012. “Pengaruh Kinerja Keuangan terhadap Manajemen
Laba pada Perusahaan Perbankan Go Public tahun 2007-2011”.
Surabaya:Universitas negeri Surabaya
Scoot, William R. 2009. Financial Accounting Theory. Canada: Pearson Prentice Hall
Siallagan, Hamonangan dan Mas’ud Machfoedz. 2006. “Mekanisme Corporate
Governance, Kualitas Laba dan Nilai Perusahaan”. Simposium Nasional
Akuntansi 9 Padang 23-26 Agustus
Siregar, Sylvia Veronica dan Sidharta Utama. 2006. “Pengaruh Struktur
Kepemilikan, Ukuran Perusahaan, dan Praktik Corporate Governance
terhadap Pengelolaan Laba (Earnings Management)”. Jurnal Riset Akuntansi
Indonesia Vol 9 No 3 Sepetember 2006 hal 307-326
Subhan. 2012. “Pengaruh Corporate Governance dan Leverage Keuangan terhadap
Manajemen laba Perusahaan Perbankan yang terdaftar di Bursa Efek
Indonesia”. Madura: Universitas Madura
Suhartini, Dwi. 2006. “Pengaruh Leverage, Jumlah Dewan Direksi, Reputasi Auditor
dan Presentase Saham yang Ditawarkan pada Publik saat IPO terhadap
Earnings Management”. Jurnal Ilmu-ilmu Ekonomi Vol 6 No 2 September
2006 hal 64-75
Suliatiawan et. Al. 2011. Creative Accounting: Mengungkap Manajemen Laba dan
Skandal Akuntansi. Jakarta : Salemba Empat
79
Sulistyanto, Sri. 2006. Manajemen Laba. Jakarta: PT Gramedia
Susanto, Yulius Kurnia dan Herni. 2008. “ Pengaruh Struktur Kepemilikan Publik,
Praktik Pengelolaan Perusahaan, Jenis Industri, Ukuran Perusahaan,
Profitabilitas dan Resiko Keuangan terhadap Tindakan Perataan Laba (Studi
Empiris pada Industri yang Listing di Bursa Indonesia)”. Jurnal Ekonomi
dan Bisnis Indonesia Vol 23 No 3 Hal 302-314
Suwito, Edy dan Arleen Herawaty. 2005. “Analisis Pengaruh Karakteristik
Perusahaan terhadap Tindakan Perataan Laba yang dilakukan oleh
Perusahaan yang Terdaftar di Bursa Efek Jakarta”. Simposium Nasional
Akuntansi VIII Solo15-16 September 2005
Tanomi, Rehobot. 2012. “Pengaruh Kompensasi Manajemen Perjanjian Hutang dan
Pajak terhadap Manajemen Laba Perusahaan Manufaktur di Indonesia”.
Berkala Ilmiah Mahasiswa Akuntansi Vol 1 No 3 Mei 2012
Ting, Wei et al. 2009. “Top Management Compensation, Earnings Management and
Default Risk : Insight from the Chinesse Stock Market”. The International
Juornal of Business and Finance Research Vol 3 No 1
Trisnawati, Rina. 2009. “Perbedaan Mekanisme Corporate Governance dan Praktik
Manajemen Laba : Studi Komparasi Indeks Syariah dan Indeks Kovensional
di BEI”. UNISA Vol 32 No 72 Desember 2009
Tuty dan Titik Indrawati. 2007. “Faktor-faktor penentu Indeks Perataan Laba selama
Periode Krisis Ekonomi”. Jurnal Akuntansi dan Keuangan Vol 1 No 2
Agustus 2007: 155-170
Ujiyantho, Arief dan Bambang A.P. 2007. “Mekanisme Corporate Governance,
Manajemen Laba dan Kinerja Keuangan (Studi pada Perusahaan Go Public
sektor Manufaktur)”. Simposium Nasional Akuntansi X Makassar 26-28 July
2007
Wedari, L.K. 2004. “Analisis Pengaruh Proporsi Dewan Komisaris dan Keberadaan
Komite Audit terhadap Aktivitas Manajemen Laba”. Simposium Nasional
Akuntansi VII Desember 2004 hal 963-974
Widyaningdyah, Agnes Utari. 2001. “Analisis Faktor-Faktor yang Berpengaruh
terhadap Earnings Management pada Perusahaan Go Public di Indonesia”.
Jurnal Akuntansi & Keuangan Vol 3 No 2 November 2001 hal 89-101
80
Widyastuti, Tri. 2009. “Pengaruh Struktur Kepemilikan dan Kinerja Keuangan
terhadap Manajemen Laba : Studi pada Perusahaan Manufaktur di BEI”.
Jurnal MAKSI vol 9 No 9 Januari Hal 30-41
Wiralestari et al. 2012. “Analisis Pengaruh Komisaris Independen, Komite Audit dan
Kepemilikan Institusional terhadap Manajemen Laba”. Jurnal Penelitian
Universitas Jambi (ISSN 0852-8349) Vol 14 No 1 Hal 61-66
Zhu, Yuqing & Gary G.T. 2009. “CEO Pay Performance and Board Independence :
The Impact of Earnings Management in China”. Australia: School of
Accounting and Finance
Β0= -0,027; β1= 0,074 ; β2= -0,005
Tahun 2009
∆Rect ∆Revt
KODE Laba bersih CFO Ait-1 PPEt 2.009 2.008 HSIL 2.009 2.008 HSIL
INDF 2.075.861.000.000 2.314.507.000.000 39.591.309.000.000 10.808.449.000.000 2.794.611.000.000 3.162.143.000.000 -367.532.000.000 37.140.830.000.000 38.799.279.000.000 -1.658.449.000.000
SKLT 12.802.527.979 11.689.827.584 196.186.028.659 99.533.575.485 34.012.795.437 46.514.131.241 -12.501.335.804 276.312.034.061 313.125.226.415 -36.813.192.354
STTP 41.072.367.353 99.952.885.153 626.749.784.472 325.884.194.275 61.749.014.026 37.625.013.315 24.124.000.711 627.114.839.010 624.400.880.523 2.713.958.487
ULTJ 61.152.852.190 15.687.936.541 1.718.997.392.028 808.903.387.439 178.089.061.704 151.204.612.686 26.884.449.018 1.613.927.991.404 1.362.606.580.492 251.321.410.912
GGRM 3.455.702.000.000 3.265.201.000.000 24.072.959.000.000 7.019.464.000.000 1.038.958.000.000 2.098.598.000.000 -1.059.640.000.000 32.973.080.000.000 30.521.643.000.000 2.451.437.000.000
SSTM 31.135.279.839 6.194.191.501 918.745.741.642 410.636.609.754 308.000.000 193.002.520.051 -192.694.520.051 427.198.532.746 450.315.062.096 -23.116.529.350
UNTX 30.679.809.366 2.516.627.991 153.146.523.532 68.926.002.531 15.760.856.566 23.528.748.606 -7.767.892.040 145.590.262.794 154.109.641.909 -8.519.379.115
BRPT 547.265.000.000 1.034.262.000.000 11.807.631.000.000 16.375.286.000.000 1.239.766.000.000 701.894.000.000 537.872.000.000 14.392.940.000.000 18.322.898.000.000 -3.929.958.000.000
KBRI 20.514.623.685 -15.795.854.706 1.124.524.138.126 1.080.782.660.621 7.609.275.452 10.255.511.547 -2.646.236.095 108.938.486.350 160.562.545.233 -51.624.058.883
AKRA 274.718.650.000 671.152.317.000 4.874.850.950.000 2.859.238.232.000 1.411.547.993.000 923.459.614.000 488.088.379.000 8.959.841.972.000 9.476.133.189.000 -516.291.217.000
ETWA 10.416.886.250 -1.025.273.940 417.548.675.139 20.062.757.476 395.949.552.522 319.387.491.951 76.562.060.571 765.430.931.319 714.819.368.323 50.611.562.996
TPIA 482.884.000.000 644.566.000.000 2.374.666.000.000 954.740.000.000 378.174.000.000 346.793.000.000 31.381.000.000 4.739.684.000.000 4.988.056.000.000 -248.372.000.000
DPNS 7.124.377.450 20.281.483.012 142.627.256.412 11.171.935.169 17.487.721.455 31.264.389.078 -13.776.667.623 93.286.770.819 112.678.482.166 -19.391.711.347
AKKU -5.664.063.927 -293.116.246 42.858.281.932 25.335.604.931 1.032.689.446 5.954.945.308 -4.922.255.862 2.562.014.001 8.069.528.042 -5.507.514.041
ASPL 30.124.714.633 39.483.367.398 276.082.674.266 187.461.988.513 43.471.694.446 33.232.352.338 10.239.342.108 284.538.777.148 300.785.748.347 -16.246.971.199
BRNA 20.260.227.896 27.083.258.750 432.191.714.490 214.233.768.452 148.526.317.447 107.923.816.261 40.602.501.186 537.142.366.438 479.934.277.855 57.208.088.583
DYNA 65.588.022.747 179.707.366.125 1.235.004.262.542 744.671.741.429 249.814.977.004 229.878.584.251 19.936.392.753 1.492.066.050.977 1.382.073.857.157 109.992.193.820
LMPI 5.991.716.796 12.909.610.155 560.083.744.938 161.251.671.834 108.146.232.221 88.726.863.130 19.419.369.091 381.140.623.990 326.182.642.756 54.957.981.234
YPAS 18.540.681.482 15.044.881.849 180.549.748.739 100.081.847.273 36.425.596.591 33.973.237.583 2.452.359.008 278.875.339.582 277.756.675.320 1.118.664.262
BTON 9.388.156.670 10.821.274.744 70.508.814.577 7.094.322.789 14.489.195.086 14.141.495.488 347.699.598 133.110.644.620 172.390.663.400 -39.280.018.780
INAI -12.824.140.133 84.367.262.804 622.405.086.863 31.781.721.634 204.438.492.361 238.715.767.176 -34.277.274.815 470.649.560.010 642.018.495.853 -171.368.935.843
JKSW 6.721.613.437 40.761.777.329 300.344.857.854 47.356.826.124 118.318.238.137 173.197.070.855 -54.878.832.718 205.653.906.365 190.056.590.063 15.597.316.302
JPRS 1.917.377.909 -9.626.220.956 399.343.736.262 19.191.931.767 136.621.309.672 141.996.027.843 -5.374.718.171 302.868.416.321 732.703.320.157 -429.834.903.836
LION 33.613.329.078 50.456.390.635 253.141.852.363 19.613.637.506 37.398.531.439 37.886.995.552 -488.464.113 197.507.850.435 229.607.016.136 -32.099.165.701
LMSH 2.400.507.034 4.064.913.956 61.987.805.413 24.185.809.936 16.555.049.777 13.262.242.055 3.292.807.722 124.810.716.264 163.316.661.433 -38.505.945.169
PICO 12.657.347.594 26.731.596.161 588.563.565.451 219.737.979.541 74.756.008.212 95.729.239.123 -20.973.230.911 607.170.700.525 600.190.671.131 6.980.029.394
NIKL 41.996.826.000 134.212.835.000 792.222.067.000 26.725.023.000 165.032.352.000 26.147.734.000 138.884.618.000 1.180.276.179.000 1.465.899.816.000 -285.623.637.000
TIRA 2.202.660.865 27.348.050.721 228.581.820.317 55.896.759.947 56.209.442.023 53.575.660.833 2.633.781.190 238.088.920.308 254.706.069.606 -16.617.149.298
KICI -5.214.569.732 989.752.746 86.218.216.167 6.377.246.516 17.573.754.584 10.215.718.739 7.358.035.845 83.010.877.783 93.194.684.209 -10.183.806.426
IKAI -35.593.349.295 6.120.666.863 784.499.131.712 441.793.904.858 147.900.655.864 54.284.606.536 93.616.049.328 225.836.548.312 245.658.163.581 -19.821.615.269
MITI 8.925.071.679 22.965.826.384 127.830.725.345 38.117.395.115 8.857.613.113 49.913.897.938 -41.056.284.825 68.328.469.105 92.953.417.113 -24.624.948.008
IKBI 28.718.699.277 112.732.401.688 636.408.514.847 122.525.671.390 98.304.079.757 208.096.557.549 -109.792.477.792 862.112.294.567 1.645.326.436.201 -783.214.141.634
MTDL 10.064.638.280 279.800.857.151 1.288.795.504.203 64.601.055.592 366.213.903.407 460.159.534.514 -93.945.631.107 3.396.917.071.000 3.422.199.694.667 -25.282.623.667
MLPL 110.691.000.000 1.246.881.000.000 11.461.858.000.000 2.282.299.000.000 257.502.000.000 879.212.000.000 -621.710.000.000 10.885.698.000.000 9.759.636.000.000 1.126.062.000.000
PTSN -36.312.861.204 57.873.649.915 964.585.323.095 414.519.553.409 320.431.551.264 305.805.459.780 14.626.091.484 1.950.280.620.085 2.105.211.912.606 -154.931.292.521
ASII 10.040.000.000.000 11.335.000.000.000 80.740.000.000.000 21.941.000.000.000 29.661.000.000.000 25.664.000.000.000 3.997.000.000.000 98.526.000.000.000 97.064.000.000.000 1.462.000.000.000
AOTU 768.265.000.000 595.745.000.000 3.981.316.000.000 696.716.000.000 748.680.000.000 600.414.000.000 148.266.000.000 5.265.798.000.000 5.278.215.000.000 -12.417.000.000
GJTL 905.330.000.000 1.137.405.000.000 8.713.559.000.000 3.609.236.000.000 1.580.754.000.000 1.406.104.000.000 174.650.000.000 7.936.432.000.000 7.963.473.000.000 -27.041.000.000
INDS 72.105.574.000 213.251.329.000 1.672.766.471.000 645.429.255.000 225.939.138.000 239.189.079.000 -13.249.941.000 1.500.639.310.000 1.637.886.215.000 -137.246.905.000
INTA 37.473.252.355 107.682.723.082 1.137.218.196.524 63.910.054.849 317.883.861.209 294.066.913.297 23.816.947.912 1.026.887.640.305 1.052.269.745.226 -25.382.104.921
NIPS 3.685.250.963 843.083.666 325.008.127.626 142.205.325.467 72.830.472.738 104.628.863.359 -31.798.390.621 279.929.010.718 480.457.824.504 -200.528.813.786
PRAS -36.216.313.566 208.243.945 555.320.858.382 153.641.418.794 122.042.503.354 203.836.521.631 -81.794.018.277 161.201.408.520 410.673.009.414 -249.471.600.894
SMSM 132.850.275.038 268.070.416.818 929.753.183.773 341.364.253.389 279.098.068.836 244.416.752.381 34.681.316.455 1.374.651.605.661 1.353.586.085.743 21.065.519.918
KAEF 62.506.876.510 120.369.595.992 1.445.669.799.639 402.062.398.262 315.656.828.836 272.551.483.922 43.105.344.914 2.854.057.690.479 2.704.728.409.703 149.329.280.776
PYFA 3.772.968.359 5.020.232.151 98.655.309.435 54.047.384.571 17.827.275.310 19.376.312.135 -1.549.036.825 132.000.542.048 119.580.973.204 12.419.568.844
TSPC 359.964.376.338 476.589.761.145 2.967.057.055.450 715.003.306.406 482.365.826.542 391.158.590.681 91.207.235.861 4.497.931.021.113 3.633.789.178.647 864.141.842.466
TCID 124.611.778.666 188.221.655.813 910.789.677.565 399.856.238.388 190.730.397.372 156.614.446.274 34.115.951.098 1.388.724.644.234 1.239.775.396.779 148.949.247.455
UNVR 3.044.107.000.000 3.280.710.000.000 6.504.736.000.000 3.035.915.000.000 1.260.839.000.000 958.449.000.000 302.390.000.000 18.246.872.000.000 15.577.811.000.000 2.669.061.000.000
SRSN 25.380.247.000 -26.580.923.000 392.937.045.000 100.334.635.000 71.997.734.000 66.896.615.000 5.101.119.000 352.543.446.000 313.919.284.000 38.624.162.000
IGAR 24.740.866.566 29.394.540.274 305.782.633.658 49.756.561.784 103.948.437.488 87.971.906.075 15.976.531.413 501.126.702.936 469.501.156.785 31.625.546.151
UNTR 3.817.541.000.000 5.101.022.000.000 22.847.721.000.000 11.835.726.000.000 4.625.552.000.000 3.681.813.000.000 943.739.000.000 29.241.883.000.000 27.903.196.000.000 1.338.687.000.000
langkah 1 langkah 2 langkah 3 langkah 4
AbsDAit KODE Tait Tait/Ait-1 ∆Revt/Ait-1 PPEt/Ait-1 (1/Ait-1) β0/Ait-1 ∆Rect/Ait-1 β1 {(∆Revt/Ait-
1)-(∆Rect/Ait-1)} β2(PPEt/Ait-1) NDAit DAit
INDF -238.646.000.000 -0,006028 -0,041889 0,273001 0,000000 0,000000 -0,009283 -0,002413 -0,001365 -0,003778 -0,00225 0,00225
SKLT 1.112.700.395 0,005672 -0,187644 0,507343 0,000000 0,000000 -0,063722 -0,009170 -0,002537 -0,011707 0,017379 0,017379
STTP -58.880.517.800 -0,093946 0,004330 0,519959 0,000000 0,000000 0,038491 -0,002528 -0,002600 -0,005128 -0,08882 0,088818
ULTJ 45.464.915.649 0,026449 0,146202 0,470567 0,000000 0,000000 0,015640 0,009662 -0,002353 0,007309 0,01914 0,01914
GGRM 190.501.000.000 0,007913 0,101834 0,291591 0,000000 0,000000 -0,044018 0,010793 -0,001458 0,009335 -0,00142 0,001422
SSTM 24.941.088.338 0,027147 -0,025161 0,446953 0,000000 0,000000 -0,209737 0,013659 -0,002235 0,011424 0,015723 0,015723
UNTX 28.163.181.375 0,183897 -0,055629 0,450066 0,000000 0,000000 -0,050722 -0,000363 -0,002250 -0,002613 0,18651 0,18651
BRPT -486.997.000.000 -0,041244 -0,332832 1,386839 0,000000 0,000000 0,045553 -0,028000 -0,006934 -0,034935 -0,00631 0,00631
KBRI 36.310.478.391 0,032290 -0,045907 0,961102 0,000000 0,000000 -0,002353 -0,003223 -0,004806 -0,008029 0,040318 0,040318
AKRA -396.433.667.000 -0,081322 -0,105909 0,586528 0,000000 0,000000 0,100124 -0,015246 -0,002933 -0,018179 -0,06314 0,063143
ETWA 11.442.160.190 0,027403 0,121211 0,048049 0,000000 0,000000 0,183361 -0,004599 -0,000240 -0,004839 0,032242 0,032242
TPIA -161.682.000.000 -0,068086 -0,104592 0,402052 0,000000 0,000000 0,013215 -0,008718 -0,002010 -0,010728 -0,05736 0,057358
DPNS -13.157.105.562 -0,092248 -0,135961 0,078330 0,000000 0,000000 -0,096592 -0,002913 -0,000392 -0,003305 -0,08894 0,088943
AKKU -5.370.947.681 -0,125319 -0,128505 0,591148 0,000000 0,000000 -0,114850 -0,001011 -0,002956 -0,003966 -0,12135 0,121353
ASPL -9.358.652.765 -0,033898 -0,058848 0,679007 0,000000 0,000000 0,037088 -0,007099 -0,003395 -0,010494 -0,0234 0,023404
BRNA -6.823.030.854 -0,015787 0,132367 0,495692 0,000000 0,000000 0,093946 0,002843 -0,002478 0,000365 -0,01615 0,016152
DYNA -114.119.343.378 -0,092404 0,089062 0,602971 0,000000 0,000000 0,016143 0,005396 -0,003015 0,002381 -0,09479 0,094785
LMPI -6.917.893.359 -0,012352 0,098125 0,287906 0,000000 0,000000 0,034672 0,004695 -0,001440 0,003256 -0,01561 0,015607
YPAS 3.495.799.633 0,019362 0,006196 0,554317 0,000000 0,000000 0,013583 -0,000547 -0,002772 -0,003318 0,02268 0,02268
BTON -1.433.118.074 -0,020325 -0,557094 0,100616 0,000000 0,000000 0,004931 -0,041590 -0,000503 -0,042093 0,021768 0,021768
INAI -97.191.402.937 -0,156155 -0,275333 0,051063 0,000000 0,000000 -0,055072 -0,016299 -0,000255 -0,016555 -0,1396 0,1396
JKSW -34.040.163.892 -0,113337 0,051931 0,157675 0,000000 0,000000 -0,182719 0,017364 -0,000788 0,016576 -0,12991 0,129913
JPRS 11.543.598.865 0,028906 -1,076353 0,048059 0,000000 0,000000 -0,013459 -0,078654 -0,000240 -0,078894 0,107801 0,107801
LION -16.843.061.557 -0,066536 -0,126803 0,077481 0,000000 0,000000 -0,001930 -0,009241 -0,000387 -0,009628 -0,05691 0,056908
LMSH -1.664.406.922 -0,026851 -0,621186 0,390170 0,000000 0,000000 0,053120 -0,049899 -0,001951 -0,051850 0,024999 0,024999
PICO -14.074.248.567 -0,023913 0,011859 0,373346 0,000000 0,000000 -0,035635 0,003515 -0,001867 0,001648 -0,02556 0,025561
NIKL -92.216.009.000 -0,116402 -0,360535 0,033734 0,000000 0,000000 0,175310 -0,039653 -0,000169 -0,039821 -0,07658 0,076581
TIRA -25.145.389.856 -0,110006 -0,072697 0,244537 0,000000 0,000000 0,011522 -0,006232 -0,001223 -0,007455 -0,10255 0,102551
KICI -6.204.322.478 -0,071961 -0,118117 0,073966 0,000000 0,000000 0,085342 -0,015056 -0,000370 -0,015426 -0,05653 0,056535
IKAI -41.714.016.158 -0,053173 -0,025267 0,563154 0,000000 0,000000 0,119332 -0,010700 -0,002816 -0,013516 -0,03966 0,039657
MITI -14.040.754.705 -0,109839 -0,192637 0,298186 0,000000 0,000000 -0,321177 0,009512 -0,001491 0,008021 -0,11786 0,11786
IKBI -84.013.702.411 -0,132012 -1,230678 0,192527 0,000000 0,000000 -0,172519 -0,078304 -0,000963 -0,079266 -0,05275 0,052746
MTDL -269.736.218.871 -0,209293 -0,019617 0,050125 0,000000 0,000000 -0,072894 0,003942 -0,000251 0,003692 -0,21299 0,212985
MLPL -1.136.190.000.000 -0,099128 0,098244 0,199121 0,000000 0,000000 -0,054242 0,011284 -0,000996 0,010288 -0,10942 0,109416
PTSN -94.186.511.119 -0,097645 -0,160620 0,429739 0,000000 0,000000 0,015163 -0,013008 -0,002149 -0,015157 -0,08249 0,082488
ASII -1.295.000.000.000 -0,016039 0,018108 0,271749 0,000000 0,000000 0,049505 -0,002323 -0,001359 -0,003682 -0,01236 0,012357
AOTU 172.520.000.000 0,043332 -0,003119 0,174996 0,000000 0,000000 0,037240 -0,002987 -0,000875 -0,003862 0,047194 0,047194
GJTL -232.075.000.000 -0,026634 -0,003103 0,414209 0,000000 0,000000 0,020043 -0,001713 -0,002071 -0,003784 -0,02285 0,02285
BRAM -141.145.755.000 -0,084379 -0,082048 0,385845 0,000000 0,000000 -0,007921 -0,005485 -0,001929 -0,007415 -0,07696 0,076964
INTA -70.209.470.727 -0,061738 -0,022319 0,056199 0,000000 0,000000 0,020943 -0,003201 -0,000281 -0,003482 -0,05826 0,058255
NIPS 2.842.167.297 0,008745 -0,616996 0,437544 0,000000 0,000000 -0,097839 -0,038418 -0,002188 -0,040605 0,04935 0,04935
PRAS -36.424.557.511 -0,065592 -0,449239 0,276671 0,000000 0,000000 -0,147291 -0,022344 -0,001383 -0,023727 -0,04186 0,041864
SMSM -135.220.141.780 -0,145437 0,022657 0,367156 0,000000 0,000000 0,037302 -0,001084 -0,001836 -0,002919 -0,14252 0,142517
KAEF -57.862.719.482 -0,040025 0,103294 0,278115 0,000000 0,000000 0,029817 0,005437 -0,001391 0,004047 -0,04407 0,044072
PYFA -1.247.263.792 -0,012643 0,125888 0,547841 0,000000 0,000000 -0,015702 0,010478 -0,002739 0,007738 -0,02038 0,020381
TSPC -116.625.384.807 -0,039307 0,291245 0,240981 0,000000 0,000000 0,030740 0,019277 -0,001205 0,018073 -0,05738 0,057379
TCID -63.609.877.147 -0,069840 0,163539 0,439021 0,000000 0,000000 0,037458 0,009330 -0,002195 0,007135 -0,07698 0,076975
UNVR -236.603.000.000 -0,036374 0,410326 0,466724 0,000000 0,000000 0,046488 0,026924 -0,002334 0,024590 -0,06096 0,060964
SRSN 51.961.170.000 0,132238 0,098296 0,255345 0,000000 0,000000 0,012982 0,006313 -0,001277 0,005037 0,127201 0,127201
IGAR -4.653.673.708 -0,015219 0,103425 0,162719 0,000000 0,000000 0,052248 0,003787 -0,000814 0,002973 -0,01819 0,018192
UNTR -1.283.481.000.000 -0,056175 0,058592 0,518027 0,000000 0,000000 0,041306 0,001279 -0,002590 -0,001311 -0,05486 0,054864
Tahun 2010
∆Rect ∆Revt
KODE Laba bersih CFO Ait-1 PPEt 2010 2009 HSIL 2010 2009 HSIL
INDF 2.952.858.000.000 6.909.950.000.000 40.382.953.000.000 11.737.142.000.000 3.286.929.000.000 2.794.611.000.000 492.318.000.000 38.403.360.000.000 37.397.319.000.000 1.006.041.000.000
SKLT 4.833.531.934 8.089.259.673 196.186.028.659 97.002.153.118 38.606.051.231 34.012.795.437 4.593.255.794 314.145.710.944 276.312.034.061 37.833.676.883
STTP 42.630.759.100 -13.517.981.904 548.720.445.825 319.075.542.490 112.881.407.246 61.749.014.030 51.132.393.216 762.612.830.093 627.114.839.010 135.497.991.083
TBLA 246.663.187.000 380.781.982.000 2.786.340.214.000 1.157.020.339.000 236.107.361.000 183.294.984.000 52.812.377.000 2.951.113.862.000 2.783.572.757.000 167.541.105.000
ULTJ 107.123.243.835 263.881.302.428 1.732.701.994.634 941.931.552.988 193.510.727.669 178.089.061.704 15.421.665.965 1.880.411.473.916 1.613.927.991.404 266.483.482.512
GGRM 4.146.282.000.000 2.872.598.000.000 27.230.965.000.000 74.066.320.000.000 915.004.000.000 1.038.958.000.000 -123.954.000.000 37.691.997.000.000 32.973.080.000.000 4.718.917.000.000
ARGO -125.015.984.000 140.166.656.000 1.461.055.966.000 1.196.201.884.000 53.014.883.000 56.628.777.000 -3.613.894.000 664.257.009.000 754.957.094.000 -90.700.085.000
HDTX 1.190.607.578 24.713.058.244 1.089.713.245.877 309.301.557.065 83.308.339.021 155.757.075.403 -72.448.736.382 661.992.384.716 937.440.532.898 -275.448.148.182
MYTX -101.136.319.879 53.503.179.824 1.803.398.349.671 1.438.993.600.592 152.533.147.065 127.705.171.718 24.827.975.347 1.723.962.951.296 1.487.923.132.458 236.039.818.838
BRPT -558.630.000.000 773.066.000.000 16.570.259.000.000 9.175.086.000.000 1.092.570.000.000 1.240.390.000.000 -147.820.000.000 16.965.228.000.000 14.393.318.000.000 2.571.910.000.000
SULI 4.549.597.019 -83.741.233.401 2.009.536.359.513 992.177.111.766 128.271.471.145 181.034.965.049 -52.763.493.904 592.237.585.904 667.299.662.367 -75.062.076.463
AKRA 310.916.115.000 427.918.661.000 6.059.070.429.000 3.037.892.760.000 1.665.339.341.000 1.411.547.993.000 253.791.348.000 12.194.997.466.000 8.959.841.972.000 3.235.155.494.000
LTLS 86.982.000.000 -147.945.000.000 3.081.130.000.000 1.025.373.000.000 848.960.000.000 673.322.000.000 175.638.000.000 3.901.733.000.000 3.746.865.000.000 154.868.000.000
TPIA 348.287.000.000 579.350.000.000 2.747.915.000.000 1.138.234.000.000 300.025.000.000 378.174.000.000 -78.149.000.000 5.176.270.000.000 4.739.684.000.000 436.586.000.000
DPNS 14.749.983.545 15.249.703.610 142.551.475.929 10.738.026.214 16.832.109.760 17.487.721.455 -655.611.695 97.283.942.857 93.286.770.819 3.997.172.038
APLI 24.659.768.960 30.870.127.945 302.381.110.626 176.591.737.639 44.035.364.163 43.378.652.946 656.711.217 283.739.415.791 284.538.777.148 -799.361.357
BRNA 34.760.866.434 60.380.243.328 507.226.402.680 246.845.964.857 144.073.170.467 148.526.317.447 -4.453.146.980 568.328.198.058 537.142.366.438 31.185.831.620
LMPI 2.794.104.212 19.786.335.831 540.513.720.495 183.886.160.793 135.214.651.179 248.535.512.710 -113.320.861.531 401.594.186.536 381.140.623.990 20.453.562.546
YPAS 21.186.130.131 22.436.196.689 191.136.146.962 105.396.090.565 44.608.309.765 36.425.596.591 8.182.713.174 348.359.143.634 278.875.339.582 69.483.804.052
ALMI 43.722.582.261 -73.945.789.465 1.481.610.908.727 519.643.327.083 298.659.673.393 198.198.910.558 100.460.762.835 3.019.070.482.536 1.754.202.216.771 1.264.868.265.765
BTON 8.393.401.472 21.402.190.054 69.783.014.717 7.088.476.952 13.707.856.456 14.489.195.086 -781.338.630 127.918.509.530 133.110.644.620 -5.192.135.090
JKRW 6.776.300.093 -16.874.539.548 270.966.547.227 47.215.994.252 176.493.092.910 118.318.238.137 58.174.854.773 181.158.905.733 205.653.906.365 -24.495.000.632
JPRS 28.445.580.508 48.826.247.303 353.951.009.577 17.618.852.275 96.926.523.675 136.621.309.672 -39.694.785.997 427.792.535.324 302.868.416.321 124.924.119.003
LION 38.631.299.358 32.525.842.443 271.366.371.297 18.208.724.225 34.269.453.326 37.398.531.439 -3.129.078.113 207.832.622.837 197.507.850.435 10.324.772.402
LMSH 7.350.536.344 9.647.718.776 72.830.915.980 23.302.198.938 17.520.758.610 16.555.049.777 965.708.833 161.011.674.412 124.810.716.264 36.200.958.148
PICO 12.063.079.000 -26.731.721.652 542.660.240.316 207.994.688.901 74.072.512.268 95.729.239.123 -21.656.726.855 586.317.697.184 607.170.700.525 -20.853.003.341
TBMS 3.228.843.530 -157.246.007.956 996.064.870.315 119.478.156.101 746.958.836.948 550.794.848.520 196.163.988.428 4.275.538.434.054 2.715.245.496.166 1.560.292.937.888
TIRA 3.946.516.223 1.378.528.840 201.789.482.852 63.687.379.099 56.544.381.149 56.346.449.377 197.931.772 268.977.739.355 238.088.920.308 30.888.819.047
KICI 3.259.699.213 7.239.507.199 84.276.874.394 8.069.278.457 8.850.522.428 17.573.754.584 -8.723.232.156 80.789.650.755 83.010.877.783 -2.221.227.028
IKAI -39.209.332.680 -44.142.634 764.903.018.446 418.347.946.033 59.779.577.500 147.900.655.864 -88.121.078.364 228.717.473.685 225.836.548.312 2.880.925.373
MITI 7.058.787.686 13.686.708.330 109.355.092.689 32.892.470.687 13.963.328.268 8.857.613.113 5.105.715.155 85.140.507.102 68.328.469.105 16.812.037.997
KBLM 3.921.611.855 5.654.912.326 354.780.873.513 232.988.366.743 107.420.032.036 56.693.695.025 50.726.337.011 542.618.175.974 301.330.733.974 241.287.442.000
IKBI 4.600.387.412 -36.294.909.196 561.948.871.968 112.376.423.010 200.545.307.399 98.304.079.757 102.241.227.642 1.226.301.858.648 862.112.294.567 364.189.564.081
MTDL 30.438.567.670 158.368.069.879 1.059.054.196.506 78.487.542.620 331.269.717.416 366.213.903.407 -34.944.185.991 3.953.971.372.337 3.396.917.071.000 557.054.301.337
PTSN -12.611.917.439 64.166.431.374 899.685.312.962 391.248.463.907 256.229.191.880 320.431.551.264 -64.202.359.384 2.166.489.893.575 1.950.280.620.085 216.209.273.490
ASII 14.366.000.000.000 2.907.000.000.000 88.938.000.000.000 24.363.000.000.000 40.772.000.000.000 29.661.000.000.000 11.111.000.000.000 129.991.000.000.000 98.526.000.000.000 31.465.000.000.000
AUTO 1.141.179.000.000 374.748.000.000 4.644.939.000.000 985.029.000.000 849.087.000.000 748.680.000.000 100.407.000.000 6.255.109.000.000 5.265.798.000.000 989.311.000.000
GJTL 830.624.000.000 1.010.980.000.000 8.877.146.000.000 4.075.764.000.000 2.259.477.000.000 1.580.844.000.000 678.633.000.000 9.853.904.000.000 7.936.432.000.000 1.917.472.000.000
BRAM 134.160.199.000 57.464.276.000 1.349.630.935.000 724.663.338.000 277.944.860.000 231.914.706.000 46.030.154.000 1.805.359.612.000 1.500.639.310.000 304.720.302.000
INDS 71.109.354.932 130.914.276.067 621.140.423.109 184.785.568.045 167.797.994.742 92.077.885.461 75.720.109.281 1.027.120.388.110 720.228.798.921 306.891.589.189
INTA 83.081.383.677 70.181.186.764 1.172.129.502.335 156.617.926.338 240.394.305.104 182.952.024.767 57.442.280.337 1.532.682.624.147 934.303.648.833 598.378.975.314
NIPS 12.662.580.885 25.105.090.279 314.477.779.213 155.548.322.869 100.263.423.616 72.830.472.738 27.432.950.878 400.894.525.220 279.929.010.718 120.965.514.502
SMSM 150.420.111.988 151.302.099.412 941.651.276.002 376.794.731.615 314.122.797.153 279.098.068.836 35.024.728.317 1.561.786.956.669 1.374.651.605.661 187.135.351.008
KONI 1.378.322.048 14.612.473.503 93.116.815.117 22.242.659.864 12.069.635.427 9.201.651.811 2.867.983.616 77.888.958.822 51.950.337.626 25.938.621.196
KAEF 138.716.044.100 139.119.874.007 1.565.831.266.274 413.196.818.855 369.979.199.088 315.656.828.836 54.322.370.252 3.183.829.303.909 2.854.057.690.479 329.771.613.430
PYFA 4.199.202.953 9.538.086.241 99.937.383.195 52.826.675.604 20.587.473.955 17.827.275.310 2.760.198.645 140.858.442.443 132.000.542.048 8.857.900.395
TSPC 488.889.258.921 578.089.303.003 3.263.102.915.008 760.788.196.333 554.769.367.837 482.365.826.542 72.403.541.295 5.134.242.102.154 4.497.931.021.113 636.311.081.041
TCID 131.445.098.783 157.211.148.765 994.620.225.969 396.755.925.487 205.597.360.445 190.730.397.372 14.866.963.073 1.466.938.711.851 1.388.724.644.234 78.214.067.617
SRSN 9.830.269.000 7.790.064.000 413.776.708.000 92.167.344.000 73.170.750.000 71.997.734.000 1.173.016.000 342.870.221.000 352.543.446.000 -9.673.225.000
KRAS 1.062.683.000.000 848.429.000.000 12.795.803.000.000 4.389.320.000.000 1.266.421.000.000 1.699.728.000.000 -433.307.000.000 14.856.156.000.000 16.913.535.000.000 -2.057.379.000.000
langkah 1 langkah 2 langkah 3 langkah 4 AbsDAit KODE Tait Tait/Ait-1 ∆Revt/Ait-1 PPEt/Ait-1 (1/Ait-1) β0/Ait-1 ∆Rect/Ait-1
β1 {(∆Revt/Ait-1)-(∆Rect/Ait-1)} β2(PPEt/Ait-1) NDAit DAit
INDF -3.957.092.000.000 -0,097989 0,024913 0,290646 0,000000 0,000000 0,0121912 0,0009414 -0,001453 -0,000512 -0,09748 0,097477
SKLT -3.255.727.739 -0,016595 0,192846 0,494440 0,000000 0,000000 0,0234128 0,0125381 -0,002472 0,0100659 -0,02666 0,026661
STTP 56.148.741.004 0,102327 0,246934 0,581490 0,000000 0,000000 0,0931848 0,0113775 -0,002907 0,00847 0,093857 0,093857
TBLA -134.118.795.000 -0,048134 0,060129 0,415247 0,000000 0,000000 0,018954 0,003047 -0,002076 0,0009707 -0,04911 0,049105
ULTJ -156.758.058.593 -0,090470 0,153796 0,543620 0,000000 0,000000 0,0089004 0,0107223 -0,002718 0,0080042 -0,09847 0,098475
GGRM 1.273.684.000.000 0,046773 0,173292 2,719930 0,000000 0,000000 -0,004552 0,0131605 -0,0136 -0,000439 0,047213 0,047213
ARGO -265.182.640.000 -0,181501 -0,062078 0,818724 0,000000 0,000000 -0,002473 -0,004411 -0,004094 -0,008504 -0,173 0,172996
HDTX -23.522.450.666 -0,021586 -0,252771 0,283838 0,000000 0,000000 -0,066484 -0,013785 -0,001419 -0,015204 -0,00638 0,006381
MYTX -154.639.499.703 -0,085749 0,130886 0,797934 0,000000 0,000000 0,0137673 0,0086668 -0,00399 0,0046771 -0,09043 0,090426
BRPT -1.331.696.000.000 -0,080367 0,155212 0,553708 0,000000 0,000000 -0,008921 0,0121459 -0,002769 0,0093773 -0,08974 0,089744
SULI 88.290.830.420 0,043936 -0,037353 0,493734 0,000000 0,000000 -0,026257 -0,000821 -0,002469 -0,00329 0,047226 0,047226
AKRA -117.002.546.000 -0,019310 0,533936 0,501379 0,000000 0,000000 0,0418862 0,0364117 -0,002507 0,0339048 -0,05322 0,053215
LTLS 234.927.000.000 0,076247 0,050263 0,332791 0,000000 0,000000 0,0570044 -0,000499 -0,001664 -0,002163 0,07841 0,07841
TPIA -231.063.000.000 -0,084087 0,158879 0,414217 0,000000 0,000000 -0,028439 0,0138616 -0,002071 0,0117905 -0,09588 0,095877
DPNS -499.720.065 -0,003506 0,028040 0,075327 0,000000 0,000000 -0,004599 0,0024153 -0,000377 0,0020387 -0,00554 0,005544
APLI -6.210.358.985 -0,020538 -0,002644 0,584004 0,000000 0,000000 0,0021718 -0,000356 -0,00292 -0,003276 -0,01726 0,017262
BRNA -25.619.376.894 -0,050509 0,061483 0,486658 0,000000 0,000000 -0,008779 0,0051994 -0,002433 0,0027661 -0,05327 0,053275
LMPI -16.992.231.619 -0,031437 0,037841 0,340206 0,000000 0,000000 -0,209654 0,0183146 -0,001701 0,0166136 -0,04805 0,048051
YPAS -1.250.066.558 -0,006540 0,363530 0,551419 0,000000 0,000000 0,0428109 0,0237332 -0,002757 0,0209761 -0,02752 0,027516
ALMI 117.668.371.726 0,079419 0,853711 0,350729 0,000000 0,000000 0,0678051 0,0581571 -0,001754 0,0564034 0,023016 0,023016
BTON -13.008.788.582 -0,186418 -0,074404 0,101579 0,000000 0,000000 -0,011197 -0,004677 -0,000508 -0,005185 -0,18123 0,181232
JKRW 23.650.839.641 0,087283 -0,090399 0,174250 0,000000 0,000000 0,2146939 -0,022577 -0,000871 -0,023448 0,110731 0,110731
JPRS -20.380.666.795 -0,057580 0,352942 0,049778 0,000000 0,000000 -0,112148 0,0344166 -0,000249 0,0341677 -0,09175 0,091748
LION 6.105.456.915 0,022499 0,038047 0,067100 0,000000 0,000000 -0,011531 0,0036688 -0,000336 0,0033333 0,019166 0,019166
LMSH -2.297.182.432 -0,031541 0,497055 0,319949 0,000000 0,000000 0,0132596 0,0358008 -0,0016 0,0342011 -0,06574 0,065742
PICO 38.794.800.652 0,071490 -0,038427 0,383287 0,000000 0,000000 -0,039908 0,0001096 -0,001916 -0,001807 0,073297 0,073297
TBMS 160.474.851.486 0,161109 1,566457 0,119950 0,000000 0,000000 0,196939 0,1013443 -0,0006 0,1007446 0,060364 0,060364
TIRA 2.567.987.383 0,012726 0,153074 0,315613 0,000000 0,000000 0,0009809 0,0112549 -0,001578 0,0096769 0,003049 0,003049
KICI -3.979.807.986 -0,047223 -0,026356 0,095747 0,000000 0,000000 -0,103507 0,0057091 -0,000479 0,0052304 -0,05245 0,052453
IKAI -39.165.190.046 -0,051203 0,003766 0,546929 0,000000 0,000000 -0,115206 0,0088039 -0,002735 0,0060693 -0,05727 0,057272
MITI -6.627.920.644 -0,060609 0,153738 0,300786 0,000000 0,000000 0,0466893 0,0079216 -0,001504 0,0064177 -0,06703 0,067027
KBLM -1.733.300.471 -0,004886 0,680103 0,656711 0,000000 0,000000 0,1429793 0,0397471 -0,003284 0,0364636 -0,04135 0,041349
IKBI 40.895.296.608 0,072774 0,648083 0,199976 0,000000 0,000000 0,1819404 0,0344946 -0,001 0,0334947 0,039279 0,039279
MTDL -127.929.502.209 -0,120796 0,525992 0,074111 0,000000 0,000000 -0,032996 0,0413651 -0,000371 0,0409946 -0,16179 0,161791
PTSN -76.778.348.813 -0,085339 0,240317 0,434873 0,000000 0,000000 -0,071361 0,0230641 -0,002174 0,0208898 -0,10623 0,106229
ASII 11.459.000.000.000 0,128843 0,353786 0,273932 0,000000 0,000000 0,1249297 0,0169353 -0,00137 0,0155657 0,113277 0,113277
AUTO 766.431.000.000 0,165003 0,212987 0,212065 0,000000 0,000000 0,0216164 0,0141614 -0,00106 0,0131011 0,151902 0,151902
GJTL -180.356.000.000 -0,020317 0,216001 0,459130 0,000000 0,000000 0,0764472 0,010327 -0,002296 0,0080313 -0,02835 0,028348
BRAM 76.695.923.000 0,056827 0,225780 0,536934 0,000000 0,000000 0,0341057 0,0141839 -0,002685 0,0114993 0,045328 0,045328
INDS -59.804.921.135 -0,096282 0,494078 0,297494 0,000000 0,000000 0,121905 0,0275408 -0,001487 0,0260533 -0,12234 0,122336
INTA 12.900.196.913 0,011006 0,510506 0,133618 0,000000 0,000000 0,0490068 0,0341509 -0,000668 0,0334828 -0,02248 0,022477
NIPS -12.442.509.394 -0,039566 0,384655 0,494624 0,000000 0,000000 0,0872334 0,0220092 -0,002473 0,0195361 -0,0591 0,059102
SMSM -881.987.424 -0,000937 0,198731 0,400143 0,000000 0,000000 0,037195 0,0119537 -0,002001 0,009953 -0,01089 0,01089
KONI -13.234.151.455 -0,142124 0,278560 0,238868 0,000000 0,000000 0,0307998 0,0183343 -0,001194 0,0171399 -0,15926 0,159264
KAEF -403.829.907 -0,000258 0,210605 0,263883 0,000000 0,000000 0,0346924 0,0130175 -0,001319 0,0116981 -0,01196 0,011956
PYFA -5.338.883.288 -0,053422 0,088635 0,528598 0,000000 0,000000 0,0276193 0,0045151 -0,002643 0,0018721 -0,05529 0,055294
TSPC -89.200.044.082 -0,027336 0,195002 0,233149 0,000000 0,000000 0,0221886 0,0127882 -0,001166 0,0116224 -0,03896 0,038958
TCID -25.766.049.982 -0,025905 0,078637 0,398902 0,000000 0,000000 0,0149474 0,004713 -0,001995 0,0027185 -0,02862 0,028624
SRSN 2.040.205.000 0,004931 -0,023378 0,222747 0,000000 0,000000 0,0028349 -0,00194 -0,001114 -0,003053 0,007984 0,007984
KRAS 214.254.000.000 0,016744 -0,160785 0,343028 0,000000 0,000000 -0,033863 -0,009392 -0,001715 -0,011107 0,027851 0,027851
Tahun 2011
∆Rect ∆Revt
KODE Laba bersih CFO Ait-1 PPEt 2010 2009 HSIL 2010 2009 HSIL
INDF 5.017.425.000.000 4.968.991.000.000 47.275.955.000.000 12.921.013.000.000 4.215.784.000.000 3.286.929.000.000 928.855.000.000 45.332.256.000.000 38.403.360.000.000 6.928.896.000.000
PSDN 23.858.490.558 20.800.798.709 414.611.350.180 119.914.346.805 63.124.563.474 71.598.585.450 -8.474.021.976 1.246.290.753.836 928.526.978.567 317.763.775.269
SKLT 5.976.790.919 17.708.603.858 199.375.442.469 100.331.701.554 46.605.734.774 38.606.051.231 7.999.683.543 344.435.729.830 314.145.710.944 30.290.018.886
STTP 42.675.154.847 89.728.684.467 649.273.975.548 579.812.502.191 114.660.125.166 112.881.407.246 1.778.717.920 1.027.683.999.319 762.612.830.093 265.071.169.226
TBLA 421.684.000.000 838.469.000.000 3.651.105.000.000 1.392.516.000.000 244.243.000.000 236.107.000.000 8.136.000.000 3.731.749.000.000 2.951.114.000.000 780.635.000.000
ULTJ 101.323.273.593 322.963.103.223 2.006.595.762.260 1.069.735.963.102 275.488.746.897 193.510.727.669 81.978.019.228 2.102.383.741.532 1.880.411.473.916 221.972.267.616
GGRM 4.958.102.000.000 -90.307.000.000 30.741.679.000.000 8.189.881.000.000 937.987.000.000 915.004.000.000 22.983.000.000 41.884.352.000.000 37.691.997.000.000 4.192.355.000.000
ARGO -108.481.538.000 -49.166.131.000 1.428.233.566.000 1.139.366.938.000 59.023.943.000 53.014.883.000 6.009.060.000 848.307.906.000 664.257.009.000 184.050.897.000
MYTX 17.285.049.940 8.016.053.554 1.017.613.013.155 502.092.188.459 110.482.632.253 83.477.089.021 27.005.543.232 1.016.881.448.518 661.992.384.716 354.889.063.802
RDTX 113.923.648.914 153.084.070.257 852.447.473.948 823.851.611.286 36.636.018.324 34.301.408.344 2.334.609.980 295.908.494.634 260.801.945.138 35.106.549.496
SSTM -24.097.995.553 42.939.506.442 872.458.721.356 373.271.702.153 76.185.680.581 318.419.273.091 -242.233.592.510 403.181.559.300 446.624.926.710 -43.443.367.410
BRPT -247.343.000.000 -772.330.000.000 16.015.188.000.000 11.003.788.000.000 1.274.731.000.000 1.092.570.000.000 182.161.000.000 19.377.426.000.000 16.965.228.000.000 2.412.198.000.000
SULI -314.850.544.330 24.329.806.895 1.955.535.689.750 863.580.371.124 81.483.152.295 127.525.548.413 -46.042.396.118 408.728.907.592 592.237.585.904 -183.508.678.312
AKRA 2.331.630.929.000 1.750.898.447.000 7.665.590.356.000 2.437.214.642.000 2.189.011.787.000 1.424.764.855.000 764.246.932.000 18.805.949.694.000 10.320.713.414.000 8.485.236.280.000
LTLS 105.220.000.000 -137.902.000.000 3.591.139.000.000 813.225.000.000 1.258.814.000.000 848.960.000.000 409.854.000.000 5.529.075.000.000 3.901.733.000.000 1.627.342.000.000
DPNS -6.641.710.478 14.122.036.999 175.682.792.596 11.162.623.619 22.461.849.102 16.832.109.760 5.629.739.342 121.168.473.285 97.283.942.857 23.884.530.428
BRNA 47.463.061.000 96.770.632.000 550.907.477.000 335.847.908.000 145.702.151.000 144.073.170.000 1.628.981.000 679.335.305.000 568.328.198.000 111.007.107.000
LMPI 5.424.322.790 -3.527.598.887 608.920.103.517 229.799.514.619 166.879.459.905 135.214.642.179 31.664.817.726 502.186.982.451 401.594.186.536 100.592.795.915
YPAS 16.621.158.688 16.053.217.304 200.856.257.619 112.512.961.530 55.140.718.657 44.508.309.765 10.632.408.892 373.047.761.804 348.359.143.634 24.688.618.170
ALMI 32.384.480.744 212.460.131.895 1.504.154.332.712 546.452.711.358 345.439.010.001 298.659.673.393 46.779.336.608 3.609.867.387.594 3.019.070.482.536 590.796.905.058
BTON 19.105.135.663 33.565.190.036 89.780.541.701 9.849.216.309 19.026.162.932 13.707.856.456 5.318.306.476 153.646.138.180 127.918.509.530 25.727.628.650
JPRS 37.684.943.108 -36.795.304.974 411.281.598.196 14.977.068.211 195.113.014.503 96.926.523.675 98.186.490.828 641.375.013.671 427.792.535.324 213.582.478.347
KRAS 1.022.843.000.000 245.651.000.000 17.584.059.000.000 5.644.107.000.000 2.376.066.000.000 1.692.568.000.000 683.498.000.000 17.915.382.000.000 14.940.265.000.000 2.975.117.000.000
LION 52.535.147.701 40.207.285.424 303.899.974.798 18.552.158.660 37.414.962.428 34.269.453.326 3.145.509.102 268.414.285.432 207.832.622.837 60.581.662.595
LMSH 10.897.341.682 5.100.086.069 78.200.046.845 20.218.277.600 27.648.764.831 17.520.758.610 10.128.006.221 207.522.581.381 161.011.674.412 46.510.906.969
PICO 12.323.071.886 -13.820.548.232 570.360.266.065 185.384.487.191 92.871.155.725 74.072.512.268 18.798.643.457 621.233.560.518 586.317.697.184 34.915.863.334
NIKL -19.263.242.000 -117.009.809.000 917.662.004.000 201.947.021.000 228.671.847.000 210.573.411.000 18.098.436.000 1.264.409.623.000 1.361.898.489.000 -97.488.866.000
TBMS 21.033.879.586 -149.657.729.463 1.239.043.088.831 120.578.539.942 1.008.453.489.229 746.958.836.948 261.494.652.281 6.067.106.666.012 4.275.538.434.054 1.791.568.231.958
TIRA 7.462.361.826 11.779.972.468 217.836.655.892 65.558.923.866 53.148.607.906 56.544.379.149 -3.395.771.243 296.926.965.325 268.977.739.355 27.949.225.970
IKAI -50.623.037.636 -978.188.939 643.787.995.738 407.870.955.299 39.050.696.168 59.779.577.500 -20.728.881.332 210.970.407.747 228.717.473.685 -17.747.065.938
KBLM 19.002.962.627 47.220.266.787 403.194.715.268 282.192.612.400 184.796.262.547 107.420.032.036 77.376.230.511 864.752.600.095 542.618.175.974 322.134.424.121
MTDL 69.173.608.628 99.430.584.541 945.242.001.932 131.879.360.975 427.704.486.562 331.269.717.416 96.434.769.146 4.408.711.598.083 3.953.971.372.337 454.740.225.746
PTSN -7.382.855.475 52.834.895.934 825.566.764.849 405.649.471.089 202.098.882.021 256.229.191.880 -54.130.309.859 2.034.514.891.841 2.177.895.706.835 -143.380.814.994
ASII 21.348.000.000.000 9.330.000.000.000 112.857.000.000.000 28.804.000.000.000 57.652.000.000.000 40.768.000.000.000 16.884.000.000.000 162.564.000.000.000 129.038.000.000.000 33.526.000.000.000
AUTO 1.105.649.000.000 258.576.000.000 5.585.852.000.000 1.547.831.000.000 1.017.494.000.000 849.087.000.000 168.407.000.000 7.363.659.000.000 6.255.109.000.000 1.108.550.000.000
GJTL 946.046.000.000 304.312.000.000 10.371.567.000.000 4.588.389.000.000 2.579.441.000.000 2.259.477.000.000 319.964.000.000 11.841.396.000.000 9.853.904.000.000 1.987.492.000.000
BRAM 54.979.036.000 141.798.770.000 1.492.727.607.000 712.670.223.000 327.103.342.000 277.944.860.000 49.158.482.000 1.900.212.056.000 1.805.359.612.000 94.852.444.000
INDS 120.415.120.240 121.348.618.263 769.815.652.287 340.926.079.186 227.900.176.097 167.004.365.426 60.895.810.671 1.234.986.291.420 1.027.120.388.110 207.865.903.310
NIPS 17.831.046.421 -44.903.715.248 337.605.715.524 175.431.326.084 137.174.728.688 100.263.423.616 36.911.305.072 579.224.436.320 400.894.525.220 178.329.911.100
PRAS 4.531.237.926 4.646.576.990 461.968.722.867 222.467.093.212 104.605.802.835 26.397.508.156 78.208.294.679 330.446.667.706 287.200.306.413 43.246.361.293
SMSM 219.260.485.960 229.766.347.392 1.067.103.249.531 397.702.004.051 358.253.070.780 314.122.797.153 44.130.273.627 1.807.890.780.238 1.561.786.956.669 246.103.823.569
KONI 3.076.170.318 9.268.968.951 84.841.378.260 21.316.009.304 10.314.345.154 10.569.635.427 -255.290.273 67.330.692.745 77.888.958.822 -10.558.266.077
PYFA 5.172.045.680 1.688.060.047 100.586.999.230 55.114.227.514 24.057.783.179 20.587.473.955 3.470.309.224 151.094.461.045 140.858.442.443 10.236.018.602
TSCP 585.308.879.593 587.799.605.916 3.589.595.911.220 886.134.968.731 636.536.643.437 554.769.367.837 81.767.275.600 5.780.664.117.037 5.134.242.102.154 646.422.014.883
TCID 140.295.062.641 73.140.815.235 1.047.238.440.003 416.328.119.478 251.111.193.784 205.597.360.445 45.513.833.339 1.654.671.098.358 1.466.938.711.851 187.732.386.507
MRAT 42.662.530.378 20.619.824.390 333.129.929.836 67.398.292.985 202.620.776.389 176.874.802.337 25.745.974.052 648.375.230.795 566.186.416.236 82.188.814.559
APAC -123.633.602.028 -4.445.045.423 1.882.934.081.017 1.329.031.428.401 145.687.359.619 152.533.147.065 -6.845.787.446 1.957.035.256.801 1.723.962.951.296 233.072.305.505
SRSN 23.987.816.000 29.713.806.000 364.004.769.000 85.639.848.000 105.020.767.000 73.170.750.000 31.850.017.000 387.354.222.000 342.870.221.000 44.484.001.000
BATA 56.615.123.000 70.623.707.000 484.252.555.000 169.554.791.000 29.719.350.000 23.075.982.000 6.643.368.000 678.591.535.000 644.189.190.000 34.402.345.000
ALDO 7.633.152.490 127.074.583 134.599.084.530 73.125.377.937 51.059.881.604 49.708.272.658 1.351.608.946 224.802.861.887 220.763.874.733 4.038.987.154
UNTR 5.863.471.000.000 10.440.274.000.000 29.700.914.000.000 13.670.208.000.000 10.047.878.000.000 5.409.109.000.000 4.638.769.000.000 55.052.562.000.000 37.328.872.000.000 17.723.690.000.000
KAEF 171.763.175.754 81.552.753.104 1.657.291.834.312 426.719.769.958 393.427.755.044 369.979.199.087 23.448.555.957 3.481.166.441.259 3.183.829.303.909 297.337.137.350
langkah 1 langkah 2 langkah 3 langkah 4
KODE Tait Tait/Ait-1 ∆Revt/Ait-1 PPEt/Ait-1 (1/Ait-1) β0/Ait-1 ∆Rect/Ait-1 β1 {(∆Revt/Ait-1)-(∆Rect/Ait-1)} β2(PPEt/Ait-1) NDAit DAit AbsDAit
INDF 48.434.000.000 0,001024 0,146563 0,273310 0,000000 0,000000 0,0196475 0,0093917 -0,001367 0,0080252 -0,007 0,007001
PSDN 3.057.691.849 0,007375 0,766414 0,289221 0,000000 0,000000 -0,020438 0,0582271 -0,001446 0,0567809 -0,04941 0,049406
SKLT -11.731.812.939 -0,058843 0,151925 0,503230 0,000000 0,000000 0,0401237 0,0082733 -0,002516 0,0057571 -0,0646 0,0646
STTP -47.053.529.620 -0,072471 0,408258 0,893017 0,000000 0,000000 0,0027395 0,0300084 -0,004465 0,0255433 -0,09801 0,098014
TBLA -416.785.000.000 -0,114153 0,213808 0,381396 0,000000 0,000000 0,0022284 0,0156569 -0,001907 0,0137499 -0,1279 0,127903
ULTJ -221.639.829.630 -0,110456 0,110621 0,533110 0,000000 0,000000 0,0408543 0,0051628 -0,002666 0,0024972 -0,11295 0,112953
GGRM 5.048.409.000.000 0,164220 0,136374 0,266410 0,000000 0,000000 0,0007476 0,0100363 -0,001332 0,0087043 0,155516 0,155516
ARGO -59.315.407.000 -0,041531 0,128866 0,797746 0,000000 0,000000 0,0042073 0,0092247 -0,003989 0,005236 -0,04677 0,046767
MYTX 9.268.996.386 0,009109 0,348747 0,493402 0,000000 0,000000 0,0265381 0,0238434 -0,002467 0,0213764 -0,01227 0,012268
RDTX -39.160.421.343 -0,045939 0,041183 0,966454 0,000000 0,000000 0,0027387 0,0028449 -0,004832 -0,001987 -0,04395 0,043951
SSTM -67.037.501.995 -0,076837 -0,049794 0,427839 0,000000 0,000000 -0,277645 0,0168609 -0,002139 0,0147217 -0,09156 0,091559
BRPT 524.987.000.000 0,032781 0,150619 0,687085 0,000000 0,000000 0,0113743 0,0103041 -0,003435 0,0068687 0,025912 0,025912
SULI -339.180.351.225 -0,173446 -0,093841 0,441608 0,000000 0,000000 -0,023545 -0,005202 -0,002208 -0,00741 -0,16604 0,166036
AKRA 580.732.482.000 0,075758 1,106925 0,317942 0,000000 0,000000 0,0996984 0,0745348 -0,00159 0,0729451 0,002813 0,002813
LTLS 243.122.000.000 0,067701 0,453155 0,226453 0,000000 0,000000 0,1141292 0,0250879 -0,001132 0,0239556 0,043745 0,043745
DPNS -20.763.747.477 -0,118189 0,135953 0,063539 0,000000 0,000000 0,0320449 0,0076892 -0,000318 0,0073715 -0,12556 0,12556
BRNA -49.307.571.000 -0,089502 0,201499 0,609627 0,000000 0,000000 0,0029569 0,0146921 -0,003048 0,011644 -0,10115 0,101146
LMPI 8.951.921.677 0,014701 0,165199 0,377389 0,000000 0,000000 0,0520016 0,0083766 -0,001887 0,0064896 0,008212 0,008212
YPAS 567.941.384 0,002828 0,122917 0,560167 0,000000 0,000000 0,0529354 0,0051786 -0,002801 0,0023778 0,00045 0,00045
ALMI -180.075.651.151 -0,119719 0,392777 0,363296 0,000000 0,000000 0,0311001 0,0267641 -0,001816 0,0249476 -0,14467 0,144666
BTON -14.460.054.373 -0,161060 0,286561 0,109703 0,000000 0,000000 0,0592367 0,016822 -0,000549 0,0162735 -0,17733 0,177334
JPRS 74.480.248.082 0,181093 0,519310 0,036416 0,000000 0,000000 0,238733 0,0207627 -0,000182 0,0205806 0,160512 0,160512
KRAS 777.192.000.000 0,044199 0,169194 0,320979 0,000000 0,000000 0,0388703 0,009644 -0,001605 0,0080391 0,03616 0,03616
LION 12.327.862.277 0,040566 0,199347 0,061047 0,000000 0,000000 0,0103505 0,0139858 -0,000305 0,0136805 0,026885 0,026885
LMSH 5.797.255.613 0,074134 0,594768 0,258546 0,000000 0,000000 0,1295141 0,0344288 -0,001293 0,0331361 0,040998 0,040998
PICO 26.143.620.118 0,045837 0,061217 0,325031 0,000000 0,000000 0,0329592 0,0020911 -0,001625 0,0004659 0,045371 0,045371
NIKL 97.746.567.000 0,106517 -0,106236 0,220067 0,000000 0,000000 0,0197223 -0,009321 -0,0011 -0,010421 0,116938 0,116938
TBMS 170.691.609.049 0,137761 1,445929 0,097316 0,000000 0,000000 0,2110456 0,0913814 -0,000487 0,0908948 0,046866 0,046866
TIRA -4.317.610.642 -0,019820 0,128304 0,300955 0,000000 0,000000 -0,015589 0,010648 -0,001505 0,0091433 -0,02896 0,028964
IKAI -49.644.848.697 -0,077114 -0,027567 0,633549 0,000000 0,000000 -0,032198 0,0003427 -0,003168 -0,002825 -0,07429 0,074289
KBLM -28.217.304.160 -0,069984 0,798955 0,699892 0,000000 0,000000 0,1919078 0,0449215 -0,003499 0,041422 -0,11141 0,111406
MTDL -30.256.975.913 -0,032010 0,481083 0,139519 0,000000 0,000000 0,1020212 0,0280506 -0,000698 0,027353 -0,05936 0,059363
PTSN -60.217.751.409 -0,072941 -0,173676 0,491359 0,000000 0,000000 -0,065567 -0,008 -0,002457 -0,010457 -0,06248 0,062484
ASII 12.018.000.000.000 0,106489 0,297066 0,255226 0,000000 0,000000 0,1496053 0,0109121 -0,001276 0,009636 0,096853 0,096853
AUTO 847.073.000.000 0,151646 0,198457 0,277098 0,000000 0,000000 0,0301488 0,0124548 -0,001385 0,0110693 0,140577 0,140577
GJTL 641.734.000.000 0,061874 0,191629 0,442401 0,000000 0,000000 0,0308501 0,0118976 -0,002212 0,0096856 0,052189 0,052189
BRAM -86.819.734.000 -0,058162 0,063543 0,477428 0,000000 0,000000 0,032932 0,0022652 -0,002387 -0,000122 -0,05804 0,05804
INDS -933.498.023 -0,001213 0,270020 0,442867 0,000000 0,000000 0,0791044 0,0141278 -0,002214 0,0119134 -0,01313 0,013126
NIPS 62.734.761.669 0,185823 0,528219 0,519634 0,000000 0,000000 0,1093326 0,0309976 -0,002598 0,0283995 0,157423 0,157423
PRAS -115.339.064 -0,000250 0,093613 0,481563 0,000000 0,000000 0,1692935 -0,0056 -0,002408 -0,008008 0,007758 0,007758
SMSM -10.505.861.432 -0,009845 0,230628 0,372693 0,000000 0,000000 0,0413552 0,0140062 -0,001863 0,0121427 -0,02199 0,021988
KONI -6.192.798.633 -0,072993 -0,124447 0,251245 0,000000 0,000000 -0,003009 -0,008986 -0,001256 -0,010243 -0,06275 0,06275
PYFA 3.483.985.633 0,034637 0,101763 0,547926 0,000000 0,000000 0,0345006 0,0049774 -0,00274 0,0022378 0,032399 0,032399
TSCP -2.490.726.323 -0,000694 0,180082 0,246862 0,000000 0,000000 0,022779 0,0116404 -0,001234 0,0104061 -0,0111 0,0111
TCID 67.154.247.406 0,064125 0,179264 0,397549 0,000000 0,000000 0,0434608 0,0100495 -0,001988 0,0080617 0,056063 0,056063
MRAT 22.042.705.988 0,066168 0,246717 0,202318 0,000000 0,000000 0,0772851 0,012538 -0,001012 0,0115264 0,054642 0,054642
APAC -119.188.556.605 -0,063299 0,123781 0,705830 0,000000 0,000000 -0,003636 0,0094289 -0,003529 0,0058997 -0,0692 0,069199
SRSN -5.725.990.000 -0,015731 0,122207 0,235271 0,000000 0,000000 0,0874989 0,0025684 -0,001176 0,0013921 -0,01712 0,017123
BATA -14.008.584.000 -0,028928 0,071042 0,350137 0,000000 0,000000 0,0137188 0,0042419 -0,001751 0,0024912 -0,03142 0,03142
ALDO 7.506.077.907 0,055766 0,030008 0,543283 0,000000 0,000000 0,0100417 0,0014775 -0,002716 -0,001239 0,057005 0,057005
UNTR -4.576.803.000.000 -0,154096 0,596739 0,460262 0,000000 0,000000 0,1561827 0,0326012 -0,002301 0,0302998 -0,1844 0,184396
KAEF 90.210.422.650 0,054432 0,179411 0,257480 0,000000 0,000000 0,0141487 0,0122294 -0,001287 0,010942 0,04349 0,04349
Tahun 2009
ROE DER KODE Laba bersih Equity ROE KOMP Tot Hutang Tot Equity DER INDF 2.075.861.000.000 10.155.495.000.000 0,204408 0 24.886.781.000.000 10.155.495.000.000 2,450573 SKLT 12.802.527.979 113.467.922.079 0,112829 0 82.714.835.051 113.467.922.079 0,728971 ULTJ 61.152.852.190 1.191.583.178.276 0,051321 0 538.164.224.542 1.191.583.178.276 0,451638 GGRM 3.455.702.000.000 18.301.537.000.000 0,18882 0 8.848.424.000.000 18.301.537.000.000 0,48348 SSTM 31.135.279.839 313.255.131.385 0,099393 0 563.976.258.532 313.255.131.385 1,800374 BRPT 547.265.000.000 6.467.418.000.000 0,084619 0 7.573.990.000.000 6.467.418.000.000 1,1711 KBRI 20.514.623.685 523.710.782.321 0,039172 0 564.953.418.020 523.710.782.321 1,078751 AKRA 274.718.650.000 1.741.060.477.000 0,157788 1 3.832.252.552.000 1.741.060.477.000 2,201102 ETWA 10.416.886.250 264.144.317.882 0,039436 0 270.972.109.843 264.144.317.882 1,025849 TPIA 482.884.000.000 1.785.863.000.000 0,270393 0 962.052.000.000 1.785.863.000.000 0,538704 ASPL 30.124.714.633 155.625.081.405 0,193572 0 146.756.029.221 155.625.081.405 0,94301 BRNA 20.260.227.896 179.729.698.846 0,112726 0 305.972.833.038 179.729.698.846 1,702406 LMPI 5.991.716.796 398.901.503.794 0,015021 0 141.612.216.701 398.901.503.794 0,355005 YPAS 18.540.681.482 123.669.855.301 0,149921 0 67.466.291.661 123.669.855.301 0,545535 BTON 9.388.156.670 64.626.406.123 0,145268 0 5.157.471.281 64.626.406.123 0,079804 INAI -12.824.140.133 63.781.013.341 -0,20107 0 406.634.957.862 63.781.013.341 6,375486 LION 33.613.329.078 227.799.218.314 0,147557 0 43.567.152.983 227.799.218.314 0,191252 LMSH 2.400.507.034 39.722.802.130 0,060431 0 33.108.113.850 39.722.802.130 0,833479 PICO 12.657.347.594 163.553.285.620 0,07739 0 379.106.954.696 163.553.285.620 2,317942 NIKL 41.996.826.000 427.499.245.000 0,098238 1 180.833.046.000 427.499.245.000 0,423002 IKBI 28.718.699.277 492.104.414.270 0,058359 0 69.844.457.698 492.104.414.270 0,14193 MLPL 110.691.000.000 1.586.463.000.000 0,069772 0 8.425.786.000.000 1.586.463.000.000 5,311051 ASII 10.040.000.000.000 39.894.000.000.000 0,251667 0 40.006.000.000.000 39.894.000.000.000 1,002807 AOTU 768.265.000.000 3.208.778.000.000 0,239426 0 1.262.292.000.000 3.208.778.000.000 0,393387 GJTL 905.330.000.000 2.670.660.000.000 0,338991 0 6.206.486.000.000 2.670.660.000.000 2,323952 BRAM 72.105.574.000 981.987.623.000 0,073428 0 333.646.266.000 981.987.623.000 0,339766 INTA 37.473.252.355 357.456.611.288 0,104833 0 682.054.367.132 357.456.611.288 1,908076 NIPS 3.685.250.963 127.003.495.421 0,029017 0 187.474.283.792 127.003.495.421 1,476135 KAEF 62.506.876.510 995.315.100.095 0,062801 0 567.309.530.042 995.315.100.095 0,56998 PYFA 3.772.968.359 73.026.002.882 0,051666 0 26.911.380.313 73.026.002.882 0,368518 TSPC 359.964.376.338 2.408.870.867.823 0,149433 0 819.647.097.648 2.408.870.867.823 0,340262 TCID 124.611.778.666 880.797.253.531 0,141476 1 113.822.972.438 880.797.253.531 0,129227 IGAR 24.740.866.566 207.280.708.502 0,119359 0 60.746.004.081 207.280.708.502 0,293062 UNTR 3.817.541.000.000 13.843.710.000.000 0,27576 0 10.453.748.000.000 13.843.710.000.000 0,755126
Tahun 2010
ROE DER KODE Laba bersih Equity ROE KOMP Tot Hutang Tot Equity DER INDF 2.952.858.000.000 16.784.671.000.000 0,175926 0 22.423.117.000.000 16.784.671.000.000 1,335928 SKLT 4.833.531.934 118.301.454.013 0,040858 0 81.070.404.211 118.301.454.013 0,685287 TBLA 246.663.187.000 1.234.180.494.000 0,19986 1 2.409.512.453.000 1.234.180.494.000 1,952318 GGRM 4.146.282.000.000 21.197.162.000.000 0,195606 0 9.421.403.000.000 21.197.162.000.000 0,444465 ARGO -125.015.984.000 211.904.038.000 -0,58997 0 1.216.329.528.000 211.904.038.000 5,740002 HDTX 1.190.607.578 548.601.271.430 0,00217 0 465.702.102.837 548.601.271.430 0,84889 BRPT -558.630.000.000 5.859.051.000.000 -0,09534 0 8.145.729.000.000 5.859.051.000.000 1,390281 SULI 4.549.597.019 355.812.307.790 0,012787 0 1.599.714.563.450 355.812.307.790 4,495951 AKRA 310.916.115.000 2.386.406.965.000 0,130286 1 4.806.757.170.000 2.386.406.965.000 2,014224 LTLS 86.982.000.000 817.950.000.000 0,106341 0 2.570.690.000.000 817.950.000.000 3,142845 DPNS 14.749.983.545 120.826.505.449 0,122076 0 48.342.281.124 120.826.505.449 0,400097 APLI 24.659.768.960 229.459.767.545 0,107469 0 105.490.781.452 229.459.767.545 0,459735 LMPI 2.794.104.212 401.695.608.006 0,006956 0 207.224.495.511 401.695.608.006 0,515874 YPAS 21.186.130.131 131.495.983.652 0,161116 0 69.360.273.967 131.495.983.652 0,527471 ALMI 43.722.582.261 505.798.105.207 0,086443 0 998.356.227.505 505.798.105.207 1,973824 LION 38.631.299.358 259.928.517.672 0,148623 0 43.971.457.126 259.928.517.672 0,169167 LMSH 7.350.536.344 46.785.338.474 0,157112 0 31.414.708.371 46.785.338.474 0,671465 PICO 12.063.079.000 175.591.221.000 0,0687 0 394.769.045.000 175.591.221.000 2,248228 TBMS 3.228.843.530 119.388.048.221 0,027045 0 1.119.655.040.610 119.388.048.221 9,378284 KICI 3.259.699.213 63.940.862.927 0,05098 0 22.001.345.739 63.940.862.927 0,344089 MITI 7.058.787.686 35.507.515.635 0,198797 0 79.417.209.721 35.507.515.635 2,236631 KBLM 3.921.611.855 227.151.469.628 0,017264 0 175.593.546.135 227.151.469.628 0,773024 IKBI 4.600.387.412 492.429.064.239 0,009342 0 108.391.265.412 492.429.064.239 0,220115 GJTL 830.624.000.000 3.526.597.000.000 0,235531 0 6.844.970.000.000 3.526.597.000.000 1,940956 BRAM 134.160.199.000 1.072.556.312.000 0,125085 0 283.850.592.000 1.072.556.312.000 0,264649 INTA 83.081.383.677 412.045.570.300 0,201632 0 1.198.084.207.003 412.045.570.300 2,90765 NIPS 12.662.580.885 148.166.676.306 0,085462 0 189.439.039.218 148.166.676.306 1,278554 SMSM 150.420.111.988 519.374.643.869 0,289618 1 498.627.884.127 519.374.643.869 0,960054 KAEF 138.716.044.100 1.114.028.943.712 0,124517 0 543.257.475.734 1.114.028.943.712 0,487651 PYFA 4.199.202.953 77.225.205.835 0,054376 0 23.361.793.395 77.225.205.835 0,302515 TSPC 488.889.258.921 2.604.104.062.843 0,187738 0 944.862.700.629 2.604.104.062.843 0,362836 TCID 131.445.098.783 948.480.404.874 0,138585 1 98.758.035.129 948.480.404.874 0,104122 SRSN 9.830.269.000 364.004.769.000 0,027006 0 135.752.357.000 364.004.769.000 0,372941 KRAS 1.062.683.000.000 9.293.915.000.000 0,114342 0 8.158.514.000.000 9.293.915.000.000 0,877834
Tahun 2011
ROE DER KODE Laba bersih Equity ROE KOMP Tot Hutang Tot Equity DER
INDF 5.017.425.000.000 31.610.225.000.000 0,158728 0 21.975.708.000.000 31.610.225.000.000 0,695209
PSDN 23.858.490.558 206.289.106.038 0,115656 0 215.077.297.281 206.289.106.038 1,042601
SKLT 5.976.790.919 122.900.348.177 0,048631 0 91.337.531.247 122.900.348.177 0,743184
MYTX 17.285.049.940 565.234.862.845 0,03058 0 448.340.225.267 565.234.862.845 0,793193
RDTX 113.923.648.914 828.375.992.995 0,137526 0 253.916.159.080 828.375.992.995 0,306523
SSTM -24.097.995.553 299.075.459.700 -0,08057 0 544.374.697.261 299.075.459.700 1,820192
BRPT -247.343.000.000 9.628.738.000.000 -0,02569 0 9.214.989.000.000 9.628.738.000.000 0,95703
AKRA 2.331.630.929.000 3.574.703.821.000 0,652258 1 4.733.539.947.000 3.574.703.821.000 1,324177
LTLS 105.220.000.000 953.851.000.000 0,110311 0 3.086.447.000.000 953.851.000.000 3,235775
LMPI 5.424.322.790 407.119.930.796 0,013324 0 278.775.688.530 407.119.930.796 0,684751
YPAS 16.621.158.688 148.117.142.340 0,112216 0 75.392.271.560 148.117.142.340 0,509004
KRAS 1.022.843.000.000 10.354.993.000.000 0,098778 0 11.156.569.000.000 10.354.993.000.000 1,07741
LION 52.535.147.701 302.060.465.373 0,173923 0 63.755.284.220 302.060.465.373 0,211068
LMSH 10.897.341.682 57.202.680.156 0,190504 0 40.816.452.492 57.202.680.156 0,713541
PICO 12.323.071.886 187.914.292.813 0,065578 0 373.926.044.212 187.914.292.813 1,989875
TBMS 21.033.879.586 138.585.227.807 0,151776 0 1.326.380.351.455 138.585.227.807 9,570864
TIRA 7.462.361.826 102.583.526.070 0,072744 0 121.290.846.001 102.583.526.070 1,182362
IKAI -50.623.037.636 288.875.637.665 -0,17524 0 259.914.352.655 288.875.637.665 0,899745
MTDL 69.173.608.628 582.522.929.617 0,118748 1 691.762.339.287 582.522.929.617 1,187528
GJTL 946.046.000.000 4.430.825.000.000 0,213515 0 7.123.318.000.000 4.430.825.000.000 1,607673
BRAM 54.979.036.000 1.201.725.440.000 0,04575 0 458.393.625.000 1.201.725.440.000 0,381446
INDS 120.415.120.240 632.249.053.230 0,190455 0 507.466.203.524 632.249.053.230 0,802637
SMSM 219.260.485.960 670.612.341.979 0,326956 1 466.245.600.402 670.612.341.979 0,695254
KONI 3.076.170.318 26.545.461.980 0,115883 0 48.750.318.129 26.545.461.980 1,836484
PYFA 5.172.045.680 82.397.251.515 0,06277 0 35.636.351.337 82.397.251.515 0,432494
TSCP 585.308.879.593 3.045.935.747.008 0,192161 0 1.204.438.648.313 3.045.935.747.008 0,395425
TCID 140.295.062.641 1.020.412.800.735 0,137489 1 110.452.261.687 1.020.412.800.735 0,108243
SRSN 23.987.816.000 252.240.228.000 0,095099 0 108.941.955.000 252.240.228.000 0,431898
BATA 56.615.123.000 354.480.088.000 0,159713 0 162.169.217.000 354.480.088.000 0,457485
ALDO 7.633.152.490 81.783.031.336 0,093334 0 82.739.679.642 81.783.031.336 1,011697
KAEF 171.763.175.754 1.252.505.683.826 0,137136 0 541.736.739.279 1.252.505.683.826 0,432522
Tahun 2009
KINST KMAN KAUD TOTKOM
KODE IND HSL INDF 50,05% 0,05% 4 10 3 0,3 SKLT 96,00% 0,12% 3 3 1 0,333333 ULTJ 46,82% 17,97% 3 3 1 0,333333 GGRM 73,06% 0,80% 3 5 4 0,8 SSTM 69,53% 7,66% 3 6 2 0,333333 BRPT 72,20% 0,43% 3 5 3 0,6 KBRI 33,33% 0,02% 3 3 1 0,333333 AKRA 70,82% 0,50% 3 3 1 0,333333 ETWA 55,96% 0,06% 3 3 1 0,333333 TPIA 77,93% 4,38% 3 5 2 0,4 ASPL 56,31% 7,69% 3 3 1 0,333333 BRNA 51,42% 10,51% 3 4 1 0,25 LMPI 77,53% 0,01% 3 2 1 0,5 YPAS 89,47% 0,35% 3 3 1 0,333333 BTON 54,31% 9,58% 3 2 1 0,5 INAI 65,86% 0,03% 3 5 1 0,2 LION 57,70% 0,23% 3 3 1 0,333333 LMSH 32,22% 25,61% 3 3 1 0,333333 PICO 94,01% 0,08% 3 3 1 0,333333 NIKL 80,00% 0,15% 3 5 2 0,4 IKBI 93,06% 0,10% 3 5 2 0,4 MLPL 31,99% 0,003% 3 4 2 0,5 ASII 50,11% 0,004% 4 10 5 0,5 AOTU 95,65% 0,04% 3 9 3 0,333333 GJTL 61,84% 0,08% 3 7 3 0,428571 BRAM 65,82% 25,40% 3 7 3 0,428571 INTA 86,50% 5,76% 3 3 1 0,333333 NIPS 37,11% 12,40% 3 3 1 0,333333 KAEF 90,03% 0,27% 3 5 3 0,6 PYFA 53,85% 23,08% 3 3 1 0,333333 TSPC 95,10% 0,0568% 3 3 2 0,666667 TCID 79,23% 0,18% 3 5 2 0,4 IGAR 67,51% 0,00000034% 3 3 1 0,333333 UNTR 59,50% 0,00000601% 3 8 3 0,375
Tahun 2010
KINST KMAN KAUD TOTKOM
KODE IND HSL INDF 50,05% 0,06% 4 10 3 0,3 SKLT 96,09% 0,12% 3 3 1 0,333333 TBLA 56,65% 0,10% 3 3 1 0,333333 GGRM 75,55% 0,80% 3 3 2 0,666667 ARGO 44,56% 2,40% 3 6 3 0,5 HDTX 88,63% 3,29% 3 4 2 0,5 BRPT 72,20% 0,49% 3 5 3 0,6 SULI 52,35% 1,21% 3 5 2 0,4 AKRA 59,24% 0,63% 3 3 1 0,333333 LTLS 63,03% 3,64% 3 5 2 0,4 DPNS 68,50% 6,87% 3 3 1 0,333333 APLI 66,66% 6,67% 3 3 1 0,333333 LMPI 77,53% 0,01% 3 2 1 0,5 YPAS 89,47% 0,35% 3 3 1 0,333333 ALMI 83,83% 1,60% 3 5 2 0,4 LION 57,70% 0,23% 3 3 1 0,333333 LMSH 32,22% 25,61% 3 3 1 0,333333 PICO 94,01% 0,80% 3 3 1 0,333333 TBMS 86,23% 0,05% 3 5 2 0,4 KICI 75,00% 5,00% 3 3 1 0,333333 MITI 32,43% 2,34% 3 4 2 0,5 KBLM 75,59% 6,40% 3 4 2 0,5 IKBI 93,06% 0,10% 3 5 2 0,4 GJTL 59,01% 0,08% 3 8 3 0,375 BRAM 65,82% 31,01% 3 7 3 0,428571 INTA 82,21% 3,53% 3 3 1 0,333333 NIPS 37,11% 12,40% 3 3 1 0,333333 SMSM 58,13% 6,04% 4 3 1 0,333333 KAEF 90,03% 0,00005% 3 5 3 0,6 PYFA 53,85% 23,08% 3 3 1 0,333333 TSPC 95,03% 0,08% 3 3 2 0,666667 TCID 73,77% 0,15% 4 3 2 0,666667 SRSN 85,32% 0,000005% 4 9 3 0,333333 KRAS 80,00% 0,000080% 3 4 2 0,5
Tahun 2011
KINST KMAN KAUD TOTKOM
KODE IND HSL INDF 50,07% 0,06% 4 9 3 0,333333 PSDN 72,09% 1,65% 3 6 2 0,333333 SKLT 96,09% 0,12% 3 3 1 0,333333 MYTX 89,91% 2,38% 3 4 1 0,25 RDTX 81,96% 1,03% 3 3 1 0,333333 SSTM 89,00% 8,00% 3 6 2 0,333333 BRPT 72,20% 0,49% 3 5 3 0,6 AKRA 59,67% 0,87% 3 3 1 0,333333 LTLS 63,03% 3,64% 3 5 2 0,4 LMPI 77,53% 0,01% 3 2 1 0,5 YPAS 89,47% 0,35% 3 3 1 0,333333 KRAS 80,00% 0,02% 3 5 2 0,4 LION 57,70% 0,23% 3 3 1 0,333333 LMSH 32,22% 25,61% 3 3 1 0,333333 PICO 94,01% 0,08% 3 3 1 0,333333 TBMS 86,23% 0,05% 3 5 2 0,4 TIRA 96,46% 0,01% 3 3 1 0,333333 IKAI 78,74% 3,03% 3 2 1 0,5 MTDL 25,13% 1,77% 3 3 1 0,333333 GJTL 59,81% 0,08% 3 8 3 0,375 BRAM 65,82% 28,09% 3 7 3 0,428571 INDS 88,10% 0,41% 3 3 1 0,333333 SMSM 58,31% 6,04% 3 3 1 0,333333 KONI 72,37% 5,58% 3 3 1 0,333333 PYFA 53,85% 23,08% 3 3 1 0,333333 TSCP 95,06% 0,09% 3 3 2 0,666667 TCID 73,77% 0,14% 4 5 2 0,4 SRSN 85,32% 0,000005% 3 9 3 0,333333 BATA 87,70% 0,000007% 3 5 2 0,4 ALDO 58,41% 14,32% 3 3 1 0,333333 KAEF 90,02% 0,00005% 4 5 2 0,4
Uji Asumsi Klasik Manajemen Laba
1. Uji Normalitas (belum normal)
Uji Normalitas (sudah normal)
2. Uji Multikolinearitas
3. Uji Heteroskedastisitas
4. Uji Autokolerasi
Tests of Normality
,134 173 ,000 ,869 173 ,000Unstandardized ResidualStatistic df Sig. Statistic df Sig.
Kolmogorov-Smirnov a Shapiro-Wilk
Lilliefors Significance Correctiona.
Tests of Normality
,048 153 ,200* ,990 153 ,342Unstandardized ResidualStatistic df Sig. Statistic df Sig.
Kolmogorov-Smirnov a Shapiro-Wilk
This is a lower bound of the true significance.*.
Lilliefors Significance Correctiona.
Coefficientsa
-,027 ,011 -2,490 ,014,074 ,019 ,309 3,985 ,000 1,000 1,000
-,005 ,022 -,019 -,241 ,810 1,000 1,000
(Constant)SALESAKTTTP
Model1
B Std. Error
UnstandardizedCoefficients
Beta
StandardizedCoefficients
t Sig. Tolerance VIFCollinearity Statistics
Dependent Variable: TACCRUALa.
Coefficients a
,065 ,007 9,788 ,000,006 ,012 ,043 ,533 ,595
-,017 ,013 -,103 -1,265 ,208
(Constant)SALESAKTTTP
Model1
B Std. Error
UnstandardizedCoefficients
Beta
StandardizedCoefficients
t Sig.
Dependent Variable: ABSa.
Model Summaryb
,310a ,096 ,084 ,0764891 1,972Model1
R R SquareAdjustedR Square
Std. Error ofthe Estimate
Durbin-Watson
Predictors: (Constant), AKTTTP, SALESa.
Dependent Variable: TACCRUALb.
Regresi Berganda untuk perhitungan Manajemen Laba
Model Summary
,310a ,096 ,084 ,0764891Model1
R R SquareAdjustedR Square
Std. Error ofthe Estimate
Predictors: (Constant), AKTTTP, SALESa.
ANOVAb
,093 2 ,047 7,978 ,001a
,878 150 ,006,971 152
RegressionResidualTotal
Model1
Sum ofSquares df Mean Square F Sig.
Predictors: (Constant), AKTTTP, SALESa.
Dependent Variable: TACCRUALb.
Coefficientsa
-,027 ,011 -2,490 ,014,074 ,019 ,309 3,985 ,000
-,005 ,022 -,019 -,241 ,810
(Constant)SALESAKTTTP
Model1
B Std. Error
UnstandardizedCoefficients
Beta
StandardizedCoefficients
t Sig.
Dependent Variable: TACCRUALa.
Uji Asumsi Klasik Pengujian Hipotesis
1. Uji Normalitas (belum normal)
Uji Normalitas (sudah normal)
2. Uji Multikolinearitas
3. Uji Heteroskedastisitas
Tests of Normality
,128 153 ,000 ,930 153 ,000Unstandardized ResidualStatistic df Sig. Statistic df Sig.
Kolmogorov-Smirnova Shapiro-Wilk
Lilliefors Significance Correctiona.
Tests of Normality
,075 98 ,200* ,974 98 ,047Unstandardized ResidualStatistic df Sig. Statistic df Sig.
Kolmogorov-Smirnov a Shapiro-Wilk
This is a lower bound of the true significance.*.
Lilliefors Significance Correctiona.
Coefficientsa
,121 ,031 3,885 ,000-,122 ,019 -,542 -6,518 ,000 ,820 1,219,005 ,001 ,261 3,094 ,003 ,798 1,254,029 ,008 ,324 3,739 ,000 ,758 1,320
-,017 ,014 -,109 -1,228 ,223 ,717 1,394,019 ,034 ,052 ,561 ,576 ,673 1,486
-,026 ,009 -,250 -2,825 ,006 ,724 1,381,003 ,001 ,176 2,030 ,045 ,755 1,324,008 ,021 ,031 ,390 ,697 ,925 1,082
(Constant)ROEDERKOMPENKINSTKMANKAUDKOMISINDEP
Model1
B Std. Error
UnstandardizedCoefficients
Beta
StandardizedCoefficients
t Sig. Tolerance VIFCollinearity Statistics
Dependent Variable: ABSDAITa.
Coefficients a
,010 ,016 ,600 ,550-,010 ,010 -,113 -1,020 ,310,001 ,001 ,165 1,464 ,147
-,006 ,004 -,164 -1,417 ,160,001 ,007 ,010 ,083 ,934
-,002 ,018 -,015 -,119 ,906,001 ,005 ,021 ,181 ,856,000 ,001 ,026 ,229 ,819,009 ,011 ,090 ,863 ,390
(Constant)ROEDERKOMPENKINSTKMANKAUDKOMISINDEP
Model1
B Std. Error
UnstandardizedCoefficients
Beta
StandardizedCoefficients
t Sig.
Dependent Variable: ABSa.
4. Uji Autokolerasi
Regresi Berganda Pengujian Hipotesis
Model Summary b
,703a ,495 ,450 ,0212512 1,916Model1
R R SquareAdjustedR Square
Std. Error ofthe Estimate
Durbin-Watson
Predictors: (Constant), INDEP, KOMIS, ROE, KINST, DER, KOMPEN,KAUD, KMAN
a.
Dependent Variable: ABSDAITb.
Model Summary
,703a ,495 ,450 ,0212512Model1
R R SquareAdjustedR Square
Std. Error ofthe Estimate
Predictors: (Constant), INDEP, KOMIS, ROE, KINST,DER, KOMPEN, KAUD, KMAN
a.
ANOVAb
,039 8 ,005 10,901 ,000a
,040 89 ,000,080 97
RegressionResidualTotal
Model1
Sum ofSquares df Mean Square F Sig.
Predictors: (Constant), INDEP, KOMIS, ROE, KINST, DER, KOMPEN, KAUD, KMANa.
Dependent Variable: ABSDAITb.
Coefficientsa
,121 ,031 3,885 ,000-,122 ,019 -,542 -6,518 ,000,005 ,001 ,261 3,094 ,003,029 ,008 ,324 3,739 ,000
-,017 ,014 -,109 -1,228 ,223,019 ,034 ,052 ,561 ,576
-,026 ,009 -,250 -2,825 ,006,003 ,001 ,176 2,030 ,045,008 ,021 ,031 ,390 ,697
(Constant)ROEDERKOMPENKINSTKMANKAUDKOMISINDEP
Model1
B Std. Error
UnstandardizedCoefficients
Beta
StandardizedCoefficients
t Sig.
Dependent Variable: ABSDAITa.
Deskriptif Statistik
Deskriptif Statistik Variabel Kompensasi Bonus
Descriptive Statistics
98 -,5900 ,6523 ,107160 ,127196698 ,0798 9,5709 1,317143 1,658082298 ,2513 ,9646 ,701296 ,186428498 ,00000 ,31010 ,0434610 ,0768978198 3 4 3,08 ,27598 2 10 4,30 1,90698 ,2000 ,8000 ,401081 ,109042798 ,0005 ,1730 ,040744 ,028642498
ROEDERKINSTKMANKAUDKOMISINDEPABSDAITValid N (listwise)
N Minimum Maximum Mean Std. Deviation
KOMPEN
87 88,8 88,8 88,811 11,2 11,2 100,098 100,0 100,0
tidakkompensasiTotal
ValidFrequency Percent Valid Percent
CumulativePercent