tag:blogger.com,1999:blog-17971496451774057972024-03-13T04:28:13.558-07:00Harisa ArroziHarisa Arrozihttp://www.blogger.com/profile/14333471974106440311noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1797149645177405797.post-89064506153825791822023-10-10T15:29:00.002-07:002023-10-10T15:31:05.578-07:00<p><a name="_Toc76199567"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-size: 14.0pt; mso-fareast-font-family: Calibri;"></span></a></p><div style="display: inline !important;"><b>ANALISIS PENGARUH TAX AVOIDANCE TERHADAP NILAI PERUSAHAAN</b></div><div><a name="_Toc76199567"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-size: 14.0pt; mso-fareast-font-family: Calibri;"><div><b>DAN BIAYA AGENSI DENGAN TRANSPARANSI INFORMASI SEBAGAI</b></div></span></a><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-size: 14.0pt; mso-fareast-font-family: Calibri;"><div><a name="_Toc76199567"></a><a name="_Toc76199567"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-size: 14.0pt; mso-fareast-font-family: Calibri;"><div style="display: inline !important;"><b>VARIABEL MODERASI</b></div></span></a></div><div><br /></div><div>( Studi Empiris pada Perusahaan yang Konsisten di LQ 45 BEI 2016-2020 )</div></span></div>
<h1 style="line-height: 200%; margin-left: 0.25in; mso-list: l22 level1 lfo6; text-indent: -0.25in;"><!--[if !supportLists]--><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.1.</span></span><!--[endif]--><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><span style="mso-spacerun: yes;"> </span><a name="_Toc76199568">Objek Penelitian</a><o:p></o:p></span></h1>
<p class="MsoNormal" style="line-height: 200%; text-align: justify; text-indent: 0.5in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Populasi yang
digunakan dalam penelitian ini adalah seluruh perusahaan konsisten di LQ 45
yang terdaftar di Bursa Efek Indonesia tahun 2016 sampai 2020 yaitu sebanyak 38
perusahaan. Pengambilan sampel dalam penelitian ini menggunakan teknik non
probability sampling dan metode pengambilan sampel yang digunakan dalam
penelitian ini adalah metode purposive sampling. Sampel yang diperoleh sebanyak
40 dan jumlah data amatan dengan pengamatan selama 5 tahun sebanyak 102 sampel
perusahaan.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><span style="mso-tab-count: 1;"> </span>Perusahaan dipilih dengan
menggunakan Teknik purposive sampling sesuai dengan kriteria yang ditetapkan.
Proses penyeleksian sampel dalam penelitian ini sebagai berikut :<o:p></o:p></span></p>
<p align="center" class="MsoCaption" style="text-align: center;"><a name="_Toc75521358"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; mso-bidi-font-style: italic;">Tabel 4. </span></b></a><!--[if supportFields]><span
style='mso-bookmark:_Toc75521358'></span><span style='mso-element:field-begin'></span><span
style='mso-bookmark:_Toc75521358'><b style='mso-bidi-font-weight:normal'><span
lang=IN style='font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext;
font-style:normal;mso-bidi-font-style:italic'><span
style='mso-spacerun:yes'> </span>SEQ Tabel_4. \* ARABIC <span style='mso-element:
field-separator'></span></span></b></span><![endif]--><span style="mso-bookmark: _Toc75521358;"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; mso-bidi-font-style: italic;"><span style="mso-no-proof: yes;">1</span></span></b></span><!--[if supportFields]><span
style='mso-bookmark:_Toc75521358'></span><span style='mso-element:field-end'></span><![endif]--><span style="mso-bookmark: _Toc75521358;"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; mso-bidi-font-style: italic;"> Proses Seleksi Sampel</span></b></span><span style="mso-bookmark: _Toc75521358;"></span><b><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; mso-ansi-language: EN-ID; mso-bidi-font-style: italic; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184;">
<tbody><tr style="height: 19.75pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: 1pt solid windowtext; height: 19.75pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 35.2pt;" valign="top" width="47">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">No.<o:p></o:p></span></p>
</td>
<td style="border-left: none; border: 1pt solid windowtext; height: 19.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 318.95pt;" valign="top" width="425">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Keterangan<o:p></o:p></span></p>
</td>
<td style="border-left: none; border: 1pt solid windowtext; height: 19.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 96.65pt;" valign="top" width="129">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Jumlah<o:p></o:p></span></p>
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<tr style="mso-yfti-irow: 1;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 35.2pt;" valign="top" width="47">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">1.<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 318.95pt;" valign="top" width="425">
<p class="MsoNormal" style="line-height: 150%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 150%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Perusahaan yang konsisten pada LQ 45 di Bursa Efek Indonesia tahun
2016-2020<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 96.65pt;" valign="top" width="129">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">25<o:p></o:p></span></p>
</td>
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<tr style="mso-yfti-irow: 2;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 35.2pt;" valign="top" width="47">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">2.<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 318.95pt;" valign="top" width="425">
<p class="MsoNormal" style="line-height: 150%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 150%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Perusahaan yang tidak konsisten pada LQ 45 di Bursa Efek Indonesia
tahun 2016-2020<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 96.65pt;" valign="top" width="129">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">31<o:p></o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-irow: 3;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 35.2pt;" valign="top" width="47">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">3.<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 318.95pt;" valign="top" width="425">
<p class="MsoNormal" style="line-height: 150%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 150%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Perusahaan yang menerbitkan laporan tahunan 2016-2020<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 96.65pt;" valign="top" width="129">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">45<o:p></o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-irow: 4;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 35.2pt;" valign="top" width="47">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">4.<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 318.95pt;" valign="top" width="425">
<p class="MsoNormal" style="line-height: 150%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 150%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Perusahaan yang menerbitkan laporan keuangan audited 2016-2020<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 96.65pt;" valign="top" width="129">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">45<o:p></o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-irow: 5;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 35.2pt;" valign="top" width="47">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 318.95pt;" valign="top" width="425">
<p align="center" class="MsoNormal" style="line-height: 150%; margin-bottom: 0in; text-align: center;"><b><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 150%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Jumlah perusahaan yang terpilih sebagai sampel<o:p></o:p></span></b></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 96.65pt;" valign="top" width="129">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">9<o:p></o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-irow: 6; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 35.2pt;" valign="top" width="47">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 318.95pt;" valign="top" width="425">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><b><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Total sampel untuk 5 tahun (9 x 5)<o:p></o:p></span></b></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 96.65pt;" valign="top" width="129">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">45<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><span style="mso-tab-count: 1;"> </span>Berdasarkan proses
seleksi sampel diatas peneliti memilih sampel yang mewakili sektor-sektor usaha
bisnis. Sehingga jumlah sampel dalam penelitian ini sebanyak 9 (sembilan)
perusahaan yang konsisten di LQ 45 Bursa Efek Indonesia sebagai berikut :<o:p></o:p></span></p>
<p align="center" class="MsoCaption" style="text-align: center;"><a name="_Toc75521359"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; mso-bidi-font-style: italic;">Tabel 4. </span></b></a><!--[if supportFields]><span
style='mso-bookmark:_Toc75521359'></span><span style='mso-element:field-begin'></span><span
style='mso-bookmark:_Toc75521359'><b style='mso-bidi-font-weight:normal'><span
lang=IN style='font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext;
font-style:normal;mso-bidi-font-style:italic'><span
style='mso-spacerun:yes'> </span>SEQ Tabel_4. \* ARABIC <span style='mso-element:
field-separator'></span></span></b></span><![endif]--><span style="mso-bookmark: _Toc75521359;"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; mso-bidi-font-style: italic;"><span style="mso-no-proof: yes;">2</span></span></b></span><!--[if supportFields]><span
style='mso-bookmark:_Toc75521359'></span><span style='mso-element:field-end'></span><![endif]--><span style="mso-bookmark: _Toc75521359;"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; mso-bidi-font-style: italic;"> Perusahaan Sampel</span></b></span><span style="mso-bookmark: _Toc75521359;"></span><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; mso-ansi-language: EN-ID; mso-bidi-font-style: italic; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184;">
<tbody><tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 56.45pt;" valign="top" width="75">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">No.<o:p></o:p></span></p>
</td>
<td style="border-left: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 241pt;" valign="top" width="321">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Nama Perusahaan<o:p></o:p></span></p>
</td>
<td style="border-left: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 153.35pt;" valign="top" width="204">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Kode<o:p></o:p></span></p>
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</tr>
<tr style="mso-yfti-irow: 1;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 56.45pt;" valign="top" width="75">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">1.<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 241pt;" valign="top" width="321">
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">PT Adaro Energy Tbk <o:p></o:p></span></p>
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<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 153.35pt;" valign="top" width="204">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">ADRO<o:p></o:p></span></p>
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<tr style="mso-yfti-irow: 2;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 56.45pt;" valign="top" width="75">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">2.<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 241pt;" valign="top" width="321">
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">PT Astra Internasional Tbk <o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 153.35pt;" valign="top" width="204">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">ASII<o:p></o:p></span></p>
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</tr>
<tr style="mso-yfti-irow: 3;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 56.45pt;" valign="top" width="75">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">3.<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 241pt;" valign="top" width="321">
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">PT Bank Mandiri (Persero) Tbk<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 153.35pt;" valign="top" width="204">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">BMRI<o:p></o:p></span></p>
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</tr>
<tr style="mso-yfti-irow: 4;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 56.45pt;" valign="top" width="75">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">4.<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 241pt;" valign="top" width="321">
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">PT Gudang Garam Tbk<o:p></o:p></span></p>
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<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 153.35pt;" valign="top" width="204">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">GGRM<o:p></o:p></span></p>
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<tr style="mso-yfti-irow: 5;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 56.45pt;" valign="top" width="75">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">5.<o:p></o:p></span></p>
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<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 241pt;" valign="top" width="321">
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">PT Indofood Sukses Makmur Tbk <o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 153.35pt;" valign="top" width="204">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">INDF<o:p></o:p></span></p>
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</tr>
<tr style="mso-yfti-irow: 6;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 56.45pt;" valign="top" width="75">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">6.<o:p></o:p></span></p>
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<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 241pt;" valign="top" width="321">
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">PT Kalbe Farma Tbk<o:p></o:p></span></p>
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<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 153.35pt;" valign="top" width="204">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">KLBF<o:p></o:p></span></p>
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</tr>
<tr style="mso-yfti-irow: 7;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 56.45pt;" valign="top" width="75">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">7.<o:p></o:p></span></p>
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<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 241pt;" valign="top" width="321">
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">PT Semen Indonesia (Persero) Tbk<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 153.35pt;" valign="top" width="204">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">SMGR<o:p></o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-irow: 8;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 56.45pt;" valign="top" width="75">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">8.<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 241pt;" valign="top" width="321">
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">PT Unilever Indonesia Tbk <o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 153.35pt;" valign="top" width="204">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">UNVR<o:p></o:p></span></p>
</td>
</tr>
<tr style="mso-yfti-irow: 9; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 56.45pt;" valign="top" width="75">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">9.<o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 241pt;" valign="top" width="321">
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">PT Wijaya Karya (Persero) Tbk <o:p></o:p></span></p>
</td>
<td style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 153.35pt;" valign="top" width="204">
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">WIKA<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Sumber : idx.co.id, data diolah Kembali<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<h2 style="line-height: 200%; margin-left: 21.3pt; mso-list: l22 level1 lfo6; text-indent: -21.3pt;"><a name="_Toc76199569"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.2.<span style="font: 7pt "Times New Roman";"> </span></span></span></b><!--[endif]--><span class="Heading2Char"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Data Penelitian</span></b></span></a><span style="mso-bookmark: _Toc76199569;"></span><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h2>
<h3 style="line-height: 200%; margin-left: 0.5in; mso-list: l16 level1 lfo43; text-indent: -0.5in;"><a name="_Toc76199570"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.2.1.<span style="font: 7pt "Times New Roman";">
</span></span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Penghindaran Pajak</span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h3>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Sebagaimana yang disebutkan di Bab 3 bahwa untuk menghitung penghindaran
pajak menggunakan rumus Cash ETR, Adapun hasilnya sebagai berikut :<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Tabel 4.3 Perhitungan Cash ETR<o:p></o:p></span></b></p>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184; width: 590px;">
<tbody><tr style="height: 15pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" rowspan="2" style="border: 1pt solid windowtext; height: 15pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 48pt;" width="64">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">NO.<o:p></o:p></span></p>
</td>
<td nowrap="" rowspan="2" style="border-left: none; border: 1pt solid windowtext; height: 15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 79.35pt;" width="106">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>KODE <o:p></o:p></span></p>
</td>
<td colspan="5" nowrap="" style="border-left: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 248.05pt;" valign="bottom" width="331">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>TAHUN <o:p></o:p></span></p>
</td>
<td nowrap="" rowspan="2" style="border-left: none; border: 1pt solid windowtext; height: 15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 67.45pt;" width="90">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>RATA-RATA <o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2016<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2017<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2018<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2019<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2020<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 48pt;" valign="bottom" width="64">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">1<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 79.35pt;" valign="bottom" width="106">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>ADRO <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,28 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,55 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,50 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,47 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,81 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 67.45pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,52 <o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 48pt;" valign="bottom" width="64">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 79.35pt;" valign="bottom" width="106">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>ASII <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,24 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,22 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,23 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,32 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,28 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 67.45pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,26 <o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 48pt;" valign="bottom" width="64">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">3<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 79.35pt;" valign="bottom" width="106">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>BMRI <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,32 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,22 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,21 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,21 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,20 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 67.45pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,23 <o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 5;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 48pt;" valign="bottom" width="64">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">4<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 79.35pt;" valign="bottom" width="106">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>GGRM <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,27 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,25 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,28 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,22 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,23 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 67.45pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,25 <o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 6;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 48pt;" valign="bottom" width="64">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">5<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 79.35pt;" valign="bottom" width="106">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>INDF <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,36 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,45 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,46 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,27 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,22 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 67.45pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,35 <o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 7;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 48pt;" valign="bottom" width="64">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">6<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 79.35pt;" valign="bottom" width="106">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>KLBF <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,24 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,24 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,25 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,25 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,17 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 67.45pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,23 <o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 8;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 48pt;" valign="bottom" width="64">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">7<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 79.35pt;" valign="bottom" width="106">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>SMGR <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,30 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,51 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: red; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,13 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,19 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,34 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 67.45pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,30 <o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 9;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 48pt;" valign="bottom" width="64">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">8<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 79.35pt;" valign="bottom" width="106">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>UNVR <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,24 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,26 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,19 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,32 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,18 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 67.45pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,24 <o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 10; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 48pt;" valign="bottom" width="64">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">9<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 79.35pt;" valign="bottom" width="106">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>WIKA <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,24 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,42 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,52 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,36 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: red; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>4,28 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 67.45pt;" valign="bottom" width="90">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>1,16 <o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Sumber : Data diolah sendiri tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<h3 style="line-height: 200%; margin-left: 0.5in; mso-list: l16 level1 lfo43; text-indent: -0.5in;"><a name="_Toc76199571"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.2.2.<span style="font: 7pt "Times New Roman";">
</span></span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Nilai Perusahaan</span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h3>
<p class="MsoNormal" style="line-height: 200%;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Nilai Perusahaan
dihitung menggunakan Tobin’s Q, adapun hasilnya sebagai berikut :<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Tabel 4.4 Perhitungan Tobins Q<o:p></o:p></span></b></p>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184; width: 595px;">
<tbody><tr style="height: 15pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" rowspan="2" style="border: 1pt solid windowtext; height: 15pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">NO.<o:p></o:p></span></p>
</td>
<td nowrap="" rowspan="2" style="border-left: none; border: 1pt solid windowtext; height: 15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>KODE <o:p></o:p></span></p>
</td>
<td colspan="5" nowrap="" style="border-left: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 248.05pt;" valign="bottom" width="331">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>TAHUN <o:p></o:p></span></p>
</td>
<td nowrap="" rowspan="2" style="border-left: none; border: 1pt solid windowtext; height: 15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>RATA-RATA <o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2016<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2017<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2018<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2019<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2020<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">1<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>ADRO <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,04 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,04 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: red; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,76 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,94 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,89 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">0,93<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>ASII <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,75 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,61 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,46 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,27 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,14 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">1,44<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">3<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>BMRI <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,82 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,12 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,07 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,05 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,02 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">1,01<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 5;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">4<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>GGRM <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>2,32 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>2,78 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>2,68 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,65 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,26 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2,14<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 6;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">5<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>INDF <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,31 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,23 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,16 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,16 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,88 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">1,15<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 7;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">6<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>KLBF <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>4,85 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>4,93 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>4,08 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>3,92 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>3,29 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">4,21<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 8;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">7<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>SMGR <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,54 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,58 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,70 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,44 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,48 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">1,55<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 9;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">8<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>UNVR <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>18,40 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: red; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>23,29 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>18,36 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>16,51 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>2,77 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">15,86<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 10; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">9<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>WIKA <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,28 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,98 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,96 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>0,98 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;">
</span>1,03 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">1,05<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Sumber : Data diolah sendiri tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<h3 style="margin-left: 0.5in; mso-list: l16 level1 lfo43; text-indent: -0.25in;"><a name="_Toc76199572"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.2.3.<span style="font: 7pt "Times New Roman";">
</span></span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Biaya Agensi</span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h3>
<h3 style="margin-left: 0.25in;"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></h3>
<h3 style="line-height: 200%; margin-left: 0.25in;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Menghitung
biaya agensi dengan menggunakan rumus OETS, Adapun hasilnya sebagai berikut : <o:p></o:p></span></h3>
<p class="MsoNormal"><span lang="EN-ID" style="mso-ansi-language: EN-ID;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; text-align: center;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Tabel 4.5 Perhitungan OETS<o:p></o:p></span></b></p>
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184; width: 595px;">
<tbody><tr style="height: 15pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" rowspan="2" style="border-bottom: solid black 1.0pt; border: 1pt solid windowtext; height: 15pt; mso-border-alt: solid windowtext .5pt; mso-border-bottom-alt: solid black .5pt; padding: 0in 5.4pt; width: 42.3pt;" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">NO.<o:p></o:p></span></p>
</td>
<td nowrap="" rowspan="2" style="border-bottom: 1pt solid black; border-left: none; border-right: 1pt solid windowtext; border-top: 1pt solid windowtext; height: 15pt; mso-border-alt: solid windowtext .5pt; mso-border-bottom-alt: solid black .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>KODE <o:p></o:p></span></p>
</td>
<td colspan="5" nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid black; border-top: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid black .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 248.05pt;" valign="bottom" width="331">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>TAHUN <o:p></o:p></span></p>
</td>
<td nowrap="" rowspan="2" style="border-bottom: 1pt solid black; border-left: none; border-right: 1pt solid windowtext; border-top: 1pt solid windowtext; height: 15pt; mso-border-alt: solid windowtext .5pt; mso-border-bottom-alt: solid black .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>RATA-RATA <o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2016<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2017<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2018<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2019<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2020<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">1<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>ADRO <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0644
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0604 <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0580
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0737
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0708
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">0,07<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">2<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>ASII <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1468
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1522
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1445
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1487
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,2240
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">0,16<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">3<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>BMRI <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,2693
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,2942
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: red; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,3037
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,2967
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,2525
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">0,28<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 5;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">4<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>GGRM <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0871
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0853
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0789
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0723
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0662
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">0,08<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 6;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">5<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>INDF <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1660
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1611
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1674
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1722
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1725
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">0,17<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 7;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">6<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>KLBF <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,3221
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,3151
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,3033
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,2937
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,2772
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">0,30<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 8;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">7<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>SMGR <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1868
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1915
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1485
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1640
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,1696
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">0,17<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 9;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">8<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>UNVR <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,2934
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,2843
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,2776
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,2775
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,3022
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">0,29<o:p></o:p></span></p>
</td>
</tr>
<tr style="height: 15pt; mso-yfti-irow: 10; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: 1pt solid windowtext; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 42.3pt;" valign="bottom" width="56">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">9<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 85.05pt;" valign="bottom" width="113">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>WIKA <o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0336
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0259
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.65pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: red; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0252
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0342
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 49.6pt;" valign="bottom" width="66">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;"><span style="mso-spacerun: yes;"> </span>0,0541
<o:p></o:p></span></p>
</td>
<td nowrap="" style="border-bottom: 1pt solid windowtext; border-left: none; border-right: 1pt solid windowtext; border-top: none; height: 15pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt; width: 70.9pt;" valign="bottom" width="95">
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: center;"><span lang="EN-ID" style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-ID;">0,03<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Sumber : Data diolah sendiri tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></b></p>
<h3 style="line-height: 200%; margin-left: 0.5in; mso-list: l16 level1 lfo43; text-indent: -0.5in;"><a name="_Toc76199573"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.2.4.<span style="font: 7pt "Times New Roman";">
</span></span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Transparansi Informasi</span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h3>
<p class="MsoNormal" style="line-height: 200%; text-indent: 0.5in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Dalam penelitian ini transparansi informasi dilihat dengan mengakses
ketersediaan informasi laporan keuangan audited dan laporan tahunan perusahaan
di situs bursa efek Indonesia, Adapun hasilnya sebagai berikut :<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%;"><span lang="IN" style="mso-no-proof: yes;"><v:shapetype coordsize="21600,21600" filled="f" id="_x0000_t75" o:preferrelative="t" o:spt="75" path="m@4@5l@4@11@9@11@9@5xe" stroked="f">
<v:stroke joinstyle="miter">
<v:formulas>
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</v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:f></v:formulas>
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<v:imagedata o:title="" src="file:///C:/Users/HARISA~1.ARR/AppData/Local/Temp/msohtmlclip1/01/clip_image001.emz">
</v:imagedata></v:shape></span><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; text-align: center;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Gambar 4.1
Ketersediaan Data<o:p></o:p></span></p>
<h2 style="line-height: 200%; margin-left: 0.25in; mso-list: l22 level1 lfo6; text-indent: -0.25in;"><a name="_Toc76199574"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.3.</span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"> Deskripsi Hasil Penelitian</span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h2>
<p class="MsoNormal" style="line-height: 200%; text-indent: 0.5in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Berdasarkan hasil olah data yang dilakukan maka dibawah ini akan
dijelaskan deskripsi hasil penelitian yang meliputi statistik deskriptif, uji
asumsi klasik, analisis regresi linier berganda berserta uji hipotesisnya.<o:p></o:p></span></p>
<h2 style="line-height: 200%; margin-left: 0.25in; mso-list: l22 level1 lfo6; text-indent: -0.25in;"><a name="_Toc76199575"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.4.</span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"> Analisis Data</span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h2>
<h3 style="line-height: 200%; text-align: justify;"><a name="_Toc76199576"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">4.4.1
Uji Statistik Variabel</span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h3>
<p class="MsoNormal" style="line-height: 200%; tab-stops: .5in 1.0in 1.5in 2.0in center 225.65pt; text-align: justify;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><span style="mso-tab-count: 1;"> </span>Analisis statistik
deskriptif merupakan gambaran atau deskripsi data yang dilihat dari nilai
maksimum, nilai minimun, nilai median dan standar deviasi. Informasi mengenai
statistik deskriptif tersebut meliputi : nilai minimum, nilai maksimum,
rata-rata (mean) dan standar deviasi. Statistik deskriptif untuk
varibael-variabel yang digunakan dalam penelitian ini adalah ETR (X1),
Transparan (Z1) dan Nilai Perusahaan (Y1). Hasil statistik deskriftif
masing-masing variabel tersebut dapat dilihat pada tabel berikut.<o:p></o:p></span></p>
<p align="center" class="MsoCaption" style="text-align: center;"><a name="_Toc75521360"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; mso-bidi-font-style: italic;">Tabel 4. </span></b></a><span style="mso-bookmark: _Toc75521360;"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; mso-ansi-language: EN-US; mso-bidi-font-style: italic;">6</span></b></span><span style="mso-bookmark: _Toc75521360;"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; mso-bidi-font-style: italic;"> Hasil Uji Statistik Deskriptif</span></b></span><span style="mso-bookmark: _Toc75521360;"></span><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; mso-ansi-language: EN-ID; mso-bidi-font-style: italic; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 520px;">
<tbody><tr style="break-inside: avoid; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="6" style="background: white; border: none; padding: 0in; width: 389.85pt;" width="520">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">Descriptive
Statistics</span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 1; page-break-inside: avoid;">
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; padding: 0in; width: 99.25pt;" valign="bottom" width="132">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; padding: 0in; width: 56.7pt;" valign="bottom" width="76">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">N<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 56.7pt;" valign="bottom" width="76">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Minimum<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 56.7pt;" valign="bottom" width="76">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Maximum<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 56.7pt;" valign="bottom" width="76">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Mean<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 63.8pt;" valign="bottom" width="85">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std.
Deviation<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 2; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 99.25pt;" valign="top" width="132">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">ETR<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">45<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,13<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">4,28<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,3933<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 63.8pt;" valign="top" width="85">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,60642<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 3; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 99.25pt;" valign="top" width="132">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">TOBIN'S Q<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">45<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,76<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">23,29<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">3,2953<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 63.8pt;" valign="top" width="85">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">5,17898<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 4; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 99.25pt;" valign="top" width="132">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">OETS<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">45<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,03<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,32<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,1722<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 63.8pt;" valign="top" width="85">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,09728<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 5; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 99.25pt;" valign="top" width="132">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">LK<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">45<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,00<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">2,00<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,9778<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 63.8pt;" valign="top" width="85">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,14907<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 6; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 99.25pt;" valign="top" width="132">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Valid N (listwise)<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">45<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" width="76">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" width="76">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.7pt;" width="76">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 63.8pt;" width="85">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 200%; tab-stops: .5in 1.0in 1.5in 2.0in center 225.65pt;"><i><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Sumber :</span></i><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"> </span><span lang="IN" style="font-family: "Times New Roman",serif;">Data sekunder yang diolah dengan
SPSS 25 pada tahun 2021</span><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; tab-stops: .5in 1.0in 1.5in 2.0in center 225.65pt; text-align: justify;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><span style="mso-tab-count: 1;"> </span>Berdasarkan tabel 4.6 jumlah
sampel yang digunakan dalam penelitian ini sebanyak 45 sampel perusahaan,
disimpulkan bahwa Variable bebas penghindaran pajak (<i style="mso-bidi-font-style: normal;">tax avoidance</i>) yang diproksikan melalui <i style="mso-bidi-font-style: normal;">ETR</i> pada perusahaan yang terdaftar di BEI memiliki rata-rata
sebesar 0,3933 dengan nilai standar deviasi adalah sebesar 0,60642. Perusahaan
yang memiliki <i style="mso-bidi-font-style: normal;">ETR</i> terkecil adalah PT
Semen Indonesia Tbk 0,13 pada tahun observasi 2018. Perusahaan dengan ETR
terbesar dimiliki oleh PT Wijaya Karya Tbk sebesar 4,28<span style="mso-spacerun: yes;"> </span>pada tahun observasi 2020. Standar deviasi
yang menunjukkan lebih tinggi dari rata-ratanya berarti bahwa varians penghindar
pajak dari seluruh sampel lebih kecil dari rata-ratanya.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; tab-stops: .5in 1.0in 1.5in 2.0in center 225.65pt; text-align: justify;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><span style="mso-tab-count: 1;"> </span>Nilai perusahaan memiliki
suatu nilai rata-rata sebesar 3,2953 dengan nilai standar deviasi adalah
sebesar 5,17898. Perusahaan yang memiliki nilai perusahaan terkecil adalah PT
Adaro Energy Tbk yaitu sebesar 0,76 pada tahun obsevasi 2018, sedangkan
perusahaan yang memiliki nilai perusahaan terbesar adalah PT Unilever Indonesia
Tbk yaitu 23,29 pada tahun 2017. Standar deviasi yang menunjukkan lebih tinggi
dari rata-ratanya berarti bahwa varians nilai perusahaan dari seluruh sampel
lebih kecil dari rata-ratanya.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; tab-stops: .5in 1.0in 1.5in 2.0in center 225.65pt; text-align: justify;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><span style="mso-tab-count: 1;"> </span>Biaya agensi memiliki
suatu nilai rata-rata sebesar 0,1722 dengan standar deviasi sebesar 0,09728.
perusahaan yang memiliki biaya agensi terkecil adalah PT Wijaya Karya (Persero)
yaitu 0,0252 dan perusahaan yang memiliki biaya agensi tertinggi yaitu PT Bank
Mandiri (Persero) dengan nilai 0,3037.<span style="mso-tab-count: 1;"> </span><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; tab-stops: .5in 1.0in 1.5in 2.0in center 225.65pt; text-align: justify;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><span style="mso-tab-count: 1;"> </span>Variabel pemoderasi
yaitu transparansi informasi memiliki nilai rata-rata sebesar 1,9778 dengan
nilai standar deviasi adalah sebesar 0,14907. Perusahaan yang memiliki
transparansi terkecil adalah PT Semen Indonesia (Persero) Tbk sebesar nilai 1
pada tahun observasi 2018. Perusahaan dengan transparansi terbesar adalah PT
Bank Mandiri (Persero) Tbk sebesar 0,96 pada tahun observasi 2017 -2018.
Standar deviasi yang menunjukkan lebih rendah dari rata-rata nya berarti bahwa
varians transparansi informasi dari seluruh sampel lebih besar dari
rata-ratanya.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><span style="mso-tab-count: 1;"> </span>Suatu model regresi akan
dapat dijadikan sebagai alat estimasi yang tidak bias jika telah memenuhi
persayaratan best linera anbeas estimator yaitu data terdistribusi normal,
tidak terjadi multikolenirietas, tidak terjadi heteroksiditas dan tidak terjadi
autokorelasi, untuk itu maka dilakukan uji model regeresi harus dilakukan
dengan pengujian asumsi klasik terhadap model regesi yang akan digunakan. Uji
asumsi klasik dalam penelitian ini meliputi uji normalitas, uji
multikolinieritas, uji heteroksiditas dan uji autokorelasi. Hasil uji asumsi
klasik dapat dilihat padata tabel 4.7</span><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><span style="mso-tab-count: 1;"> </span><o:p></o:p></span></p>
<h2 style="line-height: 200%; margin-left: 0.25in; mso-list: l22 level1 lfo6; text-indent: -0.25in;"><a name="_Toc76199577"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.5.</span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Hasil Uji Asumsi Klasik</span></b></a><span style="mso-bookmark: _Toc76199577;"></span><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID;"><o:p></o:p></span></b></h2>
<h3 style="line-height: 200%; margin-left: 0.75in; mso-list: l30 level3 lfo8; text-indent: -0.5in;"><a name="_Toc76199578"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.5.1<span style="font: 7pt "Times New Roman";">
</span></span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Hasil Uji Normalitas</span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h3>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Tujuan uji normalitas yaitu melakukan
pengujian apakah data dalam penelitian ini berdistribusi normal. Dilakukan
dengan menggunakan dua analisis grafik yaitu grafik histogram dan grafik <i>normal
probability plot</i>, serta menggunakan uji statistik yaitu uji statistik
nonparametrik Kolmogorv-Smirnov. Berikut adalah hasil dari pengujian normalitas
data observasi penelitian ini</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;"> </span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">:<o:p></o:p></span></p>
<p class="MsoCaption" style="line-height: 200%; margin-bottom: 0in;"><a name="_Toc74579000"></a><a name="_Toc74575478"><span style="mso-bookmark: _Toc74579000;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></span></a></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74575478;"><span style="mso-bookmark: _Toc74579000;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Gambar 4.</span></b></span></span><span style="mso-bookmark: _Toc74575478;"><span style="mso-bookmark: _Toc74579000;"><b><span color="windowtext" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%; mso-ansi-language: EN-US;">2</span></b></span></span><span style="mso-bookmark: _Toc74575478;"><span style="mso-bookmark: _Toc74579000;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p></o:p></span></b></span></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74575478;"><span style="mso-bookmark: _Toc74579000;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Grafik Histogram</span></b></span></span><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%; mso-no-proof: yes;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-fareast-language: IN; mso-no-proof: yes;"><v:shape id="Picture_x0020_4" o:spid="_x0000_i1029" style="height: 240.6pt; mso-wrap-style: square; visibility: visible; width: 390.6pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/HARISA~1.ARR/AppData/Local/Temp/msohtmlclip1/01/clip_image002.png">
</v:imagedata></v:shape></span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Gambar 4.</span></b><b><span color="windowtext" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%; mso-ansi-language: EN-US;">2</span></b><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p></o:p></span></b></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Grafik Histogram<span style="mso-no-proof: yes;"><o:p></o:p></span></span></b></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-fareast-language: IN; mso-no-proof: yes;"><v:shape id="Picture_x0020_17" o:spid="_x0000_i1028" style="height: 195pt; mso-wrap-style: square; visibility: visible; width: 385.8pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/HARISA~1.ARR/AppData/Local/Temp/msohtmlclip1/01/clip_image003.png">
</v:imagedata></v:shape></span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Berdasarkan grafik histogram pada gambar
4.2 hasil data observasi adalah data yang digunakan di penelitian ini
berdistribusi normal, dilihat dari kenaikan atau penurunan data yang mendekati
garis melengkung dan tidak melenceng ke kanan atau ke kiri.<o:p></o:p></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><a name="_Toc74579001"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></a></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Gambar </span></b></span><!--[if supportFields]><span
style='mso-bookmark:_Toc74579001'></span><span style='mso-element:field-begin'></span><span
style='mso-bookmark:_Toc74579001'><b><span lang=IN style='font-size:12.0pt;
line-height:200%;font-family:"Times New Roman",serif;color:windowtext;
font-style:normal'><span style='mso-spacerun:yes'> </span>SEQ Gambar \* ARABIC <span
style='mso-element:field-separator'></span></span></b></span><![endif]--><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><span style="mso-no-proof: yes;">4</span></span></b></span><!--[if supportFields]><span
style='mso-bookmark:_Toc74579001'></span><span style='mso-element:field-end'></span><![endif]--><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">.2 <o:p></o:p></span></b></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579001;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Grafik P-P-Plot</span></b></span><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%; mso-no-proof: yes;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-fareast-language: IN; mso-no-proof: yes;"><v:shape id="Picture_x0020_5" o:spid="_x0000_i1027" style="height: 210.6pt; mso-wrap-style: square; visibility: visible; width: 390pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/HARISA~1.ARR/AppData/Local/Temp/msohtmlclip1/01/clip_image004.png">
</v:imagedata></v:shape></span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; margin-left: 1.0in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 1in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber</span><span lang="IN" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-US;"> </span><span lang="IN" style="font-family: "Times New Roman",serif;">: Data sekunder yang diolah
dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoCaption" style="line-height: 200%; margin-bottom: 0in;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Gambar </span></b><!--[if supportFields]><b><span lang=IN
style='font-size:12.0pt;line-height:200%;font-family:"Times New Roman",serif;
color:windowtext;font-style:normal'><span style='mso-element:field-begin'></span><span
style='mso-spacerun:yes'> </span>SEQ Gambar \* ARABIC <span style='mso-element:
field-separator'></span></span></b><![endif]--><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><span style="mso-no-proof: yes;">4</span></span></b><!--[if supportFields]><b><span
lang=IN style='font-size:12.0pt;line-height:200%;font-family:"Times New Roman",serif;
color:windowtext;font-style:normal'><span style='mso-element:field-end'></span></span></b><![endif]--><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">.2 <o:p></o:p></span></b></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Grafik P-P-Plot<span style="mso-no-proof: yes;"><o:p></o:p></span></span></b></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; mso-fareast-language: IN; mso-no-proof: yes;"><v:shape id="Picture_x0020_18" o:spid="_x0000_i1026" style="height: 190.8pt; mso-wrap-style: square; visibility: visible; width: 372.6pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/HARISA~1.ARR/AppData/Local/Temp/msohtmlclip1/01/clip_image005.png">
</v:imagedata></v:shape></span><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; margin-left: 1.0in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 1in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber</span><span lang="IN" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-US;"> </span><span lang="IN" style="font-family: "Times New Roman",serif;">: Data sekunder yang diolah
dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Pengujian normalitas juga dapat
menggunakan grafik<i> normal probability plot</i> dengan cara melihat
distribusi atau penyebaran data yang berupa titik-titik pada sumbu diagonal.
Regresi memenuhi asumsi normal jika terdapat penyebaran data yang berupa
titik-titik disekitar garis diagonal dan mengikuti arah garis diagonal. Dapat
dilihat dari hasil grafik pada gambar 4.2 bahwa terdapat penyebaran titik-titik
di sekitar garis diagonal dan mengikuti arah garis diagonal, maka data
observasi dalam model regresi penelitian ini berdistribusi secara normal.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="IN"><o:p> </o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.4<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-bidi-font-style: italic;">Hasil Uji Kolmogorov-Smirnov<o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="IN"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: 63.8pt; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 395px;">
<tbody><tr style="break-inside: avoid; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="3" style="background: white; border: none; padding: 0in; width: 296.2pt;" width="395">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">One-Sample
Kolmogorov-Smirnov Test</span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 1; page-break-inside: avoid;">
<td colspan="2" style="background: white; border-bottom: solid #152935 1.0pt; border: none; padding: 0in; width: 222.45pt;" valign="bottom" width="297">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; padding: 0in; width: 73.75pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Unstandardized
Residual<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 2; page-break-inside: avoid;">
<td colspan="2" style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 222.45pt;" valign="top" width="297">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">N<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">45<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 3; page-break-inside: avoid;">
<td rowspan="2" style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 150.2pt;" valign="top" width="200">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Normal Parameters<sup>a,b</sup><o:p></o:p></span></p>
</td>
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 72.25pt;" valign="top" width="96">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Mean<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,0000000<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 4; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 72.25pt;" valign="top" width="96">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std. Deviation<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">5,14849393<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 5; page-break-inside: avoid;">
<td rowspan="3" style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 150.2pt;" valign="top" width="200">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Most Extreme Differences<o:p></o:p></span></p>
</td>
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 72.25pt;" valign="top" width="96">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Absolute<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,311<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 6; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 72.25pt;" valign="top" width="96">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Positive<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,311<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 7; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 72.25pt;" valign="top" width="96">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Negative<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,308<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 8; page-break-inside: avoid;">
<td colspan="2" style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 222.45pt;" valign="top" width="297">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Test Statistic<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,311<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 9; page-break-inside: avoid;">
<td colspan="2" style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 222.45pt;" valign="top" width="297">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Asymp. Sig. (2-tailed)<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,000<sup>c</sup><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 10; page-break-inside: avoid;">
<td colspan="3" style="background: white; border: none; padding: 0in; width: 296.2pt;" valign="top" width="395">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Test distribution is Normal.<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 11; page-break-inside: avoid;">
<td colspan="3" style="background: white; border: none; padding: 0in; width: 296.2pt;" valign="top" width="395">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">b. Calculated from data.<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 12; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="3" style="background: white; border: none; padding: 0in; width: 296.2pt;" valign="top" width="395">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">c. Lilliefors Significance Correction.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;"><o:p> </o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; margin-left: 1.0in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 1in; mso-layout-grid-align: none; text-align: justify; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber: Data sekunder yang diolah dengan SPSS 25 pada
tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Berdasarkan tabel 4.4 hasil dari uji
Kolmogorov-Smirnov menunjukan nilai sebesar 0,311 dengan tingkat signifikansi
sebesar 0,000 yang berarti data residual terdistribusi secara normal karena
tingkat signifikansi lebih besar dari 0,05. Hasil uji Kolmogorov-Smirnov
memperkuat hasil uji normalitas menggunakan grafik histogram dan grafik P-P
Plot, dimana ketiganya memperlihatkan hasil data yang berdistribusi secara
normal<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<h3 style="line-height: 200%; margin-left: 0.75in; mso-list: l30 level3 lfo8; text-align: justify; text-indent: -0.5in;"><a name="_Toc76199579"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.5.2<span style="font: 7pt "Times New Roman";">
</span></span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Hasil Uji Multikolinieritas</span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h3>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Tujuan uji
multikolonieritas yaitu melakukan pengujian apakah terdapat hubungan atau
korelasi antar variabel bebas di dalam model regresi. Model regresi yang baik
yaitu masing-masing variabel bebas tidak saling berkorelasi. Dalam penelitian
ini multikolonieritas diuji dengan cara melihat nilai <i style="mso-bidi-font-style: normal;">tolerance</i> dan <i style="mso-bidi-font-style: normal;">variance
inflation factor </i>(VIF). Model regresi akan terbebas dari multikolonieritas
jika nilai <i style="mso-bidi-font-style: normal;">tolerance</i> menujukan nilai
diatas 0,1 dan nilai VIF dibawah 10.<o:p></o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><a name="_Toc74578886"></a><a name="_Toc74578800"><span style="mso-bookmark: _Toc74578886;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.6 <o:p></o:p></span></b></span></a></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><span style="mso-bookmark: _Toc74578800;"><span style="mso-bookmark: _Toc74578886;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji Multikolinieritas</span></b></span></span><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p></o:p></span></b></p>
<table align="left" border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: 6.75pt; margin-right: 6.75pt; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-anchor-horizontal: margin; mso-table-anchor-vertical: paragraph; mso-table-layout-alt: fixed; mso-table-left: center; mso-table-lspace: 9.0pt; mso-table-rspace: 9.0pt; mso-table-top: 8.15pt; width: 598px;">
<tbody><tr style="break-inside: avoid; height: 17.3pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="9" style="background: white; border: none; height: 17.3pt; padding: 0in; width: 448.3pt;" width="598">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">Coefficients<sup>a</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 35.4pt; mso-yfti-irow: 1; page-break-inside: avoid;">
<td colspan="2" rowspan="2" style="background: white; border: none; height: 35.4pt; padding: 0in; width: 92.05pt;" valign="bottom" width="123">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td colspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; height: 35.4pt; padding: 0in; width: 113.6pt;" valign="bottom" width="151">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Unstandardized
Coefficients<o:p></o:p></span></p>
</td>
<td style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; height: 35.4pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 62.7pt;" valign="bottom" width="84">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Standardized
Coefficients<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; height: 35.4pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 34.85pt;" valign="bottom" width="46">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">t<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; height: 35.4pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 40.75pt;" valign="bottom" width="54">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Sig.<o:p></o:p></span></p>
</td>
<td colspan="2" style="background: white; border: none; height: 35.4pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 104.2pt;" valign="bottom" width="139">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Collinearity
Statistics<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 17.3pt; mso-yfti-irow: 2; page-break-inside: avoid;">
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 17.3pt; padding: 0in; width: 56.75pt;" valign="bottom" width="76">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">B<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 17.3pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 56.85pt;" valign="bottom" width="76">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std.
Error<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 17.3pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 62.7pt;" valign="bottom" width="84">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Beta<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 17.3pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 40.75pt;" valign="bottom" width="54">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Tolerance<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; height: 17.3pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 63.4pt;" valign="bottom" width="85">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">VIF<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 18.05pt; mso-yfti-irow: 3; page-break-inside: avoid;">
<td rowspan="3" style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); height: 18.05pt; padding: 0in; width: 31.25pt;" valign="top" width="42">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); height: 18.05pt; padding: 0in; width: 60.75pt;" valign="top" width="81">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">(Constant)<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.05pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 56.75pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,065<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 56.85pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">10,555<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 62.7pt;" width="84">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: 1pt solid rgb(21, 41, 53); height: 18.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 34.85pt;" valign="top" width="46">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,006<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: 1pt solid rgb(21, 41, 53); height: 18.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 40.75pt;" valign="top" width="54">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,995<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 40.75pt;" width="54">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; height: 18.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 63.4pt;" width="85">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 18.9pt; mso-yfti-irow: 4; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; height: 18.9pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 60.75pt;" valign="top" width="81">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">ETR<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.9pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.75pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,956<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.9pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.85pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,311<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.9pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 62.7pt;" valign="top" width="84">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,112<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.9pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 34.85pt;" valign="top" width="46">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,729<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.9pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 40.75pt;" valign="top" width="54">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,470<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.9pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 40.75pt;" valign="top" width="54">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,996<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; height: 18.9pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 63.4pt;" valign="top" width="85">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,004<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 18.05pt; mso-yfti-irow: 5; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; height: 18.05pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 60.75pt;" valign="top" width="81">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Transparansi<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.05pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.75pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,889<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 56.85pt;" valign="top" width="76">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">5,333<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 62.7pt;" valign="top" width="84">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,054<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 34.85pt;" valign="top" width="46">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,354<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 40.75pt;" valign="top" width="54">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,725<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 18.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 40.75pt;" valign="top" width="54">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,996<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; height: 18.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 63.4pt;" valign="top" width="85">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,004<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 18.05pt; mso-yfti-irow: 6; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="9" style="background: white; border: none; height: 18.05pt; padding: 0in; width: 448.3pt;" valign="top" width="598">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: center; mso-element-top: 8.15pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a.
Dependent Variable: TOBIN'S Q<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 0.5in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber: Data sekunder yang diolah
dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 0.5in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 0.5in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; margin-left: .5in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 0.5in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.6 <o:p></o:p></span></b></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji Multikolinieritas<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 585px;">
<tbody><tr style="break-inside: avoid; height: 16.15pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="9" style="background: white; border: none; height: 16.15pt; padding: 0in; width: 438.45pt;" width="585">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">Coefficients<sup>a</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 33.15pt; mso-yfti-irow: 1; page-break-inside: avoid;">
<td colspan="2" rowspan="2" style="background: white; border: none; height: 33.15pt; padding: 0in; width: 90.05pt;" valign="bottom" width="120">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td colspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; height: 33.15pt; padding: 0in; width: 111.2pt;" valign="bottom" width="148">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Unstandardized
Coefficients<o:p></o:p></span></p>
</td>
<td style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; height: 33.15pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 61.35pt;" valign="bottom" width="82">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Standardized
Coefficients<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; height: 33.15pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 42.8pt;" valign="bottom" width="57">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">t<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; height: 33.15pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 42.8pt;" valign="bottom" width="57">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Sig.<o:p></o:p></span></p>
</td>
<td colspan="2" style="background: white; border: none; height: 33.15pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 90.05pt;" valign="bottom" width="120">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Collinearity
Statistics<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 16.15pt; mso-yfti-irow: 2; page-break-inside: avoid;">
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.15pt; padding: 0in; width: 55.6pt;" valign="bottom" width="74">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">B<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.15pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 55.6pt;" valign="bottom" width="74">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std.
Error<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.15pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 61.35pt;" valign="bottom" width="82">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Beta<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.15pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 47.25pt;" valign="bottom" width="63">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Tolerance<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; height: 16.15pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 42.8pt;" valign="bottom" width="57">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">VIF<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 16.95pt; mso-yfti-irow: 3; page-break-inside: avoid;">
<td rowspan="3" style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); height: 16.95pt; padding: 0in; width: 30.65pt;" valign="top" width="41">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); height: 16.95pt; padding: 0in; width: 59.4pt;" valign="top" width="79">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">(Constant)<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.95pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 55.6pt;" valign="top" width="74">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,121<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.95pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 55.6pt;" valign="top" width="74">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,191<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.95pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 61.35pt;" width="82">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: 1pt solid rgb(21, 41, 53); height: 16.95pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 42.8pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,632<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: 1pt solid rgb(21, 41, 53); height: 16.95pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 42.8pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,531<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.95pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 47.25pt;" width="63">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; height: 16.95pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 42.8pt;" width="57">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 17.7pt; mso-yfti-irow: 4; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; height: 17.7pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 59.4pt;" valign="top" width="79">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">ETR<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 17.7pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 55.6pt;" valign="top" width="74">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,046<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 17.7pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 55.6pt;" valign="top" width="74">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,024<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 17.7pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 61.35pt;" valign="top" width="82">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,287<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 17.7pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 42.8pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-1,942<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 17.7pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 42.8pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,059<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 17.7pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 47.25pt;" valign="top" width="63">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,996<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; height: 17.7pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 42.8pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,004<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 16.95pt; mso-yfti-irow: 5; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; height: 16.95pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 59.4pt;" valign="top" width="79">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Transparansi<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.95pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 55.6pt;" valign="top" width="74">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,035<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.95pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 55.6pt;" valign="top" width="74">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,097<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.95pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 61.35pt;" valign="top" width="82">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,054<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.95pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 42.8pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,364<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.95pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 42.8pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,718<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.95pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 47.25pt;" valign="top" width="63">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,996<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; height: 16.95pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 42.8pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,004<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 16.95pt; mso-yfti-irow: 6; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="9" style="background: white; border: none; height: 16.95pt; padding: 0in; width: 438.45pt;" valign="top" width="585">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Dependent Variable: OETS<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Berdasarkan uji
multikolinieritas pada tabel 4.7 nilai <i>tolerance</i> variabel akuntansi
konservatisme dan variabel kualitas laba adalah sebesar 0,996 > 0,1 yang
artinya tidak terjadi korelasi antar variabel independen. Nilai VIF kedua
variabel akuntansi konservatisme dan variabel kualitas laba adalah sebesar
1,004 < 10 yang artinya model regresi terbebas dari multikolonieritas antar
variabel.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<h3 style="line-height: 200%; margin-left: 0.75in; mso-list: l30 level3 lfo8; text-align: justify; text-indent: -0.5in;"><a name="_Toc76199580"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.5.3<span style="font: 7pt "Times New Roman";">
</span></span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Hasil Uji Heteroskesiditas</span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h3>
<p class="MsoNormal" style="line-height: 200%; text-indent: 0.5in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Uji heteroskedastisitas adalah uji yang menilai apakah ada ketidaksamaan
varian dari residual untuk semua pengamatan pada model regeresi linear. Pada
tabel diatas terlihat bahwa untuk ETR 0,496 dan DISC 0,789 dan ETR dengan DISC
0,389<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><a name="_Toc74579002"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></a></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579002;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Gambar 4.3 <o:p></o:p></span></b></span></p>
<p align="center" class="MsoCaption" style="line-height: 200%; margin-bottom: 0in; text-align: center;"><span style="mso-bookmark: _Toc74579002;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Grafik Scatterplot</span></b></span><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%; mso-no-proof: yes;"><o:p></o:p></span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-fareast-font-family: Calibri; mso-fareast-language: IN; mso-no-proof: yes;"><v:shape id="Picture_x0020_22" o:spid="_x0000_i1025" style="height: 171.6pt; mso-wrap-style: square; visibility: visible; width: 309.6pt;" type="#_x0000_t75">
<v:imagedata o:title="" src="file:///C:/Users/HARISA~1.ARR/AppData/Local/Temp/msohtmlclip1/01/clip_image006.png">
</v:imagedata></v:shape></span><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 107%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; margin-left: 1.0in; margin-right: 0in; margin-top: 0in; margin: 0in 0in 0in 1in; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber: Data sekunder yang diolah
dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Hasil dari gambar 4.3 memperlihatkan
penyebaran titik-titik yang tidak beraturan, tidak terdapat bentuk pola-pola
tertentu, dan pada sumbu Y, titik-titik berada di bawah ataupun di atas angka
nol. Artinya data observasi penelitian ini tidak mengalami heteroskedastisitas
pada model regresi sehingga layak untuk digunakan.<o:p></o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><a name="_Toc74578885"></a><a name="_Toc74578799"><span style="mso-bookmark: _Toc74578885;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.5 <o:p></o:p></span></b></span></a></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><span style="mso-bookmark: _Toc74578799;"><span style="mso-bookmark: _Toc74578885;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji Gletser</span></b></span></span><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p></o:p></span></b></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: 57.25pt; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 450px;">
<tbody><tr style="break-inside: avoid; height: 14.65pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; height: 14.65pt; padding: 0in; width: 337.45pt;" width="450">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">Coefficients<sup>a</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 30.05pt; mso-yfti-irow: 1; page-break-inside: avoid;">
<td colspan="2" rowspan="2" style="background: white; border: none; height: 30.05pt; padding: 0in; width: 79.65pt;" valign="bottom" width="106">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td colspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; height: 30.05pt; padding: 0in; width: 111pt;" valign="bottom" width="148">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Unstandardized
Coefficients<o:p></o:p></span></p>
</td>
<td style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; height: 30.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 61.25pt;" valign="bottom" width="82">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Standardized
Coefficients<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; height: 30.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 42.7pt;" valign="bottom" width="57">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">t<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border: none; height: 30.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 42.85pt;" valign="bottom" width="57">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Sig.<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 14.65pt; mso-yfti-irow: 2; page-break-inside: avoid;">
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 14.65pt; padding: 0in; width: 55.5pt;" valign="bottom" width="74">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">B<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 14.65pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 55.5pt;" valign="bottom" width="74">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std.
Error<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 14.65pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 61.25pt;" valign="bottom" width="82">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Beta<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 15.35pt; mso-yfti-irow: 3; page-break-inside: avoid;">
<td rowspan="3" style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); height: 15.35pt; padding: 0in; width: 30.5pt;" valign="top" width="41">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); height: 15.35pt; padding: 0in; width: 49.15pt;" valign="top" width="66">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">(Constant)<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 15.35pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 55.5pt;" valign="top" width="74">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,501<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 15.35pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 55.5pt;" valign="top" width="74">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">8,396<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 15.35pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 61.25pt;" width="82">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: 1pt solid rgb(21, 41, 53); height: 15.35pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 42.7pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,060<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); height: 15.35pt; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 42.85pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,953<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 16.05pt; mso-yfti-irow: 4; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; height: 16.05pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 49.15pt;" valign="top" width="66">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">ETR<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.05pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 55.5pt;" valign="top" width="74">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,584<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 55.5pt;" valign="top" width="74">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,043<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 61.25pt;" valign="top" width="82">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,086<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 16.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 42.7pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,560<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; height: 16.05pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 42.85pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,579<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 15.35pt; mso-yfti-irow: 5; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; height: 15.35pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 49.15pt;" valign="top" width="66">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">LK<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 15.35pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 55.5pt;" valign="top" width="74">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,414<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 15.35pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 55.5pt;" valign="top" width="74">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">4,242<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 15.35pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 61.25pt;" valign="top" width="82">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,051<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; height: 15.35pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 42.7pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,333<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; height: 15.35pt; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 42.85pt;" valign="top" width="57">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,741<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; height: 15.35pt; mso-yfti-irow: 6; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; height: 15.35pt; padding: 0in; width: 337.45pt;" valign="top" width="450">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Dependent Variable: Abs_Res<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Hasil uji Gletser yang
tertera pada tabel 4.6 menunjukan tingkat signifikansi variabel akuntansi
konservatisme sebesar 0,868 dan variabel kualitas laba sebesar 0,576 yang
artinya tidak terjadi heteroskedastisitas karena keduanya sudah lebih besar
dari alfa 0,05. Artinya model regresi tersebut layak untuk digunakan.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="IN"><o:p> </o:p></span></p>
<h3 style="line-height: 200%; margin-left: 0.75in; mso-list: l30 level3 lfo8; text-align: justify; text-indent: -0.5in;"><a name="_Toc76199581"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">1.5.4<span style="font: 7pt "Times New Roman";">
</span></span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Hasil Uji Autokorelasi</span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h3>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; mso-pagination: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Tujuan uji autokorelasi yaitu
melakukan pengujian apakah terdapat korelasi antara <i>error</i> penganggu pada
periode ini (t) dengan <i>error</i> pada periode sebelumnya (t-1) dalam model
regresi linier. Autokorelasi terjadi jika terdapat korelasi. Model regresi dapat
dikatakan baik saat regresi tidak mengalami atau terbebas dari autokorelasi
(Ghozali, 2016). Uji autokorelasi dapat dilakukan dengan menggunakan penilaian
Durbin Watson yang membandingkan hasil nilai uji Durbin Watson dengan tabel
Durbin Watson. Berikut adalah ketentuan uji Durbin Watson:<o:p></o:p></span></p>
<ol start="1" style="margin-top: 0in;" type="1">
<li class="MsoNormalCxSpMiddle" style="line-height: 200%; mso-layout-grid-align: none; mso-list: l33 level1 lfo44; mso-pagination: none; text-align: justify; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Bila d < dL, maka terdapat
autokorelasi yang positif.<o:p></o:p></span></li>
<li class="MsoNormalCxSpMiddle" style="line-height: 200%; mso-layout-grid-align: none; mso-list: l33 level1 lfo44; mso-pagination: none; text-align: justify; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Bila dL ≤ d ≤ dU, maka tidak
dapat di ambil kesimpulan apapun.<o:p></o:p></span></li>
<li class="MsoNormalCxSpMiddle" style="line-height: 200%; mso-layout-grid-align: none; mso-list: l33 level1 lfo44; mso-pagination: none; text-align: justify; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Bila dU ≤ d ≤ 4-dU, maka tidak
terdapat autokorelasi.<o:p></o:p></span></li>
<li class="MsoNormalCxSpMiddle" style="line-height: 200%; mso-layout-grid-align: none; mso-list: l33 level1 lfo44; mso-pagination: none; text-align: justify; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Bila 4-dU ≤ d ≤ 4-dL, maka tidak
dapat di ambil kesimpulan apapun.<o:p></o:p></span></li>
<li class="MsoNormalCxSpMiddle" style="line-height: 200%; mso-layout-grid-align: none; mso-list: l33 level1 lfo44; mso-pagination: none; text-align: justify; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Bila d > 4-dL, maka terdapat
autokorelasi yang negatif.<o:p></o:p></span></li>
</ol>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Berikut adalah hasil dari
uji autokorelasi penelitian ini dengan menggunakan penilaian Durbin Watson:<o:p></o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><a name="_Toc74578887"></a><a name="_Toc74578801"><span style="mso-bookmark: _Toc74578887;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.7 <o:p></o:p></span></b></span></a></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><span style="mso-bookmark: _Toc74578801;"><span style="mso-bookmark: _Toc74578887;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji Durbin Watson</span></b></span></span><span style="mso-bookmark: _Toc74578887;"></span><span style="mso-bookmark: _Toc74578801;"></span><b><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 490px;">
<tbody><tr style="break-inside: avoid; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="6" style="background: white; border: none; padding: 0in; width: 367.4pt;" width="490">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">Model Summary<sup>b</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 1; page-break-inside: avoid;">
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; padding: 0in; width: 39.9pt;" valign="bottom" width="53">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; padding: 0in; width: 51.5pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">R<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 54.6pt;" valign="bottom" width="73">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">R
Square<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.8pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Adjusted
R Square<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.8pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std.
Error of the Estimate<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.8pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Durbin-Watson<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 2; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 39.9pt;" valign="top" width="53">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,121<sup>a</sup><o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 54.6pt;" valign="top" width="73">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,015<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,032<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">5,26180<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,466<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 3; page-break-inside: avoid;">
<td colspan="6" style="background: white; border: none; padding: 0in; width: 367.4pt;" valign="top" width="490">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Predictors: (Constant), Transparansi,
ETR<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 4; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="6" style="background: white; border: none; padding: 0in; width: 367.4pt;" valign="top" width="490">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">b. Dependent Variable: TOBIN'S Q<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.7 <o:p></o:p></span></b></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji Durbin Watson</span></b><b><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 490px;">
<tbody><tr style="break-inside: avoid; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="6" style="background: white; border: none; padding: 0in; width: 5.1in;" width="490">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">Model Summary<sup>b</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 1; page-break-inside: avoid;">
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; padding: 0in; width: 39.95pt;" valign="bottom" width="53">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; padding: 0in; width: 51.45pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">R<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 54.55pt;" valign="bottom" width="73">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">R
Square<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.75pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Adjusted
R Square<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.75pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std.
Error of the Estimate<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.75pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Durbin-Watson<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 2; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 39.95pt;" valign="top" width="53">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,289<sup>a</sup><o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 54.55pt;" valign="top" width="73">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,083<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,040<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,09532<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,544<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 3; page-break-inside: avoid;">
<td colspan="6" style="background: white; border: none; padding: 0in; width: 5.1in;" valign="top" width="490">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Predictors: (Constant), Transparansi,
ETR<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 4; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="6" style="background: white; border: none; padding: 0in; width: 5.1in;" valign="top" width="490">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">b. Dependent Variable: OETS<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Tabel 4.7 menunjukan
hasil uji autokorelasi yang dilihat dari nilai Durbin Watson sebesar 0,466</span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;"> dan 0,544</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">. Nilai batas atas (du)
yaitu 1,7415 yang didapat dari tabel Durbin Watson dengan tingkat signifikansi
0,05, jumlah sampel yaitu 45 sampel, dan jumlah variabel independen yaitu 2
variabel (k=2). Nilai ketentuan 4-du yaitu 2,2585. Sehingga jika diterangkan
dalam ketentuan d > 4-dL maka menjadi 1,7415 > 0,466 - 2,2585</span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;"> dan </span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">1,7415 > 0,544 -
2,2585, yang artinya terdapat autokorelasi negatif pada data penelitian ini.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<h2 style="line-height: 200%; margin-left: 0.25in; mso-list: l22 level1 lfo6; text-indent: -0.25in;"><a name="_Toc76199582"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.6.</span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"> </span></b></a><span style="mso-bookmark: _Toc76199582;"><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Analisis
Regresi Linier Sederhana</span></b></span><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h2>
<p class="MsoNormal" style="line-height: 200%; text-align: justify; text-indent: 0.5in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;">Analisis regresi secara sederhana merupakan metode pendekatan untuk
hubungan antara satu variabel dependen dengan variabel independent, hubungan
antara variabel bersifat linier, dimana perubahan pada variabel X akan diikuti
oleh varibael Y. Pada penelitian ini adanya perubahan penghindaran pajak
melalui ETR akan mempengaruhi nilai perusahaan serta biaya agensi nya.
Statistik untuk menguji hipotesis dalam penelitian ini menggunakan regresi
linier sederhana sebagai berikut :<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify; text-indent: 0.5in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-bidi-font-weight: bold; mso-fareast-font-family: Calibri;"><o:p> </o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><a name="_Toc74578888"></a><a name="_Toc74578802"><span style="mso-bookmark: _Toc74578888;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.8 <o:p></o:p></span></b></span></a></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><span style="mso-bookmark: _Toc74578802;"><span style="mso-bookmark: _Toc74578888;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji Regresi Linier Berganda</span></b></span></span><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 559px;">
<tbody><tr style="break-inside: avoid; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 418.9pt;" width="559">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">Coefficients<sup>a</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 1; page-break-inside: avoid;">
<td colspan="2" rowspan="2" style="background: white; border: none; padding: 0in; width: 108.3pt;" valign="bottom" width="144">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td colspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; padding: 0in; width: 133.8pt;" valign="bottom" width="178">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Unstandardized
Coefficients<o:p></o:p></span></p>
</td>
<td style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.8pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Standardized
Coefficients<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.5pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">t<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.5pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Sig.<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 2; page-break-inside: avoid;">
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; padding: 0in; width: 66.9pt;" valign="bottom" width="89">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">B<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 66.9pt;" valign="bottom" width="89">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std.
Error<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.8pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Beta<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 3; page-break-inside: avoid;">
<td rowspan="3" style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); padding: 0in; width: 36.8pt;" valign="top" width="49">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); padding: 0in; width: 71.5pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">(Constant)<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 66.9pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,065<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 66.9pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">10,555<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.8pt;" width="98">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: 1pt solid rgb(21, 41, 53); mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,006<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,995<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 4; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 71.5pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">ETR<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.9pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,956<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.9pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,311<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,112<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,729<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,470<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 5; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 71.5pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Transparansi<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.9pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,889<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.9pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">5,333<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,054<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,354<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,725<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 6; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 418.9pt;" valign="top" width="559">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Dependent Variable: TOBIN'S Q<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.8 <o:p></o:p></span></b></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji Regresi Linier Berganda<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 559px;">
<tbody><tr style="break-inside: avoid; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 418.65pt;" width="558">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">Coefficients<sup>a</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 1; page-break-inside: avoid;">
<td colspan="2" rowspan="2" style="background: white; border: none; padding: 0in; width: 108.3pt;" valign="bottom" width="144">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td colspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; padding: 0in; width: 133.7pt;" valign="bottom" width="178">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Unstandardized
Coefficients<o:p></o:p></span></p>
</td>
<td style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.75pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Standardized
Coefficients<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.45pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">t<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.45pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Sig.<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 2; page-break-inside: avoid;">
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; padding: 0in; width: 66.85pt;" valign="bottom" width="89">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">B<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 66.85pt;" valign="bottom" width="89">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std.
Error<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.75pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Beta<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 3; page-break-inside: avoid;">
<td rowspan="3" style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); padding: 0in; width: 36.85pt;" valign="top" width="49">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); padding: 0in; width: 71.45pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">(Constant)<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,121<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,191<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.75pt;" width="98">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: 1pt solid rgb(21, 41, 53); mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,632<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,531<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 4; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 71.45pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">ETR<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,046<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,024<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,287<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-1,942<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,059<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 5; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 71.45pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Transparansi<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,035<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,097<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,054<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,364<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,718<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 6; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 418.65pt;" valign="top" width="558">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Dependent Variable: OETS<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Berdasarkan hasil perhitungan dari
tabel 4.8, maka dapat dibentuk persamaan sebagai berikut:<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Biaya agensi <span style="mso-spacerun: yes;"> </span>= -0,121 + </span></b><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">-</span></b><b style="mso-bidi-font-weight: normal;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">0,046
Penghindaran Pajak – 0,035 Tranparansi Informasi + e<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.25in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Persamaan regresi
tersebut dapat diinterprestasikan sebagai berikut</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;"> </span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">:<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpFirst" style="line-height: 200%; margin-bottom: 0in; mso-add-space: auto; mso-list: l8 level1 lfo45; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">a.<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Konstanta sebesar 0,121
artinya jika variabel independen sebesar 0, maka besarnya nilai perusahaan
adalah sebesar 0,121.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="line-height: 200%; margin-bottom: 0in; mso-add-space: auto; mso-list: l8 level1 lfo45; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">b.<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Koefisien
regresi penghindaran pajak sebesar </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">-</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">0,04</span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">6</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"> artinya setiap terjadi kenaikan
penghindaran pajak sebesar 1% atau 0,01, maka relevansi nilai laporan keuangan
akan meningkat sebesar 0,046.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="line-height: 200%; margin-bottom: 0in; mso-add-space: auto; mso-list: l8 level1 lfo45; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">c.<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Koefisien
regresi tranparansi informasi dalam memoderasi pengaruh penghindaran pajak terhadap
biaya agensi ditunjukkan dengan nilai koefisisen dari ModerasiXZ sebesar 0,035
yang artinya apabila penghindaran pajak mengalami kenaikan sebesar 1% atau
0,01, maka nilai dari biaya agensi akan menurun sebesar 0,035.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="line-height: 200%; margin-bottom: 0in; mso-add-space: auto; text-align: justify;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-bidi-font-size: 11.0pt;">Uji
Selisih Nilai Mutlak<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-bidi-font-size: 11.0pt;">Uji
Regresi Secara Simultan (Uji F)<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Uji F merupakan pengujian
untuk melihat apakah secara simultan (bersama-sama) seluruh variabel bebas
mempunyai pengaruh terhadap variabel terikat. Jika tingkat signifikansi <
alfa 0,05, maka model regresi yang digunakan dalam penelitian ini layak untuk
digunakan, sebaliknya jika tingkat signifikansi > alfa 0,05, maka model
regresi yang digunakan tidak layak. Jika nilai F-hitung > F-tabel, maka H1
diterima dan H0 ditolak, sedangkan jika nilai F-hitung < F-tabel, maka H1
ditolak dan H0 diterima. Berikut adalah hasil uji F penelitian ini:<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><a name="_Toc74578889"></a><a name="_Toc74578803"><span style="mso-bookmark: _Toc74578889;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.9 <o:p></o:p></span></b></span></a></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><span style="mso-bookmark: _Toc74578803;"><span style="mso-bookmark: _Toc74578889;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji F</span></b></span></span><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: 21.3pt; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 501px;">
<tbody><tr style="break-inside: avoid; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 375.6pt;" width="501">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">ANOVA<sup>a</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 1; page-break-inside: avoid;">
<td colspan="2" style="background: white; border-bottom: solid #152935 1.0pt; border: none; padding: 0in; width: 80.1pt;" valign="bottom" width="107">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; padding: 0in; width: 73.8pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Sum
of Squares<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.5pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">df<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 70.75pt;" valign="bottom" width="94">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Mean
Square<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.5pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">F<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 47.95pt;" valign="bottom" width="64">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Sig.<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 2; page-break-inside: avoid;">
<td rowspan="3" style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 15.5pt;" valign="top" width="21">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 64.6pt;" valign="top" width="86">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Regression<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">17,329<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">2<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 70.75pt;" valign="top" width="94">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">8,665<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,313<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 47.95pt;" valign="top" width="64">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,733<sup>b</sup><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 3; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 64.6pt;" valign="top" width="86">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Residual<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1162,834<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">42<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 70.75pt;" valign="top" width="94">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">27,687<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.5pt;" width="69">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 47.95pt;" width="64">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 4; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 64.6pt;" valign="top" width="86">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Total<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1180,163<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">44<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 70.75pt;" width="94">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.5pt;" width="69">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 47.95pt;" width="64">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 5; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 375.6pt;" valign="top" width="501">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Dependent Variable: TOBIN'S Q<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 6; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 375.6pt;" valign="top" width="501">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">b. Predictors: (Constant), Transparansi,
ETR<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Berdasarkan tabel 4.9,
hasil uji F menunjukan tingkat signifikansi 0,733 < alfa 0,05, artinya model
regresi layak diteliti untuk menjelaskan pengaruh nilai perusahaan terhadap
penghindaran pajak, serta transparansi informasi sebagai variabel moderasi.
Nilai F-hitung 3,445 > F-tabel 3,07 maka H1 diterima dan H0 ditolak, yang
artinya dan interaksi antara nilai perusahaan dan transparansi informasi secara
bersama-sama berpengaruh signifikan terhadap beta.<o:p></o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.9 <o:p></o:p></span></b></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji F<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: 21.3pt; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 501px;">
<tbody><tr style="break-inside: avoid; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 375.6pt;" width="501">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">ANOVA<sup>a</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 1; page-break-inside: avoid;">
<td colspan="2" style="background: white; border-bottom: solid #152935 1.0pt; border: none; padding: 0in; width: 80.1pt;" valign="bottom" width="107">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; padding: 0in; width: 73.8pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Sum
of Squares<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.5pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">df<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 70.75pt;" valign="bottom" width="94">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Mean
Square<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.5pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">F<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 47.95pt;" valign="bottom" width="64">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Sig.<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 2; page-break-inside: avoid;">
<td rowspan="3" style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 15.5pt;" valign="top" width="21">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 64.6pt;" valign="top" width="86">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Regression<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,035<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">2<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 70.75pt;" valign="top" width="94">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,017<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,913<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 47.95pt;" valign="top" width="64">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,160<sup>b</sup><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 3; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 64.6pt;" valign="top" width="86">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Residual<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,382<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">42<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 70.75pt;" valign="top" width="94">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,009<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.5pt;" width="69">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 47.95pt;" width="64">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 4; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 64.6pt;" valign="top" width="86">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Total<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,416<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">44<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 70.75pt;" width="94">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.5pt;" width="69">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 47.95pt;" width="64">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 5; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 375.6pt;" valign="top" width="501">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Dependent Variable: OETS<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 6; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 375.6pt;" valign="top" width="501">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">b. Predictors: (Constant), Transparansi,
ETR<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">hasil
uji F menunjukan tingkat signifikansi 0,160 < alfa 0,05, artinya model
regresi layak diteliti untuk menjelaskan pengaruh biaya agensi terhadap
penghindaran pajak, serta transparansi informasi sebagai variabel moderasi.
Nilai F-hitung 3,445 > F-tabel 3,07 maka H1 diterima dan H0 ditolak, yang
artinya dan interaksi antara biaya agensi dan transparansi informasi secara
bersama-sama berpengaruh signifikan terhadap beta.</span><span lang="IN"><o:p></o:p></span></p>
<h4><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 107%; mso-bidi-font-size: 11.0pt; mso-bidi-font-style: italic;">Uji Regresi
Secara Parsial (Uji T)<o:p></o:p></span></b></h4>
<p class="MsoNormal"><span lang="IN"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Tujuan penggunaaan uji T adalah melakukan
pengujian hipotesis secara parsial untuk melihat pengaruh masing-masing variabel
bebas terhadap variabel terikat. Pada uji ini jika tingkat signifikansi <
alfa 0,05 atau jika T-hitung > T-tabel, artinya variabel bebas berpengaruh
signifikan terhadap variabel terikat. Sedangkan jika tingkat signifikansi >
alfa 0,05 atau jika T-hitung < T-tabel, artinya variabel bebas tidak
berpengaruh signifikan terhadap variabel terikat. Hasil perhitungan uji T dapat
dilihat sebagai berikut:<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="IN"><o:p> </o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><a name="_Toc74578890"></a><a name="_Toc74578804"><span style="mso-bookmark: _Toc74578890;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.10 <o:p></o:p></span></b></span></a></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><span style="mso-bookmark: _Toc74578804;"><span style="mso-bookmark: _Toc74578890;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji T</span></b></span></span><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 559px;">
<tbody><tr style="break-inside: avoid; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 418.65pt;" width="558">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">Coefficients<sup>a</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 1; page-break-inside: avoid;">
<td colspan="2" rowspan="2" style="background: white; border: none; padding: 0in; width: 108.3pt;" valign="bottom" width="144">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td colspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; padding: 0in; width: 133.7pt;" valign="bottom" width="178">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Unstandardized
Coefficients<o:p></o:p></span></p>
</td>
<td style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.75pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Standardized
Coefficients<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.45pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">t<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.45pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Sig.<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 2; page-break-inside: avoid;">
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; padding: 0in; width: 66.85pt;" valign="bottom" width="89">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">B<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 66.85pt;" valign="bottom" width="89">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std.
Error<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.75pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Beta<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 3; page-break-inside: avoid;">
<td rowspan="3" style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); padding: 0in; width: 36.85pt;" valign="top" width="49">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); padding: 0in; width: 71.45pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">(Constant)<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,065<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">10,555<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.75pt;" width="98">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: 1pt solid rgb(21, 41, 53); mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,006<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,995<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 4; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 71.45pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">ETR<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,956<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,311<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,112<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,729<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,470<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 5; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 71.45pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Transparansi<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">1,889<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">5,333<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,054<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,354<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,725<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 6; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 418.65pt;" valign="top" width="558">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Dependent Variable: TOBIN'S Q<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.10 <o:p></o:p></span></b></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji T<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 559px;">
<tbody><tr style="break-inside: avoid; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 418.65pt;" width="558">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">Coefficients<sup>a</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 1; page-break-inside: avoid;">
<td colspan="2" rowspan="2" style="background: white; border: none; padding: 0in; width: 108.3pt;" valign="bottom" width="144">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td colspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; padding: 0in; width: 133.7pt;" valign="bottom" width="178">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Unstandardized
Coefficients<o:p></o:p></span></p>
</td>
<td style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.75pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Standardized
Coefficients<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border-right: solid #E0E0E0 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.45pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">t<o:p></o:p></span></p>
</td>
<td rowspan="2" style="background: white; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.45pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Sig.<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 2; page-break-inside: avoid;">
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; padding: 0in; width: 66.85pt;" valign="bottom" width="89">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">B<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 66.85pt;" valign="bottom" width="89">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std.
Error<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.75pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Beta<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 3; page-break-inside: avoid;">
<td rowspan="3" style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); padding: 0in; width: 36.85pt;" valign="top" width="49">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: rgb(224, 224, 224); border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); padding: 0in; width: 71.45pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">(Constant)<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,121<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,191<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.75pt;" width="98">
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: 1pt solid rgb(21, 41, 53); mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,632<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: none; border-top: 1pt solid rgb(21, 41, 53); mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,531<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 4; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 71.45pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">ETR<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,046<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,024<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,287<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(174, 174, 174); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-1,942<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #AEAEAE 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,059<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 5; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 71.45pt;" valign="top" width="95">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Transparansi<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,035<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 66.85pt;" valign="top" width="89">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,097<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 73.75pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,054<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,364<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #AEAEAE 1.0pt; padding: 0in; width: 51.45pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,718<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 6; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="7" style="background: white; border: none; padding: 0in; width: 418.65pt;" valign="top" width="558">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Dependent Variable: OETS<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Berdasarkan hasil tabel 4.10, maka
kesimpulan dari uji T disampaikan sebagai berikut</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;"> </span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">:<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpFirst" style="line-height: 200%; margin-bottom: 0in; mso-add-space: auto; mso-list: l19 level1 lfo46; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">a.<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Variabel penghindaran
pajak memiliki nilai signifikansi </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">0,470</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">
> alfa 0,05 dan nilai T-hitung -0</span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">,729</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">
< T-tabel 1,97928, artinya penghindaran pajak tidak berpengaruh signifikan
terhadap nilai perusahaan.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="line-height: 200%; margin-bottom: 0in; mso-add-space: auto; mso-list: l19 level1 lfo46; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">b.<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Variabel
penghindaran pajak memiliki nilai signifikansi </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">0,059</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"> > alfa 0,05 dan nilai T-hitung -1</span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">,942</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"> < T-tabel 1,97928,
artinya penghindaran pajak tidak berpengaruh signifikan terhadap nilai
perusahaan.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpMiddle" style="line-height: 200%; margin-bottom: 0in; mso-add-space: auto; mso-list: l19 level1 lfo46; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">c.<span style="font: 7pt "Times New Roman";"> </span></span></span><!--[endif]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Variabel
tranparansi informasi dalam memoderasi pengaruh penghindaran pajak terhadap
nilai perusahaan memiliki nilai signifikansi 0,725 < alfa 0,05 dan nilai
T-hitung 0,354 < T-tabel -1,97928, artinya tranparansi informasi berpengaruh
signifikan dalam memoderasi pengaruh penghindaran pajak dengan nilai perusahaan.<o:p></o:p></span></p>
<p class="MsoListParagraphCxSpLast" style="line-height: 200%; margin-bottom: 0in; mso-add-space: auto; mso-list: l19 level1 lfo46; text-align: justify; text-indent: -0.25in;"><!--[if !supportLists]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">d.<span style="font: 7pt "Times New Roman";">
</span></span></span><!--[endif]--><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Variabel tranparansi
informasi dalam memoderasi pengaruh penghindaran pajak terhadap biaya agensi
memiliki nilai signifikansi 0,718 < alfa 0,05 dan nilai T-hitung 0,364 <
T-tabel -1,97928, artinya tranparansi informasi berpengaruh signifikan dalam
memoderasi pengaruh penghindaran pajak dengan biaya agensi<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-bidi-font-size: 11.0pt;">Uji
Koefisien Determinasi (Uji R²)<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Tujuan
analisis koefisien determinasi (uji R²) untuk menghitung ketepatan hubungan
antara variabel dalam model yang digunakan dan melihat seberapa besar kemampuan
variabel bebas dalam menerangkan variasi variabel terikat. Hasil perhitungan
uji koefisien determinasi adalah sebagai berikut</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;"> </span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">:</span><b style="mso-bidi-font-weight: normal;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-bidi-font-size: 11.0pt;"><o:p></o:p></span></b></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><a name="_Toc74578891"></a><a name="_Toc74578805"><span style="mso-bookmark: _Toc74578891;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.11 <o:p></o:p></span></b></span></a></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><span style="mso-bookmark: _Toc74578805;"><span style="mso-bookmark: _Toc74578891;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji R2</span></b></span></span><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: 41.9pt; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 491px;">
<tbody><tr style="break-inside: avoid; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="5" style="background: white; border: none; padding: 0in; width: 368.55pt;" width="491">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">Model Summary<sup>b</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 1; page-break-inside: avoid;">
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; padding: 0in; width: 39.9pt;" valign="bottom" width="53">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; padding: 0in; width: 51.5pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">R<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 54.6pt;" valign="bottom" width="73">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">R
Square<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.8pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Adjusted
R Square<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 148.75pt;" valign="bottom" width="198">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std.
Error of the Estimate<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 2; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 39.9pt;" valign="top" width="53">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,121<sup>a</sup><o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 54.6pt;" valign="top" width="73">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,015<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">-,032<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 148.75pt;" valign="top" width="198">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">5,26180<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 3; page-break-inside: avoid;">
<td colspan="5" style="background: white; border: none; padding: 0in; width: 368.55pt;" valign="top" width="491">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Predictors: (Constant), Transparansi,
ETR<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 4; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="5" style="background: white; border: none; padding: 0in; width: 368.55pt;" valign="top" width="491">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">b. Dependent Variable: TOBIN'S Q<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;"><o:p> </o:p></span></b></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Tabel 4.11 <o:p></o:p></span></b></p>
<p align="center" class="MsoCaption" style="break-after: avoid; line-height: 200%; margin-bottom: 0in; page-break-after: avoid; text-align: center;"><b><span color="windowtext" lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; line-height: 200%;">Hasil Uji R2<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: 41.9pt; mso-border-alt: solid black 1.0pt; mso-border-insideh: 1.0pt solid black; mso-border-insidev: 1.0pt solid black; mso-padding-alt: 0in 0in 0in 0in; mso-table-layout-alt: fixed; width: 491px;">
<tbody><tr style="break-inside: avoid; mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
<td colspan="5" style="background: white; border: none; padding: 0in; width: 368.55pt;" width="491">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;">Model Summary<sup>b</sup></span></b><span face=""Arial",sans-serif" lang="IN" style="color: #010205;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 1; page-break-inside: avoid;">
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; padding: 0in; width: 39.9pt;" valign="bottom" width="53">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Model<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; padding: 0in; width: 51.5pt;" valign="bottom" width="69">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">R<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 54.6pt;" valign="bottom" width="73">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">R
Square<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 73.8pt;" valign="bottom" width="98">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Adjusted
R Square<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; padding: 0in; width: 148.75pt;" valign="bottom" width="198">
<p align="center" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: center; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">Std.
Error of the Estimate<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 2; page-break-inside: avoid;">
<td style="background: rgb(224, 224, 224); border-bottom: solid #152935 1.0pt; border: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 39.9pt;" valign="top" width="53">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #264a60; font-size: 9pt;">1<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 51.5pt;" valign="top" width="69">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,289<sup>a</sup><o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 54.6pt;" valign="top" width="73">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,083<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: 1pt solid rgb(21, 41, 53); border-left: none; border-right: 1pt solid rgb(224, 224, 224); border-top: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 73.8pt;" valign="top" width="98">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,040<o:p></o:p></span></p>
</td>
<td style="background: white; border-bottom: solid #152935 1.0pt; border: none; mso-border-left-alt: solid #E0E0E0 1.0pt; mso-border-top-alt: solid #152935 1.0pt; padding: 0in; width: 148.75pt;" valign="top" width="198">
<p align="right" class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-align: right; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">,09532<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 3; page-break-inside: avoid;">
<td colspan="5" style="background: white; border: none; padding: 0in; width: 368.55pt;" valign="top" width="491">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">a. Predictors: (Constant), Transparansi,
ETR<o:p></o:p></span></p>
</td>
</tr>
<tr style="break-inside: avoid; mso-yfti-irow: 4; mso-yfti-lastrow: yes; page-break-inside: avoid;">
<td colspan="5" style="background: white; border: none; padding: 0in; width: 368.55pt;" valign="top" width="491">
<p class="MsoNormal" style="line-height: 16pt; margin-bottom: 0in; margin-left: 3.0pt; margin-right: 3.0pt; margin-top: 0in; margin: 0in 3pt; mso-layout-grid-align: none; text-autospace: none;"><span face=""Arial",sans-serif" lang="IN" style="color: #010205; font-size: 9pt;">b. Dependent Variable: OETS<o:p></o:p></span></p>
</td>
</tr>
</tbody></table>
<p class="MsoNormal" style="line-height: 20pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p> </o:p></span></p>
<p align="center" class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif;">Sumber:
Data sekunder yang diolah dengan SPSS 25 pada tahun 2021<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify;"><span lang="IN" style="font-family: "Times New Roman",serif;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Tabel 4.11 menunjukan bahwa nilai <i>Adjusted
R Square</i> sebesar </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">-</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">0,032
atau sebesar </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">-</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">3,2%.
Artinya proporsi pengaruh </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">penghindaran
pajak</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"> terhadap </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">nilai
perusahaan</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"> dengan </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">transparansi informasi</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"> sebagai variabel
moderasi hanya sebesar </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">-</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">3,2%
sedangkan sisanya yaitu sebesar 96,8% dipengaruhi oleh faktor lain diluar
penelitian ini, </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">dan </span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">nilai
<i>Adjusted R Square</i> sebesar 0,040 atau sebesar 4,0%. Artinya proporsi
pengaruh </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">penghindaran pajak</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">
terhadap </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">biaya agensi</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">
dengan </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">transparansi informasi</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">
sebagai variabel moderasi hanya sebesar 4,0%</span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US; mso-bidi-font-size: 11.0pt;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US; mso-bidi-font-size: 11.0pt;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US; mso-bidi-font-size: 11.0pt;">Interpretasi Hasil<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Berdasarkan
hasil perhitungan yang telah diperoleh untuk menguji pengaruh variabel bebas
terhadap variabel terikat, maka interprestasi dan pembahasan hasil penelitian
ini adalah sebagai berikut</span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;"> :</span><b><span style="font-family: "Times New Roman",serif; font-size: 14pt; line-height: 200%; mso-ansi-language: EN-US; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></p>
<h2 style="line-height: 200%; margin-left: 0.25in; mso-list: l22 level1 lfo6; text-indent: -0.25in;"><a name="_Toc76199583"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.7.</span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"> <span lang="EN-ID">Pengaruh
Penghindaran Pajak Terhadap Nilai Perusahaan (H1)</span></span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h2>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Dari penelitian yang
telah dilakukan diatas, hasil yang didapat adalah </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">Penghindaran pajak </span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">tidak
berpengaruh signifikan terhadap </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">nilai
perusahaan </span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">yang artinya H1 ditolak dan H0 diterima.
Sesuai dengan hasil perhitungan yang dilakukan pada tabel 4.10 yang menunjukan
variabel penghindaran pajak memiliki nilai signifikansi 0.470 > alfa 0,05
dan nilai T-hitung -0,729 < T-tabel 1,97928, sehingga dapat ditarik
kesimpulan bahwa penghindaran pajak tidak berpengaruh signifikan terhadap
relevansi nilai laporan keuangan.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><span style="mso-tab-count: 1;"> </span>Semakin besar ukuran perusahaan maka
akan menghasilkan pajak yang semakin besar juga. Berdasarkan undang-undang No.
36 Tahun 2008 tentang pajak penghasilan pasal 31 E menyebutkan bahwa dengan
perusahaan dengan penjualan bruto atau penjualan dari 4,8 sampai 50 miliar akan
diberikan fasilitas perpajakan yaitu pengurangan tarif sebesar 50% dari tarif
dasar 25% yang dikenakan atas penghasil kena pajak. Sehingga semakin besar
nilai peredaran bruto dan penjualan perusahaan maka kesempatan perusahaan
mendapatkan dan memanfaatkan pengurangan tarif pajak juga semakin besar maka
beban pajak yang ditanggung perusahaan akan semakin kecil. Perusahaan yang
memanfaatkan pengurangan tarif pajak dengan tujuan memperkecil beban pajak
perusahaan menunjukkan bahwa perusahaan tersebut melakukan tax avoidance. Hal
ini sesuai dengan sudut pandang teori keagenan, manajer akan berusaha lebih
keras untuk menekan beban pajak ketika perusahaannya tidak mendapatkan
fasilitas pengurang pajak.<a name="_Hlk73897470"><o:p></o:p></a></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify; text-indent: 0.5in;"><span style="mso-bookmark: _Hlk73897470;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Dalam penelitian ini
variabel </span></span><span style="mso-bookmark: _Hlk73897470;"><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">penghindaran pajak</span></span><span style="mso-bookmark: _Hlk73897470;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"> tidak berpengaruh
signifikan terhadap nilai perusahaan. </span></span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Penelitian
ini memiliki hasil yang sejalan dengan penelitian yang dilakukan oleh Wendt
(2010) yang menyatakan bahwa </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">penghindaran
pajak</span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"> tidak berpengaruh terhadap relevansi nilai laporan
keuangan. Namun penelitian ini bertolak belakang dengan penelitian yang telah
dilakukan sebelumnya oleh Abdullah dan Fitriah (2016) yaitu bahwa </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">penghindaran pajak </span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><span style="mso-spacerun: yes;"> </span>berpengaruh secara signifikan negatif terhadap
relevansi nilai laporan keuangan.<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Pengaruh Penghindaran
Pajak Terhadap Biaya Agensi (H2)<o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Dari penelitian yang
telah dilakukan diatas, hasil yang didapat adalah </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">Penghindaran pajak tidak </span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">berpengaruh
signifikan terhadap </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-US;">biaya agensi </span><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">yang
artinya H1 ditolak dan H0 diterima. Sesuai dengan hasil perhitungan yang
dilakukan pada tabel 4.10 yang menunjukan variabel penghindaran pajak memiliki
nilai signifikansi 0.059 > alfa 0,05 dan nilai T-hitung -1,942 > T-tabel
1,97928, sehingga dapat ditarik kesimpulan bahwa penghindaran pajak tidak berpengaruh
signifikan terhadap biaya agensi.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="IN"><o:p> </o:p></span></p>
<h2 style="line-height: 200%; margin-left: 0.25in; mso-list: l22 level1 lfo6; text-indent: -0.25in;"><a name="_Toc76199585"><!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: "Times New Roman";"><span style="mso-list: Ignore;">4.8.</span></span></b><!--[endif]--><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Transparansi Informasi Mampu
Memoderasi Pengaruh Penghindaran Pajak Terhadap Nilai Perusahaan (H3)</span></b></a><b style="mso-bidi-font-weight: normal;"><span color="windowtext" lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;"><o:p></o:p></span></b></h2>
<p class="MsoNormal" style="line-height: 200%; margin-bottom: 0in; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%;">Dari penelitian yang
telah dilakukan diatas, hasil yang didapat adalah transparansi informasi mampu
memoderasi pengaruh penghindaran pajak terhadap nilai perusahaan yang artinya
H2 diterima dan H0 ditolak. Sesuai dengan hasil perhitungan yang dilakukan pada
tabel 4.10 yang menunjukan variabel moderasi memiliki nilai signifikansi 0,725
< alfa 0,05 dan nilai T-hitung 0,354 > T-tabel -1,97928, artinya
transparansi informasi memoderasi dengan signifikan pengaruh penghindaran pajak
terhadap nilai perusahaan.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left: 0.5in;"><span lang="IN"><o:p> </o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify; text-indent: 0.5in;"><span lang="IN" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-fareast-font-family: Calibri;">Semakin transparan suatu perusahaan maka nilai
perusahaan juga akan meningkat, semakin banyak informasi yang diungkapkan oleh
pihak manajemen pada laporan keuangannya, maka investor dapat lebih mengetahui
bagaimana kondisi perusahaan tersebut. </span><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Kemudahan dalam akses
informasi tersebut juga menjadi sinyal positif bagi investor. Akses informasi
tersebut dianggap oleh investor sebagai cara mudah untuk memperhatikan perilaku
oportunistik dari manajemen dalam melakukan Tindakan penghindaran pajak
sehingga menurunkan resiko yang timbul dari penghidaran pajak. Kondisi tersebut
juga akan memberikan kesan yang positif kepada pihak luar serta calon investor
dalam hal tersebut juga dapat membantu meningkatkan nilai perusahaan.<span style="mso-tab-count: 1;"> </span><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height: 200%; text-align: justify; text-indent: 0.5in;"><span lang="EN-ID" style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 200%; mso-ansi-language: EN-ID; mso-fareast-font-family: Calibri;">Transparansi informasi
diduga memperlemah pengaruh negative antara penghindaran pajak dan nilai
perusahaan. Semakin tinggi penghindaran pajak yang dilakukan maka nilai
perusahaan semakin rendah. Menurut Wang 2010, perusahaan dengan transfaransi
laporan keuangan baik mempunyai masalah keagenan yang lebih rendah.
Transparansi informasi oleh perusahaan dapat meminimalkan ketidakseimbangan
informasi dari aktivitas penghindaran pajak yang dapat mempengaruhi nilai
perusahaan. Hal tersebut terjadi karena informasi yang disampaikan perusahaan
menjadi bahan pertimbangan bagi investor dalam keputusan investasi.<o:p></o:p></span></p>Harisa Arrozihttp://www.blogger.com/profile/14333471974106440311noreply@blogger.com0tag:blogger.com,1999:blog-1797149645177405797.post-69048912141698505322014-08-28T00:00:00.002-07:002014-08-29T22:40:34.420-07:00about vokasi ui<h1>
Vokasiui</h1>
Pendidikan <span style="color: black;">vokasi </span>(program Diploma) Universitas Indonesia bertujuan menyiapkan peserta
didik menjadi tenaga ahli profesional dan menerapkan, mengembangkan,
dan menyebarluaskan teknologi dan/atau kesenian serta mengupayakan
penggunaannya untuk meningkatkan taraf kehidupan masyarakat dan
memperkaya kebudayaan nasional. Lulusan Program Vokasi diarahkan untuk
menguasai kemampuan dalam bidang kerja tertentu sehingga dapat langsung
diserap sebagai tenaga kerja di industri/swasta, lembaga pemerintahan
atau berwiraswasta secara mandiri. Pengajaran pada program pendidikan
vokasi lebih mengutamakan keterampilan dibandingkan dengan kuliah
teori.<span></span><span></span><br />
<br />
<strong>Program Studi :</strong><span></span><span></span><br />
<ul>
<li>Fisioterapi</li>
<li>Okupasi Terapi</li>
<li>Perumahsakitan</li>
<li>Akuntasi Keuangan</li>
<li>Akuntansi Teknologi Sistem Informasi</li>
<li>Akuntansi Sektor Publik</li>
<li>Manajemen Informasi & Dokumen</li>
<li>Administrasi Perpajakan</li>
<li>Administrasi Asuransi & Aktuaria</li>
<li>Administrasi Keuangan dan Perbankan</li>
<li>Administrasi Perkantoran & Sekretari</li>
<li>Penyiaran</li>
<li>Hubungan Masyarakat</li>
<li>Periklanan</li>
<li>Pariwisata </li>
</ul>
Harisa Arrozihttp://www.blogger.com/profile/14333471974106440311noreply@blogger.com0