Likuiditas, Profitabilitas dan Kecukupan Modal Bank Di Indonesia

Djaja Perdana

Abstract


The bank liquidity become a serious concern for the government with the issuance of regulations that require banks in Indonesia to meet the liquidity coverage ratio. However, the effort to establish an adequate level of liquidity has resulted in banks having to make adjustments to their capital structure so that they are thought to have an influence on the capital adequacy ratio, on the other hand, banks must also increase profitability for business continuity. This study investigates the effect of the level of liquidity proxied by loan-to-asset ratio and profitability proxied by return-on-equity and net-profit margin on the level of capital adequacy ratio of the sample. 40 banking sector companies listed on the Indonesia Stock Exchange during the 2014-2020 period. The data were analyzed using a multivariate model with an ordinary least squares approach. The results of this study prove that the loan-to-asset ratio and return-on-equity ratio have a negative effect on the capital adequacy ratio. While the net-profit margin has a positive effect on the capital adequacy ratio.

Keywords


capital-adequacy-ratio; liquidity; profitability

Full Text:

PDF

References


Abdullahi Sani Rufai, B., dan Sani Rufai, A. (2010). Efficacy of Credit Risk Management on the Performance of Banks in Nigeria A Study of Union Bank PLC (2006-2010). Global Journal of Management and Business Research Administration and Management.

Adair, P., dan Adaskou, M. (2015). Trade-off theory vs. Pecking order theory and the determinants of corporate leverage: Evidence from a panel data analysis upon french SMEs (2002–2010). Cogent Economics and Finance. https://doi.org/10.1080/23322039.2015.1006477

Adebisi, J. F., dan Matthew, O. B. (2015). The impact of non-performing loans on firm profitability: A focus on the Nigerian banking industry. American Journal of Business and Management, 1(4), 1–7.

Aktas, R., Bilge, B., dan Gokhan, C. (2015). The Determinants of Banksâ€TM Capital Adequacy Ratio: Some Evidence from South Eastern European Countries. Journal of Economics and Behavioral Studies. https://doi.org/10.22610/jebs.v7i1(j)565

Allen, B., Chan, K. K., Milne, A., dan Thomas, S. (2012). Basel III: Is the cure worse than the disease? International Review of Financial Analysis. https://doi.org/10.1016/j.irfa.2012.08.004

Amador, J. S., Gómez-González, J. E., dan Pabón, A. M. (2013). Loan growth and bank risk: New evidence. Financial Markets and Portfolio Management. https://doi.org/10.1007/s11408-013-0217-6

Atansil, L. (2012). Studi eksistensi dynamic trade-off capital structure pada perusahaan non-finansial di BEI periode 2002-2009. Jurnal Manajemen Teori Dan Terapan, 5(3), 141–158.

Banerjee, R. N., dan Mio, H. (2015). The Impact of Liquidity Regulation on Banks. Elsevier. https://doi.org/10.2139/ssrn.2635522

Baradwaj, B. G., Flaherty, S. M. V., dan Shao, Y. (2015). The impact of lending growth on the riskiness of chinese banks. Chinese Economy. https://doi.org/10.2753/CES1097-1475470502

Batavia, B., Parameswar, N., Sree, R., dan Wagué, C. (2013). Avoiding a Liquidity Crunch [Elektronisk resurs] : Do Pre-Bear Phase Bank Ratios Matter? Evidence from a World-Wide Sample. Journal of Applied Economics and Business Research.

Berger, A. N., dan Bouwman, C. H. S. (2009). Bank liquidity creation. Review of Financial Studies. https://doi.org/10.1093/rfs/hhn104

Blose, L. E. (2001). Information asymmetry, capital adequacy, and market reaction to loan loss provision announcements in the banking industry. Quarterly Review of Economics and Finance. https://doi.org/10.1016/S1062-9769(00)00069-7

Bonner, C., dan Eijffinger, S. C. W. (2015). The impact of liquidity regulation on bank intermediation. In Review of finance. Retrieved from www.cepr.org

Bonner, C., Eijffinger, S., Sgl, E., Bannerje, R., Bech, M., De Haan, L., … Van, J.-W. (2012). The Impact of Liquidity Regulation on Interbank Money Markets. C.Bonner@dnb.Nl.

Cetin, H. (2019). The Relationship between non-Performing Loans and Selected EU Members Banks Profitabilities. International Journal of Trade, Economics and Finance. https://doi.org/10.18178/ijtef.2019.10.2.637

Chowdhury, A., dan Paul Chowdhury, S. (2010). Impact of capital structure on firm’s value: Evidence from Bangladesh. Business and Economic Horizons. https://doi.org/10.15208/beh.2010.32

Cornett, M. M., McNutt, J. J., Strahan, P. E., dan Tehranian, H. (2011). Liquidity risk management and credit supply in the financial crisis. Journal of Financial Economics. https://doi.org/10.1016/j.jfineco.2011.03.001

Darminto, D., dan Manurung, A. H. (2008). Pengujian teori trade-off dan teori pecking order dengan satu model dinamis pada perusahaan publik di Indonesia. Jurnal Manajemen Bisnis Integritas, 1(1), 35–52.

De Haan, L., dan van den End, J. W. (2013). Bank liquidity, the maturity ladder, and regulation. Journal of Banking and Finance. https://doi.org/10.1016/j.jbankfin.2013.07.008

De Haan, L., dan Van den End, J. W. (2013). Banks’ responses to funding liquidity shocks: Lending adjustment, liquidity hoarding and firesales. Journal of International Financial Markets, Institutions and Money. https://doi.org/10.1016/j.intfin.2013.05.004

Dewi Setiawati, A., dan Putra, I. (2015). Pengujian trade-off theory pada struktur modal perusahaan dalam indeks saham Kompas100. E-Jurnal Akuntansi.

Distinguin, I., Roulet, C., dan Tarazi, A. (2013). Bank regulatory capital and liquidity: Evidence from US and European publicly traded banks. Journal of Banking and Finance. https://doi.org/10.1016/j.jbankfin.2013.04.027

Dreca, N. (2013). Determinants of capital adequacy ratio in selected Bosnian banks. Dumlupynar Universitesi Sosyal Bilimler Dergisi EYY, 12(1), 149–162.

Drobetz, W., Gounopoulos, D., Merikas, A., dan Schröder, H. (2013). Capital structure decisions of globally-listed shipping companies. Transportation Research Part E: Logistics and Transportation Review. https://doi.org/10.1016/j.tre.2012.11008

Duijm, P., dan Banking, P. W.-. (2016). The Effects of Liquidity Liabilities Regulation on Bank Assets And. International Journal of Central.

Foos, D., Norden, L., dan Weber, M. (2010). Loan growth and riskiness of banks. Journal of Banking and Finance. https://doi.org/10.1016/j.jbankfin.2010.06.007

French, K. R., Baily, M. N., Campbell, J. Y., Cochrane, J. H., Diamond, D. W., Duffie, D., … Stulz, R. M. (2010). The Squam Lake report: Fixing the financial system. In The Squam Lake Report: Fixing the Financial System. https://doi.org/10.1111/j.1745-6622.2010.00284.x

Ghasemi, M., dan Hisyam Ab Razak, N. (2016). The Impact of Liquidity on the Capital Structure: Evidence from Malaysia. International Journal of Economics and Finance. https://doi.org/10.5539/ijef.v8n10p130

Ismiyaningsih, D. (2018). Analisis Pengaruh Basel II Accord terhadap Stabilitas dan Risiko Kredit Bank Konvensional di Indonesia Tahun 2003-2017. Universitas Negeri Jember.

Kashif, M., Iftikhar, S. F., dan Iftikhar, K. (2016). Loan growth and bank solvency: evidence from the Pakistani banking sector. Financial Innovation. https://doi.org/10.1186/s40854-016-0043-8

Khidmat, W. Bin, dan Rehman, M. U. (2014). Impact of Liquidity dan Solvency on Profitability Chemical Sector of Pakistan. Emi.

Köhler, M. (2015). Which banks are more risky? The impact of business models on bank stability. Journal of Financial Stability. https://doi.org/10.1016/j.jfs.2014.02005

Maverick, B. (2020). What Is the Average Return on Equity (ROE) of Banks? Retrieved January 7, 2020, from Investopedia.com website: https://www.investopedia.com/ask/answers/040815/what-level-return-equity-common-company-banking-sector.asp

Messai, A. S., dan Jouini, F. (2013). Micro and macro determinants of non-performing loans. International Journal of Economics and Financial Issues.

Novokmet, A. K., dan Marinovic, A. (2016). Solvency and liquidity level trade-off: Does it exist in Croatian banking sector? Scientific Annals of Economics and Business. https://doi.org/10.1515/saeb-2016-0132

Perdana, D. (2019). Kepemilikan Pemerintah dan Struktur Modal Dalam Konteks Institusional BUMN Indonesia. Jurnal Riset Akuntansi Dan Keuangan, 7(3), 477–490. https://doi.org/https://doi.org/10.17509/jrak.v7i3.17758

Perret, D. (2015). Systemic risk and the solvency-liquidity Nexus of banks. International Journal of Central Banking, 11(3), 193–227.

Šarlija, N., dan Harc, M. (2012). The impact of liquidity on the capital structure: a case study of Croatian firms. Business Systems Research. https://doi.org/10.2478/v10305-012-00051

Šeligová, M. (2017). The Impact of Funding Sources on Corporate Liquidity in Energy Sector in the Czech Republic. https://doi.org/10.3846/cbme.2017.116

Siljestrom, A.-K. (2013). The efffect of Basel regulation on banking profitability: A cross-country study on 16 OECD countries. Stockholm University.

Thoa, P. T. X., Anh, N. N., dan Minh, N. K. (2020). The determinant of capital adequacy ratio: Empirical evidence from Vietnamese banks (a panel data analysis). Afro-Asian Journal of Finance and Accounting. https://doi.org/10.1504/AAJFA.2020.104406

Velnampy, T., dan Niresh, A. (2008). The relationship between capital structure and ownership structure. Managerial Finance. https://doi.org/10.1108/03074350810915851

Vintilă, G., dan Alexandra Nenu, E. (2016). Liquidity and Profitability Analysis on the Romanian Listed Companies. Journal of Eastern Europe Research in Business and Economics. https://doi.org/10.5171/2016.161707

Yeo, H. (2016). Solvency and Liquidity in Shipping Companies. Asian Journal of Shipping and Logistics. https://doi.org/10.1016/j.ajsl.2016.12.007




DOI: https://doi.org/10.35591/wahana.v25i2.743

Wahana: Jurnal Ekonomi, Manajemen dan Akuntansi
ISSN : 2685-1415 (Online) | 1410-8224 (Print)
Published by Pusat Penelitian dan Pengabdian Masyarakat Akademi Akuntansi YKPN Yogyakarta.
Jl. Gagak Rimang No. 2-4 Balapan, Kotak Pos 6417 YKGK 
Phone (0274) 560159, 562317, 513413, 563516 Fax. (0274) 561591 
Yogyakarta 55222

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.