ANALISIS RASIO KEUANGAN PERBANKAN TERHADAP KINERJA KEUANGAN DENGAN SUKU BUNGA SEBAGAI MODERASI
Article Sidebar
Main Article Content
Abstract
This study to analyze the effect of loan to deposit ratio, operational income operational expense, economic value added, return on asset, and capital adequacy ratio to stock return with interest rate of bank Indonesia as a moderation variable. Population used in this research is listed banking sector issuer in Indonesia Stock Exchange year 2012-2016. Data processing using SPSS version 24.0 testing using moderated regression analysis. Result on the research showed loan to deposit ratio, operational income operational expense, and capital adequacy ratio influence on stock return. Meanwhile, economic value added and return on assets not have influence on stock return. Simultaneously loan to deposit ratio, operational expense of operating income, economic value added, return on asset, and capital adequacy ratio have an effect on stock return.
This study was conducted to analyze the effect of loan to deposit ratio, operating income, operating expense, economic value added, return on asset, and capital adequacy ratio on Stock Return with interest rate of Bank of Indonesia as moderating variable. Population used in this research is banking sector issuer listed in Indonesia Stock Exchange year 2012-2016. Data was processed using SPSS version 24.0, while moderated regression analysis was used in testing. Result indicates that loan to deposit ratio, operating income, operating expense, and capital adequacy ratio influence on stock return. Meanwhile, economic value added and return on assets have no effects on stock return. Simultaneously, loan to deposit ratio, operating expense, operating income, economic value added, return on
asset, and capital adequacy ratio affect stock return.
Keywords : Bank Financial Ratio, Financial Performance, Interest Rate, Stock Return, Deposit Ratio.
Article Details
References
Agus, Sartono. (2008). Manajemen Keuangan Teori dan Aplikasi. Edisi Keempat, Yogyakarta: BPFE.
Bambang Riyanto. (2001). Dasar-Dasar Pembelanjaan Perusahaan. Edisi Keempat, Yogyakarta: BPFE.
Brealey, Richard A. dan Myers, Stewart C. (2010). Principles Of Corporate Finance (7th ed.). New York: The Mc Graw Hill Companies, Inc.
Brigham, Eugene F. dan Houston, Joel F. (2006). Dasar-dasar Manajemen Keuangan. Jakarta: Salemba Empat.
Brigham, Eugene dan Joel F Houston. (2001). Manajemen Keuangan II. Jakarta: Salemba Empat.
Corrado, C. J., dan B. D. Jordan. (2000). Fundamentals of Investment Analysis (4th ed.). Singapore: Mc Graw-Hill.
Dendawijaya, Lukman. (2005). Manajemen Perbankan. Edisi Kedua, Jakarta: Penerbit Ghalia Indonesia.
Eisenhardt, Kathleem. (1989). Agency Theory: An Assesment and Review. Academy of Management Review.
Hartono, Jogiyanto. (2009). Sistem Teknologi Informasi. Yogyakarta: Andi.
Jogiyanto, H.M. (2010). Teori Portofolio dan Analisis Investasi. Edisi Ketujuh, Yogyakarta: BPFE.
Jones, Charles P. (2000). Investment: Analysis and Managemen (7th ed.). John Willey and Sons, Inc.
Kasmir. (2012). Bank dan Lembaga Keuangan Lainnya. Edisi Revisi 2012. Jakarta: PT Raja Grafindo Persada.
Sipahutar, Agustinus Mangasa. (2007). Persoalan-persoalan perbankan Indonesia. Jakarta: Penerbit Praninta Jaya Mandiri.
Sugeng, Raharjo. (2010). Pengaruh Inflasi, Nilai Kurs Rupiah dan Tingkat Suku Bunga Terhadap Harga Saham di BEI. Surakarta: STIE.
Tasman, Aulia dan Havidz Aima. (2013). Ekonomi Manajerial dengan Pendekatan Matematis. Jakarta: Raja Grafindo Persada.
Taswan. (2010). Manajemen Perbankan Konsep, Teknik dan Aplikasi. Edisi Kedua, Yogyakarta : UPP STIM YKPN.
Tunggal, Amin Widjaja .(2008). Memahami Konsep Economic Value Added dan Value-Based Management. Penerbit Harvarindo.
Van Horne, James C. dan John M. Wachowicz, Jr. (1998). Fundamental Of Financial Management (10th ed.). New Jersey: Prentice Hall International, Inc.
Weston, Fred, J dan Brigham, F, Eugene. (1990). Dasar-dasarManajemen Keuangan. Edisi Kesembilan. Jakarta: Erlangga.
H. Miller, Merton dan Franco Modiglini. (1961). Dividend Policy, Growth, And The Valuation Of Shares. JSTORE. VOL: XXXIV. No. 4.
Hobarth, Mag Lukas L.. (2006). Modeling the relationship between financial indicators and company performance - An empirical study for us listed companies. France: Dissertation Vienna University of Economics and Business.
Jensen, M, C., dan W. H. Meckling. (1976). Theory of The Firm : Managerial Behavior, Agency Cost and Ownership Structure. Journal of Financial Economics, 3, 82-137.
www.bi.go.id