Pengaruh Fungsi Intermediasi Perbankan Terhadap Kinerja Keuangan Dan Harga Saham Bank Swasta Nasional Devisa Go Public Di Indonesia
PENGARUH FUNGSI INTERMEDIASI PERBANKAN TERHADAP
KINERJA KEUANGAN DAN HARGA SAHAM
BANK SWASTA NASIONAL DEVISA
GO PUBLIC DI INDONESIA
ABSTRAK
Keberadaan sektor perbankan sebagai subsistem dalam perekonomian suatu
negara memiliki peranan cukup penting, bahkan dalam kehidupan masyarakat modern
sehari-hari sebagian besar melibatkan jasa dari sektor perbankan. Hal tersebut
dikarenakan sektor perbankan mengemban fungsi utama sebagai perantara (intermediasi)
keuangan antara unit-unit ekonomi yang surplus dana, dengan unit-unit ekonomi yang
kekurangan dana. Melalui sebuah bank dapat dihimpun dana dari masyarakat dalam
berbagai bentuk simpanan selanjutnya dari dana yang telah terhimpun tersebut bank
menyalurkan kembali, dalam bentuk pemberian kredit kepada sektor bisnis atau pihak
lain yang membutuhkan. Penelitian ini dilatarbelakangi oleh adanya fenomena belum
optimalnya penyaluran kredit perbankan. Hal ini ditunjukkan dengan Loan to Deposit
Ratio (LDR) yang masih berada dibawah harapan Bank Indonesia. Oleh karena itu perlu
dilakukan penelitian yang bertujuan untuk mengetahui dan menganalisis pengaruh fungsi
intermediasi perbankan yang terdiri dari capital adequacy ratio, net interest margin, non
performing loan, loan to deposit ratio, BOPO, dan total kredit terhadap kinerja keuangan
(return on asset) bank swasta nasional devisa go public di Indonesia periode Desember
2006-Desember 2010 dan untuk mengetahui dan menganalisis pengaruh kinerja keuangan
(return on asset) terhadap harga saham bank swasta nasional devisa go public di
Indonesia periode Desember 2006-Desember 2010. Teknik analisis yang digunakan
adalah analisis regresi linier berganda. Data yang digunakan adalah data sekunder berupa
laporan keuangan. Pengujian hipotesis dilakukan dengan menggunakan uji statistik F dan
uji statistik t dengan tingkat signifikansi 5%. Berdasarkan hasil uji statistik F diperoleh
bahwa fungsi intermediasi perbankan yang terdiri dari capital adequacy ratio (CAR), net
interest margin (NIM), non performing loan (NPL), loan to deposit ratio (LDR), BOPO,
dan total kredit berpengaruh secara simultan terhadap kinerja keuangan (return on
asset/ROA) bank swasta nasional devisa go public di Indonesia periode Desember 2006Desember 2010, Sedangkan secara parsial menunjukkan bahwa variabel net interest
margin (NIM), BOPO dan total kredit merupakan variabel yang berpengaruh signifikan
terhadap kinerja keuangan/ return on asset bank swasta nasional devisa go public di
Indonesia periode Desember 2006-Desember 2010. Berdasarkan hasil uji statistika pada
hipotesis kedua bahwa retun on asset (ROA) berpengaruh signifikan terhadap harga
saham bank swasta nasional devisa go public di Indonesia periode Desember 2006Desember 2010 dengan tingkat signifikansi 5%.
Kata Kunci: Fungsi Intermediasi Perbankan, Return On Asset (ROA), harga saham
Universitas Sumatera Utara
THE INFLUENCE OF BANKING INTERMEDIATION FUNCTION ON
THE FINANCIAL PERFORMANCE AND STOCK PRICE OF THE
GO-PUBLIC EXCHANGE NATIONAL PRIVATE BANK
IN INDONESIA
ABSTRACT
The existence of banking sector as the sub-system plays a quite important
role in the economy of a country and even in the daily routines of modern society
who mostly involves the service of banking sector. This occurs because the main
function of banking sector is as the financial intermediation between the economic
units with surplus of fund and those with lack of fund. Through a bank, public
fund can be raised in various forms of savings/deposits then the bank distributes
the funds raised again to the business sector or the other parties that need it in the
form of credit provision. This study was based on the phenomenon of the less
optimum banking credit provision shown by the Loan to Deposit Ratio (LDR)
whose level is still under what expected by Bank Indonesia. Thus, the purpose of
this study was to find out and analyze the influence of banking intermediation
function comprising capital adequacy ratio, net interest margin, non-performing
loan, loan to deposit ratio, BOPO and total credit on the financial performance
(return on asset) of the go-public exchange national private banks in Indonesia
for the period of December 2006 to December 2010, and to find out and analyze
the influence of financial performance (return on asset) on the stock price of the
go-public exchange national private banks in Indonesia for the period of
December 2006 to December 2010. The data used in this study were the
secondary data in the form of financial reports. The data obtained were analyzed
through multiple linear regression analysis. The hypothesis was statistically tested
through F test and t test with level of significance of 5%. The result of F test
showed that, simultaneously, the banking intermediation function comprising
capital adequacy ratio, net interest margin, non-performing loan, loan to deposit
ratio, BOPO and total credit had influence on the financial performance (return
on asset/ROA) of the go-public exchange national private banks in Indonesia for
the period of December 2006 to December 2010. Partially, the variables of net
interest margin (NIM), BOPO and total credit had significant influence on the
financial performance (return on asset/ROA) of the go-public exchange national
private banks in Indonesia for the period of December 2006 to December 2010.
The result of statistical test of the second hypothesis showed that return on asset
(ROA) had a significant influence on the stock price of the go-public exchange
national private banks in Indonesia for the period of December 2006 to December
2010 with level of significance of 5%.
Keywords: Banking Intermediation Function, Return on Asset (ROA), Stock Price
Universitas Sumatera Utara
KINERJA KEUANGAN DAN HARGA SAHAM
BANK SWASTA NASIONAL DEVISA
GO PUBLIC DI INDONESIA
ABSTRAK
Keberadaan sektor perbankan sebagai subsistem dalam perekonomian suatu
negara memiliki peranan cukup penting, bahkan dalam kehidupan masyarakat modern
sehari-hari sebagian besar melibatkan jasa dari sektor perbankan. Hal tersebut
dikarenakan sektor perbankan mengemban fungsi utama sebagai perantara (intermediasi)
keuangan antara unit-unit ekonomi yang surplus dana, dengan unit-unit ekonomi yang
kekurangan dana. Melalui sebuah bank dapat dihimpun dana dari masyarakat dalam
berbagai bentuk simpanan selanjutnya dari dana yang telah terhimpun tersebut bank
menyalurkan kembali, dalam bentuk pemberian kredit kepada sektor bisnis atau pihak
lain yang membutuhkan. Penelitian ini dilatarbelakangi oleh adanya fenomena belum
optimalnya penyaluran kredit perbankan. Hal ini ditunjukkan dengan Loan to Deposit
Ratio (LDR) yang masih berada dibawah harapan Bank Indonesia. Oleh karena itu perlu
dilakukan penelitian yang bertujuan untuk mengetahui dan menganalisis pengaruh fungsi
intermediasi perbankan yang terdiri dari capital adequacy ratio, net interest margin, non
performing loan, loan to deposit ratio, BOPO, dan total kredit terhadap kinerja keuangan
(return on asset) bank swasta nasional devisa go public di Indonesia periode Desember
2006-Desember 2010 dan untuk mengetahui dan menganalisis pengaruh kinerja keuangan
(return on asset) terhadap harga saham bank swasta nasional devisa go public di
Indonesia periode Desember 2006-Desember 2010. Teknik analisis yang digunakan
adalah analisis regresi linier berganda. Data yang digunakan adalah data sekunder berupa
laporan keuangan. Pengujian hipotesis dilakukan dengan menggunakan uji statistik F dan
uji statistik t dengan tingkat signifikansi 5%. Berdasarkan hasil uji statistik F diperoleh
bahwa fungsi intermediasi perbankan yang terdiri dari capital adequacy ratio (CAR), net
interest margin (NIM), non performing loan (NPL), loan to deposit ratio (LDR), BOPO,
dan total kredit berpengaruh secara simultan terhadap kinerja keuangan (return on
asset/ROA) bank swasta nasional devisa go public di Indonesia periode Desember 2006Desember 2010, Sedangkan secara parsial menunjukkan bahwa variabel net interest
margin (NIM), BOPO dan total kredit merupakan variabel yang berpengaruh signifikan
terhadap kinerja keuangan/ return on asset bank swasta nasional devisa go public di
Indonesia periode Desember 2006-Desember 2010. Berdasarkan hasil uji statistika pada
hipotesis kedua bahwa retun on asset (ROA) berpengaruh signifikan terhadap harga
saham bank swasta nasional devisa go public di Indonesia periode Desember 2006Desember 2010 dengan tingkat signifikansi 5%.
Kata Kunci: Fungsi Intermediasi Perbankan, Return On Asset (ROA), harga saham
Universitas Sumatera Utara
THE INFLUENCE OF BANKING INTERMEDIATION FUNCTION ON
THE FINANCIAL PERFORMANCE AND STOCK PRICE OF THE
GO-PUBLIC EXCHANGE NATIONAL PRIVATE BANK
IN INDONESIA
ABSTRACT
The existence of banking sector as the sub-system plays a quite important
role in the economy of a country and even in the daily routines of modern society
who mostly involves the service of banking sector. This occurs because the main
function of banking sector is as the financial intermediation between the economic
units with surplus of fund and those with lack of fund. Through a bank, public
fund can be raised in various forms of savings/deposits then the bank distributes
the funds raised again to the business sector or the other parties that need it in the
form of credit provision. This study was based on the phenomenon of the less
optimum banking credit provision shown by the Loan to Deposit Ratio (LDR)
whose level is still under what expected by Bank Indonesia. Thus, the purpose of
this study was to find out and analyze the influence of banking intermediation
function comprising capital adequacy ratio, net interest margin, non-performing
loan, loan to deposit ratio, BOPO and total credit on the financial performance
(return on asset) of the go-public exchange national private banks in Indonesia
for the period of December 2006 to December 2010, and to find out and analyze
the influence of financial performance (return on asset) on the stock price of the
go-public exchange national private banks in Indonesia for the period of
December 2006 to December 2010. The data used in this study were the
secondary data in the form of financial reports. The data obtained were analyzed
through multiple linear regression analysis. The hypothesis was statistically tested
through F test and t test with level of significance of 5%. The result of F test
showed that, simultaneously, the banking intermediation function comprising
capital adequacy ratio, net interest margin, non-performing loan, loan to deposit
ratio, BOPO and total credit had influence on the financial performance (return
on asset/ROA) of the go-public exchange national private banks in Indonesia for
the period of December 2006 to December 2010. Partially, the variables of net
interest margin (NIM), BOPO and total credit had significant influence on the
financial performance (return on asset/ROA) of the go-public exchange national
private banks in Indonesia for the period of December 2006 to December 2010.
The result of statistical test of the second hypothesis showed that return on asset
(ROA) had a significant influence on the stock price of the go-public exchange
national private banks in Indonesia for the period of December 2006 to December
2010 with level of significance of 5%.
Keywords: Banking Intermediation Function, Return on Asset (ROA), Stock Price
Universitas Sumatera Utara