PENGUJIAN DAMPAK BANK-SPECIFIC DAN MACROECONOMIC TERHADAP PROFITABILITAS
Main Article Content
Abstract
This research aims to examine the impact of bank-specific and macroeconomic factors on profitability (ROA and ROE) in BPRS in Indonesia and the role of FDR as an intervening variable. This research uses analytical techniques Partial Least Square Structural Equation Model (PLS-SEM). The population was obtained from BPRS data recorded by OJK during 2017-2021. The total of sample are 154 BPRS through purposive sampling. The results showed that bank-specific factors through the DER variable did not affect profitability, BOPO negatively affected profitability, and NOM affected profitability. While macroeconomic factors through the GDP-Prov and Unemp variables do not affect profitability. Furthermore, the FDR affects ROA and does not affect ROE. then bank-specific factors through the DER variable have a positive FDR, BOPO negatively affect FDR, and NOM does not affects FDR. Meanwhile, macroeconomic factors through GDP-Prov did not affect FDR and Unemp negatively affected FDR. FDR does not mediate the affect of DER, BOPO, NOM, GDP-Prov and Unemp on profitability. The conclution is in Partially, not all variables affect profitability and there is no mediating role of the FDR variable between bank-specific and macroeconomic factors on profitability.
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PENGUJIAN DAMPAK BANK-SPECIFIC DAN MACROECONOMIC TERHADAP PROFITABILITAS. (2023). I-Finance: A Research Journal on Islamic Finance, 9(1), 1-18. https://doi.org/10.19109/ifinance.v9i1.16935
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I-Finance by http://jurnal.radenfatah.ac.id/index.php/I-Finance is lincensed under a Creative Commons Attribution-ShareAlike 4.0 International Lisence.
How to Cite
PENGUJIAN DAMPAK BANK-SPECIFIC DAN MACROECONOMIC TERHADAP PROFITABILITAS. (2023). I-Finance: A Research Journal on Islamic Finance, 9(1), 1-18. https://doi.org/10.19109/ifinance.v9i1.16935
References
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Ahmed, S., Majeed, M. E., Thalassinos, E., & Thalassinos, Y. (2021). The Impact of Bank Specific and Macro-Economic Factors on Non-Performing Loans in the Banking Sector: Evidence from an Emerging Economy. Journal of Risk and Financial Management, 14(5), 217. https://doi.org/10.3390/jrfm14050217
Ailiyah, N. (2020). Pengaruh Capital Edequacy Ratio (CAR), Financing to Deposit Ratio (FDR), Non Performing Financing (NPF), Net Operating Margin (NOM) Terhadap Profitabilitas dengan Biaya Operasional Per Pendapatan Operasional (BOPO). Lan Tabur: Jurnal Ekonomi Syariah , 2(1).
Alhaji, A. A. (2022). Capital Structure and Financial Performance of Commercial Banks in Nigeria.
Axelrad, H., Malul, M., & Luski, I. (2018). Unemployment among younger and older individuals: does conventional data about unemployment tell us the whole story? Journal for Labour Market Research, 52(1). https://doi.org/10.1186/s12651-018-0237-9
Daulay, M. A. (2021). Pengaruh BOPO dan Net Operating Margin (NOM) Terhadap Return on Equity (ROE) pada PT.Bank Syariah Mandiri Tahun 2016-2020.
Derbali, A. (2021). Determinants of the Performance of Moroccan Banks. Journal of Business and Socio-Economic Development, 1(1), 102–117. https://doi.org/10.1108/jbsed-01-2021-0003
Dewi, V. I., Tan Lian Soei, C., & Oriana Surjoko, F. (2019). The Impact of Macroeconomic Factors on Firm’s Profitability (Evidence From Fast Moving Consumer Good Firms Listed on Indonesian Stock Exchange). Academy of Accounting and Financial Studies Journal, 23(1). www.business.hsbc.co.id,
Fikri Almi, R. (2020). Pengaruh Net Operating Margin (NOM) dan Operational Efficiancy Ratio (OER) Terhadap Return on Asset (ROA) Pada PT. BNI Syariah.
Halim, S., & Buana, M. T. L. (2021). The Influence of Non-Performed Financing (NPF), Operational Costs, Financing to Deposit Ratio (FDR) and Net Operating Margin to Return on Assets at Indonesian Sharia Commercial Banks. Falah: Jurnal Ekonomi Syariah, 6(2), 44–59. https://doi.org/10.22219/jes.v6i1.16179
Ho, C. S. F., & Mohd-Raff, N. E. N. (2019). External and Internal Determinants of Performances of Shariah and Non-Shariah Compliant Firms. International Journal of Islamic and Middle Eastern Finance and Management, 12(2), 236–253. https://doi.org/10.1108/IMEFM-08-2017-0202
Horobet, A., Radulescu, M., Belascu, L., & Dita, S. M. (2021). Determinants of Bank Profitability in CEE Countries: Evidence from GMM Panel Data Estimates. Journal of Risk and Financial Management, 14(7), 307. https://doi.org/10.3390/jrfm14070307
Karno, L. L., Fathoni, A., & Amboningtyas, D. (2020). The Effect of Capital Adequacy Ratio (CAR), Net Operating Margin (NOM), Non Performing Finance (NPF) on Return on Asset (ROA) with Financing to Deposit Ratio (FDR) as Intervening Variable (Case Study on Sharia Commercial Banks Period 2014-2018).
Marouf, F. Z., & Guellil, Z. (2017). The Macroeconomic Determinants of Credit Risk: The Algerian Banking System. MIC 2017: Managing the Global Economy; Proceedings of the Joint International Conference, Monastier Di Treviso, Italy, 24–27 May 2017, 595–608.
Mas’ud, R., Fachrozi, F., Aminy, M. M., & Wani, A. S. (2022). The Influence of CAR, FDR, NOM and TPF on Murabahah Financing at Sharia Banks BUKU 3 of 2020 with NPF as Moderating Variable. IKONOMIKA, 6(2), 275–290. https://doi.org/10.24042/febi.v6i2.11667
Masniyah, S. A., & Asna Annisa, A. (2021). Pengaruh CAR, NPF, DAN BOPO Terhadap ROA Dengan FDR Sebgaai Variabel Intervening Pada Perbankan Syariah yang Melakukan Akuisisi. Bulletin of Management & Business (BMB), 2(1). www.ojk.go.id
Mehzabin, S., Shahriar, A., Hoque, M. N., Wanke, P., & Azad, M. A. K. (2022). The Effect of Capital Structure, Operating Efficiency and Non-Interest Income on Bank Profitability: New Evidence From Asia. Asian Journal of Economics and Banking. https://doi.org/10.1108/ajeb-03-2022-0036
Mujariyah. (2016). Pengaruh Struktur Modal Terhadap Kinerja Keuangan (Studi Pada Bank Milik BUMN yang Terdaftar di Bursa Efek Indonesia Tahun 2008-2014. In JOM FISIP (Vol. 3, Issue 2).
Munandar, A. (2022). Faktor - Faktor yang Mempengaruhi Financing to Deposit Ratio (FDR) dan Net Operating Margin (NOM) Pada Bank Umum Syariah Periode Januari 2014 - September 2021. Economica Sharia: Jurnal Pemikiran Dan Pengembangan Ekonomi Syariah , 7(2).
Munawar, A. H. (2018). Pengaruh Loan to Deposit Ratio dan Debt to Equity Ratio terhadao Return on Asset Pada PT Bank Mandiri (Persero) TBK. ADBIS, 2(2).
Nguyen, T. V. H., Pham, T. T. T., Nguyen, C. P., Nguyen, T. C., & Nguyen, B. T. (2020). Excess Liquidity and Net Interest Margins: Evidence from Vietnamese Banks. Journal of Economics and Business, 110. https://doi.org/10.1016/j.jeconbus.2020.105893
OJK. (2021). Laporan Perkembangan Keuangan Syariah Di Indonesia.
Ovamba Kiganda, E. (2014). Effect of Macroeconomic Factors on Commercial Banks Profitability in Kenya: Case of Equity Bank Limited. In Journal of Economics and Sustainable Development www.iiste.org ISSN (Vol. 5, Issue 2). www.iiste.org
Priyadi, U., Utami, K. D. S., Muhammad, R., & Nugraheni, P. (2021). Determinants of Credit Risk of Indonesian Sharīʿah Rural Banks. ISRA International Journal of Islamic Finance, 13(3), 284–301. https://doi.org/10.1108/IJIF-09-2019-0134
Rahmawati, U. A., Balafif, M., & Wahyuni, S. T. (2021). Analisis Pengaruh CAR, NPF, FDR, BOPO, dan NOM Terhadap Kinerja Keuangan (ROA) Pada Bank Umum Syariah Periode 2015-2019. Bharanomics, 2(1), 93–106. https://doi.org/10.46821/bharanomics.v2i1.194
Rani, N. (2018). Pengaruh KAP, CAR, SIZE, dan NOM Terhadap Financing to Deposit Ratio (FDR) Pada Bank Umum Syariah di Indonesia Periode 2012-2016.
Rifai, F., & Agus Suyono, N. (2019). Pengaruh Capital Adequacy Ratio, Non Performing Financing, Financing to Deposit Ratio dan Net Operating Margin Terhadap Profitabilitas Bank Syariah (Studi Empiris pada Bank Umum Syariah dan Unit Usaha Syariah yang Terdaftar di Otoritas Jasa Keuangan Periode 2012 Sampai 2018). Journal of Economic, Business and Engineering, 1(1).
Rufaidah, I. K., Djuwarsa, T., & Danisworo, D. S. (2021). Pengaruh DPK, CAR, BOPO, dan NPF terhadap Likuiditas pada Bank Umum Syariah. Journal of Applied Islamic Economics and Finance, 2(1), 187–197. https://doi.org/10.35313/jaief.v2i1.2912
Samuel, G. G., & Samuel, K. A. (2018). Assessment of the Relationship Between Leverage and Performance: An Empirical Study of Unlisted Banks in Ghana. Journal of Economics and International Finance, 10(10), 123–133. https://doi.org/10.5897/jeif2018.0920
Septiana, L., & Artati, D. (2022). Analisis Pengaruh Capital Adequacy Ratio, Non Performing Finance, Biaya Operasional Pendapatan Operasional dan Return on Asset Terhadap Likuiditas. Bisnis Manajemen Dan Akuntansi , IX(2), 2252–5483.
Siddik, M. N. A., Kabiraj, S., & Joghee, S. (2017). Impacts of Capital Structure on Performance of Banks in a Developing Economy: Evidence from Bangladesh. International Journal of Financial Studies, 5(2). https://doi.org/10.3390/ijfs5020013
Spurlin, W. P. (2022). Market Share, Larger Competition and the Profitability of Rural, Small Community Banks. Managerial Finance, 48(11), 1579–1590. https://doi.org/10.1108/MF-07-2020-0387
Szarowska, I. (2018). Effect of Macroeconomic Determinants on Non-Performing Loans in Central and Eastern European Countries. International Journal of Monetary Economics and Finance, 11(1), 20–35. https://doi.org/10.1504/IJMEF.2018.090564
Tho’in, M. (2022). Effect of Financing to Deposit Ratio and Operational Efficiency on Profitability (ROA) with NPF as Intervening in Islamic Banks. Jurnal Ilmiah Ekonomi Islam, 8(02), 2020–2026. https://doi.org/10.29040/jiei.v8i2.5857
Wahyudi, R., Fithria, A., & Wardiwiyono, S. (2020). The Relationship Between Capital Structure and Performance in Islamic Rural Bank. IJISH (International Journal of Islamic Studies and Humanities), 3(2), 82–89. https://doi.org/10.26555/ijish.v3i2.1989
Widodo, H. (2022). The Effect of Economic Growth and Unemployment on Profitability and Its Impact on the Stock Prices of Issuers Listed in the Lq45 Index for the 2017-2021 Period. Invoice Jurnal Ilmu Akuntansi , 4(1), 125–141. https://journal.unismuh.ac.id/index.php/invoice
Zampara, K., Giannopoulos, M., & Koufopoulos, D. N. (2017). Macroeconomic and Industry-Specific Determinants of Greek Bank Profitability. International Journal of Business and Economic Sciences Applied Research, 10(1), 13–22. http://hdl.handle.net/10419/185655
Addury, M. M. (2020). Struktur Modal dan Pembiayaan BPRS di Indonesia. Cakrawala: Jurnal Studi Islam, 14(2), 135–142. https://doi.org/10.31603/cakrawala.v14i2.3103
Ahmed, S., Majeed, M. E., Thalassinos, E., & Thalassinos, Y. (2021). The Impact of Bank Specific and Macro-Economic Factors on Non-Performing Loans in the Banking Sector: Evidence from an Emerging Economy. Journal of Risk and Financial Management, 14(5), 217. https://doi.org/10.3390/jrfm14050217
Ailiyah, N. (2020). Pengaruh Capital Edequacy Ratio (CAR), Financing to Deposit Ratio (FDR), Non Performing Financing (NPF), Net Operating Margin (NOM) Terhadap Profitabilitas dengan Biaya Operasional Per Pendapatan Operasional (BOPO). Lan Tabur: Jurnal Ekonomi Syariah , 2(1).
Alhaji, A. A. (2022). Capital Structure and Financial Performance of Commercial Banks in Nigeria.
Axelrad, H., Malul, M., & Luski, I. (2018). Unemployment among younger and older individuals: does conventional data about unemployment tell us the whole story? Journal for Labour Market Research, 52(1). https://doi.org/10.1186/s12651-018-0237-9
Daulay, M. A. (2021). Pengaruh BOPO dan Net Operating Margin (NOM) Terhadap Return on Equity (ROE) pada PT.Bank Syariah Mandiri Tahun 2016-2020.
Derbali, A. (2021). Determinants of the Performance of Moroccan Banks. Journal of Business and Socio-Economic Development, 1(1), 102–117. https://doi.org/10.1108/jbsed-01-2021-0003
Dewi, V. I., Tan Lian Soei, C., & Oriana Surjoko, F. (2019). The Impact of Macroeconomic Factors on Firm’s Profitability (Evidence From Fast Moving Consumer Good Firms Listed on Indonesian Stock Exchange). Academy of Accounting and Financial Studies Journal, 23(1). www.business.hsbc.co.id,
Fikri Almi, R. (2020). Pengaruh Net Operating Margin (NOM) dan Operational Efficiancy Ratio (OER) Terhadap Return on Asset (ROA) Pada PT. BNI Syariah.
Halim, S., & Buana, M. T. L. (2021). The Influence of Non-Performed Financing (NPF), Operational Costs, Financing to Deposit Ratio (FDR) and Net Operating Margin to Return on Assets at Indonesian Sharia Commercial Banks. Falah: Jurnal Ekonomi Syariah, 6(2), 44–59. https://doi.org/10.22219/jes.v6i1.16179
Ho, C. S. F., & Mohd-Raff, N. E. N. (2019). External and Internal Determinants of Performances of Shariah and Non-Shariah Compliant Firms. International Journal of Islamic and Middle Eastern Finance and Management, 12(2), 236–253. https://doi.org/10.1108/IMEFM-08-2017-0202
Horobet, A., Radulescu, M., Belascu, L., & Dita, S. M. (2021). Determinants of Bank Profitability in CEE Countries: Evidence from GMM Panel Data Estimates. Journal of Risk and Financial Management, 14(7), 307. https://doi.org/10.3390/jrfm14070307
Karno, L. L., Fathoni, A., & Amboningtyas, D. (2020). The Effect of Capital Adequacy Ratio (CAR), Net Operating Margin (NOM), Non Performing Finance (NPF) on Return on Asset (ROA) with Financing to Deposit Ratio (FDR) as Intervening Variable (Case Study on Sharia Commercial Banks Period 2014-2018).
Marouf, F. Z., & Guellil, Z. (2017). The Macroeconomic Determinants of Credit Risk: The Algerian Banking System. MIC 2017: Managing the Global Economy; Proceedings of the Joint International Conference, Monastier Di Treviso, Italy, 24–27 May 2017, 595–608.
Mas’ud, R., Fachrozi, F., Aminy, M. M., & Wani, A. S. (2022). The Influence of CAR, FDR, NOM and TPF on Murabahah Financing at Sharia Banks BUKU 3 of 2020 with NPF as Moderating Variable. IKONOMIKA, 6(2), 275–290. https://doi.org/10.24042/febi.v6i2.11667
Masniyah, S. A., & Asna Annisa, A. (2021). Pengaruh CAR, NPF, DAN BOPO Terhadap ROA Dengan FDR Sebgaai Variabel Intervening Pada Perbankan Syariah yang Melakukan Akuisisi. Bulletin of Management & Business (BMB), 2(1). www.ojk.go.id
Mehzabin, S., Shahriar, A., Hoque, M. N., Wanke, P., & Azad, M. A. K. (2022). The Effect of Capital Structure, Operating Efficiency and Non-Interest Income on Bank Profitability: New Evidence From Asia. Asian Journal of Economics and Banking. https://doi.org/10.1108/ajeb-03-2022-0036
Mujariyah. (2016). Pengaruh Struktur Modal Terhadap Kinerja Keuangan (Studi Pada Bank Milik BUMN yang Terdaftar di Bursa Efek Indonesia Tahun 2008-2014. In JOM FISIP (Vol. 3, Issue 2).
Munandar, A. (2022). Faktor - Faktor yang Mempengaruhi Financing to Deposit Ratio (FDR) dan Net Operating Margin (NOM) Pada Bank Umum Syariah Periode Januari 2014 - September 2021. Economica Sharia: Jurnal Pemikiran Dan Pengembangan Ekonomi Syariah , 7(2).
Munawar, A. H. (2018). Pengaruh Loan to Deposit Ratio dan Debt to Equity Ratio terhadao Return on Asset Pada PT Bank Mandiri (Persero) TBK. ADBIS, 2(2).
Nguyen, T. V. H., Pham, T. T. T., Nguyen, C. P., Nguyen, T. C., & Nguyen, B. T. (2020). Excess Liquidity and Net Interest Margins: Evidence from Vietnamese Banks. Journal of Economics and Business, 110. https://doi.org/10.1016/j.jeconbus.2020.105893
OJK. (2021). Laporan Perkembangan Keuangan Syariah Di Indonesia.
Ovamba Kiganda, E. (2014). Effect of Macroeconomic Factors on Commercial Banks Profitability in Kenya: Case of Equity Bank Limited. In Journal of Economics and Sustainable Development www.iiste.org ISSN (Vol. 5, Issue 2). www.iiste.org
Priyadi, U., Utami, K. D. S., Muhammad, R., & Nugraheni, P. (2021). Determinants of Credit Risk of Indonesian Sharīʿah Rural Banks. ISRA International Journal of Islamic Finance, 13(3), 284–301. https://doi.org/10.1108/IJIF-09-2019-0134
Rahmawati, U. A., Balafif, M., & Wahyuni, S. T. (2021). Analisis Pengaruh CAR, NPF, FDR, BOPO, dan NOM Terhadap Kinerja Keuangan (ROA) Pada Bank Umum Syariah Periode 2015-2019. Bharanomics, 2(1), 93–106. https://doi.org/10.46821/bharanomics.v2i1.194
Rani, N. (2018). Pengaruh KAP, CAR, SIZE, dan NOM Terhadap Financing to Deposit Ratio (FDR) Pada Bank Umum Syariah di Indonesia Periode 2012-2016.
Rifai, F., & Agus Suyono, N. (2019). Pengaruh Capital Adequacy Ratio, Non Performing Financing, Financing to Deposit Ratio dan Net Operating Margin Terhadap Profitabilitas Bank Syariah (Studi Empiris pada Bank Umum Syariah dan Unit Usaha Syariah yang Terdaftar di Otoritas Jasa Keuangan Periode 2012 Sampai 2018). Journal of Economic, Business and Engineering, 1(1).
Rufaidah, I. K., Djuwarsa, T., & Danisworo, D. S. (2021). Pengaruh DPK, CAR, BOPO, dan NPF terhadap Likuiditas pada Bank Umum Syariah. Journal of Applied Islamic Economics and Finance, 2(1), 187–197. https://doi.org/10.35313/jaief.v2i1.2912
Samuel, G. G., & Samuel, K. A. (2018). Assessment of the Relationship Between Leverage and Performance: An Empirical Study of Unlisted Banks in Ghana. Journal of Economics and International Finance, 10(10), 123–133. https://doi.org/10.5897/jeif2018.0920
Septiana, L., & Artati, D. (2022). Analisis Pengaruh Capital Adequacy Ratio, Non Performing Finance, Biaya Operasional Pendapatan Operasional dan Return on Asset Terhadap Likuiditas. Bisnis Manajemen Dan Akuntansi , IX(2), 2252–5483.
Siddik, M. N. A., Kabiraj, S., & Joghee, S. (2017). Impacts of Capital Structure on Performance of Banks in a Developing Economy: Evidence from Bangladesh. International Journal of Financial Studies, 5(2). https://doi.org/10.3390/ijfs5020013
Spurlin, W. P. (2022). Market Share, Larger Competition and the Profitability of Rural, Small Community Banks. Managerial Finance, 48(11), 1579–1590. https://doi.org/10.1108/MF-07-2020-0387
Szarowska, I. (2018). Effect of Macroeconomic Determinants on Non-Performing Loans in Central and Eastern European Countries. International Journal of Monetary Economics and Finance, 11(1), 20–35. https://doi.org/10.1504/IJMEF.2018.090564
Tho’in, M. (2022). Effect of Financing to Deposit Ratio and Operational Efficiency on Profitability (ROA) with NPF as Intervening in Islamic Banks. Jurnal Ilmiah Ekonomi Islam, 8(02), 2020–2026. https://doi.org/10.29040/jiei.v8i2.5857
Wahyudi, R., Fithria, A., & Wardiwiyono, S. (2020). The Relationship Between Capital Structure and Performance in Islamic Rural Bank. IJISH (International Journal of Islamic Studies and Humanities), 3(2), 82–89. https://doi.org/10.26555/ijish.v3i2.1989
Widodo, H. (2022). The Effect of Economic Growth and Unemployment on Profitability and Its Impact on the Stock Prices of Issuers Listed in the Lq45 Index for the 2017-2021 Period. Invoice Jurnal Ilmu Akuntansi , 4(1), 125–141. https://journal.unismuh.ac.id/index.php/invoice
Zampara, K., Giannopoulos, M., & Koufopoulos, D. N. (2017). Macroeconomic and Industry-Specific Determinants of Greek Bank Profitability. International Journal of Business and Economic Sciences Applied Research, 10(1), 13–22. http://hdl.handle.net/10419/185655