FINANCIAL PERFORMANCE AND COMPANY VALUE OF SHARIAH BANKING IN INDONESIA
DOI:
https://doi.org/10.14738/abr.91.9638Keywords:
CAR, FDR, NPF, ROA, Company ValueAbstract
This research aims to understand the influence of CAR, FDR, NPF, and ROA to the Company Value of Shariah Banking in Indonesia. The study is done at the Indonesian Stock Exchange and Shariah Banking in Indonesia. The research object on the company financial report shariah banks in the form of financial reports the period of 2014 – 2019 is loaded in the Indonesian Capital Markets Directory as well as data originating from IDX, ICMD, and annual report. To test the hypotheses of variable X and variable Y simultaneously using the F, while based on partial use t. The data used was secondary data. In this research used time series data and cross section (pooling data), and based on the criteria, the number of sample which satisfies the criteria of as many as 8 shariah banks of 12 shariah banking as the population.
The result showed that simultaneously CAR, FDR, NPF and ROA have significant impact on the company value. In partial CAR and ROA on this fact have a positive and significant on the company value, NPF have a negative and significant on the company value, and FDR have an insignificant for the company value. The result is expected to be a valuable input especially for investors as consideration in decision making of investing; also for the company management is expected to be a consideration in this matter, in addition, the result of this research can be an important reference to the similar research for the benefit of applied and science development
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Repi S, Sri Murni, Adare Decky, 2016, Factors that Influence the Banking Subsector Company Value in BEI to Face the MEA, Jurnal EMBA, Vol. 4 No. 1 Maret 2016.
Reza Noor Alamsyah, Azhar Latief, 2019, The Influence of Profitability and Size on Banking Company Value that Listed in Indonesia Stock Exchange, Jurnal Borneo Studen Researh
Riyanto, Bambang . 1999. The Basic of Spending Company, ed. 4, BPFE-YOGYAKARTA.
Rundupadang, J.A, Mangantar, M. Van Rate, P. 2018, The Influence of Financial Ratios on Banks Performance Listed at Indonesia Stock Exchange in Periode 2008 – 2016, Jurnal EMBA Vol. 6 No. 3
Siti Maimunah, Tasya Fahtiani, 2019, The Influence of NPL, ROA and CAR on PBV at BUMN Bank, Jurnal Informasi Perpajakan, Akuntansi dan Keuangan Publik, Vol. 14 No. 1 Januari 2019
Sri Astuti Putri Ramdhani, Maulidyati Aisyah, 2018, Fundamental Factors on Banking Stock Prices, Jurnal Analisis Bisnis Ekonomi, Vol. 16Nomor 1, April 2018
Stevani, Tonny Sudirgo, 2019, the Analysis of CAR, BOPO, and LDR on ROA Banking Company, Jurnal Multiparadigma Akuntansi Vol. 1 No. 3
Suad Husan dan Enny Pudjiastuti, 2015, The Basic of Financial Management, Penerbit UPP STIM YKPN, Yogyakarta.
Sundus Nur Halimah dan Eus Komariah, 2017, The Influence ROA, CAR, NPL, LDR, BOPO on Company Value, Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis, Vol. 5 No. 1 Juli 2017 https://doi.org/10.3087/jaemn v5il.448
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Suripto, 2015, Financial Management, Penerbit Graha Ilmu Yogyakarta
Umam, Khaerul.2013 Manajemen Perbankan Syariah.Bandung: Pustaka Setia
Ummah, F, K. Suprapto E. 2015 “Factors that affect profitability at the Indonesian Muamalat Bank”. Jurnal Ekonomi dan Perbankan Syariah.Oktober 2015.Vol.3, No. 2.www.jurnal.sebi.ac.id Di akses pada tanggal 10 Okrober 2019.
Wahyu Ardimas, Wardoyo, 2014, the Influence of Financial Performance and Corporate Social Responsibility on Company Value at Bank Go Public that Listed in BEI, Jurnal Benefit, Vol. 18 Nomor 1 Juni 2014
Watung R. S dan Ilat V, 2016 , The Influence of Return On asset (ROA), Net Profit Margin (NPM), and Earning Per Share (EPS) on Stock Prices in Banking Company at Indonesia Stock Exchange 2011 – 2015, Jurnal EMBA, Vol. 4 No. 2 Juni 2016
Welley Morenly, 2015, Factors that Influence Company Value in Agricultural Sector at Indonesia Stock Exchange, Jurnal EMBA Vol.4 No.1 Desember 2015
Yudhistira Ardana, 2018, Financial Performance and Company Value: The Analysis of Panel Data on Jakarta Islamic Index, Jurnal Masharifal-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol. 3 No. 2 2018
Zakchona, E, 2016, Analysis of financial performance impact on expected return of listed bank
stock in Indonesian Capital Market www.undip.ac.id
Zulifiah, F. Joni S. 2014 Pengaruh Inflasi, BI Rate. Capital dequacy Ratio (CAR), Non Performing Loan
(NPL) dan Biaya Operasi Pendapatan Operasional (BOPO) Terhadap Profitabilitas Bank Umum Syariah Periode 2008 – 2012. Jurnal Ilmu Manajemen, Vol. 2 Nomor 3 www.jurnalmahasiswa.unesa.ac.id
Agus Sartono, 2010, Financial Management. Teori dan Aplikasi, Penerbit BPFE Yokyakarta
Awat, Napa J, 1999, Financial Management, Mathematical Approach, Penerbit PT Gramedia Pustaka Utama, Jakarta
Bank Indonesia, Bank Indonesia Regulations No. 6/10/PBI/2004 the Assessment System Commercial Banks Health Rate
Bambang Agus Pramuka, 2010, Factors that Influence the Profitability Rate of Shariah Commercial Bank, JURNAL AKUNTANSI, MANAJEMEN BISNIS DAN SEKTOR PUBLIK (JAMBSP), ISSN 1829 – 9857.
Brigham, Eugene F. and Joel F. Houston. 2011. Essentials of Financial Management. Buku 2.Edisi 11. Jakarta:Salemba Empat.
Catriwati, 2017, The Influence of CAR, ROA, LDR, NIM, NPL, LDR, and Asset Growth on the Price of Banking Stocks, Jurnal Intra-Tech Vol 1 No. 2, Oktober 2017
Cristiano dkk (2014), The Analysis of Financial Ratios to Measure the Profitability on Go Public Private Banks in Indonesia Stock Exchange, Juranl EMBA, Vol. 2 No. 4, DOI: https://doi.org/10.35794/emba.v2i4.6490
Dahlan Siamat, 2005, Financial Institution Management, Lembaga Penerbit Fakultas Ekonomi Universitas Indonesia
Darmawi, H, 2011, Banking Management, Numi Aksara, Jakarta
Dendawijaya Lukman, 2005, Banking Management, Penerbit Ghalia Indonesia
Edhi Satriyo, W Muhammad, Syaichu, 2013, Analisis Pengaruh Suku Bunga, Inflasi, CAR, BOPO. NPF Terhadap Profitabilitas Bank Syariah Journal of Accounting Vol. 2 No. 2. www.ejournal3.undip.ac.id
Fitra Dwi Rahmadani, Sri Mangesti Rahayu, The Influence of GCG, Profitability and Leverage on Company Value (A Case study to Banking Company that Listed in BEI 2013 – 2015), Jurnal JAB Vol. 52 No. 1 November 2017
Fordian Dian, 2017, The Influence of CAR, LDR and EPS on Stock Prices (A study of BUMN Bank that Listing on BEI 2012 – 2016), Jurnal Bisnis Darmajaya, Vol, 3 No. 1, Januari 2017.
Harmono, 2014, Financial Management, Penerbit Bumi Aksara, Jakarta
Hasibuan M, 2009, the Basic of Banking, PT Grafindo, Jakarta
I Made Sudana, 2015, Corporate Financial Management, Penerbit Erlangga
Imanada Firmantyas Putri Pertiwi, 2017, Financial Performance and IFRI: a Study of Relevance on Shariah Banking Sector in ASEAN, Jurnal Iqtishadiah, Jurnal Ekonomi dan Perbankan Syariah Vol. 4 No. 1, Juni 2017
Indra Satria dan Iha Haryani Hatta, 2015, The Influence of Financial Performance on Stock Prices 10 Leading Bank in Indonesia, Jurnal Akuntansi Vol. XIX No. 02 Mei 2015
Iqbal M. Notoatmojo, 2020, Factors that Affecting the Banking Company Value in Indonesia 2012 – 2017, Jurnal JAKA, No.1 (Vo;. 1), 2020
Jogiyanto Hartono, 2015, the Theory of Portfolio and Investment Analysis, Edisi Kesepuluh, Penerbit BPFE Yogyakarta.
Kasmir, 2014, Analysis of Financial Statement , Edisi Revisi, Penerbit Ghalia Indonesia, Jakarta
Lemiyana dan Erdah Litriani. 2016, Pengaruh NPF, FDR, BOPO Terhadap Return On Asset (ROA) Pada Bank Umum Syariah, I-Economi. Juli 2016.Vol.2, No. 1.
Lukas Setia Atmaja, 2003, Financial Management, Penerbit Andi, Yogyakarta
Made Ria Anggreni and I Made Sadha Suardhika, 2014, Pengaruh Dana Pihak Ketiga, Kecukupan Modal, Risiko Kredit Dan Suku Bunga Kredit Pada Profitabilitas, E-Jurnal Akuntansi Universitas Udayana 91 (2014)
Mamduh Hanafi. 2011. Financial Management, Edisi 1. BPFE: Yogyakarta
Manurung, Adler Haymans, 2012, Corporate Finance Theory, Penerbit Adler Manurung Press, Januari 2012
Marzeku, I, 2018, Ekploring the Liquidity risk factors in the Balkan region banking system www.undip.ac.id
Muhamad, 2014, Shariah Bank Management, Rajawali Press, Yogyakarta
Muhammad, 2005, Bank Syariah Problem Dan prospek Perkembangan Di Indonesia, Graha Ilmu
Nur'aeni, Valia Zadtyva, 2019, The Influence of Non-Performing Financing, Financing To Deposit Ratio and Operational Income Cost on Return On Asset (A Case Study in PT Bank Brisyariah), Jurnal AIMS, Vol. 2 No. 2
Nyoman Sentosa Hardika, I Dewa Made Mahayana, Kadek Eni Marhaeni, 2018, An Analysis of Factors Imfluence Company Value on Banking Company that Listed in Indonesia Stock Exchange, Jurnal Bisnis dan Kewirausahaan, Vol. 14 No. 3 November 2018
Pardiyanto, E. S. 2016, The Influence of Capital Structure, Profitability, the Size of the Company and Liquidity on Company Value (Study in Non-Banking Financial Companies that Listed on BEI 2010 – 2014), Surakarta Universitas Muhammaduyah Surakarta
Repi S, Sri Murni, Adare Decky, 2016, Factors that Influence the Banking Subsector Company Value in BEI to Face the MEA, Jurnal EMBA, Vol. 4 No. 1 Maret 2016.
Reza Noor Alamsyah, Azhar Latief, 2019, The Influence of Profitability and Size on Banking Company Value that Listed in Indonesia Stock Exchange, Jurnal Borneo Studen Researh
Riyanto, Bambang . 1999. The Basic of Spending Company, ed. 4, BPFE-YOGYAKARTA.
Rundupadang, J.A, Mangantar, M. Van Rate, P. 2018, The Influence of Financial Ratios on Banks Performance Listed at Indonesia Stock Exchange in Periode 2008 – 2016, Jurnal EMBA Vol. 6 No. 3
Siti Maimunah, Tasya Fahtiani, 2019, The Influence of NPL, ROA and CAR on PBV at BUMN Bank, Jurnal Informasi Perpajakan, Akuntansi dan Keuangan Publik, Vol. 14 No. 1 Januari 2019
Sri Astuti Putri Ramdhani, Maulidyati Aisyah, 2018, Fundamental Factors on Banking Stock Prices, Jurnal Analisis Bisnis Ekonomi, Vol. 16Nomor 1, April 2018
Stevani, Tonny Sudirgo, 2019, the Analysis of CAR, BOPO, and LDR on ROA Banking Company, Jurnal Multiparadigma Akuntansi Vol. 1 No. 3
Suad Husan dan Enny Pudjiastuti, 2015, The Basic of Financial Management, Penerbit UPP STIM YKPN, Yogyakarta.
Sundus Nur Halimah dan Eus Komariah, 2017, The Influence ROA, CAR, NPL, LDR, BOPO on Company Value, Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis, Vol. 5 No. 1 Juli 2017 https://doi.org/10.3087/jaemn v5il.448
Suranto, V. A. H.M., Nangoi, G.B., Walandow, S.K. 2017, Analysis of The Effect of Capital Structure and Financial Performance on Firm Value in Banking Company in Indonesia Stock Exchange, Jurnal EMBA Vol. 5 No. 2 Juni 2017
Suripto, 2015, Financial Management, Penerbit Graha Ilmu Yogyakarta
Umam, Khaerul.2013 Manajemen Perbankan Syariah.Bandung: Pustaka Setia
Ummah, F, K. Suprapto E. 2015 “Factors that affect profitability at the Indonesian Muamalat Bank”. Jurnal Ekonomi dan Perbankan Syariah.Oktober 2015.Vol.3, No. 2.www.jurnal.sebi.ac.id Di akses pada tanggal 10 Okrober 2019.
Wahyu Ardimas, Wardoyo, 2014, the Influence of Financial Performance and Corporate Social Responsibility on Company Value at Bank Go Public that Listed in BEI, Jurnal Benefit, Vol. 18 Nomor 1 Juni 2014
Watung R. S dan Ilat V, 2016 , The Influence of Return On asset (ROA), Net Profit Margin (NPM), and Earning Per Share (EPS) on Stock Prices in Banking Company at Indonesia Stock Exchange 2011 – 2015, Jurnal EMBA, Vol. 4 No. 2 Juni 2016
Welley Morenly, 2015, Factors that Influence Company Value in Agricultural Sector at Indonesia Stock Exchange, Jurnal EMBA Vol.4 No.1 Desember 2015
Yudhistira Ardana, 2018, Financial Performance and Company Value: The Analysis of Panel Data on Jakarta Islamic Index, Jurnal Masharifal-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol. 3 No. 2 2018
Zakchona, E, 2016, Analysis of financial performance impact on expected return of listed bank
stock in Indonesian Capital Market www.undip.ac.id
Zulifiah, F. Joni S. 2014 Pengaruh Inflasi, BI Rate. Capital dequacy Ratio (CAR), Non Performing Loan
(NPL) dan Biaya Operasi Pendapatan Operasional (BOPO) Terhadap Profitabilitas Bank Umum Syariah Periode 2008 – 2012. Jurnal Ilmu Manajemen, Vol. 2 Nomor 3 www.jurnalmahasiswa.unesa.ac.id
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Published
2021-02-05
How to Cite
Murni, S. (2021). FINANCIAL PERFORMANCE AND COMPANY VALUE OF SHARIAH BANKING IN INDONESIA. Archives of Business Research, 9(1), 163–181. https://doi.org/10.14738/abr.91.9638
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