INTERAKSI ASPEK PERMODALAN, RISIKO PEMBIAYAAN, DAN INDIKATOR MAKROEKONOMI DALAM MEMPENGARUHI PROFITABILITAS BPRS DI INDONESIA PERIODE 2014-2018



Feri Irawan(1*), Hesi Eka Putri(2)

(1) IAIN Bukittinggi
(2) IAIN Bukittinggi
(*) Corresponding Author

Abstract


This study aims to analyze the effect of capital aspects (CAR),  financing risk (NPF) and macroeconomic variables including economic growth, inflation and the BI Rate on profitability (ROE) in the short and long term. The research method used in this research is quantitative research methods. The population of this research is all BPRS which are registered in the Financial Services Authority. The sampling technique used was Total Sampling, where all BPRS were used as research samples. So this study uses time series data for the monthly period from 2013-2018 and the Error-Correction Model (ECM) and cointegration approach.  The test results found that CAR and NPF do not have a significant effect on ROE in the short and long term. Economic growth, inflation and the BI Rate in the short term do not have a significant effect on ROE, in the long run economic growth, inflation and the BI Rate have a significant effect on ROE. In the short term, economic growth, inflation and the BI Rate disturb the balance of profitability, but in the long run it returns to its equilibrium level. It is necessary to integrate the BPRS policy strategy in managing capital and risk with government policies related to economic growth and inflation.


Penelitian bertujuan menganalisis pengaruh aspek permodalan (CAR), risiko pembiayaan (NPF) dan variabel makroekonomi yang meliputi pertumbuhan ekonomi, inflasi dam BI Rate terhadap profitabilitas (ROE) dalam jangka pendek dan jangka panjang. Metode Penelitian yang digunakan pada penelitian ini adalah metode penelitian Kuantitatif. Populasi penelitian ini adalah seluruh BPRS yang terdaftar di Otoritas Jasa Keuangan. Teknik penarikan sampel yang dipakai adalah Total Sampling, dimana semua BPRS dijadikan sampel penelitian.  Jadi penelitian ini menggunakan data time series periode bulanan dari tahun 2013-2018 dan pendekatan Error-Correction Model  (ECM) dan kointegrasi. Hasil uji ditemukan bahwa CAR dan NPF tidak berpengaruh secara signifikan terhadap ROE dalam jangka pendek dan jangka panjang. Pertumbuhan ekonomi, inflasi dan BI Rate dalam jangka pendek tidak berpengaruh signifikan terhadap ROE, dalam jangka panjang pertumbuhan ekonomi, inflasi dan BI Rate berpengaruh signfikan terhadap ROE. Pertumbuhan ekonomi, inflasi dan BI Rate dalam jangka pendek menggangu keseimbangan profitabilitas namun dalam jangka panjang kembali pada tingkat keseimbangannya. Diperlukan pengintegrasi strategi kebijakan BPRS dalam mengelola permodalan dan risiko dengan kebijakan pemerintah terkait dengan pertumbuhan ekonomi dan inflasi.


Keywords


BPRS, CAR, Cointegration,ECM

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