Analisis Pengaruh Asset-Liability Management dan Rasio Intermediasi Makroprudensial Terhadap Profitabilitas Bank Umum Konvensional yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2024

Abstract

This study aims to examine the impact of Asset-Liability Management—measured using the variables of Productive Asset Ratio, Net Interest Margin, Loan to Asset Ratio, Current Account and Saving Account, and Interest Rate Risk alongside the Macroprudential Intermediation Ratio and the COVID-19 pandemic, on the profitability (Return on Assets) of conventional commercial banks listed on the Indonesia Stock Exchange during the period 2018–2024. The data used in this study were obtained from audited financial statements issued by Public Accounting Firms and published on the Indonesia Stock Exchange within the specified period. The analytical methods employed include descriptive analysis and multiple linear panel data regression using the Random Effect Model approach. The population of this study comprises 105 conventional commercial banks operating in Indonesia as of 2024, from which a sample of 42 banks was selected. The results indicate that among the Asset-Liability Management indicators, the Productive Asset Ratio has a positive but statistically insignificant effect on profitability, Net Interest Margin has a positive and significant effect, Loan to Asset Ratio has a positive and insignificant effect, Current Account and Saving Account has a positive and significant effect, and Interest Rate Risk has a negative and insignificant effect. Additionally, the Macroprudential Intermediation Ratio shows a positive and insignificant effect on profitability. The dummy variable representing the COVID-19 pandemic exhibits a negative and statistically insignificant effect on bank profitability.