Analisis Pengaruh Financial Market Development Terhadap Capital dan Revenue Diversification pada Bank Go Public

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh financial market development yang dicerminkan oleh stock market development terhadap capital dan revenue diversification bank go public pada periode 2010-2017. Data yang digunakan merupakan data sekunder berupa laporan keuangan tahunan periode 2010-2017. Metode yang digunakan dalam penelitian adalah regresi panel. Populasi yang digunakan adalah bank go public yang terdaftar di Bursa Efek Indonesia (BEI) berjumlah 44 bank. Sampel yag digunakan adalah metode purposive sampling sebanyak 22 bank go public yang secara konsisten menerbitkan laporan keuangan tahunan bank selama periode 2010-2017. Hasil penelitian menunjukkan bahwa secara simultan financial market development, size, likuiditas, return on asset, loan loss reserves, dan loan to total asset mempengaruhi variabel dependen capital dan revenue diversification bank go public dengan taraf signifikan 5%. Variabel financial market development dan size memiliki pengaruh parsial secara signifikan terhadap variabel dependen capital. Sedangkan variabel likuiditas, return on asset, loan loss reserves, dan loan to total asset tidak berpengaruh secara signifikan terhadap variabel capital. Kemudian, hasilnya juga menunjukkan bahwa variabel financial market development, likuiditas, return on asset, loan loss reserves, dan loan to total asset secara parsial tidak berpengaruh signifikan terhadap revenue diversification. Tetapi, variabel size secara parsial berpengaruh signifikan terhadap variabel dependen revenue diversification.

This study aims to investigate how financial market development as measured by stock market development (SMD) influence capital and revenue diversification go public banks on 2010-2017. Data collection was carried out using secondary data in the form of annual financial statements during 2010-2017. The method used in this research is panel data regression. The population used in this study is the go public bank which is listed on the Indonesia Stock Exchange (IDX), which amounts to 44 banks. The sample was selected using purposive sampling method as many as 22 go public banks that constitently published the banks’s annual report during 2010-2017. The results of this research indicate that simultaneously the financial market development, size, liquidity, return on asset, loan loss reserves, and loan to total asset variables affect on the dependent variable of capital and revenue diversification of go public bank with a signature level of 5%. Financial market development and size variables have a significant partial affect on the dependant variables on capital. While, liquidity, return on asset, loan loss reserves, and loan to total asset has not a significant effect on the bank’s capital variable. Then the results also show that the bank size have a significant effect on the bank’s revenue diversification variable. However, the financial market development, liquidity, return on asset, loan loss reserves, and loan to total asset has no significant effect on the bank’s revenue diversification dependent variable.