Analisis Pengaruh Charter Value terhadap Perilaku Risiko Bank Go-Public di Indonesia

Abstract

This study aims to determine the effect of charter value on the risk behaviour of go-public banks in Indonesia. Risk behaviour as the dependent variable in this study consists of two risks, namely, non-performing loans risk and bankruptcy risk (z-score). Charter value is an independent variable in the study which is calculated using the Tobin's q indicator. In this study there are five control variables, namely size, capital ratio, return on assets, non-interest income ratio and cost income ratio. This study uses descriptive quantitative research with a dynamic panel data regression model using the Generalised Method of Moment (GMM) estimation method. There are 47 go-public banking institutions in Indonesia which are the population in this study. The sample selection in this study was carried out using purposive sampling method, so that 35 banking institutions were selected that met the criteria according to what the researchers set. This study uses secondary data in the form of quarterly financial publication reports of each bank. The results obtained show that charter value has a significant negative effect on non-performing loans. Then, it is found that the charter value has a significant positive effect on z-score.