Efektivitas Financial Leverage Sebagai Akibat Dari Kinerja Keuangan Rentan Dengan Pandemi Pada Bank Konvensional di Indonesia
DOI:
https://doi.org/10.36815/prive.v6i2.2775Keywords:
Financial Leverage, ; Kinerja Keuangan, ProfitabilitasAbstract
This study aims to examine the effect of leverage on financial performance. The data used in this study is secondary data from the financial reports of banking companies listed on the Indonesia Stock Exchange as of August 2019 -2021. In taking the sampling using purposive sampling technique. The analytical method used in this study is multiple regression analysis. The results of the study show that the Debt ratio and Debt to equity ratio have an effect on Return On Assets. Meanwhile, the Interest Covaregae Ratio has no effect on Return On Assets. For Debt to equity ratio and Interest Covaregae Ratio affect Return On Equity. Meanwhile, the Debt ratio has no effect on Return On Equity.
References
Demirgüç-Kunt, A., Pedraza, A. and Ruiz-Ortega C. Banking sector performance during the covid-19 crisis. J Bank Financ. 2021;133: 106305.
Akkas, E. and Al Samman H. Are Islamic financial institutions more resilient against the COVID-19 pandemic in the GCC countries? Int J Islam Middle East Financ Manag. 2021;
Salman, A. and Ali Q. Covid-19 and its impact on the stock market in GCC. J Sustain Financ Invest. 2021;1–17.
Alber, N. and Dabour M. The Dynamic Relationship between FinTech and Social Distancing under COVID-19 Pandemic: Digital Payments Evidence. Int J Econ Financ. 2020;12(11):109–09.
Arfah, A., Olilingo, F. Z., Syaifuddin, S., Dahliah, D., Nurmiati, N. and Putra AHPK. Economics during the global recession: sharia-economics as a post-Covid-19 agenda. J Asian Financ Econ Bus. 2020;7(11):1077–85.
Mateev, M., Tariq, M. U. and Sahyouni A. Competition, capital growth and risk-taking in emerging markets: Policy implications for banking sector stability during COVID- 19 pandemic. PLoS One. 2021;16(6):e0253803.
SUFIAN F., KAMARUDIN F. and NA. Globalization and bank efficiency nexus: empirical evidence from the Malaysian banking sector. Benchmarking An Int J [Internet]. 2017;24(5):1269–90. Tersedia pada: doi.org/10.1108/BIJ-09-2014-0090
ONGORE V. O. & KGB. Determinants of Financial Performance of Commercial Banks in Kenya. Int J Econ Financ Issues. 2013;3(1):237–252.
CELIK I. E., HACIOGLU U. and DH. Investment and Development Banking and Its Development in Turkey. Int J Financ Bank Stud. 2012;1(1):39–45.
SALIKE N. & AB. Determinants of bank’s profitability: role of poor asset quality in Asia. China Financ Rev Int. 2018;8(2):216–231.
LEEPSA N. M. & MCS. Post merger financial performance: A study with reference to select manufacturing companies in India. Int Res J Financ Econ. 2012;83:6–17.
DRECA N. Evaluation of Financial Performance of Banking Sector: Evidence from Bosnia and Herzegovina, Croatia, Serbia and Slovenia. J Econ Soc Stud. 2012;2(2):65–95.
CHADHA S. & SAK. Capital Structure and Firm Performance: Empirical Evidence from India. Vis - J Bus Perspect. 2015;19(4):295–302.
AJIBOLA A., OKERE W. and OLQ. Capital structure and financial performance of listed manufacturing firms in Nigeria. J Res Int Bus Manag. 2018;5(1):1–15.
KABAJEH M. A. M. ANSMA, N. and DF. The Relationship between the ROA, ROE and ROI Ratios with Jordanian Insurance Public Companies Market Share Prices. Int J Humanit Soc Sci. 2012;2(11):115–20.
TAANI K. Impact of Working Capital Management Policy and Financial Leverage on Financial Performance: Empirical evidence from Amman Stock Exchange – listed companies. Int J Manag Sci Bus Res. 2012;1(8):10–7.
CHANG K., JO H. and LY. Is there Informational Value in Corporate Giving? J Bus Ethics. 2018;151(2):473–96.
VINTIL? G. & NEAA. analysis of determinants of corporate financial performance: Evidence from the bucharest stock exchange listed companies. Int J Econ Financ Issues. 2015;5(3):732–9.
ROUF M. A. Corporate characteristics and leverage: evidence from Bangladesh. PSU Res Rev. 2018;2(1):96–104.
ALMAJALI A. Y., ALAMRO S. A. and A-SY. Factors Affecting the Financial Performance of Jordanian Insurance Companies Listed at Amman Stock Exchange. JManag Res. 2012;4(2):266–89.
KIZILDAG M. Financial leverage phenomenon in hospitality industry sub-sector portfolios. Int J Contemp Hosp Manag. 2015;27(8):1949–78.
AFOLABI A., OLABISI J., KAJOLA S. O. A, O AT. Does leverage affect the financial performance of Nigerian firms? J Econ Manag. 2019;37(7):5–22.
VARSHA V. Impact of Leverage on Profitability of Pantaloon Retail India Ltd. Adv Manag. 2010;3(8):52–9.
AKINMULEGUN S. O. The Effect of Financial Leverage on Corporate Performance of Some Selected Companies in Nigeria. Can Soc Sci. 2012;8(1):85–91.
Amalina, N. (2022). Pengaruh Debt To Equity Ratio, Return On Assets, Firm Size dan Current Ratio Terhadap Nilai Perusahaan. JURNAL MANAJEMEN DAN BISNIS, 1(1), 24-28.
GATSI J. G., GADZO S. G. and ARK. Degree of Financial and Operating Leverage and Profitability of Insurance Firms in Ghana. Int Bus Manag. 2013;7(2):57–65.
Thoyib, M., Firman, F., Amri, D., Wahyudi, R., & Melin, M. A. (2018). Pengaruh Current Ratio, Debt To Asset Ratio, Debt To Equity Ratio Dan Total Asset Turnover Terhadap Return On Assets Pada Perusahaan Roperti Dan Real Estate Di Bursa Efek Indonesia. Akuntanika, 4(2), 10-23.
Mahardhika, P. A., & Marbun, D. (2016). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Return On Assets. WIDYAKALA JOURNAL: JOURNAL OF PEMBANGUNAN JAYA UNIVERSITY, 3, 23-28.
Solihin, D. (2019). Pengaruh current ratio dan debt to equity ratio terhadap return on asset (roa) pada pt kalbe farma, tbk. KREATIF: Jurnal Ilmiah Prodi Manajemen Universitas Pamulang, 7(1), 115-122.
Chandra, A., Wijaya, F., Angelia, A., & Hayati, K. (2020). Pengaruh Debt to Equity Ratio, Total Assets Turnover, Firm Size, dan Current Ratio terhadap Return on Assets. Jurnal Akuntansi, Keuangan, Dan Manajemen, 2(1), 57-69.
Lestari, H. S., & Dewi, R. (2016). Pengaruh financial leverage terhadap kinerja keuangan pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Manajemen Bisnis Kompetensi.
Murviah, Y., Ferdian, T., & Nelvia, R. (2021). Pengaruh Financial Leverage Terhadap Kinerja Keuangan Perusahaan (Studi Empiris Pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2014-2018). Jurnal Ilmiah Akuntansi Dan Bisnis, 1(1).
Onyenwe, N. I., & Glory, I. (2017). Effect of financial leverage on firm’s performance: A study of Nigerian banks (2006-2015). International Journal of Recent Science Research, 8(7), 18554-18564. http://doi.org/10.24327/ijrsr.2017.0807.0530
Oyedokun, G. E., Job-Olatunji, K. A., & Sanyaolu, W. A. (2018). Capital structure and financial performance. Accounting & Taxation Review, 2(1), 65-82.
Widasari, E., & Sulastri, T. (2016). Pengaruh Debt To Assets Ratio (DAR) Dan Debt To Equity Ratio (DER) Terhadap Return On Equity (ROE) Pada Perbankan Yang Terdaftar Di Bursa Efek Indonesia (BEI). Jurnal Studia Akuntansi dan Bisnis, 4(1).
Yuniastuti, R. M. (2016). Pengaruh Dominan Cash Ratio dan Debt To Asset Ratio terhadap Return On Equity dan Return On Assets pada Perusahaan Transportasi di Bursa Efek Indonesia. Jurnal Manajemen Magister Darmajaya, 2(01), 95-104.
Melati, P., & Kusjono, G. (2021). Pengaruh Current Ratio Dan Debt To Asset Ratio Terhadap Return On Equity Pada PT Ace Hardware Indonesia, Tbk Tahun 2010-2019. Jurnal Disrupsi Bisnis, 4(3), 259-268.
Pongrangga, R. A., Dzulkirom, M., & Saifi, M. (2015). Pengaruh Current Ratio, Total Asset Turnover dan Debt to Equity Ratio terhadap Return on Equity (Studi pada perusahaan sub sektor property dan real estate yang terdaftar di BEI periode 2011-2014). Jurnal Administrasi Bisnis, 25(2).
Hendawati, H. (2017). Analisis Current Ratio, Debt To Equity Ratio Dan Total Asset Turn Over Terhadap Return on Equity. Jurnal Sikap, 1(2), 97-111.
Salim, J. (2015). Pengaruh Leverage (DAR, DER, dan TIER) Terhadap ROE Perusahaan Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2010–2014. Perbanas review, 1(01).
Jufrizen, J., & Sari, M. (2019). Pengaruh Current Ratio, Debt to Equity Ratio dan Firm Size terhadap Return on Equity. Jurnal Riset Akuntansi Aksioma, 18(1), 156-191. https://doi.org/10.29303/aksioma.v18i1.58
Sari, R. R. (2019). Analisis Pengaruh Struktur Modal dan Tata Kelola Perusahaan terhadap Profitabilitas pada Perusahaan yang Terdaftar di Bursa Efek Indonesia (Doctoral dissertation, Universitas Internasional Batam
.png){kind=logo}
