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"ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh pemegang saham pengendali terhadap aktivitas OBS bank dan relevansi nilainya. Sampel penelitian ini adalah bank yang terdaftar di BEI tahun 2002-2012, dengan jumlah observasi sebanyak 211 tahun-perusahaan (67 asing dan 144 domestik), dan diolah dengan menggunakan regresi unbalanced panel data. Hasil yang diperoleh dari penelitian ini adalah: Pemegang saham pengendali memiliki pengaruh yang positif dan signifikan terhadap penggunaan aktivitas OBS pada bank-bank di Indonesia; Pengaruh pemegang saham pengendali terhadap aktivitas OBS tidak lebih besar pada bank yang pemegang saham pengendalinya adalah asing daripada pada bank yang pemegang saham pengendalinya adalah domestik; Tingkat penggunaan aktivitas OBS tidak berbeda pada bank dengan pemegang saham pengendali asing maupun pada bank dengan pemegang saham pengendali domestik; dan Penggunaan aktivitas OBS di bank memiliki relevansi nilai di mata investor.

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ABSTRACT

This study aims to investigate the effect of controlling shareholders on banks? offbalance sheet activities and value relevance. The data used in this study is all banks listed on the Indonesia Stock Exchange 2002-2012, the number of observation employed is 211 firm-year (which is consist of 67 firm-year foreign controlling shareholders and 144 firm-year domestic controlling shareholders), and regressed by using unbalanced panel data. The results found in this study, namely: Controlling shareholders have positive and significant effect on banks? off-balance sheet activities; The effect of controlling shareholders on banks? offbalance sheet activities is not stronger in banks controlled by foreign controlling shareholders than in banks controlled by domestic controlling shareholders; The level (volume) of banks? off-balance sheet activities is not different in banks controlled by foreign controlling shareholders and in banks controlled by domestic controlling shareholders; and Banks? off-balance sheet activities has value relevance."

"Tesis ini bertujuan untuk menganalisis hubungan antara rasio kredit terhadap dana pihak ketiga atau Loan to Deposit Ratio (LDR) dan beberapa variabel lainnya seperti Net Interest Margin (NIM) dan Non Performing Loan (NPL) terhadap aktivitas off-balance sheet yang dilakukan oleh bank umum di Indonesia. Selain itu, tesis ini juga menganalisis hubungan antara aktivitas off-balance sheet beserta beberapa variabel lainnya seperti Net Interest Margin (NIM), Capital Adequacy Ratio (CAR) dan Non performing Loan (NPL) terhadap profitabilitas bank umum yang diwakili oleh variabel Return on Asset (ROA). Penelitian dilakukan dengan menggunakan metode regresi linier berganda dan metode estimasi Ordinary Least Squares (OLS), menggunakan data time series kuartalan dari kuartal I/2005 sampai dengan kuartal IV/2013. Pada model pertama, LDR terbukti berpengaruh positif terhadap aktivitas off-balance sheet. Di samping itu, NPL juga terbukti berpengaruh negatif, sementara NIM tidak memiliki pengaruh terhadap aktivitas off-balance sheet. Pada model yang kedua, seluruh variabel yang diuji terbukti memiliki pengaruh yang signifikan, dimana aktivitas off-balance sheet, NIM dan CAR memiliki pengaruh positif, sedangkan NPL memiliki pengaruh negatif terhadap profitabilitas bank.

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This study aims to analyze the effect of Loan to Deposit Ratio (LDR) and other variables such as Net Interest Margin (NIM) and Non Performing Loan (NPL) on off-balance sheet activities of Indonesian commercial banks. It also analyzes the effect of off-balance sheet activities and other variables like Net Interest Margin (NIM), Capital Adequacy Ratio (CAR) and Non performing Loan (NPL) on the banks profitability, which is measured by Return on Asset (ROA).

The research is done using Multiple Linear Regression and Ordinary Least Squares (OLS) method. The data used in this study is quarterly time series data from Q I/2005 to Q IV/2013. In the first model, the result shows that LDR has a positive effect, where NPL has a negative effect, and NIM has no significant effect on off-balance sheet activities. In the second model, the result shows that all of the variables used have significant effect on profitability, where off-balance sheet activities, NIM and CAR have positive effect, while NPL has negative effect."

"Tujuan dari penelitian ini adalah untuk menguji secara empiris relevansi nilai pengungkapan instrumen keuangan berdasarkan PSAK 60 (2010) pada bank yang terdaftar di Bursa Efek Indonesia. Penelitian ini juga menguji apakah terdapat perubahan relevansi nilai tingkat pengungkapan instrumen keuangan setelah penerapan PSAK 60 (2010). Sampel yang digunakan adalah bank yang terdaftar di Bursa Efek Indonesia dengan tahun penelitian 2010-2013. Hasil penelitian menunjukkan bahwa tingkat pengungkapan instrumen keuangan terbukti memiliki relevansi nilai di perbankan. Selain itu ditemukan adanya penurunan relevansi nilai pengungkapan instrumen keuangan pada saat setelah penerapan PSAK 60. Penelitian ini juga menemukan tingkat pengungkapan instrumen keuangan menurut PSAK 60 mengalami kenaikan pada saat penerapan PSAK 60 diwajibkan, namun belum semua bank melakukan pengungkapan instrumen keuangan secara penuh, terutama pada komponen pengungkapan akuntansi lindung nilai.

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The purpose of this research is to test empirically the value relevance of the financial instruments disclosures on the banking company in Indonesia. The reasearch also examines whether there is a change in the value relevance of financial instruments disclosure after the apdoption of PSAK 60 (2010). The sample used are banks listed in Indonesia Stock Exchange with years of research from 2010 to 2013.

The results showed that the disclosure of financial instruments shown to have value relevance in banking companies. There is also found a decrease in the value relevance after the adoption of PSAK 60. This research also found that financial instrument disclosures based on PSAK 60 increased during the adoption of PSAK 60, but not all banks do the financial instruments disclosures in fully disclosure, mainly on components for hedge accounting disclosures."

"[ABSTRAKPenelitian ini menguji relevansi risiko atas tiga model pengukuran laba yaitu net income, comprehensive income dan full fair value income bank-bank di Indonesia tahun 2010-2013. Relevansi diukur melalui hubungan antara volatilitas net income, volatilitas incremental pada laba komprehensif serta volatilitas incremental pada laba nilai wajar (full fair value income) terhadap harga saham, tingkat return harga saham dan volatilitas harga saham. Hasil penelitian menemukan bahwa volatilitas incremental pada laba komprehensif serta volatilitas incremental pada laba nilai wajar (full fair value income) berhubungan signifikan terhadap harga saham, tingkat return harga saham serta volatilitas harga saham.Hal ini mengimplikasikan bahwa pengungkapan nilai wajar atas aset dan liabilitaskeuangan dipakai oleh investor dalam rangka mengambil keputusan bisnis sehingga sebaiknya informasi atas nilai wajar aset dan liabilitas keuangan dimasukan menjadi komponen dalam laporan laba rugi tidak hanya dicantumkan dalam catatan atas laporan keuangan.

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ABSTRACTThe objective of this study is to examine the risk relevance of three models of income measurement: net income, comprehensive income and the full fair value income on banks in Indonesia for 2010-2013. Relevance is measured by the relationship between the volatility of net income, incremental volatility of comprehensive income and incremental volatility of full fair value of income to stock prices, stock prices return and stock price volatility. The results of this research explains that incremental volatility of comprehensive income and incremental volatility of full fair value income are significant to stock prices, stock prices return and the stock price volatility. It is implied that the fair value disclosure of financial assets and liabilities is used by investors in their business analysis, therefore the information of the fair value of financial assets and liabilities should be made into income statement and not be disclosed only innotes to the financial statements.;The objective of this study is to examine the risk relevance of three models ofincome measurement: net income, comprehensive income and the full fair valueincome on banks in Indonesia for 2010-2013. Relevance is measured by therelationship between the volatility of net income, incremental volatility ofcomprehensive income and incremental volatility of full fair value of income tostock prices, stock prices return and stock price volatility. The results of thisresearch explains that incremental volatility of comprehensive income andincremental volatility of full fair value income are significant to stock prices,stock prices return and the stock price volatility. It is implied that the fair valuedisclosure of financial assets and liabilities is used by investors in their businessanalysis, therefore the information of the fair value of financial assets andliabilities should be made into income statement and not be disclosed only innotes to the financial statements., The objective of this study is to examine the risk relevance of three models ofincome measurement: net income, comprehensive income and the full fair valueincome on banks in Indonesia for 2010-2013. Relevance is measured by therelationship between the volatility of net income, incremental volatility ofcomprehensive income and incremental volatility of full fair value of income tostock prices, stock prices return and stock price volatility. The results of thisresearch explains that incremental volatility of comprehensive income andincremental volatility of full fair value income are significant to stock prices,stock prices return and the stock price volatility. It is implied that the fair valuedisclosure of financial assets and liabilities is used by investors in their businessanalysis, therefore the information of the fair value of financial assets andliabilities should be made into income statement and not be disclosed only innotes to the financial statements.]"

"Penelitian ini bertujuan untuk mengetahui bagaimana pengaruh aktivitas off-balance sheet (OBS) yang dicerminkan oleh share of non-interest income (snonin) terhadap profitabilitas BUSN Devisa di Indonesia periode 2004-2010. Penelitian ini menggunakan loan loss provision (LLP) sebagai variabel kontrol dan krisis keuangan global sebagai variabel dummy. Variabel-variabel yang digunakan untuk mewakili profitabilitas bank adalah ROA dan ROE. Data yang digunakan dalam penelitian ini diperoleh dari laporan keuangan bulanan bank yang dipublikasikan di Bank Indonesia dengan sampel 30 BUSN Devisa. Metode regresi linier berganda pada data panel dengan pendekatan Fixed Effect Model dan Generalized Least Square adalah model terbaik pada setiap model regresi. Hasil regresi menunjukkan bahwa snonin berpengaruh negatif tidak signifikan terhadap ROA, sedangkan LLP dan krisis keuangan global berpengaruh negatif signifikan. Pada ROE, semua variabel independen yakni snonin, LLP, dan krisis keuangan global berpengaruh negatif signifikan.

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This study aims to determine how the impact of off-balance sheet (OBS) activities as measured by share of non-interest income (snonin) on return of Foreign Exchange Commercial Bank in Indonesia during 2004-2010. This study uses loan loss provision (LLP) as a control variable and the global financial crisis as a dummy variable. The variables used to present bank prifitability are ROA and ROE. The data used in this study were obtained from the bank?s monthly financial report which published in Bank Indonesia official website with sample of 30 Foreign Exchange Commercial Banks. Method of multiple linear regressions on panel data approach using Fixed Effect Model and The Generalized Least Square are the best model in each regression. Regression results show that snonin has nonsignificant negative effect on ROA, while LLP and global financial crisis negatively affected significantly. In ROE, all independent variables negatively affected significantly."

"ABSTRAKHadirnya teknologi baru seperti block chain, artificial intelligence, dan lainnya membawa kemunculan perusahaan fintech pada industry keuangan yang memainkan peran serupa seperti retail banks yaitu consumer banking. Penelitian ini membahas pengaruh fintech terhadap imbal hasil saham retail banks yang terdaftar di Bursa Efek Indonesia periode 2016-2018. Sebagai variable independen, fintech diproksikan sebagai fintech funding frequency atau frekuensi pendanaan fintech dan fintech funding value atau nilai pendanaan fintech. Penelitian ini adalah penelitian kuantitatif dengan data bulanan dari Januari 2016 hingga Oktober 2018. Data fintech funding diperoleh dari situs Crunchbase, sementara data imbal hasil saham diperoleh dari situs Investing. Dengan menggunakan data panel dan model Fama French 3 Factors, penelitian ini menemukan bahwa tidak terdapat pengaruh fintech terhadap imbal hasil saham retail banks yang terdaftar di Bursa Efek Indonesia periode 2016-2018.

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ABSTRACTNew technology such as block chain, artificial intelligence, and others lead to the emergence of fintech companies playing the same role as retail banks, which is consumer banking, on financial industry. This research examines the effect of the effect of fintech on retail banks stock return listed in Indonesia Stock Exchange for the period 2016-2018. Fintech as independent variable is proxied by fintech funding frequency and fintech funding value. This research is a conducted quantitatively with monthly data from January 2016 to October 2018. Fintech funding data is obtained from Crunchbase, while stock return data is obtained from Investing. By using panel data study and Fama French 3 Factors model, this research found no effect of fintech on retail banks stock return listed in Indonesia Stock Exchange for the period 2016-2018."

"Upaya penanggulangan COVID-19 mengganggu banyak sektor ekonomi kecuali sektor kesehatan, akan tetapi mengetahui bahwa belum tentu semua bisnis dalam sektor kesehatan bisa memanfaatkan momentum memotivasi studi ini untuk mengetahui apakah terdapat perbedaan pada profitabilitas dan neraca keuangan perusahaan anggota sektor kesehatan Bursa Efek Indonesia antara sebelum dan saat pandemi COVID-19. Studi ini menggunakan metode observasi retrospektif yaitu dengan mengamati data keuangan tahunan 23 perusahaan anggota sektor kesehatan Bursa Efek Indonesia periode 2018 – 2021. Hasil Studi menunjukan adanya perbedaan bermakna secara statistik pada Cash Ratio dan Return on Asset perusahaan anggota sektor kesehatan Bursa Efek Indonesia antara sebelum dengan saat pandemi COVID-19 sedangkan rasio lainnya seperti Current Ratio, Debt to Equity Ratio, Long-term Debt to Equity Ratio dan Return on Equity tidak menunjukan perbedaan bermakna. Perusahaan anggota sektor kesehatan Bursa Efek Indonesia diharapkan untuk dapat meningkatkan atau mempertahankan profitabilitas, likuiditas dan solvabilitas miliknya agar dapat tetap menjaga kelangsungan bisnis dan terus meningkatkan derajat kesehatan masyarakat Indonesia.

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Efforts to contain COVID-19 disrupted many economic sectors except the health sector, but knowing that not all businesses in the health sector can take advantage of the momentum motivated this study to find out whether there are differences in the profitability and balance sheets of companies that are members of the health sector of the Indonesia Stock Exchange between before and during the COVID-19 pandemic. This study uses a retrospective observation method, namely by observing the annual financial data of 23 companies that are health sector members of the Indonesia Stock Exchange during the 2018 - 2021 financial period. The results show that there are statistically significant differences in the Cash Ratio and Return on Assets of health sector companies listed in Indonesia Stock Exchange between before and during the COVID-19 pandemic, while other ratios such as the Current Ratio, Debt to Equity Ratio, Long-term Debt to Equity Ratio and Return on Equity did not show significant differences. Companies listed as Indonesia Stock Exchange’s health sector members are expected to be able to increase or at least maintain their profitability, liquidity and solvability in order to maintain business continuity and continue to improve the health status of the Indonesian people."

"Skripsi ini menganalisa mengenai faktor-faktor yang mempengaruhi profitabilitas pada sepuluh Bank dengan aset terbesar yang dirilis oleh Bank Indonesia. Tujuan dari penelitian ini adalah untuk mengetahui seberapa besar pengaruh dari faktor internal yang merepresentasikan hasil dari kemampuan manajemen bank seperti Bank Size (Size), Non- Interest Income (NII), Non-Interest Expense (NIE), Equity per Asset (EQASS), Loan Loss Provision (LLP) dan untuk faktor eksternalnya yang merupakan pengaruh dari kondisi makro ekonomi Indonesia adalah Gross Domestic Product (GDP), Money Supply Growth (MSG), Inflasi (INFL) terhadap profitabilitas Bank-bank dengan aset terbesar di Indonesia. Dalam penelitian ini, digunakan metode data panel dengan estimasi Random. Dari hasil penelitian yang telah dilakukan dengan menggunakan aplikasi E-views, didapatkan hasil bahwa faktor internal seperti Bank Size dan Equity per Assets dan faktor eksternal seperti Money Supply Growth signifikan mempengaruhi profitabilitas.

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This script analyzes the factors that affect the profitability of the ten bank with the largest assets released by Bank Indonesia . The purpose of this study was to determine how big the influence of internal factors that represent the results of the management capabilities of banks such as Bank Size ( Size ) , Non - Interest Income ( NII ) , Non - Interest Expense ( NIE ) , Equity per Asset ( EQASS ) , Loan Loss Provision ( LLP ) and for the external factor which is the influence of macroeconomic conditions of Indonesia is Gross Domestic Product (GDP ) , Money Supply Growth ( MSG ) , Inflation ( INFL) on the profitability of banks with the largest assets in Indonesia . In this study , the method used panel data with Random estimation . From the research that has been done using the application of E - views , showed that internal factors such as Bank Size and Equity per Assets and external factors such as the Money Supply Growth significantly affect profitability."

"Jumlah leverage baik itu merupakan kategori on balance sheet leverage ataupun off balance sheet leverage telah memicu negara-negara di Asia Tenggara (Indonesia, Malaysia, Thailand, Filipina, Singapura dan Vietnam) mengalami krisis finansial pada tahun 1997-1998. Terlebih lagi, berdasarkan beberapa penelitian terdahulu terdapat trend kenaikan dari derivative leverage pada bank-bank di ASEAN, yang menjadi salah satu kontributor dalam memicu risiko sistemik. Penelitian ini bertujuan untuk mencari hubungan antara balance sheet leverage, derivative leverage, dan off balance sheet leverage terhadap risiko sistemik di negara-negara di ASEAN dari tahun 2009-2016. Penelitian ini juga mengamati urutan tiap-tiap bank yang menjadi kontributor risiko sistemik mulai dari yang terbesar. Penelitian ini menggunakan MES (Marginal Expected Shortfall) untuk mengukur kontribusi risiko sistemik dari setiap bank. Dengan dikontrol oleh beberapa variabel spesifik bank, derivative leverage menjadi variabel yang memiliki pengaruh paling kuat terhadap risiko sistemik.

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The excessive amount of leverage both on-balance sheet and off-balance sheet had led ASEAN countries (Such as Indonesia, Malaysia, Thailand, Philippines, Singapore and Vietnam) region to experience financial crisis in 1997-1998. Moreover. As suggested by previous studies, there is an increasing trend of derivative leverage of banks in ASEAN that become a contributor to systemic risk in several countries. Therefore, this study aims to examine the effect of on balance sheet leverage, derivative leverage, and off-balance sheet leverage on systemic risk in ASEAN  countries from 2009-2016. In addition, this study also ranks banks in ASEAN to find which bank has the highest contribution to systemic risk. This study uses MES (Marginal Expected Shortfall) to measure systemic risk contribution of each banks. We find that after controlling some banks specific variables, derivative leverage has the most significant effect on systemic risk."

"Penelitian ini membahas mengenai manajemen modal kerja oleh perusahaan yang digunakan sebagai salah satu memaksimalkan kekayaan pemegang saham. Tujuan penelitian ini adalah untuk menganalisis pengaruh manajemen modal kerja terhadap kekayaan pemegang saham. Penelitian ini memiliki tiga hipotesis: Pertama, pembiayaan investasi modal kerja memiliki pengaruh terhadap kekayaan pemegang saham. Kedua, faktor-faktor seperti financial distress, expected sales growth, long-term debt dan short-term debt memiliki efek pada pembiayaan investasi modal kerja. Ketiga, trade credit yang dilakukan perusahaan memiliki pengaruh terhadap kekayaan pemegang saham.Hasil penelitian ini antara lain pembiayaan investasi modal kerja memiliki pengaruh terhadap kekayaan pemegang saham dimana tambahan 1 Rupiah pada modal kerja memiliki nilai lebih bagi kekayaan pemegang saham dibandingkan tambahan 1 Rupiah pada kas. Penambahan investasi modal kerja memiliki efek pada peningkatan ekspektasi pertumbuhan penjualan perusahaan dimasa yang akan datang. Terakhir, trade credit yang dilakukan perusahaan memiliki pengaruh terhadap kekayaan pemegang saham dimana penambahan 1 Rupiah pada account receivable memiliki nilai lebih kecil bagi pemegang saham dibandingkan tambahan 1 Rupiah pada inventories.

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This study discusses about firms working capital management used for as one of maximizing shareholders wealth. The purpose of this study is to analyze the effect of working capital management on shareholders wealth. This study has three hypotheses First, financing of working capital investment has an effect on shareholders wealth. Second, other factors such as financial distress, expected sales growth, long term debt, and short term debt have effects on financing of working capital investment. Third, firms used trade credit has an effect on shareholders wealth.

The result of this studies are financing of investment in working capital has an effect on shareholders wealth in which an additional 1 Rupiah in working capital more valuable than in cash. The additional of investment on working capital can increase firms expected sales growth. Furthermore, firms used trade credit has an effect on shareholders wealth in which an additional 1 Rupiah in account receivable has a smaller value than inventories."