Pengaruh Risiko Pasar terhadap Profitabilitas Perusahaan Subsektor Bank pada Bursa Efek Indonesia

Nawir Mansyur

doi:10.30588/jmp.v7i2.360

Pengaruh Risiko Pasar terhadap Profitabilitas Perusahaan Subsektor Bank pada Bursa Efek Indonesia

Nawir Mansyur^(1*),

(1) Sekolah Tinggi Ilmu Manajemen Nitro Makassar
(*) Corresponding Author

Abstract

This study aims to analyze the effect of interest rate risk and exchange rate risk on the profitability of the company sub-sector of the bank in Indonesia Stock Exchange (IDX). This study uses panel data from 24 bank financial statements from 2011-2014. The analysis technique uses path analysis with Smart PLS 3.0. Exogenous variables of interest rate risk and foreign exchange rate risk and endogenous variables are profitability. The results of the study found that interest rate risk positively and significantly affects the profitability and exchange rate risk negatively and significantly affects the profitability of the company sub-sector of the bank in Indonesia Stock Exchange.

Keywords

Exchange rate risk, Interest rate risk, Profitability

Full Text:

PDF

References

Ariffin, A. F. & Tafri, F. H. (2014). The Impact of Financial Risks on Islamic Banks’ Profitability. International Conference on Business, Sociology, and Applied Sciences (ICBSAS'14) March 26-27, 2014, 97-102.

Banks, E. (2005). Liquidity Risk: Managing Asset and Funding Risk. New York: Palgrave Macmillan, Inc.

Banks, E. (2002). The Simple Rules of Risk. England: John Wiley & Sons, Ltd.

Bessis, J. (2010). Risk Management in Banking. Third Edition. UK: John Wiley and Sons, Ltd. Publication.

Bilson, J. F. & Marston, R. C. (1984). Exchange Rate Theory and Practice. Chicago: The University of Chicago Press.

Brealey, R. A. & Myers, S. C. (2003). Principles of Corporate Finance. Seventh Edition. The McGraw-Hill Companies.

Brigham, E. F. & Houston, J. F. (2009). Fundamentals of Financial Management (terjemahan), ed. 10th, Jakarta: Penerbit Salemba Empat.

Coleman, T. S. (2011). A Practical Guide to Risk Management. The Research Foundation of CFA Institute.

Crouhy, M., Galai, D., & Mark, R. (2000). Risk Management. McGraw-Hill Professional.

Darmawi, H. (2011). Manajemen Perbankan, Bandung: Bumi Aksar.

Dhanani, C. H., Fifield, S., & Stevenson, L. (2005). Interest Rate Risk Management. CIMA Publishing.

Dilley, D. K. (2008). Essentials of Banking. New Jersey: John Wiley & Sons, Inc.

Dowd, K. (2002). Measuring Market Risk. England: John Wiley & Sons, Ltd.

Drigă, I. (2012). Financial Risks Analysis for A Commercial Bank in The Romanian Banking System, Annales Universitatis Apulensis Series Oeconomica, 164-177.

Fahmi, Irham. (2011). Manajemen Risiko. Cetakan Kedua. Bandung: CV Alfabeta.

Ghozali, I. & Latan, H. (2015). Partial Least Square: Konsep, Teknik, dan Aplikasi Menggunakan Program Smart PLS 3.0. Semarang: Badan Penerbit Universitas Diponegoro.

Greuning, H. V. & Bratanovic, S. B. (2009). Analyzing Banking Risk. 3th ed., Washington DC: The World Bank.

Horne, J. C. V. & Wachowicz, J. M. (2012). Prinsip-Prinsip Manajemen Keuangan, (terjemahan ), ed. 13. Jakarta: Salemba Empat.

Idrus, F. N. (2008). Manajemen Risiko Perbankan. Jakarta: Rajawali Press. Ikatan Bankir Indonesia. (2013). Memahami Bisnis Bank. Jakarta: PT. Gramedia Pustaka Utama.

Madura, Jeff. (2006). Keuangan Perusahaan Internasional, (Terjemahan), Edisi 8, Jilid Satu. Jakarta: Salemba Empat.

Mansyur, N. (2010). Pengaruh Krisis Keuangan Global terhadap Pasar Valuta Asing Indonesia. Progresif Jurnal Ilmiah, Vol 3 No 2, 141-151.

Mansyur, N. (2010). Faktor-faktor Penyebab Penurunan Profitabilitas. AKMEN Jurnal Ilmiah, Vol 7 No 1, 29-35.

Paramitha, N. N. K. D, Suwendra, I. W., Yudiaatmaja, F., (2014). Pengaruh Risiko Kredit dan Likuiditas terhadap Profitabilitas pada Perusahaan Perbankan yang Go Public Periode 2010–2012. e-Journal Bisma, Universitas Pendidikan Ganesha Jurusan Manajemen Volume 2.

Peraturan Bank Indonesia Nomor 11/25/PBI/2009 tentang Perubahan Atas Peraturan Bank Indonesia Nomor 5/8/PBI/2003 tentang Penerapan Manajemen Risiko Bagi Bank Umum.

Peraturan Bank Indonesia Nomor 12/10/PBI/2010 tentang Perubahan Ketiga Atas Peraturan Bank Indonesia Nomor 5/13/pbi/2003 tentang Posisi Devisa Neto Bank Umum.

Peraturan Bank Indonesia Nomor 7/29/PBI/2005 tentang Perubahan Peraturan Bank Indonesia Nomor 6/15/PBI/2004 tentang Giro Wajib Minimum Bank Umum Pada Bank Indonesia dalam Rupiah dan Valuta Asing.

Ross, P. S. & Hudging S. C. (2010). Bank Management & Financial Services. Eighth Edition. New York: McGraw-Hill International Edition.

Ross, S. A., Westerfield, R. W., Jordan, B. D., Lim, J., & Tan, R. (2015). Fundamental of Corporate Finance (terjemahan). Jakarta: Penerbit Salemba Empat.

Rusyamsi, I. (1999). Asset Liability Management. Yogyakarta: UPP AMP YKPN.

Shenbagavalli, V. M. R. & Senthilkumar. (2014). Managing Interest Rate Risk: An Evaluation of Indian Banks. Economics World, Vol 2, No 4, 265-271.

Subramanyam, K. R. & Wild, J. J. (2008). Financial Statement Analysis. 10th. New York: McGraw-Hill, Inc.

Sudama, I. M. (2011). Manajemen Keuangan. Jakarta: Penerbit Erlangga.

Supervision, B. C. (2011). Principles for the Management and Supervision of Interest Rate Risk. Bank for International Settlements.

Tafri, F. H. Z. H., Meera, A. K., & Omar, M. A. (2009). The Impact of Financial Risks on Profitability of Malaysian Commercial Banks: 1996-2005. International Journal of Social, Behavioral, Educational, Economic and Management Engineering, Vol 3 No 6, 1320-1334.

Woods, M. & Dowd, K. (2008). Financial Risk Management for Management Accountants. Canada: The Society of Management Accountants of Canada, The American Institute of Certified Public Accountants, and The Chartered Institute of Management Accountants.

DOI: https://doi.org/10.30588/jmp.v7i2.360

Article Metrics

Abstract view : 3456 times
PDF - 5 times

Refbacks

There are currently no refbacks.

This work is licensed under a Creative Commons Attribution 4.0 International License.

Jurnal Maksipreneur: Manajemen, Koperasi, dan Entrepreneurship is licensed under a Creative Commons Attribution 4.0 International License.
Based on a work at http://ejournal.up45.ac.id/index.php/maksipreneur.

Jurnal Maksipreneur: Manajemen, Koperasi, dan Entrepreneurship has been indexed/archived by:

Journal of Maksipreneur: Management, Cooperative, and Entrepreneurship (JMP)

Organized by Management Department, Universitas Proklamasi 45, Yogyakarta, Indonesia

Published by Universitas Proklamasi 45, Yogyakarta, Indonesia

Email: maksipreneurjurnal@gmail.com | jurnal.maksipreneur@up45.ac.id

ISSN (electronic): 2527-6638 ISSN (printed): 2089-550X

Username
Password
Remember me