Pengaruh Kinerja Keuangan terhadap Price Book Value disaat Pandemi Covid-19 pada Bank Umum di Indonesia

Achmad Zaki

doi:10.32503/jmk.v8i1.3158

Achmad Zaki Universitas Nahdlatul Ulama Sidoarjo

DOI: https://doi.org/10.32503/jmk.v8i1.3158

Abstract

At the beginning of 2020 economic development in Indonesia experienced a slowdown due to the Covid-19 pandemic which had an unfavorable impact on service and goods companies, namely by limiting operational performance which greatly affected the decrease in income earned, especially service companies such as bank companies. The purpose of this study was to examine the condition of the capital adequacy ratio, return on assets, and net interest margin at banks in Indonesia during the Covid-19 pandemic. The research sample consists of fifteen banks, which use a saturated sampling approach, namely banks listed on the Indonesian stock exchange and the data used is secondary data obtained from annual reports and the Indonesia Capital Market Directory (ICMD) on audited banks from 2020 until 2021 which can be accessed on the IDX website. This study uses multiple regression analysis to test three financial ratios, namely capital adequacy ratio (CAR), return on assets (ROA), and net interest margin (NIM) to Price Book Value (PBV). The findings of this study reveal that the capital adequacy ratio (CAR), return on assets (ROA), and net interest margin (NIM) have a significant positive effect on Price Book Value (PBV) during the COVID-19 pandemic

References

Annisa, R., dan Chabachib, M. (2017). Analisis Pengaruh Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA) Terhadap Price to Book Value (PBV), Dengan Devidend Payout Ratio Sebagai Variabel Intervening (Studi Kasus pada Perusahaan Industri Manufaktur yang Terdaftar di BEI Periode 2011-2014). Diponegoro Journal of Management. Volume 6. Nomor 1. ISSN (Online): 2337-3792.
Ayuningrum, I., A., Paningrum, D., dan Kusumastuti, A., D. (2021). Pengaruh Debt to Assets Ratio, Firm Size, Return on Assets dan Sales Growth Terhadap Price to Book Value (Studi Pada Perusahaan Makanan dan Minuman Yang Terdaftar di Bursa Efek Indonesia Tahun 2013-2017). Jurnal Ekonomi dan kewirausahaan Vol. 10, No. 1. P-ISSN 2089 - 7626.
Batin, B., N., dan Ismanto, D. (2019). Pengaruh Current Ratio, Return on Equity dan Debt to Asset Ratio Terhadap Price Book Value Perusahaan Advertising, Printing dan Media Yang Terdaftar di Bursa Efek Indonesia Periode 2014-2017. Jurnal Fokus Vol 9. No 2.
Debora. (2021). Pengaruh Kinerja Keuangan Terhadap Nilai perusahaan Perbankan Yang Terdaftar di Bursa Efek Indonesia. E-Jurnal Akuntansi TSM Vol. 1, No. 1. E-ISSN: 2775 - 8907.
Dendawijaya, L. (2006). Manajemen Perbankan. Edisi Kedua. Bogor: Ghalia Indonesia.

Diani, S., K. dan Fitriani, D. (2016). Analisis Faktor-Faktor Yang Mempengaruhi Price to Book Value Saham Pada Bank Devisa Yang Listing di Bursa Efek Indonesia Periode 2013-2014. Jurnal Fokus Volume 6. Nomor 1.
Fahmi, I. (2012). Analisis Kinerja Keuangan. Bandung: Alfabeta.
Hasan, M., A. (2011). Analisis Faktor Yang Mempengaruhi Price to Book Value Saham (Pada Bank Yang Terdaftar di BEI Periode 2005-2008). Pekbis Jurnal Vol.3. No.3. 536-548.
Haq, N., A., Murni, S., dan Loindong., S., S., R. (2020). Analisis Pengaruh Tingkat Kesehatan Perbankan Terhadap Nilai Perusahaan Pada Bank Umum Kegiatan Usaha (Buku) IV Di Masa Pandemi Covid-19 Periode 2020. Jurnal EMBA Vol. 10 No. 1. ISSN 2303-1174.
Jumingan. (2006). Analisis Laporan Keuangan. Jakarta: PT. Bumi Aksara.

Khaddafi, M., dan Syamni, G. (2011). Hubungan rasio camel dengan return saham pada perusahaan perbankan di bursa efek Indonesia. Jurnal aplikasi manajemen Vol.9 No.3 Mei 2011. ISSN: 1693-5241.
Maliki, F., dan Apandi, A. (2022). Analisis Capital Adequacy Ratio (CAR), Return on Risk Assets (RORA) dan Net Profit Margin (NPM) terhadap Nilai Perusahaan (Studi pada Sektor Perbankan yang Terdaftar di BEI 2015-2019). Jurnal Akuntansi STEI, Vol. 05 No. 01. P-ISSN :2442-4072.
Malinaa, S., Arimbawa, I., G., b, dan Wulandari, A. (2020). The Effect of Return On Assets and Return On Equity To Earning Per Share and Price Book Value In Sub-Sectors of Construction Companies Listed In Indonesia Stock Exchange In 2015-2018. Journal Quantitative Economics and Management Studies (QEMS). Vol. 1 No. 3. ISSN: 2722-6247 (online).
Marlina, T. (2013). Pengaruh Earning Per Share, Return On Equity, Debt To Equity Ratio dan Size Terhadap Price To Book Value. Jurnal Ilmiah Akuntansi Kesatuan Vol. 1 No. 1. ISSN 2337-7852.
Perry, F., E. (1984). Sistem Perbankan Modern. Hanindita, Yogyakarta.
Rosenberg, J., M. (1985). Dictionary of Banking and Finance 2d ed. New York : NY. John Wiley and Sons.
Sari, M., dan Jufrizen. (2019). Pengaruh Price Earning Ratio dan Return on Asset Terhadap Price Book Value. Jurnal KRISNA: Kumpulan Riset Akuntansi. Vol. 10. No. 2. ISSN: 2301-8879. E-ISSN: 2599-1809.
www.bi.go.id

www.idx.co.id

Yuliati, E., dan Zakaria. (2016). Analisis Risk, Earnings dan Capital Terhadap Nilai Perusahaan Pada Perusahaan Perbankan Yang Terdaftar di Bursa Efek Indonesia Tahun 2010-2014. Jurnal Future. Jurnal Manajemen dan Akuntansi