Main Article Content
Abstract
The development of BPRS is expected to contribute to the market share of Islamic banking in Indonesia. This study aims to analyze the impact of capital structure on the BPRS financing. The object of this research is 164 BPRS in Indonesia, with a range of annual data from 2010 to 2017. The dependent variable is debt and equity-based financing (DEBF). The independent variable is measured using a debt to asset ratio (DAR) and debt to equity ratio (DER). In addition, this study also uses three control variables namely size, GDP growth rate, and provincial inflation. The data analysis technique used is panel data regression. The results show that the capital structure by DAR consistently had a positive and significant effect on the BPRS financing. Moreover, the capital structure by DER does not have a significant effect on the BPRS financing
Keywords
BPRS
Capital Structure
Financing
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
References
- Abor, J. (2005). The effect of capital structure on profitability: an empirical analysis of listed firms in Ghana. The journal of risk finance, 6(5), 438–445.
- Bakti, N. S. (2017). Analisis DPK, CAR, ROA dan NPF Terhadap Pembiayaan Pada Perbankan Syariah. Jurnal Bisnis & Manajemen, 17(2), 15–28.
- Berger, A. N., & Bouwman, C. H. S. (2013). How does capital affect bank performance during financial crises? Journal of Financial Economics, 109(1), 146–176.
- Brigham, E. F., & Houston, J. F. (2001). Manajemen Keuangan. Jakarta: Erlangga.
- Destiana, R. (2016). Analisis Faktor-Faktor Internal Yang Mempengaruhi Pembiayaan Usaha Mikro Kecil Dan Menengah (UMKM) Pada Bank Syariah Di Indonesia. Jurnal Riset Keuangan Dan Akuntansi, 2(1).
- Fadhila, N. (2015). Analisis Pembiayaan Mudharabah Dan Murabahah Terhadap Laba Bank Syariah Mandiri. Riset Akuntansi Dan Bisnis, 15(1), 52–64. http://doi.org/10.30596/JRAB.V15I1.427
- Giannini, N. G. (2013). Faktor yang mempengaruhi pembiayaan Mudharabah pada bank umum syariah di Indonesia. Accounting Analysis Journal, 2(1).
- Husaeni, U. A. (2017). Determinan Pembiayaan Pada Bank Pembiayaan Rakyat Syariah di Indonesia. Esensi: Jurnal Bisnis dan Manajemen, 7(1), 49–62.
- Karim, N., Tarazi, M., & Reille, X. (2008). Islamic Microfinance: An Emerging Market Niche. Consultative Group to Assist the Poor (CGAP), Focus Notes, 49.
- Kasmir. (2010). Bank dan Lembaga Keuangan Lainnya. Jakarta: PT. Raja Grafindo Persada.
- Kishan, R. P., & Opiela, T. P. (2000). Bank size, bank capital, and the bank lending channel. Journal of money, credit, and banking, 32(1), 121.
- Nikoo, S. F. (2013). Impact of capital structure on firm value: Evidence from Tehran Stock Exchange. Management Science Letters, 3(6), 1535–1538. http://doi.org/10.5267/j.msl.2013.05.040
- Nurawwalunnisa, N. (2017). Pengaruh Pembiayaan Mudharabah, Pembiayaan Murabahah Dan Ijarah Terhadap Laba Perbankan Syariah Indonesia (Bank Syariah Mandiri). Journal of Economics and Business, 3(1), 22–31. http://doi.org/10.29303/EKONOBIS.V3I1.3
- OJK. (2019). Snapshot Perbankan Syariah Indonesia 2019.
- Prasanjaya, A. A. Y., & Ramantha, I. W. (2013). Analisis pengaruh rasio CAR, BOPO, LDR dan ukuran perusahaan terhadap profitabilitas bank yang terdaftar di BEI. E-Jurnal Akuntansi, 230–245.
- Purnamasari, A. E., & Musdholifah, M. (2018). Analisis Faktor Eksternal dan Internal Bank terhadap Risiko Pembiayaan Bank Umum Syariah di Indonesia Periode 2012-2015. BISMA (Bisnis dan Manajemen), 9(1), 13–25.
- Raghib Zafar, M., Zeeshan, F., & Ahmed, R. (2016). Impact of Capital Structure on Banking Profitability. International Journal of Scientific and Research Publications, 6(3), 186–193.
- Satriawan, A., & Arifin, Z. (2016). Analisis Profitabilitas Dari Pembiayaan Mudharabah, Musyarakah, Dan Murabahah Pada Bank Umum Syariah Di Indonesia Periode 2005-2010. Media Riset Akuntansi, Auditing dan Informasi, 12(1), 1. http://doi.org/10.25105/mraai.v12i1.580
- Sukarno, K. W., & Syaichu, M. (2006). Analisis faktor-faktor yang mempengaruhi kinerja Bank umum di Indonesia. Jurnal Studi Manajemen Organisasi, 3(2), 46–58.
- Sundjaja, R. S., & Barlian, I. (2003). Manajemen Keuangan Satu. Edisi Kelima. Jakarta: Literata Lintas Media.
- Wardiantika, L., & Kusumaningtias, R. (2014). Pengaruh DPK, CAR, NPF, dan SWBI terhadap Pembiayaan Murabahah pada Bank Umum Syariah Tahun 2008-2012. Jurnal Ilmu Manajemen, 2(4), 1550–1561.
- Weston, J. F., & Copeland, T. E. (1995). Manajemen Keuangan. Erlangga: Jakarta.