KARAKTERISTIK DAN FUNGSI INTERMEDIASI PERBANKAN DI INDONESIA
Abstract
This paper analyzes the influence of ownership and specific characteristic of banks on the capital structure and the intermediation function of commercial banks in Indonesia. Using multivariate regression on bank level data of 2006-2009, the result shows the ownership structure, profitability, size, and management expense affect the bank capital structure, with a total effect of 50.14%. Towards the bank intermediation, with a total effect of 27.01%, the ownership structure, profitability, bank size, credit risk, expense management and capital structure influence the banks intermediation function.
Keywords : Ownership structure, specific characteristic of bank, capital structure and bank intermediation function
JEL Classification: G21, G32
Downloads
Download data is not yet available.
References
Apostolik, Richard., Donohue C., Went, Peter (2009), Foundation of Banking Risk : An overview of Banking, Banking Risks, and Risk-based Banking Regulation, John Wiley & Sons, Inc
Athanasoglou, P.P., Brissmis, S.N., and Delis, M.D. Banks-Specific, Industry-Specific, and Macroeconomic determinants of Bank Profitability? Working Paper Bank of Greece, 2005.
Bathala, CT Moon, KR dan Rao, R.P. Managerial ownership, debt policy, and the impact of institutional holding: An agency perspective? Financial Management, 1994, p.38-50
Basar, Adhy., Ismady, Ishan. Kondisi Perbankan 2009 dan Prospek 2010, Economic Review, Desember 2009, No. 218.
Bikker, Jaap., Wesseling, Sandra., Intermediation, Integration and Internalisation : A survey On Banking in Europe?, Occasional Studies De Nederlandsche Bank, Vol. I No. 3, 2003.
Brigham, Eugene F & Erhardt, Michael C. (2005), Financial Management : Theory and Pratice, Eleventh Edition. Thomson Corporation, South Western.
Brigham, Eugene F &Houston, Joel. (2003), Fundamentals of Financial Management, Tenth Edition. Thompson Southwestern.
Buchory, Herry Achmad, The Effect Implementation of Financial Intermediary Function, Risk Management Application and Bank Capital Structure on Banking Financial Performance?, Disertasi, Fakultas Ekonomi Padjadjaran, 2006.
Darwanto, Sony Aji, The effect Macro Economic Conditions and Bank Specific on the Capital Structure and Source of Funding Choice Decision of Banking Industry Indonesia?, Disertasi, Fakultas Ekonomi Padjadjaran, 2008.
Diamond, Douglas W., Rajan, Raghuram G., Theory Of Bank Capital,The Journal of Finance,2002, Vol. 55 No.6 pp 2431-2465
Douma S, George, Rejie, Kabir Rezaul,Foreign and Domestic Ownership, Business Groups and Firm Performance from ALarge Emerging Market?, 2002, Tilburg University The Netherlands.
Ghozali, Imam, (2005), Aplikasi Analisis Multivariate dengan Program SPSS, Badan Penerbit UNDIP, Semarang.
Gitman, Lawrence J. (2009),Principles of Managerial Finance, Twelfth Edition, The Addison Wesley Publishing.
Gujarati, Damodar N. (2006), Dasar-dasar Ekonometrika, edisi Ketiga, Penerbit Erlangga, Jakarta
Hadad, Muliaman D, et.al., Fungsi Intermediasi Bank Asing dalam Mendorong Pemulihan Sektor Riil Indonesia, ResearchPaper, Biro Stabilitas Sistem Keuangan, 2004, Bank Indonesia.
Hempel, George H, Simonson Donal, Colehan Alan B. (1999), Bank Management Text and Cases, New York, John Wiley & Son Inc.
Inderst, Roman., Mueller, Holger., Bank Capital Structure and Credit Decisions, Journal of Financial Intermediation , 2008, No. 17 pp. 295-314.
Jonni M., Adler Haymans M,. 2009. Ekonomi Keuangan dan Kebijakan Moneter, Penerbit Salemba Empat, Jakarta.
Jensen, M.C., Meckling, W.H., Theory of the Firm : Managerial Behaviour, Agency Costs and Ownership Structure?, Journal of Financial Economics, 1976, Vol. 3, pp.305-360.
Kishan, Rudy P, Opiela, Timothy P., Bank Size, Bank Capital and the Bank Lending Channel,Journal of Money, Credit and Banking, 2000, Vol. 32 No. 1 pp.121-141
Koch, Timothy W, Mac Donald, S. Scot. (2000), Bank Management, Fourth Edition, Orlando, The Dryden Press, Harcourt Brace College Publishers.
Mandala, Manurung., Rahardja Prathama. (2004), Uang, Perbankan, dan Ekonomi Moneter, Penerbit Fakultas Ekonomi Universitas Indonesia.
Marques, Manuel O., Santos, Mario C., Capital Structure and Determinants : Evidence from the Portuguese Banking Industry?, November 2003.
Mian, Atif., Foreign, Private Domestic, And Goverments Banks : New Evidence from Emerging Markets, Graduate School of Business, University of Chichago, Chichago.
Myers, Stuart. The Capital Structure Puzle, Journal of Finance,2003, Vol. 39. July, 1984
Peirson, Graham. (2006), Business Finance, Ninth Edition. McGraw-Hill Australia PTy Limited Riduwan, Kuncoro, Engkos Ahmad, (2008), Cara Menggunakan dan Memaknai Analisis Jalur (PathAnalysis), Penerbit Alfabeta, Bandung.
Rose, Peter S., Hudgins, Sylvia C. (2010), Bank Management & Financial Services, McGraw-Hill International Edition, New York.
Saunders, Antony, Garnett M. Millon., (2008), Financial Institutions Management : A Risk Management Approach,Sixth Edition, Mc Graw-Hill International Edition, New York.
Scholtens, Bert., Wensveen, Dick., The Theory of Financial Intermediation: An Essay on What It Does (Not) Explain, The European Money and Finance Forum, Vienna, 2003.
Siamat, Dahlan. (1999), Bank dan Lembaga Keuangan Lainnya, Penerbit Fakultas Ekonomi Universitas Indonesia
Sugeng, B., Pengaruh Struktur Kepemilikan dan Struktur Modal terhadap Kebijakan Inisiasi Dividen di Indonesia?, Jurnal Ekonomi Bisnis, Maret 2009, Tahun 14, Nomor 1.
Sugiarto, Agus. 2004. Mengapa Modal Minimum Bank Harus Rp 100 Miliar? Kajian Stabilitas Keuangan, Bank Indonesia, Jakarta.
Sugiyono, (2011), Metode Penelitian Bisnis, Penerbit CV Alfabeta, Bandung.
Taswan. 2010. Manajemen Perbankan : Konsep, Teknik dan Aplikasi, Edisi II, UPP STIM YKPN, Yogyakarta.
Titman, Sheridan., Wessels Roberto, The Determinants of Capital Structure Choice, The Journal of Finance, 1988, Vol. 43 No. 1 pp 1-19
Athanasoglou, P.P., Brissmis, S.N., and Delis, M.D. Banks-Specific, Industry-Specific, and Macroeconomic determinants of Bank Profitability? Working Paper Bank of Greece, 2005.
Bathala, CT Moon, KR dan Rao, R.P. Managerial ownership, debt policy, and the impact of institutional holding: An agency perspective? Financial Management, 1994, p.38-50
Basar, Adhy., Ismady, Ishan. Kondisi Perbankan 2009 dan Prospek 2010, Economic Review, Desember 2009, No. 218.
Bikker, Jaap., Wesseling, Sandra., Intermediation, Integration and Internalisation : A survey On Banking in Europe?, Occasional Studies De Nederlandsche Bank, Vol. I No. 3, 2003.
Brigham, Eugene F & Erhardt, Michael C. (2005), Financial Management : Theory and Pratice, Eleventh Edition. Thomson Corporation, South Western.
Brigham, Eugene F &Houston, Joel. (2003), Fundamentals of Financial Management, Tenth Edition. Thompson Southwestern.
Buchory, Herry Achmad, The Effect Implementation of Financial Intermediary Function, Risk Management Application and Bank Capital Structure on Banking Financial Performance?, Disertasi, Fakultas Ekonomi Padjadjaran, 2006.
Darwanto, Sony Aji, The effect Macro Economic Conditions and Bank Specific on the Capital Structure and Source of Funding Choice Decision of Banking Industry Indonesia?, Disertasi, Fakultas Ekonomi Padjadjaran, 2008.
Diamond, Douglas W., Rajan, Raghuram G., Theory Of Bank Capital,The Journal of Finance,2002, Vol. 55 No.6 pp 2431-2465
Douma S, George, Rejie, Kabir Rezaul,Foreign and Domestic Ownership, Business Groups and Firm Performance from ALarge Emerging Market?, 2002, Tilburg University The Netherlands.
Ghozali, Imam, (2005), Aplikasi Analisis Multivariate dengan Program SPSS, Badan Penerbit UNDIP, Semarang.
Gitman, Lawrence J. (2009),Principles of Managerial Finance, Twelfth Edition, The Addison Wesley Publishing.
Gujarati, Damodar N. (2006), Dasar-dasar Ekonometrika, edisi Ketiga, Penerbit Erlangga, Jakarta
Hadad, Muliaman D, et.al., Fungsi Intermediasi Bank Asing dalam Mendorong Pemulihan Sektor Riil Indonesia, ResearchPaper, Biro Stabilitas Sistem Keuangan, 2004, Bank Indonesia.
Hempel, George H, Simonson Donal, Colehan Alan B. (1999), Bank Management Text and Cases, New York, John Wiley & Son Inc.
Inderst, Roman., Mueller, Holger., Bank Capital Structure and Credit Decisions, Journal of Financial Intermediation , 2008, No. 17 pp. 295-314.
Jonni M., Adler Haymans M,. 2009. Ekonomi Keuangan dan Kebijakan Moneter, Penerbit Salemba Empat, Jakarta.
Jensen, M.C., Meckling, W.H., Theory of the Firm : Managerial Behaviour, Agency Costs and Ownership Structure?, Journal of Financial Economics, 1976, Vol. 3, pp.305-360.
Kishan, Rudy P, Opiela, Timothy P., Bank Size, Bank Capital and the Bank Lending Channel,Journal of Money, Credit and Banking, 2000, Vol. 32 No. 1 pp.121-141
Koch, Timothy W, Mac Donald, S. Scot. (2000), Bank Management, Fourth Edition, Orlando, The Dryden Press, Harcourt Brace College Publishers.
Mandala, Manurung., Rahardja Prathama. (2004), Uang, Perbankan, dan Ekonomi Moneter, Penerbit Fakultas Ekonomi Universitas Indonesia.
Marques, Manuel O., Santos, Mario C., Capital Structure and Determinants : Evidence from the Portuguese Banking Industry?, November 2003.
Mian, Atif., Foreign, Private Domestic, And Goverments Banks : New Evidence from Emerging Markets, Graduate School of Business, University of Chichago, Chichago.
Myers, Stuart. The Capital Structure Puzle, Journal of Finance,2003, Vol. 39. July, 1984
Peirson, Graham. (2006), Business Finance, Ninth Edition. McGraw-Hill Australia PTy Limited Riduwan, Kuncoro, Engkos Ahmad, (2008), Cara Menggunakan dan Memaknai Analisis Jalur (PathAnalysis), Penerbit Alfabeta, Bandung.
Rose, Peter S., Hudgins, Sylvia C. (2010), Bank Management & Financial Services, McGraw-Hill International Edition, New York.
Saunders, Antony, Garnett M. Millon., (2008), Financial Institutions Management : A Risk Management Approach,Sixth Edition, Mc Graw-Hill International Edition, New York.
Scholtens, Bert., Wensveen, Dick., The Theory of Financial Intermediation: An Essay on What It Does (Not) Explain, The European Money and Finance Forum, Vienna, 2003.
Siamat, Dahlan. (1999), Bank dan Lembaga Keuangan Lainnya, Penerbit Fakultas Ekonomi Universitas Indonesia
Sugeng, B., Pengaruh Struktur Kepemilikan dan Struktur Modal terhadap Kebijakan Inisiasi Dividen di Indonesia?, Jurnal Ekonomi Bisnis, Maret 2009, Tahun 14, Nomor 1.
Sugiarto, Agus. 2004. Mengapa Modal Minimum Bank Harus Rp 100 Miliar? Kajian Stabilitas Keuangan, Bank Indonesia, Jakarta.
Sugiyono, (2011), Metode Penelitian Bisnis, Penerbit CV Alfabeta, Bandung.
Taswan. 2010. Manajemen Perbankan : Konsep, Teknik dan Aplikasi, Edisi II, UPP STIM YKPN, Yogyakarta.
Titman, Sheridan., Wessels Roberto, The Determinants of Capital Structure Choice, The Journal of Finance, 1988, Vol. 43 No. 1 pp 1-19
Published
2012-10-03
How to Cite
Siringoringo, R. (2012). KARAKTERISTIK DAN FUNGSI INTERMEDIASI PERBANKAN DI INDONESIA. Buletin Ekonomi Moneter Dan Perbankan, 15(1), 61-83. https://doi.org/10.21098/bemp.v15i1.57
Issue
Section
Articles
Buletin Ekonomi Moneter dan Perbankan / Bulletin of Monetary Economics and Banking is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
