Analyzing The Macroeconomic and Fundamental Determinants of Non-Performing Financing of Bank Muamalat Indonesia
DOI:
https://doi.org/10.21580/economica.2020.11.1.4346Keywords:
NPF, Inflation, BI Rate, CAR, FDRAbstract
Abstract: This study analyzes the macroeconomic and fundamentals of Islamic banking factors towards the non-performing financing (NPF) of Bank Muamalat Indonesia in the long run and short-run period 2005-2018. The data used in this study are quarterly time-series data of Bank Muamalat Indonesia Financial Report as the source of fundamentals of Islamic banking data and Bank Indonesia Monetary Policy Review as the source of macroeconomic data period 2005 - 2018. The analytical method used is the Error Correction Model (ECM). This study shows that in the long run, inflation, central bank (Bank Indonesia/BI) Rate, and capital adequacy ratio (CAR) significantly affect the NPF; meanwhile, the financing to deposit (FDR) ratio does not affect NPF. In the short term context, only CAR has a significant effect, yet inflation, BI Rate, and FDR have no significant impact on NPF. Thus, the novelty can present the result of analysis of factors that affect NPF in the long run and short run. The limitation of the study is the use of time-series data that are very likely to spurious regression.
Abstrak: Penelitian ini bertujuan untuk menganalisis pengaruh faktor makroekonomi dan fundamental perbankan syariah terhadap NPF Bank Muamalat Indonesia dalam jangka panjang dan jangka pendek periode 2005-2018. Data yang digunakan dalam penelitian ini yaitu data runtun waktu Laporan Keuangan Triwulan Bank Muamalat Indonesia sebagai sumber data fundamental perbankan syariah dan Tinjauan Kebijakan Moneter Bank Indonesia sebagai sumber data makroekonomi periode 2005 – 2018. Faktor makroekonomi diwujudkan dalam variabel Inflasi dan BI Rate. Faktor fundamental perbankan syariah diwujudkan dalam variabel CAR dan FDR. Alat analisis yang digunakan yaitu Error Correction Model (ECM). Hasil analisis menunjukkan dalam jangka panjang Inflasi, BI Rate, dan CAR dengan nilai signifikansi 0.0026, 0.0001, dan 0.0032 berpengaruh signifikan dan FDR dengan nilai signifikansi 0.6940 tidak berpengaruh signifikan terhadap NPF. Dalam jangka pendek hanya CAR dengan nilai signifikansi 0.0056 yang berpengaruh signifikan sedangkan Inflasi, BI Rate, dan FDR dengan nilai signifikansi 0.0666, 0.9532, and 0.2065 berpengaruh tidak signifikan terhadap NPF. Kebaharuan penelitian ini yaitu penelitian ini mampu menyajikan hasil analisis faktor-faktor yang mempengaruhi NPF dalam jangka panjang dan jangka pendek. Meski begitu, terdapat juga limitasi pada penelitian ini yaitu penggunaan data time series yang rawan terkena regresi lancung.
Downloads
References
Agriyanto, Ratno. 2015. "Redefining Objective of Islamic Banking; Stakeholders Perspective in Indonesia." Economica VI (2): 77–90.
Ardana, Yudhistira, and Rita Irviani. 2017. “Ardana Yudhistira.” Mediatrend 12 (December 2015): 1–11. https://doi.org/http://dx.doi.org/10.21107/mediatrend.v12i1.1537.
Aryani, Yulya, Lukytawati Anggraeni, and Ranti Wiliasih. 2016. “Faktor-Faktor Yang Memengaruhi Non Performing Financing Pada Bank Umum Syariah Indonesia Periode 2010-2014 / Determinant of Non Performing Financing in Islamic Banking Indonesia , 2010 - 2014.” Jurnal Al-Muzara’ah 4 (1): 44–60.
Awaluddin. 2017. “Inflasi Dalam Perspektif Islam (Analisis Terhadap Pemikiran Al-Maqrizi).” Jurnal Ilmiah Syari’ah 16 (2): 197–217.
Damanhur, Wahyuddin Albra, Ghazali Syamni, and Muhammad Habibie. 2018. "What Is the Determinant of Non-Performing Financing in Branch Sharia Regional Bank in Indonesia." Emerald 1: 265–71. https://doi.org/10.1108/978-1-78756-793-1-00081.
Effendi, Jaenal, Usy Thiarany, and Tita Nursyamsiah. 2017. “Factors Influencing Non Performing Financing (NPF) at Sharia Banking.” Walisongo: Jurnal Penelitian Sosial Keagamaan 25 (1): 109–28. https://doi.org/10.21580/ws.25.1.1540.
Faiz, Ihda A. 2010. “Ketahanan Kredit Perbankan Syariah Terhadap Krisis Keuangan Global.” La_Riba Jurnal Ekonomi Islam 4 (2): 217–37.
Farika, Miftahul, Noer Azam Achsani, and Suwinto Johan. 2018. "The Determinant of Bank Credit Risk: Comparative Analysis of Conventional and Islamic Banks in Indonesia." European Journal of Accounting, Auditing, and Finance Research 6 (3): 15–31.
Firmansari, Daisy, and Noven Suprayogi. 2015. “Pengaruh Variabel Makroekonomi Dan Variabel Spesifik Bank Terhadap Non Performing Financing Pada Bank Umum Syariah Dan Unit Usaha Syariah Di Indonesia Periode 2003-2014.” JESTT 2 (6): 512–20.
Firmansyah, Irman. 2014. “Determinant of Non Performing Loan: The Case of Islamic Bank in Indonesia.” Buletin Ekonomi Moneter Dan Perbankan 17 (2): 233–50. https://doi.org/10.21098/bemp.v17i2.51.
Haifa, and Dedi Wibowo. 2015. “Pengaruh Faktor Internal Bank Dan Makro Ekonomi Terhadap Non Performing Financing Perbankan Syariah Di Indonesia: Periode 2010:01 – 2010:04 / The Influence of Internal Factors and Macroeconomic on Non Performing Financing of Indonesian Islamic Bank in 201.” Jurnal Nisbah 1 (2): 74–87.
Havidz, Shinta Amalina Hazrati, and Chandra Setiawan. 2015. "Bank Efficiency and Non Performing Financing (NPF) in The Indonesian Islamic Banks." Asian Journal of Economic Modelling 3 (3): 61–79. https://doi.org/10.18488/journal.8/2015.3.3/8.3.61.79.
Hernawati, Herni, and Oktaviani Rita Puspasari. 2018. “Pengaruh Faktor Makroekonomi Terhadap Pembiayaan Bermasalah.” JIFA Journal of Islamic Finance and Accounting 1 (1): 29–44.
Iriani, Latifah Dian, and Imamudin Yuliadi. 2015. "The Effect of Macroeconomic Variables on Non Performance Financing of Islamic Banks in Indonesia." EJEM Economic Journal of Emerging Markets 7 (2): 120–34. https://doi.org/10.20885/ejem.vol7.iss2.art5.
Karim, Adiwarman A. 2010. Sejarah Pemikiran Ekonomi Islam. Jakarta: Rajawali Pers.
Kasmir. 2016. Analisis Laporan Keuangan. Jakarta: Rajawali Pers.
Kuncoro, Mudrajad, and Suhardjono. 2011. Manajemen Perbankan Teori Dan Aplikasi. Yogyakarta: BPFE Yogyakarta.
Meyliana, Dita, and Ade Sofyan Mulazid. 2017. “Pengaruh Produk Domestik Bruto (PDB), Jumlah Bagi Hasil Dan Jumlah Kantor Terhadap Jumlah Deposito Muḍārabah Bank Syariah Di Indonesia Periode 2011-2015.” Economica: Jurnal Ekonomi Islam 8 (2). https://doi.org/10.21580/economica.2017.8.2.1442.
Morakinyo, Akinola Ezekiel, and Mabutho Sibanda. 2016. "Non-Performing Loans and Economic Growth in Nigeria: A Dynamic Analysis." SPOUDAI Journal of Economics and Business 66 (4): 61–81.
Muhammad. 2014. Manajemen Dana Bank Syariah. Jakarta: Rajawali Pers.
Nasih, Mohammad. 2013. "The Analysis of Non Performing Financing Determinants on Indonesian Islamic Banking." Ekonomika-Bisnis 4 (2): 171–82.
Poetry, Zakiyah Dwi, and Yulizar D Sanrego. 2011. “Pengaruh Variabel Makro Dan Mikro Terhadap NPL Perbankan Konvensional Dan NPF Perbankan Syariah.” TAZKIA Islamic Finance & Business Review 6 (2): 79–104.
Saekhu, Saekhu. 2017. “Dampak Indikator Makro Ekonomi Terhadap Dana Pihak Ketiga Perbankan Syariah.” Economica: Jurnal Ekonomi Islam 8 (1). https://doi.org/10.21580/economica.2017.8.1.1828.
Santoso, Moch Hadi, Hermanto Siregar, Dedi Budiman Hakim, and Mulya E Siregar. 2018. "Determinants of Islamic Bank Non Performing Financing By Economic Sector of Financing." IJSER International Journal of Scientific & Engineering Research 9 (7): 2005–10.
Setiawan, Chandra, and Bhirawa Praditya Bagaskara. 2016. "Non Performing Financing (NPF) and Cost Efficiency of Islamic Banks in Indonesia Period 2012Q1 to 2015Q2." Journal of Emerging Issues in Economics, Finance and Banking (JEIEFB) An Online International Research Journal 5 (1): 1816–31.
Sudarsono, Heri. 2017. “Analisis Pengaruh Kinerja Keuangan Terhadap Profitabilitas Bank Syariah Di Indonesia.” Economica: Jurnal Ekonomi Islam 8 (2). https://doi.org/10.21580/economica.2017.8.2.1702.
Sunyoto, Danang. 2011. Analisis Regresi Dan Uji Hipotesis. Yogyakarta: CAPS.
Supriani, Indri, and Heri Sudarsono. 2018. “Analisis Pengaruh Variabel Mikro Dan Makro Terhadap NPF Perbankan Syariah Di Indonesia.” QUILIBRIUM: Jurnal Ekonomi Syariah 6 (1): 1–18.
Umam, Khaerul. 2013. Manajemen Perbankan Syariah. Bandung: CV Pustaka Setia.
Vanni, Kartika Marella, and Wahibur Rokhman. 2017. “Analisis Faktor-Faktor Yang Mempengaruhi Non Performing Financing Pada Perbankan Syariah Di Indonesia Tahun 2011-2016.” EQUILIBRIUM: Jurnal Ekonomi Syariah 5 (2): 306–19.
Wijoyo, Satrio. 2016. “Analisis Faktor Makroekonomi Dan Kondisi Spesifik Bank Syariah Terhadap Non-Performance Finance (Studi Pada Bank Umum Syariah Dan Unit Usaha Syariah Yang Ada Di Indonesia Periode 2010:1-2015:12).” Jurnal Pendidikan Dan Ekonomi 5 (6): 513–25.
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), acknowledging its initial publication in this journal.
Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges and earlier and greater citation of published work (See The Effect of Open Access).
