Analisis Pengaruh Diversifikasi dan Likuiditas Terhadap Pembiayaan Melalui Ekuitas Perbankan:

Analysis of the Effect of Diversification and Liquidity on Financing Through Banking Equity

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh diversifikasi yang diukur dengan Herinfindahl-Hirschman Index (HHI), dan likuiditas yang diukur dengan Loan to Deposit Ratio (LDR) terhadap pembiayaan melalui ekuitas perbankan yang diukur dengan book leverage dan maket leverage pada sektor perbankan. Penelitian ini menggunakan 15 sampel bank Tbk yang terdaftar di Bursa Efek Indonesia periode 2010-2017. Berdasarkan uji Hausman dinyatakan model Fixed Effect merupakan model terbaik dalam pengujian model persamaan regresi data panel. Hasil penelitian ini menunjukkan bahwa diversifikasi yang diukur dengan Herinfindahl-Hirschman Index (HHI) berpengaruh negatif signifikan terhadap book leverage dan tidak signifikan terhadap market leverage, dan Income Diversity (ID) berpengaruh negatif tidak signifikan terhadap seluruh leverage sedangkan yang diukur melalui Non-Interest Income Diversity (NIID) berpengaruh positif signifikan terhadap book leverage dan tidak signifikan terhadap market leverage. Likuiditas yang diukur dengan Loan to Deposit Ratio (LDR) bepengaruh negatif tidak signifikan terhadap book leverage dan berpengaruh positif tidak signifikan terhadap market leverage.

This study aims to determine the effect of diversification as measured by the Herinfindahl-Hirschman Index (HHI), and liquidity as measured by the Loan to Deposit Ratio (LDR) on financing through banking equity as measured by book leverage and leverage leverage in the banking sector. This study used 15 samples of Public Banks listed on the Indonesia Stock Exchange for the 2010-2017 period. Based on the Hausman test, it was stated that the Fixed Effect model was the best model in testing the panel data regression equation model. The results of this study indicate that diversification as measured by the Herinfindahl-Hirschman Index (HHI) has a significant negative effect on book leverage and not significant on market leverage, and Income Diversity (ID) has an insignificant negative effect on all leverage while it is measured through Non-Interest Income Diversity (NIID) has a significant positive effect on book leverage and not significant on market leverage. Liquidity as measured by the Loan to Deposit Ratio (LDR) has no significant negative effect on book leverage and no significant positive effect on market leverage.