ANALISIS PENGARUH RASIO CAMELS TERHADAP FINANCIAL DISTRESS ( Studi Pada Perbankan Yang Terdaftar Di BEI)

Sumiasih Sumiasih

Abstract


This research has purposed to give empirical evidence about factors affecting financial distress of banking company. The factors are CAMELS (Capital, Assets Quality, Management, Earning, Liability and Sensitivity to Market Risk) financial ratios correspond to form letter of Indonesian Bank Number 6/23/DPNP dated 31 May 2004. From the existing ratios, 7 financial ratios are used. They are CAR (Capital Adequacy Ratio), NPL (Non Performing Loans), ROA (Return On Assets), ROE (Return On Equity), NIM (Net Interest Margin), BOPO (Operational Cost on Operational Revenue), and LDR (Loan to
Deposit Ratio). Where this ratio has function as independent variable, while its dependent variable is company?s financial distress, which is measured by interest coverage ratio (operating profit/interest expense).
The research sample is consisted of 21 companies listed in Indonesia Stock Exchange (BEI). The used data is yearly financial statement of the sample companies issued in 2006-2008. Statistical method employed to test hypothesis is
double linear regression. It has purposed to know CAMELS ratio effect on financial distress of banking companies.
The research result shows that determination coefficient (R2) indicates how big the proportion of independent variable changes in explaining changes variation of dependent variable. In this research, determination coefficient (R2) is 0.858. It means that 85.8% of high or low financial distress of go public banking is affected or determined by CAMELS ratio. From regression analysis result, it can be known that only Earning ratio that is proxy by ROA and BOPO, which statistically significantly affect financial distress of banking companies.

 

Keyword : Rasio CAMELS, financial distress, regresi linier berganda


Keywords


Rasio CAMELS; financial distress; regresi linier berganda