Main Article Content

Abstract

Purpose – This study aims to explore the elements that affect the liquidity of Islamic banking in Indonesia. From 2015 to 2020, Bank Indonesia published consecutive monthly statistics that can be used in this study. Internal factors, such as the capital adequacy ratio (CAR) and return on assets (ROA), and external factors, such as inflation and the SBI interest rate, are the variables used in this study.


Design/methodology/approach - This study used the vector error correction model (VECM) as the research methodology.


Findings - The results state that CAR and inflation variables have a positive and significant effect on FDR in the short term, but other variables are not significant. The financing-to-deposit ratio is negatively affected by ROA and BI interest rate variables in the long term, while in the short term it is positively affected by CAR and inflation (FDR) variables.


Research limitations/ implications - In order to determine the liquidity policy of Islamic banking in the future, the authorities in Indonesia can benefit significantly from this research.


Originality and value - This research can be used as a comparative reference for Islamic banking to maintain its liquidity. There are still not many studies that examine research on Islamic banking liquidity in Indonesia with these variables, so this journal can be a reference for further research. However, it is limited to 2015 to 2020 and only uses Islamic banking as the object of research.


Keywo

Keywords

Capital Adequacy Ratio Financing to Deposit Ratio Liquidity Return on Assets

Article Details

Author Biographies

Shoffan Maulana, Departemen Ekonomi Islam, Fakultas Ekonomi dan Bisnis, Universitas Airlangga, Indonesia

 

 

M. Fikri Himmawan

 

 

Sri Yayu Ninglasari, Departemen Manajemen Bisnis, Fakultas Kreatif dan Bisnis Digital, Institut Teknologi Sepuluh Nopember

 

 

 

How to Cite
Shoffan Maulana, M. Fikri Himmawan, & Sri Yayu Ninglasari. (2023). Analysis of Liquidity in Islamic Banks in Indonesia: Analysis of Capital Adequacy Ratio, Return on Asset, Inflation, and BI Interest Rate Factors for the Period 2015-2020. J-EBIS (Jurnal Ekonomi Dan Bisnis Islam), 8(1). https://doi.org/10.32505/j-ebis.v8i1.5561

References

  1. Abdillah, Willy. Hartono, J. (2015). Partial Least Square Alternatid. Structural Equation Modeling (SEM) dalam Penelitian Bisnis. ANDI.
  2. Ali, Q., Maamor, S., Yaacob, H., & Tariq Gill, M. U. (2018). Impact of Macroeconomic Variables on Islamic Banks Profitability. International Journal of Business Ethics and Governance, 1(2), 20–35. https://doi.org/10.51325/ijbeg.v1i2.14
  3. Ardiansari, A., Manajemen, J., Ekonomi, F., Semarang, U. N., & Artikel, I. (2016). Pengaruh Dana Pihak Ketiga, Non Performing Financing, Capitaladequacy Ratio dan Return on Asset, terhadap Tingkat Likuiditas. Management Analysis Journal, 5(1), 7–16. https://doi.org/10.15294/maj.v5i1.5573
  4. Avrita, R. D., & Pangestuti, I. R. D. (2016). Analisis Pengaruh CAR, NPL, LDR, NIM, dan BOPO Terhadap Profitabilitas Bank (Perbandingan Bank Umum Go Public Dan Bank Umum Non Go Public Di Indonesia Periode Tahun 2011-2014). Diponegoro Journal of Management, 5(2), 1–13.
  5. https://ejournal3.undip.ac.id/index.php/djom/article/download/13964/13500
  6. Basuki, A. T. dan I. Y. (2015). Ekonometrika Teori & Aplikasi. Mitra Pustaka Nurani.
  7. Darmawi, H. (2011). Manajemen Perbankan. Bumi Aksara.
  8. Dendawijaya, L. (2005). Manajemen Perbankan. Ghalia Indah.
  9. FATHURRAHMAN, A., & RUSDI, F. (2019). Analisis Faktor-Faktor Yang Mempengaruhi Likuiditas Bank Syariah Di Indonesia Menggunakan Metode Vector Error Correction Model (Vecm). Al-Masraf : Jurnal Lembaga Keuangan Dan Perbankan, 4(2), 117. https://doi.org/10.15548/al-masraf.v4i2.262
  10. Gujarati and Porter. (2009). Dasar-Dasar Ekonometrika. Salemba Empat.
  11. Iqbal, A. (2012). Liquidity Risk Management : A Comparative. Global Journal of Management and Business Research, 12(5), 54–64.
  12. Kashmir. (2016). Analisis Laporan Keuangan (I). Raja Grafindo Persada.
  13. Kasmhir. (2012). Pengantar Manajemen Keuangan. Prenada Media Group.
  14. Kasmir. (2003). Bank dan Lembaga Keuangan Lainnya.
  15. Mardiyanto, H. (2009). Intisari Manajemen Keuangan. PT Grasindo.
  16. Muhammad. (2011). Manajemen Bank Syariah. Raja Grafindo Persada.
  17. Sopan, J., & Dutta, A. (2018). Asian Journal of Research in Banking and Finance Determinants of Liquidity Risk in Indian Banks: A Panel Data Analysis. Asian Research Consortium Asian Journal of Research in Banking and Finance Sopan & Dutta Asian Journal of Research in Banking and Finance, 8489(86), 47–59. www.aijsh.com
  18. Spica, L., & Herdinigtyas, W. (2002). Kondisi Bermasalah Pada Lembaga Perbankan Perioda 2000-2002. November 1997, 131–147.
  19. Sukirno, S. (2012). Makroekonomi Teori Pengantar. Raja Grafindo Persada.
  20. Sumarlin. (2016). Analisis pengaruh inflasi, CAR, FDR, BOPO, dan NPF terhadap profitabilitas perbankan syariah. 6, 296–313.
  21. Taswan. (2010). Manajemen Perbankan. UPP STIM YKPN.