i
ABSTRAK
Tujuan dari penelitian ini adalah untuk mengetahui pengaruh
diversifikasi pendapatan terhadap kinerja berbasis pasar yang diukur melalui nilai
Tobin’s Q dan
market-to-book ratio
serta risiko berbasis pasar yang diukur
melalui nilai beta pada sektor perbankan yang terdaftar di Bursa Efek Indonesia
(BEI) selama periode 2010-2014.
Penelitian ini menggunakan regresi linear berganda pada data panel
dalam mengestimasi pengaruh dua variabel bebas (
fee based income
dan
trading
income
) pada kinerja berbasis pasar dan risiko berbasis pasar. Data yang
digunakan adalah data sekunder berupa laporan tahunan yang diperoleh dari
publikasi resmi masing-masing bank dan dari situs
Yahoo Finance.
Hasil penelitian menunjukkan hubungan positif dan signifikan antara
fee
based income
den
gan kinerja berbasis pasar baik berdasarkan proksi nilai Tobin’s
Q maupun
market-to-book ratio
. Hasil penelitian ini juga menunjukkan bahwa
baik
fee based income
maupun
trading income
berpengaruh negatif dan tidak
signifikan terhadap nilai beta.
Kata kunci : fee based income
,
trading income
, kinerja bank, risiko
ii
ABSTRACT
The purpose of this study is to determine the effect of income
diversification on the market-based performance as measured by the value of
Tobin's Q and market-to-book ratio and risk-based market as measured by the
beta value in the banking sector listed in Indonesia Stock Exchange (BEI) during
the period 2010-2014.
This study uses multiple linear regression on panel data to estimate the
effects of two independent variables (fee based income and trading income) on the
market-based performance and market-based risk. The data used are secondary
data obtained from the annual report of the official publication of each bank and
from the Yahoo Finance website.
The results showed a positive and significant relationship between
fee-based income with a market-fee-based performance either by proxy value of Tobin's
Q and market-to-book ratio. The results of this study also showed that both
fee-based income and trading income has no significant and negative effect on the
value of beta.
Keywords
