Countercyclical, COVID-19, and Financial Distress of Rural Bank Setting the Agenda for the Post Covid-19’s Stimulus
Abstract
This study aims to determine Countercyclical, COVID-19, and Financial Distress of Rural Bank Setting the Agenda for the Post Covid-19's Stimulus. The research design used in this study is an associative design. This study uses two approaches, namely qualitative and quantitative approaches. This study, in addition to examining the effect of the independent variables (ROA, CAR, and NPL) on the dependent variable (Financial Distress) which is moderated by the moderating variable (GCG). The sample in this study was 134 rural banks in Bali. Bali was chosen because Bali was most affected by the Covid-19 pandemic because the tourism MSME sector is the main economy in Bali. The result of this study is Profitability (ROA) has a significant negative effect on Financial Distress. CAR has a significant negative effect on Financial Distress. NPL has a significant positive effect on Financial Distress. GCG is a Quasi Moderation variable. GCG strengthens the negative effect of ROA on financial distress. GCG weakens the effect of CAR on financial distress. GCG does not moderate the effect of NPL on Financial Distress
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References
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Fahlevi, E. D., & Mukhibad, H. (2018). Use of Financial Ratios and Good Corporate Governance to Predict Financial Distress. Jurnal Reviu Akuntansi dan Keuangan, 8(2), 147–158. https://doi.org/10.22219/jrak.v8i2.34
Fathonah, A. N. (2017). Pengaruh Penerapan Good Corporate Governance Terhadap Financial Distress. Jurnal Ilmiah Akuntansi, 1(2), 133-150. https://doi.org/10.23887/jia.v1i2.9989
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Hapsari, E. I. (2012). Kekuatan Rasio Keuangan Dalam Memprediksi Kondisi
Financial Distress Perusahaan Manufaktur Di Bursa Efek Indonesia. Jurnal
Dinamika Manajemen, 3(2), 101-109. https://journal.unnes.ac.id/nju/index.php/jdm/article/view/2438/2491
Hardianti, S. (2019). Analisis Pengaruh Tingkat Kesehatan Bank Konvensional Berdasarkan Risk-Based Bankrating Dalam Memprediksi Financial Distress Pada Perbankan Indonesia. (Skripsi). Medan: Universitas Sumatera Utara
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Hery. (2015). Analisis Laporan Keuangan. Yogyakarta: CAPS
Hidayat, M. A., & Merianto, W. (2014). Prediksi Financial Distress Perusahaan Manufaktur Di Indonesia. Jurnal Of Accounting Universitas Diponegoro, 3(3), 1-11. https://ejournal3.undip.ac.id/index.php/accounting/article/view/6198
Hidayat, R. (2014). Efisiensi Perbankan Syariah Teori dan Praktik. Bekasi:
Gramata Publishing.
Hidayati, & Yuvia. (2015). Pengaruh Capital Adequacy Ratio (CAR), Net Interest Margin (NIM), Loan To Deposit Ratio (LDR) dan Non Performing Loan (NPL) Terhadap Return On Assets (ROA) pada PT. Bank Mandiri (persero). Tbk. Holistic Journal Of Management Research 3 (2): 37-50.
Ihsan, D. N., & Kartika, S. P. (2015). Potensi Kebangkrutan Pada Sektor Perbankan Syariah Untuk Menghadapi Perubahan Lingkungan Bisnis. Etikonomi, 14(2), 113-146. https://doi.org/10.15408/etk.v14i2.2268
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Kasmir.(2014). Bank dan Lembaga Keuangan Lainnya. Jakarta: Rajawali Pers.
Kowanda, D., Pasaribu, R. B. F., & Firdaus, M. (2015). Financial Distress prediction on public listed banks in Indonesia stock exchange. In Interdisciplinary Behavior and Social Sciences - Proceedings of the 3rd International Congress on Interdisciplinary Behavior and Social Sciences, ICIBSoS 2014 (pp. 333–338). CRC Press/Balkema.
Kristanti, F. T., Rahayu, S., & Huda, A. N. (2016). The Determinant of Financial Distress on Indonesian Family Firm. Procedia - Social and Behavioral Sciences, 219, 440–447. https://doi.org/10.1016/j.sbspro.2016.05.018
Kuncoro, S., & Agustina, L. (2017). Factors To Predict The Financial Distress Condition Of The Banking Listed In The Indonesia Stock Exchange. Accounting Analysis Journal, 6(1), 39–47. https://doi.org/10.15294/aaj.v6i1.11343
Listiani P, Elisabet L, K. H. (2018). Bisnis properti masih melambat, analis sarankan hold saham emiten properti. Kontan.Co.Id.
Md-Rus, R., Mohd, K. N. T., Latif, R. A., & Alassan, Z. N. (2013). Ownership Structure and Financial Distress. Journal of Advanced Management Science, 1(4), 363-367. https://doi.org/10.12720/joams.1.4.363-367
Nugraheny, D. E. (2021). Pembatasan kegiatan Jawa Bali mulai 11 Januari, ini bedanya dengan PSBB. Retrieved from: https://newssetup.kontan.co.id/news/pembatasan-kegiatan-jawa-bali-mulai-11-januari-ini-bedanya-dengan-psbb?page=all. (Diakses pada 1 Juni 2021 pukul 20.00 WITA).
Nur DP, E. (2007). Analisis Pengaruh Praktek Tata Kelola Perusahaan (Corporate Governance) Terhadap Kesulitan Keuangan Perusahaan (Financial Distress): Suatu Kajian Empiris. Jurnal Bisnis dan Akuntansi, 9(1), 88-108. https://jurnaltsm.id/index.php/JBA/article/view/604
Pakpahan, A. K. (2020). COVID-19 dan Implikasi Bagi Usaha Mikro, Kecil, dan Menengah. Jurnal Ilmiah Hubungan Internasional, Edisi Khusus, 59-64. https://journal.unpar.ac.id/index.php/JurnalIlmiahHubunganInternasiona/article/view/3870
Pradhan, R. (2014). Z Score Estimation for Indian Banking Sector. International Journal of Trade, Economics and Finance, 5(6), 516-520. DOI: 10.7763/IJTEF.2014.V5.425
Prasidha, D. K., & Wahyudi, S. T. (2015). Dampak Nilai Tukar Dan Risk-Based Bank Rating Terhadap Prediksi Kondisi Perbankan Indonesia. Quantitative Economics Journal, 4(3), 122-142. https://doi.org/10.24114/qej.v4i3.17467
Prasetyo, D. A. (2010). Pengaruh risiko kredit, likuiditas, kecukupan modal, dan efisiensi operasional terhadap profitabilitas pada PT BPD Bali. EJurnal Manajement Unud 4(9):2590-2617.
Ridwan, M. (2018). Analisis Pengaruh Restrukturisasi Kredit, Recovery Rate, Baki Debet
(BADE) dan Write Off (WO) Terhadap Non-Performing Loan (NPL) Pada Unit Card
Collection PT. Bank Mandiri Kanwil VI Bandung. Jurnal of Materials Processing Technology, 1(1), 1-23.
http://repository.stp-bandung.ac.id//handle/123456789/668
Rivai, H., Basir, S., Sudarto, S., & Veithzal, A. (2013). Commercial Bank Management (Manajemen Perbankan Dari Teori Ke Praktik). Jakarta: PT. Raja Grafindo Persada.
Rustam, B. R. (2013), Manajemen Risiko Perbankan Syariah di Indonesia,
Jakarta: Salemba Empat.
Sari, N. M. L., & Mahyuni, L. P. (2020). Pencegahan Fraud pada LPD: Eksplorasi Implementasi Good Corporate Governance dan Nilai-Nilai Kearifan Lokal. Jurnal Akuntansi Berkelanjutan Indonesia, 3(3), 233-252. https://doi.org/10.32493/jabi.v3i3.y2020.p233-252
Satuan Tugas Penanganan COVID-19. (2020). Keputusan Presiden Republik Indonesia Nomor 12 Tahun 2020 tentang Penetapan sebagai Bencana Nasional. Retrieved from: https://covid19.go.id/p/regulasi/keputusan-presiden-republik-indonesia-nomor-12-tahun-2020. (Diakses tanggal 29 Mei 2021 pukul 12.22 WITA).
Saubani, A. (2020). Empat Sektor Ekonomi yang Paling Tertekan Pandemi Covid-19. Retrieved from: https://republika.co.id/berita/q83llp409/empat-sektor-ekonomi-yang-paling-tertekan-pandemi-covid19. (Diakses pada 6 Juli 2020 pukul 16.35 WITA).
Sholikati, P. (2018). Analisis pengaruh RGEC terhadap Financial Distress Bank Umum Syariah di Indonesia. (Skripsi). Surakarta: Universitas Muhammadiyah.
Siamat, D. (2005). Manajemen Lembaga Keuangan, Kebijakan Moneter dan
Perbankan. Jakarta: FEUI.
Simanjuntak, C., Titik, F., & Aminah, W. (2017). Pengaruh Rasio Keuangan Terhadap Financial Distress ( Studi Pada Perusahaan Transportasi Yang Terdaftar Di Bursa Efek Indonesia Periode 2011-2015). E-Proceeding of Management, 4(2), 1580–1587. https://openlibrarypublications.telkomuniversity.ac.id/index.php/management/article/view/1411
Sudirman, I W. (2013). Manajemen Perbankan: Menuju Bankir Konvensional yang
Profesional. Jakarta: Kencana Prenada Media Group.
Sukariana, I. W., & Darma, G. S. (2015). Peran Audit Dalam Pengendalian Internal Serta Pengungkapan Kerugian Material Untuk Good Corporate Governance. Jurnal Manajemen Bisnis, 12(2), 181-194. https://journal.undiknas.ac.id/index.php/magister-manajemen/article/view/305
Sofiasani, G., & Gautama, B. P. (2016). Pengaruh CAMEL terhadap Financial Distress Pada Sektor Perbankan Indonesia Periode 2009- 2013. Journal of Business Management and Enterpreneurship Education, 1(1), 136–146
Widhiadnyana, I. K., & Ratnadi, N. M. D. (2019). The impact of managerial ownership, institutional ownership, proportion of independent commissioner, and intellectual capital on Financial Distress. Journal of Economics, Business & Accountancy Ventura, 21(3), 351-360. https://doi.org/10.14414/jebav.v21i3.1233
Widiatmika, P. H., & Darma, G. S. (2018). Good Corporate Governance, Job Motivation, Organization Culture Which Impact Company Financial Performance. Jurnal Mananjemen Dan Bisnis, 15(3), 82–99. https://journal.undiknas.ac.id/index.php/magister-manajemen/article/view/608
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Published
2022-10-29
How to Cite
WULANDARI, Putu Vera; DARMA, Gede Sri; MAHYUNI, Luh Putu.
Countercyclical, COVID-19, and Financial Distress of Rural Bank Setting the Agenda for the Post Covid-19’s Stimulus.
Matrik : Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan, [S.l.], p. 293 - 309, oct. 2022.
ISSN 2302-8890.
Available at: <https://ojs.unud.ac.id/index.php/jmbk/article/view/76657>. Date accessed: 18 apr. 2024.
doi: https://doi.org/10.24843/MATRIK:JMBK.2022.v16.i02.p09.
Section
Articles
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
