ABSTRAK
Tujuan dari penelitian ini adalah untuk menguji dan mencari bukti empiris mengenai pengaruh good corporate governance terhadap hubungan antara credit risk dengan profitability pada perbankan yang menjadi peserta pemeringkatan Corporate Governance Perception Index (CGPI). Penerapan good corporate governance diproksikan dengan nilai CGPI yang diterbitkan pada SWA Magazine. Sedangkan credit risk diproksikan dengan Non Performing Loan (NPL) dan profitability diproksikan dengan Return on Assets (ROA) dan Return on Equity (ROE). Penelitian ini juga menggunakan variabel kontrol yakni size, leverage, dan growth opportunity.
Penelitian ini menguji 6 hipotesis, yaitu (1) NPL berpengaruh negatif dan signifikan terhadap ROA, (2) NPL berpengaruh positif dan signifikan terhadap ROE, (3) size berpengaruh positif terhadap profitability, (4) leverage berpengaruh positif terhadap profitability, (5) growth opportunity berpengaruh positif terhadap profitability, dan (6) good corporate governance mampu memoderasi hubungan antara credit risk dengan profitability dengan size, leverage, dan growth opportunity sebagai variabel kontrol. Keenam hipotesis tersebut diuji dengan menggunakan analisis regresi berganda
Sampel penelitian terdiri atas 23 perusahaan perbankan yang menjadi peserta pemeringkatan Corporate Governance Percertion Index (CGPI) selama tahun 2009-2013. Data sampel diperoleh melalui purposive sampling. Hasil penelitian ini menunjukkan bahwa credit risk (NPL) berpengaruh negatif dan signifikan terhadap profitability (ROA), akan tetapi tidak berpengaruh positif dan signifikan terhadap profitability (ROE). Hasil juga menunjukkan bahwa good corporate governance bukan variabel moderasi dan size, leverage, serta growth opportunity tidak berpengaruh terhadap profitability.
Kata Kunci : good corporate governance, CGPI, credit risk, profitability
ABSTRACT
The aim of this study was to examine and find out empirical evidence on the effect of corporate governance on the relationship between credit risk to profitability in banking who participated in Corporate Governance Perception Index (CGPI). Implementation of good corporate governance is proxied by the value CGPI published in SWA Magazine. While credit risk is proxied by the non-performing loan (NPL) and profitability is proxied by Return on Assets (ROA) and Return on Equity (ROE). This study also uses the control variable size, leverage, and growth opportunity.
This research consist of six hypothesis to be tested, (1) NPL has negative and significant effect on ROA, (2) NPL has positive and significant effect on ROE, (3) size has positive effect on profitability, (4) leverage has positive effect on profitability, (5) growth opportunity has positive effect on profitability, and (6) good corporate governance is able to moderate the relationship between credit risk to profitability with size, leverage, and growth opportunity as control variables. These six hypotheses were tested using multiple regression analysis.
The sample of this research consist of 23 banking companies who participated on Corporate Governance Perception Index (CGPI) during the years 2009-2013. Sample data obtained through purposive sampling. The results of this study indicate that the credit risk (NPL) has negative and significant effect on profitability (ROA), but no significant positive effect on profitability (ROE). The results also show that good corporate governance is not a variable moderation and size, leverage, as well as the growth opportunity does not affect the profitability.
Keyword : good corporate governance, CGPI, credit risk, profitability
