ANALISIS KINERJA KEUANGAN BANK MENGGUNAKAN RASIO CAMEL DAN PENGARUHNYA TERHADAP RETURN SAHAM (Studi Empiris pada bank umum go public yang terdaftar di BEJ tahun 2001-2003)

Abdillah, Arief Surya Irawan, S.E., M.Com., Ak.

2007 | Skripsi | S1 Extention - Accounting

This research was conducted to know the effect of CAMEL ratios to stock return of go public bank which was registered in Jakarta Stock Exchange (JSX) for the year 2001- 2003. The ratio which is used in this paper is CAMEL ratio that contains some fundamental aspects of banking industry. The details of CAMEL ratios were: Capital aspect represented by CAR (capital adequacy ratio), Asset (classified productive asset to productive asset ratio, and the fulfillment of classified productive asset number), Management (questionnaire to bank management), Earning (return on asset ratio, and operational expenses to operational revenues ratio), Liquidity (call money to current asset ratio, and loan to deposit ratio). CAMEL ratios usually used by bank regulator to regulate banks in a certain country. In Indonesia, we have Bank Indonesia (BI) as bank regulator. Samples used in this experiment were 19 go public banks. The selection for sample was using purposive sampling method from the population of public banks registered in JSX. The statistical method was using multiple regression method, t-Test and F-Test. The multiple regression method was used to find the relation between independent and dependent variables. F-Test was used to measure the significances of independent variables to dependent variable, while t-Test was used to measure the significances between those variables but in partially effect. The result showed that CAR and LDR have significant effect to the stock return in year 2003. Other ratios in CAMEL ratio have no significant effect to the stock return in the entire years of research. Based on this fact the investor may be use the CAR and LDR as the most reliable information compared to other ratios in CAMEL ratio. Keywords: Bank, stock return, CAMEL ratio

Kata Kunci : Kinerja Keuangan Bank; Rasio CAMEL; Perbankan