Corporate Governance, Charter Value, Tipe Kepemilikan, dan Pengambilan Risiko Perbankan Di Indonesia
Fitri, Hikmatul (Adv : Dr. Suad Husnan, MBA.), Dr. Suad Husnan, MBA.
Penelitian ini menguji pengaruh corporate governance, charter value terhadap pengambilan risiko perbankan pada bank yang terdaftar di Bursa Efek Indonesia periode 2004-2013. Jenis data dalam penelitian ini adalah data panel tidak seimbang. Corporate governance diukur dengan jumlah komisaris, persentase komisaris independen, kualitas manajemen risiko, dan jumlah rapat gabungan komisari dan direksi per tahun. Charter value diukur dengan TobinsÂ’Q. Proksi risk taking yang digunakan adalah berdasarkan data pasar saham (market based measure) dan data akuntansi (accounting based measure). Hasil penelitian ini menunjukkan bahwa corporate governance dan charter value mampu mendisplinkan pengambilan risiko perbankan. Kepemilikan asing dan domestik sebagai ultimate shareholder di suatu bank, tidak menunjukkan perbedaan terkait pengambilan risiko mereka, kedua kelompok kepemilikan tersebut menginginkan return yang lebih tinggi.
Hasil penelitian juga menunjukkan bahwa pengambilan risiko yang dilakukan oleh pihak manajemen bank lebih tercermin dalam pengukuran risiko berdasarkan data akuntansi, karena pengukuran tersebut memberikan hasil yang lebih konsisten.
The research examines the influence of corporate governance and charter value on risk taking of registered bank at Indonesian Stock Exchange 2004-2013. Unbalanced panel data is used in this research. Corporate governance is determined by the number of board of commissioners, the percentage of independent commissioners, the quality of risk management, and the total annual coordination meetings of commissioners and board of directors. TobinsÂ’ Q is used to measure Charter value. Proxy of risk taking relies on market based measure and accounting based measure. Corporate governance and charter value have shown their role in controlling and maintaining the risk taking in banking system. Foreign and domestic ownerships which dominate their shares in a bank explains the similar risk taking. In fact, both have also demanded a high return.
This research has also proved that risk taking conducted by bank management is in line with the risk calculation of accounting based measure. Therefore, it contributes a more consistent result.
Kata Kunci : corporate governance, charter value, tipe kepemilikan, pengambilan risiko, asing, domestik, Z-score, corporate governance, charter value, ownership, risk taking, foreign, domestic, Z-score
