Analisis Pengaruh Capital Adequacy Ratio (CAR), Loan To Deposit Ratio (LDR) dan Good Corporate Governance (GCG) Terhadap Nilai Perusahaan Pada Perbankan Yang Terdaftar Di Bursa Efek Indonesia (Bei) Periode 2020-2024

Shalhan Abdullah Rabbani, Saiqa Ilham Akbar BS, S.E., M.Sc

2025 | Tugas Akhir | D4 PERBANKAN

    Penelitian ini bertujuan untuk menganalisis pengaruh Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR) dan Good Corporate Governance (GCG) terhadap nilai perusahaan bank yang masuk dalam kategori indeks LQ45 periode 2020-2024. Kinerja keuangan menjadi tolak ukur kesehatan bank dan pertimbangan bagi investor untuk menilai potensi dan risiko investasi pada perusahaan perbankan.

    Penelitian ini menggunakan metode kuantitatif dengan metode regresi liner berganda. Variabal independen dalam penelitian ini terdiri dari Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR) dan Good Corporate Governance (GCG). Adapun untuk variabel dependen adalah nilai perusahaan yang diproksikan melalui Price to Book Value (PBV).

    Hasil penelitian menunjukkan bahwa Capital Adequacy Ratio (CAR) dan Loan to Deposit Ratio (LDR) berpengaruh signifikan terhadap Price to Book Value dimana CAR berpengaruh positif terhadap PBV dan LDR berpengaruh negatif terhadap Price to Book Value (PBV). Variabel penelitian Good Corporate Governance (GCG), tidak berpengaruh signifikan secara parsial terhadap nilai perusahaan. Hasil penelitian yang menunjukkan nilai GCG tidak berpengaruh signifikan terhadap nilai perusahaan dikarenakan pengaruh GCG bersifat long-term. Nilai koefisien determinasi menunjukkan bahwa variabel independent mampu menjelaskan sebagai variasi dari variabel dependen meskipun terdapat faktor lain yang juga memengaruhi.

    Temuan pada penelitian ini menegaskan bahwa indikator CAR, LDR dan GCG berperan penting dalam meningkatkan nilai perusahaan terkhusus pada sektor perbankan. Analisis ini dapat menjadi acuan bagi investor dalam mempertimbangkan proses investasinya dan mendorong perusahaan perbankan untuk tetap menjaga kinerja keuangan yang berkelanjutan.

    This study aims to analyze the effect of Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), and Good Corporate Governance (GCG) on the value of banks included in the LQ45 index for the period 2020-2024. Financial performance is a measure of a bank's health and a consideration for investors in assessing the potential and risks of investing in banking companies.

    This study uses a quantitative method with multiple linear regression. The independent variables in this study consist of Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), and Good Corporate Governance (GCG). The dependent variable is company value, which is proxied by Price to Book Value (PBV).

    The results show that CAR and LDR have a significant effect on Price to Book Value, where CAR has a positive effect on PBV and LDR has a negative effect on Price to Book Value (PBV). The research variable Good Corporate Governance (GCG) does not have a significant partial effect on company value. The research results show that GCG does not have a significant effect on company value because the effect of GCG is long-term. The coefficient of determination shows that the independent variables are able to explain the variation in the dependent variable even though there are other factors that also influence it.

    The findings of this study confirm that CAR, LDR, and GCG indicators play an important role in increasing company value, especially in the banking sector. This analysis can be used as a reference for investors in considering their investment processes and encouraging banking companies to maintain sustainable financial performance.

Kata Kunci : Kinerja keuangan, CAR, LDR, GCG, Price to Book Value