Dinamika Keuangan Dan Perbankan

ANALISIS MODAL PENJAMINAN DAN PERILAKU MORAL HAZARD DALAM KEBIJAKAN LIMITED GUARANTEE: Tinjauan Kritis Pada LPS-Indonesia

wendy Wendy

This article discusses two main issues. First, the risk-shifting behavior in the banking industry, and secondly, capital adequacy problems of LPS. Blanket guarantee policy is considered able to restore public confidence in the Indonesian banking industry post of 1997 monetary crisis. Nevertheless, this policy has led to various practices of moral hazard. This condition initiates the Government to issue a limited guarantee policy which the implementation is submitted to LPS. The study shows that the two policies are equally potential to create moral hazard, but with a different pattern. The analysis from the capital side indicated that the LPS capital is still very limited. By simulating six scenarios of the bailout fund, the simulation results indicated that LPS capital can only assume clients claim a maximum of 1% of total third-party funds which they guaranteed.

Keywords: risk-shifting, blanket guarantee, limited guarantee, LPS, and the bailout

MODEL PREDIKSI TINGKAT KESEHATAN BANK MELALUI RASIO CAMELS

Nanang agus triwahyudi, Sutapa Sutapa

Early from monetary crisis is which knock over Indonesia of around year 1997 - 2008 causing private sector and also “persero” banking finding difficulties finance, even happened the liquidation bank and freezed. Pursuant to the background, hence problems which wish lifted in this research is whether CAMELS ratio consisted by the CAR, KAP, APB, NPM, ROA, ROE, BOPO, LDR, and IRR have the influence in prediction mount the health of banking in period 2004-2008?. While the target which wish expected in this research is to obtain; get the empirical evidence whether CAMELS ratio consisted by the CAR, KAP, APB, NPM, ROA, ROE, BOPO, LDR, IRR have the influence in prediction mount the health of banking in period 2004-2008.Population in this research is which banking go public with amount of sampel equal to 80 sampel of financial statement banking from 16 bank during period 2004-2008. The statistic methods which is used to test on the research hypothesis is logit regression. The result show that the financial ratio to influence the determination health of bank are ROA and IRR with the storey level significant of equal to 0,003 and 0,018. The mentioned in line with research conducted by Titik Aryani & Hekinus Manao (2002)

Keywords: health of bank, ratio CAMELS, logit regression.

ANALISIS PENGARUH DANA PIHAK KETIGA, BOPO, CAR DAN LDR TERHADAP KINERJA KEUANGAN PADA SEKTOR PERBANKAN YANG GO PUBLIC DI BURSA EFEK INDONESIA (BEI) (Periode 2005-2008)

Bambang Sudiyatno, Jati Suroso

Various banks in the case of Indonesia, such as cases with Edi Tansil Bapindo which loss the state 1.3 trillion, the case of BNI Kebayoran Baru which loss the state 1.2 trillion, the case of undisbursed loan credit alias that is not withdrawn by the debtor amounting to Rp 474.23 trillion per April 2010. But in the first quarter of 2009 national banking conditions have shown signs of improvement, as seen in the increasing ratio of capital adequacy ratio above 17% and the average NPL is still quite manageable sebasar 3.9%. This condition is not expected to make the banking industry to loosen the spirit of credit, because after all the national, financial institutions still anticipating the possibility of continued volatility of global financial crisis. This study aims to analyze the influence of third party funds (TPF), the Operational Cost to Operational Expenses (BOPO), Capital Adequancy Ratio (CAR) and Loan to Deposit Ratio (LDR) on the financial performance of the banking sector, which went public in Indonesia Stock Exchange period 2005-2008. The research proves that not all of the variables used in this research have a significant effect on the financial performance. Where the variable influence of Third Party Funds (TPF), the Operational Cost to Operational Expenses (BOPO), Capital Adequancy Ratio (CAR), which proved to have a significant effect on the financial performance, while the loan to deposit ratio (LDR) no significant effect on financial performance at 5% confidence level.

Keywords: DPK, BOPO, CAR, LDR, ROA

PERKEMBANGAN DAN PERMASALAHAN DANA PENSIUN DI INDONESIA

Maryono maryono

Pensiun Fund in Indonesia comprised of two types, namely Employer≫s Pensiun Fund (EPF) and Financial Institution Pensiun Fund (FIPF). EPF is a pensiun fund established by an individual or entity having employees, as the founder, to provide a defined benefit pensiun program or a defined contribution pensiun program, for the benefits of all or partial employees as participants, and inflicting obligation toward the employer. FIPF is a pensiun fund established by a bank or life insurance company to provide a defined contribution pensiun program for individual, either for employee or the employer itself. Meanwhile, there were 2 (two) types of pensiun program in such pensiun fund, namely Defined Benefit Pensiun Program (DBPP) and Defined Contribution Pensiun Program (DCPP). Defined Benefit Pensiun Program is a pensiun program, benefits of which are specified in Pensiun Program regulation. Defined Contribution Pensiun Program is a pensiun program, contribution of which is specified in Pensiun Program regulation, and all Contributions As Well As Its Investment Development Are Recorded In Respective Participant≫S account as the pensiun benefit. Up until the end of 2009, total active pensiun fund in Indonesia was 276 pensiun funds, comprising of 251 EPFs and 25 FIPFs. From such total number of pensiun funds, the total assets value of pensiun fund were up to Rp 112.36 trillion or about 2.0% coverage of Indonesia Gross Domestic Products (GDP) in 2009 (at 2000 constant market price). From such total amount of assets, 96.01% of pensiun fund assets were absorbed in the form of investment.

Keywords: saving, assurance, pensiun

PENGARUH FLUKTUASI NILAI TUKAR RUPIAH TERHADAP NERACA TRANSAKSI BERJALAN

Agus Budi Santosa

The Rupiah exchange rate is an economic variable which is very sensitive toward the changes in both economy and non-economy. The stability of Rupiah exchange rate has influenced on macro economic variables ( the balance of trade) and economic stabilities. So it is interesting to make a study/research on it. The research will choose and analyze approach models of Rupiah exchange rate to USA dollars. The result of the study is the bet model in determining Rupiah exchange rate. As the evaluation tool of the selected model, it will be held a forecast about Rupiah exchange rate with the selected model. Besides determining the model of Rupiah exchange rate, the other result of the study is the economy policy to manage/stabilize Rupiah exchange rate that can keep the macro economy stability. To get a valid conclusion, this study uses some analyses.

Keywords: the balance of payment , the exchange rate , the macro economic stability

FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN-PERUSAHAAN LQ-45 DI BURSA EFEK INDONESIA PERIODE 2006-2008

Nina Febriyani, Ceacilia Sri Mindarti

This research is aimed to analyze the influence of the asset structure, the chance of growth, profitability, and the company’s measurement to the capital strukture of LQ-45 companies in
Indonesia stock exchange.The population of this research is all companies which not only have been registered in BEI / Indonesia Stock Exchange but also have been included in the 2006 – 2008 LQ-45 group. The sample of this research is several companies which not only have been registered in BEI but also have been included in the 2006 – 2008 LQ-45 group and by applying purpose sampling technique, as many as 123 companies can be obtained. The kind of data is secondary. Data collection methods use documentation. Analysis technique which is used is multiple linear regression. The result of this analysis uses SPSS 11,5 version which shows that: The asset structure doesn’t affect the capital structure.; The chance of growth has a significant positive influence to the capital structure; Profitability influences the capital structure negatively
and significantly; The measurement of company gives both positive and significant influences to the capital structure.
Keywords: the asset structure, the chance of growth, profitability, the company’s measurement, the capital structure.