Cakrawala: Jurnal Studi Islam
Vol 14 No 2 (2019)

Struktur Modal dan Pembiayaan BPRS di Indonesia

Multazam Mansyur Addury (STEI Yogyakarta, Indonesia)



Article Info

Publish Date
31 Jan 2020

Abstract

The development of BPRS is expected to contribute to the market share of Islamic banking in Indonesia. This study aims to analyze the impact of capital structure on the BPRS financing. The object of this research is 164 BPRS in Indonesia, with a range of annual data from 2010 to 2017. The dependent variable is debt and equity-based financing (DEBF). The independent variable is measured using a debt to asset ratio (DAR) and debt to equity ratio (DER). In addition, this study also uses three control variables namely size, GDP growth rate, and provincial inflation. The data analysis technique used is panel data regression. The results show that the capital structure by DAR consistently had a positive and significant effect on the BPRS financing. Moreover, the capital structure by DER does not have a significant effect on the BPRS financing

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Journal Info

Abbrev

cakrawala

Publisher

Subject

Religion Humanities Economics, Econometrics & Finance

Description

CJSI is a scientific journal of Islamic studies managed by Universitas Muhammadiyah Magelang, Indonesia. This journal is issued twice a year and it is a tool for Indonesian researchers, academics, and practitioners who are interested to channel their thoughts and findings. This journal should cover ...