Moderating role of financial technology towards the effect of financial performance, good corporate governance and macroeconomics on stock returns of Indonesia 4 category banks

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Aruan, Melitta felicia Gaberia (2023) Moderating role of financial technology towards the effect of financial performance, good corporate governance and macroeconomics on stock returns of Indonesia 4 category banks. Graduate thesis, Sekolah Tinggi Manajemen IPMI.

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Abstract

This study is to evaluate the impact of macroeconomics and financial performance on stock returns of Indonesian 4 category banks from 2012-2021 with financial technology as a moderating variable given there were limited study with different result previously. Macroeconomic is assessed using GDP growth, interest rate, exchange rate, and market return. Financial performance is measured by using RGEC methods (risk profile, good corporate governance, earnings and capital). The risk profile variables consist of non-performing loans (NPL) and loan to deposit ratio (LDR) while good corporate governance (GCG) use composite ratin GCG, earnings using ratios of return on assets (ROA), net interest margin (NIM) and capital using capital adequacy ratio (CAR). This study used descriptive quantitative and the regression data panel analysis to answer the research questions. The data sources used secondary data collected from annual report of ten commercial banks which represent the whole population of Indonesia 4 category banks. Eviews are used to analyze the data in this study. The result of this study concluded that GDP growth, exchange rate, market return and NPL are significantly affected stock returns. This study also found that financial technology moderated the impact of NPL on-stock returns. The other independent variables had no effect, and financial technology did not have moderating effect to other independent variables. The results of this study help researchers and practitioners understand the internal and external factors that affect banking industry in the financial technology era and managers to make strategy to improve the performance of the bank. Investors who want to invest in the banking sector are encouraged to analyze and closely monitor the GDP growth, exchange rate, market return and NPL because they have a positive effect on the return of their investment.

Item Type: Thesis (Graduate)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Thesis > Master of Business Administration
Depositing User: Dede Faujiah
Date Deposited: 20 Mar 2023 03:42
Last Modified: 20 Mar 2023 03:42
URI: http://repository.ipmi.ac.id/id/eprint/1848

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