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DETERMINANT OF CAPITAL RATIO: A PANEL DATA ANALYSIS ON STATE-OWNED BANKS IN INDONESIA

Buletin Ekonomi Moneter dan Perbankan · Vol. 16 No. 4 (2014) · pp. 369–386

DOI
10.21098/bemp.v16i4.451
ISSN
2460-9196, 1410-8046
Published
2014-10-27
Publisher
Bank Indonesia
Language
eng

Abstract

Capital plays important role to support the operational of the banks and to create a sound banking system in aggregate. For this reason, the banks are required to have a sufficient amount of capital, both to support its business expansion as well as a buffer to prevent and to absorb any unexpected losses. This paper analyzes determinants of capital ratio of the state-owned banks in Indonesia. Using panel data regression model, the result shows that the capital ratio of these state-owned banks is affected by the size of the bank, the bank’s leverage, the quality of management, and the interest rate risk. Contrary to the existing literatures, this paper does not support the effect of management capability to generate income on the bank’s capital ratio. Keywords: Capital structure, state-owned banks, panel estimation.JEL Classification: C23, G21, G32

Collaboration network of the authors

30 authors · 64 co-authorship links

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  • Hasanuddin University
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Hermanto SiregarAffiliation unknown3
Bambang JuandaAffiliation unknown2
Tanti NoviantiAffiliation unknown2
Noer Azam AchsaniAffiliation unknown2
Kepas Antoni Adrianus ManurungAffiliation unknown1
Idqan FahmiAffiliation unknown1
Parlagutan SilitongaAffiliation unknown1
Anti Ruslan DarawantiAffiliation unknown1
Murpin SembiringAffiliation unknown1
Muhammad IqbalHasanuddin University1
Muhammad FirdausAffiliation unknown1
Nengsi Puspita DewiAffiliation unknown1
Sri Utami LestariAffiliation unknown1
Akhmad FauziAffiliation unknown1
Dedy YuliawanAffiliation unknown1
Toni BakhtiarAffiliation unknown1
Ferry SyarifuddinAffiliation unknown1
Heni HasanahAffiliation unknown1
Aviliani AvilianiAffiliation unknown1
Dila VindayaniAffiliation unknown1
Alla AsmaraAffiliation unknown1
Roy SembelAffiliation unknown1
Abitur AsiantoAffiliation unknown1
Sri MurtiyantiAffiliation unknown1
Widyastutik WidyastutikAffiliation unknown1
Adawiya TaufaniAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://www.bmeb-bi.org/index.php/BEMP/oai, first harvested 8 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en-US">DETERMINANT OF CAPITAL RATIO: A PANEL DATA ANALYSIS ON STATE-OWNED BANKS IN INDONESIA</dc:title>
	<dc:creator>Raharjo, Pamuji Gesang</dc:creator>
	<dc:creator>Hakim, Dedi Budiman</dc:creator>
	<dc:creator>Manurung, Adler Haymans</dc:creator>
	<dc:creator>Maulana, Tubagus Nur Ahmad</dc:creator>
	<dc:description xml:lang="en-US">Capital plays important role to support the operational of the banks and to create a sound banking system in aggregate. For this reason, the banks are required to have a sufficient amount of capital, both to support its business expansion as well as a buffer to prevent and to absorb any unexpected losses. This paper analyzes determinants of capital ratio of the state-owned banks in Indonesia. Using panel data regression model, the result shows that the capital ratio of these state-owned banks is affected by the size of the bank, the bank’s leverage, the quality of management, and the interest rate risk. Contrary to the existing literatures, this paper does not support the effect of management capability to generate income on the bank’s capital ratio. Keywords: Capital structure, state-owned banks, panel estimation.JEL Classification: C23, G21, G32</dc:description>
	<dc:publisher xml:lang="en-US">Bank Indonesia</dc:publisher>
	<dc:date>2014-10-27</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://www.bmeb-bi.org/index.php/BEMP/article/view/451</dc:identifier>
	<dc:identifier>10.21098/bemp.v16i4.451</dc:identifier>
	<dc:source xml:lang="en-US">Buletin Ekonomi Moneter dan Perbankan; Vol 16 No 4 (2014); 369-386</dc:source>
	<dc:source xml:lang="id-ID">Buletin Ekonomi Moneter dan Perbankan; Vol 16 No 4 (2014); 369-386</dc:source>
	<dc:source>2460-9196</dc:source>
	<dc:source>1410-8046</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://www.bmeb-bi.org/index.php/BEMP/article/view/451/426</dc:relation>
	<dc:relation>10.21098/bemp.v16i4.451.g426</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2015 Pamuji Gesang Raharjo, Dedi Budiman Hakim, Adler Haymans Manurung, Tubagus Nur Ahmad Maulana</dc:rights>
</oai_dc:dc>