Determinants of Financial Performance in Indonesian Banking During the 2022–2024 Period
DOI:
https://doi.org/10.32832/neraca.v21i2.24171Kata Kunci:
BOPO, firm size, NPL, Panel data Regression, ROAAbstrak
This research investigates the impact of Firm Size, operational efficiency, and credit risk on the financial performance of commercial banks listed on the Indonesia Stock Exchange from 2022 to 2024. Financial performance is assessed by Return on Assets (ROA), Firm Size is quantified by the natural logarithm of total assets, operational efficiency is evaluated via the Operating Expenses to Operating Income ratio (BOPO), and credit risk is determined using the Non-Performing Loan ratio (NPL). The research employs secondary data derived from the yearly financial reports of 12 banks chosen via purposive sampling, culminating in a balanced panel of 36 bank-year observations. The analysis employed panel data regression to evaluate the Common Effect Model, Fixed Effect Model, and Random Effect Model. According to the Chow and Hausman tests, the Random Effect Model was deemed the most suitable model. The findings indicate that Firm Size exhibits a positive albeit statistically inconsequential correlation with ROA. BOPO and NPL exhibit adverse and statistically significant correlations with ROA. The three independent variables concurrently exhibit a substantial correlation with ROA, reflected by a Marginal R² value of 0.803. These results suggest that the profitability of banks in the post-pandemic era is more significantly linked to operational efficiency and credit quality rather than merely the scale of assets
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