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"Tesis ini membahas tentang pengaruh dari struktur kepemilikan perusahaan di Indonesia terhadap struktur pinjaman bank sindikasinya pada periode 2008-2013. Struktur pinjaman bank sindikasi ini ditinjau dari dua sisi yaitu konsentrasi dan komposisinya. Untuk mengukur adanya pengaruh struktur kepemilikan perusahaan maka digunakan metode ordinary least square regression dengan data cross section. Kemudian hasil dari pengukuran ini digunakan untuk melihat adanya pengaruh dari struktur kepemilikan perusahaan terhadap konsentrasi dan komposisi dari pinjaman bank sindikasinya. Pada penelitian juga diamati bagaimana karakteristik perusahaan dan karakteristik pinjaman mempengaruhi struktur pinjaman bank sindikasi tersebut. Penelitian ini menunjukan bahwa adanya pengaruh meningkatnya konsentrasi pinjaman pada lead arranger dan semakin banyaknya porsi untuk bank kreditor lokal jika kepemilikan perusaan lebih terkonsentrasi pada satu pemilik mayoritas.

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This thesis discusses the influence of the corporate ownership structure of companies in Indonesia against its syndicated bank loan structure in the period 2008-2013. This syndicated bank loan structure is reviewed from two sides, namely its concentration and its composition. To measure the influence of the structure of ownership of the company then used ordinary least square regression method with cross section data. The results of these measurements are used to notice any effect of the company's ownership structure towards the concentration and composition of its syndicated bank loan. The research also observed how the characteristics of the company and loan characteristics affect the structure of the syndicated bank loan. This research showed that the influence of the increasing concentration of loans on lead arranger and a growing number of local creditors to bank servings if the company's ownership is more concentrated into a single majority owner."

"Penelitian ini bertujuan untuk menguji hipotesis terkait dengan struktur konsentrasi pasar terhadap profitabilitas perbankan di Indonesia yang terdaftar di Bursa Efek Indonesia selama periode 2007 hingga 2016 dengan menguji hipotesis structure conduct performance (SCP), relative market hypothesis (RMP), efficient structure (ES), and quiet life hypothesis (QL). Concentration ratio (CCR4), Herfindahl Hrischman Index (HHI) dan indeks Lerner (Lerner) digunakan sebagai variabel dalam pengukuran proksi konsentrasi, sedangkan market share (MS) digunakan sebagai pengukuran hipotesis RMP, variabel X-efficiency (XEFF) dan scale efficiency (SEFF) digunakan dalam membuktikan hipotesis ES. Pengukuran variabel XEFF dan SEFF dilakukan dengan menggunakan metode nonparametrik Data Envelopment Analysis (DEA), dan regresi selanjutnya dilakukan dengan menggunakan regresi data panel Generalized Least Square (GLS).Hasil regresi menunjukkan bahwa struktur industri perbankan di Indonesia cenderung semakin terkonsentrasi.Selain itu, berdasarkan hasil analisis yang dilakukan, perbankan di Indonesia tidak berlaku sesuai dengan hipotesis SCP ES, maupun QL, namun cenderung lebih sesuai pada hipotesis RMP.

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This study aims to test the hypothesis related to the market concentration structure on the profitability of banks in Indonesia listed on the Indonesia Stock Exchange during the period 2007 to 2016 by testing the structure conduct performance (SCP), relative market hypothesis (RMP), efficient structure (ES) and quiet life hypothesis (QL). Concentration ratios (CCR4), Herfindahl Hrischman Index (HHI) and Lerner index (Lerner) were used as variables in proxy concentration measurements, while market share (MS) was used as a measurement of RMP hypotheses, X-efficiency (XEFF) and scale efficiency (SEFF ) is used in proving the ES hypothesis. Measurements of XEFF and SEFF variables were performed using nonparametric Data Envelopment Analysis (DEA) methods, and subsequent regression was performed using Generalized Least Square (GLS) panel data regression. Regression results show that the structure of the banking industry in Indonesia tends to be increasingly concentrated. In addition, based on the results of the analysis, banks in Indonesia do not apply in accordance with the hypothesis SCP, ES, or QL, but tend to be more appropriate on the RMP hypothesis."

"Penelitian ini bertujuan untuk mengidentifikasi pengaruh kebijakan moneter Islam terhadap pembiayaan perbankan Islam di Indonesia, pada periodei Maret 2008 hingga Maret 2017. Penelitian ini Penelitian ini menggunakan model VECM, di mana variabel kebijakan moneter Islam yang digunakan adalah SBIS Sertifikat Bank Indonesia Syariah dan PUAS Pasar Uang Antarbank Syariah, sementara variabel lainnya mencakup total pembiayaan perbankan Islam, imbal hasil akad mudaraba, marjin akad murabaha, tingkat inflasi, indeks produksi industri, dan nilai tukar.Hasil penelitian ini menunjukkan bahwa kebijakan moneter Islam berpengaruh dan telah dapat ditransmisikan melalui saluran bank-lending channel. Penurunan return SBIS sebesar satu persen akan meningkatkan total pembiayaan perbankan Islam sebanyak 1.34 persen, sementara peningkatan return PUAS sebesar satu persen akan meningkatkan total pembiayaan perbankan Islam sebesar 0.64 persen.Selain itu, dengan menggunakan what-if analysis, penelitian juga memprediksi bahwa potensi industri perbankan Islam hingga 2022 akan terus menunjukkan tren positif dalam berbagai iklim perekonomian. Secara keseluruhan, hasil penelitian ini diharapkan dapat memperkaya literatur terkait pengaruh kebijakan moneter Islam dan membantu investor untuk menilai kelayakan investasi khususnya dalam industri perbankan Islam di Indonesia.

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This research aims to identify the influence of Islamic monetary policy on Islamic banking financing in Indonesia from March 2008 to March 2017. This research uses VECM model, where Islamic monetary policy variable used is SBIS Bank Indonesia Sharia Certificate and PUAS Shariah Interbank Money Market, while other variables include total Islamic banking financing, mudaraba contract yield, the margin of murabaha, inflation rate, industrial production index, and exchange rate.

The results of this study indicate that Islamic monetary policy is influential and can be transmitted through bank lending channel channels. A one percent decline in SBIS return will increase Islamic banking financing by 1.34 percent while increasing PUAS return by one percent will increase Islamic banking financing by 0.64 percent.

In addition, using what if analysis, the study also predicts that the potential of the Islamic banking industry until 2022 will continue to show positive trends in various economic climates. Overall, the results of this study are expected to enrich the literature on the influence of Islamic monetary policy and help investors to assess the feasibility of investment, especially in the Islamic banking industry in Indonesia."

"Tujuan penulisan tesis ini adalah untuk menganalisa hubungan antara struktur kcpemilikan, resiko dan performa dari industri perbankan komersial Indonesia. Tesis ini mempelajari apakah struktur kepemilikan mempunyai pegaruh moderat diantara hubungan tersebut diatas dan apakah mempunyai peranan penting dalarn perilaku pengambilan resiko serta pengaruhnya terhadap performa bank yang diukur dengan ROA. Data yang digunakan dalam tesis ini adalah disusun berdasarkan sumber data laporan nraca dan rugi laba triwulan yang telah dilaporkan kepada Bank Indonesia. Data-data tersebut dianaiisa dengan menggunakan metode "time-series regression analysis". Hasil dari tesis ini menjelaskan bahwa bentuk dari struktur kepemilikan perbankan di Indonesia adalah "homogeneous" dimana pernilik mempunyai hak mayoritas dalarn mengendalikan suatu bank. Hubungan antara pemilik dan sikap dalam pengambilan resiko tergantung pada kepentingan dan peranan pemegang saham mayoritas serta peiaturan yang berlaku. Besarnya modal yang ditanamkan juga menjadi salah satu faktor yang menentukan dan mendukung kestabilan suatu bank akan tetapi tidak mengurangi keinginan dalam pengambilan resiko. Seianjutnya, besarnya asetjuga dapat mendukung stabilitas suatu bank namun disisi lain dapatjuga menyebabkan peningkatan pada agresifitas pengambilan resiko yang akan mempengaruhi ROA. Penulisan tesis ini juga dapat menjelaskan korelasi negatif antara manajemen resiko dan performa berdasarkan ROA.

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The purpose ofthe study is to investigate relationships between ownership structure, risk and performance in Indonesian commercial banking industry. This study examines whether the type of ownership has moderating effect on these relationships, and whether ownership structure is a key determinant of risk taking behavior that effect bank's performance in terms of ROA. The data used are banks quarterly balance sheet and income statement from the publication of Bank Indonesia. Methodology for data analysis is time-series regression analysis.

This study finds that in Indonesia commercial banking ownership structure is homogeneous, where owners have strong controlling rights. But the relationship between ownership and risk taking behavior depends on the role of the largest owner in managing the firms and regulations. Capital requirements do induce and support bank's soundness, but do not reduce bank risk taking. Furthermore, interestingly size of bank's asset also support stability but induce aggressiveness in risk taking that influence ROA. This study also finds negative relationships between risk management and bank's performance in terms of ROA."

"[ABSTRAKPenelitian ini meneliti : a) Pengaruh kepemilikan mayoritas terhadap kinerja perusahaan penerbangan, dan b) Pengaruh adanya hubungan keluarga dalam jajaran direksi terhadap kinerja perusahaan penerbangan. Penelitian ini menggunakan Revenue Passenger Kilometre (RPK) dan keuntungan operasional. Hasilnya menunjukan bahwa adanya hubungan keluarga dalam jajaran direksi berpengaruh terhadap kinerja perusahaan penerbangan yang di ukur dengan RPK, sedangkan kepemilikan mayoritas berpengaruh terhadap kinerja perusahaan penerbangan yang di ukur dengan keuntungan operasional.

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ABSTRACTThis study discuss about : a. The influence of majority ownership to the performance of the airline, and b. The influence of family relationship in the Board of Directors to the performance of the airline. This study used Revenue Passenger Kilometre (RPK) and operating profit as proxies on airline performance. The result shows that the family relationship in the Board of Directors effect on the airline performance which is measured by RPK, while the majority ownership effect on the airline performance which is measured by operating profit..;This study discuss about : a. The influence of majority ownership to the performance of the airline, and b. The influence of family relationship in the Board of Directors to the performance of the airline. This study used Revenue Passenger Kilometre (RPK) and operating profit as proxies on airline performance. The result shows that the family relationship in the Board of Directors effect on the airline performance which is measured by RPK, while the majority ownership effect on the airline performance which is measured by operating profit.., This study discuss about : a. The influence of majority ownership to the performance of the airline, and b. The influence of family relationship in the Board of Directors to the performance of the airline. This study used Revenue Passenger Kilometre (RPK) and operating profit as proxies on airline performance. The result shows that the family relationship in the Board of Directors effect on the airline performance which is measured by RPK, while the majority ownership effect on the airline performance which is measured by operating profit..]"

"ABSTRAKPenelitian ini bertujuan untuk melihat dampak dari kepemilikan asing dan negarapada risiko bank. Analisis regresi panel data digunakan pada 28 sampel bankkomersil dari Indonesia dan Thailand selama periode 2008-2014. Metode regresimenggunakan regresi panel dengan generalized least square. Hasil dari penelitianini menunjukan 3 (tiga) temuan. Yang pertama, jika dilihat dari risiko kebangkrutannya,bank kepemilikan asing maupun bank kepemilikan negara tidak mempengaruhirisiko kebangkrutan secara signifikan. Penemuan kedua, jika dilihat dari risikoasetnya, bank kepemilikan asing berkorelai negatif terhadap risiko aset sedangkankepemilikan negara berkorelasi positif. Penemuan yang terakhir, jika dilihat daritingkat kecukupan modal, bank kepemilikan negara cenderung memiliki tingkat kecukupanyang lebih baik dibandingkan bank kepemilikan asing

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ABSTRACTThis paper aims to investigate the impact of foreign and state ownership onbanking risk. Panel data regression analysis is applied to a sample of 28 commercialbanks from Indonesia and Thailand during the 2008?2014 period. The panel dataapproach with generalized least square model is employed in this research. Thispaper have three important findings. The first result, in terms of insolvency risk,both foreign or state ownership does not affect significantly to the insolvency risk.The second finding, in terms of risk assets, foreign ownership correlates negativelyto risk assets while the state ownership positively correlated. The last finding, interms of level of capital adequacy, banks in state ownership tend to have a betteradequacy than foreign ownership"

"Studi ini bertujuan untuk meneliti pengaruh dari diversifikasi pendapatan yang dilakukan oleh bank terhadap kinerja dan stabilitas bank di Bursa Efek Indonesia pada tahun 2011-2020. Penelitian ini juga melihat pengaruh dari struktur kepemilikan dalam mempengaruhi hubungan antara diversifikasi pendapatan dengan kinerja dan stabilitas bank. Penelitian ini menjadikan 47 bank terbuka di Indonesia sebagai sampel dengan menggunakan regresi panel sebagai metode penelitian. Penelitian ini menemukan bahwa diversifikasi pendapatan secara positif dan signifikan mampu mempengaruhi kinerja bank apabila ditinjau menggunakan accounting-based measurement, namun di saat yang bersamaan mampu memembuat bank menjadi semakin berisiko. Selain itu, konsentrasi kepemilikan saham terbesar pada bank serta persentase kepemilikan saham oleh pihak asing juga secara signifikan dan positif mampu mempengaruhi hubungan antara diversifikasi pendapatan yang dilakukan oleh bank terhadap kinerja dan stabilitas bank. Di sisi lain, konsentrasi kepemilikan saham bank oleh investor swasta lokal memberikan pengaruh yang positif terhadap hubungan antara diversifikasi pendapatan dengan Z-score.

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This study aims to examine the effect of income diversification carried out by banks on the performance and stability of banks listed in the Indonesia Stock Exchange during the period of 2011-2020. This study also looks at the effect of ownership structure in influencing the relationship between income diversification, bank performance, and stability. This study uses 47 public banks in Indonesia as a sample using panel regression as its research method. This study finds that income diversification can positively and significantly affect bank performance when viewed from an accounting-based measurement, where at the same time, it is able to increase bank risk. In addition, the concentration of bank ownership and foreign ownership also significantly and positively influences the relationship between income diversification, bank performance, and stability. Other than that, the concentration of bank shares by the private local investor has a positive effect on the relationship between income diversification and Z-score."

"[ABSTRAKIndonesia akan segera menghadapi MEA dan sektor keuangan merupakan salah satu sektor yang terpengaruh dan harus dapat bersaing di MEA. Sektor keuangan yang paling dominan di Indonesia adalah Industri Perbankan. Oleh karena itu, Pemerintah memiliki rencana untuk melakukan megamerjer dua bank BUMN besar Indonesia, Bank Mandiri sebagai perusahaan bidder dan BNI sebagai perusahaan target. Penelitian ini akan difokuskan kepada analisis deal payment, struktur kepemilikan bank yang baru, dan hal-hal apa yang perlu diperhatikan demi kesuksesan megamerjer. Hasil penilaian megamerjer yang terjadi antara Bank Mandiri dan BNI pada seluruh skenario memiliki nilai sinergi yang positif yaitu sebesar Rp 1.103,482 Triliun untuk skenario pertama, Rp 7,543 Triliun untuk skenario kedua dan Rp 823,892 Triliun untuk skenario ketiga. Dari ketiga skenario tersebut, diperoleh kesimpulan mengenai Alternatif pembiayaan merjer yang terdiri atas cash dan stock, yang apabila hendak membeli 50% kepemilikan dari BBNI memiliki nilai transaksi sebesar Rp 65,270 Triliun. Dengan jumlah pembayaran tersebut, shareholder BBNI akan menerima 2,78% dari perusahaan setelah merjer pada skenario I, menerima 5,26% pada skenario II, dan 3,16% pada skenario III. Analisis terhadap bobot kepemilikan bank pada scenario I dan III menunjukkan bahwa sesudah merjer bobot kepemilikan majority shareholder dan minority shareholder tidak mengalami perubahan, sedangkan pada skenario II kepemilikan majority shareholder mengalami penurunan dari 60% menjadi 57% dan minority shareholder mengalami peningkatan dari 40% menjadi 43%. Hasil ini menunjukkan bahwa tidak terjadi ekspropriasi terhadap minority shareholder.

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ABSTRACTIndonesia will face AEC soon and The Financial sector is one sector that‟s affectedand should be able to compete in the AEC. The most dominant financial sector inIndonesia is The Banking Industry. Therefore, the Government has plan to mergetwo major state-owned bank in Indonesia, Bank Mandiri as the bidding firm and BNIas the target firm. This study will be focused on analysis of deal payment, bankownership structure, and what things to consider for the success of megamerger twoIndonesian state-owned banks. Megamerjer assessment results that occur betweenBank Mandiri and BNI on the whole scenario has a positive synergy value that isequal to Rp 1.103,482 trillion for the first scenario , Rp 7,543 trillion for the secondscenario and Rp 823,892 trillion for the third scenario. Of the three scenarios, theconclusion regarding the financing alternative merger consisting of cash and stock,which, if they wanted to buy 50 % ownership of BBNI having a transaction value ofRp 65,270 trillion . With the amount of such payment , BBNI shareholders willreceive 2,78% of the company after the merger in the first scenario , receiving 5,26%in scenario II, and 3,16% in the third scenario. Analysis of the weight bankownership in scenario I and III shows that after the merger the weight of majorityshareholders and minority ownership shareholder is unchanged, while in the scenarioII majority shareholder ownership decreased from 60% to 57% and minority shareholders increased from 40% to 43%. These results indicate that there is no expropriation of the minority shareholder.;Indonesia will face AEC soon and The Financial sector is one sector that‟s affectedand should be able to compete in the AEC. The most dominant financial sector inIndonesia is The Banking Industry. Therefore, the Government has plan to mergetwo major state-owned bank in Indonesia, Bank Mandiri as the bidding firm and BNIas the target firm. This study will be focused on analysis of deal payment, bankownership structure, and what things to consider for the success of megamerger twoIndonesian state-owned banks. Megamerjer assessment results that occur betweenBank Mandiri and BNI on the whole scenario has a positive synergy value that isequal to Rp 1.103,482 trillion for the first scenario , Rp 7,543 trillion for the secondscenario and Rp 823,892 trillion for the third scenario. Of the three scenarios, theconclusion regarding the financing alternative merger consisting of cash and stock,which, if they wanted to buy 50 % ownership of BBNI having a transaction value ofRp 65,270 trillion . With the amount of such payment , BBNI shareholders willreceive 2,78% of the company after the merger in the first scenario , receiving 5,26%in scenario II, and 3,16% in the third scenario. Analysis of the weight bankownership in scenario I and III shows that after the merger the weight of majorityshareholders and minority ownership shareholder is unchanged, while in the scenarioII majority shareholder ownership decreased from 60% to 57% and minority shareholders increased from 40% to 43%. These results indicate that there is no expropriation of the minority shareholder., Indonesia will face AEC soon and The Financial sector is one sector that‟s affectedand should be able to compete in the AEC. The most dominant financial sector inIndonesia is The Banking Industry. Therefore, the Government has plan to mergetwo major state-owned bank in Indonesia, Bank Mandiri as the bidding firm and BNIas the target firm. This study will be focused on analysis of deal payment, bankownership structure, and what things to consider for the success of megamerger twoIndonesian state-owned banks. Megamerjer assessment results that occur betweenBank Mandiri and BNI on the whole scenario has a positive synergy value that isequal to Rp 1.103,482 trillion for the first scenario , Rp 7,543 trillion for the secondscenario and Rp 823,892 trillion for the third scenario. Of the three scenarios, theconclusion regarding the financing alternative merger consisting of cash and stock,which, if they wanted to buy 50 % ownership of BBNI having a transaction value ofRp 65,270 trillion . With the amount of such payment , BBNI shareholders willreceive 2,78% of the company after the merger in the first scenario , receiving 5,26%in scenario II, and 3,16% in the third scenario. Analysis of the weight bankownership in scenario I and III shows that after the merger the weight of majorityshareholders and minority ownership shareholder is unchanged, while in the scenarioII majority shareholder ownership decreased from 60% to 57% and minority shareholders increased from 40% to 43%. These results indicate that there is no expropriation of the minority shareholder.]"

"Penelitian ini bertujuan untuk mengetahui pengaruh dari struktur pasar terhadap stabilitas perbankan syariah dan konvensional di Indonesia periode tahun 2011 hingga 2015. Penelitian ini menggunakan metode pengukuran Z-Score untuk mengukur tingkat stabilitas perbankan baik pada bank syariah maupun konvensional. Selanjutnya, digunakan metode panel untuk mengetahui pengaruh persaingan dalam struktur pasar terhadap stabilitas perbankan. Hasil penelitian menemukan bahwa tingkat persaingan industri perbankan yang tinggi dapat meningkatkan stabilitas bank syariah maupun bank konvensional di Indonesia. Temuan ini menunjukkan bahwa industri perbankan di Indonesia cenderung mendukung competition-stability hypothesis.

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This research aims to determine the impact of market structure on the stability of Islamic and conventional bank in Indonesia during 2011 ndash 2015. This research uses Z Score to obtain the level of stability of both Islamic and conventional bank. Furthermore, panel method is used to determine the impact of competition within market structure towards banking stability. This research found that more competitive banking system can boost its stability for both Islamic and conventional bank in Indonesia. This result indicates that banking system in Indonesia supports the competition stability hypothesis."