Effect of Return On Assets (ROA), Capital Adequacy Ratio (CAR), Loan To Deposit Ratio (LDR) Against SUKUK Prices In Islamic Banks In Indonesia

Surya Asih, Irawan;

Abstract

This study aims to analyze the effect of Return on Assets (ROA), Capital Adequacy Ratio (CAR), Loan To Deposit Ratio (LDR) to the prices of sukuk (sharia bonds) Islamic banks in Indonesia. This study is expected to explain that there is an increase in the performance of Islamic banks in Indonesia, namely liquidity ratios, profitability and stability with the existence of sukuk funds. The Action Plan carried out on each evaluation strategy begins by defining a series of theoretical concepts, relevant levels of analysis, and measurable indicators. The dependent variable of this study is the price of sukuk (Islamic bonds) and the independent variables of this study are Return On Assets (ROA), Capital Adequacy Ratio (CAR) and Loan to Deposit Ratio (LDR). The data analysis model uses multiple linear regression (multiple linear regression method). Observation of the data used is the data of these variables in the last 10 years, in 2006-2015. Data is obtained from Bank Indonesia. The analysis was carried out with the help of SPSS software (Statistical Package Social Science). The results of this study prove that simultaneously Return On Assets (ROA), Capital Adequacy Ratio (CAR), Loan To Deposit Ratio (LDR) affect the price of sukuk (sharia bonds) Islamic banks in Indonesia. The partial test results prove that the Return On Assets (ROA) does not affect the price of sukuk (Islamic bonds) in Islamic Banks in Indonesia. Capital Adequacy Ratio (CAR) affects the price of sukuk (Islamic bonds) Islamic banks in Indonesia. The Loan To Deposit Ratio (LDR) affects the price of sukuk (Islamic bonds) in Islamic banks in Indonesia.