The Role of Capital Adequacy Ratio in Moderating LDR and NPL on the Corporate Value of National Commercial Banks

Sochib1, Fetri Setya Liyundira2, Ani Yulianti3 Nico Irawan4

Authors

Sochib1, Fetri Setya Liyundira2, Ani Yulianti3 Nico Irawan4 Program Studi Akuntansi, Institut Teknologi dan Bisnis Widya Gama Lumajang, Indonesia Author

Keywords:

LDR, NPL, CAR, Tobins Q

Abstract

This study aims to detect the predicted company value using the Loan Deposit Ratio (LDR) and Non-Performing Loan (NPL) variables moderated by the Capital Adequacy Ratio (CAR). The research population is conventional national commercial banks in Indonesia listed on the IDX for the 2017-2021 period. Using the sampling method, a sample of 24 banks was obtained which were analyzed using the Moderated Regression Analysis (MRA) technique with Partial Least Square (PLS). Measurement of company value using Tobin's Q with research results showing that the Loan to loan-to-deposit ratio (LDR) has a significant influence on company value. Non-Performing Loan (NPL) does not influence company value. Capital Adequacy Ratio (CAR) is unable to moderate the influence of LDR and NPL on company value. Capital adequacy formed in the form of CAR focuses more on the bank's resilience to possible risks due to funding risk and credit default risk.

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