Credit Risk, Liquidity, and Capital Strength as Drivers of Bank Value: The Mediating Role of Profitability
DOI:
https://doi.org/10.38035/snefr.v2i2.1162Keywords:
Non Performing Loan, Loan to Deposit Ratio, Capital Adequacy Ratio, Return on Assets, Price to Book Value (PBV)Abstract
This study aims to examine the effect of Non Performing Loan (NPL), Loan to Deposit Ratio (LDR), and Capital Adequacy Ratio (CAR) on Price to Book Value (PBV), with Return on Assets (ROA) as an intervening variable in banking companies listed on the Indonesia Stock Exchange (IDX) during 2021–2025. This quantitative study employed a causal associative approach. Using purposive sampling, 18 banking companies were selected, resulting in 90 observations. Panel data regression was conducted using EViews 14 Student Version, with t-test, F-test, and Sobel test used for hypothesis testing. The results indicate that NPL and LDR have a negative and significant effect on ROA, while CAR has no significant effect. NPL has no significant effect on PBV, whereas LDR has a positive and significant effect and CAR has a negative and significant effect. ROA has a negative and significant effect on PBV. Simultaneously, NPL, LDR, and CAR significantly affect ROA, while NPL, LDR, CAR, and ROA significantly affect PBV. The Sobel test shows that ROA mediates the effects of NPL and LDR on PBV but does not mediate the effect of CAR on PBV.
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