Panel Data Regression: Equity Financing and Debt-based Financing Islamic Commercial Banking in Indonesia

Isnaini Ulfa Rinda Sari; Rofiul Wahyudi

doi:10.21111/at.v9i1.8288

Authors

Isnaini Ulfa Rinda Sari Universitas Ahmad Dahlan
Rofiul Wahyudi Universitas Ahmad Dahlan

DOI:

https://doi.org/10.21111/at.v9i1.8288

Keywords:

Equity financing, Debt-based financing, Islamic Commercial Bank, Indonesia

Abstract

This paper investigates the impact of equity financing and debt-based financing on profitability in Islamic Commercial Banks. Panel data regression is used to determine the effect of equity-based financing and debt-based financing on Islamic commercial banks' profitability in Indonesia. The data used in this study are the aggregate financial statements of Islamic commercial banks during 2015-2019. The research findings show that partially debt and equity-based financing does not affect ROA and ROE of Islamic Commercial Banks. However, simultaneously the statistical results show a difference where debt and equity-based financing do not affect ROA. Meanwhile, debt and equity-based financing simultaneously affect ROE

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