Determinants of MSME Financing in OJK-Listed Regional Development Banks: An Islamic Perspective on Interest Rate as a Moderating Variable
Abstract
This study aims to analyze the influence of third-party funds, non-performing loans, return on assets, and capital adequacy ratio on MSME financing distribution with interest rates as a moderating variable at regional development banks (RDBs) registered with the OJK (Financial Services Authority of Indonesia) during the 2020–2024 period. The research uses 115 samples from a population of 23 companies, selected using purposive sampling. This study employs quantitative data obtained from published financial statements of the OJK for 2020-2024. The analytical methods used are multiple linear and moderated analyses (MRA), processed using SPSS software. The study shows that third-party funds, return on assets, and capital adequacy ratio positively and significantly affect MSME financing. In contrast, non-performing loans have no significant impact. Interest rates significantly moderate the relationships between third-party funds, non-performing loans, and capital adequacy ratios with MSME financing. Conversely, they do not exhibit moderation on the relationship between ROA and MSME financing.
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DOI: http://dx.doi.org/10.30659/ijibe.10.1.41-57
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