Analisis Pengaruh Pendapatan Subrogasi Pada Produk KUR dan Non-KUR Terhadap Laba Bersih Perusahaan Asuransi Kredit Indonesia

Abstract

This study investigates the extent to which income generated from People's Business Credit (KUR) products and non-KUR products influences a company's net profit in both the short and long term. Employing time series models with both Vector Autoregression (VAR) and Vector Error Correction Model (VECM) approaches, the research analyzes the interdependencies among variables. While VAR facilitates the analysis of variable relationships without prior causality assumptions, VECM is utilized to identify both short-term and long-term associations. Hypothesis testing revealed that in the short term, neither KUR nor non-KUR products exhibited a statistically significant impact on net profit, as evidenced by t-calculated values (-1.44792 for KUR and 1.9639 for non-KUR) being less than the t-table critical value of 2.034515. Conversely, in the long term, KUR income demonstrated a positive and significant effect (t-calculated: 2.92558 > t-table: 2.034515), whereas the long-term impact of non-KUR income was not statistically significant (t-calculated: -6.22923 < t-table: 2.034515).