Analisis Pengaruh Kerja Sama Channeling BPRS dengan Fintech P2P Financing Terhadap Efisiensi BPRS

Abstract

Kerja sama channeling antara Bank Perekonomian Rakyat Syariah (BPRS) dan perusahaan fintech P2P financing syariah berkembang sebagai strategi perluasan pembiayaan dan inklusi keuangan, namun dampaknya terhadap efisiensi operasional BPRS belum banyak dikaji empiris. Penelitian ini bertujuan menganalisis tingkat efisiensi BPRS yang bekerja sama dengan fintech P2P syariah serta mengidentifikasi faktor yang memengaruhinya menggunakan metode Two Stage Data Envelopment Analysis (DEA) dan regresi Tobit terhadap data triwulan lima BPRS periode 2016–2025. Hasil DEA menunjukkan rata-rata efisiensi sebesar 0,91 dengan pola tidak seragam antar BPRS. Hasil regresi Tobit menunjukkan variabel dummy kerja sama channeling berpengaruh negatif dan signifikan, mengindikasikan adanya fase penyesuaian pasca-adopsi. ROA, CAR, BOPO, dan pertumbuhan GDP berpengaruh positif dan signifikan, sedangkan FDR, NPF, dan inflasi tidak berpengaruh signifikan. BPRS perlu memperkuat permodalan dan profitabilitas serta mempersiapkan transisi operasional yang matang sebelum mengadopsi kerja sama channeling.

Channeling collaboration between Islamic Rural Banks (BPRS) and Islamic P2P fintech companies has emerged as a strategy to expand financing and promote financial inclusion, yet its impact on BPRS operational efficiency remains underexplored. This study analyzed the efficiency level of BPRS engaged in channeling collaboration with Islamic P2P fintech and identified its influencing factors using Two-Stage Data Envelopment Analysis (DEA) and Tobit regression on quarterly data from five BPRS over 2016–2025. DEA results showed an average efficiency score of 0.91 with non-uniform patterns across institutions. Tobit regression revealed that the channeling collaboration dummy variable had a significant negative effect, suggesting a post-adoption adjustment phase. ROA, CAR, BOPO, and GDP growth had significant positive effects, while FDR, NPF, and inflation showed no significant effects. BPRS should strengthen capital adequacy and profitability and ensure well-prepared operational transitions before adopting channeling collaboration.