Studi Empiris Kekuatan Stabilitas Keuangan Perbankan Syariah di Indonesia

Elok Heniwati

Abstract


The study aims to examine the stability of Islamic banking in Indonesia after the global financial crisis. This study is significant, considering the rapidly growth of Islamic banking in Indonesia and uniqueness of its operating systems and products. By using secondary data from the annual reports of the banking sector listed on the Indonesia Stock Exchange (IDX) for the period from 2013 to 2016, regression analysis with the ZSCORE function (insolvency risk) as the dependent variable and a number of predictor variables (firm-specific, macroeconomic and governance) are used as tools for achieving research objectives. To check the robustness of the research findings, a model with different specifications has been used. The results indicate that profitability and firm size have a significant influence on the insolvency risk (ZSCORE) of banks and empirical factors that influence these risks differ between Islamic banks and conventional banks.

Full Text:

PDF

References


Ahmed, A. (2010). Global financial crisis: an Islamic finance perspective, International Journal of Islamic and Middle Eastern Finance and Management, 3(4), pp. 306–320. doi: 10.1108/17538391011093252.

Beck, T., Demirgüç-Kunt, A. and Merrouche, O. (2010). Islamic vs. Conventional Banking: Business Model, Efficiency and Stability, World Bank Policy Research Working Paper No. 5446.

Čihák, M. and Hesse, H. (2010). Islamic Banks and Financial Stability: An Empirical Analysis, Journal of Financial Services Research, 38, pp. 95–113. doi: 10.1007/s10693-010-0089-0.

Farooq, M. and Zaheer, S. (2015). Are Islamic Banks More Resilient during Financial Panics?, IMF Working Paper WP/15/41.

Ghassan, H. B. and Krichene, N. (2017). Financial Stability of Conventional and Islamic Banks: A Survey, Munich Personal RePEc Archive, (82372), pp. 1–31. Available at: https://mpra.ub.uni-muenchen.de/82372/.

Ghassan, H., Fachin, S. and Guendouz, A. (2013). Financial Stability of Islamic and Conventional Banks in Saudi Arabia: a Time Series Analysis.

Goaied, M. and Sassi, S. (2011) ‘Financial Development, Islamic Banking and Economic Growth: Evidence from MENA Region, International Journal of Business and Management Science, 4(2), pp. 105–128.

Husein, M. (2014). The Stability of Islamic banks in Indonesia, in 2nd IBEA-International Conference on Business, Economics, and Accounting. Hong Kong.

Ivičić, L., Kunovac, D., & Ljuba, I. (2008). Measuring Bank Insolvency Risk in CEE Countries, The Fourteenth Dubrovnik Economic Conference, pp. 1–22.

Kaufmann, D., Kraay, A. and Mastruzzi, M. (2007). The Worldwide Governance Indicators Project : Answering The Critics, (February). doi: 10.1596/1813-9450-4149.

Odeduntan, A. K., Adewale, A. A. and Hamisu, S. (2016). Financial Stability of Islamic Banks: Empirical Evidence, Journal of Islamic Banking and Finance, 4(1), pp. 39–46. doi: 10.15640/jibf.v4n1a5.

OJK (2017). Statistik Perbankan Syariah - Desember 2017. Available at: https://www.ojk.go.id/id/kanal/syariah/data-dan-statistik/statistik-perbankan-syariah/Documents/Pages/Statistik-Perbankan-Syariah---Desember-2017/SPS Desember 2017.pdf.

Rahim, S. R. M. and Zakaria, R. H. (2013). Comparison on Stability Between Islamic and Conventional Banks in Malaysia, Journal of Islamic Economics, Banking and Finance. Islami Bank Training and Research Academy, 9(3), pp. 131–149. Available at: https://books.google.co.id/books?id=lPg9ngAACAAJ.

Rajhi, W. and Hassairi, S. A. (2013). Islamic Banks and Financial Stability : a Comparative Empirical Analysis Between, Région et Développement, (37), pp. 150–176.

Rashid, A., Yousaf, S. and Khaleequzzaman, M. (2017). Does Islamic banking really strengthen financial stability? Empirical evidence from Pakistan, International Journal of Islamic and Middle Eastern Finance and Management, 10(2), pp. 130–148. doi: 10.1108/mf.2008.00934jaa.001.

Rokhim, R. and Gamaginta (2011). The Stability Comparison between Islamic Banks and Conventional Banks : Evidence in Indonesia, Paper Presented at the proceedings of the 8th international conference on Islamic economics and finance, 19–21 December, Doha, Qatar, pp. 1–29.

Shahid, M. A. (2012). Financial stability of Islamic banking in Pakistan: An empirical study, African Journal of Business Management, 6(10), pp. 3706–3714. doi: 10.5897/ajbm11.1306.

Sundararajan, V. and Errico, L. (2002). IFIS Products in the Global Financial System Key Issues in Risk Management.pdf. WP/02/192.

Uhde, A. and Heimeshoff, U. (2009). Consolidation in Banking and Financial Stability in Europe’, Journal of Banking and Finance, 33(7), pp. 1299–1311.




DOI: http://dx.doi.org/10.26418/jebik.v8i2.28015

Refbacks

  • There are currently no refbacks.


JOURNAL INDEXING

    More...

 

PUBLISHED BY

Faculty of Economics and Business
Universitas Tanjungpura





Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

 

View My Stats