Spin-off and Social Funds’ Productivity of Islamic Banking Industry in Indonesia

Pambuko, Zulfikar Bagus; Usman, Nurodin; Andriyani, Lilik

doi:10.2991/iconprocs-19.2019.2

Cited by 10 publications

(10 citation statements)

References 21 publications

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“…In our previous works, the social funds' productivity of Islamic banks in Indonesia increased after the spin-off decision despite it has not a significant effect on productivity. Therefore, independence in managing resources will boost the Islamic banks' performance (Pambuko et al, 2019). Subsequently, the social funds are more productive than financial funds and productivity change tends to trade-off.…”

Section: Literature Reviewmentioning

confidence: 99%

Antecedents of Social Funds’ Productivity of Islamic Banks in Indonesia

Andriyani

Usman

Pambuko

2020

HSSR

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Purpose: The study aims to analyse the social funds’ productivity of Islamic banks in Indonesia and the antecedents of it. The study will measure the social fund productivity followed by the investigation about the variable which can determine the Islamic bank productivity. Methodology: The study conducted at nine Islamic banks Indonesia. Two stages of the Malmquist productivity index were applied to annual data from 2012-2018. The variables which are tested its effect on social funds’ productivity return on asset, operational efficiency, inflation, OPEC oil price, and economic growth. Main Findings: social funds’ productivity of Islamic banks in Indonesia has experienced progress during the observation period. It is supported by the progress on technological change and efficiency change. The antecedents of social funds’ productivity return on asset and operational efficiency, while macroeconomics conditions have no significant effect on social funds’ productivity. Applications of this study: This study enriches the research on Islamic banks and gives the recommendation for policymakers to supervise better and for banks’ managers to improve the social funds’ productivity. Novelty/Originality of this study: This research is the preliminary study on the determinant of social funds’ productivity in Islamic banks.

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Section: Literature Reviewmentioning

confidence: 99%

Antecedents of Social Funds’ Productivity of Islamic Banks in Indonesia

Andriyani

Usman

Pambuko

2020

HSSR

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“…Peneliti secara pribadi telah beberapa kali melakukan kajian efisiensi pada perbankan syariah, diantaranya determinan efisiensi dengan pendekatan two-stages DEA (Pambuko, 2016) dan efisiensi pengelolaan dana sosial (Putra et al, 2018). Lebih lanjut, riset yang berkaitan dengan kebijakan spin-off juga pernah dilakukan, yaitu berkaitan dengan dampak kebijakan spin-off terhadap produktivitas pengelolaan dana sosial di perbankan syariah (Pambuko, Usman, & Andriyani, 2019). Namun demikian, banyak studi-studi lain yang berkaitan dengan kajian efisiensi di bank syariah.…”

Section: Tinjauan Pustakaunclassified

“…Spin-off harus dilakukan ketika aset unit syariah telah mencapai 50% dari bank induknya atau lima belas tahun setelah UU berlaku, yaitu tahun 2023 (RI, 2008). Setelah kebijakan tersebut, 10 Unit Usaha Syariah (UUS) melakukan spin-off meskipun syarat yang telah ditetapkan belum terpenuhi dengan berbagai skenario spin-off yang tersedia (Pambuko et al, 2019). Dengan demikian, jumlah Bank Umum Syariah (BUS) bertambah pesat dimana sebelum kebijakan hanya ada 3 BUS dan di akhir tahun 2018 menjadi 14 BUS.…”

Section: Uji Hipotesisunclassified

Kebijakan Spin-off dan Efisiensi Perbankan Syariah di Indonesia

Pambuko

2019

IJIEFB

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The study aims to analyse the spin-off policies’ impact on the Islamic banks’ efficiency in Indonesia. The study was conducted on five spin-off Islamic banks and efficiency were measured by the BOPO ratio. The research variables used were dummy spin-off, ROA, FDR, and economic growth. Data analysis used panel data regression on annual data from 2008 to 2018. The results suggest that, first, the implementation of spin-off policy significantly increased the operational efficiency of Islamic banking. Second, ROA also has a negative effect on efficiency. Third, FDR and economic growth have no significant effect on the Islamic banks’ efficiency in Indonesia.

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“…For Islamic banking, studies on productivity generally conclude that Islamic banks' productivity continues to increase (Afiatun & Wiryono, 2010;Arjomandi, Harvie, & Valadkhani, 2012;Rodoni, Salim, Amalia, & Rakhmadi, 2017). After spinning off, Islamic banks also increased their productivity (Norfitriani, 2016;Pambuko, Usman, & Andriyani, 2019). It also applies to the conditions after Islamic banks are merged (Kamarudin, Hue, Sufian, & Anwar, 2017).…”

Section: Literature Review/research Backgroundmentioning

confidence: 99%

“…The progress is supported by technological change's progress (TECHCH) by 9.0% (1.090) while the efficiency change (EFFCH) is regress by 0.7% (0.993). Therefore, the progress of social funds' productivity mainly because of a technological change rather than efficiency change (Djaghballou, Djaghballou, Larbani, & Mohamad, 2018;Pambuko et al, 2019;Pitaloka et al, 2018;Putra et al, 2018;Wahab & Rahman, 2012). This finding is identical with financial funds' analysis.…”

Section: The Outline Of the Islamic Banks Productivity Indexmentioning

confidence: 99%

Productivity of Islamic Banks in Indonesia: Social Funds versus Financial Funds

Usman¹,

Andriyani²,

Pambuko³

2019

JAFEB

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Under the Act No. 21 of 2008, Islamic banks in Indonesia as an intermediary institution are obligated to manage the resources simultaneously, the financial funds as well as the social funds, e.g. zakah, infaq, and sadaqah. This study aims to investigate the productivity change of social funds and financial funds of Islamic Banks in Indonesia. Non-parametric tests of Malmquist Productivity Index (MPI) is applied to annual data from period 2012 to 2017, encompassing post-reform of banking authority from Bank Indonesia to The Financial Services Authority (OJK) at 2012. The samples are nine Islamic banks in Indonesia which were able to provide the data during observation period. The results indicate that social funds are more productive than financial funds and productivity change tends to trade off. The productivity of social funds is progressed by 8.2% while the financial funds is regressed by 5.4%. Overall, the productivity change of Islamic banks is influenced by technological aspect rather than the efficiency aspect. Besides, BRI Syariah is the best performer in managing financial funds while BCA Syariah as the best performer in social funds. It implies that the policymakers may strengthen the supervisory and coaching to increase the Islamic banks' productivity in both activities.

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Spin-off and Social Funds’ Productivity of Islamic Banking Industry in Indonesia

Cited by 10 publications

References 21 publications

Antecedents of Social Funds’ Productivity of Islamic Banks in Indonesia

Antecedents of Social Funds’ Productivity of Islamic Banks in Indonesia

Kebijakan Spin-off dan Efisiensi Perbankan Syariah di Indonesia

Productivity of Islamic Banks in Indonesia: Social Funds versus Financial Funds

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