The mediating role of intellectual capital in corporate governance and financial efficiency of Islamic banks

IF 5.5 Q1 BUSINESS

Corporate Governance-The International Journal of Business in Society Pub Date : 2023-06-13 DOI:10.1108/cg-06-2022-0276

E. Aslam, Aziz Ur Rehman, Anam Iqbal

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引用次数: 0

Abstract

Purpose The purpose of this study is to investigate the mediating role of intellectual capital (IC) on the association between corporate governance mechanism (CGM) and the financial efficiency of Islamic banks (Z-score, net investment income and loan to deposit) and verify it through standard mediation in the panel based on interaction. Design/methodology/approach The data of this study draws from 125 full-fledged Islamic banks and windows from 26 Organization of Islamic Cooperation (OIC) over the period of 2009 to 2019. A two-step system generalize method of moment estimation is used to test the hypotheses. Findings The results underwrite that the inclusion of IC as a mediating variable has influenced positively the corporate governance and financial efficiency of IBs. Besides, only CEO power and Shariah supervisory board positively affect the financial efficiency of IBs. While structural capital and relational capital positively affect the financial efficiency of IBs. Apart from that, results show that the CGM has a significant relationship with the IC value of IBs. Research limitations/implications These findings are valuable for policymakers and regulators to set policies to improve CG structure and effective use of IC resources to improve banking efficiency. Additionally, findings might be helpful for the bankers to proficiently use the IC as a premise to plan new strategies to get an upper hand in financial performance. Originality/value This study extends and contributes to the current literature by analysing the role of IC along with CG to boost the financial efficiency of banks in OIC countries.

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智力资本在伊斯兰银行公司治理和金融效率中的中介作用

目的本研究旨在探讨智力资本(IC)在公司治理机制(CGM)与伊斯兰银行金融效率(z得分、净投资收益和存贷比)之间的关联中的中介作用，并通过基于互动的面板标准中介进行验证。本研究的数据来自2009年至2019年期间125家成熟的伊斯兰银行和26个伊斯兰合作组织(OIC)的窗口。采用两步系统广义矩估计方法对假设进行检验。结果表明，企业内部投资作为中介变量对中小企业的公司治理和财务效率产生了积极的影响。此外，只有CEO权力和伊斯兰教法监事会对ib财务效率有正向影响。结构资本和关系资本正向影响中小企业的财务效率。除此之外，结果表明CGM与ib的IC值有显著的关系。研究的局限性/启示这些发现对政策制定者和监管机构制定政策以改善CG结构和有效利用IC资源以提高银行效率具有重要价值。此外，研究结果可能有助于银行家熟练地使用IC作为计划新战略的前提，以在财务绩效中占据上风。原创性/价值本研究通过分析IC和CG在提高OIC国家银行金融效率方面的作用，扩展并贡献了现有文献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Corporate Governance-The International Journal of Business in Society BUSINESS-

CiteScore

11.20

自引率

33.90%

发文量

期刊介绍： Providing a consistent source of in-depth information, analysis and advice considering corporate governance on an international scale, Corporate Governance: The International Journal of Business in Society focuses on knowledge development, practice and performance standards for scholars and Boards of Directors/ Governors of companies throughout the world. The journal publishes a diverse range of substantive theoretical and methodological debates as well as practical developments in the field of corporate governance worldwide. The journal particularly encourages attention to the impact of changes of business/corporate governance forms and practices on people, and the sustainability of different governance models. Articles that highlight models and structures that advance the interests, dignity and well being of all stakeholders, in a sustainable manner, are particularly welcome. The journal covers a broad spectrum of governance-related themes including: -Effective boardroom performance -Control and regulation -Executive leadership -The role and contribution of external (non-executive) directors -The growing importance of governance in the wake of ever-greater corporate scandals -Redefinitions and reassessments of corporate governance models -The role of business in society -The changing nature of the relationship and responsibilities of the firm towards various stakeholders -The incentives required to encourage more socially- and environmentally-responsible corporate action -The role and impact of local and international regulatory agencies and regimes on corporate behaviour.