Jurnal Keuangan dan Perbankan最新文献_第10页

Intellectual capital performance of Sharia banks: Evidence from Indonesia 伊斯兰银行的智力资本表现:来自印度尼西亚的证据

Jurnal Keuangan dan Perbankan Pub Date : 2019-10-30 DOI: 10.26905/jkdp.v23i4.3563

Yulia Tri Anggani, A. Widagdo

{"title":"Intellectual capital performance of Sharia banks: Evidence from Indonesia","authors":"Yulia Tri Anggani, A. Widagdo","doi":"10.26905/jkdp.v23i4.3563","DOIUrl":"https://doi.org/10.26905/jkdp.v23i4.3563","url":null,"abstract":"Towards a sustainable Islamic banking industry must be attended by the sharia governance of capital allocation. In addition, Islamic banking requires a higher level of intellectual ability, especially intellectual capital in humans to support product innovation. The aims of this paper is to examine effect of corporate governance, family ownership structure, foreign ownership structure, and digital banking on Intellectual Capital (IC) Performance in Indonesian Islamic banks. Testing and analysis uses Least Square Panel data regression with panel data and a total of 93 observations in period 1999-2016. In this research, IC performance used Islamic Banking Value Added Intellectual Coefficient (IBVAIC). We present empirical evidence that corporate governance had significant implications for improving IC performance. In addition, digital banking negatively influences IC performance. In contrast, family ownership, foreign ownership, liquidity and age did not affect IC performance. This study to contribute literature to the IC performance in sharia banking in the form of a Sharia Business Entity. JEL Classification: G31, G32, G34 DOI: https://doi.org/10.26905/jkdp.v23i4.3563","PeriodicalId":31727,"journal":{"name":"Jurnal Keuangan dan Perbankan","volume":"103 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85841608","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

Capital and lending growth of banking sector in Indonesia: Study on the BUKU category 印度尼西亚银行业的资本和贷款增长:BUKU类别的研究

Jurnal Keuangan dan Perbankan Pub Date : 2019-10-30 DOI: 10.26905/jkdp.v23i4.3401

Ahmad Aziz Putra Pratama

{"title":"Capital and lending growth of banking sector in Indonesia: Study on the BUKU category","authors":"Ahmad Aziz Putra Pratama","doi":"10.26905/jkdp.v23i4.3401","DOIUrl":"https://doi.org/10.26905/jkdp.v23i4.3401","url":null,"abstract":"Mostly, loans are an essential source of income for banks, and capital is used to absorb shocks during default risk. This study examines the effect of bank capital on lending growth in each Commercial Bank based on Business Activities (BUKU) category listed on the Indonesia Stock Exchange (IDX). This research used the fixed effect model. Data obtained from the company's financial report published in the 2010-2016 period. There is an inconsistency effect of bank capital on lending growth in each category. The results showed that bank capital has a significant positive effect on lending growth at all bank samples, BUKU 1, and BUKU 2. Furthermore, bank capital has a significant negative effect on lending growth at BUKU 3 and BUKU 4. Analysis results showed that behavioral lending differs based on their owned core capital. This study implied that BUKU 1 and BUKU 2 tend to implement aggressive strategies to deal with market competition, while BUKU 3 and BUKU 4 prefer to perform the defensive strategy on lending because they have various sources of income that not only depend on the loan. Finally, these findings are in line with policies that have been made by Financial Services Authority (FSA) regarding the categorization of the bank’s size based on owned core capital. JEL Classification: G20, G21, G40 DOI : https://doi.org/10.26905/jkdp.v23i4.3401","PeriodicalId":31727,"journal":{"name":"Jurnal Keuangan dan Perbankan","volume":"132 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79653258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

The determinants of cash holdings and characteristics of the industrial business cycle in Indonesia 现金持有量的决定因素和印尼工业商业周期的特征

Jurnal Keuangan dan Perbankan Pub Date : 2019-10-30 DOI: 10.26905/jkdp.v23i4.3326

Linda Purnama Sari, Sri Kurniawati, D. Wulandari

{"title":"The determinants of cash holdings and characteristics of the industrial business cycle in Indonesia","authors":"Linda Purnama Sari, Sri Kurniawati, D. Wulandari","doi":"10.26905/jkdp.v23i4.3326","DOIUrl":"https://doi.org/10.26905/jkdp.v23i4.3326","url":null,"abstract":"One of the motives of a business doing cash holdings is the precautionary motive. The company tries to accumulate cash as a precautionary measure to cover unanticipated future necessities. We investigate to determine the factors that can affect company cash holdings that are associated with the characteristics of the industrial business cycle in Indonesia. The sample used is companies that meet the criteria (purposive sampling) and are grouped into different industrial characteristics, such as sensitive industry, defensive industry, growth industry, and cyclical industry. This enables to understand the behavior of cash holdings in a different industry. The analysis technique used is the data panel regression analysis. We find that each type of industry has different characteristics in maintaining its cash balance. For defensive industry and growth industry hold more cash than other industry, because they have strong growth opportunities. In addition, we find that inflation, managerial ownership, leverage, dividend policy, investment opportunities, and firm size have an effect on cash holdings while the operating cycle has no effect on cash holdings. JEL Classification: G32, G35, G38 DOI: https://doi.org/10.26905/jkdp.v23i4.3326","PeriodicalId":31727,"journal":{"name":"Jurnal Keuangan dan Perbankan","volume":"64 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84578839","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Market concentration, diversification, and financial distress in the Indonesian banking system 印尼银行体系的市场集中度、多元化和财务困境

Jurnal Keuangan dan Perbankan Pub Date : 2019-10-30 DOI: 10.26905/jkdp.v23i4.2693

F. T. Kristanti, Deannes Isynuwardhana, S. Rahayu

{"title":"Market concentration, diversification, and financial distress in the Indonesian banking system","authors":"F. T. Kristanti, Deannes Isynuwardhana, S. Rahayu","doi":"10.26905/jkdp.v23i4.2693","DOIUrl":"https://doi.org/10.26905/jkdp.v23i4.2693","url":null,"abstract":"The economic theory provides conflicting predictions about the relationship between the market structure of the banking industry and financial distress. The view of \"concentration-fragility\" argues that a banking structure that is more concentrated with a number of large banks is more vulnerable to financial fragility than a banking sector that is less concentrated with many banks. We examine how the concentration market, market share, and diversification affect the bank's financial distress. Using the purposive sampling method and data of listed banks in the 2014-2017 period, the results of statistical tests with logistic regression showed that market concentration has a positive effect on the bank’s financial distress. The more concentrated the market, the greater the probability of the occurrence of financial distress in Indonesian banks. We also prove the validity of the SCP (The Structure-Conduct-Performance) hypothesis and efficiency hypothesis. Therefore, regulations need to be made in order to reduce this highly concentrated market so that the probability of financial distress decreases. JEL Classification : D4, G2 DOI: https://doi.org/10.26905/jkdp.v23i4.2693","PeriodicalId":31727,"journal":{"name":"Jurnal Keuangan dan Perbankan","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82166566","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Investment opportunity set, dividend policy, company’s performance, and firm’s value: Some Indonesian firms evidence 投资机会集、股利政策、公司绩效与公司价值:一些印尼公司的证据

Jurnal Keuangan dan Perbankan Pub Date : 2019-10-30 DOI: 10.26905/jkdp.v23i4.2753

A. Resti, B. Purwanto, W. Ermawati

{"title":"Investment opportunity set, dividend policy, company’s performance, and firm’s value: Some Indonesian firms evidence","authors":"A. Resti, B. Purwanto, W. Ermawati","doi":"10.26905/jkdp.v23i4.2753","DOIUrl":"https://doi.org/10.26905/jkdp.v23i4.2753","url":null,"abstract":"The availability of investment opportunity set at state-owned companies and the dividend policy taken by state-owned company management should be signals in the company's efforts to improve performance. Therefore, both the Investment Opportunity Set (IOS) and dividend policy can be factors driving corporate performance. Thus, state owned-companies can further enhance firm value. We examined the effect of the IOS and dividend policy on company performance and firm value. The sample used in this study was the state-owned company listed at the Indonesia Stock Exchange and observed for 5 years, from 2013 to 2017. Data were collected using a purposive sampling method. This study had 13 sample companies that were processed using the panel data regression method. We found the first result revealed that dividend policy had a positive effect on company performance, which had a positive effect on firm value. Besides, the IOS was observed to have a positive impact on firm value. The second result showed that the IOS did not affect the company's performance, and dividend policy did not influence the firm's value. Thus, those results proved that the company's performance could provide a signal to the firm's value. JEL Classification: G31, G32 DOI: https://doi.org/10.26905/jkdp.v23i4.2753","PeriodicalId":31727,"journal":{"name":"Jurnal Keuangan dan Perbankan","volume":"49 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77556324","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 10

Financial crisis and cointegration of systemic risk in Southeast Asian banking 金融危机与东南亚银行业系统性风险的协整

Jurnal Keuangan dan Perbankan Pub Date : 2019-10-30 DOI: 10.26905/jkdp.v23i4.3669

Herman Saheruddin, Wahyoe Soedarmono

{"title":"Financial crisis and cointegration of systemic risk in Southeast Asian banking","authors":"Herman Saheruddin, Wahyoe Soedarmono","doi":"10.26905/jkdp.v23i4.3669","DOIUrl":"https://doi.org/10.26905/jkdp.v23i4.3669","url":null,"abstract":"This paper aims to investigate the banking sector integration through a cointegration analysis of bank systemic risk in ASEAN-5 from 1998 to 2013 by taking financial crises into consideration. Our empirical findings highlight that there is one cointegrating vector in general, suggesting that the ASEAN-5 banking sectors are not completely segmented in terms of systemic risk. A closer investigation, however, reveals that the banking sectors were completely segmented during the 1997/1998 Asian financial crisis (AFC) and partially segmented during the 2008 global financial crisis (GFC). The latter might indicate an improvement in banking sector integration in several countries of ASEAN-5 during the GFC compared to during the AFC. Hence, this paper highlights that the agenda of banking sector integration in ASEAN-5 should consider the influence of financial crises to ensure the effectiveness of cross-border crisis management protocol when the ASEAN-5 banking sector tends to be segmented in times of crisis. In general, portfolio diversification in ASEAN-5 also remains beneficial for global investors in banking. JEL Classification : F36, G21, G28 DOI: https://doi.org/10.26905/jkdp.v23i4.3669","PeriodicalId":31727,"journal":{"name":"Jurnal Keuangan dan Perbankan","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87504657","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Women on boards and earnings management: What really matters? 董事会女性成员与盈余管理:真正重要的是什么?

Jurnal Keuangan dan Perbankan Pub Date : 2019-10-30 DOI: 10.26905/jkdp.v23i4.3439

Ganis Sepsika Hala

{"title":"Women on boards and earnings management: What really matters?","authors":"Ganis Sepsika Hala","doi":"10.26905/jkdp.v23i4.3439","DOIUrl":"https://doi.org/10.26905/jkdp.v23i4.3439","url":null,"abstract":"The diversity of gender and income conservatism has been intriguing topics over the last decade. The effect of women who are more likely to be financially conservative than men will bring impact on the practices of conservative accounting, particularly when determining revenues for corporate governance. Therefore, we investigate the effects of women leaders in corporate business and their impacts on earnings management. The population of the study includes companies indexed in the Indonesia Stock Exchange, except for banking corporates. By using purposive sampling, 341 companies were selected for observation within six years. Total population sampling is 2046 data (firm-years). Hypothesis testing employed the multiple regression model on panel data with the Ordinary Least Square (OLS) approach. The estimation result of the Jones Model indicates women in top supervisory have no significant effect on earnings management while women in top management have a negative significant effect on earnings management. In addition, the hypothesis testing with the Kothari model demonstrates a negative significant effect of both women in top supervisory and women in top management toward earnings management. Therefore, we justify that women in top supervisory and women in top management bring prominent contributions to corporate business mainly in the financial sector, particularly in the improvement of financial reports by reducing the likelihood of earnings management practices. JEL Classification : D22, J16, G34 DOI: https://doi.org/10.26905/jkdp.v23i4.3439","PeriodicalId":31727,"journal":{"name":"Jurnal Keuangan dan Perbankan","volume":"40 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78737994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 6

Board of directors and credit risk: An empirical study of Indonesian Islamic banks 董事会与信用风险:印尼伊斯兰银行的实证研究

Jurnal Keuangan dan Perbankan Pub Date : 2019-10-30 DOI: 10.26905/jkdp.v23i4.3484

P. Nugraheni, Rifqi Muhammad

{"title":"Board of directors and credit risk: An empirical study of Indonesian Islamic banks","authors":"P. Nugraheni, Rifqi Muhammad","doi":"10.26905/jkdp.v23i4.3484","DOIUrl":"https://doi.org/10.26905/jkdp.v23i4.3484","url":null,"abstract":"Credit risk is the primary risk in the banking industry related to its function in distributing credit to customers. Decreasing credit risk is the main duty of the management of banks. We examine the relationship between the Board of Directors (BOD) characteristics and credit risk in the Indonesian Islamic bank. BOD characteristics consist of BOD size, educational qualification, number of meetings, and expertise. The samples in this study are full-fledged Islamic banks in Indonesia that publish annual reports for the year 2013-2017. The data are processed using panel data regression. We indicate that the number of BOD meetings has a negative influence on credit risk, BOD size has a positive influence on credit risk while educational qualification and expertise do not influence credit risk of Islamic banks in Indonesia. Understanding BOD characteristics and credit risk are useful to mitigate the implementation of corporate governance for Islamic banks in the two-tier board system. The findings are expected to have a contribution to strengthening the BOD’s role to encourage the better performance of Islamic banks. JEL Classification: G21, G32 DOI: https://doi.org/10.26905/jkdp.v23i4.3484","PeriodicalId":31727,"journal":{"name":"Jurnal Keuangan dan Perbankan","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83684198","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 8

Determinants of capital adequacy ratio on banking industry: Evidence in Indonesia Stock Exchange 银行业资本充足率的决定因素:以印尼证券交易所为例

Jurnal Keuangan dan Perbankan Pub Date : 2019-07-30 DOI: 10.26905/jkdp.v23i3.2981

Bahtiar Usman, H. S. Lestari, Tiara Puspa

{"title":"Determinants of capital adequacy ratio on banking industry: Evidence in Indonesia Stock Exchange","authors":"Bahtiar Usman, H. S. Lestari, Tiara Puspa","doi":"10.26905/jkdp.v23i3.2981","DOIUrl":"https://doi.org/10.26905/jkdp.v23i3.2981","url":null,"abstract":"Capital adequacy ratio (CAR) is an important indicator of bank safety sustainability. Banks that can guarantee CAR means the bank has the power to resist the financial crisis, protecting the bank itself and funds from depositors. This study aimed to determine the factors that affect the CAR. The sample used in this study is the banking industry listed on the Indonesia Stock Exchange (IDX) from 2007 until 2018. Independent variables are bank size, leverage, loan loss reserves, net interest margin, loan assets ratio, and liquidity. The dependent variable is CAR. The number of samples is 27 conventional banks by using purposive sampling. By using panel data regression analysis by estimating ordinary General Least Squares (GLS) method. The results of this study indicate that bank size, leverage, loan loss reserve, net interest margin, and loan asset ratio has an effect on CAR significantly while liquidity has no effect on CAR. The results of this study are expected to be used as a reference for bank managers and investors in looking at the factors that affect the CAR in the banking industry. JEL Classification : C33, G21, G30 DOI: https://doi.org/10.26905/jkdp.v23i3.2981","PeriodicalId":31727,"journal":{"name":"Jurnal Keuangan dan Perbankan","volume":"43 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81389529","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

Strategic Management Accounting disclosure, ownership structure, and firm characteristics in Indonesia manufacturing companies 印尼制造业企业的战略管理会计披露、股权结构与企业特征

Jurnal Keuangan dan Perbankan Pub Date : 2019-07-30 DOI: 10.26905/jkdp.v23i3.3228

Setianingtyas Honggowati, R. Rahmawati, Y. Aryani, A. Probohudono

{"title":"Strategic Management Accounting disclosure, ownership structure, and firm characteristics in Indonesia manufacturing companies","authors":"Setianingtyas Honggowati, R. Rahmawati, Y. Aryani, A. Probohudono","doi":"10.26905/jkdp.v23i3.3228","DOIUrl":"https://doi.org/10.26905/jkdp.v23i3.3228","url":null,"abstract":"Why managers should choose to disclose their information with investors is one of the major issues in accounting research. Because of information asymmetry and the agency problem, disclosure is an important aspect of the modern capital market. This study aims to measure the extent of Strategic Management Accounting (SMA) disclosure and the impact of ownership structure (managerial ownership, foreign ownership, government ownership) and firm characteristics (firm size, leverage, profitability) on SMA practices in annual reports of Indonesia manufacturing companies. The annual reports of 545 listed companies for 2012–2016 were examined to measure the extent of SMA disclosure and investigate potential determinant factors of SMA disclosure. This study used 42 items of weighted disclosure index, based on international guideline and SMA literature. This study used multiple regression analysis to examine the association between ownership structure, firm characteristics, and SMA disclosure. The results indicate a low extent of SMA disclosure in annual reports of Indonesia manufacturing companies. The average of SMA disclosure rate is only 39.4 percent, which indicates that SMA has not been commonly disclosed in annual reports. Further results indicate that only leverage that has an insignificant effect on the extent of SMA disclosure. The finding regarding SMA disclosure in annual reports should be on concern to regulatory authorities and standard-setters in Indonesia. JEL Classification: G30, G32, G34 DOI: https://doi.org/10.26905/jkdp.v23i3.3228","PeriodicalId":31727,"journal":{"name":"Jurnal Keuangan dan Perbankan","volume":"23 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90789526","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5