THE EFFECT OF NON PERFORMING FINANCING MUDHARABAH AND MUSYARAKAH AND OWNERSHIP OF BANKS ON THE PROFITABILITY OF SHARIA BANKS
DOI:
https://doi.org/10.25299/jtb.2018.vol1(2).2814Keywords:
Non Performing Financing, Pembiyaan Mudharabah, Pembiayaan Musharakah, ProfitabilitasAbstract
Penelitian ini bertujuan untuk menganalisa pengaruh dari Non-Performing Financing (NPF) pembiayaan Mudharabah dan pembiayaan Musyarakah dan kepemilikan bank terhadap profitabilitas pada bank umum syariah. Penelitian ini menggunakan populasi sebanyak 13 bank syariah, namun karena keterbatasan kelengkapan data, maka sampel yang digunakan hanya 7 bank syariah pada periode 2012-2016. Hasil penelitian menunjukkan bahwa Non Performing Financing (NPF) pembiayaan Mudharabah dan pembiayaan Musyarakah memiliki pengaruh signifikan negatif terhadap profitabilitas (ROA). Hasil penelitian ini menunjukkan bahwa ada kredit macet (NPL) yang dapat mengurangi profitabilitas bank syariah dalam pembiayaan Mudharabah dan pembiayaan Musyarakah meskipun jumlah pendanaannya sangat kecil dibandingkan dengan pembiayaan Murabahah. Sedangkan variabel kepemilikan bank tidak mempengaruhi profitabilitas bank syariah.
Downloads
Download data is not yet available.
References
Ahmad, A. 1987. Development and Problems of Islamic Banks, Islamic Research and Training Institute. Islamic Development Bank. Jeddah.
Ahmad. F. 2013. Ownership Structure and Non-Performing Loans: Evidence from Pakistan. Asian Journal of Finance & Accounting, 5(2), 268-288.
Allen, F., & Santomero, A. M. 1998. The Theory of Financial Intermediation. Journal of Banking and Finance, 21(11), 1461-1485.
Allen, Franklin, Carletti, E., & Marquez, R. 2011. Credit Market Competition and capital regulation. Review of Financial Studies, 24, 983-1018.
Ansari, A. and Rehman, A. 2011. Financial Performance of Islamic and Conventional Banks in Pakistan: A Comparative Study. 8th International Conference on Islamic Economics and Finance - Doha.1 (1), 1-19.
Arifin, Z. 2003. Efektifitas Mekanisme Bonding Dividen dan Hutang untuk Mengurangi Masalah Agensi Pada Perusahaan di Bursa Efek Jakarta. Jurnal Siasat Bisnis, 1(8), 19-31
Babatunde, O.A. and Olaitan, O. A. 2013. The Performance of Conventional and Islamic Banks in The United Kingdom: A Comparative Analysis. Journal of Research in Economics and International Finance, 2(2), 29-38.
Badar, M., & Yasmin, J. A. 2013. Impact of Macroeconomic Forces on Nonperforming Loans: an Empirical Study of Commercial Banks in Pakistan. WSEAS TRANSACTIONS on BUSINESS and ECONOMICS,1(10).40-48.
Beck, T., Demirgüç-Kunt, A. and Merrouche, O. 2010. Islamic vs. Conventional Banking: Business Model, Efficiency and Stability, Working Paper 5446 (WPS5446). The World Bank Development Research Group Finance and Private Sector Development Team.
Berger, A N., & Bonaccorsi. E. P. 2006. Capital Structure and Firm Performa Approach to Testing Agency Theory and an Application to The Banking Industry. Journal of Banking and Finance, 29, 1065-1102.
Berger, A. N., Clarke, G. R., Cull, R., Klapper, L., & Udell, G. F. 2005. Corporate Governance and Bank Performance: A Joint Analysis of The Static, Selection, and Dynamic Effects of Domestic, Foreign, and State Ownership. Journal of Banking and Finance, 29 (8-9), 2179-2221.
Boudriga, A, Boulila, T. N., & Jellouli Sana. 2009. Bank Specific, Business and Institutional, Environment Determinants of Nonperforming Loans: Evidence from MENA Countries. Journal of Financial Economic Policy, 1(4), 286-318
Cornett, M. M., Guo, L., Khaksari, S., & Tehranian, H. 2010. The Impact of State Ownership on Performance Differences in Privately-owned versus State-owned Banks: An International Comparison. Journal Financial Intermediation, 19, 74-94.
De Nicolo, G. 2001. Size, Charter Value and Risk in Banking: An International Perspective. Board of Governors of the Federal Reserve System. International Finance Discussion Paper, P. 689.
Fu, X., & Heffernan, S. 2008. The Effects of Reform on China’s Bank Structure and Performance. Journal of Banking and Finance, 33, 39-52.
Garciýa-Marco, T., & Robles-Fernàndez, M.D. 2007. Risk-taking Behavior and Ownership in The Banking Industry: The Spanish Evidence. Journal of Economics and Business, 60(4), 332-354.
Hadad. M. D., Agus, S., Wini, P., M., & Jony, H. 2005. Kajian Mengenai Struktur Kepemilikan Bank di Indonesia. Jakarta: Bank Indonesia. Retrieved http://www.bi.go.id.
Hu, J.L., Li, Y., & Chiu, Y.H. 2004. Ownership and Nonperforming Loans: Evidence from Taiwan’s Banks. The Developing Economies, 42(3), 405-420.
Iannotta, G., Nocera, G., & Sironi, A. 2007. Ownership Structure, Risk and Performance in the European Banking Industry. Journal of Banking and Finance, 31(7), 2127-2149.
Iqbal, M. 2001. Islamic and Conventional Banking in The Nineties: A Comparative Study. Islamic Economic Studies. 8(2): 1-28.
Iqbal, Z. and Mirakhor, A. 1999. Progress and Challenges of Islamic Banking. Thunderbird International Business Review. 41( 4-5). 56-68.
Jaffar, M. and Manarvi, I. 2011. Performance Comparison of Islamic and Conventional Banks in Pakistan”, Global Journal of Management and Business Research. 11(1). 59-66.
Jensen, M., & Meckling, W. H. 1976. Theory of The Firm: Managerial Behavior, Agency Cost and Ownership Structure. Journal of Financial Economics, 3, 305-360.
Kader, J.M., Asarpota, A.J. and Al-Maghaireh, A. 2007. Comparative Financial Performance of Islamic Banks vis-à-vis Conventional Banks in the UAE. Proceeding on Annual Student Research Symposium and the Chancellor’s Undergraduate Research Award. retrievedhttp://sra.uaeu.ac.ae/CURA /Proceedings (May 31, 2007).
Kargi, H.S. 2011. Credit Risk and the Performance of Nigerian Banks, Ahmadu Bello University, Zaria.
Kingu, P.S, Macha, S , and Gwahula, R. 2018. Impact of Non-Performing Loans on Bank’s Profitability: Empirical Evidence from Commercial Banks in Tanzania. International Journal of Scientific Research and Management (IJSRM). 06 (01), 71-79
Kithinji, A. 2010. Credit Risk Management and Profitability of Commercial Banks in Kenya, Business School, University of Nairobi.
Kolapo, T., Ayeni, R., and Oke, M. 2012. Credit Risk and Commercial Banks Performance in Nigeria: A Panel Model Approach. Australian Journal of Business and Management Research, 2 (0228).
La Porta , R., Lopez-de-Silanes, F., & Shleifer, A. R. 2002. Government Ownership of Banks. Journal Finance, 57, 265-302.
La porta, R., Loperz-de-silanes, F., & Shleifer, A. R. 1999. Corporate Ownership Around The World. Journal of finance, 54, 471-517.
Louzis, D.P., Vouldis, A.T., & Metaxas, V.L. 2010. Macroeconomic and Bank Specific Determinants of Non-performing Loans in Greece: a Comparative Study of Mortgage, Business and Consumer Loan Portfolios. Bank of Greece, Working Paper, no. 118.
Madishetti, S., & Rwechungura, K. A. 2013. Determinants of bank Profitability in a Developing Economy: Empirical Evidence from Tanzania. Asian Journal of Research in Banking and Finance, 3(11), 46.
Mannan, M. A. 1968. Islam and Trend in Modern Banking: Theory and Practice of Interest Free Banking. Islamic Review and Arab Affairs. 73-95.
Megginson, W. L., & Netter, J. M. 2001. From State to Market: A Survey of Empirical Studies on Privatization. Journal of Economic Literature, 39 (2), 321-389.
Megginson, W.L., Nash, R. C., & Randenborgh, M. 1994. The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis. Journal of Finance, 49, 403-452.
Merchant, I. P. 2012. Empirical Study of Islamic Banks Versus Conventional Banks of GCC. Global Journal of Management and Business Research, 12 (20), 33-41.
Micco, A. and Panizza, U. 2004, Bank Ownership and Lending Behavior. Inter-American Development Bank. Research Department, Working Paper no. 520.
Micco, A., Panizza, U., Yanez, M. 2007. Bank Ownership and Performance: Does Politics Matter?. Journal of Banking and Finance, 31, 219-241.
Moti, H., Masinde, J.S., Mugenda, N. G., & Sindani, M.N. 2012. Effectiveness of Credit Management System on Loan Performance: Empirical Evidence from Micro Finance Sector in Kenya. International Journal of Business, Humanities and Technology. 2(6). 99-107
Muhammad, N., Shahid, M., and Shahid, A,. 2012. Credit Risk and The Performance of Nigerian Banks. Interdiplinaly Journal of Contemporary Research in Business. 4(721).
Nichols, D., Wahlen, J., & Wieland, M. 2009. Publicly-traded versus Privately-held: Implications for Conditional Conservatism in Bank Accounting. Review of Accounting Studies. 14, 88-122.
Omran, M. 2007. Privatization, State Ownership and Bank Performance in Egypt. World Development, 35(4), 714-733.
Paskelian, G. O. 2006. Government Ownership, Firm Value and Choice of SEO Methods-Evidence from Privatized Chinese SOEs. Dissertation Doctor of Philosophy in Financial Economics, University of New Orleans.
Reaz, M. 2005. Linking Corporate Governance and Bank Performance: Evidence from Bangladesh. Bangladesh: North South University. Retrieved from https://docs.google.com/viewer?.
Rosly, S.A. and Bakar, M.A.A. 2003. Performance of Islamic and Mainstream Banks in Malaysia. International Journal of Social Economics. 30 (12), 1249-1265.
Saba, I,. Kouser R., & Azeem, M. 2012. Determinants of Nonperforming Loans: Case of US Banking Sector. International Journal of Banking and Finance. 44, 479- 88
Saeed, M. 1996. Islamic Banking and Interest. E.J. Brill. The Netherlands.
Samad, A. 1999. Comparative Efficiency of the Islamic Bank Malaysia vis-à-vis Conventional Banks. IIUM Journal of Economics and Management, 7 (1), 1-25.
Samad, A. 2004. Performance of Interest Free Islamic Banks vis-à-vis Interest-Based Conventional Banks of Bahrain. IIUM Journal of Economics and Managemen., 12 (2), 1-25.
Samad, A. and Hassan, M. K. 2000. The Performance of Malaysian Islamic Bank During 1984 -1997: An Explanatory Study. Thoughts on Economics. 10 (1&2), 7-26.
Samuel, H., Julius, D. and Samuel, K. 2012. Credit Risk and Profitability of Selected Banks in Ghana. Research Journal of Finance and Accounting, 3(7).
Shleifer, A. 1998. State Versus Private Ownership. Journal of Economic Perspectives. 12, 133-150.
Shleifer, A., & Vishny, R. W. 1997. A Survey of Corporate Governance. Journal of Finance. 52, 737-783.
Sullivan, R. J., & Spong, K. R. 2007. Manager Wealth Concentration, Ownership Structure and Risk in Commercial Banks. Journal of Financial Intermediation. 16, 229-248.
Tehulu, T.A., & Olana, D.R. 2014. Bank-Specific Determinants of Credit Risk: Empirical Evidence from Ethiopian Banks. Research Journal of Finance and Accounting. 5(7), 80-85
Wahidudin, A.Z., Subramanian, U. and Kamaluddin, P. 2012. Determinants of Profitability A Comparative Analysis of Islamic Banks and Conventional Banks in ASEAN countries. 2nd International Conference on Accounting, Business and Economic. MS Garden Hotel, Kuantan Pahang; Malaysia.
Widagdo, A. and Ika, S.R. 2007. The Interest Prohibition and Financial Performance of Islamic Banks: Indonesia Evidence. Paper presented in 19th Asian-pacific Conference on International Accounting Issues. Malaysia, Kuala Lumpur.
Xu, X. and Wang, Y. 1999. Ownership Structure and Corporate Performance in Chinese Stock Companies. Chinese Economic Review. 10, 75-96.
Zeitun, R. 2012. Determinants of Islamic and Conventional Banks Performance in GCC Countries Using Panel Data Analysis. Global Economy and Finance Journal. 5 (1), 53-72.
Ahmad. F. 2013. Ownership Structure and Non-Performing Loans: Evidence from Pakistan. Asian Journal of Finance & Accounting, 5(2), 268-288.
Allen, F., & Santomero, A. M. 1998. The Theory of Financial Intermediation. Journal of Banking and Finance, 21(11), 1461-1485.
Allen, Franklin, Carletti, E., & Marquez, R. 2011. Credit Market Competition and capital regulation. Review of Financial Studies, 24, 983-1018.
Ansari, A. and Rehman, A. 2011. Financial Performance of Islamic and Conventional Banks in Pakistan: A Comparative Study. 8th International Conference on Islamic Economics and Finance - Doha.1 (1), 1-19.
Arifin, Z. 2003. Efektifitas Mekanisme Bonding Dividen dan Hutang untuk Mengurangi Masalah Agensi Pada Perusahaan di Bursa Efek Jakarta. Jurnal Siasat Bisnis, 1(8), 19-31
Babatunde, O.A. and Olaitan, O. A. 2013. The Performance of Conventional and Islamic Banks in The United Kingdom: A Comparative Analysis. Journal of Research in Economics and International Finance, 2(2), 29-38.
Badar, M., & Yasmin, J. A. 2013. Impact of Macroeconomic Forces on Nonperforming Loans: an Empirical Study of Commercial Banks in Pakistan. WSEAS TRANSACTIONS on BUSINESS and ECONOMICS,1(10).40-48.
Beck, T., Demirgüç-Kunt, A. and Merrouche, O. 2010. Islamic vs. Conventional Banking: Business Model, Efficiency and Stability, Working Paper 5446 (WPS5446). The World Bank Development Research Group Finance and Private Sector Development Team.
Berger, A N., & Bonaccorsi. E. P. 2006. Capital Structure and Firm Performa Approach to Testing Agency Theory and an Application to The Banking Industry. Journal of Banking and Finance, 29, 1065-1102.
Berger, A. N., Clarke, G. R., Cull, R., Klapper, L., & Udell, G. F. 2005. Corporate Governance and Bank Performance: A Joint Analysis of The Static, Selection, and Dynamic Effects of Domestic, Foreign, and State Ownership. Journal of Banking and Finance, 29 (8-9), 2179-2221.
Boudriga, A, Boulila, T. N., & Jellouli Sana. 2009. Bank Specific, Business and Institutional, Environment Determinants of Nonperforming Loans: Evidence from MENA Countries. Journal of Financial Economic Policy, 1(4), 286-318
Cornett, M. M., Guo, L., Khaksari, S., & Tehranian, H. 2010. The Impact of State Ownership on Performance Differences in Privately-owned versus State-owned Banks: An International Comparison. Journal Financial Intermediation, 19, 74-94.
De Nicolo, G. 2001. Size, Charter Value and Risk in Banking: An International Perspective. Board of Governors of the Federal Reserve System. International Finance Discussion Paper, P. 689.
Fu, X., & Heffernan, S. 2008. The Effects of Reform on China’s Bank Structure and Performance. Journal of Banking and Finance, 33, 39-52.
Garciýa-Marco, T., & Robles-Fernàndez, M.D. 2007. Risk-taking Behavior and Ownership in The Banking Industry: The Spanish Evidence. Journal of Economics and Business, 60(4), 332-354.
Hadad. M. D., Agus, S., Wini, P., M., & Jony, H. 2005. Kajian Mengenai Struktur Kepemilikan Bank di Indonesia. Jakarta: Bank Indonesia. Retrieved http://www.bi.go.id.
Hu, J.L., Li, Y., & Chiu, Y.H. 2004. Ownership and Nonperforming Loans: Evidence from Taiwan’s Banks. The Developing Economies, 42(3), 405-420.
Iannotta, G., Nocera, G., & Sironi, A. 2007. Ownership Structure, Risk and Performance in the European Banking Industry. Journal of Banking and Finance, 31(7), 2127-2149.
Iqbal, M. 2001. Islamic and Conventional Banking in The Nineties: A Comparative Study. Islamic Economic Studies. 8(2): 1-28.
Iqbal, Z. and Mirakhor, A. 1999. Progress and Challenges of Islamic Banking. Thunderbird International Business Review. 41( 4-5). 56-68.
Jaffar, M. and Manarvi, I. 2011. Performance Comparison of Islamic and Conventional Banks in Pakistan”, Global Journal of Management and Business Research. 11(1). 59-66.
Jensen, M., & Meckling, W. H. 1976. Theory of The Firm: Managerial Behavior, Agency Cost and Ownership Structure. Journal of Financial Economics, 3, 305-360.
Kader, J.M., Asarpota, A.J. and Al-Maghaireh, A. 2007. Comparative Financial Performance of Islamic Banks vis-à-vis Conventional Banks in the UAE. Proceeding on Annual Student Research Symposium and the Chancellor’s Undergraduate Research Award. retrievedhttp://sra.uaeu.ac.ae/CURA /Proceedings (May 31, 2007).
Kargi, H.S. 2011. Credit Risk and the Performance of Nigerian Banks, Ahmadu Bello University, Zaria.
Kingu, P.S, Macha, S , and Gwahula, R. 2018. Impact of Non-Performing Loans on Bank’s Profitability: Empirical Evidence from Commercial Banks in Tanzania. International Journal of Scientific Research and Management (IJSRM). 06 (01), 71-79
Kithinji, A. 2010. Credit Risk Management and Profitability of Commercial Banks in Kenya, Business School, University of Nairobi.
Kolapo, T., Ayeni, R., and Oke, M. 2012. Credit Risk and Commercial Banks Performance in Nigeria: A Panel Model Approach. Australian Journal of Business and Management Research, 2 (0228).
La Porta , R., Lopez-de-Silanes, F., & Shleifer, A. R. 2002. Government Ownership of Banks. Journal Finance, 57, 265-302.
La porta, R., Loperz-de-silanes, F., & Shleifer, A. R. 1999. Corporate Ownership Around The World. Journal of finance, 54, 471-517.
Louzis, D.P., Vouldis, A.T., & Metaxas, V.L. 2010. Macroeconomic and Bank Specific Determinants of Non-performing Loans in Greece: a Comparative Study of Mortgage, Business and Consumer Loan Portfolios. Bank of Greece, Working Paper, no. 118.
Madishetti, S., & Rwechungura, K. A. 2013. Determinants of bank Profitability in a Developing Economy: Empirical Evidence from Tanzania. Asian Journal of Research in Banking and Finance, 3(11), 46.
Mannan, M. A. 1968. Islam and Trend in Modern Banking: Theory and Practice of Interest Free Banking. Islamic Review and Arab Affairs. 73-95.
Megginson, W. L., & Netter, J. M. 2001. From State to Market: A Survey of Empirical Studies on Privatization. Journal of Economic Literature, 39 (2), 321-389.
Megginson, W.L., Nash, R. C., & Randenborgh, M. 1994. The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis. Journal of Finance, 49, 403-452.
Merchant, I. P. 2012. Empirical Study of Islamic Banks Versus Conventional Banks of GCC. Global Journal of Management and Business Research, 12 (20), 33-41.
Micco, A. and Panizza, U. 2004, Bank Ownership and Lending Behavior. Inter-American Development Bank. Research Department, Working Paper no. 520.
Micco, A., Panizza, U., Yanez, M. 2007. Bank Ownership and Performance: Does Politics Matter?. Journal of Banking and Finance, 31, 219-241.
Moti, H., Masinde, J.S., Mugenda, N. G., & Sindani, M.N. 2012. Effectiveness of Credit Management System on Loan Performance: Empirical Evidence from Micro Finance Sector in Kenya. International Journal of Business, Humanities and Technology. 2(6). 99-107
Muhammad, N., Shahid, M., and Shahid, A,. 2012. Credit Risk and The Performance of Nigerian Banks. Interdiplinaly Journal of Contemporary Research in Business. 4(721).
Nichols, D., Wahlen, J., & Wieland, M. 2009. Publicly-traded versus Privately-held: Implications for Conditional Conservatism in Bank Accounting. Review of Accounting Studies. 14, 88-122.
Omran, M. 2007. Privatization, State Ownership and Bank Performance in Egypt. World Development, 35(4), 714-733.
Paskelian, G. O. 2006. Government Ownership, Firm Value and Choice of SEO Methods-Evidence from Privatized Chinese SOEs. Dissertation Doctor of Philosophy in Financial Economics, University of New Orleans.
Reaz, M. 2005. Linking Corporate Governance and Bank Performance: Evidence from Bangladesh. Bangladesh: North South University. Retrieved from https://docs.google.com/viewer?.
Rosly, S.A. and Bakar, M.A.A. 2003. Performance of Islamic and Mainstream Banks in Malaysia. International Journal of Social Economics. 30 (12), 1249-1265.
Saba, I,. Kouser R., & Azeem, M. 2012. Determinants of Nonperforming Loans: Case of US Banking Sector. International Journal of Banking and Finance. 44, 479- 88
Saeed, M. 1996. Islamic Banking and Interest. E.J. Brill. The Netherlands.
Samad, A. 1999. Comparative Efficiency of the Islamic Bank Malaysia vis-à-vis Conventional Banks. IIUM Journal of Economics and Management, 7 (1), 1-25.
Samad, A. 2004. Performance of Interest Free Islamic Banks vis-à-vis Interest-Based Conventional Banks of Bahrain. IIUM Journal of Economics and Managemen., 12 (2), 1-25.
Samad, A. and Hassan, M. K. 2000. The Performance of Malaysian Islamic Bank During 1984 -1997: An Explanatory Study. Thoughts on Economics. 10 (1&2), 7-26.
Samuel, H., Julius, D. and Samuel, K. 2012. Credit Risk and Profitability of Selected Banks in Ghana. Research Journal of Finance and Accounting, 3(7).
Shleifer, A. 1998. State Versus Private Ownership. Journal of Economic Perspectives. 12, 133-150.
Shleifer, A., & Vishny, R. W. 1997. A Survey of Corporate Governance. Journal of Finance. 52, 737-783.
Sullivan, R. J., & Spong, K. R. 2007. Manager Wealth Concentration, Ownership Structure and Risk in Commercial Banks. Journal of Financial Intermediation. 16, 229-248.
Tehulu, T.A., & Olana, D.R. 2014. Bank-Specific Determinants of Credit Risk: Empirical Evidence from Ethiopian Banks. Research Journal of Finance and Accounting. 5(7), 80-85
Wahidudin, A.Z., Subramanian, U. and Kamaluddin, P. 2012. Determinants of Profitability A Comparative Analysis of Islamic Banks and Conventional Banks in ASEAN countries. 2nd International Conference on Accounting, Business and Economic. MS Garden Hotel, Kuantan Pahang; Malaysia.
Widagdo, A. and Ika, S.R. 2007. The Interest Prohibition and Financial Performance of Islamic Banks: Indonesia Evidence. Paper presented in 19th Asian-pacific Conference on International Accounting Issues. Malaysia, Kuala Lumpur.
Xu, X. and Wang, Y. 1999. Ownership Structure and Corporate Performance in Chinese Stock Companies. Chinese Economic Review. 10, 75-96.
Zeitun, R. 2012. Determinants of Islamic and Conventional Banks Performance in GCC Countries Using Panel Data Analysis. Global Economy and Finance Journal. 5 (1), 53-72.
Additional Files
Published
2018-11-30
Issue
Section
Articles
Asosiasi Program Studi Keuangan dan Perbankan Syariah
The Jurnal Tabarru' site and its metadata are licensed under CC BY-SA