The Role Of Intellectual Capital In Modernizing The Influence Of Good Corporate Governance And Sharia Compliance Of Sharia Banks

Iva Nur Azizah*  -  Universitas Islam Negeri Sunan Kalijaga Yogyakarta, Indonesia
Yayu Putri Senjani  -  Universitas Islam Negeri Sunan Kalijaga Yogyakarta, Indonesia

(*) Corresponding Author
DOI: 10.21580/al-arbah.2019.1.1.4156

Purpose - Improved financial performance of Islamic banks can be done by improving the system of corporate governance and sharia compliance. In addition to a good corporate governance system and sharia compliance, other factors such as intellectual capital in sharia banks can also improve financial performance. The purpose of this study was to determine the role of intellectual capital in moderating the effect of good corporate governance and sharia compliance on financial performance of sharia banks in 2013-2017.

Method - Sampling technique used is purposive sampling. The analytical technique used is panel data regression test with software Eviews 9.

Result - It is found that good corporate governance and Islamic Income Ratio have an effect on the financial performance of sharia banks which is poxied by return on assets. Besides that, intellectual capital modernizesgood corporate governance and Islamic Income Ratio on the financial performance of sharia banks, but it does not modernize sharia compliance which is proxied with Profit Sharing Ratio (PSR) and Zakat Performing Ratio (ZPR).

Implication - This study uses the data from 14 islamic commercial banks in Indonesia.

Originality - The papers look into the role of intellectual capital variables in the relationship of good corporate governance and sharia compliance to the financial performance.

Keywords: Good Corporate Governance; Sharia Compliance; Intellectual Capital; Return on Assets.

  1. Aisjah, Sitti, et al. (2017). The Impact of Islamic Corporate Governance, Islamic Intellectual Capital, and Islamic Financial Performance on Sustainable Business Islamic Banks. International Journal of Economics and Financial Issues. 7, 316-323.
  2. Ajija, Shochrul Rohmatul. (2011). Smart way to master Eviews. Jakarta: Salemba Empat.
  3. Akguc, Serkandan Al Rahahleh, Naseem. (2018). “Effect of Sharia Compliance on Operating Performance: Evidence from GCC Countrie”. Routledge Taylor & Farancis Group.
  4. Ar-Rifa’i, Muhammad Nasib. (2012). Ringkasan Tafsir Ibnu Katsir, Jilid 3. Jakarta: Gema Insani.
  5. Chapra, M Umerdan Ahmed, Habib. (2002). Corporate Governance Lembaga Keuangan Syariah. Jakarta: Bumi Aksara.
  6. Effendi, Muh Arief. (2016). The Power of Good Corporate Governance Teori dan Implementasi. Jakarta: Salemba Empat.
  7. Haider, Najib, Khan, Nabila dan Iqbal, Nadeem. (2015). Impact of corporate governance on firm financial performance in Islamic financial institution. International Letters of Social and Humanistic Sciences. 51.
  8. Ilhami, Haniah. (2009). Pertanggungjawaban Dewan Pengurus Syariah Sebagai Otoritas Pengawas Kepatuhan Syariah bagi Bank Syariah. Mimbar Hukum. 21, 409-628.
  9. Indriantoro, Nurdan Supomo, Bambang. (2014). Metodologi Penelitian Bisnis untuk Akuntansi dan Manajemen. Yogyakarta: BPFE-Yogyakarta.
  10. Ismail, Ku Noor Izah Ku dan Al-Musali, Mahfoudh Abdul Karem. (2011). Intellectual Capital and Financial Performance of Banks in Bahrain. Journal of Business Management and Accounting. 1, 63-77.
  11. Khan, Sajjad Nawazndan Ali, Engku Ismail.(2017). The Moderating Role of Intellectual Capital Between Enterprise Risk Management and Firm Performance: A conceptual Review. American Journal of Science and Humanities. 2 (1), 9-15.
  12. Khotimah, Khusnul. (2017). Pandangan Berbasis Sumber Daya dalam Pembahsan Organisasi Ekonomi. Jurnal Manajemen dan Akuntansi. 5, 31-41.
  13. Kurfi, Shafi’u Abubakar, Udin, Noraza Mat, dan Bahamman, Saleh Muhammad. (2017). The Impact of Intellectual Capital on The Financial Performance of Listed Nigerian Food Product Companies. Journal of Accounting and Taxtation. 9, 147-160.
  14. Laporan Perkembangan Keuangan Syariah Indonesia (LPKSI). (2017).
  15. M, Sitti Zakiah. (2017). Peran Kepatuhan syariah dalam memediasi Good Corporate Governance (GCG) terhadap Kinerja Keuangan pada Bank Umum Syariah. Research Gate.
  16. Machmud, Amir dan Rukmana. (2010). Bank Syariah: Teori, Kebijakan, dan Studi Empiris di Indonesia. Jakarta: Erlangga.
  17. Nasution, Ananda Anugrah, Lubis, Ade Fatma, dan Fachrudin, Khaira Amalia. (2018). Sharia Compliance and Islamic Social Reporting on Financial Performance of Indonesian Sharia Banks. Atlantis Press. 292, 640-644.
  18. Ni Wayan Rina Winahyudan Ni Putu Sri Harta Mimba. Intellectual Capital sebagai Pemoderasi Pengaruh Debt to Equity Ratio dan Ukuran Perusahaan pada Profitabilitas perusahaan Property dan Real Estate. E-Jurnal Akuntansi Universitas Udayana. 23, 734-760.
  19. Noordin, Nazrul Hazizi dan Kassim, Salina. (2015). Corporate Governance and Financial Performance: Empirical Evidence from Public Listed Contruction Companies in Malaysia. Research Gate.
  20. Nurhisam, Luqman. (2017). Kepatuhan Syariah (Syariah Compliance) dalam Industri Keuangan Syariah. Jurnal Hukum IUS. 23, 77-96.
  21. Ozkan, Nasif, Cakan, Sinan, dan Kayacan, Murad. (2016). Intellectual Capital and Financial Performance: A study of Turkish Banking sector. Borsa Istanbul. 17, 190-198.
  22. Pepis, Scott dan Jong, Pieter de. (2018). Effects of Shariah-Complianct bussines practices on long-term financial performance. Jurnal Elsevier. 53, 254-267.
  23. Rahma, Yusro. (2018). The Effect of Intellectual Capital and Islamic Performance Index on Financial Performance. Jurnal Ilmu Akuntansi. 11, 105-116.
  24. Shahul, Hameedibn Mohamed Ibrahim, et al. (2004). Alternative Discolsure& Performance Measures for Islamic Bank. Journal of Financial and Accounting. 4, 1-23.
  25. Shahul, Hameed Mohamed Ibrahim, A.H Fatima, Sheila Nu Nu Htay. (2004). Corporate Governance and Performance: A Comparative Study of Shari’ah Approved and Approved Companies on Bursa Malaysia. Journal of Financial and Accounting. 4, 1-23.
  26. Siswanti, Indra, dkk.. (2017). The Impact of Islamic Corporate Governance, Islamic Intellectual Capital and Islamic Financial Performance on Sustainable Business Islamic Bank. International Journal of Economics anda Financial Issues. 7, 316-323.
  27. Ulum, Ihyatul. (2009). Intellectual Capital Konsep dan Kajian Empiris. Yogyakarta: Graha Ilmu.
  28. Umam, Khaerul. (2013). Manajemen Perbankan Syariah. Bandung: Pustaka Setia.
  29. Wafik, Grais dan Matteo Pellegini. (2006). Corporate Governance Institution Offering Islamic Financial Services. Research Gate.
  30. Widarjono, Agus. (2007). Ekonometrika: Teori dan Aplikasi untuk Ekonomi dan Bisnis, Edisi Kedua. Yogyakarta: Ekonisia FE Universitas Islam Indonesia.
  31. Winarno, Wing Wahyu. (2011). Analisis Ekonometrika dan Statistika dengan Eviews, Edisi 3. Yogyakarta: UPP STIM YKPN.

Open Access Copyright (c) 2019 Iva Nur Azizah, Yayu Putri Senjani
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Al-Arbah: Journal of Islamic Finance and Banking
Published by Department of Sharia Banking, Faculty of Islamic Economics and Business, UIN Walisongo Semarang, Indonesia
Jl Prof. Dr. Hamka Kampus III Ngaliyan Semarang 50185
Phone: +62 852-3660-5533
Website: https://febi.walisongo.ac.id/
Email: alarbah@walisongo.ac.id

ISSN: 2716-3946 (Print)
ISSN: 2716-2575 (Online)

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License

 
apps