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Islamic bank performance: Does low-cost fund and labor cost affect it? (Empirical cases in Bank Syariah Mandiri-Indonesia)

Year 2021, Volume: 4 Issue: 2, 81 - 92, 26.12.2021

Abstract

During the Covid-19 Pandemic, all sectors, including banking, were affected. The impact that occurs in the banking sector, including Islamic banking, is excess liquidity. However, Bank Syariah Mandiri (BSM), as a sharia bank with the largest market share in the Indonesian Islamic banking industry, maintained its performance during the Covid-19 Pandemic. Therefore, this research aims to analyze the factors that affect the Return on Assets (ROA) based on the aspects of low-cost funds (CASA) and the ratio of labor costs (BTK) in BSM. The method in this research is quantitative, using multiple regression. The years of observation in this study were from 2018 to 2020. The regression test results were that BTK had a negative and significant effect on ROA while CASA had an insignificant effect on ROA. Based on these results, it is known that although the CASA funds from BSM are pretty good, BSM has not been able to optimally distribute these funds to the community due to the current Covid-19 Pandemic. Also, BSM's good performance is contributed by employee productivity and employee competence.

Supporting Institution

Univeristas Mercu Buana

Thanks

Research Center of Universitas Mercu Buana

References

  • Aisyah, M. (2018). Islamic bank service quality and its impact on Indonesian customers’ satisfaction and loyalty. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 10(2), 367–388. https://doi.org/10.15408/aiq.v10i2.7135
  • Al Nimer, M., Warrad, L., & Al Omari, R. (2015). The impact of liquidity on Jordanian Banks profitability through return on assets. European Journal of Business and Management, 7(7), 229–233. Retrieved from www.iiste.org
  • Aydin, N. (2015). Islamic social business for sustainable development and subjective wellbeing. International Journal of Islamic and Middle Eastern Finance and Management, 8(4), 491–507. https://doi.org/10.1108/IMEFM-09-2014-0097
  • Aziz, L. H., Malle, S., Ilham, A., Fatriansyah, A., Raya, F., Nugroho, L., … Wahyudi, A. B. (2021). Akuntansi Syariah (Sebuah Tinjauan Teori Dan Praktis) (First). Bandung: Penerbit Widina Bhakti Persada Bandung. Retrieved from www.penerbitwidina.com
  • Behn, R. D. (2003). Why Measure Performance? Different purposes require different measures. Public Administration Review, 63(5), 586–606. https://doi.org/10.1111/1540-6210.00322
  • Beverly, S. G., Tescher, J., & Romich, J. L. (2004). Linking tax refunds and low-cost bank accounts: Early lessons for program design and evaluation. Journal of Consumer Affairs, 38(2), 332–341. https://doi.org/10.1111/j.1745-6606.2004.tb00872.x
  • Boubakri, N., Cosset, J. C., Fischer, K., & Guedhami, O. (2005). Privatization and bank performance in developing countries. Journal of Banking and Finance, 29(8-9 SPEC. ISS.), 2015–2041. https://doi.org/10.1016/j.jbankfin.2005.03.003
  • Bourgeois III, L. J. (1985). Strategic goals, perceived uncertainty, and economic performance in volatile environments. Academy of Management Journal, 28(3), 548. Retrieved from http://proquest.umi.com/pqdweb?did=941605&Fmt=7&clientId=10342&RQT=309&VName=PQD
  • Bracker, J. (1980). The historical development of the strategic management concept. Academy of Management Review, 5(2), 219–224. https://doi.org/10.5465/amr.1980.4288731
  • Bridoux, F., & Stoelhorst, J. W. (2014). Microfoundations for stakeholder theory: Managing stakeholders with heterogeneous motives. Strategic Management Journal, 35(1), 107–125. https://doi.org/10.1002/smj.2089
  • Cabello-Medina, C., López-Cabrales, Á., & Valle-Cabrera, R. (2011). Leveraging the innovative performance of human capital through HRM and social capital in Spanish firms. International Journal of Human Resource Management, 22(4), 807–828. https://doi.org/10.1080/09585192.2011.555125
  • Casolaro, L., & Gobbi, G. (2007). Information technology and productivity changes in the banking industry. Economic Notes, 36(1), 43–76. https://doi.org/10.1016/0305-0483(84)90018-5
  • Choudhury, M. A. (2010). Islamic perspective of socioeconomic development. Journal of Islamic Economics, Banking and Finance, 6(3), 37–54.
  • Cole, R. A., Moshirian, F., & Wu, Q. (2008). Bank stock returns and economic growth. Journal of Banking and Finance, 32(6), 995–1007. https://doi.org/10.1016/j.jbankfin.2007.07.006
  • DeYoung, R., & Rice, T. (2004). How do banks make money? the fallacies of fee income. Economic Perspectives, 28(4), 34.
  • Doherty, B., Haugh, H., & Lyon, F. (2014). Social enterprises as hybrid organizations : A review and research agenda. International Journal of Management Reviews, 16(4), 417–436. https://doi.org/10.1111/ijmr.12028
  • Dowling, J., & Pfeffer, J. (1975). Organizational legitimacy: Social values and organizational. The Pacific Sociological Review, 18(1), 122–136.
  • Gössling, S., Scott, D., & Hall, C. M. (2020). Pandemics, tourism and global change: a rapid assessment of COVID-19. Journal of Sustainable Tourism, 29(1), 1–20. https://doi.org/10.1080/09669582.2020.1758708
  • Greenwood, M. (2007). Stakeholder engagement: Beyond the myth of corporate responsibility. Journal of Business Ethics, 74(4), 315–327. https://doi.org/10.1007/s10551-007-9509-y
  • Hutagalung, M. A. K., Fitri, R., & Ritonga, S. R. W. (2019). Generasi Muslim Milenial dan Wirausaha. In Seminar Nasional Hasil Pengabdian Kepada Masyarakat 2019 (pp. 300–304). STMIK Pontianak, 29 Juli 2019.
  • Ihwanudin, N., Wicaksono, G., Kembauw, E., Suciati, R., Reza, M., Manggabarani, A. S., … Nugraheni, S. (2020). Dasar-Dasar Analisa Laporan Keuangan. Widina Bhakti Persada Bandung. Retrieved from www.penerbitwidina.com
  • Jacobides, M. G., Winter, S. G., & Kassberger, S. M. (2012). The dynamics of wealth, profit, and sustainable advantage. Strategic Management Journal, 33(12), 1384–1410. https://doi.org/10.1002/smj.1985
  • Jiang, J., Wang, S., & Zhao, S. (2012). Does HRM facilitate employee creativity and organizational innovation? A study of Chinese firms. International Journal of Human Resource Management, 23(19), 4025–4047. https://doi.org/10.1080/09585192.2012.690567
  • Kholis, N. (2018). Perbankan dalam era baru digital. Economicus, 9(1), 80–88.
  • Kumbirai, M., & Webb, R. (2010). A financial ratio analysis of commercial bank performance in South Africa. African Review of Economics and Finance, 2(1), 30–53.
  • Mashuri. (2016). Peran Baitul Maal Wa Tamwil (BMT) Dalam Upaya Pemberdayaan Ekonomi Masyarakat. IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita, 5(2), 114–123.
  • Maudos, J., Pastor, J. M., Pérez, F., & Quesada, J. (2002). Cost and profit efficiency in European banks. Journal of International Financial Markets, Institutions and Money, 12(1), 33–58. https://doi.org/10.1016/S1042-4431(01)00051-8
  • Mendes, V., & Rebelo, J. (1999). Productive efficiency, technological change and productivity in Portuguese banking. Applied Financial Economics, 9(5), 513–521. https://doi.org/10.1080/096031099332177
  • Mola, T., & Lili Sunardi. (2021). Laba Mandiri Syariah Sepanjang 2020 Capai Rp1,43 Triliun - Finansial Bisnis.com. Retrieved March 6, 2021, from https://finansial.bisnis.com/read/20210130/231/1350096/laba-mandiri-syariah-sepanjang-2020-capai-rp143-triliun
  • Muniarty, P., Surya Abbas, D., Fatira, M. A., Sugiri, D., Nurfadilah, D., Moridu, I., … Rismawati, N. (2020). Manajemen Perbankan. Retrieved from www.penerbitwidina.com
  • Nugroho, L. (2014). Central bank regulation and its impact on green microfinance. Universite Libre de Bruxelles (ULB).
  • Nugroho, L. (2020). Pandemi Covid-19 dan Keberlangsungan Industri Perbankan. In Gotong Royong Menghadapi Covid-19 Ide dan Solusi (pp. 8–16). Jawa Timur: CV. Penerbit Qiara Media.
  • Nugroho, L., Badawi, A., & Hidayah, N. (2019). Indonesia Islamic Bank Profitability 2010-2017. Shirkah Journal of Economics and Business, 4(1), 75–99.
  • Nugroho, L., Badawi, A., Hidayah, N., & Ahmad, N. H. (2020). Snapshot in Customer Deposit of Islamic Bank Religion, Age, and Gender as The Reflection of Pancasila Five Principles of Indonesia Nation. Journal of Research in Business, 5(1), 74–95. https://doi.org/10.35333/JRB.2020.177
  • Nugroho, L., Hidayah, N., Ali, A. J., & Badawi, A. (2020). E-commerce to improve homemaker productivity (women entrepreneur empowerment at Meruya Utara, Kembangan district, West Jakarta, Indonesia). Amalee: Indonesian Journal of Community Research & Engagement, 1(01), 13–24.
  • Nugroho, L., Kuncoro, F. W., & Mastur, A. A. (2019). Analis Perbandingan Bank Umum Syariah Dengan Unit Usaha Syariah Dari Aspek Efisiensi: Kualitas Asset Dan Stabilitas Keuangan (Periode Tahun 2014-2017). Iqtishadia: Jurnal Ekonomi Dan Perbankan Syariah, 6(2), 100–118. https://doi.org/10.19105/iqtishadia.v6i2.
  • Nugroho, L., & Malik, A. (2020). Determinasi Kualitas Kredit Kepemilikan Rumah (KPR) Berdasarkan Perspektif Sumber Angsuran dan Rasio Fraud Account Officer. Moneter, 7(1), 71–79.
  • Nugroho, L., & Nezzim Bararah, H. (2018). Pengaruh Good Corporate Governance dan Biaya Operasional dan Pendapatan Operasional (BOPO) terhadap stabilitas keuangan bank umum syariah di Indonesia Tahun 2012-2017. Jurnal Inovasi Dan Bisnis, 6(2), 160–169. Retrieved from www.ejournal.polbeng.ac.id/index.php/IBP
  • Nugroho, L., Suganda, A. D., Febrianty, F., Hamid, M. A. L., Ihwanudin, N., Trimulato, T., … Anwar, A. (2020). Pengantar Perbankan Syariah. Bandung: Widina Bhakti Persada Bandung. Retrieved from www.penerbitwidina.com
  • Nugroho, L., Utami, W., Akbar, T., & Arafah, W. (2017). The challenges of microfinance institutions in empowering micro and small entrepreneur to implementating green activity. International Journal of Energy Economics and Policy, 7(3).
  • Nugroho, L., Utami, W., & Doktoralina, C. M. (2019). Ekosistem Bisnis Wisata Halal dalam Perspektif Maqasid Syariah. Perisai : Islamic Banking and Finance Journal, 3(2), 84–92. https://doi.org/10.21070/perisai.v3i2.1964
  • OJK. (2020). Statistik Perbankan Indonesia - Desember 2020. Retrieved March 27, 2021, from https://www.ojk.go.id/id/kanal/perbankan/data-dan-statistik/statistik-perbankan-indonesia/Pages/Statistik-Perbankan-Indonesia---Desember-2020.aspx
  • Pratiwi, A. (2016). Islamic banking contribution in sustainable socioeconomic development in Indonesia: An epistemological approach. Humanomics, 32(2), 98–120. https://doi.org/10.1108/H-12-2015-0085
  • Satibi, E., Utami, W., & Nugroho, L. (2018). A comparison of Sharia Banks and Conventional Banks in Terms of efficiency, asset quality and stability in Indonesia for the period 2008-2016. International Journal of Commerce and Finance, 4(May), 134–149.
  • Sitanggang, L. M. S., & Handoyo. (2020). Laju NPL bank-bank besar terus meningkat di tengah pandemi Covid-19. Retrieved March 3, 2021, from https://keuangan.kontan.co.id/news/laju-npl-bank-bank-besar-terus-meningkat-di-tengah-pandemi-covid-19
  • Soekapdjo, S., Tribudhi, D. A., & Nugroho, L. (2019). Pengaruh Fundamental Ekonomi dan Kinerja Keuangan Terhadap Kredit Bermasalah Pada Bank Syariah Di Indonesia. Ekonika : Jurnal Ekonomi Universitas Kadiri, 4(2), 126. https://doi.org/10.30737/ekonika.v4i2.327
  • Villanueva, D., & Mirakhor, A. (1990). Interest Rate Policies, Stabilization, and Bank Supervision in Developing Countries: Strategies for Financial Reforms. IMF Working Papers, 37(3), 509–536. https://doi.org/10.5089/9781451927603.001
  • Vivas, A. L. (1997). Profit efficiency for Spanish savings banks. European Journal of Operational Research, 98(2), 381–394. https://doi.org/10.1016/S0377-2217(97)00354-8
  • Walkling, R. A., & Long, M. S. (1984). Agency Theory, Managerial Welfare, and Takeover Bid Resistance. The RAND Journal of Economics, 15(1), 54. https://doi.org/10.2307/3003669
  • Widayatsari, A. (2013). Akad wadiah dan mudharabah dalam penghimpunan dana pihak ketiga bank syariah. Economic: Jurnal Ekonomi Dan Hukum Islam, 3(1), 1–21.
  • Wiratmini, N. P. E. (2020). Kenaikan Pencadangan Berpotensi Berlanjut, Bank Lebih Konservatif dan Hati-Hati - Finansial Bisnis.com. Retrieved January 30, 2021, from https://finansial.bisnis.com/read/20201030/90/1311704/kenaikan-pencadangan-berpotensi-berlanjut-bank-lebih-konservatif-dan-hati-hati

Islamic bank performance: Does low-cost fund and labor cost affect it? (Empirical cases in Bank Syariah Mandiri-Indonesia)

Year 2021, Volume: 4 Issue: 2, 81 - 92, 26.12.2021

Abstract

During the Covid-19 Pandemic, all sectors, including banking, were affected. The impact that occurs in the banking sector, including Islamic banking, is excess liquidity. However, Bank Syariah Mandiri (BSM), as a sharia bank with the largest market share in the Indonesian Islamic banking industry, maintained its performance during the Covid-19 Pandemic. Therefore, this research aims to analyze the factors that affect the Return on Assets (ROA) based on the aspects of low-cost funds (CASA) and the ratio of labor costs (BTK) in BSM. The method in this research is quantitative, using multiple regression. The years of observation in this study were from 2018 to 2020. The regression test results were that BTK had a negative and significant effect on ROA while CASA had an insignificant effect on ROA. Based on these results, it is known that although the CASA funds from BSM are pretty good, BSM has not been able to optimally distribute these funds to the community due to the current Covid-19 Pandemic. Also, BSM's good performance is contributed by employee productivity and employee competence.

References

  • Aisyah, M. (2018). Islamic bank service quality and its impact on Indonesian customers’ satisfaction and loyalty. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 10(2), 367–388. https://doi.org/10.15408/aiq.v10i2.7135
  • Al Nimer, M., Warrad, L., & Al Omari, R. (2015). The impact of liquidity on Jordanian Banks profitability through return on assets. European Journal of Business and Management, 7(7), 229–233. Retrieved from www.iiste.org
  • Aydin, N. (2015). Islamic social business for sustainable development and subjective wellbeing. International Journal of Islamic and Middle Eastern Finance and Management, 8(4), 491–507. https://doi.org/10.1108/IMEFM-09-2014-0097
  • Aziz, L. H., Malle, S., Ilham, A., Fatriansyah, A., Raya, F., Nugroho, L., … Wahyudi, A. B. (2021). Akuntansi Syariah (Sebuah Tinjauan Teori Dan Praktis) (First). Bandung: Penerbit Widina Bhakti Persada Bandung. Retrieved from www.penerbitwidina.com
  • Behn, R. D. (2003). Why Measure Performance? Different purposes require different measures. Public Administration Review, 63(5), 586–606. https://doi.org/10.1111/1540-6210.00322
  • Beverly, S. G., Tescher, J., & Romich, J. L. (2004). Linking tax refunds and low-cost bank accounts: Early lessons for program design and evaluation. Journal of Consumer Affairs, 38(2), 332–341. https://doi.org/10.1111/j.1745-6606.2004.tb00872.x
  • Boubakri, N., Cosset, J. C., Fischer, K., & Guedhami, O. (2005). Privatization and bank performance in developing countries. Journal of Banking and Finance, 29(8-9 SPEC. ISS.), 2015–2041. https://doi.org/10.1016/j.jbankfin.2005.03.003
  • Bourgeois III, L. J. (1985). Strategic goals, perceived uncertainty, and economic performance in volatile environments. Academy of Management Journal, 28(3), 548. Retrieved from http://proquest.umi.com/pqdweb?did=941605&Fmt=7&clientId=10342&RQT=309&VName=PQD
  • Bracker, J. (1980). The historical development of the strategic management concept. Academy of Management Review, 5(2), 219–224. https://doi.org/10.5465/amr.1980.4288731
  • Bridoux, F., & Stoelhorst, J. W. (2014). Microfoundations for stakeholder theory: Managing stakeholders with heterogeneous motives. Strategic Management Journal, 35(1), 107–125. https://doi.org/10.1002/smj.2089
  • Cabello-Medina, C., López-Cabrales, Á., & Valle-Cabrera, R. (2011). Leveraging the innovative performance of human capital through HRM and social capital in Spanish firms. International Journal of Human Resource Management, 22(4), 807–828. https://doi.org/10.1080/09585192.2011.555125
  • Casolaro, L., & Gobbi, G. (2007). Information technology and productivity changes in the banking industry. Economic Notes, 36(1), 43–76. https://doi.org/10.1016/0305-0483(84)90018-5
  • Choudhury, M. A. (2010). Islamic perspective of socioeconomic development. Journal of Islamic Economics, Banking and Finance, 6(3), 37–54.
  • Cole, R. A., Moshirian, F., & Wu, Q. (2008). Bank stock returns and economic growth. Journal of Banking and Finance, 32(6), 995–1007. https://doi.org/10.1016/j.jbankfin.2007.07.006
  • DeYoung, R., & Rice, T. (2004). How do banks make money? the fallacies of fee income. Economic Perspectives, 28(4), 34.
  • Doherty, B., Haugh, H., & Lyon, F. (2014). Social enterprises as hybrid organizations : A review and research agenda. International Journal of Management Reviews, 16(4), 417–436. https://doi.org/10.1111/ijmr.12028
  • Dowling, J., & Pfeffer, J. (1975). Organizational legitimacy: Social values and organizational. The Pacific Sociological Review, 18(1), 122–136.
  • Gössling, S., Scott, D., & Hall, C. M. (2020). Pandemics, tourism and global change: a rapid assessment of COVID-19. Journal of Sustainable Tourism, 29(1), 1–20. https://doi.org/10.1080/09669582.2020.1758708
  • Greenwood, M. (2007). Stakeholder engagement: Beyond the myth of corporate responsibility. Journal of Business Ethics, 74(4), 315–327. https://doi.org/10.1007/s10551-007-9509-y
  • Hutagalung, M. A. K., Fitri, R., & Ritonga, S. R. W. (2019). Generasi Muslim Milenial dan Wirausaha. In Seminar Nasional Hasil Pengabdian Kepada Masyarakat 2019 (pp. 300–304). STMIK Pontianak, 29 Juli 2019.
  • Ihwanudin, N., Wicaksono, G., Kembauw, E., Suciati, R., Reza, M., Manggabarani, A. S., … Nugraheni, S. (2020). Dasar-Dasar Analisa Laporan Keuangan. Widina Bhakti Persada Bandung. Retrieved from www.penerbitwidina.com
  • Jacobides, M. G., Winter, S. G., & Kassberger, S. M. (2012). The dynamics of wealth, profit, and sustainable advantage. Strategic Management Journal, 33(12), 1384–1410. https://doi.org/10.1002/smj.1985
  • Jiang, J., Wang, S., & Zhao, S. (2012). Does HRM facilitate employee creativity and organizational innovation? A study of Chinese firms. International Journal of Human Resource Management, 23(19), 4025–4047. https://doi.org/10.1080/09585192.2012.690567
  • Kholis, N. (2018). Perbankan dalam era baru digital. Economicus, 9(1), 80–88.
  • Kumbirai, M., & Webb, R. (2010). A financial ratio analysis of commercial bank performance in South Africa. African Review of Economics and Finance, 2(1), 30–53.
  • Mashuri. (2016). Peran Baitul Maal Wa Tamwil (BMT) Dalam Upaya Pemberdayaan Ekonomi Masyarakat. IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita, 5(2), 114–123.
  • Maudos, J., Pastor, J. M., Pérez, F., & Quesada, J. (2002). Cost and profit efficiency in European banks. Journal of International Financial Markets, Institutions and Money, 12(1), 33–58. https://doi.org/10.1016/S1042-4431(01)00051-8
  • Mendes, V., & Rebelo, J. (1999). Productive efficiency, technological change and productivity in Portuguese banking. Applied Financial Economics, 9(5), 513–521. https://doi.org/10.1080/096031099332177
  • Mola, T., & Lili Sunardi. (2021). Laba Mandiri Syariah Sepanjang 2020 Capai Rp1,43 Triliun - Finansial Bisnis.com. Retrieved March 6, 2021, from https://finansial.bisnis.com/read/20210130/231/1350096/laba-mandiri-syariah-sepanjang-2020-capai-rp143-triliun
  • Muniarty, P., Surya Abbas, D., Fatira, M. A., Sugiri, D., Nurfadilah, D., Moridu, I., … Rismawati, N. (2020). Manajemen Perbankan. Retrieved from www.penerbitwidina.com
  • Nugroho, L. (2014). Central bank regulation and its impact on green microfinance. Universite Libre de Bruxelles (ULB).
  • Nugroho, L. (2020). Pandemi Covid-19 dan Keberlangsungan Industri Perbankan. In Gotong Royong Menghadapi Covid-19 Ide dan Solusi (pp. 8–16). Jawa Timur: CV. Penerbit Qiara Media.
  • Nugroho, L., Badawi, A., & Hidayah, N. (2019). Indonesia Islamic Bank Profitability 2010-2017. Shirkah Journal of Economics and Business, 4(1), 75–99.
  • Nugroho, L., Badawi, A., Hidayah, N., & Ahmad, N. H. (2020). Snapshot in Customer Deposit of Islamic Bank Religion, Age, and Gender as The Reflection of Pancasila Five Principles of Indonesia Nation. Journal of Research in Business, 5(1), 74–95. https://doi.org/10.35333/JRB.2020.177
  • Nugroho, L., Hidayah, N., Ali, A. J., & Badawi, A. (2020). E-commerce to improve homemaker productivity (women entrepreneur empowerment at Meruya Utara, Kembangan district, West Jakarta, Indonesia). Amalee: Indonesian Journal of Community Research & Engagement, 1(01), 13–24.
  • Nugroho, L., Kuncoro, F. W., & Mastur, A. A. (2019). Analis Perbandingan Bank Umum Syariah Dengan Unit Usaha Syariah Dari Aspek Efisiensi: Kualitas Asset Dan Stabilitas Keuangan (Periode Tahun 2014-2017). Iqtishadia: Jurnal Ekonomi Dan Perbankan Syariah, 6(2), 100–118. https://doi.org/10.19105/iqtishadia.v6i2.
  • Nugroho, L., & Malik, A. (2020). Determinasi Kualitas Kredit Kepemilikan Rumah (KPR) Berdasarkan Perspektif Sumber Angsuran dan Rasio Fraud Account Officer. Moneter, 7(1), 71–79.
  • Nugroho, L., & Nezzim Bararah, H. (2018). Pengaruh Good Corporate Governance dan Biaya Operasional dan Pendapatan Operasional (BOPO) terhadap stabilitas keuangan bank umum syariah di Indonesia Tahun 2012-2017. Jurnal Inovasi Dan Bisnis, 6(2), 160–169. Retrieved from www.ejournal.polbeng.ac.id/index.php/IBP
  • Nugroho, L., Suganda, A. D., Febrianty, F., Hamid, M. A. L., Ihwanudin, N., Trimulato, T., … Anwar, A. (2020). Pengantar Perbankan Syariah. Bandung: Widina Bhakti Persada Bandung. Retrieved from www.penerbitwidina.com
  • Nugroho, L., Utami, W., Akbar, T., & Arafah, W. (2017). The challenges of microfinance institutions in empowering micro and small entrepreneur to implementating green activity. International Journal of Energy Economics and Policy, 7(3).
  • Nugroho, L., Utami, W., & Doktoralina, C. M. (2019). Ekosistem Bisnis Wisata Halal dalam Perspektif Maqasid Syariah. Perisai : Islamic Banking and Finance Journal, 3(2), 84–92. https://doi.org/10.21070/perisai.v3i2.1964
  • OJK. (2020). Statistik Perbankan Indonesia - Desember 2020. Retrieved March 27, 2021, from https://www.ojk.go.id/id/kanal/perbankan/data-dan-statistik/statistik-perbankan-indonesia/Pages/Statistik-Perbankan-Indonesia---Desember-2020.aspx
  • Pratiwi, A. (2016). Islamic banking contribution in sustainable socioeconomic development in Indonesia: An epistemological approach. Humanomics, 32(2), 98–120. https://doi.org/10.1108/H-12-2015-0085
  • Satibi, E., Utami, W., & Nugroho, L. (2018). A comparison of Sharia Banks and Conventional Banks in Terms of efficiency, asset quality and stability in Indonesia for the period 2008-2016. International Journal of Commerce and Finance, 4(May), 134–149.
  • Sitanggang, L. M. S., & Handoyo. (2020). Laju NPL bank-bank besar terus meningkat di tengah pandemi Covid-19. Retrieved March 3, 2021, from https://keuangan.kontan.co.id/news/laju-npl-bank-bank-besar-terus-meningkat-di-tengah-pandemi-covid-19
  • Soekapdjo, S., Tribudhi, D. A., & Nugroho, L. (2019). Pengaruh Fundamental Ekonomi dan Kinerja Keuangan Terhadap Kredit Bermasalah Pada Bank Syariah Di Indonesia. Ekonika : Jurnal Ekonomi Universitas Kadiri, 4(2), 126. https://doi.org/10.30737/ekonika.v4i2.327
  • Villanueva, D., & Mirakhor, A. (1990). Interest Rate Policies, Stabilization, and Bank Supervision in Developing Countries: Strategies for Financial Reforms. IMF Working Papers, 37(3), 509–536. https://doi.org/10.5089/9781451927603.001
  • Vivas, A. L. (1997). Profit efficiency for Spanish savings banks. European Journal of Operational Research, 98(2), 381–394. https://doi.org/10.1016/S0377-2217(97)00354-8
  • Walkling, R. A., & Long, M. S. (1984). Agency Theory, Managerial Welfare, and Takeover Bid Resistance. The RAND Journal of Economics, 15(1), 54. https://doi.org/10.2307/3003669
  • Widayatsari, A. (2013). Akad wadiah dan mudharabah dalam penghimpunan dana pihak ketiga bank syariah. Economic: Jurnal Ekonomi Dan Hukum Islam, 3(1), 1–21.
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There are 51 citations in total.

Details

Primary Language English
Subjects Economics, Public Administration, Business Administration
Journal Section Research Article
Authors

Ahmad Badawi 0000-0002-9174-8000

Lucky Nugroho 0000-0002-9613-1667

Nurul Hidayah 0000-0002-0680-5681

Publication Date December 26, 2021
Acceptance Date October 20, 2021
Published in Issue Year 2021 Volume: 4 Issue: 2

Cite

APA Badawi, A., Nugroho, L., & Hidayah, N. (2021). Islamic bank performance: Does low-cost fund and labor cost affect it? (Empirical cases in Bank Syariah Mandiri-Indonesia). Business Economics and Management Research Journal, 4(2), 81-92.

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