Araştırma Makalesi
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İslami Bankalarda Kurumsal Yönetişim ve Performans: Malezya ve Körfez Işbirliği Konseyi Ülkelerindeki Bankaların Karşılaştırmalı Bir Çalışması

Yıl 2020, Cilt: 8 Sayı: 5, 1477 - 1487, 14.10.2020
https://doi.org/10.18506/anemon.683086

Öz

This paper contributes to the literature by discussing the relationship between corporate governance and performance of Islamic banks operating in Malaysia and the Gulf Cooperation Council (GCC) countries. The effects of board independence and board size on performance are examined by using relevant analyses. The paper finds that there was a significant and negative relationship between ROA and board independence and it was also a significant predictor of ROE. Malaysian banks were performed better than the GCC banks by comparing the average ROE and ROA and they also had more independent directors. According to the univariate test results, Malaysian banks were performed better than the GCC banks in terms of ROE and Tobin`s Q.

Kaynakça

  • Adams, R., & H. Mehran. (2002). “Board Structure and Banking Firm Performance.” Unpublished paper, Federal Reserve Bank of New York.
  • Aebi, V., Sabato, G. & Schmid, M. (2012). Risk management, corporate governance, and bank performance in the financial crisis. Journal of Banking and Finance, 36, 3213-3226.
  • Almutairi, A. & Quttainah, M. (2017). Corporate governance: Evidence from Islamic banks. Social Responsibility Journal, 13(3), 601-624.
  • Arslan, O., Karan, M. B. & Eksi, C. (2010). Board structure and corporate performance. Managing Global Transitions, 8, 3-22.
  • Beck, T., Demirgüç-Kunt, A. & Merrucher, O. (2013). Islamic vs. conventional banking: Business model, efficiency, and stability. Journal of Banking and Finance, 37, 433-447.
  • Beltratti, A., & Stulz, R. M. (2012). The credit crisis around the globe: Why did some banks perform better? Journal of Financial Economics, 105(1), 1-17.
  • Chapra, M. & Ahmed, H. (2002). Corporate Governance in Islamic Financial Institutions. Occasional Paper No. 6 (Islamic Research and Training Institute: Islamic Development Bank, Jeddah).
  • Choudhury, M. A., & Hoque, M. Z. (2006). Corporate governance in Islamic perspective. Corporate Governance, 6(2), 116-128.
  • Erkens, D. H., Hung, M. & Matos, P. (2012). Corporate governance in the 2007-2008 financial crisis: Evidence from financial institutions worldwide. Journal of Corporate Finance, 18(2), 389-411.
  • Financial Reporting Council. (FRC 1992). The Cadbury Report: The Financial Aspects of Corporate Governance, London: Burgess Science Press.
  • Grais, W., & Pellegrini, M. (2006). Corporate Governance in Institutions Offering Islamic Financial Services: Issues and Options, Policy Research Working Paper 4052, (Washington, World Bank, November 2006).
  • Grassa, R. & Matoussi, H. (2014). Corporate governance of Islamic banks: A comparative study between GCC and Southeast Asia countries. International Journal of Islamic and Middle Eastern Finance and Management, 7(3), 346-362.
  • Hidayat, S. E., & Abduh, M. (2012). Does financial crisis give impacts on Bahrain Islamic banking performance? A panel regression analysis. International Journal of Economics and Finance, 4(7), 79-87.
  • Judge, W. Q., Naoumova, I., & Koutzevol, N. (2003). Corporate governance and firm performance in Russia: An empirical study. Journal of World Business, 38, 385-396.
  • Khandelwal, S. K., & Aljifri, K. (2016). Corporate governance in Islamic banks: A comparative study of conservatives, moderates, and liberals. Corporate Ownership & Control, 13 (4-4), 566-574.
  • Klapper, L. F., & Love, I., (2004). Corporate governance, investor protection, and performance in emerging markets. Journal of Corporate Finance, 10(5), 703-728.
  • Mertler, C. A., & Vannatta, R. A. (2005). Advanced and Multivariate Statistical Methods: Practical Application and Interpretation (3. Ed.). Pyrczak Publishing. CA: USA.
  • Nienhaus, V. (2007). Governance of Islamic banks. In M. K. Hassan and M. K. Lewis (Eds.), Handbook of Islamic Banking (s. 128-143). Cheltenham, U.K., and Northampton, Mass.: Edward Elgar.
  • Olson, D. & Zoubi, T.A. (2008). Using accounting ratios to distinguish between Islamic and conventional banks in the GCC region. International Journal of Accounting, 43, 45-65.
  • Organisation for Economic Co-Operation and Development (2004). OECD Principles of Corporate Governance 2004. Retrieved 27 February 2014, from http://www.oecd.org/corporate/ca/corporategovernanceprinciples/31557724.pdf.
  • Padgett, C. (2012). Corporate Governance: Theory and Practice. Palgrave Macmillan.
  • Padgett, C. (2013). Corporate governance and supervision: From Basel II to Basel III. In Archer and Karim (Eds.). Islamic Finance: The New Regulatory Challenge (2. Ed.), (s. 401-414). Singapore: John Wiley & Sons Singapore.
  • Tabachnik, B.G. & Fidell, L.S. (2007). Using Multivariate Statistics. Pearson Education, Boston, MA: USA.
  • Turk Ariss, R. (2010). Competitive conditions in Islamic and conventional banking: A global perspective. Review of Financial Economics, 19, 101-108.
  • Ulussever, T., (2018). A comparative analysis of corporate governance and bank performance: Islamic banks with conventional banks. Research Journal of Business and Management, 5(1), 34-50.
  • Van Ness, R. K., Miesing, P., & Kang, J. (2010). Board of director composition and financial performance in a Sarbanes-Oxley world. Academy of Business and Economics Journal, 10, 56-74.
  • Yermack, D., (1996). Higher market valuation of companies with a small board of directors. Journal of Financial Economics 40, 185-211.

İslami Bankalarda Kurumsal Yönetişim ve Performans: Malezya ve Körfez Işbirliği Konseyi Ülkelerindeki Bankaların Karşılaştırmalı Bir Çalışması

Yıl 2020, Cilt: 8 Sayı: 5, 1477 - 1487, 14.10.2020
https://doi.org/10.18506/anemon.683086

Öz

Bu çalışmanın amacı, Malezya'da ve Körfez İşbirliği Konseyi (KİK) ülkelerinde faaliyet gösteren İslami bankaların kurumsal yönetişimi ve performansları arasındaki ilişkiyi tartışarak yazına katkıda bulunmaktır. Yönetim kurulu bağımsızlığının ve büyüklüğünün banka performansı üzerindeki etkileri ilgili analizler kullanılarak incelenmiştir. Çalışma, aktif karlılığı ve kurul bağımsızlığı arasında anlamlı negatif bir ilişki olduğunu ve aynı zamanda aktif karlılığının öz sermaye karlılığının önemli bir yordayıcısı olduğunu ortaya koymuştur. Öz sermaye karlılığı ve aktif karlılığı ortalamaları bakımından Malezya bankalarının KİK bankalarından daha iyi performans gösterdikleri ve ayrıca daha bağımsız yönetim kurullarına sahip oldukları bulunmuştur. Tek değişkenli test sonuçlarına göre ise, Malezya bankalarının öz sermaye karlılığı ve Tobin Q oranları açısından KİK bankalarından daha iyi performans gösterdikleri ortaya konmuştur.

Kaynakça

  • Adams, R., & H. Mehran. (2002). “Board Structure and Banking Firm Performance.” Unpublished paper, Federal Reserve Bank of New York.
  • Aebi, V., Sabato, G. & Schmid, M. (2012). Risk management, corporate governance, and bank performance in the financial crisis. Journal of Banking and Finance, 36, 3213-3226.
  • Almutairi, A. & Quttainah, M. (2017). Corporate governance: Evidence from Islamic banks. Social Responsibility Journal, 13(3), 601-624.
  • Arslan, O., Karan, M. B. & Eksi, C. (2010). Board structure and corporate performance. Managing Global Transitions, 8, 3-22.
  • Beck, T., Demirgüç-Kunt, A. & Merrucher, O. (2013). Islamic vs. conventional banking: Business model, efficiency, and stability. Journal of Banking and Finance, 37, 433-447.
  • Beltratti, A., & Stulz, R. M. (2012). The credit crisis around the globe: Why did some banks perform better? Journal of Financial Economics, 105(1), 1-17.
  • Chapra, M. & Ahmed, H. (2002). Corporate Governance in Islamic Financial Institutions. Occasional Paper No. 6 (Islamic Research and Training Institute: Islamic Development Bank, Jeddah).
  • Choudhury, M. A., & Hoque, M. Z. (2006). Corporate governance in Islamic perspective. Corporate Governance, 6(2), 116-128.
  • Erkens, D. H., Hung, M. & Matos, P. (2012). Corporate governance in the 2007-2008 financial crisis: Evidence from financial institutions worldwide. Journal of Corporate Finance, 18(2), 389-411.
  • Financial Reporting Council. (FRC 1992). The Cadbury Report: The Financial Aspects of Corporate Governance, London: Burgess Science Press.
  • Grais, W., & Pellegrini, M. (2006). Corporate Governance in Institutions Offering Islamic Financial Services: Issues and Options, Policy Research Working Paper 4052, (Washington, World Bank, November 2006).
  • Grassa, R. & Matoussi, H. (2014). Corporate governance of Islamic banks: A comparative study between GCC and Southeast Asia countries. International Journal of Islamic and Middle Eastern Finance and Management, 7(3), 346-362.
  • Hidayat, S. E., & Abduh, M. (2012). Does financial crisis give impacts on Bahrain Islamic banking performance? A panel regression analysis. International Journal of Economics and Finance, 4(7), 79-87.
  • Judge, W. Q., Naoumova, I., & Koutzevol, N. (2003). Corporate governance and firm performance in Russia: An empirical study. Journal of World Business, 38, 385-396.
  • Khandelwal, S. K., & Aljifri, K. (2016). Corporate governance in Islamic banks: A comparative study of conservatives, moderates, and liberals. Corporate Ownership & Control, 13 (4-4), 566-574.
  • Klapper, L. F., & Love, I., (2004). Corporate governance, investor protection, and performance in emerging markets. Journal of Corporate Finance, 10(5), 703-728.
  • Mertler, C. A., & Vannatta, R. A. (2005). Advanced and Multivariate Statistical Methods: Practical Application and Interpretation (3. Ed.). Pyrczak Publishing. CA: USA.
  • Nienhaus, V. (2007). Governance of Islamic banks. In M. K. Hassan and M. K. Lewis (Eds.), Handbook of Islamic Banking (s. 128-143). Cheltenham, U.K., and Northampton, Mass.: Edward Elgar.
  • Olson, D. & Zoubi, T.A. (2008). Using accounting ratios to distinguish between Islamic and conventional banks in the GCC region. International Journal of Accounting, 43, 45-65.
  • Organisation for Economic Co-Operation and Development (2004). OECD Principles of Corporate Governance 2004. Retrieved 27 February 2014, from http://www.oecd.org/corporate/ca/corporategovernanceprinciples/31557724.pdf.
  • Padgett, C. (2012). Corporate Governance: Theory and Practice. Palgrave Macmillan.
  • Padgett, C. (2013). Corporate governance and supervision: From Basel II to Basel III. In Archer and Karim (Eds.). Islamic Finance: The New Regulatory Challenge (2. Ed.), (s. 401-414). Singapore: John Wiley & Sons Singapore.
  • Tabachnik, B.G. & Fidell, L.S. (2007). Using Multivariate Statistics. Pearson Education, Boston, MA: USA.
  • Turk Ariss, R. (2010). Competitive conditions in Islamic and conventional banking: A global perspective. Review of Financial Economics, 19, 101-108.
  • Ulussever, T., (2018). A comparative analysis of corporate governance and bank performance: Islamic banks with conventional banks. Research Journal of Business and Management, 5(1), 34-50.
  • Van Ness, R. K., Miesing, P., & Kang, J. (2010). Board of director composition and financial performance in a Sarbanes-Oxley world. Academy of Business and Economics Journal, 10, 56-74.
  • Yermack, D., (1996). Higher market valuation of companies with a small board of directors. Journal of Financial Economics 40, 185-211.
Toplam 27 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Araştırma Makalesi
Yazarlar

Mehmet Maksud Önal 0000-0002-6059-3210

Yayımlanma Tarihi 14 Ekim 2020
Kabul Tarihi 4 Mayıs 2020
Yayımlandığı Sayı Yıl 2020 Cilt: 8 Sayı: 5

Kaynak Göster

APA Önal, M. M. (2020). İslami Bankalarda Kurumsal Yönetişim ve Performans: Malezya ve Körfez Işbirliği Konseyi Ülkelerindeki Bankaların Karşılaştırmalı Bir Çalışması. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi, 8(5), 1477-1487. https://doi.org/10.18506/anemon.683086

Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi Creative Commons Atıf-GayriTicari 4.0 Uluslararası Lisansı (CC BY NC) ile lisanslanmıştır.