The Level of Efficiency of Islamic Rural Banks in Java 2014-2017 Using Slacks-Based Data Envelopment Analysis
DOI:
https://doi.org/10.22219/jes.v5i1.11910Keywords:
Efficiency, Islamic rural banks, Financial management.Abstract
The purpose of the study is to evaluate the efficiency of Islamic rural banks in Java by looking at the factors that could influence it year 2014-2017. This research is quantitative using a non-parametric and non-radial based Data Envelopment Analysis method with an intermediation approach to evaluate efficiency. The object of this study is 72 Islamic rural banks in Java. The results indicates that the level of efficiency of Islamic rural banks in Java was still low.Downloads
References
Abidin, Z., & Endri . (2009). Kinerja efisiensi teknis bank pembangunan daerah: Pendekatan Data Envelopment Analysis (DEA). Jurnal Akuntansi dan Keuangan, 11(1),21-29. https://doi.org/10.9744/jak.11.1.pp.%2021-29
Anwar, M., Layyinaturrobaniyah, L., Komara, R., & Nidar, S. R. (2018). Rural Bank Technical Efficiency in West Java Indonesia: Evaluation by Ownership and District. Jurnal Bisnis dan Manajemen, 19(2), 61-71. http://dx.doi.org/10.24198/jbm.v19i2.188
Hermes, N., Lensink, R., & Meesters, A. (2018). Financial development and the efficiency of microfinance institutions. In Research Handbook on Small Business Social Responsibility. Edward Elgar Publishing. https://doi.org/10.4337/9781784711825
Avkiran, N. K., & McCrystal, A. (2014). Dynamic network range-adjusted measure vs. dynamic network slacks-based measure. Journal of the Operations Research Society of japan, 57(1), 1-14. https://doi.org/10.15807/jorsj.57.1
Adawiyah, W. R. (2013). Faktor Penghambat Pertumbuhan Usaha Mikro Kecil Menengah (UMKM): Studi di Kabupaten Banyumas. Sustainable Competitive Advantage (SCA), 1(1). 1-18. Retrieved from http://jp.feb.unsoed.ac.id/index.php/sca-1/article/viewFile/134/139
Amah, N. (2013). Bank Syariah dan UMKM Dalam Menggerakkan Roda Perekonomian Indonesia: Suatu Kajian Literatur. Assets: Jurnal Akuntansi dan Pendidikan, 2(1), 48-54. Retrieved from http://e-journal.unipma.ac.id/index.php/assets/article/view/561
Aprianingsih, A., & Yushita, A. N. (2016). Pengaruh Penerapan Good Corporate Governance, Struktur Kepemilikan, Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perbankan. Jurnal Profita: Kajian Ilmu Akuntansi, 4(4), 53-78. Retrieved from http://journal.student.uny.ac.id/ojs/ojs/index.php/profita/article/view/5631
Arianto, D. A. N. (2011). Peranan Al-Mudharabah sebagai Salah Satu Produk Perbankan Syariah dalam Upaya Mengentaskan Kemiskinan di Indonesia. Jurnal ekonomi dan Pendidikan, 8(2), 164-185. https://doi.org/10.21831/jep.v8i2.794
Banker, R. D., Charnes, A., & Cooper, W. W. (1984). Some models for estimating technical and scale inefficiencies in data envelopment analysis. Management science, 30(9), 1078-1092. https://doi.org/10.1287/mnsc.30.9.1078
Baroroh, U. (2012). Analisis sektor keuangan terhadap pertumbuhan ekonomi regional di wilayah Jawa: Pendekatan model levine. Etikonomi, 11(2) 180-195. https://doi.org/10.15408/etk.v11i2.1892
Bastomi, M., Salim, U., & Aisjah, S. (2017). The role of corporate governance and risk management on banking financial performance in Indonesia. Jurnal Keuangan dan Perbankan, 21(4), 670-680. Retrieved from https://pdfs.semanticscholar.org/72a5/48c74d3a27762f04fe6951b13b7f0d828cb5.pdf
Bitar, M., Madiès, P., & Taramasco, O. (2017). What makes Islamic banks different? A multivariate approach. Economic Systems, 41(2), 215-235. https://doi.org/10.1016/j.ecosys.2016.06.003
Boone, J. (2008). Competition: Theoretical parameterizations and empirical measures. Journal of Institutional and Theoretical Economics (JITE)/Zeitschrift für die gesamte Staatswissenschaft, 587-611. Retrieved from https://www.jstor.org/stable/40752720?seq=1
Charnes, A., Cooper, W. W., & Rhodes, E. (1978). Measuring the efficiency of decision making units, European Journal of Operational Research, 2(1), 429-444. https://doi.org/10.1016/j.ejor.2008.01.032
Chowdhury, M. A. F. (2015). Which is more important in terms of Profitability of Islamic banks: Bank Specific factors or Macroeconomic factors? An Empirical Study on Malaysian Islamic Banks. European Journal of Islamic Finance, 2(2), 1-9. https://doi.org/10.13135/2421-2172/922
Sari, M. D., Bahari, Z., & Hamat, Z. (2013). Perkembangan Perbanakn Syariah di Indonesia: Suatu Tinjauan. Jurnal Aplikasi Bisnis, 3(2), 120-138. Retrieved from https://www.researchgate.net/profile/mutiara_dwi_sari/publication/304777260_perkembangan_perbankan_syariah_di_indonesia_suatu_tinjauan/links/577a3e5108ae355e74f05eeb/perkembangan-perbankan-syariah-di-indonesia-suatu-tinjauan.pdf
Eken, M. H., & Kale, S. (2013). Evaluating the efficiency of Turkish banks: a risk and profitability approach. Journal of CENTRUM Cathedra: The Business and Economics Research Journal, 6(1), 53-68. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2236397
Emrouznejad, A., & Yang, G. L. (2018). A survey and analysis of the first 40 years of scholarly literature in DEA: 1978–2016. Socio-Economic Planning Sciences, 61, 4-8. https://doi.org/10.1016/j.seps.2017.01.008
Farrell, M. J. (1957). The measurement of productive efficiency. Journal of the Royal Statistical Society: Series A (General), 120(3), 253-281. https://doi.org/10.2307/2343100
Fernos, J. (2017). Analisis Rasio Profitabilitas Untuk Mengukur Kinerja (Studi Kasus Pada PT. Bank Pembangunan Daerah Provinsi Sumatera Barat). Jurnal Pundi, 1(2), 107-118. https://doi.org/10.31575/jp.v1i2.25
Fitria, T. N. (2016). Kontribusi Ekonomi Islam Dalam Pembangunan Ekonomi Nasional. Jurnal Ilmiah Ekonomi Islam, 2(03), 29-40. http://dx.doi.org/10.29040/jiei.v2i03.3
Hamidi, M. (2017). Studi Komparasi Kinerja Bank Perkreditan Rakyat (BPR) Syariah dan Konvensional di Sumatera Barat. Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam STAIN Kudus, 10(1), 44-70. https://doi/org/10.21043/iqtishadia.v10i1.2318
Harfandi, H., & Puteri, H. E. (2015). Indikasi Financial Inclusion Di Pedesaan Dan Kontribusi Bank Pembiayaan Rakyat Syariah Dalam Pengembangan Sektor-Sektor Produktif. Jurnal Ekonomi, 17(1), 76-94. Retrieved from http://ojs.stiehas.ac.id/index.php/JE/article/view/40
Hermes, N., Lensink, R., & Meesters, A. (2011). Outreach and efficiency of microfinance institutions. World development, 39(6), 938-948. https://doi.org/10.1016/j.worlddev.2009.10.018
Hidayati, A. N. (2014). Pengaruh Inflasi, BI Rate Dan Kurs Terhadap Profitabilitas Bank Syariah Di Indonesia. An-Nisbah: Jurnal Ekonomi Syariah, 1(1), 72-97. http://dx.doi.org/10.21274/an.2014.1.1.72-97
Imam, P., & Kpodar, K. (2016). Islamic banking: Good for growth?. Economic Modelling, 59, 387-401. https://doi.org/10.1016/j.econmod.2016.08.004
Kara, M. (2013). Konstribusi Pembiayaan Perbankan Syariah Terhadap Pengembangan Usaha Mikro, Kecil, Dan Menengah. AHKAM: Jurnal Ilmu Syariah, 13(2). https://doi/org/10.15408/ajis.v13i2.944
Kartikasari, M., & Wahyuati, A. (2014). Penilaian kinerja keuangan menggunakan analisis rasio pada bank mandiri di BEI. Jurnal Ilmu & Riset Manajemen, 3(11), 1-16. Retrieved from https://s3.amazonaws.com/academia.edu.documents/54648568/662-2605-1-PB.pdf?response-content-disposition=inline%3B%20filename%3DPENILAIAN_KINERJA_KEUANGAN_MENGGUNAKAN_A.pdf
Malik, N. (2017). Struktur Pasar dan Perilaku Kompetitif Industri Perbankan Indonesia Pasca Implementasi API 2004. Journal of Innovation in Business and Economics, 1(1), 47-90. Retrieved from http://ejournal.umm.ac.id/index.php/jibe/article/view/4790
Mardani, D. A. (2018). Peran Perbankan Syariah Dalam Mengimplementasikan Keuangan Inklusif Di Indonesia. al-Afkar, Journal For Islamic Studies, 1(1), 105-120. https://doi.org/10.31943/afkar_journal.v1i1.10
Masyita, D., & Ahmed, H. (2011, December). Why is growth of Islamic microfinance lower than conventional? A comparative study of the preferences and perceptions of the clients of Islamic and conventional microfinance institutions’ in Indonesia. In 8th International Conference on Islamic Economics and Finance (pp. 1-22). Retrieved from http://www.iefpedia.com/english/wp-content/uploads/2011/12/Dian-Masyita.pdf
Melani, E., & Suwarni, E. (2013). Tren pengungkapan intellectual capital industri perbankan: sebuah bukti empiris di Indonesia. Jurnal Keuangan dan Perbankan, 17(2), 279-291. Retrieved from http://jurnal.unmer.ac.id/index.php/jkdp/article/view/747
Mulyaningsih, Y., Oktaviani, N. N. R., & Firdausy, C. M. (2016). Trade-off Antara kesinambungan keuangan dan jangkauan lembaga keuangan mikro syariah di perdesaan Jawa Barat. Kajian Ekonomi dan Keuangan, 20(1), 43-60. https://doi.org/10.31685/kek.v20i1.180
Munajim, A., & Anwar, S. (2016). Faktor Yang Mempengaruhi Keputusan Menjadi Nasabah Bank Syariah. Syntax Literate; Jurnal Ilmiah Indonesia, 1(2), 41-52. Retrieved from http://jurnal.syntaxliterate.co.id/index.php/syntax-literate/article/view/28
Mogha, S. K., Yadav, S. P., & Singh, S. P. (2015). Slack based measure of efficiencies of public sector hospitals in Uttarakhand (India). Benchmarking: An International Journal, 22(7), 1229-1246. https://doi.org/10.1108/BIJ-12-2013-0122
Oktarina, A., & Asnaini, A. (2020). Potensi Kontribusi Institusi Pendidikan Islam Terhadap Perkembangan Bank Syari'ah di Indonesia. Al-Intaj: Jurnal Ekonomi dan Perbankan Syariah, 6(1), 51-58. http://dx.doi.org/10.29300/aij.v6i1.2834
Pradiknas, T. Y., & Fathurohman, T. (2015). Efficiency Of Islamic Banking Compared to Conventional Banking: Eveidence from Indoensian Banking Sector. Journal of Business And Management, 4(5), 540-551. Retrieved from https://journal.sbm.itb.ac.id/index.php/jbm/article/view/1763
Pratiwi, A. A., Sondakh, J. J., & Kalangi, L. (2014). Analisis penerapan SAK ETAP pada penyajian laporan keuangan PT. Nichindo Manado Suisan. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 2(3), 54-98. Retrieved from https://ejournal.unsrat.ac.id/index.php/emba/article/view/5498
Puspita, H. S., & Shofawati, A. (2019). Determinan Tingkat Efisiensi Bank Pembangunan Daerah (Bpd) Syariah Di Indonesia: Two-Stage Data Envelopment Analysis. Jurnal Ekonomi Syariah Teori dan Terapan, 5(10), 804-819. http://dx.doi.org/10.20473/vol5iss201810pp804-819
Puteri, H. E. (2015). Kontribusi BPRS dalam Merealisasi Financial Inclusion di Pedesaan: Evaluasi Empiris dan Penguatan Strategi. Islam Realitas: Journal of Islamic & Social Studies, 1(1), 19-34. Retrieved from http://ejournal.iainbukittinggi.ac.id/index.php/Islam_realitas/article/view/3
Rahayu, N. S., & Kusumaningrum, R. S. D. (2015). Kontribusi Lembaga Keuangan Mikro Syariah Terhadap Pemberdayaan Perempuan (Studi Kasus BMT di Kabupaten Sleman Yogyakarta). Asian Journal of Innovation and Entrepreneurship, 4(03), 162-180. Retrieved from https://journal.uii.ac.id/ajie/article/view/4066
Rahim, A. (2015). Konsep Bunga Dan Prinsip Ekonomi Islam Dalam Perbankan Syariah. HUMAN FALAH: Jurnal Ekonomi dan Bisnis Islam, 2(2), 1-15. Retrieved from http://jurnal.uinsu.ac.id/index.php/humanfalah/article/view/184
Sarah, H. (2015). Dampak branchless banking terhadap kinerja keuangan PT bank muamalat indonesia Tbk. Al-Muzara'ah, 3(2), 136-157. https://doi.org/10.29244/jam.3.2.136-157
Setiawan, A. B. (2006). Perbankan Syariah: Challenges dan Opportunity untuk Pengembangan di Indonesia. Jurnal Kordinat, 8(1), 1-42. Retrieved from https://s3.amazonaws.com/academia.edu.documents/33381937/Perbankan_Syariah__Challenges_dan_Opportunity_Untuk_Pengembangan_di_Indonesia-libre.pdf?response-content-
Sila, M. A. (2014). Lembaga Keuangan Mikro dan Pengentasan Kemiskinan: Kasus Lumbung Pitih Nagari di Padang. MASYARAKAT: Jurnal Sosiologi, 1-19. https://doi/org/10.7454/mjs.v15i1.3699
Shawtari, F. A., Ariff, M., & Razak, S. H. A. (2015). Efficiency assessment of banking sector in Yemen using data envelopment window analysis. Benchmarking: An International Journal, 22(6), 1115-1140. https://doi.org/10.1108/BIJ-10-2014-0097
Shawtari, F. A., Saiti, B., Razak, S. H. A., & Ariff, M. (2015). The impact of efficiency on discretionary loans/finance loss provision: A comparative study of Islamic and conventional banks. Borsa Istanbul Review, 15(4), 272-282. https://doi.org/10.1016/j.bir.2015.06.002
Sufian, F., & Majid, M. Z. A. (2007). Bank mergers performance and the determinants of Singaporean banks’ efficiency. Gadjah Mada International Journal of Business, 9(1), 19-39. Retrieved from https://pdfs.semanticscholar.org/046f/936001d30adc106d1e7a6a953ef819137445.pdf
Suardi, W., & Yusuf, S. (2017). Program Sertifikasi dan Komitmen Guru: Aplikasi Regression Discontinuity Design (RDD). Jurnal Ekubis, 1(2), 1-18. Retrieved from https://www.researchgate.net/profile/Fakultas_Ekonomi_Uninus/publication/322208067_JURNAL_EKUBIS_VOLUME_1_NO_2-2017/links/5a4b7e77a6fdcce19721ff35/JURNAL-EKUBIS-VOLUME-1-NO-2-2017.pdf
Suci, Y. R. (2017). Perkembangan UMKM (Usaha mikro kecil dan menengah) di Indonesia. Cano Ekonomos, 6(1), 51-58. Retrieved from https://www.neliti.com/publications/58432/perkembangan-umkm-usaha-mikro-kecil-dan-menengah-di-indonesia
Sukandar, B. M., Achsani, N. A., Sembel, R., & Sartono, B. (2018). Efisiensi perusahaan konstruksi di Indonesia. MIX: Jurnal Ilmiah Manajemen, 8(3), 628-639. https://doi.org/10.22441/mix.2018.v8i3.011
Suprihadi, S. (2019). Analisis potensi Daerah (Makro Ekonomi) terhadap Kelayakan pendirian PT. BPR Arta Waringin Jaya Situbondo di Wilayah Kabupaten Banyuwangi. Jurnal Ilmiah Bisnis Dan Ekonomi Asia, 13(2), 46-60. https://doi.org/10.32812/jibeka.v13i2.102
Suryanto, D. A., & Ruchiyat, E. (2019). Pengembangan Dan Peningkatan Kinerja Bank Pembiayaan Rakyat Syariah (Bprs) Daarut Tauhid Dalam Rangka Meningkatkan Kesejahteraan Umat. Dharma Bhakti Ekuitas, 4(1). Retrieved from http://ojs.ekuitas.ac.id/index.php/dharma-bhakti/article/view/157
Susila, J. (2017). Fiduciary dalam produk-produk perbankan syariah. Al-Ahkam: Jurnal Ilmu Syari'ah dan Hukum, 2(2), 1-10. Retrieved from http://ejournal.iainsurakarta.ac.id/index.php/al-ahkam/article/view/497
Susilo, Y. S. (2010). Peran perbankan dalam pembiayaan UMKM di provinsi DIY. Jurnal keuangan dan perbankan, 14(3), 467-478. Retrieved from http://jurnal.unmer.ac.id/index.php/jkdp/article/view/988
Tambunan, T. (2019). Recent evidence of the development of micro, small and medium enterprises in Indonesia. Journal of Global Entrepreneurship Research, 9(18), 1-18. https://doi.org/10.1186/s40497-018-0140-4
Taktak, N. B., Hamza, H., & Kachtouli, S. (2014). Competitive conditions and market power of Islamic and conventional commercial banks. Journal of Islamic Accounting and Business Research. 5(1), 29-46. https://doi.org/10.1108/JIABR-05-2012-0030
Tone, K. (2001). A slacks-based measure of efficiency in data envelopment analysis. European Journal of Operational Research, 130(3), 498-509. https://doi.org/10.1016/S0377-2217(99)00407-5
Wahyuningsih, D., Titik, C. S., & Oktavianti, H. (2014). Analisis prilaku nasabah dalam pembiayaan di Bank Syariah Mandiri. Media Trend, 9(1). Retrieved from https://journal.trunojoyo.ac.id/mediatrend/article/viewFile/771/679
Wardhany, N. K., & Arshad, S. (2015). The Contribution of Islamic Banking to Indonesia’s Economic Growth: The Evidence from the Vector Error Correction and Variance Decomposition Methods. Journal of Management and Business Administration. Central Europe, 23(3), 89-104. https://doi.org/10.7206/mba.ce.2084-3356.152
Widiarti, A. W., Siregar, H., & Andati, T. (2015). The Determinants of Bank's Efficiency in Indonesia. Buletin Ekonomi Moneter dan Perbankan, 18(2), 129-156. https://doi.org/10.21098/bemp.v18i2.520
Widyastuti, R. S., & Armanto, B. (2013). Banking industry competition in Indonesia. Buletin Ekonomi Moneter dan Perbankan, 15(4), 401-434. Retrieved from http://lib.ibs.ac.id/materi/BI%20Corner/Terbitan%20BI/Jurnal%20Ekonomi/BEMP%20Tahun%202013/2.%20BEMP%20Vol%2015%20No%204%20April%202013.pdf#page=89
Yang, C., & Lu, W. M. (2006). A Macro Analysis Of Taiwan's International Tourist Hotel Industry By Using The Sliding Window Method. Journal of the Operations Research Society of Japan, 49(3), 238-255. https://doi.org/10.15807/jorsj.49.238
Yudistira, D. (2004). Efficiency in Islamic banking: An empirical analysis of eighteen banks. Islamic Economic Studies, 12(1), 1-19. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3164166
Yuta, R. & Suhartini, A. M. (2014). Keterkaitan Lembaga Keuangan Mikro (LKM), Usaha Mikro dan Kecil (UMK) serta Kemiskinan di Indonesia Tahun 2012. Jurnal Ekonomi Kuantitatif Terapan, 7(2), 44318. Retrieved from https://ojs.unud.ac.id/index.php/jekt/article/view/16439/10775
Downloads
Published
How to Cite
Issue
Section
License
Authors who publish with this journal agree to the following terms:- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
