Impact of Intellectual Capital, Islamicity Performance Index, and Corporate Governance on Bank Profitability: Empirical Evidence from Indonesian Islamic Commercial Banks:

Zoramchev Akbar; Sigit Hermawan

doi:10.21070/ijis.v11i2.1666

(1) Zoramchev Akbar Universitas Muhammadiyah Sidoarjo
Indonesia
(2) * Sigit Hermawan universitas muhammadiyah sidoarjo
Indonesia
(*) Corresponding Author

DOI: https://doi.org/10.21070/ijis.v11i2.1666

Abstract

This quantitative study aims to analyze the influence of Intellectual Capital, Islamicity Performance Index, and Good Corporate Governance on Bank Profitability, specifically focusing on Islamic Commercial Banks in Indonesia from 2016 to 2021. The sample selection utilized the Purposive Sampling method, resulting in a total of eight companies being included. Multiple linear regression analysis was employed to examine the effect of each variable on Return On Assets (ROA). The findings indicate that Intellectual Capital has a significant impact on ROA, while Profit Sharing Ratio does not affect ROA. Furthermore, Zakat Performance Ratio, Sharia Supervisory Board, and Audit Committee were found to have a significant influence on ROA. Data for this study were collected from secondary sources, primarily financial reports and published Good Corporate Governance disclosures on the respective websites of Indonesian Islamic Commercial Banks. The research contributes to the understanding of factors influencing bank profitability and provides valuable insights for policymakers, practitioners, and researchers in the field of Islamic finance and banking.

Highlight:

Intellectual Capital, Zakat Performance Ratio, Sharia Supervisory Board, and Audit Committee have a significant impact on Return on Assets, influencing bank profitability.
Profit Sharing Ratio does not affect Return on Assets, indicating its limited influence on bank profitability.
This study provides empirical evidence on the relationship between various factors, such as Intellectual Capital and corporate governance, and their impact on bank profitability in the context of Islamic Commercial Banks in Indonesia.

Keyword: Bank Profitability, Intellectual Capital, Islamicity Performance Index, Good Corporate Governance, Return on Assets

References

A. Rama, "Analisis Deskriptif Perkembangan Perbankan Syariah Di Asia Tenggara," J. Tauhidinomics, vol. 1, no. 1, pp. 1-25, 2015.

A. Committee, "Komite Audit," 2015.

A. Arianto, "Pengaruh Ukuran Perusahaan, Return On Assets (Roa), Dan Keputusan Investasi Terhadap Nilai Perusahaan (Studi Empiris Pada Perusahaan Manufaktur Sektor Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Periode 2017-2019)," J. Akunt., vol. 1, no. 1, pp. 22-32, 2022.

E. K. Dewi and A. Astari, "Peran Pembiayaan Mudharabah Dalam Pengembangan Kinerja Usaha Mikro Pada Bmt (Baitul Maal Wat Tamwil)," Law Justice, vol. 2, no. 2, pp. 113-123, 2018. doi: 10.23917/Laj.V2i2.5142.

H. A. Maith, "Analisis Laporan Keuangan Dalam Mengukur Kinerja Keuangan Pada Pt. Hanjaya Mandala Sampoerna Tbk.," J. Ris. Ekon. Manajemen, Bisnis Dan Akunt., vol. 1, no. 3, 2013. doi: 10.35794/Emba.V1i3.2130.

H. Manoppo and F. Arie, "Pengaruh Struktur Modal, Ukuran Perusahaan Dan Profitabilitas Terhadap Nilai Perusahaan Otomotif Yang Terdaftar Di Bursa Efek Indonesia Periode 2011-2014," J. Ris. Ekon. Manajemen, Bisnis Dan Akunt., vol. 4, no. 2, pp. 485-497, 2016.

H. P. Dewanata and G. N. Ahmad, "Pengaruh Intellectual Capital, Profit Sharing Ratio, Zakat Perforamnce Ratio, Dan Equitable Distributiom Ratio Terhadap Kinerja Bank Syariah," 2016.

I. Ulum, A. W. Jati, M. I. Audina, and A. Prasetyo, "The Influence Of Firm‟S Characteristics On The Level Of Intellectual Capital Disclosure Of Indonesian Islamic Banking," Adv. Econ. Bus. Manag. Res. vol. 136. Atl. Press., 2020.

I. Ghozali, Aplikasi Analisis Multivariete Dengan Program Ibm Spss 23, Cetakan Vi. Semarang: Badan Penerbit Universitas Diponegoro, 2016.

I. Ulum and P. Fitri Wijayanti, "Intellectual Capital Disclosure Of Muhammadiyah Universities: Evidence From 4icu 2018," J. Account. Invest., vol. 20, no. 1, 2018. doi: 10.18196/Jai.2001113.

I. Ulum, "Konstruksi Komponen Intellectual Capital Untuk Perguruan Tinggi Di Indonesia," Jurnal Reviu Akuntansi dan Keuangan, vol. 2, no. 2, pp. 251-262, 2012. [Online]. Available: https://doi.org/10.1016/S0167-9473(97)//00038-8.

I. Ghozali, "Aplikasi Analisis Multivariate Dengan Program IBM SPSS 23," Semarang: Badan Penerbit Universitas Diponegoro, 2018.

I. Ghozali, "Metode Penelitian," J. Chem. Inf. Model., vol. 53, no. 9, pp. 1689-1699, 2018.

Ilhami, "Pertanggungjawaban Dewan Pengurus Syariah Sebagai Otoritas Pengawas Kepatuhan Syariah Bagi Bank Syariah," Jurnal Mimbar Hukum, vol. 21, no. 3, 2009.

L. Hanum, F. I. Azra, and D. Areva, "Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Dengan Corporate Social Responsibility (CSR) Sebagai Variabel Moderasi (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di BEI)," Pengaruh Good Corp. Gov. Terhadap Nilai Perusah. Dengan Corp. Soc. Responsib. Sebagai Var. Moderasi (Studi Empiris Pada Perusah. Manufaktur Yang Terdaftar Di BEI), pp. 1-7, 2012.

M. Aghnia, "Analisis Faktor-Faktor Yang Mempengaruhi Simpanan Mudharabah Bank Syariah Mandiri 2006-2013," Econ. Dev. Anal. J., vol. 4, no. 2, pp. 143-150, 2017. [Online]. Available: https://doi.org/10.15294/Edaj.V4i2.14815.

Mutiara, "Pengaruh Efektivitas Komite Audit Terhadap Kinerja Keuangan Dengan Kualitas Integrated Reporting Sebagai Variabel Intervening," Skripsi, 2019.

N. G. Giannini, "Faktor Yang Mempengaruhi Pembiayaan Murabahah Pada Bank Umum Syariah Di Indonesia," Account. Anal. J., vol. 2, no. 1, pp. 1-4, 2013. [Online]. Available: https://doi.org/10.15294/Aaj.V2i1.1179.

Republik Indonesia, "Undang-Undang Nomor 21 Tahun 2008 Tentang Perbankan Syariah," 2008.

Sugiyono, "Metode Penelitian Kuantitatif Kualitatif R&B," Bandung: Aflabeta, 2015.

Sugiyono, "Metode Penelitian Bisnis," Bandung: CV Alfabeta, 2017.

Sugiyono, "Metode Penelitian Kuantitatif, Kualitatif, dan R

Sugiyono, "Metode Penelitian Pendidikan Pendekatan Kuantitatif, Kualitatif Dan R&D," Bandung: Alfabeta, 2014.

S. Juliana and A. S. Mulazid, "Analisa Pengaruh Bopo, Kecukupan Modal, Pembiayaan Bermasalah, Bagi Hasil Dan Profitabilitas Terhadap Simpanan Mudharabah Pada Bank Umum Syariah Periode 2011-2015," 2017.

V. Setyawati, R. Arifati, and R. Andini, "Pengaruh Suku Bunga Acuan, Bagi Hasil, Inflasi, Ukuran Bank, Npf, Dan Biaya Promosi Terhadap Simpanan Mudharabah Pada Bank Syariah Di Indonesia Tahun 2010-2014," J. Account., vol. 2, no. 2, pp. 1-12, 2016.

W. K. Wardhani, K. H. Titisari, and S. Suhendro, "Pengaruh Profitabilitas, Struktur Modal, Ukuran Perusahaan, Dan Good Corporate Governance Terhadap Nilai Perusahaan," Ekon. J. Econ. Bus., vol. 5, no. 1, p. 37, 2021. [Online]. Available: https://doi.org/10.33087/Ekonomis.V5i1.264.

Impact of Intellectual Capital, Islamicity Performance Index, and Corporate Governance on Bank Profitability: Empirical Evidence from Indonesian Islamic Commercial Banks

Pengaruh Modal Intelektual, Islamicity Performance Index, dan Tata Kelola Perusahaan terhadap Profitabilitas Bank: Bukti Empiris dari Bank Umum Syariah di Indonesia

Abstract

References