Efficiency is one of the parameters to measure the performance of the banking industry. This pape... more Efficiency is one of the parameters to measure the performance of the banking industry. This paper is using three stages to find out how the conditions of efficiency level of Islamic banking. Frontier and Stochastic Frontier Approaches are used to calculate the efficiency level and then averaged. Last, the determinants of efficiency were conducted by the Tobit Model. The data are 7 Sharia Commercial Banks during the period 2010 to 2017 which are chosen by purposive sampling. The study found the average efficiency level is 83.51% and is classified as less efficient. The Tobit model showed that all of the variables have not significant effect on efficiency level Islamic banking, except the ROA.
Penelitian ini bertujuan untuk membobot komponen-komponen penyusun Maqasid based Performance Eval... more Penelitian ini bertujuan untuk membobot komponen-komponen penyusun Maqasid based Performance Evaluation Model (MPEM) dan menguji MPEM yang telah di bobot tersebut untuk mengukur kinerja 18 bank syariah dari 9 negara yaitu, Saudi Arabia, Indonesia, Malaysia, Bahrain, Bangladesh, Uni Emirat Arab, Qatar, Kuwait dan Pakistan. Data dalam penelitian ini dikumpulkan dengan 2 cara berbeda sesuai tujuan penelitiannya. Untuk tujuan pembobotan, data dikumpulkan melalui kuesioner yang dikirimkan kepada akademisi dan profesional perbankan syariah. Untuk tujuan pengujian, data dikumpulkan dari laporan tahunan yang dipublikasikan oleh bank syariah atau bank sentral negaranya. Metode convenience sampling digunakan, sehing ga baik sampel responden maupun sampel bank syariah dipilih berdasarkan kem udahan aksesnya terhadap peneliti. Datta dianalisis menggunakan metode Simple Additive Weighting (SAW). Hasil penelitian ini adalah 1) bobot dari tiap komponen MPEM dan 2) peringkat kinerja maqasid al-shar...
The objective of this research isto analyzed factors influence the disclosure of Islamic Social R... more The objective of this research isto analyzed factors influence the disclosure of Islamic Social Reporting (ISR) in Islamic Banks. Independent variables in this reseach i.e financial performance, company size, company age and Islamic governance score. The populations in this study are Islamic banks from Indonesiaand Malaysia for 2013-2017.The samples selected was 20 syariah banks using purposive sampling method. Data analysis technique used in this research is multiple linear regression analysis. The result of this study shows companysize, company age and the Islamic Governance Score are significantly influence of the disclosure of Islamic Social Reporting (ISR), while liquidity does not influence the disclosure of Islamic Social Reporting (ISR).
This study aims to examine the influence of sharia compliance and Islamic Corporate Governance ag... more This study aims to examine the influence of sharia compliance and Islamic Corporate Governance against fraud in Islamic banks. Independent variables used are sharia compliance with the Islamic Income Ratio, Profit Sharing Ratio and Islamic Investment Ratio as a proxy and Islamic Corporate Governance. The dependent variable used is fraud in Islamic banks. The population in this study are all Islamic Banks (BUS) which is registered in Bank Indonesia in the period 2010 to 2014. The sample was selected using purposive sampling method. Total samples used in this study were 8 Islamic Banks with 5-year study period. The analytical method used in this study is multiple regression were processed using SPSS version 22. The results of this study indicate that the sharia compliance with the Profit Sharing Ratio as a proxy, is significant negative effect on Islamic bank’sfraud while Islamic Income Ratio, Islamic Investment Ratio and Islamic Corporate Governance had no effect on fraud in I...
The purpose of this research is to describe the financial management of mosques in Jabodetabek (J... more The purpose of this research is to describe the financial management of mosques in Jabodetabek (Jakarta, Bogor, Tangerang and Bekasi). Financial management in terms of the preparation of financial statements, types of financial statements made, media publication of financial statement, bank accounts owned by mosques, types of sources of mosque fund receipts and audits of mosque financial statements. This research uses quota sampling. There are 185 districts in the Jabodetabek area, and the sample of mosques from 40 sub-districts is determined. Samples were taken randomly as many as 3 mosques per district. Data sources come from interviews with mosque finance managers. Number of sample in this research is 116 mosques. The results showed that most of the mosques already had financial statements. The types of financial statements that are made mostly are only cash reports. Publication of financial statement to worshipers, mostly by announcing at Friday prayers. The account owned by the...
The purpose of this research was to analyze whether there are differences the performance of Isla... more The purpose of this research was to analyze whether there are differences the performance of Islamic banking in Asia, based on the concept of Maqasid al-Shari’ah, using MI (Maqasid Index) value. This research was using data from financial report and annual report which were provided by each Islamic bank sample. This research was using 3 samples of Islamic banks for each country (Indonesia, Malaysia, Iran, Saudi Arabia, United Arab Emirates, Kuwait, and Qatar), so the total sample of Islamic banks were 21 Islamic banks. The total observation were 63 during three years period (2013-2015). The Kolmogorov-Smirnov tests were used to test the normality of data and the hypothesis testing was using Analysis of Variance (ANOVA). The result of this research showed that MI value, second sharia objectives called establishing justice, and third sharia objectives called public interest in Islamic banking in Indonesia showed no significant difference with Islamic banking in Malaysia, Iran, Saudi A...
This research aims to test university accounting students perception in tax evasion, which the re... more This research aims to test university accounting students perception in tax evasion, which the respondents in this research were undergraduate and graduate accounting students in Jakarta. Total sample of this research was 121 respondents. The determination method sample that used is purposive sampling with judgement sampling, to test the hypothesis in this research.Researchers use different independent samplet-test. This research shows that there is no different perception between undergraduate and graduate accounting students in terms of tax evasion.
Audit Opinion and Disclosure of District Government's Financial Statements and Related with Corru... more Audit Opinion and Disclosure of District Government's Financial Statements and Related with Corruption in Indonesia. The study examined the relationship between the areas of financial reporting quality proxy by the audit opinion of the financial statements and the disclosure of local government (LKPD) districts, as well as the level of corruption in Indonesia. Study is qualitative and descriptive content analysis method (content) to process the data. The results of this study indicate that the quality of reporting of financial statements has increased as indicated by the improvement in the audit opinion above LKPD district in Indonesia. The second finding shows there is no link between the financial statement disclosures local government district with the opinion given by the BPK. The third findings showed case of corruption in Indonesian is increasing. The findings of the fourth, the disclosure of financial statements and audit opinions district has associated with the level of corruption in Indonesia. Abstrak. Opini Audit dan Pengungkapan Atas Laporan Keuangan Pemerintah Kabupaten Serta Kaitannya Dengan Korupsi di Indonesia. Penelitian ini memeriksa keterkaitan antara kualitas pelaporan keuangan daerah yang diproksikan dengan opini audit dan pengungkapan laporan keuangan pemerintah daerah (LKPD) kabupaten, serta tingkat korupsi di Indonesia. Penelitian ini bersifat kualitatif deskriptif dan menggunakan metode analisis isi (konten) untuk mengolah data. Hasil penelitian ini menunjukkan bahwa kualitas pelaporan laporan keuangan semakin meningkat yang ditunjukkan dengan membaiknya opini audit atas LKPD Kabupaten di Indonesia. Temuan kedua menunjukkan tidak terdapat kaitan antara pengungkapan laporan keuangan pemerintah daerah kabupaten dengan opini yang diberikan oleh BPK. Temuan ketiga memperlihatkan perkembangan kasus korupsi di Indonesia semakin bertambah. Temuan keempat, pengungkapan laporan keuangan daerah kabupaten dan opini audit memiliki keterkaitan dengan tingkat korupsi di Indonesia. Kata Kunci: opini audit, pengungkapan, korupsi, analisis isi
This study aims to determine the difference of market reaction before and after the announcement ... more This study aims to determine the difference of market reaction before and after the announcement of unqualified audit opinion (WTP) on the companies that included in the index LQ 45 period of 2012-2014. This study was performed on 66 samples that announced WTP audit opinion on the annual financial statements for the years ended 2011-2013. The statistical method used is T-test Paired Samples (t-test) with event period for 15 days, namely is 7 trading days before until 7 days after the announcement of WTP audit opinion. The results of this study showed that there was no significant difference of market reaction seen from Average Abnormal Return before and after the announcement of WTP audit report (Unqualified Audit Report). This was showed from the results of Paired Samples Test, with the number of t-test results is-1.502 and a significance value of 0.138, or in other word the significance value is > α (0.138 > 0.05), this mean rejecting Ha. Based on the results of this hypothesis testing can be concluded that investors reacted negatively upon the announcement of WTP audit report conducted by the companies whose the shares listed in LQ 45 Index period of 2012-2014. This result indicated that the information of unqualified audit opinion report (WTP) was not used by the investors as one of reference in taking investment decisions. Abstrak: Penelitian ini bertujuan untuk mengetahui perbedaan reaksi pasar sebelum dansetelah pengumuman opini audit Wajar Tanpa Pengecualian (WTP) pada perusahaan yang termasuk dalam index LQ 45 periode 2012-2014. Penelitian ini dilakukan pada 66 sampel yang mengumumkan opini audit WTP pada laporan keuangan tahunan yang berakhir pada tahun 2011-2013. Metode statistik yang digunakan adalah uji Paired Samples T-test (uji-t) dengan event period selam 15 hari, yaitu 7 hari bursa sebelum sampai 7 hari setelah pengumuman opini audit WTP. Hasil penelitian ini menunjukkan bahwa tidak terdapat perbedaan reaksi pasar yang signifikan dilihat dari Average Abnormal Return sebelum dan setelah pengumuman laporan audit WTP (Wajar Tanpa Pengencualian). Hal ini terlihat dari hasil uji Paired Samples Test, dengan perolehan hasil uji t-hitung sebesar-1.502 dan nilai signifikansi sebesar 0,138, atau dengan kata lain nilai signifikansi > α (0,138> 0,05), ini berarti menolak Ha. Berdasarkan hasil uj i hipotesis ini dapat diambil kesimpulan bahwa investor bereaksi negatif atas adanya pengumuman laporan audit WTP yang dilakukan perusahaan-perusahaan yang sahamnya terdaftar dalam Index LQ 45 periode 2012-2014. Hasil ini menunjukkan bahwa informasi laporan opini audit Wajar Tanpa Pengecualian (WTP) tidak dijadikan oleh para investor sebagai salah satu referensi dalam pengambilan keputusan investasi.
This research examines the effect of audit committee role and sharia supervisory board role on fi... more This research examines the effect of audit committee role and sharia supervisory board role on financial reporting quality. The data is provided from 33 Islamic banks in Indonesia that were taken by questionnaire from 173 employees (head of group, head of division, and internal auditor), audit committee members, and sharia supervisory board members. The questionnaire consisted of 51 questions. Research instrument contains 15 questions about audit committee role, with two dimensions (role related financial reporting quality and role related internal control); 12 questions about sharia supervisory board role, with two dimensions (control over process of new product development and control over bank activity); and 24 questions on financial reporting quality, with eight dimensions (timeliness, verifiability, completeness, representation faithfulness, neutrality, comparability, consistency and clarity). Data analysis used multiple regressions. The result of this research showed that audit committee role and sharia supervisory board role influenced financial reporting quality simultaneously and partially.
Efficiency is one of the parameters to measure the performance of the banking industry. This pape... more Efficiency is one of the parameters to measure the performance of the banking industry. This paper is using three stages to find out how the conditions of efficiency level of Islamic banking. Frontier and Stochastic Frontier Approaches are used to calculate the efficiency level and then averaged. Last, the determinants of efficiency were conducted by the Tobit Model. The data are 7 Sharia Commercial Banks during the period 2010 to 2017 which are chosen by purposive sampling. The study found the average efficiency level is 83.51% and is classified as less efficient. The Tobit model showed that all of the variables have not significant effect on efficiency level Islamic banking, except the ROA.
Penelitian ini bertujuan untuk membobot komponen-komponen penyusun Maqasid based Performance Eval... more Penelitian ini bertujuan untuk membobot komponen-komponen penyusun Maqasid based Performance Evaluation Model (MPEM) dan menguji MPEM yang telah di bobot tersebut untuk mengukur kinerja 18 bank syariah dari 9 negara yaitu, Saudi Arabia, Indonesia, Malaysia, Bahrain, Bangladesh, Uni Emirat Arab, Qatar, Kuwait dan Pakistan. Data dalam penelitian ini dikumpulkan dengan 2 cara berbeda sesuai tujuan penelitiannya. Untuk tujuan pembobotan, data dikumpulkan melalui kuesioner yang dikirimkan kepada akademisi dan profesional perbankan syariah. Untuk tujuan pengujian, data dikumpulkan dari laporan tahunan yang dipublikasikan oleh bank syariah atau bank sentral negaranya. Metode convenience sampling digunakan, sehing ga baik sampel responden maupun sampel bank syariah dipilih berdasarkan kem udahan aksesnya terhadap peneliti. Datta dianalisis menggunakan metode Simple Additive Weighting (SAW). Hasil penelitian ini adalah 1) bobot dari tiap komponen MPEM dan 2) peringkat kinerja maqasid al-shar...
The objective of this research isto analyzed factors influence the disclosure of Islamic Social R... more The objective of this research isto analyzed factors influence the disclosure of Islamic Social Reporting (ISR) in Islamic Banks. Independent variables in this reseach i.e financial performance, company size, company age and Islamic governance score. The populations in this study are Islamic banks from Indonesiaand Malaysia for 2013-2017.The samples selected was 20 syariah banks using purposive sampling method. Data analysis technique used in this research is multiple linear regression analysis. The result of this study shows companysize, company age and the Islamic Governance Score are significantly influence of the disclosure of Islamic Social Reporting (ISR), while liquidity does not influence the disclosure of Islamic Social Reporting (ISR).
This study aims to examine the influence of sharia compliance and Islamic Corporate Governance ag... more This study aims to examine the influence of sharia compliance and Islamic Corporate Governance against fraud in Islamic banks. Independent variables used are sharia compliance with the Islamic Income Ratio, Profit Sharing Ratio and Islamic Investment Ratio as a proxy and Islamic Corporate Governance. The dependent variable used is fraud in Islamic banks. The population in this study are all Islamic Banks (BUS) which is registered in Bank Indonesia in the period 2010 to 2014. The sample was selected using purposive sampling method. Total samples used in this study were 8 Islamic Banks with 5-year study period. The analytical method used in this study is multiple regression were processed using SPSS version 22. The results of this study indicate that the sharia compliance with the Profit Sharing Ratio as a proxy, is significant negative effect on Islamic bank’sfraud while Islamic Income Ratio, Islamic Investment Ratio and Islamic Corporate Governance had no effect on fraud in I...
The purpose of this research is to describe the financial management of mosques in Jabodetabek (J... more The purpose of this research is to describe the financial management of mosques in Jabodetabek (Jakarta, Bogor, Tangerang and Bekasi). Financial management in terms of the preparation of financial statements, types of financial statements made, media publication of financial statement, bank accounts owned by mosques, types of sources of mosque fund receipts and audits of mosque financial statements. This research uses quota sampling. There are 185 districts in the Jabodetabek area, and the sample of mosques from 40 sub-districts is determined. Samples were taken randomly as many as 3 mosques per district. Data sources come from interviews with mosque finance managers. Number of sample in this research is 116 mosques. The results showed that most of the mosques already had financial statements. The types of financial statements that are made mostly are only cash reports. Publication of financial statement to worshipers, mostly by announcing at Friday prayers. The account owned by the...
The purpose of this research was to analyze whether there are differences the performance of Isla... more The purpose of this research was to analyze whether there are differences the performance of Islamic banking in Asia, based on the concept of Maqasid al-Shari’ah, using MI (Maqasid Index) value. This research was using data from financial report and annual report which were provided by each Islamic bank sample. This research was using 3 samples of Islamic banks for each country (Indonesia, Malaysia, Iran, Saudi Arabia, United Arab Emirates, Kuwait, and Qatar), so the total sample of Islamic banks were 21 Islamic banks. The total observation were 63 during three years period (2013-2015). The Kolmogorov-Smirnov tests were used to test the normality of data and the hypothesis testing was using Analysis of Variance (ANOVA). The result of this research showed that MI value, second sharia objectives called establishing justice, and third sharia objectives called public interest in Islamic banking in Indonesia showed no significant difference with Islamic banking in Malaysia, Iran, Saudi A...
This research aims to test university accounting students perception in tax evasion, which the re... more This research aims to test university accounting students perception in tax evasion, which the respondents in this research were undergraduate and graduate accounting students in Jakarta. Total sample of this research was 121 respondents. The determination method sample that used is purposive sampling with judgement sampling, to test the hypothesis in this research.Researchers use different independent samplet-test. This research shows that there is no different perception between undergraduate and graduate accounting students in terms of tax evasion.
Audit Opinion and Disclosure of District Government's Financial Statements and Related with Corru... more Audit Opinion and Disclosure of District Government's Financial Statements and Related with Corruption in Indonesia. The study examined the relationship between the areas of financial reporting quality proxy by the audit opinion of the financial statements and the disclosure of local government (LKPD) districts, as well as the level of corruption in Indonesia. Study is qualitative and descriptive content analysis method (content) to process the data. The results of this study indicate that the quality of reporting of financial statements has increased as indicated by the improvement in the audit opinion above LKPD district in Indonesia. The second finding shows there is no link between the financial statement disclosures local government district with the opinion given by the BPK. The third findings showed case of corruption in Indonesian is increasing. The findings of the fourth, the disclosure of financial statements and audit opinions district has associated with the level of corruption in Indonesia. Abstrak. Opini Audit dan Pengungkapan Atas Laporan Keuangan Pemerintah Kabupaten Serta Kaitannya Dengan Korupsi di Indonesia. Penelitian ini memeriksa keterkaitan antara kualitas pelaporan keuangan daerah yang diproksikan dengan opini audit dan pengungkapan laporan keuangan pemerintah daerah (LKPD) kabupaten, serta tingkat korupsi di Indonesia. Penelitian ini bersifat kualitatif deskriptif dan menggunakan metode analisis isi (konten) untuk mengolah data. Hasil penelitian ini menunjukkan bahwa kualitas pelaporan laporan keuangan semakin meningkat yang ditunjukkan dengan membaiknya opini audit atas LKPD Kabupaten di Indonesia. Temuan kedua menunjukkan tidak terdapat kaitan antara pengungkapan laporan keuangan pemerintah daerah kabupaten dengan opini yang diberikan oleh BPK. Temuan ketiga memperlihatkan perkembangan kasus korupsi di Indonesia semakin bertambah. Temuan keempat, pengungkapan laporan keuangan daerah kabupaten dan opini audit memiliki keterkaitan dengan tingkat korupsi di Indonesia. Kata Kunci: opini audit, pengungkapan, korupsi, analisis isi
This study aims to determine the difference of market reaction before and after the announcement ... more This study aims to determine the difference of market reaction before and after the announcement of unqualified audit opinion (WTP) on the companies that included in the index LQ 45 period of 2012-2014. This study was performed on 66 samples that announced WTP audit opinion on the annual financial statements for the years ended 2011-2013. The statistical method used is T-test Paired Samples (t-test) with event period for 15 days, namely is 7 trading days before until 7 days after the announcement of WTP audit opinion. The results of this study showed that there was no significant difference of market reaction seen from Average Abnormal Return before and after the announcement of WTP audit report (Unqualified Audit Report). This was showed from the results of Paired Samples Test, with the number of t-test results is-1.502 and a significance value of 0.138, or in other word the significance value is > α (0.138 > 0.05), this mean rejecting Ha. Based on the results of this hypothesis testing can be concluded that investors reacted negatively upon the announcement of WTP audit report conducted by the companies whose the shares listed in LQ 45 Index period of 2012-2014. This result indicated that the information of unqualified audit opinion report (WTP) was not used by the investors as one of reference in taking investment decisions. Abstrak: Penelitian ini bertujuan untuk mengetahui perbedaan reaksi pasar sebelum dansetelah pengumuman opini audit Wajar Tanpa Pengecualian (WTP) pada perusahaan yang termasuk dalam index LQ 45 periode 2012-2014. Penelitian ini dilakukan pada 66 sampel yang mengumumkan opini audit WTP pada laporan keuangan tahunan yang berakhir pada tahun 2011-2013. Metode statistik yang digunakan adalah uji Paired Samples T-test (uji-t) dengan event period selam 15 hari, yaitu 7 hari bursa sebelum sampai 7 hari setelah pengumuman opini audit WTP. Hasil penelitian ini menunjukkan bahwa tidak terdapat perbedaan reaksi pasar yang signifikan dilihat dari Average Abnormal Return sebelum dan setelah pengumuman laporan audit WTP (Wajar Tanpa Pengencualian). Hal ini terlihat dari hasil uji Paired Samples Test, dengan perolehan hasil uji t-hitung sebesar-1.502 dan nilai signifikansi sebesar 0,138, atau dengan kata lain nilai signifikansi > α (0,138> 0,05), ini berarti menolak Ha. Berdasarkan hasil uj i hipotesis ini dapat diambil kesimpulan bahwa investor bereaksi negatif atas adanya pengumuman laporan audit WTP yang dilakukan perusahaan-perusahaan yang sahamnya terdaftar dalam Index LQ 45 periode 2012-2014. Hasil ini menunjukkan bahwa informasi laporan opini audit Wajar Tanpa Pengecualian (WTP) tidak dijadikan oleh para investor sebagai salah satu referensi dalam pengambilan keputusan investasi.
This research examines the effect of audit committee role and sharia supervisory board role on fi... more This research examines the effect of audit committee role and sharia supervisory board role on financial reporting quality. The data is provided from 33 Islamic banks in Indonesia that were taken by questionnaire from 173 employees (head of group, head of division, and internal auditor), audit committee members, and sharia supervisory board members. The questionnaire consisted of 51 questions. Research instrument contains 15 questions about audit committee role, with two dimensions (role related financial reporting quality and role related internal control); 12 questions about sharia supervisory board role, with two dimensions (control over process of new product development and control over bank activity); and 24 questions on financial reporting quality, with eight dimensions (timeliness, verifiability, completeness, representation faithfulness, neutrality, comparability, consistency and clarity). Data analysis used multiple regressions. The result of this research showed that audit committee role and sharia supervisory board role influenced financial reporting quality simultaneously and partially.
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