Main Article Content
Abstract
Purpose − This study aims to measure and compare the efficiency of Islamic and conventional banks in Indonesia and Malaysia, from 2015 to 2020.
Methodology − Data Envelopment Analysis (DEA) was employed as a research method for measuring efficiency. The DEA results are also used to identify input or output variables that must be improved if the Decision-Making Unit (DMU) needs to improve efficiency in form of potential improvement.
Findings − This study shows that Covid-19 had an impact on decreasing the efficiency level of Indonesian and Malaysian Banks. This study also shows that Indonesian Banks are relatively efficient compared to Malaysian Banks. Nevertheless, Islamic bank is more affected by Covid-19 compared to conventional. In addition, the most important variable performance to be improved by banks during the Covid-19 pandemic is total financing.
Implication − It can be used as a guideline for both nations to improve their shortcomings in each type of bank and to strengthen the banking system during economic downturns in order to speed up the recovery process.
Originality − This is the initial study to examine the banking efficiency of Indonesia and Malaysia during the covid pandemic-induced economic crisis. As a result, it is expected to capture the impact of the covid-19 epidemic on banking efficiency.
Article Details
Copyright (c) 2022 Ririn Riani, Ihsanul Ikhwan
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References
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References
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Devi, A., & Firmansyah, I. (2020). Efficiency determinant analysis in Islamic bank in Indonesia. Muqtasid: Jurnal Ekonomi dan Perbankan Islam, 11(2), 11–13. https://doi.org/10.18326/.v11i2.104-116
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Hassan, M. K., Rabbani, M. R., & Abdulla, Y. (2021). Socioeconomic impact of Covid-19 in MENA region and the role of Islamic finance. International Journal of Islamic Economics and Finance (IJIEF), 4(1), 51–78. https://doi.org/10.18196/ijief.v4i1.10466
Hendrawan, R., & Nasution, A. A. (2018). Assessing banking profit efficiency using stochastic frontier analysis. GATR Journal of Finance and Banking Review, 3(4), 67–76. https://doi.org/10.35609/JFBR.2018.3.4(5)
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How, J. C. Y., Karim, M. A., & Verhoeven, P. (2005). Islamic financing and bank risks: The case of Malaysia. Thunderbird International Business Review, 47(1), 75–94. https://doi.org/10.1002/tie.20041
Ikra, S. S., Rahman, M. A., Wanke, P., & Azad, M. A. K. (2021). Islamic banking efficiency literature (2000–2020): A bibliometric analysis and research front mapping. International Journal of Islamic and Middle Eastern Finance and Management. Vol. 14 No. 5, pp. 1043-1060. https://doi.org/10.1108/IMEFM-05-2020-0226
Isik, I., & Uygur, O. (2021). Financial crises, bank efficiency and survival: Theory, literature and emerging market evidence. International Review of Economics and Finance, 76. https://doi.org/10.1016/j.iref.2021.07.016
Jamaruddin, W. N., & Markom, R. (2020). The application of fintech in the operation of Islamic banking. Syariah and Law in Facing Covid-19: The Way Forward, 3(1), 31–43. https://insla.usim.edu.my/index.php/eproceeding/article/view/16
Johnes, J., Izzeldin, M., & Pappas, V. (2014). A comparison of performance of Islamic and conventional banks 2004-2009. Journal of Economic Behavior and Organization, 103, 1–15. https://doi.org/10.1016/j.jebo.2013.07.016
Kalirajan, K. P., & Shand, R. T. (1999). Frontier production functions and technical efficiency measures. Journal of Economic Surveys, 13(2), 149–172. https://doi.org/10.1111/1467-6419.00080
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Loong, F., Kamarudin, F., Sufian, F., & Naseem, N. A. M. (2017). Estimating efficiency in domestic and foreign Islamic banking and its determinants among three neighboring countries - Malaysia, Indonesia and Brunei. International Journal of Economics and Management, 11(1), 237–258. http://www.ijem.upm.edu.my/vol11no1/(13)-Paper%2013%20Final-IJEM%2011(1),2017_Estimating%20Efficiency....pdf
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