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Abstract
This study aims to analyze the efficiency of Islamic banking with a stochastic frontier analysis (SFA) on 10 Islamic banks from 2011 to 2018. The research variables consist of input variables total profits, third party funds and personnel expenses and output variable total financing and murabahah receivables. This research method uses SFA to measure the efficiency of Islamic banks and the influence between variables. The results of this study indicate the average efficiency of Islamic banks has not reached 100% or at 82.24%. Variable third party funds, personnel expenses have a positive effect on total profits while total financing and murabahah receivables have a negative effect on total profits.
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References
- Berger, A.N. & Mester, L.J. (1997). Inside the black box: what explain differences in the efficiencies of financial institution?. Working Paper Series the Wharton School University of Pennsylvania, 97-4, 1-59. Retrieved from: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.41.573&rep=rep1&type=pdf
- Effendi, Y. (2016). Measuring efficiency of the Indonesian Islamic banks. Kajian Ekonomi Keuangan, 20 (2), 133-148. DOI: 10.31685/kek.v20i2.185
- Eisazadeh, S.,Shaeri, Z., & Sina, A. (2012). An analysis of bank efficiency in the Middle East and North Africa. The International Journal of Banking and Finance, 9(4), 28-47. Retrieved from: http://ijbf.uum.edu.my/index.php/previous-issues/148-the-international-journal-of-banking-and-finance-ijbf-vol-9-no-4-2012.
- Hermawan, A. (2005). Penelitian bisnis paradigma kuantitatif. Jakarta: Gramedia Pustaka Utama.
- Hosen, M.N., & Muhari, S. (2013). Efficiency of the sharia rural bank in Indonesia lead to modified CAMEL. International Journal of Academic Research in Economics and Management Sciences, 2(5), 34-53. DOI: 10.6007/IJAREMS/v2-i5/298
- Mohamad, S., Hassan, T., & Bader, M.I. (2008). Efficiency of conventional versus Islamic banks: international evidence using the Stochastic Frontier Approach (SFA). Journal of Islamic Economics, Banking and Finance. 4 (1), 107-130. Retrieved from: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.453.6955&rep=rep1&type=pdf
- Mongid, A. & Muazaroh. (2017). On the nexus between risk taking and profitabilit: evidences from Indonesia. International Journal of Business and Society. 18 (2), 271-284. DOI: 10.33736/ijbs.483.2017.
- Muhari, S. & Hosen, M.N. (2014). Tingkat efisiensi BPRS di Indonesia: perbandingan metode SFA dengan DEA dan hubungannya dengan CAMEL. Jurnal Keuangan dan Perbankan, 18 (2), 307-328. Retrieved from: http://jurnal.unmer.ac.id/index.php/jkdp/article/view/811/460
- Naufal, F.M. & Firdaus, A. (2017). Analisis efisiensi Bank Pembiayaan Rakyat Syariah (BPRS) wilayah Jabodetabek dengan pendekatan two stage Data Envelopment Analysis (DEA). Equilibrium: Jurnal Ekonomi Syariah, 5 (2), 196- 220. DOI: 10.21043/equilibrium.v5i2.2612
- Nuryartono, N., Anggraenie, T. & Firdaus, R.S. (2012). Efficiency level of BPR: study of stochastic frontier analysis with an approach of time varying decay. International Research Journal of Finance and Economics. 85, 6-13. Retrieved from: http://www.internationalresearchjournaloffinanceandeconomics.com/
- Khalifaturofi’ah, S.O. (2018). Peningkatan daya saing perbankan melalui efisiensi biaya dengan metode stochastic frontier approach, INOBIS: Jurnal Inovasi Bisnis dan Manajemen Indonesia. 1(4), 434-444. DOI: 10.31842/jurnal-inobis.v1i4.49
- Rahmawati, R. (2015). Strategi peningkatan efisiensi biaya pada bank umum syariah berbasis stochastic frontier approach dan data envelopment analysis. Buletin Ekonomi Moneter dan Perbankan, 17 (4) , 457-480. DOI: 10.21098/bemp.v17i4.506
- Ramadhan, A., Purnomo, D., Muhtarom, M. & Chuzaimah, C. (2017). Mengukur tingkat efisiensi bank pembiayaan rakyat syariah dengan menggunakan Data Envelopment Analysis (DEA). CAKRAWALA: Jurnal Studi Islam, 12(2), 113-120. DOI: 10.31603/cakrawala.v12i2.1704.
- Suhel. (2011). Analisis efisiensi laba pada industri perbankan syariah di Indonesia dengan pendekatan Stochastic Frontier Approach (SFA). Journal of Economic & Development, 9 (1), 14 – 20. DOI: 10.29259/jep.v9i1.4998
- Tahir, I.,M., & Haron, S. (2010). Cost and profit efficiency of Islamic banks: international evidence using the stochastic frontier approach. Banks and Bank Systems, 5 (4), 78-83. Retrieved from: https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/3668/BBS_en_2010_4_Tahir.pdf
- Wahab. (2015). Analisis faktor-faktor yang mempengaruhi efisiensi bank umum syariah di Indonesia dengan pendekatan two stage stochastic frontier aproach (studi analisis di bank umum syariah). Economica: Jurnal Ekonomi Islam, 6(2) 57-76. DOI: 10.21580/economica.2015.6.2.794.
References
Berger, A.N. & Mester, L.J. (1997). Inside the black box: what explain differences in the efficiencies of financial institution?. Working Paper Series the Wharton School University of Pennsylvania, 97-4, 1-59. Retrieved from: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.41.573&rep=rep1&type=pdf
Effendi, Y. (2016). Measuring efficiency of the Indonesian Islamic banks. Kajian Ekonomi Keuangan, 20 (2), 133-148. DOI: 10.31685/kek.v20i2.185
Eisazadeh, S.,Shaeri, Z., & Sina, A. (2012). An analysis of bank efficiency in the Middle East and North Africa. The International Journal of Banking and Finance, 9(4), 28-47. Retrieved from: http://ijbf.uum.edu.my/index.php/previous-issues/148-the-international-journal-of-banking-and-finance-ijbf-vol-9-no-4-2012.
Hermawan, A. (2005). Penelitian bisnis paradigma kuantitatif. Jakarta: Gramedia Pustaka Utama.
Hosen, M.N., & Muhari, S. (2013). Efficiency of the sharia rural bank in Indonesia lead to modified CAMEL. International Journal of Academic Research in Economics and Management Sciences, 2(5), 34-53. DOI: 10.6007/IJAREMS/v2-i5/298
Mohamad, S., Hassan, T., & Bader, M.I. (2008). Efficiency of conventional versus Islamic banks: international evidence using the Stochastic Frontier Approach (SFA). Journal of Islamic Economics, Banking and Finance. 4 (1), 107-130. Retrieved from: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.453.6955&rep=rep1&type=pdf
Mongid, A. & Muazaroh. (2017). On the nexus between risk taking and profitabilit: evidences from Indonesia. International Journal of Business and Society. 18 (2), 271-284. DOI: 10.33736/ijbs.483.2017.
Muhari, S. & Hosen, M.N. (2014). Tingkat efisiensi BPRS di Indonesia: perbandingan metode SFA dengan DEA dan hubungannya dengan CAMEL. Jurnal Keuangan dan Perbankan, 18 (2), 307-328. Retrieved from: http://jurnal.unmer.ac.id/index.php/jkdp/article/view/811/460
Naufal, F.M. & Firdaus, A. (2017). Analisis efisiensi Bank Pembiayaan Rakyat Syariah (BPRS) wilayah Jabodetabek dengan pendekatan two stage Data Envelopment Analysis (DEA). Equilibrium: Jurnal Ekonomi Syariah, 5 (2), 196- 220. DOI: 10.21043/equilibrium.v5i2.2612
Nuryartono, N., Anggraenie, T. & Firdaus, R.S. (2012). Efficiency level of BPR: study of stochastic frontier analysis with an approach of time varying decay. International Research Journal of Finance and Economics. 85, 6-13. Retrieved from: http://www.internationalresearchjournaloffinanceandeconomics.com/
Khalifaturofi’ah, S.O. (2018). Peningkatan daya saing perbankan melalui efisiensi biaya dengan metode stochastic frontier approach, INOBIS: Jurnal Inovasi Bisnis dan Manajemen Indonesia. 1(4), 434-444. DOI: 10.31842/jurnal-inobis.v1i4.49
Rahmawati, R. (2015). Strategi peningkatan efisiensi biaya pada bank umum syariah berbasis stochastic frontier approach dan data envelopment analysis. Buletin Ekonomi Moneter dan Perbankan, 17 (4) , 457-480. DOI: 10.21098/bemp.v17i4.506
Ramadhan, A., Purnomo, D., Muhtarom, M. & Chuzaimah, C. (2017). Mengukur tingkat efisiensi bank pembiayaan rakyat syariah dengan menggunakan Data Envelopment Analysis (DEA). CAKRAWALA: Jurnal Studi Islam, 12(2), 113-120. DOI: 10.31603/cakrawala.v12i2.1704.
Suhel. (2011). Analisis efisiensi laba pada industri perbankan syariah di Indonesia dengan pendekatan Stochastic Frontier Approach (SFA). Journal of Economic & Development, 9 (1), 14 – 20. DOI: 10.29259/jep.v9i1.4998
Tahir, I.,M., & Haron, S. (2010). Cost and profit efficiency of Islamic banks: international evidence using the stochastic frontier approach. Banks and Bank Systems, 5 (4), 78-83. Retrieved from: https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/3668/BBS_en_2010_4_Tahir.pdf
Wahab. (2015). Analisis faktor-faktor yang mempengaruhi efisiensi bank umum syariah di Indonesia dengan pendekatan two stage stochastic frontier aproach (studi analisis di bank umum syariah). Economica: Jurnal Ekonomi Islam, 6(2) 57-76. DOI: 10.21580/economica.2015.6.2.794.