Analysis on Corporate Governance Influences toward Banking Efficiency with Bank Category as Moderator Variable


  • Lidiyawati Lidiyawati Bina Nusantara University



islamic bank, corporate governance, efficiencies


Corporate governance system of Sharia financial institution that based on Islamic law may result more  variables principles then conventional owns. The restriction of usury are highly speculative transaction, embedded prohibited matter are main features in Sharia business institution. Sharia Supervisory Board, as board that supervises banking practices conforms to Sharia stipulations, hold strong important role within Islamic banking. Both important points above had direct effects on efficiency which attained by Islamic banking compared with conventional banking. This study examines the influence of corporate governance implementation toward efficiency banking sector with bank category as moderator variable. This study hypothesize that corporate governance has significant influences toward bank’s efficiencies, the influence of corporate governance toward Islamic bank efficiencies is higher than conventional bank, and level of Islamic
bank efficiencies is higher than conventional bank. Measurement of efficiencies is using Stochastic Frontier Approach program, and then using SPSS in procces hypothetical model. The results of the study do not support the hypothesis. Examined result shows that statically corporate governance is not influenced by bank efficiency achievement. Corporate governance influences over Islamic bank has not show higher significance than conventional and Islamic bank efficiencies remain steady. Data limitations, complexity of the efficiency measures and the complexity of the operation of Islamic banks may explain the finding.


Plum Analytics

Author Biography

Lidiyawati Lidiyawati, Bina Nusantara University

Accounting Department


Afzalurrahman. (1990). Economic Doctrine of Islam. Lahore: Islamic Publication.

Agustianto. (2009). Good Corporate Governance di Bank Sharia. Harian Umum Pelita Persatuan Uman dan Kesatuan Bangsa. Edisi Jum’at 28 Agustus 2009, diakses tanggal 28 Agustus 2009, dari

Akmal, H. (2008). Good Corporate Governance dan Managemen Risiko di Bank Sharia. Yogyakarta: Program Pascasarjana UIN Sunan Kalijaga.

Bachrudin. (2006). Pengukuran Tingkat Efisiensi Bank Sharia dan Bank Konvesnional di Indonesia dengan Formula David Cole’s ROE for Bank. Jurnal Siasat Bisnis, 11(1), April 2006.

Bank Indonesia. (2007). Surat Edaran Kepada Semua Bank Umum di Indonesia No.9/12/DNDP, Jakarta 30 Mei 2007. Diakses tanggal 28 Agustus 2009 dari

Bank Indonesia. (2006). Peraturan Bank Indonesia No. 8/4/PBI/2006 Tentang Pelaksanaan Good Corporate Governance Bagi Bank Umum. Bank Indonesia.

Berger, A. N., Humphrey, D. B. (1992). Measurement and Efficiency Issues in Commercial Banking, National Bureau of Economic Research, Inc.

Boatright, J., Michael, R., Schuck, J. (1986). The Contractual Theory of the Firm as a Normative Business Ethic and its Relationship to Roman Catholic Social Teaching on Economic Life.

Chapra, M. U. (2001). What is Islamic Economics? Islamic Development Bank-Islamic Research and Training Institute, IDB Prize Winner’ Lecture Series No. 9.

Chapra, M. U. (2002). The Future of Economics, an Islamic Perspective. Jakarta: SEBI.

Chapra, M. U., Ahmed, H. (2002). Corporate Governance in Islamic Institutions. Islamic Development Bank-Islamic Research and Training Institute, 29 September 2002.

Chen, K. C. W., Chen, Z., Wei, K. C. J. (2008). Legal Protection of Investors, Corporate Governance, and the Cost of Equity Capital. The 2008 Chinese Annual Conference in Finance Beijing,

China, October 2008. Hong Kong Institutional Repositories.

Coelli, T. J. (1996). A Guide to Frontier Version 4.1: A Computer Program for Frontier Production Function Estimation. CEPA Working Paper 96/07. Department of Econometrics, University

of New England, Australia.

Daniri, M. A. (2002). Good Corporate Governance. Diakses tanggal 15 Agustus 2009 dari

Davis, J. H., Schoorman, D. F., Lex, D. (1997). Toward a Stewardship Theory of Management, The Academy and Management Review, 22(1).

De-Young, R. (1997). Management Quality and X-Efficiency in National Bank. Journal of Financial Service Research.

El-Ashker, A., Rodney A., Wilson, F. (2006). Islamic Economics: A Short History. Koninklijke Brill Series-Theme in Islamic Studies, 3, Leiden, Boston.

El-Gamal, M. (2006). Islamic Finance: Law, Economics, and Practice. New York: Cambridge University Press.

Forum for Corporate Governance in Indonesia (FCGI). (2007). Indonesian Company Law. Diakses tanggal 21 Oktober 2009, dari

Freixas, X., Charles, J. R. (1997). Microeconomics of Banking. The MIT Press, 1, 0262061937, Januari 1997.

Hasan, Z. (2009). Corporate Governance: Western and Islamic Perspective, International Review of Business Research Papers, 5(1): 277-293.

Hendry, J. (2001). Missing the Target: Normative Stakeholder Theory and the Corporate Governance Debated. Business Ethics Quarterly, 11(1).

Holderness, C. G. (2006). The Myth of Diffuse Ownership in the United States. Review of Financial Studies. Diakses dari

Keasey, K., Wright, M. (1997). Corporate Governance, Responsibility, Risk, Remunerations. England: Jhon Willey & Sons Ltd.

Khan, T., Ahmed, H. (2001). Risk Management: An Analysis if Issues In Islamic Financial Industry, Occasional Paper Islamic Development Bank, Jedah.

Komite Nasional Kebijakan Corporate Governance (KNKCG). (2004). Pedoman Good Corporate Governance Perbankan Indonesia. KNKCG, Januari, 2004.

Lewis, M. K. (2001). Islamic and Accounting. USA: Blackwell Publisher Ltd.

Lewis, M. K. (2009). In What Ways does Islamic Banking Differ from Conventional Finance? Journal of Islamic Economics, Banking and Finance, 2009.

Lewis, M. K., Algoud, L. M. (2007). Perbankan Sharia: Prinsip, Praktek dan Prospek. Jakarta: Serambi.

Mokhtar, H., Ahmad, S., Abdullah N., Al-Habshi, S. M. (2006). Efficiency of Islamic Banking in Malaysia, Journal of Economic Cooperation, 27(2): 27-70.

Monger, R., Rawashdeh, M. (2008). Islamic Finance Enter the Mainstream, Management Accounting Quarterly Spring, 9(3).

Nicholson, W. (2005). Microeconomic Theory: Basic Principle and Extensions, Ninth Edition. South Western: Thomson.

Prawiranegara, S. (1988). Ekonomi dan Keuangan: Makna Ekonomi Islam, Kumpulan Karangan Terpilih, Jilid 2. Jakarta: CV. Hajimasagung.

Republik Indonesia. (1992). Undang-undang No. 7 Tahun 1992 tentang Perbankan. Lembaran Negara RI Tahun 1992, No. 32. Sekretariat Negara. Jakarta.

Republika. (2008). Sejarah Perkembangan Industri Perbankan Sharia di Indonesia. Diakses tanggal 26 Oktober 2009 dari

Sarker, Md., Awwal, A. (1999). Islamic Business Contract, Agency Problem and the Theory of Islamic Firm, International Journal of Islamic Finance Service, 1(2), Juli-September 1999.

Sharia Life. (2007). Tantangan Perbankkan Sharia, Sharia Life. Diakses tanggal 20 Oktober 2009, dari

Styrin, K. (2005). What Explains Differences in Efficiency Across Rusian Bank? Economics Education and Research Consortium, Moscow, Rusia.

Suseno, P. (2007). Analisis Efisiensi dan Skala Ekonomi pada industri Perbankan Sharia di Indonesia. Yogyakarta: Pusat Pengkajian dan Pengembangan Ekonomi Islam, FE UII.

Suswadi. (2007). Analisis Efisiensi Perbankan Sharia di Indonesia (Metode Stochastic Frontier Approach/SFA). Yogyakarta: FE UII.

Tjager N. I. (2003). Corporate Governance: Tantangan dan Kesempatan Bagi Komunitas Bisnis Indonesia. Jakarta: Perhalindo.

Wieland, J. (2005). Corporate Governance, Value Mamangement, and Standard: A European Perspective, Bussiness and Society, 44(1).

Wilson, R. (2008). Islamic Economic and Finance. World Economics, 9(1).



Abstract 654  .
PDF downloaded 424  .