Spin-off Decision and Profitability: Evidence from Indonesia Islamic Banking Industry

• 발행기관: People & Global Business Association
• 저자명: Zulfikar Bagus Pambuko Jaka Sriyana Akhsyim Affandi Abdul Hakim
• 간행물 정보: 『Global Business and Finance Review』Vol.30 No.4, 60~72쪽, 전체 13쪽
• 주제분류: 경제경영 > 경영학
• 파일형태: PDF
• 발행일자: 2025.04.30

국문 초록

Purpose: This study aims to investigate the impact of spin-off decisions on the profitability of Indonesian Islamic banks. Design/methodology/approach: Employing a dynamic panel system GMM estimator, we analyze semi-annual un-balanced panel data of 35 Islamic banks from 2007 to 2023. Findings: The findings suggest that spin-off decisions do not significantly influence the profitability of Islamic banks. However, economic growth positively impacts profitability, while financing risk and world oil prices neg-atively affect it. Islamic bank liquidity and inflation exhibit no significant impact on profitability. Research limitations/implications: The study is limited to the Indonesian context. Further research could explore the impact of spin-offs on other performance metrics and in different economic environments. The findings suggest that a reevaluation of the spin-off policy outlined in Indonesia Law 21/2008 and 4/2023 may be necessary, and that Islamic banks should focus on strengthening their resilience against macroeconomic shocks. Originality/value: While previous research has examined the impact of various factors on Islamic bank profitability, the influence of the spin-off policy remains inconclusive. This study aims to contribute to the literature by inves-tigating the combined effects of the spin-off decision and other macroeconomic variables, especially oil prices, on the profitability of Indonesian Islamic banks.

목차

Ⅰ. Introduction

Ⅱ. Literature Review

Ⅲ. Methods

Ⅳ. Results and Discussion

Ⅴ. Conclusion

References

키워드

Islamic Banking Industry Spin-off Decision Profitability GMM Method Oil Price