Effect of Capital Structure on Financial Sustainability of Sharia Public Financing Bank (BPRS)
DOI:
https://doi.org/10.30868/ad.v6i01.2301Keywords:
Financial sustainability, Logistic Regression, Profitability, Capital, Financial Self-Sufficiency, BPRSAbstract
References
Bénabou, R., & Tirole, J. (2009). Over my dead body: Bargaining and the price of dignity. American Economic Review, 99(2), 459–465. https://doi.org/10.1257/aer.99.2.459
Bodhanwala, S., & Bodhanwala, R. (2018). Does corporate sustainability impact firm profitability? Evidence from India. Management Decision, 56(8), 1734–1747. https://doi.org/10.1108/MD-04-2017-0381
Bogan, V. L. (2012). Capital structure and sustainability: An empirical study of microfinance institutions. Review of Economics and Statistics, 94(4), 1045–1058. https://doi.org/10.1162/REST_a_00223
Cantino, Valter Devalle, A., & Fiandrino, S. (2017). ESG sustainability and financial capital structure: where they stand nowadays. International Journal of Business and Social Science, 8(5), 116–126. www.ijbssnet.com
Carrillo-Larco, R. M., & Castillo-Cara, M. (2020). Using country-level variables to classify countries according to the number of confirmed COVID-19 cases: An unsupervised machine learning approach. Wellcome Open Research, 5, 1–22. https://doi.org/10.12688/wellcomeopenres.15819.3
Chari, A., Chen, W., & Dominguez, K. M. E. (2012). Foreign ownership and firm performance: Emerging market acquisitions in the United States. IMF Economic Review, 60(1), 1–42. https://doi.org/10.1057/imfer.2012.1
Christen, R. P., & Drake, D. (2002). Commercialization. The new reality of microfinance. The Commercialization of Microfinance: Balancing Business and Development, 1(1), 2–22.
Chung, Y. P., Na, H. S., & Smith, R. (2013). How important is capital structure policy to firm survival? Journal of Corporate Finance, 22(1), 83–103. https://doi.org/10.1016/j.jcorpfin.2013.04.002
Dehejia, R., Montgomery, H., & Morduch, J. (2012). Do interest rates matter? Credit demand in the Dhaka slums. Journal of Development Economics, 97(2), 437–449. https://doi.org/10.1016/j.jdeveco.2011.06.001
Dokulilová, L., Janda, K., & Zetek, P. (2009). Sustainability of Microfinance Institutions in Financial Crisis University of Economics. European Financial and Accounting Journal, 4(2), 7–33. https://doi.org/http://dx.doi.org/10.18267/j.65
Fauziah, F., Latief, A., & Jamal, S. W. (2020). The Determinants of Islamic Banking Capital Structure in Indonesia. Al-Tijary, 5(2), 125–138. https://doi.org/10.21093/at.v5i2.1765
Frank, C. (2008). Stemming the tide of mission drift: microfinance transformations and the double bottom line. Women’s World Banking Focus Note.
Hartarska, V. (2005). Governance and performance of microfinance institutions in Central and Eastern …. In World Development (Issue 677). http://linkinghub.elsevier.com/retrieve/pii/S0305750X05001269
Hidayat, R., Oktaviani, Y., & Aminudin, A. (2019). Financial Performance of Islamic Banking in Indonesia With Maqasid Shariah Approach. Manajemen Bisnis, 9(1). https://doi.org/10.22219/jmb.v9i1.9442
Hollis, A., & Sweetman, A. (1998). Microcredit: What can we learn from the past? World Development, 26(10), 1875–1891. https://doi.org/10.1016/S0305-750X(98)00082-5
Iacobucci, D. (2012). Mediation analysis and categorical variables: The final frontier. Journal of Consumer Psychology, 22(4), 582–594. https://doi.org/10.1016/j.jcps.2012.03.006
Jan, A., Marimuthu, M., Shad, M. K., ur-Rehman, H., Zahid, M., & Jan, A. A. (2019). Bankruptcy profile of the Islamic and conventional banks in Malaysia: a post-crisis period analysis. Economic Change and Restructuring, 52(1), 67–87. https://doi.org/10.1007/s10644-017-9220-7
Junaedi, D., & Salistia, F. (2020). Dampak Pandemi COVID-19 Terhadap Pertumbuhan Ekonomi Negara-Negara Terdampak. In Simposium Nasional Keuangan Negara (pp. 995–1115).
Karaca, S. S., & Eksi, I. H. (2011). The Relationship between Ownership Structure and Firm Performance: An Empirical Analysis over ?stanbul Stock Exchange (ISE) Listed Companies. International Business Research, 5(1), 172–181. https://doi.org/10.5539/ibr.v5n1p172
Keay, A. (2008). Ascertaining the Corporate Objective. The Modern Law Review, 71(5), 663–698. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=955377
Khanam, D., Mohiuddin, M., Hoque, A., & Weber, O. (2018). Financing micro-entrepreneurs for poverty alleviation: a performance analysis of microfinance services offered by BRAC, ASA, and Proshika from Bangladesh. Journal of Global Entrepreneurship Research, 8(1). https://doi.org/10.1186/s40497-018-0114-6
Khediri, K. Ben, Charfeddine, L., & Youssef, S. Ben. (2015). Islamic versus conventional banks in the GCC countries: A comparative study using classification techniques. Research in International Business and Finance, 33, 75–98. https://doi.org/10.1016/j.ribaf.2014.07.002
Liu, W., Yue, X. G., & Tchounwou, P. B. (2020). Response to the COVID-19 Epidemic: The Chinese Experience and Implications for Other Countries. International journal of environmental research and public health. International Journal of Environmental Research and Public Health, 17(07), 2304-undefined. https://doi.org/10.3390/ijerph17072304
Marwa, N., & Aziakpono, M. (2015). Financial sustainability of Tanzanian saving and credit cooperatives. International Journal of Social Economics, 42(10), 870–887. https://doi.org/10.1108/IJSE-06-2014-0127
Maulana, I. (2017). Bank Pembiayaan Rakyat Syariah Masih Rentan Bankrut. Kompasiana.
Moshin Hafeez, B. M., Haroon Khan, H., Majeed, F., Azeem, A., Moshin Hafeez α, M., Haroon Khan σ, H., Majeed Ï, F., & Azeem Ñ , A. (2018). Impact of Capital Structure on Islamic Banks Performance: (Evidence from Asian Country). Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Online, 18(3).
Mustafa, R., & Musari, K. (2019). Menuju BPRS yang Kompetitif, Stabil, dan Kontributif. Insight: Buletin Ekonomi Syariah, 7(1), 13–16.
Nasfi, Iska, S., Nofrivul, & Antoni. (2019). Financial Sustainability Inthe Assessment of Thefinancial Performance of West Sumatra Sharia Financing Bank (Bprs. Menara Ekonomi, 5(1), 51–62. https://doi.org/https://doi.org/10.33559/me.v5i1.1272
Nasution, D. A. D., Erlina, E., & Muda, I. (2020). Dampak Pandemi COVID-19 terhadap Perekonomian Indonesia. Jurnal Benefita, 5(2), 212. https://doi.org/10.22216/jbe.v5i2.5313
Notoadmojo, I., & Rahmawaty, A. (2017). Analisis Faktor-Faktor Yang Memengaruhi Financial Sustainability Ratio Pada Bank Umum Syariah Di Indonesia Periode 2010 - 2014. Equilibrium: Jurnal Ekonomi Syariah, 4(1), 20. https://doi.org/10.21043/equilibrium.v4i1.1836
Oktarina, A., & Asnaini, A. (2020). Potensi Kontribusi Institusi Pendidikan Islam Terhadap Perkembangan Bank Syari’ah di Indonesia. Al-Intaj : Jurnal Ekonomi Dan Perbankan Syariah, 6(1), 51. https://doi.org/10.29300/aij.v6i1.2834
Oktaviana, U. K., & Miranti, T. (2020). Hazard Analysis Determining Financial Sustainability For Sharia Rural Banks (BPRS) In East Java.
Parmar, B. L., Freeman, R. E., Harrison, J. S., Wicks, A. C., Purnell, L., & de Colle, S. (2010). Stakeholder theory: The state of the art. Academy of Management Annals, 4(1), 403–445. https://doi.org/10.1080/19416520.2010.495581
Pradipta, H. (2021). KAJIAN TINGKAT KESEHATAN BANK PEMBIAYAAN RAKYAT SYARIAH (BPRS) DI KAWASAN TAPAL KUDA. Jurnal Pemikiran Dan Pengembangan Perbankan Syariah, 7(1), 77–94.
Prastyo, D. D., Miranti, T., & Iriawan, N. (2017). Survival analysis of companies’ delisting time in Indonesian stock exchange using Bayesian multiple-period logit approach. Malaysian Journal of Fundamental and Applied Sciences, 13(4–1), 425–429. https://doi.org/10.11113/mjfas.v13n4-1.864
Rahman, M. A., & Mazlan, A. R. (2014). Determinants of Financial Sustainability of Microfinance Institutions in Bangladesh. International Journal of Economics and Finance, 6(9), 107–116. https://doi.org/10.5539/ijef.v6n9p107
Rijnhart, J. J. M., Twisk, J. W. R., Eekhout, I., & Heymans, M. W. (2019). Comparison of logistic-regression based methods for simple mediation analysis with a dichotomous outcome variable. BMC Medical Research Methodology, 19(1), 1–10. https://doi.org/10.1186/s12874-018-0654-z
Schreiner, M. (2000). Ways donors can help the evolution of sustainable microfinance organizations. Savings and Development, 24(4), 423–437. https://doi.org/10.22004/ag.econ.28327
Sholikah, A. M., & Miranti, T. (2020). Factors influence financial sustainability banking in Indonesia. … Ekonomi Dan Bisnis ISlam, 6(1), 41–50. http://repository.uin-malang.ac.id/8334/
Siagian, V., Rahmadana, M. F., Basmar, E., Purba, P. B., Nainggolan, L. E., & Nugraha, N. A. (2020). Ekonomi dan Bisnis Indonesia. Yayasan Kita Menulis. Ekonomi dan Bisnis Indonesia. Yayasan Kita Menulis.
Silalahi, M., Komariyah, I., Sari, A. P., Purba, S., Sudirman, A., Nugraha, N. A., ..., & Sulasih, S. (2020). Dasar-Dasar Manajemen dan Bisnis. Yayasan Kita Menulis.
Spodick, E. (2016). Sustainability – it’s everyone’s job. Library Management, 37(6–7), 286–297. https://doi.org/10.1108/LM-04-2016-0024
Steen, J., Loeys, T., Moerkerke, B., & Vansteelandt, S. (2017). Medflex: An R package for flexible mediation analysis using natural effect models. Journal of Statistical Software, 76(1). https://doi.org/10.18637/jss.v076.i11
Sumadi, S. (2020). Menakar Dampak Fenomena Pandemi Covid-19 Terhadap Perbankan Syariah. Jurnal Hukum Ekonomi Syariah, 1, 145. https://doi.org/10.30595/jhes.v0i1.8761
Thapa, G. (2006). Sustainability and Governance of Microfinance Institutions : Recent Experiences and Some Lessons for Southeast Asia. 18 Asian Journal of Agriculture and Development, 3(1), 17–38.
Uchenna, O. L., Adedayo, E. O., Ahmed, A., & Isibor, A. (2017). Corporate governance and financial sustainability of Microfinance institutions in Nigeria. Proceedings of the 29th International Business Information Management Association Conference - Education Excellence and Innovation Management through Vision 2020: From Regional Development Sustainability to Global Economic Growth, 4035–4045.
Umobong, A. A., & FCA. (2015). Assessing the Impact of Liquidity and Profitability Ratios on Growth of Profits in Pharmaceutical Firms in Nigeria. European Journal of Accounting, Auditing and Finance Research, 3(10), 97–114.
Van Khanh, V. T., Hung, D. N., Van, V. T. T., & Huyen, H. T. (2020). A study on the effect of corporate governance and capital structure on firm value in vietnam. Accounting, 6(3), 221–230. https://doi.org/10.5267/j.ac.2020.3.004
Vinodh, S., Jayakrishna, K., Kumar, V., & Dutta, R. (2014). Development of decision support system for sustainability evaluation: A case study. Clean Technologies and Environmental Policy, 16(1), 163–174. https://doi.org/10.1007/s10098-013-0613-7
Wahyuni, E. (2018). Satanic Finance Dalam Perbankan Syariah. ILTIZAM Journal of Sharia Economic Research, 2(1), 20. https://doi.org/10.30631/iltizam.v2i1.109
Wahyuni, S., & Fakhruddin, I. (2014). Analisis Faktor-faktor yang Mempengaruhi Sustainability Ratio Perbankan Syariah di Indonesia. Jurnal FEB UMS, 4(1), 113–128.
Yazdanfar, D. (2013). Profitability determinants among micro firms: Evidence from Swedish data. International Journal of Managerial Finance, 9(2), 151–160. https://doi.org/10.1108/17439131311307565
Downloads
Published
How to Cite
Issue
Section
Citation Check
License
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).