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<![CDATA[PLS Financing and Stability of Indonesian Islamic Banking ]]>
<![CDATA[widarjono, agus]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol 6 No 1 (2022): Volume 6 Nomor 1 Tahun 2022 ]]>
Publisher : <![CDATA[Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v6i1.4196
<![CDATA[Islamic banks are prohibited from using interest rates in any transaction, including financing. Instead, Islamic banks apply a profit-loss sharing (PLS) and non-PLS contract system. PLS financing consists of Musyarakah and Mudharabah. Our study analyzes the extent to which PLS financings with some control variables influence the stability of Islamic banks. This study measures stability utilizing Z-score. We employ the Autoregressive distributed lag (ARDL) model using monthly aggregate data of Islamic banks, covering from 2010:M1 to 2019:M12. According to the bound testing approach, the long-run relationship between dependent and explanatory variables is found. The PLS financings strengthen Islamic banks' stability for which Musyarakah financing enhances the stability but Mudharabah financing weakens stability. Evidence also underlines that bank characteristics such as CAR and efficiency affect stability. High CAR boosts stability but low efficiency deteriorates stability. More importantly, macroeconomic conditions persistently support stability for which economic upturn fortifies stability but sharp depreciation weakens stability.]]>
<![CDATA[Peran regulasi Pemerintah Daerah dalam optimalisasi belanja daerah untuk meningkatkan daya saing sektor unggulan Kabupaten Gunungkidul ]]>
<![CDATA[Wiranata, Bagas]]>;
<![CDATA[Widarjono, Agus]]>
<![CDATA[ Jurnal Kebijakan Ekonomi dan Keuangan Volume 4 Issue 1, Juni 2025 ]]>
Publisher : <![CDATA[Jurusan Ilmu Ekonomi, Fakultas Bisnis dan Ekonomika, Universitas Islam Indonesia ]]>
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DOI: 10.20885/JKEK.vol4.iss1.art3
<![CDATA[Purpose – This study aims to analyze the competitiveness enhancement of key sectors in Gunungkidul Regency during the 2014–2023 period and to formulate strategic recommendations for future policy improvement.Methods – The research employs a shift-share analysis and Pearson correlation test to examine the relationship between development expenditure, private investment, and regional economic growth.Findings – The findings indicate that development expenditure has a positive correlation with economic growth. However, its effectiveness largely depends on appropriate allocation policies and the quality of budget implementation.Implication – Local governments need to strengthen strategies for optimizing development expenditure, focusing on infrastructure development, workforce training, and technological innovation to enhance the competitiveness of key sectors.Originality – This study contributes to the enhancement of sectoral competitiveness in Gunungkidul Regency by applying a combination of shift-share analysis and Pearson correlation methods. AbstrakTujuan – Penelitian ini bertujuan untuk menganalisis peningkatan daya saing sektor unggulan di Kabupaten Gunungkidul selama periode 2014–2023, serta merumuskan rekomendasi strategis untuk perbaikan kebijakan di masa mendatang. Metode – Penelitian ini menggunakan metode analisis shift-share dan uji korelasi Pearson untuk mengkaji hubungan antara belanja pembangunan, investasi swasta, dan pertumbuhan ekonomi daerah. Temuan – Hasil penelitian menunjukkan bahwa belanja pembangunan memiliki korelasi positif terhadap pertumbuhan ekonomi. Namun, efektivitasnya sangat bergantung pada kebijakan alokasi serta implementasi anggaran yang tepat dan terarah. Implikasi – Pemerintah daerah perlu memperkuat strategi optimalisasi belanja pembangunan dengan menitikberatkan pada peningkatan infrastruktur, pelatihan tenaga kerja, serta pengembangan inovasi teknologi guna mendorong peningkatan daya saing sektor unggulan. Orisinalitas – Penelitian ini memberikan kontribusi dalam upaya peningkatan daya saing sektor unggulan di Kabupaten Gunungkidul melalui penerapan metode shift-share dan uji korelasi Pearson secara simultan.]]>
<![CDATA[Cash Flow Risk and Financial Balance: Evidence from Islamic Rural Banks in Indonesia ]]>
<![CDATA[Hendri, Zul]]>;
<![CDATA[Shuib, Sollehudin]]>;
<![CDATA[Widarjono, Agus]]>;
<![CDATA[Sintarini, Fitriasari]]>
<![CDATA[ Economica: Jurnal Ekonomi Islam Vol. 16 No. 1 (2025) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Islam UIN Walisongo ]]>
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DOI: 10.21580/economica.2025.16.1.25835
<![CDATA[This study delves into the impact of funding liquidity risk (FLR) counting, including several bank-specific variables and the Coronavirus outbreak, on the balance of Islamic rural banks (IRBs) in Indonesia. Utilizing unbalanced quarterly panel data from 97 IRBs in Java from 2015 (Q1) to 2023 (Q4), the analysis is conducted using panel data regression. The results confirm that FLR significantly decreases bank stability. However, this negative influence was notably weakened during the COVID-19 Crisis. The analysis further reveals that the negative outcome of FLR on stability is more pronounced in smaller IRBs compared to their larger counterparts. Additionally, the findings show that while bank capital and operational efficiency enhance balance, factors such as larger bank size, high financing levels, and the pandemic period itself tend to reduce it. This research offers two key implications. Theoretically, it highlights how FLR can erode stability, a risk amplified when banks undertake high-risk investments. Practically, it underscores the critical need for especially the smaller IRBs to proactively manage asset-liability maturity mismatches to ensure financial stability.]]>
<![CDATA[Funding Liquidity Risk-Profitability Nexus: Evidence from Islamic Rural Banks ]]>
<![CDATA[Widarjono, Agus]]>
<![CDATA[ Mutanaqishah: Journal of Islamic Banking Vol. 5 No. 2 (2025): July - December ]]>
Publisher : <![CDATA[Department of Islamic Banking ]]>
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DOI: 10.54045/mutanaqishah.v5i2.2946
<![CDATA[Purpose– This study examines the effect of funding liquidity risk and several control variables on the profitability of Shariah rural banks (SRBs), with a specific focus on SRBs located on Java Island, Indonesia. Methodology— A panel regression approach is employed to estimate the relationships between funding liquidity risk and profitability. The analysis covers a panel of 98 SRBs from 2019 to 2023 using quarterly data. For further study, SRBs are categorized by their total assets as a proxy of bank size. Findings – The findings document that funding liquidity risk hurts profitability. Smaller SRBs are more vulnerable to funding liquidity risk than larger SRBs. Furthermore, the results highlight the significant roles of financing and operational efficiency in encouraging bank profitability. Implications – The implications of this study recommend that Shariah rural banks must strengthen their management of funding liquidity risk to maintain profitability. Moreover, enhancing fundamental aspects, particularly efficiency, is essential for improving profitability. Originality— This study contributes to Islamic bank empirical studies by including funding liquidity risk variables, in addition to internal bank variables, in its analysis of profitability.]]>
<![CDATA[Analisis efisiensi pengelolaan Dana Alokasi Umum Kabupaten atau Kota di Pulau Kalimantan ]]>
<![CDATA[Devi Utami Rika Safitri]]>;
<![CDATA[Widarjono, Agus]]>
<![CDATA[ Jurnal Kebijakan Ekonomi dan Keuangan Volume 2 Issue 2, Desember 2023 ]]>
Publisher : <![CDATA[Jurusan Ilmu Ekonomi, Fakultas Bisnis dan Ekonomika, Universitas Islam Indonesia ]]>
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DOI: 10.20885/JKEK.vol2.iss2.art15
<![CDATA[Purpose – This study aims to analyze the efficiency levels in managing the General Allocation Fund in regencies and cities for the purpose of equalizing financial capacity in the endeavor of human development in Kalimantan Island.Methods – Two testing models, namely Data Envelopment Analysis (DEA) and Panel Data Regression Model, were employed on 56 regencies and cities in Kalimantan Island with the primary variable being the General Allocation Fund absorption reports from 2018 to 2022.Findings – The majority of regencies and cities in Kalimantan Island have managed the General Allocation Fund with relatively high-efficiency levels, ranging from 0.86 to 0.98. Regression analysis indicates that Gross Regional Domestic Product has a significant influence on the regression outcome. On the other hand, Regional Original Revenue exerts a less significant effect, while the Poverty Percentage holds a significant negative impact. The panel test results demonstrate that the Fixed Effect (FE) approach is the most suitable model with a remarkably high R-squared value of 0.990803.Implication – In general, regencies and cities in Kalimantan Island have managed the General Allocation Fun efficiently. However, in a policy context, continuous monitoring and evaluation are necessary to ensure optimal utilization of the DAU in supporting regional development.Originality – This study contributes to the evaluation and formulation of optimum values in managing the General Allocation Fund for regencies and cities in Kalimantan Island. AbstrakTujuan – Menganalisa tingkat efisiensi pengelolaan Dana Alokasi Umum (DAU) Kabupaten/Kota terhadap Pemerataan Kemampuan Keuangan dalam upaya pembangunan manusia di Pulau KalimantanMetode – Terdapat dua model pengujian yakni Data Envelopment Analysis (DEA) dan Model Regresi Data Panel pada 56 Kabupaten/Kota di Pulau Kalimantan dengan variabel utama laporan penyerapan Dana Alokasi Umum (DAU) tahun 2018 sampai 2022.Temuan – Sebagian besar kabupaten/kota di Pulau Kalimantan telah mengelola Dana Alokasi Umum (DAU) dengan tingkat efisiensi yang relatif tinggi, berkisar antara 0.86 hingga 0.98. Analisis regresi menunjukkan bahwa PDRB pengaruh signifikan terhadap hasil regresi. Sedangkan, PAD memiliki pengaruh yang kurang signifikan, sementara Persentase Kemiskinan memiliki pengaruh negatif yang signifikan. Hasil uji panel menunjukkan bahwa pendekatan Fixed Effect (FE) adalah model terbaik dengan nilai R-squared yang sangat tinggi (0.990803). Implikasi – Secara garis besar kabupaten/kota di Pulau Kalimantan telah mengelola DAU secara efisien. Namun, dalam konteks kebijakan, perlu dilakukan pemantauan dan evaluasi untuk memastikan penggunaan DAU yang optimal dalam mendukung pembangunan daerah. Orisinalitas – Penelitian ini berkontribusi dalam mengevaluasi dan memformulasikan nilai optimum dalam pengelolaan Dana Alokasi Umum (DAU) untuk Kabupaten/Kota di Pulau Kalimantan.]]>
<![CDATA[Analysis of Rice Imports in Indonesia: AIDS approach ]]>
<![CDATA[Widarjono, Agus]]>
<![CDATA[ Journal of Economics, Business, and Accountancy Ventura Vol. 21 No. 2 (2018): August - November 2018 ]]>
Publisher : <![CDATA[Universitas Hayam Wuruk Perbanas ]]>
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DOI: 10.14414/jebav.v21i2.1212
<![CDATA[Rice is a staple food for Indonesian households. After achieving self-sufficiency of rice in 1984, Indonesia still had to import rice because the domestic rice consumption always exceeded the domestic rice production. This study attempts to analyze a rice import during the 1998-2014 period. The rice import was analyzed based on the main partner of Indonesian rice imports encompassing of Vietnam, Thailand, USA, Other countries. This research applied the demand system method using Almost Ideal Demand System (AIDS). The results indicate that price elasticity of rice import from Vietnam and Thailand was inelastic while from other countries, they were elastic. Based on the expenditure elasticity of rice import, rice is the normal goods for rice import from Thailand and USA. The policy simulation shows that the increase in the price of rice import leads to the decrease of rice import. However, rice import from certain countries such as Thailand still increase. Rice is the staple food, therefore, the government must set up policy to increase domestic rice production for reducing dependency on rice imports.]]>
<![CDATA[Funding Liquidity Risk, Bank-Specific Variables And Profitability Of Islamic Rural Banks ]]>
<![CDATA[Jusuf, Nurain]]>;
<![CDATA[Widarjono, Agus]]>
<![CDATA[ IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita Vol 13 No 2 (2024): IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita - December ]]>
Publisher : <![CDATA[LPPM ISNJ Bengkalis ]]>
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DOI: 10.46367/iqtishaduna.v13i2.2227
<![CDATA[This research investigates the impact of funding liquidity risk and some bank-specific variables on the profitability of Islamic rural banks in Indonesia, for the case of Islamic rural banks located on Sumatera Island. This study examines 41 Islamic rural banks with quarterly data from 2019: Q1 to 2023: Q4. Panel regression with unbalanced panel data is then employed. For further analysis, we make an interaction between funding liquidity risk and bank size to investigate whether large banks benefit from their size associated with the impact of funding liquidity risk on profitability. Our results confirm that funding liquidity risk lowers profitability. More importantly, large Islamic rural banks face less risk associated with the impact of funding liquidity risk on profitability than small Islamic rural banks. Results also highlight the importance of strong bank fundamentals such as efficiency in supporting profitability. This research has two important implications, theoretically and practically. First, from a practical perspective, funding liquidity risk reduces profits because Islamic rural banks dare to take investment risks to obtain high income. Second, Islamic rural banks must be able to manage maturity mismatch so that the negative impact of funding liquidity risk on profits can be minimized.]]>
<![CDATA[Determinant of Murabaha financing in Indonesian Sharia banking: The ARDL and NARDL approach ]]>
<![CDATA[Widarjono, Agus]]>;
<![CDATA[Misanam, Munrokhim]]>
<![CDATA[ Journal of Islamic Economics Lariba Vol. 9 No. 2 (2023) ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/jielariba.vol9.iss2.art7
<![CDATA[IntroductionMurabaha financing accounts for the largest portion of Sharia bank financing, and many previous studies have analyzed this topic using symmetric impact. However, studies using the asymmetric link, a common phenomenon in economic theory, are limited.ObjectivesThis study explores the determinants of Murabaha financing with symmetric and asymmetric approaches. MethodThe explanatory variables are the bank-specific variables in the form of the Murabaha financing rate, the cost of borrowing money, and the macroeconomic conditions in the form of the Industrial Production Index, which is a proxy of domestic output. The period of study is from 2010 to 2021 using monthly data. The method is Autoregressive distributed lag (ARDL) for symmetric analysis and non-linear ARDL (NARDL) for asymmetric analysis.ResultsThe symmetric effect method indicates that the Murabaha financing rate negatively affects Murabaha financing, but the Industrial Production Index has no effect on Murabaha financing. The asymmetric effect method suggests that the Murabaha financing rate and Industrial Production Index asymmetrically affect Murabaha financing. ImplicationsMurabaha financing will experience a drastic fall if there is a rise in the Murabaha financing rate, but a fall in the Murabaha financing rate will not have an impact on an increase in Murabaha financing. Economic upturns boost Murabaha financing, but economic downturns have no impact on Murabaha financing.Originality/NoveltyThe main contribution of our research is evidence of the asymmetric response of Murabaha financing to bank-specific variables as well as macroeconomic conditions in which Sharia banks are resilient to the business cycle.]]>
<![CDATA[The Effect of Bank Fundamentals, Profit-Loss Sharing Financing, and Covid-19 on the NPF of Islamic Commercial Banks in Indonesia ]]>
<![CDATA[Fitrah, Jauharil]]>;
<![CDATA[Widarjono, Agus]]>
<![CDATA[ Mutanaqishah: Journal of Islamic Banking Vol. 4 No. 2 (2024): December 2024 ]]>
Publisher : <![CDATA[Department of Islamic Banking ]]>
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DOI: 10.54045/mutanaqishah.v4i2.1952
<![CDATA[This study analyzes the influence of bank fundamentals, profit-sharing financing, and Covid-19 on financing default as measured by non-performing financing (NPF) in Islamic commercial banks. The Islamic commercial banks studied were 12 banks in the 2014-2022 period with quarterly data and unbalanced panel data. The estimation method used is the panel regression. The results show that the bank's strong fundamentals, namely bank size, bank capital, and profitability have a negative effect on NPF. Profit-sharing financing, namely Mudharabah, and Musharakah, has a positive effect on NPF. Meanwhile, the stability of banks, bank efficiency, and Covid had no effect on NPF. There are several important policy implications of these findings. First, banks must have strong fundamentals to be able to minimize NPF. Second, profit-sharing financing must be followed by good monitoring so it can reduce NPF.]]>
<![CDATA[Market Concentration, Bank Characteristics, Macroeconomic Conditions, and Indonesian Islamic Bank Financing ]]>
<![CDATA[Misanam, Munrokhim]]>;
<![CDATA[Widarjono, Agus]]>
<![CDATA[ Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 14, No 2 (2023): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah ]]>
Publisher : <![CDATA[UIN Salatiga ]]>
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DOI: 10.18326/muqtasid.v14i2.165-184
<![CDATA[As the latest player in the banking market in Indonesia, Islamic banks are not as experienced as their counterpart conventional banks. In addition, the types of Islamic bank financing (loans) are different from conventional bank loans. Our work investigates the determinants of Islamic bank financing in Indonesia. Our concern variables are market concentration, bank fundamentals, and macroeconomic conditions, including Covid-19. This study examines all Islamic banks in Indonesia from 2015 to 2020 using quarterly data. Our data set is 724 observations with unbalanced panel data. We employ the dynamic panel data using the two-step system GMM that is more robust than two-step difference GMM. Market concentration encourages financing. Profitability, bank size, and financing loss provision also enhance financing. However, a high degree of risk aversion and inefficiency reduces financing. Furthermore, Islamic bank financing also depends on macroeconomic conditions. Economic upturns strengthen financing. Strong bank fundamentals, particularly bank size, are the key to success for Islamic bank financing. The results draw an important practical implication. Large Islamic bank is a necessary condition to compete with a conventional bank. Accordingly, the spin off policy of Islamic bank windows to full-fledged Islamic bank should be implemented immediately.]]>
