THE INFLUENCE OF ISLAMIC CORPORATE GOVERNANCE AND INTERNAL CONTROL ON INDICATIONS OF FRAUD IN ISLAMIC COMMERCIAL BANKS IN INDONESIA

This article aims to analyze the implementation of ICG (Islamic Corporate Governance) and Internal Control on indications of fraud at Islamic Commercial Banks in Indonesia. The method used in this study is to use quantitative analysis with technical data analysis using multiple linear regression. The data used is secondary data obtained from Islamic banking financial reports, amounting to 60 data. The conclusion in this article is the influence of Islamic Corporate Governance which is proxied by the variables of the implementation of DPS duties and responsibilities, the performance of duties and responsibilities of the board of directors, and internal control, on the dependent variable, namely, the indication of fraud in Islamic Commercial Banks in Indonesia of 46.1 percent while the rest 53.9 percent is influenced by other factors which are not used in this study

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The role of corporate governance in enhancing the performance of Jordanian commercial banks

Accounting ◽

10.5267/j.ac.2021.3.017 ◽

2021 ◽

Vol 7 (6) ◽

pp. 1471-1478 ◽

Cited By ~ 1

Author(s):

Ahmad Salem Alkazali ◽

Ghaith N. Al-Eitan ◽

Ala’a Ayed Abu Aleem

Keyword(s):

Corporate Governance ◽

Board Of Directors ◽

Internal Control ◽

Commercial Banks ◽

Northern Region ◽

Bank Performance ◽

Fair Treatment ◽

Significant Relationships ◽

The Board Of Directors

The study aimed to explore the relationship between corporate governance (i.e., tasks and responsibilities of the Board of Directors, disclosure and transparency, shareholders’ rights and fair treatment of shareholders, and audit and internal control) and bank performance. Data were collected using a questionnaire distributed to a sample consisting of managers of commercial banks in the northern region in Jordan. The study found a significant and positive relationship between corporate governance and bank performance. Particularly, the study pointed out two principles (i.e., tasks and responsibilities of the Board of Directors, and audit and internal control) were positively related to bank performance, while there were no significant relationships between the other two principles (i.e., disclosure and transparency as well as shareholders’ rights and fair treatment of shareholders). It was concluded that corporate governance is very critical for enhancing bank performance. Additionally, commercial banks should pay more attention to all principles of corporate governance.

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Pengaruh Dewan Direksi, Dewan Komisaris Independen. Kepemilikan Manajerial, Kepemilikan Institusional, Dan Dewan Pengawas Syariah Terhadap No Performing Financing (Studi Kasus Pada Bank Umum Syariah Yang Terdaftar Di OJK Periode 2015-2019)

Ratio : Reviu Akuntansi Kontemporer Indonesia ◽

10.30595/ratio.v2i2.10378 ◽

2021 ◽

Vol 2 (2) ◽

Author(s):

Yugi Maheswari ES ◽

Iwan Fakhruddin ◽

Azmi Fitriati ◽

Bima Cinintya Pratama

Keyword(s):

Corporate Governance ◽

Board Of Directors ◽

Commercial Bank ◽

Financial Services ◽

Supervisory Board ◽

Secondary Data ◽

Institutional Ownership ◽

Managerial Ownership ◽

Good Corporate Governance ◽

The Board Of Directors

Tujuan penelitian ini untuk mengetahui pengaruh penerapan Good Corporate Governance (GCG) yang diproksikan oleh dewan direksi, dewan komisaris independen, kepemilikan manajerial, kepemilikan institusional, dan dewan pengawas syariah terhadap risiko pembayaran yang diukur dengan rasio Non Performing Financing (NPF) pada Bank Umum Syariah. Populasi penelitian adalah Bank Umum Syariah Yang Terdaftar di Otoritas Jasa Keuangan. Data yang digunakan adalah data sekunder berupa laporan tahunan Bank Umum Syariah periode 2015-2019. Sampel yang dikumpulkan adalah 14 bank syariah sebayak 70 data. Hasil penelitian menunjukkan bahwa dewan direksi berpengaruh negative erhadap NPF. Dewan komisaris independen, kepemilikan manajerial, kepemilikan institusional, dan dewan pengawas syariah tidak berpengaruh terhadap NPF. The purpose of this study is to determine the effect of the implementation of Good Corporate Governance (GCG) which is proxied by the board of directors, the board of independent commissioners, managerial ownership, institutional ownership, and the sharia supervisory board against payment risk as measured by the Non Performing Financing (NPF) ratio at the Bank Sharia General. The study population was a Sharia Commercial Bank Registered at Financial services Authority. The data used was secondary data in the form of reports annual Sharia Commercial Bank for the period 2015-2019. The samples collected were 14 Islamic banks as much as 70 data. The results showed that the board of directors has a negative effect on NPF. Independent board of commissioners, managerial ownership, institutional ownership, and sharia supervisory board have no effect on NPF.

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The Extent of the Obligation for the Jordanian Private Universities in the Requirements of Corporate Governance to Raise the Performance of the Financial Management: A Field Study

International Journal of Economics and Finance ◽

10.5539/ijef.v8n1p131 ◽

2015 ◽

Vol 8 (1) ◽

pp. 131

Author(s):

Atef Aqeel Al-Bawab

Keyword(s):

Corporate Governance ◽

Board Of Directors ◽

Financial Management ◽

Private Universities ◽

Simple Random Sample ◽

Financial Reports ◽

Economic Forces ◽

The Board Of Directors ◽

Study Population ◽

Financial Decision

This study aimed to identify on the obligation extent of the Jordanian private universities in the requirements of corporate governance to raise the performance of financial management, The study population included the employees in the financial departments at that population, has been selected a simple random sample of the population, have been distributed the Questionnaires (79) and recalled (68) representing (86%).The study concluded that there is obligation in the requirements of corporate governance, related in shareholders rights, board of directors, financial reports which helps to raise the performance of the financial departments in the Jordanian private universities. The main recommendations were: It’s necessary to continue to comply with the requirements of corporate governance, and must be the members of the Board of Directors with experience and competence, to reflect that positively with financial departments in the Jordanian private universities. that vary over time using the latest information in the market, incorporate the economic forces at play and capture the extreme market volatility. Our findings have direct implications in the financial markets for regulators, corporate financial decision makers, corporations and governments.

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Effect Of Good Corporate Governance On Company Profitability RE & Property Sector In Indonesia

Jurnal Akuntansi ◽

10.24912/ja.v23i1.457 ◽

2019 ◽

Vol 23 (1) ◽

pp. 17

Author(s):

Ahmad Azmy, Dea Restiya Anggreini, Mohammad Hamim

Keyword(s):

Corporate Governance ◽

Board Of Directors ◽

Audit Committee ◽

Negative Relationship ◽

Secondary Data ◽

Return On Assets ◽

Return On Equity ◽

Good Corporate Governance ◽

Panel Data Regression ◽

The Board Of Directors

This study aims to examine the effect of Good Corporate Governance (GCG) on company profitability. The dependent variable are Return On Assets (ROA) and Return On Equity (ROE). The independent variable are Good Corporate Governance (GCG) represented by the Board of Commissioners, the Board of Directors, and the Audit Committee. This study uses secondary data from audited financial statements of Real Estate and Property companies in 2013-2017. The analytical tool used in this study uses panel data regression. Based on the results of the study it is known that the Board of Directors and Audit Committee variables have a significant positive effect on ROA and ROE. The Board of Commissioners variable has no influence and negative relationship to ROA and ROE.

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The Influence of the Size of the Board of Commissioners, Size of the Board of Directors, Size of the Audit Committee, and Company Size on Banking Performance at Indonesian Regional Development Banks in 2015-2020

Annual International Conference on Islamic Economics and Business (AICIEB) ◽

10.18326/aicieb.v1i0.37 ◽

2021 ◽

Vol 1 ◽

pp. 311-322

Author(s):

Ifadatul Musdalifah ◽

Risdiana Himmati

Keyword(s):

Corporate Governance ◽

Regional Development ◽

Board Of Directors ◽

Audit Committee ◽

Secondary Data ◽

Sampling Technique ◽

Good Corporate Governance ◽

The Board Of Directors ◽

Development Banks ◽

Regional Development Banks

This research is motivated by the fact that the ROA of Regional Development Banks in 2015-2019 fluctuated, this shows that there are factors that influence it, one of which is Good Corporate Governance. By implementing Good Corporate Governance and supported by the mechanism will improve banking performance. Banking performance is influenced by the size of the Board of Commissioners, the size of the Board of Directors, the size of the Audit Committee, and the size of the company. The formulation of the problem in this study is how do the size of the board of commissioners, the size of the board of directors, the size of the audit committee, and the size of the company affect banking performance at the regional development banks of Indonesia in 2015-2020?. By using a quantitative approach and the type of secondary data as well as the number of samples of 12 banks were taken using the purposive sampling technique. Data processing using E-Views10 with panel data regression analysis techniques. The results of this study are partially the size of the Board of Commissioners, the size of the Board of Directors, and the size of the company have no significant effect on banking performance. Meanwhile, the size of the Audit Committee has a negative and significant effect on banking performance. Simultaneously the size of the Board of Commissioners, the size of the Board of Directors, the size of the Audit Committee, and the size of the company have a significant effect on banking performance.

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Pengaruh Corporate Governance Terhadap Pemilihan Auditor Eksternal (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2017)

Paediatrica Indonesiana ◽

10.24036/wra.v7i1.104568 ◽

2019 ◽

Vol 7 (1) ◽

pp. 1453

Author(s):

Yelsa Yulia Efwita ◽

Erinos NR

Keyword(s):

Corporate Governance ◽

Board Of Directors ◽

Audit Committee ◽

Stock Exchange ◽

Secondary Data ◽

Manufacturing Companies ◽

External Auditors ◽

The Board Of Directors ◽

Big Four ◽

Selection Of

The purpose of the research is to know the corporate governance that is proxied by the board of commissioners, the effectiveness of the audit committee and the board of directors on the selection of external auditors. This study uses secondary data from the company's annual report for 2015-2017. The sampling method in this study used purposive sampling with a sample of 67 manufacturing companies listed on the Indonesia Stock Exchange in 2015-217. The analysis used in this study is logistic regression analysis. The results showed that the board of commissioners, the effectiveness of the audit committee had a significant positive effect on the selection of external auditors, while the board of directors did not influence the selection of quality external auditors.Keywords: auditor selection, big four, board of commissioners, board of directors

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Corporate Governance dan Kinerja Keuangan

Jurnal Manajemen Bisnis ◽

10.38043/jmb.v17i4.2718 ◽

2020 ◽

Vol 17 (4) ◽

pp. 566-589

Author(s):

Haniatus Sa’diyah

Keyword(s):

Corporate Governance ◽

Data Analysis ◽

Panel Data ◽

Financial Performance ◽

Board Of Directors ◽

Commercial Banks ◽

Sampling Method ◽

Supervisory Board ◽

Testing Methods ◽

The Board Of Directors

This study aims to determine the effect of corporate governance as proxied by the Board of Commissioners, the Board of Independent Commissioners, the Board of Directors and the Sharia Supervisory Board on Financial Performance, through a connecting variable, namely Non Performing Financing (NPF). The sample of this research is using purposive sampling method. The population is 13 Islamic Commercial Banks in Indonesia. The samples obtained were 8 Islamic Commercial Banks. The data is obtained from the quarterly reports of each bank, namely the first quarter of 2017 to the second quarter of 2020. Data analysis and hypothesis testing methods use path analysis using panel data. The results of this study indicate that corporate governance as proxied by the Board of Commissioners, the Independent Commissioner, the Board of Directors and the Sharia Supervisory Board has no effect on financial performance and non-performing financing. This means that higher corporate governance does not affect financial performance or non-performing financing. In this study it was also found that non-performing financing has an effect on financial performance. If non-performing financing decreases, financial performance will increase. In addition, non-performing financing in this study cannot be an intervening variable for corporate governance.

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Pengaruh Good Corporate Governance, Reputasi Underwriter Dan Roa Terhadap Underpricing Tahun 2016-2019

Equilibrium: Jurnal Ekonomi-Manajemen-Akuntansi ◽

10.30742/equilibrium.v17i1.1138 ◽

2021 ◽

Vol 17 (1) ◽

pp. 27

Author(s):

Jazzlin Marvella Gunawan ◽

Kazia Laturette

Keyword(s):

Corporate Governance ◽

Board Of Directors ◽

Stock Exchange ◽

Secondary Data ◽

Secondary Market ◽

Financial Variables ◽

Good Corporate Governance ◽

The Board Of Directors ◽

Negative Effect ◽

High Level

One of the phenomena that occur in Indonesia capital market is underpricing. The underpricing phenomenon occurs when IPO shares are priced lower in the primary market than the closing price on the secondary market. The high level of underpricing can be detrimental to the company because the additional capital obtained through the IPO is not optimal, while the beneficiaries are investors because they get the initial return. This study purpose was to examine the influence of the components of Good Corporate Governance which include the board of commissioners, the independent board of commissioners, the board of directors and ownership concentration, non-financial variables, namely underwriter reputation and financial variables, namely Return On Assets (ROA) on underpricing. Samples were taken using the purposive sampling method. The number of samples finally used was 123 companies from all company sectors that conducted IPOs on the Indonesia Stock Exchange in the 2016-2019 period and experienced underpricing. This study used secondary data obtained from the prospectus, annual report, e-bursa and IDX Factbook in 2016-2019. The results of the multiple linear regression test show that variables including the board of commissioners, independent board of commissioners, board of directors and ROA have a significant negative effect on underpricing which means the larger/higher these variables can minimize underpricing. While the concentration of ownership and underwriter’s reputation did not influence underpricing.

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The Role of Supervisory Board in Corporate Governance in Vietnam: From Legal Regulations to Practice

Revista Gestão Inovação e Tecnologias ◽

10.47059/revistageintec.v11i4.2300 ◽

2021 ◽

Vol 11 (4) ◽

pp. 2546-2563

Author(s):

Dr. Phan Thi Thanh Thuy

Keyword(s):

Corporate Governance ◽

Board Of Directors ◽

Internal Control ◽

Supervisory Board ◽

Governance Structure ◽

Company Law ◽

The Board Of Directors ◽

Supervisory Boards ◽

Control Body

Good corporate governance is always associated with an effective internal control system, which is expected to quickly forecast and detect the infringements of laws and the company's charters committed by the main corporate governance bodies like the board of directors, the general director, and provide timely advice on remedial solutions. Following this theory, since the adoption of the first Vietnamese company law in 1990, the supervisory board, a special body of Vietnamese corporate governance structure, has formed and become a traditionally internal control body in joint-stock companies (JSCs). However, supervisory boards seem not to promote their effectiveness as expected. Many major violations conducted by the board of directors and the CEO took place in large companies, where the supervisory boards did not detect or were complicit in these violations. Most recently, the trend of replacing supervisory boards with independent directors and audit committees has occurred in many public companies in Vietnam. This paradox raises questions about the ineffectiveness of supervisory boards and the reasons causing the situation. To find the answers, the article will focus on analyzing the role of the supervisory board in Vietnamese JSCs compared with international practices. Thereby, to find out the reasons for the limitations of supervisory boards in both legal provision and practice. To conclude the research, the article will make some suggestions for reforming the supervisory board so that this internal control body could bring its effectiveness.

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Pengaruh Corporate Governance terhadap Profitabilitas Bank Umum Syariah (BUS) Indonesia Periode 2011-2016

FALAH Jurnal Ekonomi Syariah ◽

10.22219/jes.v4i1.8742 ◽

2019 ◽

Vol 4 (1) ◽

pp. 98

Author(s):

Jielend Ariandhini

Keyword(s):

Corporate Governance ◽

Financial Performance ◽

Board Of Directors ◽

Commercial Banks ◽

Audit Committee ◽

Supervisory Board ◽

Sampling Technique ◽

Return On Assets ◽

The Board Of Directors ◽

Independent Variable

This study aims to determine the effect of Corporate Governance (CG) as measured by the composition of the board of commissioners, the composition of the board of directors, the composition of the audit committee and the composition of the syariah supervisory board on the profitability of sharia commercial banks as measured by Return On Assets (ROA). The Method of this research is quantitatif by using secondary data with documentation technique. The population used in this study is all sharia commercial banks, based on the financial statements of each bank. The observation period in this research is from 2011 to 2016. The sampling technique is done by purposive sampling method. There are 5 banks, namely Bank Muamalat, Bank Sharia Mandiri, Bank Negara Indonesia Sharia, Bank Rakyat Indonesia Sharia, Bank Central Asia Sharia. Data analysis technique used in this research is panel regression. The results showed that independent variables of board of commissioner and syariah supervisory board have no significant effect on financial performance measured by Return on Asset (ROA). The independent variable of the board of directors has a positive and significant impact on the financial performance measured using Return on Assets (ROA), and the audit committee independent variable has a negative and significant effect on the financial performance measured using Return on Assets (ROA).

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