SỐ 188 | THÁNG 11/2021
Công bố thông tin, quản trị Shariah và hiệu quả tài chính trong các ngân hàng Hồi giáo
Mariem Ben Abdallah, Slah Bahloul
Hiệu quả tài chính
ngân hàng Hồi giáo
tiêu chuẩn công bố thông tin AAOIFI
quản trị Shariah
Phương pháp thời điểm tổng quát (GMM)
3SLS
Tóm tắt:
Mục đích – Nghiên cứu này nhằm mục đích điều tra tác động của việc công bố thông tin và quản trị Shariah đối với hoạt động tài chính tại các ngân hàng Hồi giáo MENASA (Trung Đông, Bắc Phi và Đông Nam Á).
Thiết kế/phương pháp/cách tiếp cận – Chúng tôi sử dụng mô hình hồi quy Bình phương nhỏ nhất tổng quát (GLS) để kiểm tra mối quan hệ phụ thuộc giữa việc công bố thông tin, quản trị Shariah và hiệu quả tài chính của 47 ngân hàng Hồi giáo (IB) từ mười quốc gia hoạt động trong khu vực MENASA. Khoảng thời gian lấy mẫu là từ năm 2012 đến năm 2019. Trong các mô hình hồi quy này, Tỷ suất sinh lời trên tài sản (ROA) và Tỷ suất sinh lời trên vốn chủ sở hữu (ROE) là các biến phụ thuộc. Việc công bố và các chỉ số quản trị Shariah là những yếu tố độc lập. Để đo lường quản trị Shariah, chúng tôi sử dụng ba chỉ số phụ, đó là Hội đồng quản trị (BOD), Ủy ban kiểm toán (AC) và Ban giám sát Shariah (SSB). Quy mô, Đòn bẩy và Tuổi của ngân hàng được sử dụng làm biến kiểm soát. Chúng tôi cũng đã sử dụng Phương pháp tổng quát hóa thời điểm (GMM) và ước tính bình phương nhỏ nhất ba giai đoạn (3SLS) để kiểm tra độ chắc chắn.
Kết quả – Kết quả cho thấy mối quan hệ tiêu cực giữa việc công bố thông tin và hai thước đo hiệu suất trong IB. Hơn nữa, đối với các chỉ số quản trị, chúng tôi nhận thấy rằng HĐQT và AC, cũng như HĐQT và SSB, có tác động tích cực và đáng kể đến ROA và ROE, tương ứng. Điều này cho thấy rằng quản trị tốt có mối liên hệ đáng kể với hiệu suất cao hơn trong MENASA IB.
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Disclosure, Shariah governance and financial performance in Islamic banks
Financial performance
Islamic banks
AAOIFI disclosure standards
Shariah governance
Generalized method of moments (GMM)
3SLS
Abstract:
Purpose
This study aims at investigating the impact of the disclosure and the Shariah governance on the financial performance in MENASA (Middle East, North Africa and Southeast Asia) Islamic banks.
Design/methodology/approach
We use the Generalized Least Squares (GLS) regression models to check the interdependence relationship between the disclosure, the Shariah governance and the financial performance of 47 Islamic banks (IBs) from ten countries operating in MENASA region. The sample period is from 2012 to 2019. In these regressions models, Return on Assets (ROA) and Return on Equity (ROE) are the dependent variables. The disclosure and the Shariah governance indicators are the independent factors. To measure the Shariah governance, we use the three sub-indices, which are the Board of Directors (BOD), the Audit Committee (AC) and the Shariah Supervisory Board (SSB). Size, Leverage and Age of the bank are used as control variables. We also used The Generalized Method of Moments (GMM) and the three-stage least squares (3SLS) estimations for robustness check.
Findings
Result shows a negative relationship between the disclosure and the two performance measures in IBs. Furthermore, as far as the governance indicators are concerned, we found that the BOD and AC, as well as the BOD and SSB, have a positive and significant impact on the ROA and ROE, respectively. This reveals that good governance had a significant association with higher performance in MENASA IBs.
Originality/value
The paper considers both IBs that adopt mandatory as well as voluntary AAOIFI standards and the GLS method to investigate the impact of the AAOIFI disclosure and the Shariah governance on ROA and ROE. Also, it uses the GMM and the 3SLS estimations for robustness check. It is relevant for researchers, policymakers and stakeholders concerned with IBs' performance.