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PROFIT SHARING DAN MORAL HAZARD DALAM PENYALURAN DANA PIHAK KETIGA BANK UMUM SYARIAH DI INDONESIA

Jurnal Ekonomi dan Pembangunan Indonesia

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Title PROFIT SHARING DAN MORAL HAZARD DALAM PENYALURAN DANA PIHAK KETIGA BANK UMUM SYARIAH DI INDONESIA
 
Creator Nasution, Mustafa Edwin
Wiliasih, Ranti
 
Subject economics
Moral Hazard, Profit Sharing, Error Correction Model,
C32 D21 D82 G21
 
Description There are two purposes that want to be assessed in this paper. The first purpose is to indicate whether the moral hazard problems are occurred in the Indonesian Sharia Bank (The moral hazard in this paper is the Indirect Moral Hazard which is the negligence of bank in the financing process influencing the moral hazard problems of the debtor in the other side. The second purpose is to assess whether the financing policies in the Sharia Banking are influenced by profit sharing system. The data for assessing this paper are acquired from the monthly financial reports published by Sharia Banks such as BSM and BM] from January 2001 to December 2004. The research based on the Error Correction Model in the long term shows that the increasing of allocation ratio of Murabahah to Musyarakah and Mudharabah results the increasing of non performing financing ratio. It indicates that the moral hazard problems are occurred in BM]. The moral hazard indication demonstrates that bank is both less careful in financing and less incentive in monitoring process. It also demonstrates the weakness of the Sharia bank ’s operational system in countering the debtor's moral hazard. The Granger Causality Test proves that profit sharing ratio (nisbah) between bank and debtor influences return ratio, however it does not ‘influence financing allocation). On the other hand, financing allocation ratio influences nisbah ratio, furthermore in BSM case, return ratio influences nisbah ratio. This description shows that nisbah ratio is not only an instrument for calculating revenue/return distribution but also an instrument for Sharia bank in synchronizing profit sharing level with the interest rate in conventional bank.
 
Publisher Department of Economics-FEB UI
 
Contributor —
 
Date 2007-01-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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Format application/pdf
 
Identifier http://jepi.fe.ui.ac.id/index.php/JEPI/article/view/175
10.21002/jepi.v7i2.175
 
Source Jurnal Ekonomi dan Pembangunan Indonesia; Vol 7, No 2 (2007): Januari; 231-255
2406-9280
1411-5212
 
Language eng
 
Relation http://jepi.fe.ui.ac.id/index.php/JEPI/article/view/175/89
 
Coverage Indonesia
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