Profit Sharing Ratio Research Articles

Comparisons of Pre-Sale Strategies for a Fresh Agri-Product Supply Chain with Service Effort

Preselling strategies have been a common marketing tool, but research on this selection is limited. Thus, we examine three pre-sale strategies of a manufacturer who produces and sells a seasonal product to a retailer: (1) supplier pre-sale strategy—the supplier carries out preselling by opening a direct channel; (2) retailer pre-sale strategy—the retailer purchases pre-sale products from the supplier and sells them in online and offline channels; and (3) joint pre-sale strategy—the retailer acts as a pre-sale platform, providing order information and pre-sale services. For each preselling mode, we construct the Stackelberg game model aiming to maximize profits and obtain optimal service levels and pricing decisions. We find that the two latter scenarios, that is, to cooperate with the retailer (retailer pre-sale and joint pre-sale strategies), could highly gain more profit for the supplier compared with the former. For the supplier, the joint pre-sale strategy will likely be the dominant strategy because of its wide-range applicability. On the contrary, the retailer is swaying between retailer pre-sale and joint pre-sale strategies under different conditions. For the supplier, leadership always guarantees a high profit, but if the joint pre-sale strategy is adopted, then the existence of a profit-sharing ratio will narrow the profit gap between the two players.

THE INFLUENCE OF SHARIA COMPLIANCE AND ISLAMIC CORPORATE GOVERNANCE ON FRAUD IN ISLAMIC BANKS IN INDONESIA

This study aims to examine the Influence of Sharia Compliance and Islamic Corporate Governance on fraud on Islamic banks in Indonesia. The independent variable that was mummified was sharia compliance with Islamic Income Ratio (IsIR), Profit Sharing Ratio (PSR), Islamic Investment Ratio (IIR), and Islamic Corporate Governance. The dependent variable used is fraud that occurs in Islamic commercial banks in Indonesia. The research method used in this study is the method of library research. The type of data used is secondary data in the form of financial statement data and annual GCG implementation reports for the period of 2014 to 2018. The population in this study were all Sharia Commercial Banks (BUS) registered at Bank Indonesia in the period 2014 to 2018. The sample was selected using the purposive sampling method. The total sample used in this study amounted to 11 Islamic Commercial Banks with a study period of 5 years. The analytical method used in this study is multiple regression processed using SPSS version 23. The results of this study indicate that the variable sharia compliance as a proxy Islamic Income Ratio (ISIR), Profit Sharing Ratio (PSR), Islamic Investment Ratio (IIR), have a negative effect on Islamic bank’s fraud while Islamic corporate governance had no effect on fraud in Islamic banks in Indonesia.

ANALYSIS OF CUSTOMER BANK BRI SYARIAH PREFERENCES OF CIAMIS BRANCH OFFICES ON FUNDING PRODUCT ATTRIBUTES

This study analyzes the product attributes of fund collection that are the customer preferences of Bank BRI Syariah Ciamis Branch Office and analyzes the attributes that are most considered by customers in using fund collection products. The basic method of this research is descriptive. The method of analysis of customer preferences is the chi-square analysis and to analyze the attributes that are most considered by customers is the Fishbein multi-attribute analysis. It is known that customer preferences for product attributes of raising funds are a proportion of larger profit-sharing ratios for customers, many ATM network facilities, friendly service, affordable public transport office locations. Product attributes of fund collection that are considered by customers in using BRI Syariah fund collection products at the Ciamis Branch Office are locations with attitude index values ​​(Ao).

The Effect of Good Corporate Governance and Islamicity Financial Performance Index of Internal Fraud Sharia Banking Period 2014-2017

This study aims to study the effect of Good corporate governance and the Islamic Financial Performance Index on Internal fraud. The Islamicity Financial Performance Index indicators used are Profit Sharing Ratios, Islamic Income Ratios, Islamic Investment Ratios, and Equitable Distribution Ratios. Using quantitative with secondary data taken from the website of each Islamic Banks (BUS) period 2014-2017. The survey used in this study is a company regristered in the Islamic Banks (BUS) Financial Services Statistics 2017. The total sample is 11 Islamic Banks. The technique of deliver data, while the data analysis technique uses multiple linear regression techniques with SPSS 23. The results of the study indicate that Good corporate governance and Islamic Income Ratio show positivity to internal fraud. While the variable Profit Sharing Ratio, Islamic Investment Ratio, and Equitable Distribution Ratio have no effect on Internal fraud

Pengaruh Islamicity Performance Index Terhadap Profitabilitas Bank Umum Syariah Indonesia Periode 2014-2018

This study focuses on the purpose of analyzing the effect of the Islamicity Performance Index which will be proxied by the Profit Sharing Ratio, Zakat Performing Ratio, Equitable Distribution Ratio and Islamic Income VS Non-Islamic Income Ratio on the profitability of Islamic Commercial Banks in Indonesia. This study uses 7 samples of Islamic commercial banks in Indonesia using the annual financial statements from the period 2014-2018. The sample in this study was selected using the Purposive Sampling Method. While the method used for data analysis in this study uses the Common Effect Model analysis panel data regression. The results of the analysis in this study indicate that the profit sharing ratio, equitable distribution ratio, and Islamic Income vs. non-Islamic Income variables have no effect on Return on Assets (ROA). As for the zakat variable Performing ratio has a positive and significant effect on Return on Assets (ROA).Keywords: Islamicity Performance Index, Profitability.

The Influence of Sharia Complaince Against Fraud on The Sharia Banks In Indonesia


 Penelitian ini bertujuan untuk menganalisis seberapa besar pengaruh syariah complaince terhadap profitabilitas Bank Umum Syariah Indonesia. Sampel dipilih dengan metode purposive sampling sehingga didapat 9 sampel bank umum syariah Unit analisis dalam penelitian berjumlah 45 laporan tahunan Bank Umum Syariah. Pendekatan penelitian dengan metode kuantitatif menggunakan data sekunder. Jenis data kuantitatif berupa data laporan keuangan (annual report) masing-masing bank dari tahun 2013 sampai 2017. Hasil dari penelitian ini dilihat dari hasil uji F, variabel Profit Sharing Ratio (PSR), Islamic Income Ratio (IsIR), dan Islamic Invesment Ratio (IIR) secara simultan tidak berpengaruh signifikan terhadap variabel fraud. Dari hasil uji t variabel Profit Sharing Ratio (PSR), Islamic Income Ratio (IsIR), dan Islamic Invesment Ratio (IIR) tidak berpengaruh dan tidak signifikan terhadap variabel fraud. Berdasarkan hasil analisis diatas dengan tidak adanya pengaruh tersebut disebabkan, kegiatan pada perbankan syariah saat ini melaksanakan kepatuhan pada prinsnip-prinsip syariah, karena semakin rendah tingkat fraud semakin tinggi tingkat shariah complaince pada perbankan syariah. Bagi pihak bank tetap harus meningkatkan tingkat kepatuhan pada pinsip-prinsip syariah dan juga melakukan kegiatan terhadap pencegahan penipuan.

Wholesale or drop-shipping: Contract choices of the online retailer and the manufacturer in a dual-channel supply chain

We consider a dual-channel supply chain consisting of a manufacturer, an online retailer, and a physical store, where the online order is fulfilled by either the conventional wholesale contract or the drop-shipping contract. We study the vertical and horizontal competitions among the three members via considering different power structures of the supply chain. To derive the contract choices of the online retailer and the manufacturer, we construct three game models to determine their optimal pricing decisions, investigate the corresponding applicable conditions and the most profitable power structure under each contract, then compare the profits between the two contracts. We find that: (i) The drop-shipping contract is the only option when the product's matching probability and the travel cost to the physical store are relatively low. (ii) No matter under which contract, the online retailer can benefit from the unbalanced bargaining power between the dual-channel retailers. But the manufacturer makes the most profit if the two retailers have the same bargaining power under the wholesale contract or if the online retailer is the first-mover under the drop-shipping contract. (iii) For the online retailer, the contract choice always depends on the profit-sharing ratio. For the manufacturer, the contract choice depends on the profit-sharing ratio if the product's matching probability and the travel cost to the physical store are moderate. Otherwise, either of the two contracts should be adopted under certain circumstances regardless of the profit-sharing ratio.

THE FACTORS THAT INFLUENCES OF THE FRAUD IN SYARIAH BANK

The objective of this research was to prove empirically the factors affecting the fraud in Sharia Banks. This factor was measured by the Sharia compliance proxied by the Profit Sharing Ratio, the Islamic Income Ratio, the Islamic Investment Ratio, and the Islamic Corporate Governance. The sampling technique used in this research was purposive sampling. The number of this sample was 9 Sharia Commercial Bank with 5-year observation. The type of this research was the descriptive statistic and the classical assumption test. The analysis tool used in this research was SPSS version 20.0. The result of this research showed that the Islamic Investment Ratio and Islamic Corporate Governance affected the fraud; while, the Profit Sharing Ratio and Islamic Income Ratio did not affect the fraud.

Impact of Islamic and conventional corporate governance mechanisms on ethical performance of Islamic banks: evidence from Malaysia

This paper aims to study empirically the impact of Islamic and conventional corporate governance mechanisms on ethical performance through econometric panel data constructed from 17 Malaysian Islamic banks observed over 7 years from 2005 to 2011. The results indicate that there is a significant relationship between the ethical performance of Malaysian Islamic banks, measured by the Profit Sharing Ratio (PSR); the Zakat Performance Ratio (ZPR) and the Islamic Income versus Non-Islamic Income Ratio (IIVNIR), and the Islamic governance variables.

FACTORS INFLUENCING THE ISLAMIC FINANCIAL PERFORMANCE ON SHARIA BANKING IN INDONESIA BY CIRCULAR CAUSATION MODEL

The objective of this study is to investgate some factors that influence the Islamic financial performance of Islamic bank Indonesia. The population in this research uses all Sharia Commercial Banks published by Bank Indonesia in 2011-2016. The purposive sampling technique used as the sampling method. A total of 48 annual reports have been analyzed using circular causation models The finding of this research shows that the Good Corporate Governance influence the Profit Sharing Ratio, Zakat Performance Ratio, while the Profit Sharing Ratio, Zakat Performance Ratio affected the Good Corporate Governance. The variable of Corporate Social Responsibility affected the Profit Sharing Ratio and Equitable Distribution Ratio, whereas Profit Sharing Ratio and Equitable Distribution Ratio affected the Corporate Social Responsibility. The variable of GCG has influenced on CSR and vice versa. This research finding provides managerial implications for Sharia banking. The Islamic financial performance can be used in tesing the ratios which are a reflection of business performance, as well as OJK (Financial Services Authority) the Sharia Performance Index can be used in making the policy for measuring the Financial Performance.

FACTORS INFLUENCING THE ISLAMIC FINANCIAL PERFORMANCE ON SHARIA BANKING IN INDONESIA BY CIRCULAR CAUSATION MODEL

The objective of this study is to investgate some factors that influence the Islamic financial performance of Islamic bank Indonesia. The population in this research uses all Sharia Commercial Banks published by Bank Indonesia in 2011-2016. The purposive sampling technique used as the sampling method. A total of 48 annual reports have been analyzed using circular causation models The finding of this research shows that the Good Corporate Governance influence the Profit Sharing Ratio, Zakat Performance Ratio, while the Profit Sharing Ratio, Zakat Performance Ratio affected the Good Corporate Governance. The variable of Corporate Social Responsibility affected the Profit Sharing Ratio and Equitable Distribution Ratio, whereas Profit Sharing Ratio and Equitable Distribution Ratio affected the Corporate Social Responsibility. The variable of GCG has influenced on CSR and vice versa. This research finding provides managerial implications for Sharia banking. The Islamic financial performance can be used in tesing the ratios which are a reflection of business performance, as well as OJK (Financial Services Authority) the Sharia Performance Index can be used in making the policy for measuring the Financial Performance.

THE INFLUENCE OF SHARIA COMPLAINCE AGAINST FRAUD ON THE SHARIA BANKS IN INDONESIA

This study aims to analyze how big the influence of sharia compliance towards the profitability of Islamic Banks in Indonesia. The sample selected by the method of purposive sampling so obtained 9 samples of islamic banks The Unit of analysis in the study amounted to 45 of the annual report of Islamic Banks. Research approach with quantitative methods using secondary data. Type the quantitative data in the form of data of financial statements (annual report) each bank of the the year 2013 until 2017. The results of this study seen from the results of the F test, a variable Profit Sharing Ratio (PSR), Islamic Income Ratio (IsIR), and Islamic Investment Ratio (IIR) simultaneously no significant effect on the variable fraud. From the results of t test variable Profit Sharing Ratio (PSR), Islamic Income Ratio (IsIR), and no significant effect on the variable fraud. From the results of t test variable Profit Sharing Ratio (PSR), Islamic Income Ratio (IsIR), and Islamic Investment Ratio (IIR) no effect and not significant on the variable fraud. Based on the results of the above analysis in the absence of such influence caused, the activities in Islamic banking are currently carrying out compliance on sharia principles, because the lower the level of fraud the higher the level of shariah compliance on Islamic banking. The banks still have to improve the level of compliance with the principles of sharia and also do activities to the prevention of fraud.

THE INFLUENCE OF SHARIA COMPLAINCE AGAINST FRAUD ON THE SHARIA BANKS IN INDONESIA

This study aims to analyze how big the influence of sharia compliance towards the profitability of Islamic Banks in Indonesia. The sample selected by the method of purposive sampling so obtained 9 samples of islamic banks The Unit of analysis in the study amounted to 45 of the annual report of Islamic Banks. Research approach with quantitative methods using secondary data. Type the quantitative data in the form of data of financial statements (annual report) each bank of the the year 2013 until 2017. The results of this study seen from the results of the F test, a variable Profit Sharing Ratio (PSR), Islamic Income Ratio (IsIR), and Islamic Investment Ratio (IIR) simultaneously no significant effect on the variable fraud. From the results of t test variable Profit Sharing Ratio (PSR), Islamic Income Ratio (IsIR), and no significant effect on the variable fraud. From the results of t test variable Profit Sharing Ratio (PSR), Islamic Income Ratio (IsIR), and Islamic Investment Ratio (IIR) no effect and not significant on the variable fraud. Based on the results of the above analysis in the absence of such influence caused, the activities in Islamic banking are currently carrying out compliance on sharia principles, because the lower the level of fraud the higher the level of shariah compliance on Islamic banking. The banks still have to improve the level of compliance with the principles of sharia and also do activities to the prevention of fraud.

SHARIA COMPLIANCE AND ISLAMIC CORPORATE GOVERNANCE

This study aims to examine the effect of sharia compliance and Islamic corporate governance on fraud in Sharia banks. Independent variables used are sharia compliance with Profit Sharing Ratio as a proxy and Islamic corporate governance. The dependent variable used is fraud. The population in this study is all Sharia Banks which is registered in Bank Indonesia in the period 2015 to 2017. The sample was selected using purposive sampling method. Sample size in this research as much as 33 Sharia Banks. Those total samples used in this study which consist of 11 Sharia Banks within 3-year study period. The analytical method used in this study is multiple linier regression.The results of this study indicate that the sharia compliance with the Profit Sharing Ratio as a proxy, has a negative effect on fraud in Sharia bank while Islamic corporate governance has no positive effect on fraud in Sharia banks.

The Role Of Intellectual Capital In Modernizing The Influence Of Good Corporate Governance And Sharia Compliance Of Sharia Banks

<p class="IABSSS"><strong>Purpose</strong> - Improved financial performance of Islamic banks can be done by improving the system of corporate governance and sharia compliance. In addition to a good corporate governance system and sharia compliance, other factors such as intellectual capital in sharia banks can also improve financial performance. The purpose of this study was to determine the role of intellectual capital in moderating the effect of good corporate governance and sharia compliance on financial performance of sharia banks in 2013-2017.</p><p class="IABSSS"><strong>Method</strong><strong> </strong>- Sampling technique used is purposive sampling. The analytical technique used is panel data regression test with software Eviews 9.</p><p class="IABSSS"><strong>Result</strong><strong> </strong>- It is found that good corporate governance and Islamic Income Ratio have an effect on the financial performance of sharia banks which is poxied by return on assets. Besides that, intellectual capital modernizesgood corporate governance and Islamic Income Ratio on the financial performance of sharia banks, but it does not modernize sharia compliance which is proxied with Profit Sharing Ratio (PSR) and Zakat Performing Ratio (ZPR).</p><p class="IABSSS"><strong>Implication</strong> - This study uses the data from 14 islamic commercial banks in Indonesia.</p><p><strong>Originality</strong> - The papers look into the role of intellectual capital variables in the relationship of good corporate governance and sharia compliance to the financial performance.</p>

The Role Of Intellectual Capital In Modernizing The Influence Of Good Corporate Governance And Sharia Compliance Of Sharia Banks

Purpose - Improved financial performance of Islamic banks can be done by improving the system of corporate governance and sharia compliance. In addition to a good corporate governance system and sharia compliance, other factors such as intellectual capital in sharia banks can also improve financial performance. The purpose of this study was to determine the role of intellectual capital in moderating the effect of good corporate governance and sharia compliance on financial performance of sharia banks in 2013-2017.Method - Sampling technique used is purposive sampling. The analytical technique used is panel data regression test with software Eviews 9.Result - It is found that good corporate governance and Islamic Income Ratio have an effect on the financial performance of sharia banks which is poxied by return on assets. Besides that, intellectual capital modernizesgood corporate governance and Islamic Income Ratio on the financial performance of sharia banks, but it does not modernize sharia compliance which is proxied with Profit Sharing Ratio (PSR) and Zakat Performing Ratio (ZPR).Implication - This study uses the data from 14 islamic commercial banks in Indonesia.Originality - The papers look into the role of intellectual capital variables in the relationship of good corporate governance and sharia compliance to the financial performance.

INTELLECTUAL CAPITAL, PROFIT SHARING RATIO, DAN CORPORATE GOVERNANCE PADA BANK UMUM SYARIAH DI INDONESIA

This research is meant to analyze the influence of intellectual capital to the profit sharing ratio (PSR) of Syariah Commercial Banks with corporate governance as the intervening variable. The population is Syariah Commercial Banks which are listed in Bank Indonesia in 2011-2016 periods which is done by using the financial statement data which has been obtained by using purposive sampling and based on the determined criteria, so 57 (fifty seven) samples which have met the criteria. The analysis technique has been done by using multiple linear regressions analysis and path analysis. Based on the result of multiple linear regressions analysis and path analysis with its significance rate is 5% so that the result of this research shows that: 1) intellectual capital has not influence to the profit sharing ratio (PSR), 2) intellectual capital has influence to the profit sharing ratio (PSR) with corporate governance as intervening variable.

Adverse selection analysis for profit and loss sharing contracts

PurposeThe purpose of this paper is to determine the optimal profit-and-loss sharing (PLS)-based contract when market frictions occur.Design/methodology/approachThis paper opts for an adverse selection analysis and Monte Carlo simulation to assess the less risky contract for the principal and the agent when musharakah, mudarabah and venture capital financings are used in imperfect markets. Furthermore, this framework enables us to capture the level of market frictions that the principal can bear and the level of audit that he/she may undertake to mitigate bankruptcy.FindingsThe simulation results reveal thatMusharakahis the less risky contract for the principal compared toMudarabahand venture capital when the shock is low and high. Furthermore, our findings indicate that the increase of market frictions engender higher audit cost and profit-sharing ratios. The increase of the safety index in the case of high shock is most likely attributed to the increase of the audit parameter for all contracts to mitigate the selfish behavior of the agent. Accordingly, the principal tends to require a higher profit-sharing ratio to compensate for the severer information asymmetry.Research limitations/implicationsThis paper has two main limits. First, the results were not compared to real data because the latter are not available. Second, this paper is a general framework to determine the less risky contract for the principal and does not consider the firm and sectoral characteristics. However, it can be extended in various ways where stress can be put on conflicts of interest between the principal and the agent with the aim to determine the contract that aligns their interests. In addition, the examination of firm dynamics in the case of equity and debt financing can provide further arguments for economic agents regarding the value of the firm, the growth rate and the lifetime of the project when information is asymmetrically distributed.Practical implicationsThe findings shed some light on the necessity of the Islamic finance experts to re-think of the promotion ofMusharakahbecause it dominates the two other contracts when market frictions occur.Social implicationsAlthough Maghrabi and Mirakhor (2015), Alanzi and Lone (2015) and Lone and Ahmad (2017) among others showed that profit and loss sharing can ensure economic growth, findings may motivate economic players to considerMusharakahfinancing with the aim to reach financial inclusion and social, which is in line withShari’ahrequirements and Islamic values.Originality/valueAlthough several papers highlighted the financial contracting theory fromShari’ahperspective, they ignored the financial issues that are associated to adverse selection. This paper provides theoretical evidence regarding the selection of the less risky financing mode in case of equity financing using Monte Carlo simulation.

Design of balanced energy savings performance contracts

Energy savings performance contracts between the energy users and the energy service companies (ESCO) are used to finance energy efficiency investments by using the future energy savings that will result from these investments. We present an analytical model to characterise the energy savings performance contracts and discuss how the risks of estimating the energy savings affect the energy user and the service provider. This characterisation allows determination of the contract parameters for a balanced contract with the information about the energy savings that are expected from the planned energy-efficiency investments. Since it is difficult to get the statistical information about the energy savings before investing in an energy-efficiency project, we develop a distribution-free contract that sets the guaranteed energy savings level based on the mean and the standard deviation of the energy savings and the profit-sharing ratio between the ESCO and the energy user. We show that a simple distribution-free balanced contract performs satisfactorily when the distribution of the energy savings is not known and its mean and the standard deviation are estimated with error. Our analytical results show that the energy savings contracts with the right parameters can mitigate the risks related to realisation of the anticipated energy savings.

Intellectual Capital and Financial Performance: The Role of Good Corporate Governance (Study on Islamic Banking in Indonesia)

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