Exploration Study of Sharia Corporate Governance Disclosure on Bank Annual Report of Sharia Business Unit
Zulfikar Zulfikar(1*), Heppy Purbasari(2), Dewita Puspawati(3)(1) Universitas Muhammadiyah Surakarta
(2) Universitas Muhammadiyah Surakarta
(3) Universitas Muhammadiyah Surakarta
(*) Corresponding Author
Abstract
The aim of this study is to identify and investigate the disclosure of sharia corporate governance structures included in the corporate governance disclosure index (CGDI). In 2019, the sample consisted of 19 Sharia Business Unit (SBU) banks. The sharia supervisory board, board of commissioners, board of directors, auxiliary committee of the board of commissioners, internal control and external audit, risk management, and reporting on the application of corporate governance are the seven metrics included in this analysis. This research employs the content analysis process, which entails reading each sample's annual report and then calculating the index score for each bank using a dichotomy approach. BANK CIMB Niaga received a maximum rating of 1.00 in 2019, suggesting that the bank perfectly reported 72 disclosure items from the seven indicators. The bank sample disclosure was found to be high on many dimensions, including the board of commissioners, board of directors, and auxiliary committee of the board of commissioners. On the other hand, among other things, the disclosure of sharia supervisory boards in US banks is generally lacking. The findings of this study show that the average disclosure rate among the bank sample is adequate, with an 89 percent percentage yield.
Full Text:
PDFReferences
Almilia, L. S., & Retrinasari, I. (2007). Analisis garuh Karakteristik Perusahaan dalam Laporan Tahunan
Perusahaan Manufaktur yang Terdaftar di BEJ. Seminar Nasional Inovasi dalam Menghadapi
Perubahan Lingkungan Bisnis. Jakarta: Fakultas Ekonomi Universitas Trisakti.
Archer, S., Ahmed, R. and Al-Deehani, T. (1998), “Financial contracting, governance structures, and the
accounting regulation of Islamic banks: an analysis in terms of agency theory and transaction cost
economics”, Journal ofManagement and Governance, Vol.2No. 2,pp. 149-70.
Chapra, M. U., & Ahmed, H. (2002). Corporate Governance in Islamic Financial Institutions. Islamic
Research and Training Institute, Islamic Development Bank, Jeddah.
Darmadi, S. (2013). Corporate governance disclosure in the annual report: An exploratory study on
Indonesian Islamic banks. Humanomics, 29(1), 4–23.
Diana, P. (2015). Implementasi Tata Kelola Perusahaan Terhadap Nilai Perusahaan: Studi Empiris Pada
Perusahaan Di Indonesia. Ultimaccounting, 7(2), 1–17.
Haniffa, R., & Hudaib, M. (2004). Disclosure practices of Islamic financial institutions: an exploratory study.
Bradford.
Haniffa, R., & Hudaib, M. (2007). Exploring the ethical identity of Islamic banks via communication in
annual reports. Journal of business Ethics, 76(1), 97–116.
Haniffa, R. M., & Cooke, T. E. (2002). Culture, corporate governance and disclosure in Malaysian
corporations. Abacus, 38(3), 317–349.
Hassan, A., & Harahap, S. S. (2010). Exploring corporate social responsibility disclosure: the case of Islamic
banks. International Journal of Islamic and Middle Eastern Finance and Management, 3(3), 203–327.
Hikmah, N., Chairina, & Rahmayanti, D. (2011). Faktor-Faktor yang Mempengaruhi Luas Pengungkapan
Corporate Governance dalam Laporan Tahunan Perusahaan Perbankan yang Terdaftar Di BEI.
Simposium Nasional Akuntansi XIV, 1–32.
Kaihatu, T. S. (2006). Good corporate governance dan penerapannya di Indonesia. Jurnal Manajemen dan
Kewirausahaan, 8(1), 1–9.
Klein, A. (1998), “Firm performance and board committee structure”, Journal of Law and Economics, Vol.
No. 1, pp. 275-303.
Komite Nasional Kebijakan Governance. (2006). Pedoman Umum GCG Indonesia.
Kusumawati, D. N. (2007). Profitability and corporate governance disclosure: an Indonesian study. Indonesian
Journal of Accounting Research, 10(2), 131–146.
Mursalim. (2005). Income smoothing dan motivasi investor: Studi empiris pada investor di Bursa Efek
Jakarta. Simposium Nasional Akuntansi VIII Solo.
Natalia, P. (2012). Analisis Faktor-Faktor Yang Mempengaruhi Pengungkapan Corporate Governance Pada
Laporan Tahunan. Skripsi. Semarang: Fakultas Ekonomi, Universitas Diponegoro.
Ratnaningsih, S. Y., & Hidayati, C. (2012). Pengaruh Corporate Governance Terhadap Manajemen Laba
Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia. Media Mahardhika, 10(3), 38–
Rini, A. K. (2010). Analisis Luas Pengungkapan Corporate Governance Dalam Laporan Tahunan Perusahaan
Publik Di Indonesia. Skripsi. Semarang: Fakultas Ekonomi, Universitas Diponegoro.
Safieddine, A. (2009). Islamic Financial Institutions and Corporate Governance: New Insights for Agency
Theory. Corporate Governance: An International Review, 17(2), 142–158.
Sukandar, P. P., & Rahardja. (2014). Pengaruh Ukuran Dewan Direksi Dan Dewan Komisaris Serta Ukuran
Perusahaan Terhadap Kinerja Keuangan Perusahaan. Diponegoro Journal Of Accounting, 3(3), 1–7.
Sunarwan, E. (2015). Pengaruh Good Corporate Governance (GCG) Terhadap Kinerja Keuangan Perbankan
Syariah. Skripsi. Jakarta: Fakultas Syariah Dan Hukum, Universitas Islam Negeri Syarif Hidayatullah.
Article Metrics
Abstract view(s): 359 time(s)PDF: 752 time(s)
Refbacks
- There are currently no refbacks.
