Electronic Resource
The Implication Of Covid-19 And Corporate Governance On Productivity : Evidence From Islamic Bank In Indonesia
Purpose: This study aims to analyze the implication of covid-19 and corporate
governance on the productivity of Islamic banks in Indonesia during 2011-2020.
Method: The study included a two-step analysis. In the first stage, we would utilize the
Malmquist Productivity Index (MPI) theory to estimate the Total Factor Productivity
(TFP) of nine Islamic commercial banks. Then, with corporate governance and some
controlled variable, i.e., ROE, FDR, and covid-19, a panel tobit regression is performed
to explain how ownership structures, board characteristics, financial banking ratios, and
covid-19 affect bank productivity.
Result/Findings: This study found that, on average, seven Islamic banks out of a total of
nine Islamic commercial banks experienced an increase in productivity or about 77.7%
of the total Islamic commercial banks. Based on individual banks, Victoria Syariah is the
bank that ranks first with the highest TFP value. Then based on the results of panel tobit
regression, only one independent variable is significant to the dependent variable, namely
the FDR variable, which is a proxy for the control variable from the data of financial
banking ratios. While the covid-19 variable statistically negatively influences bank
productivity but is not significant.
No other version available