THE EFFECT OF SPIN-OFF POLICY AND MACROECONOMIC FUNDAMENTAL FACTORS ON THIRD PARTY FUNDS AT SHARIA GENERAL BANKS

English

  • Fatima Tuzzahara Alkaf Universitas Pancasila
  • Nana Nawasiah
Keywords: Third-Party Funds; Spin-Off Policy; Macroeconomic Fundamental Factors

Abstract

In enhancing the development of Islamic banking, the government issued Law No. 21 of 2008 concerning spin-off. With this policy, it is expected that Islamic Commercial Banks will develop. This study aims to implement panel data regression to examine in depth the influence of spin-off policy and macroeconomic fundamental factors on third party funds of Sharia General Banks. Sampling by purposive sampling, six (6) Sharia General Banks that have conducted spin-offs and financial report data from 2014-2018. The Chow Test and the Hausman Test show that the panel data regression model that matches the variable data used in 2014-2018 is the Random Effect Model (REM). Empirical results show that during the 2014-2018 period, the spin-off policy and macroeconomic fundamental factors had a significant effect on the bank's third-party funds simultaneously. Partially, only the spin-off policy has a significant effect on third party funds.

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Published
2021-03-23
How to Cite
Alkaf, F., & Nawasiah, N. (2021). THE EFFECT OF SPIN-OFF POLICY AND MACROECONOMIC FUNDAMENTAL FACTORS ON THIRD PARTY FUNDS AT SHARIA GENERAL BANKS. JOURNAL OF APPLIED MANAGERIAL ACCOUNTING, 5(1), 08-22. https://doi.org/10.30871/jama.v5i1.2738