A PROPOSED CONCEPT OF RISK CULTURE IN INDONESIA'S SHARIAH BANKING
Abstract
This study aims to prove the proposition that organization, leadership, and competence are important factors in forming a risk culture model to strengthen risk management in the context of Indonesia's Shariah Bank, particularly Bank Syariah Mandiri. The authors will use a quantitative deductive approach to build a theoretical model, multiple hypotheses, and data to test the hypotheses in this study. The study will apply structural equation modeling (SEM), a statistical technique that employs a confirmatory approach to analyze a phenomenon's structural theory.
Keywords: Risk Culture, Sharia Risk Management, Bank, Organization, Leadership,
Full Text:
PDFReferences
Aebi, V., Sabato, G., & Schmid, M. (2012). Risk management, corporate governance, and bank performance in the financial crisis. Journal of Banking and Finance, 36(12), 32133226. https://doi.org/10.1016/j.jbankfin.2011.10.020
Amalia, A. N. (2017). Financial stability level on banking industry Comparative Analysis Between Islamic and Conventional Bank In Indonesia. Journal of Economic Managament & Business, Volume 18, Nomor 1, April 2017 ISSN: 1412 968X, Hal. 1-14
Balz, K. (2008). How Islamic Finance Has Transformed Islamic Contract Law. In Islamic Occasional Publications 9, Islamic Legal Studies Program, Harvard Law School, Cambridge
Bank Indonesia, (2018). Nilai-Nilai dan Prinsip Dasar Ekonomi Syariah, Departemen Ekonomi dan Keuangan Syariah Bank Indonesia
Carretta A., & Schwizer P. (2017). Risk Culture. In: Risk Culture in Banking. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham. 2017, https://doi.org/10.1007/978-3-319-57592-6_2
Di Antonio, M. (2017) Risk Culture in Different Bank Businesses. In: Risk Culture in Banking. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-57592-6_3
Dima, A. M. (2009) Operational Risk Assesment Tools For Quality Management in Banking Services, Vol XI, Nr. 26
Arnaboldi F., Vasciaveo C. (2017). Role of Internal Audit on Risk Culture. In: Risk Culture in Banking. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham, 2017 https://doi.org/10.1007/978-3-319-57592-6_18
Banks, E. (2012). Risk Culture : A Practical Guide to Building and Strengthening the Fabric of Risk Management, Palgrave Macmillan
Bernhardsdttir, . E. (2015). Crisis-Related Decision-Making and the Influence of Culture on the Behavior of Decision Makers. In Crisis-Related Decision-Making and the Influence of Culture on the Behavior of Decision Makers. 2015 https://doi.org/10.1007/978-3-319-20714-8
Becker, K., & Smidt, M. (2015). A risk perspective on human resource management: A review and directions for future research. Human Resource Management Review, 26(2), 149165. https://doi.org/10.1016/j.hrmr.2015.12.001
Bhatti, M. (2019). Managing Shariah Non-Compliance Risk via Islamic Dispute Resolution. Journal of Risk and Financial Management, 13(1), 2. https://doi.org/10.3390/jrfm13010002
Bianchi, Nicola, Fiordelisi, F. (2017). Measuring and Assessing Risk Culture. In: Risk Culture in Banking. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham. 2017, https://doi.org/10.1007/978-3-319-57592-6_7
Bott, J., & Milkau, U. (2018). Risk Culture and the Role Model of the Honorable Merchant. Journal of Risk and Financial Management, 11(3), 40. https://doi.org/10.3390/jrfm11030040
Cucinelli D. (2017). Internal Controls and Risk Culture in Banks. In: Risk Culture in Banking. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham. 2017, https://doi.org/10.1007/978-3-319-57592-6_5
Douglas, M and Wildavsky, A. (1983). Risk and Culture: An Essay on the Selection of Technological and Environmental Dangers, University of California Press
Financial Stability Board. (2014). Guidance on Supervisory Interaction with Financial Institutions on Risk Culture
Ginena, K. (2014) "Shariah risk and corporate governance of Islamic banks", Corporate Governance, Vol. 14 No. 1, pp. 86-103.https://doi.org/10.1108/CG-03-2013-0038
International Finance Corporation, (2015) Risk Culture, Risk Governance, and Balanced Incentives. Risk Culture, Risk Governance, and Balanced Incentives. https://doi.org/10.1596/25790
Isaev, M., & Masih, M. (2017). Macroeconomic and Bank Specific Determinants of Different Categories of Non Performing Financing in Islamic Banks Evidence From Malaysia. MPRA Paper, 75599, 124. https://doi.org/10.13140/RG.2.2.27373.38887
Laeven, L and Valencia, F. (2012). Systemic Banking Crises: A New Database , IMF Working Paper,
Laeven, L and Valencia, F. (2018)., Systemic Banking Crises Revisited. IMF Working Paper
Laksa Pratama, G. B., Kusnendi, K., & Utami, S. A. (2020). The Influence of Inflation, Exchange Rates, Car And NPF to Stability of Islamic Banks in Indonesia Period 2015-2019. IQTISHODUNA: Jurnal Ekonomi Islam, 9(1), 29. https://doi.org/10.36835/iqtishoduna.v9i1.468
Milkau, U. (2017). Risk Culture during the Last 2000 YearsFrom an Aleatory Society to the Illusion of Risk Control. International Journal of Financial Studies, 5(4), 31. https://doi.org/10.3390/ijfs5040031
Rossi, C. (2012). Anatomy of Risk Management Practices in the Mortgage Industry, Research Institute for Housing America. https://doi.org/10.2139/ssrn.1617339
Selamat, M. H., & Ibrahim, O. (2018) The Moderating Effect of Risk Culture in Relationship between Leadership and Enterprise Risk Management Implementation in Malaysia. Business Management and Strategy, 9(1), 244.
https://doi.org/10.5296/bms.v9i1.12140
Sheedy, E., Zhang, L., & Tam, K. C. H. (2019). Incentives and culture in risk compliance. Journal of Banking and Finance, 107. https://doi.org/10.1016/j.jbankfin.2019.105611
DOI: https://doi.org/10.3059/insis.v3i1.9599
DOI (PDF): https://doi.org/10.3059/insis.v3i1.9599.g6796
Refbacks
- There are currently no refbacks.