PROSEDUR UJI KEPATUHAN TERHADAP PRINSIP BERSAING ISLAMI PADA INDUSTRI PERBANKAN SYARIAH: SEBUAH PROPOSAL BERDASARKAN TEORI DAN KAJIAN EMPIRIS ORGANISASI INDUSTRI
Article Sidebar
Accepted
4 February 2018
Published
1 July 2012
Abstract
An industry in Islamic Economics is required to compete perfectly regardless of its market structure. How to ensure this rule being implemented in reality, however, has been neglected either in literatures or by industry supervisors. This paper is aimed at proposing a systematic procedure to test the industry compliance toward islamic competition rules. The advance of theory and empirics of New Empirical Industrial Organization is used to formulate the procedure. There are two conditions to satisfy for an industry to have an islamic competition. The first and necessary condition is rejecting the Traditional Hypothesis which is based on collutive bahaviour of dominant banks. The second and sufficient condition is, the perfect competition is driven more by the intention of syariah compliance rather than due to the pressure of contestability.
Keywords: SCP Paradigm, Perfect Competition, Contestable Market, Traditional Hypothesis, New Empirical Industrial Organization, Islamic Competition, Structural Approach, Nonstructural Approach, Panzar and Rosse Model
References
Afiatun, P. dan S.K. Wiryono. 2010. Efficiency and Productivity of Indonesian Islamic Banking. Jurnal Manajemen Teknologi, Vol. 9, No. 3, pp. 264-278
Ajlouni, M.M. 2010. The Main Features of the Structure-ConductPerformance (SCP) Literature in Banking during the Period 1960s1980s. International Journal of Economic Perspectives, Vol. 4, Issue 3, pp. 509-523.
Amalia, F. dan M.E. Nasution. 2007. Perbandingan Profitabilitas Industri Perbankan Syariah dan Industri Perbankan Konvensional Menggunakan Metode Struktur Kinerja dan Perilaku. Jurnal Ekonomi dan Pembangunan Indonesia, Vol. VII No. 02, pp. 3151.
Bank Indonesia. 2002. Cetak Biru Pengembangan Perbankan Syariah Indonesia. Bank Indonesia, Jakarta.
Bank Indonesia. 2005. Pemetaan Hasil Penelitian Potensi, Preferensi,dan Perilaku Masyarakat terhadap Bank Syariah Indonesia. Kajian Perbankan Syariah No. 7/7/2005.
Bank Indonesia. 2008. Grand Strategy of Islamic Banking Market Development. Directorate of Islamic Banking, Bank Indonesia, Jakarta.
Bank Indonesia, 2011. Outlook Perbankan Syariah 2011. Bank Indonesia, Jakarta.
Bikker, J.A., L. Spierdijk and P. Finnie. 2007. Misspecification of PanzarRosse Model: Assessing Competition in the Banking Industry. www.rug.nl
Carlton, D.W. and J.M. Perloff. 2000. Modern Industrial Organization, 3rd Edition. Addison-Wesley, Massachusetts.
Chong, B.S. and M-H. Liu. 2009. Islamic Banking: Interest Free or Interest Based? Pacific-Basin Finance Journal, Vol. 17 Issue 1, pp. 125144.
Demsetz, H. 1973. Industry, Structure, Market Rivalry and Public Policy. Journal of Law and Economics, Vol. 16 (April), pp. 1-9.
Fahmi, I. 2010. Memahami Perilaku Konsumen; Kunci Pengembangan Bank Syariah. Jurnal Ekonomi Islam Republika IQTSHODIA, 25 Nopember.
Firdaus, M. 2011. Aplikasi Ekonometrika untuk Data Panel dan Time Series. IPB Press, Bogor.
Hamza, R.A. 2011. Validation PanzarRosse Model in Determining the Structural Characteristics of Tunisian Banking Industry. Journal of Economics and International Finance, Vol. 3(5), pp. 259-268.
Hannan, T. H. 1991. Foundations of Structure-Conduct-Performance Paradigm in Banking. Journal of Money, Credit and Banking, Vol. 23 No. 1 pp. 68-84.
Haron, S. 2004. Determinants of Islamic Bank Profitability. Global Journal of Finance and Economics, Vol. 1 No. 1, March. USA
Haron, S and W.N.W. Azmi. 2008. Determinants of Islamic and Conventional Deposits in the Malaysian Banking System. Managerial Finance, Vol. 34 Iss: 9, pp 618-643.
Hoose, D.V. 2010. The Industrial Organization of Banking; Bank Behavor, Market Structure, and Regulation. Springer, Heidelberg.
Hutapea, E.G. and R.A. Kasri. 2010. Bank Margin Determination: A Comparison Between Islamic and Conventionl Banks in Indonesia. International Journal of Islamic and Middle Eastern Finance and Management, Vol. 3 No. 1, pp. 6682.
Iqbal, M. and P. Molyneux. 2005. Thirty Years of Islamic Banking: History, Performance, and Prospects. Palgrave Macmillan, New York.
Ismail. 2011. Perbankan Syariah. Kencana Prenada Media Group, Jakarta.
Izhar, H. And M. Asutay. 2007. Estimating the Profitability of Islamic Banking: Evidence from Bank Muamalat Indonesia. Review of Islamic Economics, Vol. 11, No.2, pp. 17-29
Karim, A. A. 2003. Ekonomi Mikro Islami, Edisi Kedua. The International Institute of Islamic Thought Indonesia, Jakarta.
Karim, A.A. and A.Z. Affif. (tanpa tahun). Islamic Banking Consumer Behaviour in Indonesia: A Qualitative Approach. www.kau.edu.sa.
Kasri, R.A. 2011. The Determinants of Islamic Banking Growth in Indonesia. Journal of Islamic Economics, Banking and Finance, Vol. 6, No. 2, pp. 41-64.
Kasri, R.A. and S.H. Kassim. 2009. Empirical Determinants of Saving in The Islamic Banks: Evidence from Indonesia. Journal of Islamic Economics, Vol. 22, No. 2, pp. 3-23.
Khan, M.S. and A. Mirakhor. 1992. Islam and the Economic System. Review of Islamic Economics, Vol. 2 No. 1, pp. 1-29.
Mannan, M. A. 1997. Teori dan Praktek Ekonomi Islam. Dana Bhakti Prima Yasa. Yogyakarta.
Martin, S. 2002. Advanced Industrial Economics, Second Edition. Blackwell Publishing, USA.
Mishkin, F. S. 2004. The Economics of Money, Banking and Financial Markets, 7th Edition. AddisonWesley, Boston.
Neuberger, D. 1998. Industrial Organization of Banking: A Review. International Journal of the Economics of Business, Vol. 5, No. 1, pp 97-118.
Northcott, C.A. 2004. Competition in Banking: A Review of the Literature. Bank of Canada Working Paper 2004-24.
Pusat Pengkajian dan Pengembangan Ekonomi Islam - UII. 2008. Ekonomi Islam. Rajagrafindo Persada, Yogyakarta.
Rasiah, D. 2010. Review of Literature and Theories on Determinants of Commercial Bank Profitability. Journal of Performance Management, January 1 2010.
Smirlock, M. 1985. Evidence on the (Non) Relationship between Concentration and Profitability in Banking. Journal of Money, Credit and Banking, Vol. 17 No. 1, pp. 69-83.
Smith, R.L., D.K. Round and R. Trindade. 2007. Integrating Strategic Behavior into Competitive Analysis. The Antitrust Bulletin, Vol. 52, No. 3&4, pp. 633-660.
Weill, L. 2009. Do Islamic Banks Have Greater Market Power? LaRGE Working Paper 2009-2. Institut de Finance de Strasbourg, Universite de Strasbourg.
Zeithaml, V., A. Parasuraman, and L. Berry. 1990. Delivering Service Quality. The Free Press.
Ajlouni, M.M. 2010. The Main Features of the Structure-ConductPerformance (SCP) Literature in Banking during the Period 1960s1980s. International Journal of Economic Perspectives, Vol. 4, Issue 3, pp. 509-523.
Amalia, F. dan M.E. Nasution. 2007. Perbandingan Profitabilitas Industri Perbankan Syariah dan Industri Perbankan Konvensional Menggunakan Metode Struktur Kinerja dan Perilaku. Jurnal Ekonomi dan Pembangunan Indonesia, Vol. VII No. 02, pp. 3151.
Bank Indonesia. 2002. Cetak Biru Pengembangan Perbankan Syariah Indonesia. Bank Indonesia, Jakarta.
Bank Indonesia. 2005. Pemetaan Hasil Penelitian Potensi, Preferensi,dan Perilaku Masyarakat terhadap Bank Syariah Indonesia. Kajian Perbankan Syariah No. 7/7/2005.
Bank Indonesia. 2008. Grand Strategy of Islamic Banking Market Development. Directorate of Islamic Banking, Bank Indonesia, Jakarta.
Bank Indonesia, 2011. Outlook Perbankan Syariah 2011. Bank Indonesia, Jakarta.
Bikker, J.A., L. Spierdijk and P. Finnie. 2007. Misspecification of PanzarRosse Model: Assessing Competition in the Banking Industry. www.rug.nl
Carlton, D.W. and J.M. Perloff. 2000. Modern Industrial Organization, 3rd Edition. Addison-Wesley, Massachusetts.
Chong, B.S. and M-H. Liu. 2009. Islamic Banking: Interest Free or Interest Based? Pacific-Basin Finance Journal, Vol. 17 Issue 1, pp. 125144.
Demsetz, H. 1973. Industry, Structure, Market Rivalry and Public Policy. Journal of Law and Economics, Vol. 16 (April), pp. 1-9.
Fahmi, I. 2010. Memahami Perilaku Konsumen; Kunci Pengembangan Bank Syariah. Jurnal Ekonomi Islam Republika IQTSHODIA, 25 Nopember.
Firdaus, M. 2011. Aplikasi Ekonometrika untuk Data Panel dan Time Series. IPB Press, Bogor.
Hamza, R.A. 2011. Validation PanzarRosse Model in Determining the Structural Characteristics of Tunisian Banking Industry. Journal of Economics and International Finance, Vol. 3(5), pp. 259-268.
Hannan, T. H. 1991. Foundations of Structure-Conduct-Performance Paradigm in Banking. Journal of Money, Credit and Banking, Vol. 23 No. 1 pp. 68-84.
Haron, S. 2004. Determinants of Islamic Bank Profitability. Global Journal of Finance and Economics, Vol. 1 No. 1, March. USA
Haron, S and W.N.W. Azmi. 2008. Determinants of Islamic and Conventional Deposits in the Malaysian Banking System. Managerial Finance, Vol. 34 Iss: 9, pp 618-643.
Hoose, D.V. 2010. The Industrial Organization of Banking; Bank Behavor, Market Structure, and Regulation. Springer, Heidelberg.
Hutapea, E.G. and R.A. Kasri. 2010. Bank Margin Determination: A Comparison Between Islamic and Conventionl Banks in Indonesia. International Journal of Islamic and Middle Eastern Finance and Management, Vol. 3 No. 1, pp. 6682.
Iqbal, M. and P. Molyneux. 2005. Thirty Years of Islamic Banking: History, Performance, and Prospects. Palgrave Macmillan, New York.
Ismail. 2011. Perbankan Syariah. Kencana Prenada Media Group, Jakarta.
Izhar, H. And M. Asutay. 2007. Estimating the Profitability of Islamic Banking: Evidence from Bank Muamalat Indonesia. Review of Islamic Economics, Vol. 11, No.2, pp. 17-29
Karim, A. A. 2003. Ekonomi Mikro Islami, Edisi Kedua. The International Institute of Islamic Thought Indonesia, Jakarta.
Karim, A.A. and A.Z. Affif. (tanpa tahun). Islamic Banking Consumer Behaviour in Indonesia: A Qualitative Approach. www.kau.edu.sa.
Kasri, R.A. 2011. The Determinants of Islamic Banking Growth in Indonesia. Journal of Islamic Economics, Banking and Finance, Vol. 6, No. 2, pp. 41-64.
Kasri, R.A. and S.H. Kassim. 2009. Empirical Determinants of Saving in The Islamic Banks: Evidence from Indonesia. Journal of Islamic Economics, Vol. 22, No. 2, pp. 3-23.
Khan, M.S. and A. Mirakhor. 1992. Islam and the Economic System. Review of Islamic Economics, Vol. 2 No. 1, pp. 1-29.
Mannan, M. A. 1997. Teori dan Praktek Ekonomi Islam. Dana Bhakti Prima Yasa. Yogyakarta.
Martin, S. 2002. Advanced Industrial Economics, Second Edition. Blackwell Publishing, USA.
Mishkin, F. S. 2004. The Economics of Money, Banking and Financial Markets, 7th Edition. AddisonWesley, Boston.
Neuberger, D. 1998. Industrial Organization of Banking: A Review. International Journal of the Economics of Business, Vol. 5, No. 1, pp 97-118.
Northcott, C.A. 2004. Competition in Banking: A Review of the Literature. Bank of Canada Working Paper 2004-24.
Pusat Pengkajian dan Pengembangan Ekonomi Islam - UII. 2008. Ekonomi Islam. Rajagrafindo Persada, Yogyakarta.
Rasiah, D. 2010. Review of Literature and Theories on Determinants of Commercial Bank Profitability. Journal of Performance Management, January 1 2010.
Smirlock, M. 1985. Evidence on the (Non) Relationship between Concentration and Profitability in Banking. Journal of Money, Credit and Banking, Vol. 17 No. 1, pp. 69-83.
Smith, R.L., D.K. Round and R. Trindade. 2007. Integrating Strategic Behavior into Competitive Analysis. The Antitrust Bulletin, Vol. 52, No. 3&4, pp. 633-660.
Weill, L. 2009. Do Islamic Banks Have Greater Market Power? LaRGE Working Paper 2009-2. Institut de Finance de Strasbourg, Universite de Strasbourg.
Zeithaml, V., A. Parasuraman, and L. Berry. 1990. Delivering Service Quality. The Free Press.
Authors
FahmiI., DaryantoA., SiregarH., & HariantoH. (2012). PROSEDUR UJI KEPATUHAN TERHADAP PRINSIP BERSAING ISLAMI PADA INDUSTRI PERBANKAN SYARIAH: SEBUAH PROPOSAL BERDASARKAN TEORI DAN KAJIAN EMPIRIS ORGANISASI INDUSTRI. JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN, 1(1), 43-61. https://doi.org/10.29244/jekp.1.1.2012.43-61
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
The authors who publis article(s) in Jurnal Ekonomi and Kebijakan Pembangunan have to understand and agree that the copyright of article published is owned by Jurnal ekonomi and Kebijakan pembangunan including to reproduce, distribute and sell this journal to public.