{"id":"https://openalex.org/W3045854827","doi":"https://doi.org/10.20885/jsb.vol24.iss2.art2","title":"Islamic corporate governance and performance based on maqasid sharia index\u2013 study in Indonesia","display_name":"Islamic corporate governance and performance based on maqasid sharia index\u2013 study in Indonesia","publication_year":2020,"publication_date":"2020-07-01","ids":{"openalex":"https://openalex.org/W3045854827","doi":"https://doi.org/10.20885/jsb.vol24.iss2.art2","mag":"3045854827"},"language":"en","primary_location":{"id":"doi:10.20885/jsb.vol24.iss2.art2","doi":"https://doi.org/10.20885/jsb.vol24.iss2.art2","is_oa":true,"landing_page_url":"https://doi.org/10.20885/jsb.vol24.iss2.art2","pdf_url":"https://journal.uii.ac.id/JSB/article/download/15282/10350","source":{"id":"https://openalex.org/S4210182221","display_name":"Jurnal Siasat Bisnis","issn_l":"0853-7666","issn":["0853-7666","2528-7001"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/P4310315228","host_organization_name":"Islamic University of Indonesia","host_organization_lineage":["https://openalex.org/P4310315228"],"host_organization_lineage_names":["Islamic University of Indonesia"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Jurnal Siasat Bisnis","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://journal.uii.ac.id/JSB/article/download/15282/10350","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5009154944","display_name":"Hasan Mukhibad","orcid":"https://orcid.org/0000-0001-8979-5169","observed_orcids":["https://orcid.org/0000-0001-8979-5169"]},"institutions":[{"id":"https://openalex.org/I148158369","display_name":"State University of Semarang","ror":"https://ror.org/02fsk7e17","country_code":"ID","type":"education","lineage":["https://openalex.org/I148158369"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Hasan Mukhibad","raw_affiliation_strings":["Faculty of Economics, Universitas Negeri Semarang, Semarang, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Economics, Universitas Negeri Semarang, Semarang, Indonesia","institution_ids":["https://openalex.org/I148158369"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5063252347","display_name":"Mahameru Rosy Rochmatullah","orcid":"https://orcid.org/0000-0003-3709-4277","observed_orcids":["https://orcid.org/0000-0003-3709-4277"]},"institutions":[{"id":"https://openalex.org/I3131389504","display_name":"Muhammadiyah University of Surakarta","ror":"https://ror.org/03cnmz153","country_code":"ID","type":"education","lineage":["https://openalex.org/I3131389504"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Mahameru Rosy Rochmatullah","raw_affiliation_strings":["Faculty of Economics and Business, Universitas Muhammadiyah Surakarta, Surakarta, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Economics and Business, Universitas Muhammadiyah Surakarta, Surakarta, Indonesia","institution_ids":["https://openalex.org/I3131389504"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5082034864","display_name":"Warsina Warsina","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I119896790","display_name":"Sebelas Maret University","ror":"https://ror.org/021hq5q33","country_code":"ID","type":"education","lineage":["https://openalex.org/I119896790"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Warsina Warsina","raw_affiliation_strings":["Doctoral Student, Faculty of Economics and Business, Universitas Sebelas Maret, Surakarta, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Doctoral Student, Faculty of Economics and Business, Universitas Sebelas Maret, Surakarta, Indonesia","institution_ids":["https://openalex.org/I119896790"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100334894","display_name":"Rahmawati Rahmawati","orcid":"https://orcid.org/0000-0002-9931-1380","observed_orcids":["https://orcid.org/0000-0002-9931-1380","https://orcid.org/0009-0007-7565-0453"]},"institutions":[{"id":"https://openalex.org/I119896790","display_name":"Sebelas Maret University","ror":"https://ror.org/021hq5q33","country_code":"ID","type":"education","lineage":["https://openalex.org/I119896790"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Rahmawati Rahmawati","raw_affiliation_strings":["Faculty of Economics and Business, Universitas Sebelas Maret, Surakarta, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Economics and Business, Universitas Sebelas Maret, Surakarta, Indonesia","institution_ids":["https://openalex.org/I119896790"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5079657118","display_name":"Doddy Setiawan","orcid":"https://orcid.org/0000-0003-0394-0738","observed_orcids":["https://orcid.org/0000-0003-0394-0738"]},"institutions":[{"id":"https://openalex.org/I119896790","display_name":"Sebelas Maret University","ror":"https://ror.org/021hq5q33","country_code":"ID","type":"education","lineage":["https://openalex.org/I119896790"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Doddy Setiawan","raw_affiliation_strings":["Faculty of Economics and Business, Universitas Sebelas Maret, Surakarta, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Economics and Business, Universitas Sebelas Maret, Surakarta, Indonesia","institution_ids":["https://openalex.org/I119896790"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":76,"currency":"USD","value_usd":76},"apc_paid":{"value":76,"currency":"USD","value_usd":76},"fwci":4.4077,"has_fulltext":true,"cited_by_count":45,"citation_normalized_percentile":{"value":0.94093072,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":100},"biblio":{"volume":"24","issue":"2","first_page":"114","last_page":"126"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/islamic-corporate-governance","display_name":"Islamic corporate governance","score":0.9570000171661377},{"id":"https://openalex.org/keywords/sharia-banks","display_name":"sharia banks","score":0.8059999942779541},{"id":"https://openalex.org/keywords/sharia-supervisory-board","display_name":"Sharia Supervisory Board","score":0.8019999861717224},{"id":"https://openalex.org/keywords/board-characteristics","display_name":"board characteristics","score":0.7509999871253967},{"id":"https://openalex.org/keywords/independent-commissioners","display_name":"independent commissioners","score":0.8100000023841858},{"id":"https://openalex.org/keywords/bank-performance-evaluation","display_name":"bank performance evaluation","score":0.8050000071525574},{"id":"https://openalex.org/keywords/profit-and-loss-sharing","display_name":"profit and loss sharing","score":0.8610000014305115},{"id":"https://openalex.org/keywords/debt-financing","display_name":"debt financing","score":0.8690000176429749},{"id":"https://openalex.org/keywords/islamic-banking-regulation","display_name":"Islamic banking regulation","score":0.6639999747276306},{"id":"https://openalex.org/keywords/indonesia","display_name":"Indonesia","score":0.6150000095367432}],"concepts":[{"id":"https://openalex.org/C168702047","wikidata":"https://www.wikidata.org/wiki/Q482752","display_name":"Sharia","level":3,"score":0.9033298492431641},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.6764489412307739},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6286407709121704},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.6220769286155701},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5993120074272156},{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.48551321029663086},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.4505024552345276},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.24214822053909302},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.14041969180107117},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.11673375964164734},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.11105060577392578},{"id":"https://openalex.org/C27206212","wikidata":"https://www.wikidata.org/wiki/Q34178","display_name":"Theology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.20885/jsb.vol24.iss2.art2","doi":"https://doi.org/10.20885/jsb.vol24.iss2.art2","is_oa":true,"landing_page_url":"https://doi.org/10.20885/jsb.vol24.iss2.art2","pdf_url":"https://journal.uii.ac.id/JSB/article/download/15282/10350","source":{"id":"https://openalex.org/S4210182221","display_name":"Jurnal Siasat Bisnis","issn_l":"0853-7666","issn":["0853-7666","2528-7001"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/P4310315228","host_organization_name":"Islamic University of Indonesia","host_organization_lineage":["https://openalex.org/P4310315228"],"host_organization_lineage_names":["Islamic University of Indonesia"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Jurnal Siasat Bisnis","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:uii:jsbuii:v:24:y:2020:i:2:p:114-126:id:15282","doi":null,"is_oa":false,"landing_page_url":"https://journal.uii.ac.id/JSB/article/view/15282/10350","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:6f73cc9a867a43249d1342dfe364a12d","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/6f73cc9a867a43249d1342dfe364a12d","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Jurnal Siasat Bisnis, Vol 24, Iss 2 (2020)","raw_type":"article"},{"id":"pmh:oai:doaj.org/article:de0c45a655554ca3b8d642d6c2a9bc74","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/de0c45a655554ca3b8d642d6c2a9bc74","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Jurnal Siasat Bisnis, Vol 24, Iss 2 (2020)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.20885/jsb.vol24.iss2.art2","doi":"https://doi.org/10.20885/jsb.vol24.iss2.art2","is_oa":true,"landing_page_url":"https://doi.org/10.20885/jsb.vol24.iss2.art2","pdf_url":"https://journal.uii.ac.id/JSB/article/download/15282/10350","source":{"id":"https://openalex.org/S4210182221","display_name":"Jurnal Siasat Bisnis","issn_l":"0853-7666","issn":["0853-7666","2528-7001"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/P4310315228","host_organization_name":"Islamic University of Indonesia","host_organization_lineage":["https://openalex.org/P4310315228"],"host_organization_lineage_names":["Islamic University of Indonesia"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Jurnal Siasat Bisnis","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3045854827.pdf","grobid_xml":"https://content.openalex.org/works/W3045854827.grobid-xml"},"referenced_works_count":52,"referenced_works":["https://openalex.org/W1514921101","https://openalex.org/W1566304348","https://openalex.org/W1832192099","https://openalex.org/W1966315443","https://openalex.org/W2014138665","https://openalex.org/W2027729913","https://openalex.org/W2042882001","https://openalex.org/W2077101388","https://openalex.org/W2081742146","https://openalex.org/W2149404377","https://openalex.org/W2184468539","https://openalex.org/W2211916602","https://openalex.org/W2297573354","https://openalex.org/W2321922899","https://openalex.org/W2339615028","https://openalex.org/W2341847219","https://openalex.org/W2522946613","https://openalex.org/W2529149291","https://openalex.org/W2566657094","https://openalex.org/W2588325542","https://openalex.org/W2591906444","https://openalex.org/W2602484301","https://openalex.org/W2607933377","https://openalex.org/W2609049690","https://openalex.org/W2611071679","https://openalex.org/W2611758487","https://openalex.org/W2617290747","https://openalex.org/W2624742185","https://openalex.org/W2728797218","https://openalex.org/W2744492595","https://openalex.org/W2755673881","https://openalex.org/W2771653043","https://openalex.org/W2782283043","https://openalex.org/W2786262964","https://openalex.org/W2793256244","https://openalex.org/W2797481751","https://openalex.org/W2886632252","https://openalex.org/W2890668163","https://openalex.org/W2901692657","https://openalex.org/W2922887807","https://openalex.org/W2991307146","https://openalex.org/W2993709342","https://openalex.org/W3122317686","https://openalex.org/W3122390133","https://openalex.org/W3122985993","https://openalex.org/W3123073459","https://openalex.org/W3123941433","https://openalex.org/W3124087472","https://openalex.org/W3124164974","https://openalex.org/W3124878043","https://openalex.org/W4249833495","https://openalex.org/W4300009529"],"related_works":["https://openalex.org/W4416231032","https://openalex.org/W6908662354","https://openalex.org/W2962466883","https://openalex.org/W3090095699","https://openalex.org/W4364321514","https://openalex.org/W4320485243","https://openalex.org/W7222965469","https://openalex.org/W7215453470","https://openalex.org/W4386895967","https://openalex.org/W4312439323"],"abstract_inverted_index":{"Sharia":[0,19,47,81,164],"banks":[1,4,20,82,165,188,221],"and":[2,11,21,58,109,134,195,206,222,244,258],"conventional":[3,22,220],"have":[5],"real":[6],"differences":[7],"in":[8,83,160,166,223,249],"their":[9],"objectives":[10,227],"operations.":[12],"Therefore,":[13],"performance":[14,25,72,118,140],"measurements":[15],"must":[16,157],"differentiated":[17],"between":[18],"banks.":[23,271],"One":[24],"measure":[26],"recommended":[27],"by":[28,253,270],"researchers":[29],"is":[30,40,79,169,174,184],"performance-based":[31],"on":[32,74,117,120,142],"the":[33,43,46,86,123,154,161,171,179,204,226,262],"Maqasid":[34],"sharia":[35,229,232,238,252,265],"Index":[36],"(MSI).":[37],"This":[38,144,168],"study":[39,243],"to":[41,71,214],"prove":[42],"influence":[44],"of":[45,52,55,62,66,69,125,131,153,163,181,228],"Supervisory":[48],"Board":[49],"attributes":[50,60],"(number":[51],"meetings,":[53,127,133],"level":[54,108],"education,":[56],"cross-membership)":[57],"commissioners'":[59],"(ratio":[61],"independent":[63,110],"commissioners,":[64],"number":[65,68,124,130],"members,":[67],"meetings)":[70],"based":[73,119,141],"MSI.":[75,121,143],"The":[76,90],"research":[77],"sample":[78],"12":[80],"Indonesia":[84],"during":[85],"2014-2018":[87],"observation":[88],"year.":[89],"data":[91,96],"analysis":[92,97],"method":[93],"uses":[94],"panel":[95],"with":[98,225],"a":[99,114,185,200],"fixed":[100,193],"effect":[101,116],"model.":[102],"We":[103,210],"find":[104],"that":[105,147,156,187,191,198,261],"SSB":[106,126],"education":[107],"board":[111,128,132],"ratio":[112],"had":[113],"negative":[115],"Cross-membership;":[122],"size,":[129],"total":[135],"assets":[136],"does":[137],"not":[138,150],"affect":[139],"finding":[145],"indicates":[146],"MSI":[148,172],"has":[149],"become":[151],"one":[152],"goals":[155],"be":[158,268],"achieved":[159],"management":[162],"Indonesia.":[167],"because":[170],"score":[173],"still":[175],"low.":[176],"In":[177],"addition,":[178],"dominance":[180],"debt":[182],"financing":[183],"characteristic":[186],"prefer":[189],"transactions":[190,197],"generate":[192],"income":[194],"avoid":[196],"use":[199],"fairer":[201],"system,":[202],"i.e.":[203],"Profit":[205],"Loss":[207],"Sharing":[208],"system.":[209],"recommend":[211],"for":[212],"regulators":[213],"develop":[215,245],"different":[216],"measurement":[217,247],"tools":[218,248],"from":[219],"accordance":[224],"implementation":[230],"as":[231],"bank":[233],"business":[234,256],"operations":[235],"(":[236],"maqasid":[237,251,264],").":[239],"Future":[240],"researcher":[241],"can":[242,267],"other":[246],"formulating":[250],"involving":[254],"regulators,":[255],"actors,":[257],"experts":[259],"so":[260],"produced":[263],"indicators":[266],"applied":[269]},"counts_by_year":[{"year":2026,"cited_by_count":10},{"year":2025,"cited_by_count":16},{"year":2024,"cited_by_count":9},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":3}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2020-08-03T00:00:00"}
