| Popis: |
Islamic banking grows promisingly in line with an increase in public confidence in Islamic business and the economy. Even though there is an increase in terms of assets, financing, and deposits, there has been a slowdown in business growth in the last five years, due to (i) the high cost of funds, (ii) low public understanding and awareness so that Islamic bank depositors are only dominated by certain group or categories commonly called core depositors, and (iii) the behaviors of core depositors which tend to carry out displaced commercial risk, and may withdraw funds or disbursement of deposits at any time. Besides, the problem of core depositors' behaviors could also cause liquidity imbalance in banks which is dominated by short-term funding with longer-term financing tenors. These conditions must be the focus of banks to mitigate liquidity risks to increase profitability and business performance. This study aims to analyze the internal and macroeconomic factors that affect the sensitivity of core depositors in Islamic and conventional banking in Indonesia used the Autoregressive Distributed Lag approach and Granger causality test used monthly data from 2013-2019. The results showed that the Islamic banking core depositors are more sensitive to the performance of Capital Adequacy Ratio (CAR), the Exchange rate (FEX), and the Repo rate (RRA). Meanwhile, conventional core depositors are sensitive to Loan to Deposit Ratio (LDR) and FEX. The impact of core depositors' sensitivity to liquidity risk has been seen in conventional banks, while the core depositors of Islamic banks have no impact on liquidity risk. This paper specifically complements the previous research on the analysis of core depositors and that it can be used as an early warning sign of liquidity risk on Islamic and conventional banks in Indonesia. |
