Omotayo Vincent Adewale *
Osun State University, Nigeria
Adewole Joseph Adeyinka*
Osun State University, Nigeria
Ogunlokun Ayodele Damilola
Federal Polytechnic, Ado-Ekiti, Nigeria
DOI: https://doi.org/10.19184/jauj.v21i1.37087
ABSTRACT
This study aims to examine and analyze the differences between the financial performance of Islamic banking between two countries, namely Indonesia and Malaysia during the Covid-19 pandemic. This research is a quantitative study that examines the difference between financial performance during Covid-19 and the financial ratios of Indonesia and Malaysia using the ratio of Return on Assets (ROA), Capital Adequacy Ratio (CAR), Non Performing Loans (NPF), and Financing to Deposit Ratio ( FDR). This study uses secondary data obtained from the financial statements of each Indonesian and Malaysian Islamic banking. Based on the purposive sampling method, the sample used was 25 Islamic banks, consisting of 13 Indonesian Islamic banks and 12 Malaysian Islamic banks. Hypothesis testing in this study used the Independent sample t-test and the Mann Whitney test. The results of this study are that during the Covid-19 pandemic between Indonesian and Malaysian Islamic banking there was a significant difference in the CAR ratio, and for the ratios of ROA, NPF and FDR there were no significant differences.
Keywords: covid-19 pandemic, financial performance, financial ratios, islamic banking
ABSTRACT
Various strategies have been used by Nigerian government in a bid to stem the tide of rising poverty in the country but poverty appears not to have been abated judging from the available statistics. However, China has been able to reduce its poverty from 57% to less than 1% between 1999 and 2020. Therefore, this study appraised empirically the efficacy of Chinese poverty reduction model reducing poverty in Nigeria. Both the CBN Statistical Bulletin and World Bank Development Indicators were used as sources for the data. The data were analyzed using regression utilizing the Ordinary Least Square method. The results showed that agricultural productivity, a component of China's strategy to combat poverty, had a significant impact on reducing poverty in Nigeria. Additionally, it was discovered that government spending on social services, another Chinese strategy, had a beneficial effect on the eradication of poverty. It was discovered that a 1% increase in the amount spent on social and community services in Nigeria resulted in a 21% decline in the country's poverty rate. However, it was found that agricultural spending was inversely correlated with capital income, which went against the theoretical prediction. Therefore, it was determined that the Chinese model for decreasing poverty, which incorporates better agricultural techniques, higher social security, and community services, will be effective in significantly lowering poverty in Nigeria by 2030.
Keywords: Poverty Reduction, Chinese Model, Agricultural Productivity, Social and Community Expenditure
ABSTRAK
Berbagai strategi telah diterapkan oleh pemerintah Nigeria dalam upaya untuk menghentikan laju kemiskinan yang terus meningkat di negara tersebut, namun kemiskinan tampaknya belum berkurang berdasarkan data statistik yang tersedia. Namun, China berhasil mengurangi tingkat kemiskinan dari 57% menjadi kurang dari 1% antara tahun 1999 dan 2020. Oleh karena itu, studi ini secara empiris mengevaluasi efektivitas model pengurangan kemiskinan China dalam mengurangi kemiskinan di Nigeria. Data diperoleh dari Buletin Statistik Bank Sentral Nigeria (CBN) dan Indikator Pembangunan Bank Dunia. Data dianalisis menggunakan regresi dengan metode Ordinary Least Square (OLS). Hasil menunjukkan bahwa produktivitas pertanian, salah satu komponen strategi China dalam memerangi kemiskinan, memiliki dampak signifikan dalam mengurangi kemiskinan di Nigeria. Selain itu, ditemukan bahwa pengeluaran pemerintah untuk layanan sosial, strategi lain China, memiliki dampak positif dalam memberantas kemiskinan. Ditemukan bahwa peningkatan 1% dalam pengeluaran untuk layanan sosial dan komunitas di Nigeria menyebabkan penurunan 21% dalam tingkat kemiskinan negara tersebut. Namun, ditemukan bahwa pengeluaran pertanian berkorelasi terbalik dengan pendapatan modal, yang bertentangan dengan prediksi teoretis. Oleh karena itu, disimpulkan bahwa model Tiongkok untuk mengurangi kemiskinan, yang mencakup teknik pertanian yang lebih baik, jaminan sosial yang lebih tinggi, dan layanan komunitas, akan efektif dalam secara signifikan menurunkan tingkat kemiskinan di Nigeria pada tahun 2030.
Kata kunci: Pengurangan Model Tiongkok, Produktivitas Pertanian, Pengeluaran Sosial dan Komunitas
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Published
30-06-2023
Issue
Vol. 21 No. 1 (2023): Jurnal Akuntansi Universitas Jember
Pages
18-31
License
Copyright (c) 2023 Jurnal Akuntansi Universitas Jember
How to Cite
Adewale, O. V., Adeyinka, A. J., & Damilola, O. A. (2023). CHINESE POVERTY REDUCTION MODEL: A VIRILE TOOL FOR ACHIEVING POVERTY REDUCTION IN NIGERIA BY 2030. Jurnal Akuntansi Universitas Jember, 21(1).
https://doi.org/10.19184/jauj.v21i1.37087
