Zuhairan Yunmi Yunan
@uinjkt.ac.id
Department of Economics
Universitas Islam Negeri Syarif Hidayatullah, Jakarta, Indonesia
RESEARCH INTERESTS
Economics
Economics of Corruption
Anti-Corruption
Good Governance
Islamic Economics
Scopus Publications
Scholar Citations
Scholar h-index
Scholar i10-index
Scopus Publications
Zuhairan Yunmi Yunan and W. Alejandro Pacheco-Jaramillo
Emerald
Purpose This paper aims to examine various indicators related to corruption and determine their impact on financial globalization in emerging countries. It will consider other factors that may impact financial globalization and focus on how corruption within political, executive and public sector institutions can affect this process. Design/methodology/approach This paper uses a generalized method of moments (GMM) for a data sample of emerging countries covering 2000–2020. Corruption measurements are derived from the varieties of democracy data sets and Transparency International. It also includes data on foreign direct investment, portfolio flows, foreign exchange and international debt as separate indicators of financial globalization. These measures provide more detailed information on the types of financial transactions occurring across countries. Findings The results reveal that foreign investors may be less likely to enter certain sectors of the economy due to concerns about unethical practices and difficulties navigating the regulatory landscape in countries with high levels of corruption. This can lead to underdevelopment in sectors that are attractive to foreign investment and a reliance on a narrow range of sectors. Originality/value This paper offers valuable insights by integrating corruption and financial globalization indicators, using the GMM for robust analysis. It highlights how corruption influences foreign investment decisions, potentially leading to sectoral underdevelopment and overreliance in emerging countries.
Zuhairan Yunmi Yunan, Majed Alharthi, and Saeed Sazzad Jeris
Emerald
Purpose This study aims to investigate the relationship between political instability and the performance of Islamic banks in emerging countries. Design/methodology/approach For a data sample of 93 Islamic banks in 20 emerging countries during the period from 2011 to 2016, the authors identify indicators that matter most for the activities of Islamic banks. Findings The study finds that a stable government and law and order are positively correlated with the health of Islamic financial institutions. On the other hand, corruption and military involvement in politics can create an unstable environment for businesses, leading to uncertainty and risk. The study also reveals that Islamic banks operating in regions or communities with lower risk of socio-economic conditions tend to exhibit higher levels of profitability. Originality/value Overall, the study provides valuable insights into the impact of political instability on Islamic banks in emerging countries.
Zuhairan Yunmi Yunan, Ben Freyens, Yogi Vidyattama, and Itismita Mohanty
Informa UK Limited
Zuhairan Yunmi Yunan
Emerald
Purpose This paper aims to examine whether the level of corruption affects profitability and soundness of Islamic banking. Design/methodology/approach This paper uses a dynamic panel of 61 Islamic banks from 12 Organization of Islamic Cooperation (OIC) countries covering the period between 2016 and 2018. Findings This paper finds that the empirical evidence examined shows that corruption does affect the profitability and soundness of Islamic banks. Originality/value The value of this paper is to emphasize further understanding of corruption behaviour on Islamic banking in Islamic countries. This paper contributes to filling the gaps in the current literature on corruption and Islamic banking. Existing literature has only focussed on either profitability or soundness of Islamic banking, whereas this paper analyses the impact of corruption levels for both performance measurements simultaneously.