Yogyakarta, August 26th, 2021.
The Master of Science and Doctoral Program (MD) FEB UGM has held an open examination for the promotion of Doctor of Management Science for the Ph.D. candidate, Muizzuddin. Mr. Eko Suwardi, M.Sc., Ph.D. as Dean of the Faculty of Economics and Business UGM acts as Chair of the Session and manages the examination. On that occasion, the chairman of the session introduced Prof. Eduardus Tandelilin, M.B.A., Ph.D. as a promoter, and Prof. Mamduh Mahmadah Hanafi, M.B.A., Ph.D., and Mr. Bowo Setiyono, M.Com., Ph.D. as co-promoter. In addition, Mr. I Wayan Nuka Lantara, M.Sc., Ph.D., Mr. Eddy Junarsin, M.B.A., Ph.D., and Mrs. Dr. Fitri Santi, M.S.M. as the assessment team. The examiner team in this open exam were Mr. Agus Setiawan, M.Soc., Sc., Ph.D., and Mr. Dr. Leo Indra Wardhana, S.E., M.Sc., CFP. This time, the open exam was also attended by the family of the doctoral candidate, work relatives from Sriwijaya University (UNSRI), and guests. The exam runs by conducting questions and answers between the promoter, co-promoter, the assessment team, and the examiner team with the Ph.D. candidate. During the question-and-answer session, the Ph.D. candidate, Mui’zzuddin was able to answer questions well and smoothly so that he graduated with the title “very satisfying.”
For information, Dr. Mu’izzuddin, S.E., M.M. took the title “Competition, Regulation, Institutional Quality, and Bank Stability in Asia Pacific Countries” for his dissertation. The main focus of this research is to evaluate the role of competition in bank stability. In addition, it also evaluates the role of regulation and institutional quality on bank stability directly. Regulation and institutional quality also act as a moderator between competition and bank stability. The measure of the competition uses a non-structural approach (Lerner index, adjusted Lerner index, and h-statistics). The regulatory measurement uses the capital requirements index, activity restriction index, and the presence of an explicit deposit insurance institution. Meanwhile, institutional quality measures use six dimensions of worldwide governance indicators: freedom of speech and transparency, political stability, government effectiveness, quality of regulations, the rule of law, and control of corruption. Finally, the stability measure uses a micro prudential approach (zscore and its component decomposition).
The study was conducted using data from Commercial Banks in 15 Asia Pacific Countries from 2011 to 2019. There were 645 banks used as research samples with a total of 5,886 observations. The observation model used in this study is the fixed effect. Meanwhile, to overcome the issue of endogeneity, the GNM estimator is used. The novelty raised in this research is using the Asia Pacific setting as the center of world financial institutions, and the period used is a post-economic crisis. The findings of this study are that there is support for a robust competition-fragility view on various sizes and estimation methods. This study also found evidence of a nonlinear inverted u-shaped relationship that is in line with some recent literature. Furthermore, regulation and institutional quality can promote bank stability and reduce competition trade-offs on bank stability.
Mu’izzuddin officially holds the 5258th doctoral degree who passed the doctoral exam at Universitas Gadjah Mada. In addition, Mu’izzuddin is also the 306th doctoral student who passed the exam at FEB UGM. Prof. Eduardus Tandelilin, M.B.A., Ph.D. as the promoter congratulated Dr. Mu’izzuddin and advised him to always be enthusiastic in contributing to research in Indonesia and maintain good communication with UGM. The virtual Open Examination Session closed with congratulations from all participants to the Ph.D. candidate.