Profitabilitas, Utang, dan Kinerja Keuangan di Bank-Bank Indonesia: Peran Moderasi Tata Kelola Perusahaan yang Baik Profitability, Debt, and Financial Performance in Indonesian Banks: The Moderating Role of Good Corporate Governance
Article Sidebar
Page Numbers:
620-633
Digital Object Identifier:
10.58578/arzusin.v6i1.9122
Viewed: 116 times
Downloaded: 59 times
LYAS Publisher cordially invites qualified professionals to serve as Editors or Reviewers. Your expertise will make an important contribution to maintaining and strengthening the academic quality of our publications. Interested applicants are kindly requested to complete the application form at the following link: Editors & Reviewers
Please feel free to contact us if you need any further information about the submission process or if you have any additional questions.
Authors:
Khansa Shabihah1*, Mutamimah Mutamimah2, Dedi Rusdi3, Revy Amyneva Gulnoria4 
Copyright :
Authors retain copyright and grant the journal right of first publication.
Main Article Content
Abstract
Financial performance is a key indicator of success for banking institutions, particularly in the context of managing profitability, debt structure, and the implementation of Good Corporate Governance (GCG). Although numerous studies have highlighted the role of financial performance in sustaining banking competitiveness, empirical research that specifically examines the effects of profitability and debt on financial performance while considering the moderating role of GCG quality in the Indonesian banking sector remains limited. This study aims to analyze the influence of profitability and debt on financial performance and to assess the role of GCG quality as a moderating variable in these relationships for banks listed on the Indonesia Stock Exchange over the 2010–2023 period. The study employed a quantitative approach using secondary data from financial reports, yielding 266 observations selected through purposive sampling. Data were analyzed using multiple linear regression with the aid of SPSS software. The results show that profitability, measured by Return on Assets (ROA), does not have a significant effect on financial performance, which is measured by Return on Equity (ROE), whereas debt, measured by the Debt to Equity Ratio (DER), has a positive and significant effect on financial performance. In addition, GCG quality, proxied by the presence of the Sharia Supervisory Board (Dewan Pengawas Syariah, DPS), has a positive effect on financial performance and strengthens the relationships between the financial variables and firm performance. These findings underline that appropriate debt management and high-quality GCG implementation are critical factors in enhancing banks’ financial performance. The implications of this study encourage banking management to continuously strengthen corporate governance in order to support long-term improvements in financial performance.
Citation Metrics:
Downloads
Article Details
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
References
Alsayegh, M. F., & Rahman, R. A. (2020). Corporate economic, environmental, and social sustainability performance transformation through ESG disclosure. Sustainability, 12(9), 3910. https://doi.org/10.3390/su12093910
Anagnostopoulou, S., Tsekrekos, A. E., & Voulgaris, G. (2021). Accounting conservatism and corporate social responsibility. The British Accounting Review, 53(4), 100942. https://doi.org/10.1016/j.bar.2020.100942
Atika, T., Sitepu, A. P., Kurnia, S., & Sambodo, B. (2026). Pengaruh Leverage, Likuiditas, Profitabilitas, dan Ukuran Perusahaan terhadap Nilai Perusahaan pada Sub-Sektor Kosmetik di Bursa Efek Indonesia. SURPLUS: Jurnal Ekonomi dan Bisnis, 4(2), 246–261.
Atika, W., Novitasari, D., & Asih, L. (2024). Analisis Pengaruh Rasio Likuiditas, Solvabilitas dan Profitabilitas terhadap Kinerja Keuangan Perusahaan Manufaktur (Studi Kasus Sub Sektor Makanan dan Minuman yang Terdaftar di BEI Periode 2019–2021). EKTASI: Jurnal Ekonomi, Akuntansi dan Organisasi, 2(1), 37–45. https://ejurnal.unmuhjember.ac.id/index.php/EKTASI/article/view/2187
Aziz, A. A., Samrotun, Y. C., & Dewi, R. R. (2021). Pengaruh Good Corporate Governance, Modal Intelektual, Ukuran Perusahaan terhadap Kinerja Keuangan pada Perusahaan Makanan. Ekonomis: Journal of Economics and Business, 5(1), 46–52. https://ekonomis.unbari.ac.id/index.php/ojsekonomis/article/view/200
Fahmi, A. (2019). Pengaruh Ukuran Perusahaan, Profitabilitas dan Likuiditas terhadap Kebijakan Dividen dan Nilai Perusahaan pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Ilmiah Mahasiswa Ekonomi Manajemen, 5(1), 62–81.
Joudi, S., Mansourfar, G., Homayoun, S., & Rezaee, Z. (2024). The power of purpose: How material sustainability and stakeholder orientation drive financial success. Corporate Governance: The International Journal of Business in Society, 24(6), 1384–1413. https://doi.org/10.1108/CG-05-2023-0189
Khancel, I., Lassoued, N., & Baccar, I. (2023). Sustainability and firm performance: The role of environmental, social and governance disclosure and green innovation. Management Decision, 61(9), 2720–2739. https://doi.org/10.1108/MD-09-2021-1252
Kim, T. H., & Kim, B. (2018). Firm’s environmental expenditure, R&D intensity, and profitability. Sustainability, 10(6), 2071. https://doi.org/10.3390/su10062071
Mahrani, M., & Soewarno, N. (2018). The effect of good corporate governance mechanism and corporate social responsibility on financial performance with earnings management as mediating variable. Asian Journal of Accounting Research, 3(1), 41–60. https://doi.org/10.1108/AJAR-06-2018-0008
Sari, D. P., Suryani, W., & Sabrina, H. (2021). Pengaruh Debt To Asset Ratio dan Debt To Equity Ratio terhadap Kinerja Keuangan pada Perusahaan Otomotif yang Terdaftar di BEI Periode 2015–2018. Jurnal Ilmiah Manajemen dan Bisnis (JIMBI), 2(1), 72–80. https://jurnalmahasiswa.uma.ac.id/index.php/jimbi/article/view/484
Saxena, M., & Seth, N. (2023). Analysing the interactions of sustainability practices and financial performance on business-to-business buying behaviour in Indian manufacturing industry: A graph-theoretic approach. Journal of Global Operations and Strategic Sourcing, 16(1), 90–117. https://doi.org/10.1108/JGOSS-03-2021-0027
Shawn, H., Kim, Y., & Jung, J. (2019). Company’s sustainability and accounting conservatism: Firms delisting from KOSDAQ. Sustainability, 11(6), 1775. https://doi.org/10.3390/su11061775
Shiau, W. L., Sarstedt, M., & Hair, J. (2019). Internet research using partial least squares structural equation modeling (PLS-SEM). Internet Research, 29(3), 398–406. https://doi.org/10.1108/INTR-10-2018-0447
Susanti, A., Wafirotin, K. Z., & Hartono, A. (2019). Pengaruh Good Corporate Governance, Profitabilitas, dan Ukuran Perusahaan terhadap Nilai Perusahaan Manufaktur yang Terdaftar di BEI Periode Tahun 2011–2016. ISOQUANT: Jurnal Ekonomi, Manajemen & Akuntansi, 3(1), 11–24. https://studentjournal.umpo.ac.id/index.php/isoquant/article/view/236/227
Tauringana, V. (2021). Sustainability reporting challenges in developing countries: Towards management perceptions research evidence-based practices. Journal of Accounting in Emerging Economies, 11(2), 194–215. https://doi.org/10.1108/JAEE-01-2020-0007
Wong, K. (2019). Mastering partial least squares structural equation modeling (PLS-SEM) with SmartPLS in 38 hours. iUniverse. https://eli.johogo.com/Class/CCU/SEM/_Mastering-Partial-Least-Squares_Wong.pdf