Implementation of Sustainable Finance and Good Corporate Governance: Profitability Perspective of State-Owned Banks Listed

Triyono Adi Tristanto, Nugraha Nugraha, Maya Sari, Abdul Muhaimin Elyusufi

Abstract


The research method uses multiple linear regression analysis to test the effect of the independent variable on the dependent variable with purposive sampling technique using several criteria such as the availability of sustainability reports and annual reports on listed state-owned banks that upload sustainability reports and annual reports for at least 5 (five) years of publication and have positive profitability ratios. The results of the study indicate that the variables of Economic Performance and the Audit Committee have an influence onProfitability (ROE) of state-owned banks with a significance value of 0.029 and respectively 0.016 smaller than = 0.05. Temporary VariableSocial Performance, Environmental Performance, K.INSTI and KOM.INDI has no effect on Profitability (ROE) of state-owned banks. Two variables that have an influence on the profitability (ROE) of state-owned banks indicate that the implementation of sustainable finance proxied by economic performance can encourage the company's reputation in building stakeholder trust and the implementation of good corporate governance through the role of the audit committee will help improve corporate control for increase company profitability.


Keywords


economic performance (KE); social performance (KS); environmental performance (KL); good corporate governance; return on equity (ROE). .

Full Text:

PDF

References


Claessens, S., Djankov, S., & Lang, L. H. P. (2000). The separation of ownership and control in East Asian Corporations. In Journal of Financial Economics (Vol. 58, Issues 1–2). https://doi.org/10.1016/s0304-405x (00)00067-2

Fadillah, A. R. (2017). Analisis Pengaruh Dewan Komisaris Independen, Kepemilikan Manajerial Dan Kepemilikan Institusional Terhadap Kinerja Perusahaan Yang Terdaftar Di Lq45. Jurnal Akuntansi, 12(1), 37–52. http://jurnal.unsil.ac.id/index.php/jak

Fahmi, I. (2016). Pengantar Manajemen Keuangan Toeri dan Soal Jawab (M. A. Djalil (ed.); Oktober 20). Alfabeta.

Ghozali, I. (2011a). Anallisis Multivariate Dengan Program IBM SPSS 19 (5th ed.). Badan Penerbit Universitas Diponegoro.

Ghozali, I. (2011b). Aplikasi Analisis Multivariate dengan Program IBM SPSS 19 (Edisi Keli). Badan Penerbit Universitas Diponegoro.

Guthrie, G., & Hobbs, C. (2021). How managerial ownership and the market for corporate control can improve investment timing. Journal of Banking & Finance. https://www.sciencedirect.com/science/article/pii/S0378426621001126

Hayati, N., Yulianto, E., & Safdinal. (2020). Peranan Keuangan Berkelanjutan Pada Industri Perbankan dalam Mendukung Sustainable Development Goals. Jurnal Akuntansi Bisnis Dan Ekonomi, 6(1), 173–190.

Ichsan, R. et al. (2021). Determinant of Sharia Bank's Financial Performance during the Covid-19 Pandemic. Budapest International Research and Critics Institute-Journal (BIRCI-Journal). P. 298-309.

Komisioner, D., & Jasa, O. (2014). Otoritas jasa keuangan republik Indonesia.

Monang Nixon Haposan Tampubolon. (2019). Manajemen Risiko, Internal Kontrol, Tata Kelola Perusahaan dan Kinerja Keuangan BUMN dengan Maturity Level Departemen Audit Internal sebagai Pemoderasi. Jurnal Riset Akuntansi & Perpajakan (JRAP), 6(02), 69–80. https://doi.org/10.35838/jrap.v6i02.1247

Otoritas Jasa Keuangan. (2015). Peraturan Otoritas Jasa Keuangan Nomor 55 /Pojk.04/2015 Tentang Pembentukan Dan Pedoman Pelaksanaan Kerja Komite Audit. Ojk.Go.Id, 1–29. http://www.ojk.go.id/id/kanal/iknb/regulasi/lembaga-keuangan-mikro/peraturan-ojk/Documents/SAL-POJK PERIZINAN FINAL F.pdf

Sugiyono. (2013). Metode Penelitian Bisnis (Pendekatan Kuantitatif, Kualitatif, dan R&D). Alfabeta.

Suyatmini, T., & M.wahyuddin. (2013). Model interaksi struktur kepemilikan terhadap kebijakan hutang dan dividen dalam perspektif teori keagenan pada perusahaan manufaktur go publik di indonesia. Jurnal Pendidikan Ilmu Sosial, 23, 15–31.

Tristanto, A. (2021). Perusahaan Badan Usaha Milik Negara ( Klaster Industri Jasa Keuangan ). 27(2), 140–152.

Wedayanthi, K., & Darmayanti, N. (2016). Pengaruh Economic Value Added, Komposisi Dewan Komisaris Independen Dan Return on Assets Terhadap Nilai Perusahaan. E-Jurnal Manajemen Universitas Udayana, 5(6), 252158.




DOI: https://doi.org/10.33258/birci.v5i1.3685

Article Metrics

Abstract view : 129 times
PDF - 59 times

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.