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The Effect of Sustainable Finance on Financial Performance and Asset Quality through Risk Management in Islamic Banks in Indonesia Agus Windiarto; Susy Muchtar; Tatik Mariyanti
Jurnal Ilmiah Manajemen Kesatuan Vol. 14 No. 4 (2026): JIMKES Edisi Juli 2026
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v14i4.5367

Abstract

This research is driven by the growing focus on sustainable finance rooted in Environmental, Social, and Governance (ESG) principles within the Islamic banking sector, although its application in Indonesia is still not optimal. This study aims to examine the impact of sustainable finance on financial performance and asset quality, considering the mediating influence of risk management in Islamic commercial banks in Indonesia. The research utilizes a quantitative method with a causal framework, utilizing panel data from 12 banks during the period 2021–2024, assessed through panel regression and mediation analysis. The findings indicate that sustainable finance has a significant negative effect on financial performance and no significant effect on asset quality. Furthermore, risk management positively and significantly influences financial performance, while its effect on asset quality is not significant. Moreover, it has been observed that risk management plays a mediating role in the connection between sustainable finance and financial performance, yet not in the link between sustainable finance and asset quality. These results suggest that the effect of sustainable finance is indirect and prolonged by enhancing risk management. This study suggests that Islamic banks must better incorporate ESG principles into their risk management frameworks, and regulators ought to enhance supportive policies.
Pengaruh CSR dan Ownership Structure Terhadap Kinerja dengan Moderasi GCG pada Perusahaan Sektor Consumer Non-Cyclical Rifki Tri Nurasa; Susy Muchtar
Community Engagement and Emergence Journal (CEEJ) Vol. 6 No. 5 (2025): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v6i6.9204

Abstract

Tujuan Penelitian ini adalah untuk menguji pengaruh corporate social responsibility, institutional ownership, foreign ownership terhadap kinerja perusahaan dengan corporate governance sebagai variabel moderasi. Pengumpulan data melalui metode purposive sampling yaitu sebanyak 27 perusahaan sektor konsumen non-cyclical bersumber dari bahan-bahan yang dipublikasikan di laman web Bursa Efek Indonesia, website BPS, dan laman web seluruh subjek penelitian sepanjang tahun 2019 hingga 2023. Hasil dalam penelitian ini disimpulkan sebagai berikut CSR dan Firm Size tidak berpengaruh signifikan terhadap nilai perusahaan, Institutional Ownership, Foreign Ownership, dan Leverage berpengaruh positif signifikan terhadap nilai perusahaan, Komisaris Independen dan Komite Audit dapat memoderasi pengaruh Foreign Ownership terhadap nilai perusahaan, sedangkan Komisaris Independen dan Komite Audit tidak dapat memoderasi pengaruh CSR terhadap nilai perusahaan, komisaris independen dapat memoderasi pengaruh Institutional Ownership terhadap nilai perusahaan, dan komite audit tidak dapat memoderasi pengaruh Institutional Ownership terhadap nilai perusahaan.