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Pengaruh Sustainability Finance Dan Manajemen Risiko Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderasi Asrori, Moh Nasukhin; Oktaviana, Ulfi kartika
JPEK: Jurnal Pendidikan Ekonomi dan Kewirausahaan Vol 10 No 1 (2026): JPEK (Jurnal Pendidikan Ekonomi dan Kewirausahaan)
Publisher : Universitas Hamzanwadi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29408/jpek.v10i1.34058

Abstract

The Gulf Cooperation Council's economy, which remains dependent on the oil sector, creates vulnerability to global volatility, making Islamic banking finance crucial. However, previous findings regarding the influence of financing on firm value have shown mixed and inconsistent findings. The purpose of this study is to analyze the influence of sustainable finance and risk management on value maintenance and to examine the role of profitability as a moderating variable. The study uses a quantitative approach with secondary data from the annual financial reports of 18 Islamic banks in the GCC region for the period 2019-2024 (108 observations). The analysis was conducted using panel data regression and moderated regression analysis (MRA). The results indicate that sustainable finance has a significant positive effect on firm value, while risk management has a significant negative effect. Profitability (ROA) is able to moderate the influence of sustainable finance, but does not moderate the influence of risk management on firm value. These results emphasize the important role of sustainable finance in driving increased firm value in Islamic banking and indicate that the role of profitability as a moderating variable is suppressive.
The Role of Bank Size Mediation Between Capital and Efficiency on Islamic Bank Profitability in GCC Region Marpaung, Reza Rahmad; Oktaviana, Ulfi Kartika
MEC-J (Management and Economics Journal) Vol 10, No 1 (2026)
Publisher : Faculty of Economics, State Islamic University of Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/mec-j.v10i1.41206

Abstract

Islamic bank operating in GCC region controlled approximately 52.5% of total global Islamic financial asset at the end of 2023. However, this large share of asset has not been accompanied by optimal profitability. The purpose in this study to examine the influence of CAR and CIR on ROA of Islamic bank in GCC region during the period 2020–2024 with placing the role of bank size as a mediating variable. The method applied is quantitative method through causal associative approach. This study utilizes secondary data obtained from annual financial report of 24 Islamic banks in GCC region, which were determined based on purposive sampling techniques. Data processing and analysis were conducted using panel data regression to test the relationships among variables, taking into account the effect of each entity as well as time-series factors using Fixed Effect Model in EViews 12 software, along with sobel test to examine the mediating role of bank size. The result of the first structural analysis CAR was found to have a significant influence on bank size, while CIR showed no. Furthermore, in the second structural analysis CIR and bank size significantly affect ROA, while CAR showed no. The sobel test result show that bank size is unable to mediate the influence of CAR and CIR on ROA. These finding indicate that operational efficiency and bank scale factors in Islamic bank in GCC region play a greater role in determining ROA than capital adequacy level. This study provides insights and serves as a basis for assessing the influence of CAR, CIR, and bank size on ROA of Islamic bank operating in GCC region.
What Drives Islamic Banking Stability in ASEAN? The Mediating Role of Good Governance Abidin, Zainal; Oktaviana, Ulfi Kartika; Khairat, Habil
Shirkah: Journal of Economics and Business Vol. 11 No. 1 (2026)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/shirkah.v11i1.894

Abstract

This study examines the determinants of Islamic banking stability in the ASEAN region by investigating the mediating role of good governance in the relationship between internal and external risk factors and bank stability. While prior studies have primarily focused on the direct determinants of banking resilience, limited attention has been paid to the intermediary role of governance in shaping Islamic banking stability. This study addresses this gap by integrating good governance into a comprehensive analytical framework. Using secondary panel data from Islamic banks in Indonesia and Malaysia during the 2019–2023 period, the study employs multiple regression analysis and the Sobel test to assess mediation effects. Data were collected from individual bank financial reports, central bank databases, and the Worldwide Governance Indicators (WGI). The findings reveal that credit risk negatively and significantly affects Islamic banking stability, whereas capital risk and exchange rates exert positive and significant effects. Interest rates demonstrate a positive but insignificant influence. Good governance significantly enhances Islamic banking stability and mediates the effects of capital risk and exchange rates, but not those of credit risk and interest rates. These findings underscore the strategic importance of governance mechanisms in strengthening the resilience and sustainability of Islamic banking institutions amid regional and global financial uncertainty.