Claim Missing Document
Check
Articles

Found 2 Documents
Search
Journal : Governors

Profitability Intervention: Role of ESG Disclosure and Company Size on Financial Performance Parwati, Tri Ayu; Rici, Suchi Avita; Fajar, Muhammad
GOVERNORS Vol. 4 No. 2 (2025): August-November 2025 Issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i2.6479

Abstract

This study aims to determine the effect of esg disclosure, company size, on financial performance with profitability as an intervening variable. The population used in this study are IDXESGLeader companies listed on the Indonesia Stock Exchange (BEI) in 2019-2023. The sampling technique in this study was purposive sampling and obtained 17 IDXESGLeader companies with 85 observations. The analysis method used is multiple linear regression analysis. Based on the simultaneous test results that the esg disclosure variable, company size, and profitability affect financial performance. While with intervening variables, the simultaneous test results of ESG disclosure variables, company size, affect financial performance through profitability as an intervening variable. Based on the partial test results that ESG disclosure and company size have no significant effect on profitability, ESG disclosure has a significant effect on financial performance, company size affects company size, and profitability affects financial performance. Meanwhile, with the intervening variable, the partial test results of the ESG disclosure variable, company size have no effect on financial performance through profitability in IDXESGLeader companies listed on the Indonesia Stock Exchange (BEI) in 2019-2023.
Financial Leverage and Firm Performance in Islamic Banks: A Signal Theory Approach Rici, Suchi Avita; Wahyudi, Rahmat
GOVERNORS Vol. 4 No. 3 (2025): December 2025-March 2026 issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i3.6910

Abstract

Financial leverage is one of the main factors affecting overall company productivity, so its existence cannot be ignored. Currently, there is a wealth of literature discussing leverage in various companies in different regions. Meanwhile, Islamic banking is a growing sector that is attracting the interest of researchers. However, there are still few studies that specifically discuss financial leverage in the context of Islamic banks. Therefore, this study aims to evaluate the effect of financial leverage on the performance of Islamic banks. This study also aims to examine the application of signaling theory in assessing the impact of financial leverage on company performance. The population used in this study is Islamic banks listed on the Indonesia Stock Exchange (IDX) from 2015 to 2024. The sampling technique used in this study is purposive sampling, resulting in 11 Islamic banks with 110 observations. The analysis method used is panel data regression analysis. Researcher deployed latest version of E-views for data analysis in current study. The results of this study provide strong evidence to support Signaling Theory. This theory states that a bank's performance will be much better if it has higher capital. The results of the study show that in Islamic banks, financial leverage is at a level that is entirely dependent on the flexibility ratio to adjust their debt and earnings power.