JURNAL AKUNTANSI KEUANGAN DAN MANAJEMEN
Vol 7 No 4 (2026): September

Strengthening Banking Stability: Green Banking, ESG Performance, Intellectual Capital and CGC as a Moderating Variable

Lasty Agustuty (STIE Tri Dharma Nusantara, Sulawesi Selatan, Indonesia)
Nurfatwa Andriani Yasin (STIE Tri Dharma Nusantara, Sulawesi Selatan, Indonesia)
Afriyani Afriyani (STIE Tri Dharma Nusantara, Sulawesi Selatan, Indonesia)
Andi Rifqah Purnama Alam (STIE Tri Dharma Nusantara, Sulawesi Selatan, Indonesia)



Article Info

Publish Date
01 Sep 2026

Abstract

Purpose: This study explores the influence of green banking, Environmental, Social, and Governance (ESG), and intellectual capital on increasing financial stability, with effective corporate governance as a moderating variable, specifically in the context of Indonesian Sharia banks.Methodology: This study employs a quantitative methodology, focusing on nine Sharia Banks selected through purposive sampling. Data were sourced from annual reports, sustainability reports, and financial statements spanning 2020-2024. Statistical analysis was conducted using multiple linear panel data regression and Moderated Regression Analysis (MRA) with EViews software.Results: This study finds that green banking, ESG, intellectual capital, and Good Corporate Governance (GCG) significantly and positively influence financial stability. The moderating variable, GCG, considerably influences the relationship between intellectual capital and financial stability. Nonetheless, it fails to reinforce the connections between green banking and financial stability and between ESG and financial stability.Conclusion: Sharia banks must continually focus on managing intangible assets, including green banking, ESG, and enhancing intellectual capital, as these are interconnected with improving performance, operational efficiency, competitive advantage, maximizing profits, and maintaining the bank's financial stability.Limitations: The generalizability of the results to other countries or banking contexts may be restricted by the research's emphasis on Indonesian Sharia banks.Contributions: This study enhances the understanding of Indonesia's green banking policies and corporate governance, providing useful perspectives for regulators and bank management to enhance financial stability.

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Journal Info

Abbrev

Jakman

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Mathematics

Description

Jurnal Akuntansi, Keuangan dan Manajemen (Jakman) adalah jurnal peer-review dalam bidang Akuntansi, Keuangan, dan Manajemen. Jakman menerbitkan artikel yang relevan dan telah direview oleh beberapa editor yang merupakan ahli di bidangnya. Jurnal ini diharapkan dapat menjadi platform yang signifikan ...