When Digitalization Meets Governance: A Positivistic Analysis of Firm Performance in Indonesian Banks

Yuni Wira Yasa (Department of Accounting, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia)
Bambang Tjahjadi (Department of Accounting, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia)

Jurnal Dinamika Akuntansi dan Bisnis (JDAB)
Vol. 13 No. 2 (2026): September 2026: in progress

Despite growing digital investment, its contribution to bank performance remains uncertain. This study assesses corporate governance as a mediator between digitalization and performance among banks listed on the Indonesia Stock Exchange. Grounded in the Resource-Based View (RBV), it adopts a positivist approach using 222 bank-year observations from 2020–2024 and pooled regression in SPSS. Digitalization has no significant direct association with performance but is positively associated with board size, which is positively associated with performance. PROCESS Model 4 with 5,000 bootstrap samples indicates a significant indirect association through board size. The findings suggest aligning digital investment with governance structures. These associations require caution because the analysis does not account for within-bank dependence.