Green banking, green investment, and sustainability development banking in Indonesia
DOI:
https://doi.org/10.35335/ijafibs.v11i3.169Keywords:
Firm Value, Green Banking, Green Investment, ProfitabilityAbstract
Sustainability development was the primary imperative to protect the planet from damage. Sustainabilty development transformed business practices into environmentally responsible initiatives within the community, focusing on green projects and operations with sustainability at the forefront. This research analyzed the influence of green banking and green investment on firm value with profitability as an intervening variable. The research population was the banking sector listed on the Indonesian Stock Exchange in 2018-2022. Data analysis is performed using double regression with estimated data panel fixed effect model and sobel test. The research results indicate that green banking significantly and negatively affects profitability, while green investment has an insignificant and negative impact. However, both green banking and profitability have a positive and statistically significant influence on firm value. Green investment has a negative and insignificant effect on firm value. Lastly, profitability does not intervening the relationship between green banking and green investment on firm value.
References
Afinindy, I., Salim, U., & Ratnawati, K. (2021). The Effect of Profitability, Firm size, Liquidity, Sales Growth on Firm Value Mediated Capital Structure. International Journal of Business, Economics and Law, 24(4), 15–22.
Amro, P. Z. N., & Asyik, N. F. (2021). Pengaruh profitabilitas, ukuran perusahaan, dan struktur modal terhadap nilai perusahaan. Jurnal Ilmu Dan Riset Akuntansi (JIRA), 10(7).
Anggraini, D., Nita Aryani, D., Budi Prasetyo, I., & Malang Kucecwara, S. (2020). Analisis implementasi green banking dan kinerja keuangan terhadap profitabilitas bank di Indonesia. JBMI (Jurnal Bisnis, Manajemen, Dan Informatika), 17(2), 141–161. https://doi.org/10.26487/jbmi.v17i2.11264
Anggraini, S., Iqbal, F. M., Suharto, & Fachri, A. (2022). Analisis Pengaruh Green Banking Terhadap Profitabilitas Bank Umum Syariah Indonesia. Journal of Business Management and Islamic Banking, 1(1), 73–88. https://doi.org/10.14421/jbmib
Anisah, B. R. (2020). Eksistensi Investasi Hijau dalam Poros Pembangungan Ekonomi sebagai Bentuk Manifestasi Perlindungan atas Lingkungan Hidup. Padjadjaran Law Review, 8(1), 127–142.
Azhari, A. M. B., & Hasibuan, D. H. M. (2023). The Effect of Green Investment, Intellectual Capital Disclosure, and Carbon Emission Disclosure on Firm Value. Riset : Jurnal Aplikasi Ekonomi, Akuntansi Dan Bisnis, 5(2), 001–015. https://doi.org/10.37641/riset.v5i2.269
Azzahra, S. F., Syaifuddin, D. T., & Saleh, S. (2023). The Influence of Green Banking and Financial Performance, Retrieved from Profitability Bank. In Indonesian Annual Conference Series, 2, 97–106.
Badri, R. E., Susanti, & Putri, A. S. (2022). Factors Affecting Green Banking Implementation in Indonesia. Proceeding International Conference on Information Technology and Business, 7–13.
Chandra, W., & Sumani. (2023). Pengaruh Inovasi Terhadap Profitabilitas Perusahaan Sektor Industri Energi di Indonesia. Jurnal Akutansi, 17(1), 59–83. https://doi.org/10.25170/jara.v17i1.4331
Dani, I. M., & Harto, P. (2022). Pengaruh Kinerja Lingkungan Dan Green Investment Terhadap Pengungkapan Emisi Karbon. Diponegoro Journal of Accounting, 11(4), 1–10. http://ejournal-s1.undip.ac.id/index.php/accounting
Fajriah, S. D., Riani, R., & Surur, M. (2023). Does the Implementation of Green Banking Affect the Profitability of Islamic Banks in Indonesia? FICCOMSS: Proceedings of FEMFEST International Conference on Economics, Management, and Business, 1, 250–266. https://doi.org/10.1080/20430795.2020.1870202
Handajani, L., Rifai, A., & Husnan, L. H. (2019). Kajian Tentang Inisiasi Praktik Green Banking Pada Bank BUMN di Indonesia. Jurnal Economia Review of Business and Economics, 15(1), 1–16. https://journal.uny.ac.id/index.php/economia
Hasanah, N., & Hariyono, S. (2022). Analisis Implementasi Green Financing Dan Kinerja Keuangan Terhadap Profitabilitas Perbankan Umum Di Indonesia. Jurnal Ekobis: Ekonomi, Bisnis & Manajemen, 12(1), 149–157. http://ejournal.stiemj.ac.id/index.php/ekobis
Hastuti, T., & Kusumadewi, R. K. A. (2023). Pengaruh Green Banking Terhadap Nilai Perusahaan: Peran Pemediasi Efisiensi Bank. Reviu Akuntansi Dan Bisnis Indonesia, 7(2), 380–393.
Hidayat, I., & Khotimah, K. (2022). Pengaruh Profitabilitas dan Ukuran PerusahaanTerhadap Nilai Perusahaan Sub Sektor Kimia Yang Terdaftar Di Bursa Efek Periode 2018-2020. Jurnal Ilmiah Akuntansi Kesatuan, 10(1), 1–8. https://doi.org/10.37641/jiakes.v10i1.1175
Husna, A., & Satria, I. (2019). Effects of Return on Asset, Debt to Asset Ratio, Current Ratio, Firm Size, and Dividend Payout Ratio on Firm Value. International Journal of Economics and Financial Issues, 9(5), 50–54. https://doi.org/10.32479/ijefi.8595
Indriastuti, M., & Chariri, A. (2021). The role of green investment and corporate social responsibility investment on sustainable performance. Cogent Business and Management, 8(1). https://doi.org/10.1080/23311975.2021.1960120
Karyani, E., & Obrien, V. V. (2020). Green Banking and Performance: The Role of Foreign and Public Ownership. Jurnal Dinamika Akuntansi Dan Bisnis, 7(2), 221–234. https://doi.org/10.24815/jdab.v7i2.17150
Kolamban, D. V, Murni, S., & Baramuly, D. N. (2020). Analysis Of The Effect Of Laverage Profitability And Company Size on Firm Value In The Banking Industry Registered On The IDX. Emba: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akutansi, 8(3), 174–183.
Kurniawan, L. L. (2021). Pengaruh Kinerja Keuangan Terhadap Green Banking Disclosure dengan Mekanisme Kontrol sebagai Variabel Moderasi. Jurnal Ilmiah Wahana Akuntansi, 16(1), 1–16. https://doi.org/10.21009/wahana.16.011
Kweeswara, C. O., & Irawan, J. F. P. (2023). Green Banking, Kesehatan Bank dan Profitabilitas dengan Corporate Social Responsibility sebagai Variabel Moderasi. E-Jurnal Akuntansi, 33(4), 968. https://doi.org/10.24843/eja.2023.v33.i04.p07
Madyoningrum, A. W. (2019). Pengaruh firm size, leverage dan profitabilitas terhadap kebijakan deviden. Jurnal Bisnis Dan Manajemen, 6(1), 45–55.
Malini, H. (2022). Islamic Banking Sustainability in Indonesia. IJTIMAIYA: Journal of Social Science Teaching, 6(1), 59. https://doi.org/10.21043/ji.v6i1.11500
Mardiana, I. A., Akuntansi, J., Ekonomi, F., & Wuryani, E. (2019). Pengaruh Kinerja Lingkungan Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Pemoderasi (Vol. 8, Issue 1). http://jurnalmahasiswa.unesa.ac.id/index.php/jurnal-akuntansi/
Mubyarto, N. (2020). The Influence of Profitability on Firm Value using Capital Structure As The Mediator. Jurnal Economia, 16(2), 184–199.
Murwaningsari, E., & Rachmawati, S. (2023). The Effect of Green Banking and Green Investment on Firm Value with Eco-Efficiency as Moderation. International Journal of Social and Management Studies, 4(2), 141–150. http://www.ijosmas.org
Nabila, A., Asfa-Haliza, P., Ekonomi, F., Bisnis, D., Asfahaliza, P., & Anggraeni, P. W. (2022). Pengaruh Penerapan Green Banking Ter-Hadap Profitabilitas Perbankan Di Indonesia Periode 2016-2021. Contemporary Studies in Economic, Finance and Banking, 1(2), 298–311. https://doi.org/10.21776/csefb.2022.01.2.10
Nurmalia, G., Zuliansyah, & Kurniawan, M. (2021). Green Banking Dan Rasio Kecukupan Modal Mempengaruhi Pertumbuhan Laba Bank Umum Syariah Di Indonesia. Fidusia: Jurnal Keuangan Dan Perbankan, 4(2), 173–182.
Pramyswari, D. A. R., & Marsono, A. D. (2023). The Effect of Green Banking Activities on Firm Value with Profitability as an Intervening Variable on Digital Service-Based Banks Listed in Asia. Prosiding Seminar Nasional Teknik Industri, 1, 746–756.
Pratiwi, A., Basyith, A., & Safitri, E. (2023). Disclosure of Green Banking, Profitability and Company Size on Company Value in Banking in Indonesia. International Journal of Finance Research, 4(2), 115–127. https://doi.org/10.47747/ijfr.v4i2.1211
Rachman, A. A., & Saudi, M. H. (2021). Green Banking And Profitability (Banks Registered On The Sri-Kehati Index In Indonesia Stock Exchange 2015 - 2019). Turkish Journal of Computer and Mathematics Education, 12(8), 473–486.
Rahmanita, S. A. (2020). Pengaruh Carbon Emission Disclosure Terhadap Nilai Perusahaan Dengan Kinerja Lingkungan Sebagai Variabel Pemoderasi. Akuntansi: Jurnal Akuntansi Integratif, 6(1), 54–70.
Ramdhonah, Z., Solikin, I., & Sari, M. (2019). Pengaruh Struktur Modal, Ukuran Perusahaan, Pertumbuhan Perusahaan, Dan Profitabilitas Terhadap Nilai Perusahaan (Studi Empiris Pada Perusahaan Sektor Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2011-2017). Jurnal Riset Akutansi Dan Akutansi, 7(1), 67–82.
Rosita, R., & Richawati, K. (2021). Pengaruh CR, ROA dan Ukuran Perusahaan Terhadap Nilai Perusahaan dengan Struktur Modal Sebagai Intervening. Inventory: Jurnal Akuntansi, 5(2), 114–126. https://doi.org/10.25273/inventory.v5vi2i.9007
Safitri, V. A., Sari, L., & Gamayuni, R. R. (2019). Research and Development, Environmental Investments, to Eco-Efficiency, and Firm Value. The Indonesian Journal of Accounting Research, 22(03). https://doi.org/10.33312/ijar.446
Saleh, M. (2020). Does Corporate Sustainability Create Long-term Shareholder Value? Evidence from Public Listed Companies in Indonesia. International Journal of Business and Applied Social Science, 40–48. https://doi.org/10.33642/ijbass.v6n12p5
Setiadi, I., Amrizal, & Efriadi, A. R. (2023). Corporate governance, karakteristik perusahaan dan green banking di Indonesia. AKUNTABEL, 20(1), 48–52.
Simanungkalit, A. A., & Mayangsari, S. (2022). Pengaruh Diversifikasi Gender, Kepemilikan Manajerial dan Green Banking Terhadap Nilai Perusahaan Perbankan. Jurnal Ekonomi Trisakti, 2(2), 451–466. https://doi.org/10.25105/jet.v2i2.14472
Suryandari, N. N. A., Susandya, A. A. P. G. B. A., & Wijaya, I. G. W. E. (2021). Faktor Profitabilitas, Kebijakan Hutang, Kebijakan Dividen, Keputusan Investasi Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Perbankan. AKSES: Jurnal Penelitian Dan Pengabdian Kepada Masyarakat Universitas Ngurah Rai, 13(2), 102–117.
Sutama, D. R., & Lisa, E. (2018). Pengaruh leverage dan profitabilitas terhadap nilai perusahaan (Studi pada Perusahaan Sektor Manufaktur Food and Beverage yang terdaftar di Bursa Efek Indonesia). Jurnal Sains Manajemen & Akuntansi, 10(1), 21–39.
Tanasya, A., & Handayani, S. (2020). Green Investment dan Corporate Governance Terhadap Nilai Perusahaan: Profitabilitas Sebagai Pemediasi. Jurnal Bisnis Dan Akuntansi, 22(2), 225–238. http://jurnaltsm.id/index.php/JBA
Tran, T. T. T., Do, H. N., Vu, T. H., & Do, N. N. M. (2020). The factors affecting green investment for sustainable development. Decision Science Letters, 9(3), 365–386. https://doi.org/10.5267/j.dsl.2020.4.002
Triyani, & Rusmanto, T. (2022). The Effect of Social Responsibility Disclosure, Carbon Emission Disclosure, Green Investment, and Financial Performance Toward Firm Value: The Case of Indonesia. IEOM Society International, 1672–1681.
Wachyu, W., Winarto, A., Nurhidayah, T., Akuntansi, S., Tinggi, S., Ekonomi, I., & Pemalang, A. (2021). Pengaruh Green Banking Disclosure Terhadap Nilai Perusahaan Pada Bank Umum Syariah Di Indonesia. 1(2).
Winarto, W. W. A., Nurhidayah, T., & Sukirno. (2021). Pengaruh Green Banking Disclosure Terhadap Nilai Perusahaan Pada Bank Umum Syariah Di Indonesia. Velocity: Journal of Sharia Finance and Banking, 1(2), 12–22.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 International Journal of Applied Finance and Business Studies
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
