Pengaruh sustainability finance dan manajemen risiko terhadap nilai perusahaan dengan profitabilitas sebagai variabel moderasi

Asrori, Moh Nasukhin and Oktaviana, Ulfi Kartika ORCID: https://orcid.org/0000-0002-5222-4423 (2026) Pengaruh sustainability finance dan manajemen risiko terhadap nilai perusahaan dengan profitabilitas sebagai variabel moderasi. JPEK (Jurnal Pendidikan Ekonomi dan Kewirausahaan), 10 (1). pp. 65-78. ISSN 2549-0893

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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.

Item Type:	Journal Article
Keywords:	Sustainability finance; risk management; company value; profitability ; Islamic banking; Gulf Cooperation Council (GCC).
Subjects:	15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150299 Banking, Finance and Investment not elsewhere classified
Divisions:	Faculty of Economics > Department of Islamic Banking
Depositing User:	Ulfi Kartika Oktaviana
Date Deposited:	03 Jun 2026 09:34

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