The Effect of Good Corporate Governance on the Financial Performance of Bank Muamalat Indonesia

Iman Ni’matullah

doi:10.55927/ajabm.v4i3.461

Authors

Iman Ni’matullah Institut Keuangan Perbankan dan Informatika Asia Perbanas

DOI:

https://doi.org/10.55927/ajabm.v4i3.461

Keywords:

Good Corporate Governance, Financial Performance, Bank Muamalat

Abstract

Company financial performance is an important component for increasing competitiveness in the banking sector. However, in the practice of Bank Muamalat's development, financial performance as measured by ROA does not always grow as expected. For this reason, analysis related to factors that influence financial performance, such as the components of Good Corporate Governance, is important to carry out. The objective of this study is to investigate the influence of the delta frequency of the sharia supervisory board, independent board of commissioners, ROA is overseen by the board of directors and an audit committee. The theories used in this study are agency theory, financial performance theory, and good corporate governance theory. The method used in this study is quantitative. The sample used is Bank Muamalat for the period 2018 to 2024. The documentation approach is used in the data collection process. Eviews 12 software is used to conduct multiple linear regression analysis on the data. The results of this study state that (1) There is a significant negative influence between the delta of the frequency of Sharia Supervisory Board meetings on ROA, (2) There is no significant influence between the delta of the frequency of Independent Board of Commissioners meetings on ROA, (3) There is no significant influence between the delta of the frequency of Independent Board of Commissioners meetings on ROA, (4) There is a significant positive influence between the delta of the frequency of Audit Committee meetings on ROA.

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