The Effect of Islamic Corporate Governance and Maqashid Sharia Index on Firm value with Islamic Social Reporting as a Moderating Variable
Abstract
The need for organizational governance is currently a major issue in Islamic banks. This is important to increase the profitability of Islamic banks and investor confidence. The research aims to examine the effect of Islamic Corporate Governance and the Maqashid Sharia Index on Firm Value with Islamic social responsibility as a Moderating Variable. The population of this research used all Islamic commercial banks registered with Bank Indonesia (BI) and the Financial Services Authority (OJK). The study is explanatory research by selecting samples with the criteria: First, Islamic banks have presented their financial statements from the 2018-2020 period and could be accessed on the official websites of each Islamic bank or other official websites. Second, Islamic commercial banks have published the GCG Statement which can be accessed on the official website of Islamic banks. Based on the analysis results, it can be concluded that Islamic Corporate Governance and the Maqashid Sharia Index have a positive and insignificant effect on firm value. However, these results proved that ISR was able to moderate the relationship between Islamic Corporate Governance and the Maqashid Sharia Index with firm value.
Downloads
References
Damayanti, A. R. (2018). Pengaruh Profitabilitas dan Maqashid Syariah Index terhadap Nilai Perusahaan melalui Islamic social responsibility sebagai Variabel Moderating (Studi Kasus Bank Umum Syariah Tahun 2012- 2016). Skripsi, 1-113. Malang: Universitas Islam Negeri (UIN) Maulana Malik Ibrahim.
Dewi, S. (2018). Analisis Pengaruh Ukuran Perusahaan dan Kinerja Maqashid Syariah Index terhadap Nilai Perusahaan (Studi Pada Bank Umum Syariah Tahun 2012-2016). Skripsi, 1-100. Malang: Universitas Islam Negeri (UIN) Maulana Malik Ibrahim.
Fauziah, R. O. (2020). Pengaruh Umur Perusahaan, Ukuran Perusahaan, Leverage, Likuiditas, dan Profitabilitas terhadap Pengungkapan Islamic social responsibility pada Perusahaan yang Terdaftar di Jakarta Islamic Index (JII) Tahun 2015-2019. Skripsi, 1-142. Tegal: Universitas Pancasakti.
Ikfiyani, I. (2020). Pengaruh Penerapan Good Corporate Governance dan Islamic Social Responsibility terhadap Nilai Perusahaan dengan Kinerja Perusahaan sebagai Variabel Moderating (Studi Kasus pada Perusahaan yang Terdaftar di Jakarta Islamic Index (JII) Periode 2013-2018). Skripsi, 1-89. Salatiga: Institut Agama Islam Negeri (IAIN).
Jazilatur Rohmah, N. S. (2019). Analisis Pengaruh Ukuran Perusahaan dan Kinerja Maqashid Syariah Index terhadap Nilai Perusahaan (Studi Kasus pada Bank Umum Syariah Tahun 2013-2017). Jurnal Ekonomi dan Bisnis, 8(5), Februari 2019, 44-55.
Maknuun, L., & Annisa, M. (2021). The Effect of Good Corporate Governance, Third Party Funds and Asset Growth through Profitability on Bankruptcy Risk of Sharia Commercial Banks Listed on the Indonesia Stock Exchange. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 4(1), 287-299. https://doi.org/10.31538/iijse.v4i1.1517
Mubaroq, A. C. (2020). Analisis Pengaruh Islamic Corporate Governance (ICG) dan Maqashid Syariah Index (MSI) terhadap Nilai Perusahaan dengan Ukuran Perusahaan sebagai Variabel Moderasi (Studi Kasus pada Bank Umum Syariah di Indonesia Tahun 2014-2018). Skripsi, 1-153. Malang: Universitas Islam Negeri (UIN) Maulana Malik Ibrahim.
Musolli. (2018). Maqasid Syariah: Kajian Teoritis Dan Aplikatif Pada Isu-Isu Kontemporer. At-Turāṡ, 5(1), 60-82. https://doi.org/10.33650/at-turas.v5i1.324
Rohmah, A. (2020). Analisis Pengaruh Profitabilitas, Islamic Corporate Governance (ICG) dan Ukuran Perusahaan terhadap Nilai Perusahaan dengan Islamic Social Responsibility (ISR) sebagai Variabel Moderating pada Bank Umum Syariah di Indonesia Periode 2015-2019. Skripsi, 1-121. Salatiga: Institut Agama Islam Negeri (IAIN).
Sutapa, H. L. (2018). Peran Islamic social responsibility terhadap Nilai Perusahaan. Jurnal Akuntansi Indonesia, 7(1), Januari 2018, 57-68. http://dx.doi.org/10.30659/jai.7.1.57-68
Zessicha Belliana Putri, B. (2018). Pengaruh Corporate Social Responsibility terhadap Nilai Perusahaan dengan Kepemilikan Manajerial sebagai Variabel Moderating. Jurnal Ilmu dan Riset Manajemen, 7(3), Maret 2018, (1-1).
Copyright (c) 2023 Zaenal Alim Adiwijaya, Edy Suprianto, Dedi Rusdi
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
