PERAN ESG FINANCING DALAM MENINGKATKAN PROFITABILITAS MELALUI RISIKO PADA PT BANK SYARIAH INDONESIA

Zeze Zakaria Hamzah; Mujito; Jarot Wuryanto; Novita Anggraeni; Tika Kartika Asri; Tyara Pratiwi Poernomoputri

doi:10.61159/n532cv97

Authors

Zeze Zakaria Hamzah
Mujito
Jarot Wuryanto
Novita Anggraeni
Tika Kartika Asri
Tyara Pratiwi Poernomoputri

DOI:

https://doi.org/10.61159/n532cv97

Keywords:

ESG Financing, Green Financing, Profitabilitas, Risiko Bank

Abstract

Penelitian ini bertujuan untuk menguji pengaruh Green Financing (ESG Financing) terhadap profitabilitas dengan mempertimbangkan peran risiko bank sebagai variabel mediasi pada Bank Syariah Indonesia. Penelitian ini dilatarbelakangi oleh perdebatan empiris mengenai hubungan antara ESG dan kinerja keuangan, di mana beberapa studi menunjukkan bahwa ESG tidak selalu berdampak langsung terhadap profitabilitas. Metode penelitian yang digunakan adalah pendekatan kuantitatif dengan analisis regresi linier, analisis jalur, serta uji Sobel untuk menguji efek mediasi. Hasil penelitian menunjukkan bahwa Green Financing tidak berpengaruh signifikan terhadap profitabilitas. Sebaliknya, Green Financing berpengaruh positif dan signifikan terhadap risiko bank, dan risiko bank berpengaruh positif dan signifikan terhadap profitabilitas. Lebih lanjut, hasil uji Sobel menunjukkan adanya pengaruh mediasi yang signifikan dengan jenis mediasi penuh (full mediation). Temuan ini mengindikasikan bahwa peningkatan profitabilitas melalui ESG Financing tidak terjadi secara langsung, melainkan melalui peningkatan risiko. Implikasi penelitian ini menegaskan adanya trade-off antara keberlanjutan dan risiko, sehingga implementasi ESG Financing perlu diimbangi dengan manajemen risiko yang efektif agar dapat memberikan manfaat jangka panjang bagi kinerja perbankan syariah.

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