Green Banking Disclosure, Service, Bank Efficiency and Firm Value: Evidence from Indonesian Islamic Commercial Banks

Alinni May Indry Saputri; Muhammad Iqbal Fasa; Dimas Pratomo

doi:10.54045/mutanaqishah.v6i2.3768

Authors

Alinni May Indry Saputri State Islamic University of Raden Intan Lampung, Indonesia
Muhammad Iqbal Fasa State Islamic University of Raden Intan Lampung, Indonesia
Dimas Pratomo State Islamic University of Raden Intan Lampung, Indonesia

DOI:

https://doi.org/10.54045/mutanaqishah.v6i2.3768

Keywords:

Disclosure; Green banking; Digitalization of services; Bank efficiency; Company values

Abstract

Purpose – This study examines the effects of Green Banking Disclosure, Service Digitalization, and Bank Efficiency on the Firm Value of Islamic Commercial Banks in Indonesia during the 2020–2024 period

Methodology – This study uses a quantitative approach with panel data from seven Islamic Commercial Banks in Indonesia, yielding 35 observations over five years. Secondary data were obtained from annual and sustainability reports. Green Banking Disclosure and Service Digitalization were measured using content analysis. Panel data regression was performed using EViews 13. Based on the Chow, Hausman, and Lagrange Multiplier tests, the Random Effect Model (REM) was selected as the appropriate estimation model.

Findings – Green Banking Disclosure has a negative but insignificant effect on Firm Value. Service Digitalization has a positive and significant effect on Firm Value (β = 0.578224; p = 0.0181), while Bank Efficiency also has a positive and significant effect (β = 0.006388; p = 0.0003). Simultaneously, the three variables significantly affect Firm Value (p = 0.000652). The adjusted R² of 0.364450 indicates that the model explains 36.445% of the variation in Firm Value.

Implications– Islamic banks should strengthen service digitalization and operational efficiency while improving the substantive implementation of Green Banking beyond disclosure. Investors should consider digital capabilities and efficiency alongside sustainability and other financial fundamentals when assessing Islamic banks.

Originality– This study integrates Green Banking Disclosure, Service Digitalization, and bank efficiency into a single panel-data model to provide empirical evidence on the determinants of Firm Value in Indonesian Islamic Commercial Banks.

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