Main Article Content
Abstract
This study examines the influence of earnings quality, banking technology, operational efficiency, and non-performing loans (NPLs) on firm value in the Indonesian banking sector. Employing a quantitative approach, the study analyzes secondary data from conventional banks listed on the Indonesia Stock Exchange (IDX) between 2021 and 2023. Tobin’s Q is used to measure firm value, while independent variables include Net Profit Margin (NPM), mobile banking usage, BOPO (operating expenses to income ratio), and NPLs. The results reveal that earnings quality (NPM) and banking technology (mobile banking) have a significant positive effect on firm value, indicating that profitability and digital adoption enhance investor trust and market valuation. Conversely, operational inefficiency (BOPO) and high NPL levels negatively impact firm value, suggesting that cost control and credit risk management are critical to sustaining financial performance. Firm size also demonstrates a significant positive effect, underscoring its role in reinforcing stability and resilience in dynamic financial environments. This research contributes to the understanding of how financial and technological variables interact to shape firm value, particularly amid the digital transformation of the banking industry. The findings support both signaling and stakeholder theories, indicating that transparent, efficient, and tech-savvy operations serve as credible signals to investors and promote long-term value creation.
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References
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References
Bank Indonesia. (2013). Surat Edaran Bank Indonesia Nomor 15/29/Dkbu Tanggal 31 Juli 2013.
Daljono, S. M. Lantip. (2023). Pengaruh Transformasi Digital Terhadap Kinerja Keuangan Dengan Ukuran Perusahaan Sebagai Variabel Moderasi. Diponegoro Journal Of Accounting, 12(4), 1–1.
Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting Earnings Management Author(S): Detecting Earnings Management. In Source: The Accounting Review (Vol. 70, Issue 2).
Fristiani, N. L., Pangastuti, D. A., & Harmono, H. (2020). Intellectual Capital Dan Kinerja Keuangan Terhadap Nilai Perusahaan: Pada Industri Perbankan. Afre (Accounting And Financial Review), 3(1). Https://Doi.Org/10.26905/Afr.V3i1.4223
Herlina, H., Damayanti, F., & Ikhsan, S. (2024). Pengaruh Capital Adequacy Ratio (Car), Net Interest Margin (Nim), Beban Operasional Dan Pendapatan Operasional (Bopo), Loan To Deposit Ratio (Ldr) Terhadap Non Performing Loan (Npl) Pada Bank Pembangunan Daerah Di Indonesia Periode 2019 – 2023. Jesya, 7(2), 1511–1523. Https://Doi.Org/10.36778/Jesya.V7i2.1623
Kasmir. (2017). Analisis Laporan Keuangan. Rajawali Pers.
Kemunto Oira, J., & Kibati, D. P. (2016). Influence Of Innovation On The Performance Of Commercial Banks In Nakuru Central Business District. Iosr Journal Of Business And Management, 18(10), 102–113. Https://Doi.Org/10.9790/487x-181003102113
Kowalewski, O. (2016). Corporate Governance And Corporate Performance: Financial Crisis (2008). Management Research Review, 39(11), 1494–1515. Https://Doi.Org/10.1108/Mrr-12-2014-0287
Kurnia, D. (2017). Analisis Signifikansi Leverage Dan Kebijakan Deviden Terhadap Nilai Perusahaan. Jurnal Akutansi, 4(2).
Marcella Dan Zulfikar, A., & Marcella, A. (2024). Pengaruh Financial Technology Terhadap Kinerja Keuangan Perbankan Syariah Dengan Online Service Information Sebagai Variabel Moderasi. 10(2).
OJK. (2021). Buletin Riset Kebijakan Perbankan.
Rahyulia, M., Harini, G., Si, M., Pd, M., Ekonomi, F., & Bisnis, D. (2024). Surplus : Jurnal Ekonomi Dan Bisnis Pengaruh Kebijakan Dividen, Kualitas Laba Dan Opini Audit Terhadap Nilai Perusahaan Pada Sektor Financial Utama Di Bursa Efek Indonesia Periode 2018-2022. Surplus: Jurnal Ekonomi Dan Bisnis, 2(2).
Ross, L. (1977). The Intuitive Psychologist And His Shortcomings: Distortions In The Attribution Process. American Psychologist.
Sholika, S. A., & Zaki, A. (2024). Pengaruh Non-Performing Loan (Npl), Beban Operasional Pendapatan Operasional (Bopo), Capital Adequancy Ratio (Car) Dan Struktur Kepemilikan Terhadap Kinerja Keuangan Bank Tahun 2018-2022. Jurnal Ilmu Manajemen, 12(1), 1023–1038.
Sugiyono. (2019). Qualitative And Quantitative Research Methods R & D. Alfabeta.
Sujarweni, V. W. (2014). Spss Untuk Penelitian. Pustaka Baru Press.
Sumarsono, V., & Laksito, H. (2024). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Pengungkapan Csr Dan Gcg Sebagai Variabel Pemoderasi (Studi Perusahaan Manufaktur Industri Sektor Basic Industry And Chemicals Yang Terdaftar Di Bei Tahun 2020-2022). Diponegoro Journal Of Accounting, 13(3). Http://Ejournal-S1.Undip.Ac.Id/Index.Php/Accounting
Syahzuni, B. A., & Sari, R. D. (2022). Pengaruh Kualitas Laba Dan Financial Leverage Terhadap Kinerja Keuangan Dengan Reaksi Pasar Sebagai Variabel Intervening. Jurnal Akuntansi Bisnis, 15(1). Https://Doi.Org/10.30813/Jab.V15i1.2932
Tam, C., & Oliveira, T. (2017). Literature Review Of Mobile Banking And Individual Performance. In International Journal Of Bank Marketing (Vol. 35, Issue 7, Pp. 1042–1065). Emerald Group Publishing Ltd. Https://Doi.Org/10.1108/Ijbm-09-2015-0143