The THE IMPACT OF INDEPENDENT COMMISSIONERS ON BANK PROFITABILITY: THE MODERATING ROLE OF OPERATIONAL EFFICIENCY IN INDONESIAN BANKS

Abstract

This study aims to analyze the influence of the number of independent commissioners on company profitability with operational efficiency as a moderating variable. The study focuses on the banking sector in Indonesia listed on the Indonesia Stock Exchange for the years 2016-2020. The sample analyzed consists of 37 banks with 167 observations over 5 years. This study conducted hypothesis testing through panel data regression analysis processed using the STATA 17 statistical program. From the panel data regression analysis results, it can be concluded that the number of independent commissioners significantly positively impacts company profitability. It was also found that operational efficiency significantly moderates the relationship between the number of independent commissioners and company profitability.Penelitian ini bertujuan untuk menganalisis pengaruh jumlah komisaris independen terhadap profitabilitas perusahaan dengan efisiensi operasional sebagai variabel moderasi. Penelitian ini berfokus pada sektor perbankan di Indonesia yang terdaftar di Bursa Efek Indonesia selama periode 2016-2020. Sampel yang dianalisis terdiri dari 37 bank dengan total 167 pengamatan selama 5 tahun. Dalam penelitian ini, pengujian hipotesis dilakukan melalui analisis regresi data panel yang diolah menggunakan program statistik STATA 17. Berdasarkan hasil analisis regresi data panel, dapat disimpulkan bahwa jumlah komisaris independen memiliki dampak positif yang signifikan terhadap profitabilitas perusahaan. Selain itu, ditemukan pula bahwa efisiensi operasional memiliki efek moderasi yang signifikan dalam hubungan antara jumlah komisaris independen dan profitabilitas perusahaan.