The Role of Good Corporate Governance in Moderating Credit Risk and Performance of Rural Banks
DOI:
https://doi.org/10.35838/jrap.2025.004
Abstract views: 52 |
Abstract views: 52 |
Keywords:
Consumer Price Index, Exchange Rate, Inflation
Abstract
Purpose: This study aims to determine how credit risk affects the financial performance of rural banks (BPRs) and how good corporate governance can weaken this influence. The main objective is to improve the performance of BPRs through effective risk management and transparent governance.
Methodology: This research uses quantitative research methods with a sample of 205 data from 18 BPRs in North Sulawesi. The sample determination was done using purposive sampling method. Data were analysed to understand the relationship between credit risk and firm performance, as well as the role of corporate governance in weakening the effect of credit risk.
Finding: The results show that credit risk has a significant influence on firm performance, but good corporate governance can weaken this influence. This suggests that effective governance implementation can help BPRs better manage credit risk and improve financial performance.
Implication: This research has practical implications for BPRs in developing stronger risk management systems and more transparent decision-making processes. Thus, BPRs can improve financial performance and attract investors through effective and transparent governance.
Originality: This research makes an original contribution by focusing on the role of corporate governance in weakening the effect of credit risk on BPR performance. It also provides insights into how BPRs can improve financial performance through effective risk management and good governance in specific regions such as North Sulawesi.
References
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Assa, V., & Loindong, S. S. R. (2023). Analisis Pengaruh Risiko Kredit, Kecukupan Modal Dan Likuiditas Terhadap Kinerja Keuangan Pada Bank BUMN Di Bursa Efek Indonesia (BEI). Jurnal EMBA, 11(4), 1048–1057.
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Desiko, N. (2020). Pengaruh Risiko Kredit, Risiko Pasar Dan Risiko Likuiditas Terhadap Kinerja Keuangan Perbankan. Journal Competency of Business, 4(1), 1–9.
Ernawati, & Santoso, S. B. (2021). Pengaruh Ukuran Perusahaan, Kepemilikan Institusional, Komisaris Independen Dan Leverage Terhadap Kinerja Keuangan. Kompartemen: Jurnal Ilmiah Akuntansi, 19(2), 231–246.
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Khayidah, E., Wiraswati, M. O., Wulansari, Y. Y., & Ningrum, D. A. (2024). Pengaruh Risiko Kredit Dan Risiko Likuiditas Terhadap ROA Dengan Good Corporate Governance Sebagai Variabel Moderasi. Majalah Ekonomi: Telaah Manajemen, Akuntansi Dan Bisnis, 29(1), 89–97.
Korompis, R. R. N., & Murni, S. (2020). Pengaruh Risiko Pasar (NIM), Risiko Kredit (NPL), Dan Risiko Likuiditas (LDR) Terhadap Kinerja Keuangan Perbankan (ROA) Pada Bank Yang Terdaftar Di LQ 45 Periode 2012-2018. Jurnal EMBA, 8(1), 175–184.
Lorenza, R. S., Octavia, R., Shafitranata, S., & Madyoningrum, A. W. (2022). Dampak Covid 19 Terhadap Perubahan Harga Saham Perbankan di Indonesia Sebelum dan Saat Pandemi (The Impact of Covid 19 on Changes in Banking Stock Prices in Indonesia Before and During the Pandemic). Jurnal Akuntansi, Keuangan Dan Manajemen, 4(1), 43–56.
Muttaqin, Z., Fitriyani, A., Ridho, T. K., & Nugraha, D. P. (2019). Analisis Good Corporate Governance, Leverage Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Pemoderasi. Tirtayasa Ekonomika, 14(2), 293–309.
Ningsih, K., & Hariyati. (2020). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Intellectual Capital Sebagai Variabel Intervening. Jurnal Akuntansi Unesa, 8(2).
Nurwulandari, A., Hasanudin, H., Subiyanto, B., & Pratiwi, Y. C. (2022). Risk Based bank rating and financial performance of Indonesian commercial banks with GCG as intervening variable. Cogent Economics & Finance, 10, 1–19. https://doi.org/DOI: 10.1080/23322039.2022.2127486
Priyadi, U., Utami, K. D. S., Muhammad, R., & Nugraheni, P. (2021). Determinants of credit risk of Indonesian Sharīʿah rural banks. ISRA International Journal of Islamic Finance, 13(3), 284–301.
Putra, R., & Sumadi. (2019). Peran Good Corporate Governance Dalam Meningkatkan Kinerja Perbankan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Akuntansi Dan Pendidikan, 8(1), 1–9. http://e-journal.unipma.ac.id/index.php/assets/article/view/3400
Quoc Trung, N. K. (2021). The relationship between internal control and credit risk–The case of commercial banks in Vietnam. Cogent Business and Management, 8(1). https://doi.org/10.1080/23311975.2021.1908760
Rahardjo, A. P., & Wuryani, E. (2021). Pengaruh Good Corporate Governance, Kepemilikan Institusional, dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan (Studi Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2016-2018). AKUNESA: Jurnal Akuntansi Unesa, 10(1).
Rahmat, R., & Fathimah Vidya. (2022). Pengaruh ROA, ROE dan NPM terhadap Harga Saham pada Perusahaan Non Perbankan yang terdaftar di LQ45. Jurnal Ilman: Jurnal Ilmu Manajemen, 10(1), 8–13.
Ritonga, P. (2023). Penerapan Good Corporate Governance Terhadap Kecepatan Kinerja Perusahaan. Jurnal Of Comprehensive Scince , 2(3), 820–824.
Rola, E. N. T., & Dunakhir, S. (2022). Pengaruh Good Corporate Governance Terhadap Kinerja Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia. In Bata Ilyas Journal of Accounting (Vol. 3, Issue 1).
Sadaa, A. M., Ganesan, Y., Yet, C. E., Alkhazaleh, Q., Alnoor, A., & aldegis, A. M. (2023). Corporate governance as antecedents and financial distress as a consequence of credit risk. Evidence from Iraqi banks. Journal of Open Innovation: Technology, Market, and Complexity, 9(2). https://doi.org/10.1016/j.joitmc.2023.100051
Saleh, I., & Afifa, M. A. (2020). The effect of credit risk, liquidity risk and bank capital on bank profitability: Evidence from an emerging market. Cogent: Economics & Finance, 8, 1–13. https://doi.org/10.1080/23322039.2020.1814509
Saputra, A. A., Najmudin, & Shaferi, I. (2020). THE EFFECT OF CREDIT RISK, LIQUIDITY RISK AND CAPITAL ADEQUACY ON BANK STABILITY. International Sustainable Competitiveness Advantage, 153–162.
Serwadda, I. (2018). Impact Of Credit Risk Management System On The Financial Performance Of Commercial Bank In Uganda. Acta Universitatis Agriculturae Et Silviculturae Mendelianae Brunesis, 66, 163.
Siddique, A., Khan, M. A., & Khan, Z. (2022). The effect of credit risk management and bank-specific factors on the financial performance of the South Asian commercial banks. Asian Journal of Accounting Research, 7(2), 182–194. https://doi.org/10.1108/AJAR-08-2020-0071
Silitonga, R. N., & Manda, G. S. (2022a). Pengaruh Risiko Kredit dan Risiko Likuiditas terhadap Kinerja Keuangan pada Bank BUMN Periode 2015-2020. Jurnal Maksipreneur: Manajemen, Koperasi, Dan Entrepreneurship, 12(1), 22–32.
Silitonga, R. N., & Manda, G. S. (2022b). Pengaruh Risiko Kredit dan Risiko Likuiditas terhadap Kinerja Keuangan pada Bank BUMN Periode 2015-2020. Jurnal Maksipreneur: Manajemen, Koperasi, Dan Entrepreneurship, 12(1), 22–32.
Sobarsyah, M., Soedarmono, W., Yudhi, W. S. A., Trinugroho, I., Warokka, A., & Pramono, S. E. (2020). Loan growth, capitalization, and credit risk in Islamic banking. International Economics, 163, 155–162.
Susanti, L., Yuliansyah, & Robin. (2023). Pengaruh Penyisihan Penghapusan Aset Produktif, Non Performing Loan, Biaya Operasional Penghasilan Operasional Terhadap Kinerja Keuangan Dengan Good Corporate Governance Sebagai Variabel Moderating Pada Bank Perkreditan Rakyat Di Kota Batam. Measurement: Jurnal Akuntansi, 17(2), 273–282.
Syahputra, A., Ismaulina, & Rofizar, H. (2022). Kinerja Keuangan Perbankan BEI Ditinjau Dari Aspek Good Corporate Governance Dan Ukuran Perusahaan. Jurnal Sekretari Dan Manajemen, 6(2), 123–127.
Udayani, S. A., & Wirajaya, I. G. A. (2019). Pengaruh Kecukupan Modal dan Penyaluran Kredit Pada Profitabilitas Dengan Risiko Kredit Sebagai Pemoderasi. E-Jurnal Akuntansi Universitas Udayana, 26(3), 1826–1853.
Yuliana, A. (2023). Penerapan Standar Pelaporan Keuangan Serta Hubungannya Dengan Etika Dan Tata Kelola Perusahaan. Jurnal Ekonomika45, 10(2), 316–327.
Yusditasari, E., & Febrianto, H. G. (2023). The Role Of Credit Risk, Management Risk And Capital On The Profitability Of Indonesian Banks. Nternational Social Sciences and Humanities, 2(3), 861–871.
Abdul Razak, L., Ibrahim, M. H., & Ng, A. (2020). Which Sustainability Dimensions Affect Credit Risk? Evidence from Corporate and Country-Level Measures. Journal of Risk and Financial Management, 13(12). https://doi.org/10.3390/jrfm13120316
Abidin, Z., Rumbaf, A. S., Iqbal, M., & Prabantarikso, R. M. (2020). Determinants Of Credit Risk Diversification In Indonesian Banking Industry. Journal of Seybold Report, 15(8), 1932–1948.
Adewuyi Abdurraheem, A., Mahmudul Alam, M., & Aida Ahmad Nadzri, F. (2023). Financing Concentration and Credit Risks: Empirical Study on the Islamic Banks in Malaysia. In MANAGEMENT AND ACCOUNTING REVIEW (Vol. 22).
Aji, I. K., & Manda, G. S. (2021). Pengaruh Risiko Kredit Dan Risiko Likuiditas Terhadap Profitabilitas Pada Bank BUMN. JAD: Jurnal Riset Akuntansi Dan Keuangan Dewantara, 4(1), 36–45.
Alawiyah, T., Titisari, K. H., & Chomsatu, Y. (2022). Pengaruh Kinerja Keuangan, Kebijakan Dividen, Dan Kepemilikan Manajerial Terhadap Nilai Perusahaan. Owner: Riset & Jurnal Akuntansi, 6(1).
Andriyani, E. L. R., Purwanti, E., & Pramono, J. (2022). Pengaruh Good Corporate Governance Terhadap Profitabilitas Perusahaan Perbankan (Studi Pada Perusahaan Perbankan Di Bursa Efek IndonesiaTahun 2018-2020). ECONBANK: Journal of Economics and Banking, 4(2), 116–128.
Assa, V., & Loindong, S. S. R. (2023). Analisis Pengaruh Risiko Kredit, Kecukupan Modal Dan Likuiditas Terhadap Kinerja Keuangan Pada Bank BUMN Di Bursa Efek Indonesia (BEI). Jurnal EMBA, 11(4), 1048–1057.
Bakhtiar, S., & Rokhayati, H. (2023). Corporate Governance, Profitabilitas, dan Nilai Perusahaan. Owner: Riset & Jurnal Akuntansi, 7(2), 1503–1513.
Desiko, N. (2020). Pengaruh Risiko Kredit, Risiko Pasar Dan Risiko Likuiditas Terhadap Kinerja Keuangan Perbankan. Journal Competency of Business, 4(1), 1–9.
Ernawati, & Santoso, S. B. (2021). Pengaruh Ukuran Perusahaan, Kepemilikan Institusional, Komisaris Independen Dan Leverage Terhadap Kinerja Keuangan. Kompartemen: Jurnal Ilmiah Akuntansi, 19(2), 231–246.
Fadriyaturrohmah, W., & Manda, G. S. (2022). Pengaruh Risiko Kredit, Risiko Likuiditas Dan Risiko Operasional Terhadap Kinerja Keuangan (Studi Pada Perusahaan Perbankan yang Tergabung Dalam Indeks LQ 45 Periode 2014-2020). Jurnal Pendidikan, Akuntansi Dan Keuangan, 5(1), 104–116.
Fernando, J. M. R., Li, L., & Hou, Y. (2020). Corporate governance and correlation in corporate defaults. Corporate Governance: An International Review, 28(3), 188–206. https://doi.org/10.1111/corg.12306
Hesniati, & Santi. (2019). Pengaruh profitabilitas, hutang perusahaan, likuiditas, kesempatan berinvestasi, ukuran perusahaan, dan tata kelola perusahaan terhadap kebijakan dividen. INOVASI, 15(1), 53–64.
Khayidah, E., Wiraswati, M. O., Wulansari, Y. Y., & Ningrum, D. A. (2024). Pengaruh Risiko Kredit Dan Risiko Likuiditas Terhadap ROA Dengan Good Corporate Governance Sebagai Variabel Moderasi. Majalah Ekonomi: Telaah Manajemen, Akuntansi Dan Bisnis, 29(1), 89–97.
Korompis, R. R. N., & Murni, S. (2020). Pengaruh Risiko Pasar (NIM), Risiko Kredit (NPL), Dan Risiko Likuiditas (LDR) Terhadap Kinerja Keuangan Perbankan (ROA) Pada Bank Yang Terdaftar Di LQ 45 Periode 2012-2018. Jurnal EMBA, 8(1), 175–184.
Lorenza, R. S., Octavia, R., Shafitranata, S., & Madyoningrum, A. W. (2022). Dampak Covid 19 Terhadap Perubahan Harga Saham Perbankan di Indonesia Sebelum dan Saat Pandemi (The Impact of Covid 19 on Changes in Banking Stock Prices in Indonesia Before and During the Pandemic). Jurnal Akuntansi, Keuangan Dan Manajemen, 4(1), 43–56.
Muttaqin, Z., Fitriyani, A., Ridho, T. K., & Nugraha, D. P. (2019). Analisis Good Corporate Governance, Leverage Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Pemoderasi. Tirtayasa Ekonomika, 14(2), 293–309.
Ningsih, K., & Hariyati. (2020). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Intellectual Capital Sebagai Variabel Intervening. Jurnal Akuntansi Unesa, 8(2).
Nurwulandari, A., Hasanudin, H., Subiyanto, B., & Pratiwi, Y. C. (2022). Risk Based bank rating and financial performance of Indonesian commercial banks with GCG as intervening variable. Cogent Economics & Finance, 10, 1–19. https://doi.org/DOI: 10.1080/23322039.2022.2127486
Priyadi, U., Utami, K. D. S., Muhammad, R., & Nugraheni, P. (2021). Determinants of credit risk of Indonesian Sharīʿah rural banks. ISRA International Journal of Islamic Finance, 13(3), 284–301.
Putra, R., & Sumadi. (2019). Peran Good Corporate Governance Dalam Meningkatkan Kinerja Perbankan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Akuntansi Dan Pendidikan, 8(1), 1–9. http://e-journal.unipma.ac.id/index.php/assets/article/view/3400
Quoc Trung, N. K. (2021). The relationship between internal control and credit risk–The case of commercial banks in Vietnam. Cogent Business and Management, 8(1). https://doi.org/10.1080/23311975.2021.1908760
Rahardjo, A. P., & Wuryani, E. (2021). Pengaruh Good Corporate Governance, Kepemilikan Institusional, dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan (Studi Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2016-2018). AKUNESA: Jurnal Akuntansi Unesa, 10(1).
Rahmat, R., & Fathimah Vidya. (2022). Pengaruh ROA, ROE dan NPM terhadap Harga Saham pada Perusahaan Non Perbankan yang terdaftar di LQ45. Jurnal Ilman: Jurnal Ilmu Manajemen, 10(1), 8–13.
Ritonga, P. (2023). Penerapan Good Corporate Governance Terhadap Kecepatan Kinerja Perusahaan. Jurnal Of Comprehensive Scince , 2(3), 820–824.
Rola, E. N. T., & Dunakhir, S. (2022). Pengaruh Good Corporate Governance Terhadap Kinerja Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia. In Bata Ilyas Journal of Accounting (Vol. 3, Issue 1).
Sadaa, A. M., Ganesan, Y., Yet, C. E., Alkhazaleh, Q., Alnoor, A., & aldegis, A. M. (2023). Corporate governance as antecedents and financial distress as a consequence of credit risk. Evidence from Iraqi banks. Journal of Open Innovation: Technology, Market, and Complexity, 9(2). https://doi.org/10.1016/j.joitmc.2023.100051
Saleh, I., & Afifa, M. A. (2020). The effect of credit risk, liquidity risk and bank capital on bank profitability: Evidence from an emerging market. Cogent: Economics & Finance, 8, 1–13. https://doi.org/10.1080/23322039.2020.1814509
Saputra, A. A., Najmudin, & Shaferi, I. (2020). THE EFFECT OF CREDIT RISK, LIQUIDITY RISK AND CAPITAL ADEQUACY ON BANK STABILITY. International Sustainable Competitiveness Advantage, 153–162.
Serwadda, I. (2018). Impact Of Credit Risk Management System On The Financial Performance Of Commercial Bank In Uganda. Acta Universitatis Agriculturae Et Silviculturae Mendelianae Brunesis, 66, 163.
Siddique, A., Khan, M. A., & Khan, Z. (2022). The effect of credit risk management and bank-specific factors on the financial performance of the South Asian commercial banks. Asian Journal of Accounting Research, 7(2), 182–194. https://doi.org/10.1108/AJAR-08-2020-0071
Silitonga, R. N., & Manda, G. S. (2022a). Pengaruh Risiko Kredit dan Risiko Likuiditas terhadap Kinerja Keuangan pada Bank BUMN Periode 2015-2020. Jurnal Maksipreneur: Manajemen, Koperasi, Dan Entrepreneurship, 12(1), 22–32.
Silitonga, R. N., & Manda, G. S. (2022b). Pengaruh Risiko Kredit dan Risiko Likuiditas terhadap Kinerja Keuangan pada Bank BUMN Periode 2015-2020. Jurnal Maksipreneur: Manajemen, Koperasi, Dan Entrepreneurship, 12(1), 22–32.
Sobarsyah, M., Soedarmono, W., Yudhi, W. S. A., Trinugroho, I., Warokka, A., & Pramono, S. E. (2020). Loan growth, capitalization, and credit risk in Islamic banking. International Economics, 163, 155–162.
Susanti, L., Yuliansyah, & Robin. (2023). Pengaruh Penyisihan Penghapusan Aset Produktif, Non Performing Loan, Biaya Operasional Penghasilan Operasional Terhadap Kinerja Keuangan Dengan Good Corporate Governance Sebagai Variabel Moderating Pada Bank Perkreditan Rakyat Di Kota Batam. Measurement: Jurnal Akuntansi, 17(2), 273–282.
Syahputra, A., Ismaulina, & Rofizar, H. (2022). Kinerja Keuangan Perbankan BEI Ditinjau Dari Aspek Good Corporate Governance Dan Ukuran Perusahaan. Jurnal Sekretari Dan Manajemen, 6(2), 123–127.
Udayani, S. A., & Wirajaya, I. G. A. (2019). Pengaruh Kecukupan Modal dan Penyaluran Kredit Pada Profitabilitas Dengan Risiko Kredit Sebagai Pemoderasi. E-Jurnal Akuntansi Universitas Udayana, 26(3), 1826–1853.
Yuliana, A. (2023). Penerapan Standar Pelaporan Keuangan Serta Hubungannya Dengan Etika Dan Tata Kelola Perusahaan. Jurnal Ekonomika45, 10(2), 316–327.
Yusditasari, E., & Febrianto, H. G. (2023). The Role Of Credit Risk, Management Risk And Capital On The Profitability Of Indonesian Banks. Nternational Social Sciences and Humanities, 2(3), 861–871.
Published
2025-04-09
How to Cite
Dewi, P. P. R. A., Budiadnyani, N. P., & Prena, G. D. (2025). The Role of Good Corporate Governance in Moderating Credit Risk and Performance of Rural Banks. JRAP (Jurnal Riset Akuntansi Dan Perpajakan), 13(1). https://doi.org/10.35838/jrap.2025.004
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