Transparancy and Accountability Contribution Toward Sustainability of Banking Sector in Indonesia
Abstract
ABSTRACT- The board of directors, administrators, and top management personnel all play a role in establishing strategies, setting goals, and assigning duties to implementers. One of the primary goals of corporate governance is to increase shareholder value. On this basis, it can be argued that corporate governance is a critical component of any business's long-term viability. The goal of the study was to see how transparency and accountability affected the banking sector's long-term viability. The study was guided by three theories: agency theory, stewardship theory, and stakeholder’s theory, all of which provide important information on corporate governance processes and how different stakeholders' interests are addressed. This study employs a quantitative research methodology. It is used to quantify a problem in quantitative research by generating numerical data or data that can be turned into useable statistics. Transparency, accountability, justice, and responsibility, according to the study, all have a substantial impact on the banking industry's long-term viability. The study suggests that transparency and accountability have a favorable and considerable impact on the banking industry's long-term viability. The result suggesting that all Indonesian banks' management should strictly enforce openness in all operations and activities conducted by workers in order to achieve sustainability.
Downloads
References
C. Chidoko and N. Mashavira, “An analysis of corporate governance in the banking sector of Zimbabwe,” Humanit. Soc. Sci. Lett., vol. 2, no. 3, pp. 174–180, 2014.
A. Ayunitha, H. W. Sulastri, M. I. Fauzi, M. A. P. Sakti, and N. M. Nugraha, “Does the Good Corporate Governance Approach Affect Agency Cost,” Solid State Technol., vol. 63, no. 4, pp. 3760–3770, 2020.
A. Ayunitha, H. W. Sulastri, M. I. Fauzi, M. A. P. Sakti, and N. M. Nugraha, “Does the Good Corporate Governance Approach Affect Agency Cost,” Solid State Technol., vol. 63, no. 4, pp. 3760–3770.
M. Krenn, “Decoupling as a Sustainable Firm Response to Pressures for Convergence and Divergence in Corporate Governance: The Case of Codes of Good Corporate Governance.,” J. Manag. Policy Pract., vol. 15, no. 4, 2014.
H. Malini and A. N. Putri, “Competitiveness and Market Concentration of Islamic Banking Industry: A Comparison Study between Indonesia and Malaysia,” Sriwij. Int. J. Dyn. Econ. Bus., vol. 4, no. 3, pp. 175–190, 2020.
A. Price and H. H. Shawa, “Risk and risk management in project-related finance,” 1997.
D. D. Sharma and A. Blomstermo, “The internationalization process of born globals: a network view,” Int. Bus. Rev., vol. 12, no. 6, pp. 739–753, 2003.
S. O. Ashamu and J. Abiola, “The impact of global financial crisis on banking sector in Nigeria,” Br. J. Arts Soc. Sci., vol. 4, no. 2, pp. 251–257.
E. Manurung, E. Effrida, and A. J. Gondowonto, “Effect of financial performance, good corporate governance and corporate size on corporate value in food and beverages,” Int. J. Econ. Financ. Issues, vol. 9, no. 6, p. 100, 2019.
F. Dialysa, “Green banking: One effort to achieve the principle of good corporate governance (GCG),” in First International Conference on Economics and Banking (ICEB-15), 2015, pp. 128–132.
K. Kumar and A. Prakash, “Managing sustainability in banking: extent of sustainable banking adaptations of banking sector in India,” Environ. Dev. Sustain., pp. 1–19, 2019.
B. Nyagadza, E. M. Kadembo, and A. Makasi, “Exploring internal stakeholders’ emotional attachment & corporate brand perceptions through corporate storytelling for branding,” Cogent Bus. Manag., vol. 7, no. 1, p. 1816254, 2020.
K. M. De Silva and C. S. D. S. Lokuwaduge, “Impact of corporate social responsibility practices on employee commitment,” Soc. Responsib. J., 2019.
H. Z. Khan, S. Bose, A. T. Mollik, and H. Harun, “‘Green washing’ or ‘authentic effort’? An empirical investigation of the quality of sustainability reporting by banks,” Accounting, Audit. Account. J., 2020.
N. Mushtaq, “Paramount role of corporate social responsibility in retaining employees and corporate reputation: an extract from Pakistan’s banking sector,” J. Bus. Financ., vol. 1, no. 3, pp. 126–138, 2013.
R. Hosna, “The Participation Of The Student’s Parents Association In Increasing Students Learning Motivation In Islamic Religious Education Lesson At Sdit As Syafi’iyah Ponorogo Indonesia,” Turkish J. Comput. Math. Educ., vol. 12, no. 7, pp. 1931–1937, 2021.
V. Indrajati, Y. Yuvita, N. A. Putri, F. O. Rismawati, and D. M. Puspitasari, “Determinants of Financial Distress Rural Bank in Indonesia: A Logit Approach,” Solid State Technol., vol. 63, no. 3, pp. 5069–5075, 2020.
G. Hubbard, “The quality of the sustainability reports of large international companies: An analysis,” Int. J. Manag., vol. 28, no. 3, p. 824, 2011.
A. L. Kiesnere and R. J. Baumgartner, “Sustainability management in practice: Organizational change for sustainability in smaller large-sized companies in Austria,” Sustainability, vol. 11, no. 3, p. 572, 2019.
A. E. Jeffers, S. Romero, and L. A. DeGaetano, “Is It Time for Companies to Capitalize on Sustainability?,” CPA J., vol. 84, no. 3, p. 6, 2014.
R. Y. J. Siew, M. C. A. Balatbat, and D. G. Carmichael, “The relationship between sustainability practices and financial performance of construction companies,” Smart Sustain. Built Environ., 2013.
J. Burgess, R. Cameron, S. Dhakal, and K. Brown, “Introduction: Applicant work-readiness and graduate employability challenges in the Asia Pacific,” in Transitions from Education to Work, Routledge, 2017, pp. 3–15.
P. Gilding, M. Hogarth, and R. Humphries,
