Implementasi Keuangan Hijau terhadap Kinerja Perbankan di Negara ASEAN
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Abstrak
This research was conducted to review whether green bonds have a better level of risk and return than conventional bonds and to find out whether the issuance of green bonds and macroeconomic variables can influence bank performance in ASEAN countries. This research also tests whether risk management can play a mediating role in the relationship between bonds (green bonds and conventional bonds) and bank performance. This research is descriptive research conducted using quantitative methods. The data in this research was taken from financial reports of banking companies that were open to the public in ASEAN countries in 2019-2022. Data collection was carried out using the judgment sampling method. The data in this study were analyzed using SmartPLS 4.1.0.5. The results of this study show that green bonds have a better level of risk and return than green bonds. Green bond issuance has a negative, but not significant relationship with bank performance. Macroeconomic variables have a positive and significant influence on bank performance. Risk management has a positive and significant influence on bank performance. Risk management can mediate the relationship between bonds (green bonds and conventional bonds) and bank performance. This research found that the issuance of green bonds can empirically increase the diversification of banking company portfolios in ASEAN countries even though it does not have an influence on bank performance.
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