Financial Performance of Banking Companies on the Indonesian Stock Exchange

Ida Ayu Satwika  Dewi; Ni Putu Ayu Mirah  Mariati; I Ketut Sunarwijaya Sunarwijaya

doi:10.52006/main.v8i2.1285

Ida Ayu Satwika Dewi Universitas Mahasaraswati Denpasar, Indonesia
Ni Putu Ayu Mirah Mariati Universitas Mahasaraswati Denpasar, Indonesia https://orcid.org/0000-0002-0492-488X
I Ketut Sunarwijaya Sunarwijaya Universitas Mahasaraswati Denpasar, Indonesia

DOI: https://doi.org/10.52006/main.v8i2.1285

Keywords: financial performance, independent board of commissioners, board of directors, company size

Abstract

This study investigates the determinants of financial performance (ROA) across 35 banking companies listed on the Indonesia Stock Exchange from 2019 to 2022. The analysis reveals that independent commissioners, the board of directors, and company size positively influence performance through improved governance and efficiency, while institutional and managerial ownership show no significant effect. These findings offer vital insights for stakeholders regarding risk and strategy, suggesting future research should expand the scope to include variables such as audit committees, intellectual capital, and leverage across broader industry samples.