Pengaruh Digital Transformation Pada Corporate Risk-Taking
Abstract
This study analyzed the impact of digital transformation (DT) on corporate risk-taking, which is proxied by the standard deviation of RoA in the last 3 years. This study also examined the moderation effect of high operating leverage on digital transformation (DT) relationships on bank corporate risk-taking. This study employs a quantitative methodology and a panel data model. This study examined 43 banks listed on the Indonesian Stock Exchange between 2018 and 2021, observing a total of 172 firm years. This study utilizes secondary data from annual reports and company financial reports. This study shows that digital transformation decreased corporate risk-taking. High operating leverage also succeeds to moderate the relationship between digital transformation on bank corporate risk-taking. The results of this study show consistency with previous research that shows the relationship of digital transformation to corporate risk-taking has a positive relationship.
Keywords: Digital Transformation, Corporate Risk-Taking, Banks
References
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Vial, G. (2019). Understanding digital transformation: A review and a research agenda. The Journal of Strategic Information Systems, 28(2), 118–144. https://doi.org/10.1016/J.JSIS.2019.01.003
Wang, Y., & Guo, Y. (2022). Does Digital Transformation Enhance Corporate Risk-Taking?: Evidence from China. African and Asian Studies, 21(4), 309–343. https://doi.org/10.1163/15692108-12341569
Zikmund, W. G., Babin, B. J., Carr, J. C., & Griffin, M. (2013). Business Research Method (9th ed.). South-Western.
Bharadwaj, A., El Sawy, O. A., Pavlou, P. A., & Venkatraman, N. (2013). Digital Business Strategy: Toward a Next Generation of Insights. MIS Quarterly, 37(2), 471–482. http://www.jstor.org/stable/43825919
Chanias, S., Myers, M. D., & Hess, T. (2019). Digital transformation strategy making in pre-digital organizations: The case of a financial services provider. The Journal of Strategic Information Systems, 28(1), 17–33. https://doi.org/10.1016/J.JSIS.2018.11.003
Dai, D., Han, S., Zhao, M., & Xie, J. (2023). The Impact Mechanism of Digital Transformation on the Risk-Taking Level of Chinese Listed Companies. Sustainability, 15(3). https://doi.org/10.3390/su15031938
Ding, Q., & He, W. (2023). Digital transformation, monetary policy and risk-taking of banks. Finance Research Letters, 55, 103986. https://doi.org/10.1016/J.FRL.2023.103986
Do, T. D., Pham, H. A. T., Thalassinos, E. I., & Le, H. A. (2022). The Impact of Digital Transformation on Performance: Evidence from Vietnamese Commercial Banks. Journal of Risk and Financial Management, 15(1). https://doi.org/10.3390/jrfm15010021
Fitzgerald, M., Kruschwitz, N., Bonnet, D., & Welch, M. (2013). Embracing Digital Technology A New Strategic Imperative.
Ghezzi, A., & Cavallo, A. (2020). Agile Business Model Innovation in Digital Entrepreneurship: Lean Startup Approaches. Journal of Business Research, 110, 519–537. https://doi.org/10.1016/J.JBUSRES.2018.06.013
Gujarati, D. N., & Porter, D. C. (2009). Basic Econometrics (5th ed.). McGraw-Hill/Irwin.
Habibie. (2018). Arah Indonesia 4.0. https://simantu.pu.go.id/personal/img-post/197212301998031003/post/20200707115843__F__Arah_Indonesia_4.0.pdf
Hoque, H., Andriosopoulos, D., Andriosopoulos, K., & Douady, R. (2015). Bank regulation, risk and return: Evidence from the credit and sovereign debt crises. Journal of Banking & Finance, 50, 455–474. https://doi.org/10.1016/J.JBANKFIN.2014.06.003
Jo, H., & Na, H. (2012). Does CSR Reduce Firm Risk? Evidence from Controversial Industry Sectors. Journal of Business Ethics, 110(4), 441–456. https://doi.org/10.1007/s10551-012-1492-2
Kero, A. (2013). Banks’ risk taking, financial innovation and macroeconomic risk. The Quarterly Review of Economics and Finance, 53(2), 112–124.
Kurniawati, I., & Komalasari, P. T. (2014). Pengaruh Kepemilikan Negara dan Asing Terhadap Corporate Risk Taking. Jurnal Manajemen Teori Dan Terapan Tahun, 7(2). https://doi.org/10.20473/jmtt.v7i2.2704
Liu, M., Li, C., Wang, S., & Li, Q. (2023). Digital transformation, risk-taking, and innovation: Evidence from data on listed enterprises in China. Journal of Innovation and Knowledge, 8(1). https://doi.org/10.1016/j.jik.2023.100332
Ross, S. A., Randolph W. Westerfield, Jeffrey Jaffe, & Bradford D. Jordan. (2016). Corporate Finance (11th ed.). McGraw-Hill Education.
Setiawan, R., & Arrafi, A. N. (2022). Pengaruh Diverisifikasi Pendapatan Terhadap Profitabilitas Dan Risiko Bank Pada Bank Umum Konvensional Di Indonesia Selama Pandemi COVID-19. Jurnal Ekonomi Dan Bisnis, 10(2).
Suharbi, M. A., & Margono, H. (2022). Kebutuhan transformasi bank digital Indonesia di era revolusi industri 4.0. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 4(10), 4749–4759. https://doi.org/10.32670/fairvalue.v4i10.1758
Tian, G., Li, B., & Cheng, Y. (2022). Does digital transformation matter for corporate risk-taking? Finance Research Letters, 49, 103107. https://doi.org/10.1016/J.FRL.2022.103107
Ulfa Subastian, L., & Setiawan, D. (2022). Does foreign ownership structure increase Indonesian firms’ risk-taking? Jurnal Ekonomi Dan Bisnis, 25(1), 59–70. https://doi.org/10.24914/jeb.v25i1.4952
Verhoef, P. C., Broekhuizen, T., Bart, Y., Bhattacharya, A., Qi Dong, J., Fabian, N., & Haenlein, M. (2021). Digital transformation: A multidisciplinary reflection and research agenda. Journal of Business Research, 122, 889–901. https://doi.org/10.1016/j.jbusres.2019.09.022
Verhoef, P. C., Kooge, E., & Walk, N. (2016). Creating value with big data analytics: Making smarter marketing decisions. Routledge.
Vial, G. (2019). Understanding digital transformation: A review and a research agenda. The Journal of Strategic Information Systems, 28(2), 118–144. https://doi.org/10.1016/J.JSIS.2019.01.003
Wang, Y., & Guo, Y. (2022). Does Digital Transformation Enhance Corporate Risk-Taking?: Evidence from China. African and Asian Studies, 21(4), 309–343. https://doi.org/10.1163/15692108-12341569
Zikmund, W. G., Babin, B. J., Carr, J. C., & Griffin, M. (2013). Business Research Method (9th ed.). South-Western.
Published
2024-02-02
Section
Articles
Copyright (c) 2024 Muhammad Ananda Putra
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