Pengaruh Merger terhadap Kinerja Bank Syariah Indonesia (BSI) ditinjau dari Segi Keuangan, Good Corporate Governance (GCG) dan Corporate Social Responsibility (CSR)
DOI:
https://doi.org/10.47747/snfmi.v3i1.3185Abstract
Our study sets out to dissect the impact of the merger on financial performance, corporate governance (Good Corporate Governance/GCG), and corporate social responsibility (CSR) at Bank Syariah Indonesia (BSI). We measure financial performance using the Return on Assets (ROA), Return on Equity (ROE), and Operating Expenses to Operating Income (BOPO) ratios. Our approach is quantitative and comparative, pitting performance data from the pre-merger period (2017–2020) against the post-merger period (2021–2024). The results show a significant difference in BSI's financial performance before and after the merger. In general, there was an increase in the effectiveness and efficiency of financial performance post-merger, as reflected in higher ROA and ROE and a lower BOPO ratio. In terms of governance, the GCG assessment also improved, as reflected in the Corporate Governance Perception Index (CGPI) score. However, it's concerning that CSR performance declined after the merger. This finding aligns with efficiency theory, which states that in the initial post-merger phase, companies focus more on internal stabilization, system integration, and cost rationalization. These post-merger efforts could result in reduced funding allocations for CSR activities, a trend that warrants attention.
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