Evaluation of the Impact of PSAK 71 Implementation on the Financial Performance of Regional Development Banks: A Comparative Study Before and After the Adoption of the Standard

Authors

  • Rahayu Rahayu Universitas Jambi, Jambi, Indonesia
  • Netty Herawaty Universitas Jambi, Jambi, Indonesia
  • Lutfi Lutfi Universitas Jambi, Jambi, Indonesia
  • Albetris Albetris Universitas Tadulako, Palu, Indonesia
  • Musthafa Luthfi Sekolah Tinggi Ilmu Ekonomi (STIE) Jambi, Jambi, Indonesia

DOI:

https://doi.org/10.38035/gijea.v4i1.782

Keywords:

PSAK 71, Expected Credit Loss, Regional Development Banks, ROA, BOPO

Abstract

The study uses data from 24 Regional Development Banks (BPD) over a six-year period (2018–2023), consisting of two years before and four years after the implementation of PSAK 71. The ratios examined include Capital Adequacy Ratio (CAR), Non-Performing Loan (NPL), Return on Assets (ROA), Return on Equity (ROE), Operating Expenses to Operating Income (BOPO), and Loan to Deposit Ratio (LDR). The analysis results indicate that there are significant differences in the ROA and BOPO variables after the implementation of PSAK 71, while the other variables do not show significant changes. These findings suggest that the new accounting standard has a selective impact on indicators of bank financial performance. This study provides empirical contributions for regulators, public accountants, and banking management in understanding the implications of new accounting policies on the stability and efficiency of the banking sector.

References

Abad, J., & Suárez, J. (2021). The procyclicality of expected credit loss provisions. Journal of Financial Stability, 52, 100831. https://doi.org/10.1016/j.jfs.2020.100831

Barth, M. E., Landsman, W. R., & Lang, M. H. (2008). International accounting standards and accounting quality. Journal of Accounting Research, 46(3), 467–498. https://doi.org/10.1111/j.1475-679X.2008.00287.x

Basel Committee on Banking Supervision. (2015). Guidance on credit risk and accounting for expected credit losses. Bank for International Settlements. https://www.bis.org/bcbs/publ/d350.pdf

Beatty, A., & Liao, S. (2014). Financial accounting in the banking industry. Accounting Horizons, 28(1), 13–36. https://doi.org/10.2308/acch-50618

Bouvatier, V., & Lepetit, L. (2012). Effects of loan loss provisions on growth in bank lending: Some international comparisons. International Economics, 130, 91–120. https://doi.org/10.1016/j.inteco.2012.01.002

Bushman, R. M., & Williams, C. D. (2015). Delayed expected loss recognition and the risk profile of banks. Journal of Accounting Research, 53(3), 511–553. https://doi.org/10.1111/1475-679X.12086

Cohen, B. H., & Edwards, G. A. (2017). The new expected credit loss model under IFRS 9. BIS Quarterly Review. https://www.bis.org/publ/qtrpdf/r_qt1703h.pdf

Gebhardt, G. (2016). Implications of IFRS 9 for financial institutions: Lessons from the financial crisis. Accounting in Europe, 13(2), 169–180. https://doi.org/10.1080/17449480.2016.1210180

Ghozali, I. (2021). Aplikasi analisis multivariate dengan program IBM SPSS 25. Badan Penerbit Universitas Diponegoro.

Groff, M. Z., & Mörec, B. (2020). IFRS 9 and loan loss provisioning: The impact on European banks. Economic Systems, 44(4), 100819. https://doi.org/10.1016/j.ecosys.2020.100819

Haryanto, T., & Sari, M. (2020). Readiness of Indonesian regional banks in adopting PSAK 71. Jurnal Ekonomi dan Keuangan Daerah, 15(2), 123–137.

Huian, M. C. (2012). Accounting for financial instruments: A comparison of IAS 39 and IFRS 9. Accounting and Management Information Systems, 11(2), 243–264.

IAI. (2020). PSAK 71: Instrumen keuangan – Panduan implementasi. Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia.

IASB. (2014). IFRS 9: Financial instruments. International Accounting Standards Board.

Kasmir. (2016). Analisis laporan keuangan. RajaGrafindo Persada.

Kurniawan, M., & Bastian, I. (2020). Dampak PSAK 71 terhadap beban cadangan kredit bermasalah di perbankan. Jurnal Akuntansi Multiparadigma, 11(2), 315–328. https://doi.org/10.18202/jamal.2020.08.11204

Novia, N. (2022). Dampak implementasi PSAK 71 terhadap perubahan estimasi dan kinerja bank. Jurnal Akuntansi dan Keuangan Indonesia, 19(2), 155–169. https://doi.org/10.21002/jaki.v19i2.1502

Novotny-Farkas, Z. (2016). The interaction of the IFRS 9 expected loss approach with supervisory rules and implications for financial stability. Accounting in Europe, 13(2), 197–227. https://doi.org/10.1080/17449480.2016.1210180

Otoritas Jasa Keuangan. (2020–2023). Statistik perbankan Indonesia. https://www.ojk.go.id/id/kanal/perbankan/data-dan-statistik/Pages/Statistik-Perbankan-Indonesia.aspx

Prasetyo, A., & Dewi, R. (2021). Dampak PSAK 71 terhadap rasio keuangan perbankan Indonesia. Jurnal Riset Akuntansi Indonesia, 24(3), 211–226. https://doi.org/10.21002/jrai.v24i3.1523

Rachmadi, D. (2023). Penerapan PSAK 71 dan implikasinya terhadap profitabilitas bank. Jurnal Keuangan dan Perbankan Indonesia, 17(2), 112–127.

Scott, W. R. (2015). Financial accounting theory (7th ed.). Pearson Education.

Simorangkir, E. R., & Diniyati, A. (2021). Tantangan implementasi PSAK 71 pada Bank Pembangunan Daerah. Jurnal Ekonomi dan Perbankan Daerah, 13(1), 45–60. https://doi.org/10.21009/jepd.2021.13.1.4

Spence, M. (1973). Job market signaling. The Quarterly Journal of Economics, 87(3), 355–374. https://doi.org/10.2307/1882010

Sugiyono. (2020). Metode penelitian kuantitatif, kualitatif, dan R&D. Alfabeta.

Watts, R. L., & Zimmerman, J. L. (1986). Positive accounting theory. Prentice-Hall.

World Bank. (2020). IFRS 9 implementation in developing countries: Challenges and recommendations. https://documents.worldbank.org/en/publication/documents-reports/documentdetail/352931597959248426/

Downloads

Published

2026-04-26

How to Cite

Rahayu, R., Herawaty, N., Lutfi, L., Albetris, A., & Luthfi, M. (2026). Evaluation of the Impact of PSAK 71 Implementation on the Financial Performance of Regional Development Banks: A Comparative Study Before and After the Adoption of the Standard. Greenation International Journal of Economics and Accounting, 4(1), 49–60. https://doi.org/10.38035/gijea.v4i1.782

Issue

Vol. 4 No. 1 (2026): Greenation International Journal of Economics and Accounting (March - May 2026)

Section

Articles

License

Copyright (c) 2026 Rahayu, Netty Herawaty, Lutfi, Albetris, Musthafa Luthfi

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright :

Authors who publish their manuscripts in this journal agree to the following conditions:

  1. Copyright in each article belongs to the author.
  2. The author acknowledges that the GIJEA has the right to be the first to publish under a Creative Commons Attribution 4.0 International license (Attribution 4.0 International CC BY 4.0).
  3. Authors can submit articles separately, arrange the non-exclusive distribution of manuscripts that have been published in this journal to other versions (for example, sent to the author's institutional repository, publication in a book, etc.), by acknowledging that the manuscript has been published for the first time at GIJEA.