Pengaruh Enterprise Risk Management terhadap Nilai Perusahaan pada Perusahaan Industri Barang Konsumsi
Keywords:
Enterprise Risk Management, Company Value, Company Size, ROA, Managerial OwnershipAbstract
The purpose of this research is to determine the effect of Enterprise Risk Management on company value. This research uses data from 90 consumer goods industrial companies listed on the Indonesia Stock Exchange (BEI) in 2015 - 2020. Tobin's Q is used to measure the dependent variable, namely Company Value, while the independent variable is calculated using a dummy variable, a value of 1 for companies reporting ERM and 0 for others. The research results show that ERM has no effect on company value. Company size has a negative effect on company value. ROA has a positive effect on company value. Managerial ownership has no effect on company value.
References
Aditya, O., & Naomi, P. (2017). Penerapan Manajemen Risiko Perusahaan dan Nilai Perusahaan di Sektor Konstruksi dan Properti. Jurnal Bisnis dan Manajemen, 167-180.
Ardianto, D., & Rivandi, M. (2018). Pengaruh Enterprise Risk Management Disclosure, Intellectual Capital Diclosure dan Struktur Pengelolaan Terhadap Nilai Perusahaan. Komunikasi Ilmiah Akuntansi dan Perpajakan, 2.
Bertinetti, G. S., Cavezzali, E., & Gardenal, G. (2013). The Effect Of Enterprise Risk Management Implementation On The Firm Value Of European Companies. SSRN Electronic Journal, 10.
Devi, S., Budiasih, I. G., & Badera, I. D. (2017). Pengaruh Pengungkapan Enterprise Risk Management dan Pengungkapan Intellectual Capital Terhadap Nilai Perusahaan. Jurnal Akuntansi dan Keuangan Indonesia, 1.
Dossugi, S. (2009). Analisis Faktor-Faktor Yang Mempengaruhi Penciptaan Nilai Pada Perusahaan-Perusahaan di Bursa Efek Jakarta. Journal of Applied Finance and Accounting 2, (1), 67-75.
Fahmi, I. (2015). Pengantar Manajemen Keuangan Teori Dan Soal Jawab. Bandung: Alfabeta.
Ghozali, I. (2016). Aplikasi Analisis Multivariate dengan Program IBM SPSS 23. Semarang: BP Undip.
Hartono, J. (2000). Teori Portofolio dan Analisis Investasi. BPFE Yogyakarta.
Hartono, J. (2019). Sistem Informasi Manajemen. Yogyakarta: Andi.
Hasibuan, A. M. (2017). Pengaruh Pengungkapan Manajemen Risiko terhadap Nilai Perusahaan pada Perusahaan Transportasi yang terdaftar di BEI. Finesta, 52-57.
Hoyt, R. E., & Liebenberg, A. P. (2008). The Value of Enterprise Risk Management. Journal of Risk and Insurance, 795-822.
Hoyt, R. E., Moore, D. L., & Liebenberg, A. P. (2008). The Value of Enterprise Risk Management: Evidence from The U.S Insurance Industry. Journal of Financial and Quantitative, 26, 519-532.
Hoyt, R., & Liebenberg, A. (2011). The Value of Enterprise Risk Management. Journal of Risk and Insurance, 795-822.
Iswajuni, Soetedjo, & Manasikana. (2018). Pengaruh Enterprise Risk Management (ERM) Terhadap. Journal Of Applied Managerial Accounting, Page 147-153.
Jensen, & Meckling. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, Pages 305-360.
Kusumajati, W. (2009). Analisis Pengaruh Indikator Risiko Berdasarkan Akuntansi Terhadap Risiko Sistematis Saham Sektor Industri Barang Konsumsi Periode 2003-2007. FE Universitas Indonesia, 27.
Lin, Y., Wen, & Yu. (2012). Enterprise Risk Management: Strategic antecedents, risk integration, and performance. North American Actuarial Journal, 16(1): 1-28.
Lin, Y., Wen, M., & Yu, J. (2012). Enterprise Risk Management: Strategic antecedents, Risk Integration, and Performance. North American Actuarial Journal, 1-28.
McShane, M. K., Nair, A., & Rustambekov, E. (2011). Does Enterprise Risk Management Increase Firm Value. Journal of Accounting, Auditing & Finance, 641-658.
Moeller, R. (2009). Brink's Modern Internal Auditing: A Common Body of Knowledge. New York: John Wiley & Sons.
Pratiwi, R., Titisari, K. H., & Masitoh, E. (2018). Pengaruh Pengungkapan Manajemen Risiko terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Transportasi yang Terdaftar di Bursa Efek Indonesia Periode 2014 - 2016. Jurnal Ilmiah Mahasiswa Universitas Muhammadiyah Surakarta, 6.
Rasid, S. Z., Isa, C. R., & Ismail, W. (2014). Management Accounting Systems , Enterprise Risk Management and Organizational Performance in Financial Institutions. Asian Review of Accounting, 128-144.
Reilly, K., & Brown, C. (2012). Investment Analysis and Portfolio. USA: South Western Cengage Learning.
Ross, W. (2007). Pengantar keuangan perusahaan. Jakarta: Salemba empat.
Sanjaya, C., & Linawati, N. (2015). Pengaruh Penerapan enterprise risk management dan Variabel Kontrol Terhadap Nilai Perusahaan di Sektor Keuangan. Finesta, 52-57.
Tahir, I. M., & Razali. (2011). The Relationship Between Enterprise Risk Management (ERM) and Firm Value: Evidence From Malaysian public Listed Companies. Management, 32-41.
Downloads
Published
How to Cite
Conference Proceedings Volume
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
