Empirical Analysis of Joint Impact of Enterprise Risk Management and Corporate Governance on Firm Value

Rao, Ananth

doi:10.30585/irabml.v1i1.66

Cited by 6 publications

(9 citation statements)

References 21 publications

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“…Bukti empiris berupa penelitian terdahulu mengenai perspektif ERM beragam dan inkonsistensi. Beberapa studi menemukan korelasi signifikan positif antara implementasi ERM dan corporate value (Rao, 2021;Septyanto & Nugraha, 2021;Utami et al, 2021). Aprilyani et al (2021) dan Fadhilah & Sukmaningrum (2020) mengemukakan sebaliknya dimana tidak ada pengaruh antara implementasi ERM dan corporate value.…”

Section: Pendahuluanunclassified

Pengaruh Enterprise Risk Management Terhadap Corporate Value Pada Perusahaan Manufaktur Dengan Firm Size, Leverage, Dan Age Sebagai Variabel Kontrol

Sepriani

Candy²

2022

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Munculnya risiko dalam kegiatan bisnis perusahaan berpotensi menghambat kinerja perusahaan dalam memaksimalkan nilai perusahaan sehingga dapat mempengaruhi kekayaan yang dimiliki oleh pemegang saham. Tujuan dalam penelitian adalah mengetahui pengaruh Enterprise Risk Management (ERM) terhadap corporate value. Terdapat 87 perusahaan manufaktur yang memenuhi kriteria digunakan sebagai sampel dalam penelitian ini setelah dilakukan purposive sampling. Sumber data pada penelitian ini merupakan data sekunder yaitu laporan keuangan dan laporan tahunan tahun 2016-2020 dari setiap sampel perusahaan dan akan dibantu oleh program software Stata 13 dalam pengujian data. Dalam penelitian ini juga menggunakan 3 variabel kontrol yaitu firm size, leverage, dan age. Diperoleh hasil penelitian yaitu pengaruh signifikan positif ERM terhadap corporate value. Robustness test menunjukkan bahwa hasil penelitian yang ditemukan valid serta tidak bias karena adanya persamaan hasil yang diperoleh saat uji regresi dan robustness test. Hasil penelitian ini berimplikasi pada regulator, praktisi, dan akademisi. Lewat adanya penemuan ini memberikan dukungan pada perusahaan untuk mengadopsi sistem manajemen risiko yang lebih terintegrasi dan komprehensif yaitu ERM.

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Section: Pendahuluanunclassified

Pengaruh Enterprise Risk Management Terhadap Corporate Value Pada Perusahaan Manufaktur Dengan Firm Size, Leverage, Dan Age Sebagai Variabel Kontrol

Sepriani

Candy²

2022

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“…Firm value is reflected in stable stock price, which increases in the long term. The higher the stock price, the higher the firm value (Li & Zaiats, 2018;Bedendo & Siming, 2018;Saona & San Martin, 2018;Rao, 2018;and Chou & Chan, 2018). Firm value can describe the condition of a company.…”

Section: Based Onmentioning

confidence: 99%

The role of institutional ownership in strengthening to the enterprise value on the banking issuers

Muda

Erlina

Diharja

et al. 2019

Banks and Bank Systems

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This study examines the role of institutional ownership in moderating the relation between fundamental factors of a company and Corporate Social Responsibility (CSR) and Enterprise Value (firm value). The type of this research is an explanation research method. The sampling method was a proportional random sampling method of the population of banking companies of the Indonesian Stock Exchange. The method of data collection was documentation. The method of data analysis was Multiple Regression Analysis. The results of this study showed that simultaneous net profit margin and corporate social responsibility had a significant effect on the firm value. Partial test shows that net profit margin variables had an effect on the firm value and corporate social responsibility variables, which consist of economy, and had no influence on firm value. The results also indicated that institutional ownership strengthened the relation of fundamental factors and corporate social responsibility with the Enterprise Value.

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“…where, -the X1 ratio (Working capital / Total assets): by reporting net liquid assets to total capitalization, the ratio indicates the liquidity of the company (Rao, 2018).…”

Section: The "Z-score" Linear Discriminant Approachmentioning

confidence: 99%

Does crisis affect credit risk in developing countries? The Case of the Jordanian Market

Kouzez¹,

Lecointre-Erickson²

2019

jrems

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At the core of the recent global financial and economic crisis marked by its magnitude, credit risk turned out to be a powerful catalyst. The objective of this paper is mainly to follow up on the evolution of credit risk on the Jordanian market during the recent economic and financial international crisis. Based on the linear discriminant Z-Score model and KMV structural model, we recognize the increase in credit risk during the crisis period. On the whole, the confrontation between models highlights the robust correlation between the accounting results of a company and its market value and therefore indicates the need to consider the macroeconomic context in an open economy for the evaluation of the risk of credit. JEL codes: E551, G3, C1

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Empirical Analysis of Joint Impact of Enterprise Risk Management and Corporate Governance on Firm Value

Cited by 6 publications

References 21 publications

Pengaruh Enterprise Risk Management Terhadap Corporate Value Pada Perusahaan Manufaktur Dengan Firm Size, Leverage, Dan Age Sebagai Variabel Kontrol

Pengaruh Enterprise Risk Management Terhadap Corporate Value Pada Perusahaan Manufaktur Dengan Firm Size, Leverage, Dan Age Sebagai Variabel Kontrol

The role of institutional ownership in strengthening to the enterprise value on the banking issuers

Does crisis affect credit risk in developing countries? The Case of the Jordanian Market

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