Pengaruh Diversifikasi Pendapatan, Modal Intelektual, Dan Pengungkapan Manajemen Risiko Terhadap Nilai Perusahaan

Abstract

Company value describes the quality of a company. There are several factors that affect company value, including, the recent trend of diversification strategy, business risk, and how the company’s resource is well managed. This study aims to investigates the impact of income diversification, intellectual capital and enterprise risk management on company value. Based on purposive sampling criteria obtained 25 observations of conventional banking listed on Indonesia Stock Exchange during 2015-2020. Data analysis technique used in this study is Partial Least Square (PLS) software SmartPLS (3.2.9). Findings showed that there is no significant impact of income diversification on company value. Meanwhile, intellectual capital has significant positive impact on company value, and enterprise risk management has significant negative impact on company value. The result of this study can be used as further study to determine the amount of company value influenced by income diversification, intellectual capital, and risk management so that it provides a competitive strategy. It is important for the company to maintain their resources management as it had been created value in the company. In addition, it is recommended for management to take more concern how the company mitigates the risks so that it provides a positive signal for investors.

The moderating effect of income diversification on intellectual capital and company performance: Case study of banking in Indonesia

“…To better manage risk, diversification of income sources is highly recommended (Sharma & Anand, 2018). Pertiwi & Suhartini (2022) stated that diversifying can reduce risk. This has encouraged many banks to implement income diversification strategies.…”

“…Proponents of science-based resource theory assume that intellectual capital is a particular and rare resource (Githaiga, 2023). In the modern economic concept, intellectual capital can support innovation, as well as competitiveness and company sustainability, which can increase added value, making the company a priority compared to its competitors (Pertiwi & Suhartini, 2022;Soetanto & Liem, 2019). Intellectual capital can also be defined as skills, experience and abilities in managing information that can be used to improve company performance (Alvino et al, 2021).…”

Faktor-Faktor Pemanfaatan Teknologi Informasi (Ti) Yang Mempengaruhi Nilai Perusahaan Di Era Industri 4.0

“…Teori RBV menyatakan bahwa perusahaan harus memperhatikan sumber daya lain yang berbeda dari semua perusahaan lainnya. Sumber daya yang relevan adalah aset material maupun intangible yang dapat dikendalikan oleh perusahaan dan dapat digunakan sebagai strategi utama dibandingkan dengan sumber daya lainnya (Pertiwi dan Suhartini, 2022).…”