Risk Management Disclosure and their Effect on Banking Firms Value in Indonesia

Rahayu, Isti; Ardi, Dira Sartika; Hamdani, Rizki

doi:10.18488/73.v10i2.2959

Cited by 4 publications

(3 citation statements)

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“…However, this methodology presents an increase to the size existing residual income, which is defined as operating profit minus capital charge. Mathematically EVA gives the same result in scoring as Discounted Cash Flow (DCF) or Net Present Value (NPV), which has long been widely recognized as the best theoretical analytical tool from a shareholder perspective (Eugster and Wagner, 2020); Rahayu et al, 2022;Sharma et al, 2022. The definition given by Stern Value Management to EVA shows that EVA is the difference between a business organization's net operating profit after tax and the cost of capital opportunities invested in business organizations (Jakub et al, 2015). The following the formula for EVA.…”

Section: Economic Value Added (Eva)mentioning

confidence: 99%

Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries

Sukmadilaga

Winarningsih²,

Yudianto³

et al. 2023

IJEEP

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The purpose of this study is to examine whether green accounting influences firm value on companies in the ASEAN countries that have won the Asia Sustainability Reporting Awards 2021. The study utilized the exploratory quantitative method using secondary data, namely financial reports, sustainability reports, and ESG Scoring on the respective company websites of 15 Companies that have won the Asia Sustainability Reporting Awards 2021. Based on the observation years 2017-2021 of the published annual reports, this study shows that application of green accounting reporting with the dimensions of energy consumption have no significant effect on firm value using the Economic Creation Value Added (EVA) as proxy. This study shows that application of green accounting reporting with the dimensions of water consumption has a significant negative effect on EVA creation from companies in the Asia Sustainability Reporting List Awards. This study also shows that application of green accounting reporting with emission dimensions has a significant effect at a significance level of 10% with a positive direction towards EVA creation from companies in the Asia Sustainability Reporting List Awards. The findings in this study shed some lights on the importance of green accounting towards firm value of public listed companies in the ASEAN countries. The findings in this study are expected to be able to make a positive contribution to stakeholders’ interests and policies relating to other financial information required by stakeholders.

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Section: Economic Value Added (Eva)mentioning

confidence: 99%

Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries

Sukmadilaga

Winarningsih²,

Yudianto³

et al. 2023

IJEEP

View full text Add to dashboard Cite

show abstract

“…There is a large body of literature examining the various factors that affect environmental performance, which encompasses a wide range of aspects, including economic, social, political, technological, and natural factors. A review of this literature highlights several key factors that are commonly seen as having the greatest impact on environmental performance (Kirikkaleli et al, 2021;Noh, 2010;Sadorsky, 2010;Chi et al, 2021;David and Venkatachalam, 2018;Tolliver et al, 2019;Ali et al, 2014;Rahayu et al, 2022;Sharma et al, 2022;Mubeen et al, 2022). In recent years, the issue of environmental sustainability has gained increasing attention from policymakers, financial institutions, and the general public.…”

Section: Literature Reviewmentioning

confidence: 99%

Evaluating the Role of Green Financing, International Trade and Alternative Energies on Environmental Performance in Case of Chinese Provinces: Application of Quantile Regression Approach

Hoang

Tuan

2023

IJEEP

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Despite increasing recognition of the urgent need to address the impacts of climate change, the global response has been inadequate, and greenhouse gas emissions continue to rise. The role of green financing in addressing this problem is uncertain, as it remains in its early stages of development and implementation. Furthermore, the relationship between green financing, alternative energies, and environmental performance is complex and not well understood. This study examines the potential of green financing as a tool for mitigating the effects of climate change and promoting sustainable development. Assessing the effectiveness of green financing as a means of improving environmental performance, and the role of alternative energies in this relationship. This study aims to provide recommendations for policymakers, businesses, and other stakeholders on how to effectively leverage green financing to promote sustainable development and address the impacts of climate change. Using Quantile regression approach, this study finds that green finance, international trade, GDP and alternative energies are important determinants of CO2 emissions of China. We find that green finance, and alternative energies have negative location coefficients, which imply that these factors abate CO2 emissions. On the contrary, the location coefficient of international trade and GDP are positive, which suggest that these factors increase CO2 emissions of China. The negative coefficient of green finance for all quantiles implies that green finance is beneficial for environmental performance of China.

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“…Under the influence of the media, managers can effectively reduce the violations of managers' self-interest trends. Rahayu et al (2022) concluded that negative media reports will inhibit managers' desire to satisfy their interests and play a role in enterprise governance. In summary, this paper proposes the following hypothesis H2b: Hypothesis H2b: Negative media reports can inhibit overinvestment caused by managers' overconfidence.…”

Section: Moderating Effect Of Media Reports On Managers' Overconfiden...mentioning

confidence: 99%

Analysis of the influence of enterprise managers’ overconfidence on the overinvestment behavior of listed companies under the media reports

2022

Front. Psychol.

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At present, there is a common overinvestment behavior among listed companies in various countries, which seriously reduces the overall resource allocation efficiency of the market. With the rise of behavioral finance, it has become a new direction to study the influence of managers’ “irrational characteristics” on enterprise overinvestment. With the rapid rise of the media industry, media reporting, as an external governance mechanism, supplements the capital market supervision system and has a huge impact on the investment behavior of enterprises. How media reports affects overinvestment and whether it can curb overinvestment caused by managers’ overconfidence is still worthy of further study. This paper took 6,012 A-share listed companies from 2013 to 2021 as samples, and based on the perspective of “media reports,” studies the impact of managers’ overconfidence on overinvestment; explores whether positive and negative media reports have a moderating effect between overconfidence and overinvestment; studies the moderating effect of media reports under different marketization processes. Empirical conclusions: (1) Managers’ overconfidence will lead to overinvestment of enterprises. (2) Positive media reports will aggravate the overinvestment caused by managers’ overconfidence; negative reports can inhibit the overinvestment caused by managers’ overconfidence. (3) In regions with higher marketization, positive media reports play a more significant role in aggravating overconfidence and leading to overinvestment; in regions with lower marketization, negative reports play a stronger role in restraining overconfidence and overinvestment.

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Risk Management Disclosure and their Effect on Banking Firms Value in Indonesia

Cited by 4 publications

References 0 publications

Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries

Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries

Evaluating the Role of Green Financing, International Trade and Alternative Energies on Environmental Performance in Case of Chinese Provinces: Application of Quantile Regression Approach

Analysis of the influence of enterprise managers’ overconfidence on the overinvestment behavior of listed companies under the media reports

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