Pengaruh enterprise risk management, firm size dan return on asset terhadap nilai perusahaan sub sektor konstruksi yang terdaftar di bursa efek indonesia

Febriani Febriani, Ardi Paminto

Abstract


Tujuan dari penelitian ini adalah untuk menganalisis pengaruh Enterprise Risk Management, Firm Size dan Return on Asset terhadap Nilai Perusahaan. Penelitian ini dilakukan pada perusahaan sub sektor konstruksi yang terdaftar pada Bursa Efek Indonesia periode 2017-2019. Penelitian ini menggunakan purposive sampling dengan jumlah sampel yang memenuhi kriteria sebanyak 15 perusahaan. Jenis data yang digunakan adalah data kuantitatif dan sumber data berupa laporan keuangan tahunan perusahaan. Alat analisis yang digunakan adalah statistik deskriptif dan regresi data panel. Hasil penelitian ini menunjukkan: (1) Enterprise Risk Management berpengaruh positif tidak signifikan terhadap Nilai Perusahaan, (2) Firm Size berpengaruh negatif signifikan terhadap Nilai Perusahaan, (3) Return on Asset berpengaruh positif signifikan terhadap Nilai Perusahaan.


Keywords


Sub Sektor Konstruksi; Nilai Perusahaan; Enterprise Risk Management; Firm Size; Return on Asset

References


Al-Matari, E. M., Al-Swidi, A. K., & Fadzil, F. H. B. (2014). The Measurements of Firm Performance’s Dimensions. Asian Journal of Finance & Accounting, 6(1), 24. https://doi.org/10.5296/ajfa.v6i1.4761

Allayannis, G., & Weston, J. P. (2001). The use of foreign currency derivatives and firm market value. Review of Financial Studies, 14(1), 243–276. https://doi.org/10.1093/rfs/14.1.243

Audriene, D. (2018). Masa Keemasan Emiten Konstruksi Memudar. In Dinda Audriene, CNN Indonesia Jumat, 24/08/2018 17:31 WIB. https://www.cnnindonesia.com/ekonomi/20180824160144-92-324699/masa-keemasan-emiten-konstruksi-memudar

Beasley, M., Pagach, D., & Warr, R. (2008). Information conveyed in hiring announcements of senior executives overseeing enterprise-wide risk management processes. Journal of Accounting, Auditing and Finance, 23(3), 311–332. https://doi.org/10.1177/0148558X0802300303

Cho, H. J., & Pucik, V. (2005). Relationship between innovativeness, quality, growth, profitability, and market value. Strategic Management Journal, 26(6), 555–575. https://doi.org/10.1002/smj.461

Choi, B. B., Lee, D., & Psaros, J. (2013). An analysis of Australian company carbon emission disclosures. Pacific Accounting Review, 25(1), 58–79. https://doi.org/10.1108/01140581311318968

Ferreira, A. L., Branco, M. C., & Moreira, J. A. (2012). Factors influencing intellectual capital disclosure by Portuguese companies. International Journal of Accounting and Financial Reporting, 2(2), 278. https://doi.org/10.5296/ijafr.v2i2.2844

Gordon, L. A., Loeb, M. P., & Tseng, C. Y. (2009). Enterprise risk management and firm performance: A contingency perspective. Journal of Accounting and Public Policy, 28(4), 301–327. https://doi.org/10.1016/j.jaccpubpol.2009.06.006

Hoyt, R. E., & Liebenberg, A. P. (2011). The Value of Enterprise Risk Management. Journal of Risk and Insurance, 78(4), 795–822. https://doi.org/10.1111/j.1539-6975.2011.01413.x

Jensen, C., & Meckling, H. (1976). Theory Of The Firm : Managerial Behavior , Agency Costs And Ownership Structure I . Introduction and summary In this paper WC draw on recent progress in the theory of ( 1 ) property rights , firm . In addition to tying together elements of the theory of e. 3, 305–360.

Li, Q., Wu, Y., Ojiako, U., Marshall, A., & Chipulu, M. (2014). Enterprise risk management and firm value within China’s insurance industry. Acta Commercii, 14(1), 1–10. https://doi.org/10.4102/ac.v14i1.198

Lin, Y., Wen, M. M., & Yu, J. (2012). Enterprise Risk Management: Strategic Antecedents, Risk Integration, and Performance. North American Actuarial Journal, 16(1), 1–28. https://doi.org/10.1080/10920277.2012.10590630

Marchetti, A. M. (2012). Overview of Enterprise Risk Management. Enterprise Risk Management Best Practices, May, 1–16. https://doi.org/10.1002/9781118386699.ch1

Messier et.al. (2014). Auditing & Assurance Services.

Mohd Tahir, I., & Razali, A. R. (2011). the Relationship Between Enterprise Risk Management (Erm) and Firm Value: Evidence From Malaysian Public Listed Companies. International Journal of Economics and Management Sciences, 1(2), 32–41.

Putu, M., Moeljadi, Djumahir, & Atim, D. (2014). Factors Affecting Firm Value: Theoretical Study on Public Manufacturing Firms in Indonesia. South East Asia Journal of Contemporary Business, Economics and Law, 5(2), 6–15.

Rusyanto, edo. (2019). 2020, Nilai Konstruksi Kawasan Industri Melonjak 54,88%. https://investor.id/business/2020-nilai-konstruksi-kawasan-industri-melonjak-5488

Samuel, A., Mills, E., & zhao, X. (2012). Capital Structure and Firm Value: Empirical Evidence from Nigeria. Internatioanl Journal of Business and Social Sciense, 3(19), 252–261.

Sayilir, Ö. (2016). Enterprise Risk Management and Its Effect on Firm Value in Turkey. Journal of Management Research, 8(4), 86. https://doi.org/10.5296/jmr.v9i1.10124

Terpstra, M., & Verbeeten, F. H. M. (2014). Customer satisfaction: Cost driver or value driver? Empirical evidence from the financial services industry. European Management Journal, 32(3), 499–508. https://doi.org/10.1016/j.emj.2013.07.001

Yudaruddin R. (2014). Yudaruddin, R. (2014)..pdf. In Statistik Ekonomi: Aplikasi Dengan Program SPSS Versi 20. Yogyakarta:Interpena (p. 14).




DOI: https://doi.org/10.30872/jimm.v8i3.10877

Refbacks

  • There are currently no refbacks.


Copyright (c) 2024 Jurnal Ilmu Manajemen Mulawarman (JIMM)


Crossref logo 

Editorial Address

Jurnal Ilmu Manajemen Mulawarman (JIMM)
Faculty of Economics and Business, Mulawarman University
Jl. Tanah Grogot No.1 Samarinda Kalimantan Timur 75119
Email: jimm.feb@gmail.com