The Effect of Corporate Governance on Corporate Value: The Role of Enterprise Risk Management
| Main Authors: | Sepriani, Lena, Candy, Candy |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Faculty of Economics and Business Udayana University
, 2022
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| Online Access: |
https://ojs.unud.ac.id/index.php/jmbk/article/view/84174 https://ojs.unud.ac.id/index.php/jmbk/article/view/84174/46679 |
Daftar Isi:
- In order to determine the effect of corporate governance on the corporate value, then moderating the relationship with enterprise risk management (ERM) is the aim of this study. This study collected secondary data from financial statements and annual reports for the 2016-2020 period of 87 companies as the sample and used panel regression as the analysis method. The results showed a significant positive effect of the audit committee on corporate value, while an independent commissioner had a significant negative effect. This study also shows no significant effect on the corporate value of managerial ownership, institutional ownership, board size, and board director. However, ERM moderated the relationship between the audit committee and corporate value and between managerial ownership and corporate value. Keyword: Corporate governance, corporate value, ERM.
- Guna mengetahui pengaruh corporate governance terhadap corporate value kemudian memoderasi hubungan tersebut dengan enterprise risk management (ERM) menjadi poin yang dituju melalui penelitian ini. Penelitian ini dilaksanakan dengan melakukan pengumpulan data dari 87 perusahaan sebagai sampel. Data yang diolah berasal dari data sekunder berbentuk laporan tahunan serta laporan keuangan pada tahun 2016-2020 dari setiap sampel perusahaan. Pengujian regresi data panel difasilitasi dengan pemanfaatan program E-Views 12. Hasil penelitian menunjukkan adanya pengaruh signifikan positif audit commmitee terhadap corporate value, independent commisioner yang memiliki pengaruh signifikan negatif, dan yang lain tidak memiliki pengaruh terhadap corporate value. Serta dapat dimoderasinya hubungan di antara audit committee dan corporate value serta managerial ownership dan corporate value dengan ERM.