PENGARUH ENTERPRISE RISK MANAGEMENT TERHADAP NILAI PERUSAHAAN DENGAN PENGUNGKAPAN LAPORAN KEBERLANJUTAN SEBAGAI VARIABEL MEDIASI
Keywords:
Enterprise Risk Management, Sustainability Report, Firm Value, Mediation
Abstract
The purpose of this research is to analyze the effect of enterprise risk management to firm value mediated by sustainability report. The sample used was 94 set data from consumer non-cyclical companies and health companies listed on Indonesia Stock Exchange in 2018-2021. The variables used were enterprise risk management, sustainability report, and firm vaue. The results showed that enterprise risk management has a positive effect on firm value and on sustainability report. Sustainability report has not affect on firm value. Sustainability report has not mediated the effect of enterprise risk management to firm value.
Keywords: Enterprise Risk Management, Sustainability Report, Firm Value, Mediation
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References
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Pamungkas, A. 2019. Pengaruh penerapan enterprise risk management (COSO) terhadap nilai perusahaan: Studi empiris. Jurnal Akuntansi Maranatha, 11 (1), 12-21.
Rizki, M. K., Agriyanto, R., & Farida, D. N. 2019. The effect of sustainability report and profitability on company value: Evidance from Indonesian sharia shares. Economica: Jurnal Ekonomi Islam, 10 (1), 117-140.
Salim, S., & Oktorina, M. 2016. Pengaruh good corporate governance terhadap kinerja pasar perusahaan yang dimediasi oleh pengungkapan laporan keberlanjutan. Optimum: Jurnal Ekonomi dan Pembangunan, 6(1), 17-31.
Susanti, N., & Restiana, N. G. 2018. What’s the best factor to determining firm value? Jurnal Keuangan dan Perbankan, 22 (2), 301-309.
Witjaksono, A., & Nurhidayati. 2018. Penelaahan ERM disclosures perusahaan property dan real estate yang go public di bursa efek Indonesia. Jurnal Online Insan Akuntan, 4 (1), 119-132.
Zhao, X., Lynch, J. G., & Chen, Q. 2010. Reconsidering Baron and Kenny: Myths and truths about mediation analysis. Journal of Consumer Research, 37 (2), 197-206.
Casualty Actuarial Society. 2003. Overview of Enterprise Risk Management The CAS Enterprise Risk Management Committee. Retrieved April 10, 2022 from https://www.casact.org/sites/default/files/database/forum_03sforum_03sf099.pdf
Chin, W. W. 1998. The partial least square approach for structural equation modeling. In G.A. Marcoulides (Ed.,), Modern Methods for Business Research. London: Lawrence Erlbaum Associates.
Chung, K. H., & Pruitt, S. W. 1994. A simple approximation of Tobin’s q. Financial Management, 23 (3), 70-74.
Committee of Sponsoring Organizations of the Treadway Commission (COSO). 2004. Enterprise Risk Management Integrated Framework. Retrieved April 10, 2022 from https://www.coso.org/documents/coso-erm-executive-summary.pdf
Desender, K., & Lafuente, E. 2011. The relationship between enterprise risk management and external audit fees: Are they complements or substitutes? In Jalilvand & Malliaris (Ed.,), Risk Management and Corporate Governance: Routledge.
Devi, S., Budiasih, I. G. N., & Badera, I. D. N. 2017. Pengaruh pengungkapan enterprise risk management dan pengungkapan intellectual capital terhadap nilai perusahaan. Jurnal Keuangan dan Keuangan Indonesia, 14 (1), 20-45.
Dienes, D., Sassen, R., & Fischer, J. 2016. What are the drivers of sustainability reporting? A systematic review. Sustainability Accounting, Management, and Policy Journal, 7 (2), 154-189.
Emar, A. E. S., & Ayem, S. 2020. Pengaruh pengungkapan enterprise risk management dan pengungkapan intellectual capital terhadapa nilai perusahaan dengan good corporate governance sebagai moderasi. Wacana Ekonomi (Jurnal Ekonomi, Bisnis, dan Akuntansi), 19 (2) 78-90.
Fatchan, I. N., & Trisnawati, R. 2016. Pengaruh good corporate governance pada hubungan antara sustainability report dan nilai perusahaan. Riset Akuntansi dan Keuangan Indonesia, 1 (1), 25–34.
Fornell, C., & Larcker, D, F. 1981. Evaluating structural equation models with unobservable variables and measurement error. Journal of Marketing Research, 18 (1), 39–50.
Freeman, R. E. 1984. Strategic Management: A Stakeholder Approach. Boston: Pitman.
Elkington, J. 1997. Cannibals with Forks: The triple bottom line of 21st business. Capstone: Oxford.
Ghozali, I. H., & Latan, H. 2015. Partial Least Square Konsep, Teknik, dan Aplikasi Menggunakan Program SmartPLS 3.0. Semarang: Badan Penerbit Universitas Diponegoro.
Global Reporting Initiative. 2017. Mapping G4 to The GRI Standards. Retrieved April 10, 2022 from https://www.globalreporting.org/standards/media/1098/mapping-g4-to-the-gri-standards-disclosures-full-overview.pdf
Goman, M., Daromes, F., & Tangke, P. 2021. Interaction effect of sustainability reporting and enterprise risk management on business performance. Indonesian Journal of Accounting and Governance, 5 (1), 91-114.
Gunawan, Y., & Mayangsari, S. 2015. Pengaruh sustainability reporting terhadap nilai perusahaan dengan investment opportunity set sebagai variabel moderating. E-Journal Akuntansi Trisaksi, 2 (1), 1-12.
Hair, J. F., Ringle, C. M., & Sarstedt, M. 2011. PLS-SEM: Indeed a silver bullet. Journal of Marketing Theory and Practice, 19 (2), 139-150.
Iswajuni., Soetedjo, S., & Manasikana, A. 2018. Pengaruh enterprise risk management (ERM) terhadap nilai perusahaan pada perusahaan manufaktur yang terdaftar di bursa efek. Journal of Applied Managerial Accounting, 2 (2), 275-281.
Murtini, U. 2018. Pengaruh enterprise risk manajement terhadap nilai perusahaan dengan variabel kontrol: Ukuran perusahaan dan DER. Jurnal Bisnis, Manajemen & Perbankan, 4 (1), 77-04.
Otoritas Jasa Keuangan. 2017. Intografis Lembaga Jasa Keuangan dan Emiten Penerbit Sustainability Report. Retrieved Nov 03, 2021 from https://www.ojk.go.id/sustainable-finance/id/publikasi/riset-dan-statistik/Pages/Sustainability-Report-bagi-Lembaga-Jasa-Keuangan-dan-Emiten.aspx
Otoritas Jasa Keuangan. 2017. Salinan Peraturan Otoritas Jasa Keuangan Nomor 51/POJK.03/2017 Tentang Penerapan Keuangan Berkelanjutan Bagai Lembaga Jasa Keuangan, Emiten, dan Perusahaan Publik. Retrieved Aug 17, 2022 from https://www.ojk.go.id/sustainable-finance/id/publikasi/riset-dan-statistik/Pages/Sustainability-Report-bagi-Lembaga-Jasa-Keuangan-dan-Emiten.aspx
Pamungkas, A. 2019. Pengaruh penerapan enterprise risk management (COSO) terhadap nilai perusahaan: Studi empiris. Jurnal Akuntansi Maranatha, 11 (1), 12-21.
Rizki, M. K., Agriyanto, R., & Farida, D. N. 2019. The effect of sustainability report and profitability on company value: Evidance from Indonesian sharia shares. Economica: Jurnal Ekonomi Islam, 10 (1), 117-140.
Salim, S., & Oktorina, M. 2016. Pengaruh good corporate governance terhadap kinerja pasar perusahaan yang dimediasi oleh pengungkapan laporan keberlanjutan. Optimum: Jurnal Ekonomi dan Pembangunan, 6(1), 17-31.
Susanti, N., & Restiana, N. G. 2018. What’s the best factor to determining firm value? Jurnal Keuangan dan Perbankan, 22 (2), 301-309.
Witjaksono, A., & Nurhidayati. 2018. Penelaahan ERM disclosures perusahaan property dan real estate yang go public di bursa efek Indonesia. Jurnal Online Insan Akuntan, 4 (1), 119-132.
Zhao, X., Lynch, J. G., & Chen, Q. 2010. Reconsidering Baron and Kenny: Myths and truths about mediation analysis. Journal of Consumer Research, 37 (2), 197-206.
Published
2024-01-30
How to Cite
Lana, A., & Oktorina, M. (2024, January 30). PENGARUH ENTERPRISE RISK MANAGEMENT TERHADAP NILAI PERUSAHAAN DENGAN PENGUNGKAPAN LAPORAN KEBERLANJUTAN SEBAGAI VARIABEL MEDIASI. Jurnal Akuntansi Dan Keuangan (JAK), 29(1), 17-27. https://doi.org/https://doi.org/10.23960/jak.v29i1.1249
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Articles
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