FINANCIAL PERFORMANCE AND CORPORATE VALUE WITH GOOD CORPORATE GOVERNANCE AS A MODERATION OF HIGH AND LOW PROFILE COMPANIES

I Gusti Ayu Ratih Permata Dewi; Cok Istri Ratna Sari Dewi; Ni Kd. Sioaji Yamawati

doi:10.53625/ijss.v3i2.6297

Authors

I Gusti Ayu Ratih Permata Dewi Universitas Warmadewa
Cok Istri Ratna Sari Dewi Universitas Warmadewa
Ni Kd. Sioaji Yamawati Universitas Warmadewa

DOI:

https://doi.org/10.53625/ijss.v3i2.6297

Keywords:

Enterprise Risk Management, Intellectual Capital, Sustainability Report

Abstract

This study aims to analyze how much influence Enterprise Risk Management, Intellectual Capital, and Sustainability Report have on Company Financial Performance and Their Impact on Company Value with Good Corporate Governance as moderator in High Profile and Low Profile Companies listed on the Indonesia Stock Exchange. The population of this study is 80 High Profile and Low Profile companies listed on the Indonesia Stock Exchange for the 2018-2020 period. Determination of the sample was carried out using purposive sampling and obtained 20 companies as samples in this study for 3 years so that a total sample of 60 companies. The data analysis technique used is Stata software. The results of this study indicate that the company's financial performance has an effect on firm value, meanwhile, enterprise risk management, intellectual capital and sustainability reports have no effect on firm value. Enterprise risk management, intellectual capital, and sustainability reports have no effect on the company's financial performance. Good corporate governance is able to moderate the effect of enterprise risk management on firm value

References

Aziz, A. (2016). Antam Cemari Activities 95 Creeks.

Blocher E, Stouth D, Juras P, CG (2019). Cost Management: A strategic emphasis five edition. McGraw-Hill Company.

Devi, S. (2017). Effect of Enterprise Risk Management Disclosures and Intellectual Capital Disclosures on Company Value. Indonesian Journal of Accounting and Finance, 14, 20–45.

Emar, S, E, A., AS (2020). The Influence of Enterprise Risk Management and Disclosure of Intellectual Capital on Corporate Values with Good Corporate Governance as Moderation. 19(2), 78–90.

Fahmi, I. (2018). Risk management. Alphabet.

Gunawan, J. (2016). Sustainability Report. Media Discourse Partners.

Kharma, BP & LZ (2020). Effect of Disclosure of Sustainability Report on Company Value. Journal of the Department of Accounting.

N. Burhan, AH, & Rahmanti, W. (2012). THE IMPACT OF SUSTAINABILITY REPORTING ON COMPANY PERFORMANCE. Journal of Economics, Business, and Accountancy | Ventura, 15(2), 257. https://doi.org/10.14414/jebav.v15i2.79

Nguyen, AH, & Doan, DT (2020). The Impact of Intellectual Capital on Firm Value: Empirical Evidence From Vietnam. International Journal of Financial Research, 4(11), 74–85.

Nofianto, E., & Agustina, L. (2014). Analysis of the Effect of Suatainability Report on Company Financial Performance. Accounting Analysis Journal, 3(3).

Oktari, IGAP, Handajani, L., & Widiastuty, E. (2016). Determinants of Intellectual Capital in Public Companies in Indonesia and Its Implications for Company Value. Full Paper, 1–29.

Pramita, M. et al. (2021). Effect of Disclosure of Sustainability Reporting and Intellectual Capital on Company Value. Pareso Journal, 3, 173–188.

Puspitasari, AD (2017). Analysis of the Influence of Enterprise Risk Management Disclosure and Intellectual Capital Disclosure, Corporate Social Responsibility Disclosure on Company Value. Thesis Faculty of Economics and Business, University of Lampung.

Rahayu, P. et al. (2020). Recognition of Intangible Assets and Comparison of the Straight Line Method with the Declining Balance Method in Determining Income Tax. Journal of Sharia Accounting, 2, 242–257.

Saputra, WS (2018). The Influence of Corporate Governance, Corporate Social Responsibility, and Intellectual Capital on Company Value. National Conference of Creative Industry: Sustainable Tourism Industry for Economic Development.

Sawitri, AP (2017). Analysis of the effect of Sustainability Report disclosure, financial performance, environmental performance on firm value. Journal of Business and Banking, 7, 207–214.

Siregar, New York (2019). Effect of Disclosure of Enterprise Risk Management, Intellectual Capital, Corporate Social Responsibility and Sustainability Report on Company Value. Darmajaya Business Journal, 5.

Sugiyono. (2017). Quantitative Research Methods, Qualitative, and R&D. Alphabet CV.

Sulistyaningsih, S., & Gunawan, B. (2018). ANALYSIS OF FACTORS INFLUENCING RISK MANAGEMENT DISCLOSURE (Empirical Study of Manufacturing Companies Listed on the Indonesia Stock Exchange in 2012-2014). Indonesian Accounting and Finance Research, 1(1), 1–11. https://doi.org/10.23917/reaksi.v1i1.1973

Suryanata, KB, Hermanto, H., & Pituringsih, E. (2019). Company Size, Corporate Value, and Disclosure of CSR on Risk Management with Good Corporate Governance as Moderator. E-Jurnal of Accounting, 28(3), 2076. https://doi.org/10.24843/eja.2019.v28.i03.p28

Ulum, I. (2017). Intellectual Capital. UMM Press.

Yusoff, YM, Omar, MK, Kamarul Zaman, MD, & Samad, S. (2019). Do all elements of green intellectual capital contribute toward business sustainability? Evidence from the Malaysian context using the Partial Least Squares method. Journal of Cleaner Production, 234, 626–637.