PENGARUH ENTERPRISE RISK MANAGEMENT DISCLOSURE DAN CORPORATE GOVERNANCE TERHADAP FIRM VALUE PADA PERUSAHAAN YANG TERDAFTAR DALAM INDEKS INFOBANK15 PERIODE 2019 – 2022
DOI:
https://doi.org/10.25170/wpm.v16i2.6531Keywords:
Enterprise Risk Management, Corporate Governance, Firm ValueAbstract
In the era of evolving business dynamics, disclosure of information about enterprise risk and corporate governance practices is crucial for the sustainability and growth of a business entity. Enterprise Risk Management Disclosure (ERMD) and corporate governance can play an important role in shaping firm value. Therefore, this study aims to investigate how ERMD and corporate governance as measured by the size of the Board of Directors, Audit Committee, and Independent Commissioner affect Firm value in banking companies listed in the Infobank15 Index for the period 2019 - 2022. Multiple regression analysis is used to test the relationship, focusing on 14 banking sector companies that have records for at least 5 semesters in the period. The results show that Enterprise Risk Management Disclosure (ERMD) has a positive significant effect on firm value, indicating that the level of information disclosure related to risk management can increase firm value. On the other hand, the Board of Directors shows a significant negative effect on firm value. Meanwhile, the Audit Committee and Independent Commissioner have no significant influence on firm value.
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