KARAKTERISTIK DEWAN KOMISARIS, KOMITE DAN PENGUNGKAPAN RISIKO PERUSAHAAN

This study examines the influences of board of commissioneer and committee characteristics on the extent of enterprise risk management disclosure. The sample consists of 168 non-financial companies listed on Indonesia Stock Exchange for period of 2014-2016. A risk disclosure index is used to measure the extent of such disclosure. The results show that the presence risk management committee has a significant effect on the extent of risk disclosure. However, other board and committee characteristics doesn’t have significant influence on risk disclosure. The result of this suggests that corporate governance mechanisms, specifically board and audit committee have not fully explained their role in enhancing transparency, especially in communicating corporate risks.

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Mekanisme Corporate Governance Terhadap Nilai Perusahaan Dengan Enterprise Risk Management Sebagai Variabel Intervening

Wahana ◽

10.35591/wahana.v23i1.185 ◽

2020 ◽

Vol 23 (1) ◽

pp. 59-80

Author(s):

J Jamaluddin ◽

Suwardi Bambang Hermanto ◽

F Fidiana

Keyword(s):

Risk Management ◽

Corporate Governance ◽

Firm Value ◽

Audit Committee ◽

Enterprise Risk Management ◽

Governance Mechanism ◽

Governance Mechanisms ◽

Corporate Governance Mechanisms ◽

Enterprise Risk ◽

Corporate Governance Mechanism

Abstract. This study aims to examine the effect of corporate governance mechanism on firm value with enterprise risk management as an intervening variable on financial companies listed on the Indonesia Stock Exchange (IDX). Sample selection using purposive sampling. This study uses multiple regression analysis and simple regression to test the mediational relationship of ERM. The results of this study indicate that there is a significant influence between corporate governance mechanisms (institutional ownership, independent commissioner, and audit committee) with the firm value. But not significant in managerial ownership. The results of this study also indicate that there is a significant influence between corporate governance mechanisms (managerial ownership, independent commissioner, and audit committee) with the ERM. But it is not significant in institutional ownership. This study provides evidence that ERM mediating the effect of corporate governance mechanisms on firm value.Keyword : corporate governance mechanism, firm value, enterprise risk management. Abstrak. Penelitian ini bertujuan menguji pengaruh mekanisme corporate governance terhadap nilai perusahaan dengan enterprise risk management sebagai variabel intervening pada perusahaan perbankan yang terdaftar di Bursa Efek Indonesia (BEI). Penelitian ini menggunakan analisis regresi berganda dan regresi sederhana untuk menguji hubungan mediasional ERM. Deteksi mediasi menggunakan mediasi sederhana dengan cara pengujian causal steps. Teknik pemilihan sampel menggunakan purposive sampling. Hasil penelitian ini menunjukkan bahwa terdapat pengaruh signifikan antara mekanisme corporate governance (kepemilikan institusional, komisaris independen, dan komite audit) dengan nilai perusahaan. Namun tidak signifikan dalam kepemilikan manajerial. Hasil penelitian ini juga menunjukkan bahwa terdapatpengaruh signifikan antara mekanisme corporate governance (kepemilikan manajerial, komisaris independen, dan komite audit) dengan enterprise risk management. Namun tidak signifikan dalam kepemilikan institusional. Penelitian ini memberikan bukti bahwa ERM memediasi pengaruh mekanisme corporate governance terhadap nilai perusahaan.Kata kunci: Mekanisme corporate governance, nilai perusahaan, enterprise risk management.

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Hedging Activities Information and Risk Management Committee Effectiveness: Malaysian evidence

10.31235/osf.io/kxfqe ◽

2018 ◽

Author(s):

Azrul Bin Abdullah ◽

Ku Nor Izah Ku Ismail

Keyword(s):

Risk Management ◽

Corporate Governance ◽

Significant Influence ◽

Statistical Models ◽

Voluntary Disclosure ◽

Annual Reports ◽

Management Committee ◽

Corporate Governance Mechanisms ◽

The Relationship ◽

Risk Management Committee

This study examines the extent of information about hedging activities disclosures within the annual reports of Main Market companies listed on Bursa Malaysia. The extent of hedging activities disclosures is captured through a 32-item-template, which consists of a mandatory and voluntary disclosure scores. The results of this study indicate that the extent of information on hedging activities disclosure is still insufficient among the sampled companies even though the disclosure scored is quite high. This study also examines the relationship between the existence of risk management committee (RMC), its characteristics and the extent of information on hedging activities disclosure in two separate statistical models. The regression results imply that the existence of RMC is positive but does not significantly influence the extent of information on hedging activities disclosure. However its characteristics (i.e. RMC independence and RMC meeting) have a significant influence. The findings may provide some meaningful insights to regulators, policymakers and researchers, towards the establishment of RMC as a part of the internal corporate governance mechanisms. In addition to its existence, the effectiveness of RMC also needs to be emphasised.

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IMPACT OF GOOD CORPORATE GOVERNANCE TOWARDS CORPORATE VALUE WITH ENTERPRISE RISK MANAGEMENT AS MODERATING VARIABLE (EMPIRICAL STUDY OF FINANCIAL COMPANIES LISTED IN IDX FOR THE PERIOD 2017-2019)

Jurnal Manajemen ◽

10.31937/manajemen.v13i1.1957 ◽

2021 ◽

Vol 13 (1) ◽

pp. 74-98

Author(s):

Lydia Sibarani ◽

Herlina Lusmeida

Keyword(s):

Risk Management ◽

Corporate Governance ◽

Audit Committee ◽

Enterprise Risk Management ◽

Managerial Ownership ◽

Corporate Value ◽

Good Corporate Governance ◽

Enterprise Risk ◽

Multiple Regression Method ◽

The Impact

Abstract- This research aims to observe and analyze the impact of Good Corporate Governance towards Corporate Value as well as analyzing whether Enterprise Risk Management is able to moderate its impact. Good Corporate Governance is proxied by the presence of Independent Commissioners, Audit Committee, as well as Managerial Ownership. The population of this research includes all financial companies that publish their annual report in Bursa Efek Indonesia (BEI) over the period of 2017-2019. Data were analyzed using the multiple regression method and the moderated regression analysis. The result of this research found that Independent Commissioners and Audit Committee gives positive and significant impact towards Corporate Value while Managerial Ownership gives negative and insignificant impact towards Corporate Value. Enterprise Risk Management is not able to moderate the impact of Independent Commissioner and Managerial Ownership towards Corporate Value but is able to moderate the impact of the Audit Committee towards Corporate Value. Keywords: Audit Committee; Corporate Value; Corporate Governance; Independent Commissioner; Managerial Ownership

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The Benefit of Enterprise Risk Management (ERM) On Firm Performance

Indonesian Management and Accounting Research ◽

10.25105/imar.v17i2.4949 ◽

2019 ◽

Vol 17 (2) ◽

pp. 168

Author(s):

Mochamad Muslih

Keyword(s):

Risk Management ◽

Corporate Governance ◽

Firm Performance ◽

Stock Exchange ◽

Control Variable ◽

Secondary Data ◽

Enterprise Risk Management ◽

Enterprise Risk ◽

Research Findings ◽

Independent Variable

There were inconsistencies on the results of some ERM researches formerly. There were some variabilities on the benefits and obstacles hampering the implementation of ERM. The purpose of this research is to study the benefits of Enterprise Risk Management (ERM) to increase firm performance.This research used quantitative method, using the statistical software of eviews 9 to process the data samples. The Sampled firms arecompanies listed in the Indonesian stock exchange. 108 questionnaires were filled by the respondents. The variables measured are firm performances and enterprise risk management. The implementation of corporate governance and firm performance are also measured as control variables. Regression procedures were used to analyze the data samples. Some secondary data were also used to enrich analizing the research phenomena.The research findings showed a significant relationship between ERM with firm performance. The effect of ERM as independent variable on firm performance waso significant so that the influence of corporate governance (CG) as control variable became insignificant. Actually based on individual regression, CG influence on firm performance is significant. But totally the influence became insignificant, hampered by the magnitude of ERM influence significancy. These findings add to positive heuristics of falsification model of research as proposed by Imre Lakatos.

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The Effect Of Enterprise Risk Management Disclosure, Intellectual Capital Disclosure, Independent Board Of Commissioners, Board Of Director And Audit Committee Towards Firm Value

Jurnal Manajemen dan Keuangan ◽

10.33059/jmk.v9i1.2196 ◽

2020 ◽

Vol 9 (1) ◽

pp. 60-72

Author(s):

Bima Cinintya Pratama ◽

Indriana Putri ◽

Maulida Nurul Innayah

Keyword(s):

Risk Management ◽

Intellectual Capital ◽

Firm Value ◽

Audit Committee ◽

Stock Exchange ◽

Multiple Regression Model ◽

Enterprise Risk Management ◽

Book Value ◽

Board Of Director ◽

Enterprise Risk

This study aims to examine the effect of enterprise risk management disclosure, intellectual capital disclosure, board commissioner independent, the board of director and committee audit on firm value proxied using book value. The population in this study are property, real estate, and building construction sector companies listed on the Indonesia Stock Exchange in 2016-2018. The samples of this study are 60 companies with 180 observations listed in Indonesia Stock Exchange selected by using a purposive sampling method. The data analysis method used is multiple regression model. Based on the hypothesis that enterprise risk management disclosure, intellectual capital disclosure, independent board commissioner and audit committee have no significant effect on firm value meanwhile board of directors has a significant effect on firm value.

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Firm Characteristics And Enterprise Risk Management Disclosures: Evidence From State-Owned Enterprise In Indonesia

Archives of Business Research ◽

10.14738/abr.98.10582 ◽

2021 ◽

Vol 9 (8) ◽

pp. 136-144

Author(s):

Hudi Kurniawanto

Keyword(s):

Risk Management ◽

Regression Analysis ◽

Stock Exchange ◽

Total Sample ◽

Enterprise Risk Management ◽

Annual Reports ◽

Firm Characteristics ◽

Risk Disclosure ◽

Enterprise Risk ◽

Management Disclosures

The purpose of this study is to examine the effect of firm characteristics on enterprise risk management disclosure. The object of research is State-Owned Enterprises listed on the Indonesia Stock Exchange in 2019-2020, a total sample of 40 annual reports using purposive sampling and multiple regression analysis. The results of this study prove that firm size and leverage do not affect enterprise risk management disclosure, while profitability affects enterprise risk management disclosure. The greater the profitability generated by the company, the wider the risk disclosure will be made to show stakeholders that State-Owned Enterprises in Indonesia can use capital efficiently.

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PENGARUH ENTERPRISE RISK MANAGEMENT DISCLOSURE DAN CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN

Jurnal Benefita ◽

10.22216/jbe.v3i2.3113 ◽

2018 ◽

Vol 3 (2) ◽

pp. 137

Author(s):

Muhammad Rivandi

Keyword(s):

Risk Management ◽

Corporate Governance ◽

Firm Value ◽

Sampling Method ◽

Stock Exchange ◽

Enterprise Risk Management ◽

Purposive Sampling ◽

Enterprise Risk

This study aims to examine the effect of enterprise risk management disclosure, board commissaries independent, and committed audit on firm value. The samples of this study are thirty companies listed in Indonesia Stock Exchange (IDX) selected by using purposive sampling method. The method of data analysis used in this study is panel regression models . Based on the hypotheses testing result, that the enterprise risk management disclosure significantly no effect on firm value, meanwhile board commissaries independent, and community audit have positive significant effect on firm valuePenelitian ini bertujuan untuk menguji pengaruh Enterprise Risk Management Disclosure, Dewan Komisaris Independen dan Komite Audit terhadap Nilai Perusahaan. Sampel dalam penelitian ini adalah tiga puluh perusahaan yang terdaftar di Bursa Efek Indonesia yang dipilih dengan menggunakan purposive sampling, Metode analisis yang digunakan adalah model regresi panel. Berdasarkan hipotesis hasil pengujian bahwa Enterprise risk management disclosure tidak berpengaruh terhadap nilai perusahaan, sedangkan Dewan komisaris independen dan komite audit berpengaruh positif dan signifikan terhadap nilai perusahaan

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Enterprise Risk Management and Performance of Selected Listed Consumer Goods Companies in Nigeria

Applied Finance and Accounting ◽

10.11114/afa.v4i1.2918 ◽

2018 ◽

Vol 4 (1) ◽

pp. 115

Author(s):

Yinka M. Salaudeen ◽

Taibat A. Atoyebi ◽

Bamidele A. Oyegbile

Keyword(s):

Risk Management ◽

Consumer Goods ◽

Audit Committee ◽

Enterprise Risk Management ◽

Board Size ◽

Management Committee ◽

Enterprise Risk ◽

Financial Expertise ◽

And Performance ◽

Risk Management Committee

Enterprise Risk Management (ERM) is an integrated framework and monitoring tool for managing uncertainties surrounding the business objectives. This study evaluated the relationship between enterprise risk management and performance of Twenty (20) consumer goods companies listed on the Nigerian Stock Exchange. The independent variables used are existence of risk management committee, existence of financial expertise, existence of audit committee, existence of Chief risk officer and board size. The study adopted ex post facto research design and data were sourced from annual reports and accounts of the selected Consumer Goods Companies. The collated data were analysed using descriptive statistics and generalised least square. The results reveal that risk management committee, financial expertise and board size have significant positive effect on performance. The results also revealed that existence of audit committee has a significant negative effect on performance while existence of chief risk officer has no significant effect on performance. The study therefore recommended that the regulatory authorities and other relevant institutions are enjoined to reassess their supervisory role with the view to strengthen the ERM process and taking the issue of risk management seriously at every level of organisations to provide reasonable assurance.

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The effect of applying COSO-ERM model on reducing fraudulent financial reporting of commercial banks in Jordan

Banks and Bank Systems ◽

10.21511/bbs.13(2).2018.09 ◽

2018 ◽

Vol 13 (2) ◽

pp. 107-115

Author(s):

Abdul Aziz A. Abdul Rahman ◽

Othman Hel Ajmi Al-Dhaimesh

Keyword(s):

Risk Management ◽

Financial Reporting ◽

Internal Control ◽

Commercial Banks ◽

Audit Committee ◽

Internal Audit ◽

Enterprise Risk Management ◽

Fraudulent Financial Reporting ◽

Corporate Governance Mechanisms ◽

Enterprise Risk

This study aims to test the effect of applying the model of the Committee Sponsoring Organizations for enterprise risk management (COSO-ERM) on reducing fraudulent financial reporting in commercial banks operating in Jordan. Furthermore, the study identifies the role of each board of directors, audit committee, executive management, human resource management, and internal audit as one of the corporate governance mechanisms in enhancing the effectiveness of internal control systems. The study revealed an impact of applying the Committee of Sponsoring Organizations model for enterprise risk management (COSO-ERM) on preventing fraudulent financial reporting, where it reached influence around 77.8% on the dependent variable (fraudulent financial reporting). The study also found that each of internal control, event identification, risk assessment and response, and control activities variables affects dependent variable (fraudulent financial reporting) in commercial banks operating in Jordan.

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Enterprise Risk Management Implementation Maturity in Non Bank and Financial Companies

ETIKONOMI ◽

10.15408/etk.v16i2.5440 ◽

2017 ◽

Vol 16 (2) ◽

pp. 173-186 ◽

Cited By ~ 2

Author(s):

Subagio Tjahjono

Keyword(s):

Risk Management ◽

Regression Analysis ◽

Data Analysis ◽

Significant Influence ◽

Stock Exchange ◽

Real Variable ◽

Enterprise Risk Management ◽

Maturity Level ◽

Dummy Variable ◽

Enterprise Risk

Previous studies of ERM implementation mostly using dummy variable to figure out relation with its determinant. Until today, studies that using risk management maturity as real variable are limited. Therefore, this study intends to determine the maturity level of ERM implementation in non-financial companies listed on Indonesia Stock Exchange during period 2015 and influence of firm’s total assets, total employee, leverage and public ownership to the ERM maturity. The method use are qualitative and multiple regression analysis. The result of data analysis showed that ERM implementation in selected sample during 2015 are still low (majority in initial and repeatable level). In addition, from determinant factors only total asset that have significant influence to the ERM maturity. This result implies that non-financial listed companies are vulnerable to risks. Management should consider future benefit of a mature ERM, not only to comply with regulation.DOI: 10.15408/etk.v16i2.5440

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