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

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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PENGARUH CORPORATE SOCIAL RESPONSIBILITY DAN CORPORATE GOVERNANCE TERHADAP PENGUNGKAPAN ENTERPRISE RISK MANAGEMENT

Jurnal Akuntansi Trisakti ◽

10.25105/jat.v4i2.4854 ◽

2019 ◽

Vol 4 (2) ◽

pp. 207

Author(s):

Rafika Melani ◽

Idrianita Anis

Keyword(s):

Risk Management ◽

Corporate Social Responsibility ◽

Social Responsibility ◽

Banking Industry ◽

Stock Exchange ◽

Secondary Data ◽

Institutional Ownership ◽

Enterprise Risk Management ◽

Enterprise Risk ◽

Corporate Social

The purpose of this study was to examine the influence of corporate social responsibility disclosure, the effectiveness of the board of commissioners, institutional ownership and implementation of SFAS 60 (revised 2010) on the enterprise risk management disclosure. The data used in this research is secondary data, , obtained the annual report of the banking industry company listed on the Indonesia Stock Exchange. The population of this research is the banking industry companies listed in Indonesia Stock Exchange during the years 2009-2015, amounting to 161 companies. The collection of samples using purposive sampling method by selecting predefined criteria. This study uses multiple regression analysis. The results of this study indicate that not all independent variables showed a significant effect on the dependent variable. CSR disclosure and effectiveness of the board of commissioners has a positive effect on enterprise risk management disclosure. Meanwhile, institutional ownership has no effect on the enterprise risk management disclosure and the application of SFAS 60 (Revised 2010) has no effect on the enterprise risk management disclosure

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KARAKTERISTIK DEWAN KOMISARIS, KOMITE DAN PENGUNGKAPAN RISIKO PERUSAHAAN

Jurnal Reviu Akuntansi dan Keuangan ◽

10.22219/jrak.v8i2.31 ◽

2018 ◽

Vol 8 (2) ◽

pp. 115

Author(s):

Andre Falendro ◽

Faisal Faisal ◽

Imam Ghozali

Keyword(s):

Risk Management ◽

Corporate Governance ◽

Significant Influence ◽

Audit Committee ◽

Stock Exchange ◽

Enterprise Risk Management ◽

Risk Disclosure ◽

Corporate Governance Mechanisms ◽

Enterprise Risk ◽

Risk Management Committee

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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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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Pengungkapan Enterprise Risk Management dan Nilai Perusahaan: Peran Moderasi Umur dan Ukuran Perusahaan

E-Jurnal Akuntansi ◽

10.24843/eja.2021.v31.i11.p15 ◽

2021 ◽

Vol 31 (11) ◽

pp. 2867

Author(s):

Ni Kadek Ayu Asri Anggreni ◽

Herkulanus Bambang Suprasto ◽

Dodik Ariyanto ◽

I Gusti Ngurah Agung Suaryana

Keyword(s):

Risk Management ◽

Firm Size ◽

Firm Value ◽

Stock Exchange ◽

Secondary Data ◽

Sampling Technique ◽

Enterprise Risk Management ◽

Annual Reports ◽

Insurance Companies ◽

Enterprise Risk

The purpose of the study was to obtain empirical evidence regarding the effect of enterprise risk management (ERM) disclosure on firm value with the role of age and firm size as moderating. The sampling technique used is purposive sampling technique. The data used in this study is secondary data obtained from the annual reports of insurance companies and financial institutions listed on the Indonesia Stock Exchange for the 2018-2019 period. The data analysis technique used moderated regression analysis (MRA). The results of the analysis show that ERM disclosure has a significant negative effect on the firm value of financing and insurance institutions. Firm age weakens the effect of ERM disclosure on firm value with a quasi moderator type of moderation. Firm size is not proven to moderate the effect of ERM disclosure on firm value and is a moderating predictor. Keywords : Firm Value; Enterprise Risk Management Disclosure;, Company Age; Company Size.

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PENGARUH ENTERPRISE RISK MANAGEMENT DISCLOSURE DAN CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN

Jurnal Benefita ◽

10.22216/benefita.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

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Pengaruh Corporate Governance dan Ukuran Perusahaan Terhadap Enterprise Risk Management (ERM) Disclosure (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2014-2017)

Paediatrica Indonesiana ◽

10.24036/wra.v6i2.102512 ◽

2018 ◽

Vol 6 (2) ◽

pp. 1281

Author(s):

Widyiawati Widyiawati ◽

Halmawati Halmawati

Keyword(s):

Risk Management ◽

Regression Analysis ◽

Firm Size ◽

Audit Committee ◽

Sampling Method ◽

Stock Exchange ◽

Secondary Data ◽

Enterprise Risk Management ◽

Manufacturing Companies ◽

Enterprise Risk

This study aims to determine: (1) The effect of proportion on independent board ERM disclosure, (2) The effect of the audit committee on ERM disclosure, (3) The effect of the ownership dispersion on ERM disclosure, (4) The effect of firm size on ERM disclosure. Population in this research are manufacturing companies listed in Indonesia Stock Exchange (IDX) in 2014-2017. The sample is determined based on purposive sampling method, thus totaling 60 companies. The data used in this research is secondary data. The technique of collecting data by the method of documentation at www.idx.com. The analytical method used is multiple regression analysis. The results showed that: (1) Proportion on independent board no significant effect on the ERM disclosure, (2) The audit committee no significant effect on the ERM disclosure, (3) Ownership dispersion no significant effect on the ERM disclosure, and (4) Firm size influence a significant positive on ERM disclosure.Keywords: Enterprise Risk Management (ERM) Disclosure, Proportion of Independent

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The Impact of the Adoption of Enterprise Risk Management on the Industrial Financial Performance

International Journal of Research in Business and Social Science (2147-4478) ◽

10.20525/ijrbs.v6i6.815 ◽

2017 ◽

Vol 6 (6) ◽

pp. 9-20

Author(s):

Kingsley Karunaratne Alawattegama

Keyword(s):

Risk Management ◽

Firm Performance ◽

Firm Value ◽

Positive Impact ◽

Value Relevance ◽

Secondary Data ◽

Enterprise Risk Management ◽

Integrated Framework ◽

Enterprise Risk ◽

The Impact

Enterprise risk management (ERM) has gained an increased attention during the recent past as an integrated approach to manage risk for creating and preserving firm value. The objective of this study is to explore and empirically verify as to whether the adoption of the ERM has an impact on the firm performance. This study uses both primary and secondary data pertaining to 129 companies listed on the Colombo Stock Exchange under the banking & finance, insurance, diversified, manufacturing, food and beverage and chemical and pharmaceutical sectors. Primary and secondary data are collected by distributing a survey questionnaire and analyzing the published financial statements of the observing companies. Researcher adopts ERM integrated framework suggested by the committee of sponsoring organization (COSO) of the Treadway Commission of the USA to assess the value relevance of ERM and uses return on equity (ROE) as a proxy to measure the firm performance. This study finds, except for control activities, none of the key ERM functions, suggested by the COSO’s ERM integrated framework, has a significant impact on the performance of listed companies. Internal environment, objective setting, and information & communication indicated a weak positive impact on the firm performance. Nevertheless, none of those impacts were statistically significant. Empirical evidence reveals that firms’ risk responding strategies have no impact on the performance. Surprisingly, monitoring of ERM functions has weak negative, but not significant, impact on the firm performance. These findings are contradictory with the theoretical expectation that the adoption of ERM practices has a positive impact on firm performance as confirmed by the prior researchers.

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Pengaruh Kepemilikan Manajerial Pada Nilai Perusahaan Dengan Pengungkapan Enterprise Risk Management Sebagai Variabel Pemoderasi

Matrik Jurnal Manajemen Strategi Bisnis dan Kewirausahaan ◽

10.24843/matrik:jmbk.2019.v13.i02.p11 ◽

2019 ◽

pp. 234

Author(s):

Ni Ketut Rasmini

Keyword(s):

Risk Management ◽

Stock Exchange ◽

Secondary Data ◽

Sampling Technique ◽

Fixed Effect Model ◽

Enterprise Risk Management ◽

Managerial Ownership ◽

Final Sample ◽

Enterprise Risk ◽

The Impact

This study aims to examine the effect of managerial ownership on the value of the firm with enterprise risk management (ERM) as moderating variable. This research using secondary data that obtain from Manufacturing company that listed on Indonesian Stock Exchange on the period of 2013-2015. The sample was determined by purposive sampling technique with final sample of 57 observations. The hypothesis was tested using Moderated Regression Analysis for panel data by using Fixed Effect Model (FEM). The test results show that ERM disclosure strengthen the effect of managerial ownership on the value of the firm. This result indicating supporting the signaling theory, agency theory, and the importance of ERM disclosure for the management investor, creditor and regulator related to the impact of management ownership on the value of the firm

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CORPORATE GOVERNANCE DAN PENGUNGKAPAN ENTERPRISE RISK MANAGEMENT (ERM): STUDI EMPIRIS PERUSAHAAN NON KEUANGAN INDONESIA

RESEARCH FAIR UNISRI ◽

10.33061/rsfu.v4i1.3417 ◽

2020 ◽

Vol 4 (1) ◽

Author(s):

Hudi Kurniawanto ◽

Bambang Widarno

Keyword(s):

Risk Management ◽

Corporate Governance ◽

Firm Size ◽

Stock Exchange ◽

Enterprise Risk Management ◽

Annual Reports ◽

Company Size ◽

Purposive Sampling ◽

Enterprise Risk ◽

Financial Company

The purpose of this study is to examine the effect of corporate governance on enterprise risk management disclosure in Indonesia. Corporate governance is defined as size of the board of commissioners and the proportion of independent commissioners. This study also uses firm size as a control variable.The samples are selected using purposive sampling, with 117 annual reports from non-financial companies listed in Indonesia Stock Exchange in the year 2014-2016. The results of this study prove that size of the board of commissioners has effects on enterprise risk management disclosure, while the proportion of independent commissioners does not affect enterprise risk management disclosure. Variable company size in this study affect enterprise risk management disclosure. This shows that the greater the number of commissioners, the better the level of supervision and pressure on management, thus encouraging management to be more transparent in disclosing enterprise risk management.Keywords: Enterprise risk management disclosure, Corporate Governance, Non-financial company listed on the Indonesia Stock Exchange

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The Effect Board Characteristics On Enterprise Risk Management Disclosures: Evidence from State-Owned Enterprise In Indonesia

Archives of Business Research ◽

10.14738/abr.812.9525 ◽

2021 ◽

Vol 8 (12) ◽

pp. 230-237

Author(s):

Hudi Kurniawanto

Keyword(s):

Risk Management ◽

Corporate Governance ◽

Stock Exchange ◽

Sampling Technique ◽

Total Sample ◽

Enterprise Risk Management ◽

Annual Reports ◽

Board Independence ◽

Board Characteristics ◽

Enterprise Risk

The purpose of this study is to examine the effect of corporate governance, namely board characteristics on enterprise risk management disclosure. The research object of State-Owned Enterprises listed on the Indonesia Stock Exchange in 2018-2019, with a total sample of 40 annual reports with purposive sampling technique and multiple regression analysis. The results of this study prove that board size no effect on enterprise risk management disclosure, while board independence effect enterprise risk management disclosure. This shows that the commissioners understand and carry out their duties as an independent party in supervising, directing, and evaluating the implementation of corporate governance and corporate strategic policies so that Board Independence in State-Owned Enterprises in Indonesia functions properly.

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