以公司风险管理为中介,公司特征对 2016-2020 年 IDX 上市公司公司价值增长的影响

Sarsiti Sarsiti, Juni Trisnowati, Erni Widiastuti
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引用次数: 0

摘要

研究目标基于Bohnert, A.等人2023年和Nguyen, Lan等人2021年的研究,即以企业风险管理(ERM)为中介,考察规模和杠杆率对公司价值的影响。采用的样本技术是目的性抽样,使用的数据是2016-2020年在印尼证券交易所上市的年度财务报告数据中的二手数据,共涉及15个房地产和物业行业领域。数据分析技术中使用了路径分析和 Sobel 检验。研究结果表明(1)公司规模对企业风险管理的影响为负且不显著;(2)杠杆率对企业风险管理的影响为正且不显著;(3)公司价值受公司规模和杠杆率的影响为正但不显著;(4)企业风险管理对公司价值的影响为负且不显著。(5) 公司规模和杠杆率对公司价值的影响不以企业风险管理为中介
本文章由计算机程序翻译,如有差异,请以英文原文为准。
THE IMPACT OF COMPANY CHARACTERISTICS TO INCREASE COMPANY VALUE WITH CORPORATE RISK MANAGEMENT AS MEDIATION IN COMPANIES LISTED ON THE IDX IN 2016-2020
The research objectives are based on the research of Bohnert, A., et al., 2023 and Nguyen, Lan, et al. 2021, namely to examine the impact of size and leverage on firm value with enterprise risk management (ERM) as mediation. The sample technique used is purposive sampling, and the data used is secondary data from annual financial report data listed on the Indonesia Stock Exchange from 2016-2020, totaling 15 property and real estate industry sectors. Path analysis and the Sobel test are used in the data analysis technique. The findings indicated that: (1) firm size has a negative and insignificant impact on ERM; (2) leverage has a positive and insignificant impact on ERM; (3) firm value is positively but insignificantly impacted by company size and leverage; and (4) ERM has a negative and insignificant impact on firm value. (5) The impact of firm size and leverage on firm value is not mediated by ERM
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