The Effect of Corporate Governance on Corporate Value: The Role of Enterprise Risk Management

Abstract

In order to determine the effect of corporate governance on the corporate value, then moderating the relationship with enterprise risk management (ERM) is the aim of this study. This study collected secondary data from financial statements and annual reports for the 2016-2020 period of 87 companies as the sample and used panel regression as the analysis method. The results showed a significant positive effect of the audit committee on corporate value, while an independent commissioner had a significant negative effect. This study also shows no significant effect on the corporate value of managerial ownership, institutional ownership, board size, and board director. However, ERM moderated the relationship between the audit committee and corporate value and between managerial ownership and corporate value.
 Keyword: Corporate governance, corporate value, ERM.

Mampukah Struktur Modal Memediasi Pengaruh Ceo Narcissism Dan Overconfidence Terhadap Kinerja Perusahaan?

“…Metode hypothesis testing digunakan untuk menguji pengaruh variabel-variabel yang digunakan. Hypothesis testing adalah sebuah metode yang dimaksudkan untuk menguji tingkat signifikansi hubungan variabel pada suatu penelitian (Sepriani & Candy, 2022). Dengan begitu, penelitian ini akan menguji pengaruh secara langsung dari CEO narcissism dan CEO overconfidence terhadap kinerja perusahaan, dan pengaruh tidak langsung dengan struktur modal sebagai variabel mediasi.…”