SKRIPSI MBS
PERAN ENTERPRISE RISK MANAGEMENT DALAM MENINGKATKAN NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL MODERASI (Studi Pada Perusahaan Restoran, Hotel, Pariwisata dan Penerbangan Yang Terdaftar di BEI Periode 2015-2020)
ABSTRACT
This study aims to determine the effect of enterprise risk management on
firm value by moderated financial performance (profitability) in restaurant, hotel,
tourism, and aviation companies listed on the Indonesia Stock Exchange for the
2015-2020 period. Several previous studies showed different results. To obtain
valid results, each variable is tested based on the hypothesis.
This study uses a quantitative research method with purposive sampling
technique in order to obtain a sample of 9 companies from 49 companies in the
restaurant, hotel, tourism, and aviation sectors listed on the Indonesia Stock
Exchange for the 2015-2020 period. The test in this study uses panel data
regression and Moderated Regression Analysis as a moderation test.
The results show that enterprise risk management has a negative and
significant relationship to firm value. Then profitability is not able to moderate
the relationship between enterprise risk management and firm value.
Keyword: Enterprise Risk Management, Company Value, Financial
Performance, Profitability, Return On Equity
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