AJAR (Asian Journal of Accounting Research) (e-Journal)
Volume 3 Issue 2

The effect of enterprise risk management (ERM) on firm value in manufacturing companies listed on Indonesian Stock Exchange year 2010-2013

Iswajuni Iswajuni (Department of Accountancy, Universitas Airlangga, Surabaya, Indonesia)
Arina Manasikana (Department of Accountancy, Universitas Airlangga, Surabaya, Indonesia)
Soegeng Soetedjo (Department of Accountancy, Universitas Airlangga, Surabaya, Indonesia)

Article Info

Publish Date
23 Nov 2018

Abstract

The purpose of this paper is to identify the effect of enterprise risk management (ERM) with firm size, ROA and managerial ownership as control variables on firm value that is proxied by Tobin’s Q.Population of this research was manufacturing companies listed on the Indonesian Stock Exchange (IDX) in 2010–2013. The used method in this research is multiple linear regression-ordinary least square and hypotheses testing using t-test to test the regression coefficients with level of significance of 5 percent.The results showed that ERM, ROA and size of the company have a significant positive effect on the firm value. While the managerial ownership has a significant negative effect on the firm value.The results showed that firm value increases as ERM, ROA and size of the company improves. While the managerial ownership has a significant negative effect on the firm value.

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Journal Info
AJAR (Asian Journal of Accounting Research) (e-Journal)
Website

Abbrev

AJAR

Publisher

Universitas Airlangga

Subject

Description

The Asian Journal of Accounting Research (AJAR) provides a forum for international researchers to publish original articles of high-quality research findings which contribute to academic literature and practice. AJAR welcomes a wide range of methodologies in all aspects of accounting and finance in ...