The Mediating Effect of Enterprise Risk Management on the Determinant Factors of Firm Value

DOI

10.2991/aebmr.k.210507.076How to use a DOI?

Keywords

Enterprise Risk Management, Managerial Ownership, Profitability, Leverage, Firm Size, Firm Value

Abstract

This research aimed to analyze the mediating effect of Enterprise Risk Management (ERM) in the effects of managerial ownership, profitability, leverage, and firm size toward firm value. The results indicate that managerial ownership, profitability, and firm size significantly and positively affect firm value. On the other hand, leverage and ERM do not significantly affect firm value. Managerial ownership, profitability, and leverage have no significant effect on ERM, but firm size significantly and positively affect ERM. However, ERM does not mediate the effect of managerial ownership and profitability on firm value significantly, but it has a significant mediating effect of leverage and firm size on firm value. Finally, ERM significantly contributes to the firm value.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Hernawati Dewi
AU  - Deni Iskandar
AU  - Rudolf Lumbantobing
PY  - 2021
DA  - 2021/05/09
TI  - The Mediating Effect of Enterprise Risk Management on the Determinant Factors of Firm Value
BT  - Proceedings of the Ninth International Conference on Entrepreneurship and Business Management (ICEBM 2020)
PB  - Atlantis Press
SP  - 513
EP  - 519
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210507.076
DO  - 10.2991/aebmr.k.210507.076
ID  - Dewi2021
ER  -