ENTERPRISE RISK MANAGEMENT DISCLOSURE AS AN INTERVENING VARIABLE IN THE EFFECT OF GOOD CORPORATE GOVERNANCE IMPLEMENTATION AND FIRM SIZE ON FINANCIAL PERFORMANCE (STUDY ON BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2013 – 2018
DOI:
https://doi.org/10.38035/dijefa.v1i5.619Keywords:
Good Corporate Governance, Firm Size, Financial Performance, Enterprise Risk ManagementAbstract
This study aims to examine the effect of the Implementation of Good Corporate Governance and Firm Size on Financial Performance with Enterprise Risk Management Disclosure as an intervening variable. The analysis technique used in this study is multiple linear regression analysis, with the population of banking companies listed on the Indonesia Stock Exchange during the period 2013 to 2018. From the specified sample criteria there were 39 companies that met the criteria. The results of this study indicate that (1) GCG implementation has no significant effect on ERM Disclosure; (2) Firm Size has a positive and significant effect on ERM Disclosure: (3) The application of GCG has a positive and significant effect on Financial Performance; (4) Firm Size has a positive and significant effect on Financial Performance; (5) ERM disclosure has no significant effect on Financial Performance; (6) ERM disclosure does not mediate between the Implementation of GCG to Financial Performance; (7) The disclosure of ERM does not mediate between Firm Size and Financial Performance.
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Apollo, M. d. 2018. “Influence of Composition Board of Directors, Board of Commissioners, and Audit Committees to Banking Financial Performance (Empirical Study on Banking Industry Listed in BEI 2011-2016)”. International Journal of Innovative Research & Development, 7(4), 171-176.
Bank Indonesia. (29 April 2013). Pelaksanaan Good Corporate Governance Bagi Bank Umum. Surat Edaran Bank Indonesia Nomor 15/15/DPNP.
Cheplel, S. K. 2013. “The Impact of ERM Practices on The Financial Performance of Commercial Banks in Kenya”. University of Nairobi.
Christopher Kibet Yegon, J. G. 2014. “Effects of Firm Size on Enterprise Risk Management of Listed Firms in Kenya”. IOSR Journal of Business and Management, 16(5), 86-95.
Daito, Apollo. 2007. Metodologi Penelitian Penyusunan Skripsi. Universitas Budi Luhur: Jakarta.
Daito, Apollo. 2011. Pencarian Ilmu Melalui Pendekatan: Ontologi, Epistimologi, Aksiologi. Mitra Wacana Media: Jakarta.
Doktoralina, C, Apollo, A. 2019. “The contribution of strategic management accounting in supply chain outcomes and logistic firm profitability”. Uncertain Supply Chain Management, 7(2), 145-156.
Ghozali, Imam. 2015. Aplikasi Analisis Multivariete Dengan Program IBM SPSS 23. Badan Penerbit Universitas Diponegoro: Semarang.
Kioko, N. P. 2013. “The Relationship Between Firm Size and Financial Performance of Commercial Banks in Kenya”. University of Nairobi.
Kristijadi, S. H. 2014. “The Effect of GCG Implementation and Risk Profile on Financial Performance at Go-Public National Commercial Banks”. Journal of Indonesian Economy and Business, 29(3), 237-250.
Kwanbo, A. B.-Q. 2012. “Corporate Governance and Financial Performance of Banks in the Post-Consolidation Era in Nigeria”. International Journal of Social Sciences and Humanity Studies, 4.
Lawrence A. Gordon, M. P.-Y. 2009. “Enterprise risk management and firm performance: A contingency perspective”. J. Account. Public Policy 28, 301–327.
Liebenberg, R. E. 2008. “The Value of Enterprise Risk Management: Evidence from the U.S. Insurance Industry”. Terry College of Business University of Georgia.
Lucyanda, M. d. 2011. “Pengaruh Corporate Governance dan Konsentrasi Kepemilikan pada Pengungkapan Enterprise Risk Management”. Simposium Nasional Akuntansi XIV Aceh.
Nurdiawansyah, Aminah. 2016. “The Effect of The Implementation of Good Corporate Governance on The Company Financial Performance”. The Third International Conference on Law, Business and Government.
Nurul Badriyah, R. N. 2015. “The Effect of Corporate Governance and Firm Characteristics on Firm Performance and Risk Management as an Intervening Variable”. International Acounting and Business Conference, 868-875.
Riyanto, Bambang. 2008. Dasar-Dasar Pembelanjaan Perusahaan. GPFE: Yogyakarta.
Robertus, Gunawan. 2016. GRC: Konsep dan Penerapannya. PT Rajagrafindo Persada: Depok.
Rudianto. 2013. Akuntansi Manajemen Informasi untuk Pengambilan Keputusan Strategis. Erlangga: Jakarta.
S, Munawir. 2012. Analisis Informasi Keuangan. Liberty: Yogyakarta.
Shahwan, T. M. 2015. “The Effects of Corporate Governance on Financial Performance and Financial Distress: Evidence from Egypt”. Corporate Governance: The International Journal of Business in Society, 15.
Undang - Undang No. 10 tahun 1998 tentang Perbankan. (n.d.).
Warr, D. P. 2010. “The Effects of Enterprise Risk Management on Firm Performance”. SSRN.
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2020-11-28
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