Enterprise Risk Management and Firm value: Evidence of Indonesia before and during Covid-19
| Autor: | Slamet Angeline Calista, Christiana Angelyn, Kurniawati Heny |
|---|---|
| Jazyk: | English<br />French |
| Rok vydání: | 2023 |
| Předmět: | |
| Zdroj: | E3S Web of Conferences, Vol 426, p 02051 (2023) |
| Druh dokumentu: | article |
| ISSN: | 2267-1242 20234260 |
| DOI: | 10.1051/e3sconf/202342602051 |
| Popis: | This research paper aims to investigate whether there is a relationship between the implementation of Enterprise Risk Management (ERM) and the firm value of listed companies in Indonesia, specifically at the time of crises. A sample of non-financial Indonesia listed companies during the period before the Covid-19 pandemic (2019) and during the Covid-19 pandemic (2020) were used to investigate this relationship. According to this study’s findings, our results indicate that in the circumstances before the Covid-19 pandemic there was a significant negative relationship between ERM implementation and company value. During the Covid-19 pandemic, we find no significant association between ERM implementation and company value because Indonesian companies’ financial performance has experienced a decline. Our results suggest that companies should continue to improve their ERM implementation and investors can use this as a consideration for investing. Limited time period and prior research have become a limitation to our research as by the time of the research, the pandemic is still ongoing. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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