Pengaruh Enterprise Risk Management dan Faktor Internal Perusahaan Terhadap Nilai Perusahaan Perbankan di Bursa Efek Indonesia

ABSTRAK

PENGARUH ENTERPRISE RISK MANAGEMENT DAN FAKTOR
INTERNAL PERUSAHAAN TERHADAP NILAI PERUSAHAAN
PERBANKAN DI BURSA EFEK
INDONESIA
Penelitian ini bertujuan untuk meneliti bagaimana pengaruh Enterprise
Risk Management dan faktor internal perusahaan terhadap nilai perusahaan.
Adapun perusahaan yang diteliti adalah perusahaan perbankan yang terdaftar di
Bursa Efek Indonesia selama tahun 2010-2014. Teknik analisis data yang
digunakan adalah analisis linear berganda dengan metode ordinary least square.
Populasi perusahaan perbankan yang terdaftar di Bursa Efek Indonesia selama
tahun 2010-2014 adalah 41 perusahaan. Sampel diambil berdasarkan kriteria
tertentu. Berdasarkan kriteria tersebut jumlah sampel penelitian ini sebanyak 28
perusahaan. Hasil dari penelitian ini menunjukkan bahwa secara bersama-sama
Enterprise Risk Management dan faktor internal yang terdiri dari ukuran
perusahaan, leverage, profitabilitas (ROA), dan sales growth berpengaruh
signifikan terhadap nilai perusahaan. Secara parsial, Enterprise Risk Management
berpengaruh positif tidak signifikan terhadap nilai perusahaan. Ukuran perusahaan
dan leverage berpengaruh negatif signifikan, sedangkan Return On Asset dan
sales growth berpengaruh negatif tidak signifikan terhadap nilai perusahaan.

Kata Kunci: Enterprise Risk Management, Faktor Internal, Nilai Perusahaan

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Universitas Sumatera Utara

ABSTRACT

EFFECT OF ENTERPRISE RISK MANAGEMENT AND INTERNAL
FACTORS ON FIRM VALUE OF BANKING IN INDONESIA
STOCK EXCHANGE
This study was aimed to examine how the effect of enterprise risk
management and internal factors on firm value. The companies in this research are
banking companies listed in Indonesia Stock Exchange during the years of 20102014.The techniques of data analysis used in this research is multiple linear
regression analysis with ordinary least square method. Total population of
banking companies that listed in Indonesia Stock Exchange during the years
2010-2014 was 41 companies. Samples were taken based on certain criteria.
Based on these criteria sample size of this study as many as 28 companies. Results
from this study showed that both Enterprise Risk Management and internal factors
which consists of firm size, leverage, profitability (ROA), and sales growth have a
significant effect on firm value. Partially, Enterprise Risk Management, have no

significant positive effect on firm value. Size and leverage have significant
negative effect, however, Return On Asset and Sales Growth have no significant
negative effect on firm value.
Keywords: Enterprise Risk Management, Internal Factors, Firm Value

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Universitas Sumatera Utara