The Effect of Enterprise Risk Management Disclosure, Capital Structure, and Dividend Policy on the Firm Value

Paulus Adan Lasau and Sofian ()
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Paulus Adan Lasau: Universitas Katolik Widya Mandala Surabaya, Accounting Department
Sofian: Universitas Katolik Widya Mandala Surabaya, Accounting Department

A chapter in Proceedings of the 4th Asia Pacific Management Research Conference (APMRC 2022), 2023, pp 680-689 from Springer

Abstract: Abstract Business developments in the era of globalization caused by the modernization of information technology have a significant impact on the business world. Financial statements become the key or value of the company that can be sold to external parties such as potential investors or shareholders to assess the effectiveness and efficiency of a company’s performance in the future. There are several components that will influence decision-making on the part of shareholders, investors and company management regarding the importance of enterprise risk management disclosure, capital structure, and dividend policy on firm value. This study aims to examine the effect of corporate risk management, capital structure, and dividend policy on firm value. The object of this research uses manufacturing companies listed on the Indonesia Stock Exchange during the 2018–2020 period. The data used in this study is secondary data in the form of annual reports and company financial statements. The current research sample was selected based on the purposive sampling technique and the data analysis technique used was multiple linear regressions. The results of this study indicate that Enterprise risk management disclosure has a positive effect on firm value, while the capital structure and dividend policy does not affect firm value.

Keywords: Firm Value; Enterprise Risk Management Disclosure; Capital Structure; Dividend Policy (search for similar items in EconPapers)
Date: 2023
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DOI: 10.2991/978-94-6463-076-3_52

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