Concentrated Ownership and Firm Value: The Mediation Role Of Risk Management Disclosure

Dymas Putra  Herlambang; Dyas Putri Hapsari

doi:10.33395/owner.v8i1.1844

Authors

Dymas Putra Herlambang Universitas Airlangga
Dyas Putri Hapsari Universitas Airlangga

DOI:

10.33395/owner.v8i1.1844

Keywords:

konsentrasi kepemilikan, pengungkapan manajemen risiko, nilai perusahaan

Abstract

Penelitian ini bertujuan untuk menguji mediasi pengungkapan manajemen risiko dalam hubungan konsentrasi kepemilikan terhadap nilai perusahaan. Jenis penelitian ini adalah penelitian kuantitatif yang menggunakan pendekatan explanatory. Sampel dalam penelitian ini adalah 121 perusahaan di bidang perbankan. Teknik analisis data yang digunakan dalam penelitian ini adalah analisis jalur (path analysis). Hasil penelitian menunjukkan bahwa konsentrasi kepemilikan dan pengungkapan manajemen risiko berpengaruh positif terhadap nilai perusahaan, konsentrasi kepemilikan berpengaruh positif terhadap pengungkapan manajemen risiko dan pengungkapan manajemen risiko memediasi pengaruh konsentrasi kepemilikan terhadap nilai perusahaan.

Downloads

Download data is not yet available.

Plum-X Analityc

References

Abbas, D., Ismail, T., Taqi, M., & Yazid, H. (2021). Determinants of enterprise risk management disclosures: Evidence from insurance industry. Accounting, 7(6), 1331-1338.

Abdullah, M., Abdul Shukor, Z., Mohamed, Z. M., & Ahmad, A. (2015). Risk management disclosure: A study on the effect of voluntary risk management disclosure toward firm value. Journal of Applied Accounting Research, 16(3), 400-432.

Bravo, F. (2017). Are risk disclosures an effective tool to increase firm value? Managerial and Decision Economics, 38(8), 1116-1124.

Buckby, S., Gallery, G., & Ma, J. (2015). An analysis of risk management disclosures: Australian evidence. Managerial Auditing Journal, 30(8/9), 812-869.

Devi, S., Budiasih, I. G. N., & Badera, I. D. N. (2017). PENGARUH PENGUNGKAPAN ENTERPRISE RISK MANAGEMENT DAN PENGUNGKAPAN INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN. Jurnal Akuntansi dan Keuangan Indonesia, 14(1). doi:10.21002/jaki.2017.02

Gama, M. A. P., & Rodrigues, C. (2013). The governance?performance relations in publicly listed family controlled firms: an empirical analysis. Corporate Governance: The international journal of business in society, 13(4), 439-456.

Greenspan, A. (2004). Risk and uncertainty in monetary policy. American Economic Review, 94(2), 33-40.

Iswajuni, I., Soetedjo, S., & Manasikana, A. (2018). Pengaruh enterprise risk management (erm) terhadap nilai perusahaan pada perusahaan manufaktur yang terdaftar di bursa efek. Journal of Applied Managerial Accounting, 2(2), 275-281.

Jensen, M. C., & Meckling, W. H. (2019). Theory of the firm: Managerial behavior, agency costs and ownership structure. In Corporate governance (pp. 77-132): Gower.

Kamaruzaman, S. A., Ali, M. M., Ghani, E. K., & Gunardi, A. (2019). Ownership structure, corporate risk disclosure and firm value: a Malaysian perspective. International Journal of Managerial and Financial Accounting, 11(2), 113-131.

Neifar, S., & Jarboui, A. (2018). Corporate governance and operational risk voluntary disclosure: Evidence from Islamic banks. Research in International Business and Finance, 46, 43-54.

Rouf, M. A., & Hossain, M. S. (2018). Ownership distribution and value of the banks in Bangladesh. International Journal of Managerial and Financial Accounting, 10(4), 378-390.

Roychowdhury, S., Shroff, N., & Verdi, R. S. (2019). The effects of financial reporting and disclosure on corporate investment: A review. Journal of Accounting and Economics, 68(2-3), 101246.

Sahrul, M., & Novita, S. (2020). Ownership structure, firm value and mediating effect of firm performance. Jurnal Akuntansi, 24(2), 219-233.

Scott, R. W. (2012). Financial Accounting Theory: Prentice Hall.

Silva, J. R., Silva, A. F. d., & Chan, B. L. (2019). Enterprise risk management and firm value: Evidence from Brazil. Emerging Markets Finance and Trade, 55(3), 687-703.

Supriyadi, A., & Setyorini, C. T. (2020). Pengaruh pengungkapan manajemen risiko terhadap nilai perusahaan melalui kinerja keuangan di industri perbankan Indonesia. Owner: Riset dan Jurnal Akuntansi, 4(2), 467-484.

Toma, S.-V., Chiri??, M., & ?arpe, D. (2012). Risk and uncertainty. Procedia Economics and Finance, 3, 975-980.

Tursoy, T. (2018). Risk management process in banking industry.

Utomo, M. N., Wahyudi, S., Muharam, H., & Helmina, M. R. A. (2019). Linking ownership concentration to firm value: mediation role of environmental performance. Journal of Environmental Management & Tourism, 10(1 (33)), 182-194.

Wolk, I. H., M. G., T., & Dodd, J. L. (2001). Signaling Agency Theory, Accounting Policy Choice. Accounting and. Business Research, 18(69), 47-56.

Zaman, R., Nadeem, M., & Carvajal, M. (2021). Corporate governance and corporate social responsibility synergies: Evidence from New Zealand. Meditari Accountancy Research, 29(1), 135-160.