Pengaruh Enterprise Risk Management, Firm Size, Leverage, Sales Growth, Profitability, dan Insider Ownership terhadap Firm Value (Studi Kasus Pada Perusahaan Sektor Konstruksi dan Infrastruktur yang Terdaftar di BEI Periode 2012-2016)

Abstract

This study aims to analyze the effect of Enterprise Risk Management, Firm Size, Leverage, Sales Growth, Profitability, and Insider Ownership simultaneously to Firm Value in the Construction and Infrastructure sectors listed on BEI. Population in this research is company of Construction and Infrastructure sector which listed in Indonesia Stock Exchange (IDX) with observation period year 2012-2016. The sample of research is 8 companies determined by purposive sampling method. Methods of data analysis by using multiple linear regression analysis. The analysis works well with the Eviews-8 program. The results showed that simultaneously enterprise risk management (ERM), firm size, leverage (DER), sales growth, profitability (ROA), and insider ownership positively and significantly influence firm values (PBV). Partially enterprise risk management (ERM), firm size, leverage (DER), profitability (ROA), insider ownership have positive effect and significant to firm value (PBV), except sales growth partially negatively and significantly affect firm value (PBV).

Penelitian ini bertujuan untuk menganalisis pengaruh penerapan Enterprise Risk Management, Firm Size, Leverage, Sales Growth, Profitability, dan Insider Ownership secara simultan (bersama-sama) terhadap Firm Value pada perusahaan sektor konstruksi dan infrastruktur yang terdaftar di BEI. Populasi dalam penelitian ini adalah perusahaan sektor Konstruksi dan Infrastruktur yang terdaftar di Bursa Efek Indonesia (BEI) dengan periode pengamatan tahun 2012-2016. Sampel penelitian sebanyak 8 perusahaan yang ditentukan dengan metode purposive sampling. Metode analisis data dengan menggunakan analisis regresi linier berganda. Analisis dilakukan dengan bantuan program Eviews-8. Hasil penelitian menunjukkan bahwa secara simultan (bersama-sama) enterprise risk management (ERM), firm size, leverage (DER), sales growth, profitability (ROA) dan insider ownership berpengaruh positif dan signifikan terhadap firm value (PVB). Secara parsial enterprise risk management (ERM), firm size, leverage (DER), profitability (ROA), insider ownership berpengaruh positif dan signifikan terhadap firm value (PVB), sementara sales growth secara parsial berpengaruh negatif dan signifikan terhadap firm value (PVB).