Analisis Pengaruh Enterprise Risk Management, Profitabilitas, dan Liabilitas Terhadap Nilai Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia

Abstract

This study aims to determine the effect of Enterprise Risk Management (ERM), profitability, and liabilities on company value in the banking sector. The variables used in this study include ERM, profitability measured by Return On Asset (ROA), and liabilities measured by Loan to Deposit Ratio (LDR). This study utilizes secondary data from banking companies listed on the Indonesia Stock Exchange (IDX) during the period 2019–2023. The research sample consists of 23 banking companies selected based on specific criteria. The data was analyzed using panel data analysis to test the formulated hypotheses. This approach allows for simultaneous testing of the influence of ERM, ROA, and LDR on company value, taking into account variations in data across time and between companies. The results of the study indicate that Enterprise Risk Management (ERM) has a positive but insignificant effect on the value of banking companies. Profitability (ROA) has a positive and significant effect on company value, indicating that increased profitability tends to increase company value. Meanwhile, liabilities measured by LDR show a negative but insignificant effect on company value.