Pengaruh manajemen risiko, modal intelektual dan inovasi terhadap nilai perusahaan dimediasi kinerja perusahaan

Authors

  • Dinna Riyani
    ✉ Corresponding author: riyanidinna96@gmail.com
    Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA)
  • Lilis Ardini Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA)
  • Suwardi Bambang Hermanto Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA)

DOI:

https://doi.org/10.33395/owner.v6i4.1170

Abstract

This study aimed to examine the effect of risk management, intellectual capital, and innovation on firm value with companies’ performance as mediating variable. The population was LQ-45 companies that were listed on Indonesia Stock Exchange (IDX) from 2017-up to 2020. Furthermore, the data collection technique used purposive sampling. There were 180 data that were taken from LQ-45 companies’ annual reports and published in www.idx.co.id. Moreover, the data analysis technique used both inner and outer models with Partial Least Square 3.0. The result concluded that (1) Risk Management, Intellectual Capital, and Innovation did not affect the firm value, (2) Risk Management and Innovation had a positive effect on the companies’ performance, (3) Intellectual Capital did not affect on the companies’ performance, and (4) the company’s performance could not mediate the relationship among risk management, intellectual capital, and innovation on the firm value.

Downloads

Download data is not yet available.

References

Anggraini, R., & Fanani, Z. 2019. Does Innovation (Patents and R&D) Affect Firm Value?. In 1st International Conference on Applied Economics and Social Science (ICAESS 2019) (pp. 203-207). Atlantis Press.

Ardianto, D., & Rivandi, M. (2018). Pengaruh Enterprise risk management disclosure, intellectual capital disclosure dan struktur pengelolaan terhadap nilai perusahaan. Profita: Komunikasi Ilmiah Dan Perpajakan, 11(2), 284-305.

Aida, R. N., & Rahmawati, E. (2015). Pengaruh modal intelektual dan pengungkapannya terhadap nilai perusahaan: Efek intervening kinerja perusahaan. Journal of Accounting and Investment, 16(2), 96-109.

Belkaoui, A. R. (2003). Intellectual Capital and Firm Performance of US Multinational Firms: a Study of The Resource-Based and Stakeholder Views. Journal of Intellectual Capital. Vol.4, No. 2: 215: 226.

Damayanti, A. I., & Venusita, L. (2022). Pengaruh Pengungkapan Enterprise Risk Management (ERM) terhadap Kinerja Perusahaan pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI). Jurnal Akuntansi AKUNESA, 10(03)

Deffi, L. S. R., Cahyono, D., & Aspirand, R. M. (2020). Pengaruh enterprise risk management disclosure, intellectual capital disclosure dan debt to asset ratio terhadap nilai perusahaan. BUDGETING: Journal of Business, Management and Accounting, 1(2), 147-162.

Devi, S., Badera, I. D. N., & Budiasih, I. G. A. N. (2016). Pengaruh enterprise risk management disclosure dan intellectual capital disclosure pada nilai perusahaan. Simposium Nasional Akuntansi XIX, 1-28.

Duff, A. (2018). Intellectual capital disclosure: evidence from UK accounting firms. Journal of Intellectual Capital.

Ghozali, I. 2014. Structural Equation Modeling: Metode Alternatif Dengan Partial Least Square (PLS). Semarang: Badan Penerbit Universitas Diponegoro

Hair, J.F., Jr., R.E. Anderson, R.L., Thatam dan W.C. Black. 1998. Multivariate Data Analysis. Englewood Cliffs. NJ: Prentice Hall.

Harahap, S. S. 2015. Analisis Kritis atas Laporan Keuangan. Jakarta : PT Rajagrafindo Persada

Heryana, T., Wahyudi, S., & Mawardi, W. (2020). The mediating effect of intellectual capital disclosure between firm characteristics and firm value: empirical evidence from Indonesian company with non-recursive model analysis. International Journal of Financial Research, 11(2), 14-25

Hoyt, Robert E., Dudley L. Moore & Jr. Chair of Insurance Andre P. Liebenberg. (2008). The Value Of Enterprise Risk Management: Evidence From The U.S. Insurance Industry. Journal of Financial and Quantitative Analysis, Vol.26: 519-532.

Jin, X., Lei, G., & Yu, J. (2016). Government governance, executive networks and enterprise R&D Expenditure. China Journal of Accounting Research, 9(1), 59-81.

Kuniawati, R., & Asyik, N. F. (2017). Kinerja Keuangan Sebagai Variabel Intervening Pengaruh R&D Dan Intangible Asset Pada Nilai Perusahaan. Jurnal Ilmu Dan Riset Akuntansi (JIRA), 6(10).

Liu, X., & Jiang, S. (2016). Bank equity connections, intellectual property protection and enterprise innovation–A bank ownership perspective. China Journal of Accounting Research, 9(3), 207-233.

McShane, M. K., Nair, A., & Rustambekov, E. (2011). Does enterprise risk management increase firm value?. Journal of Accounting, Auditing & Finance, 26(4), 641-658.

Midiantari, P. N., & Agustia, D. (2020). Impact of intellectual capital on firm value through corporate reputation as a mediating variable. Journal of Security and Sustainability Issues, 9(4), 1203-1213.

Nafiroh, S., & Nahumury, J. (2017). The influence of intellectual capital on company value with financial performance as an intervening variable in financing institutions in Indonesia. The Indonesian Accounting Review, 6(2), 159-170.

Ni, Y., Cheng, Y. R., & Huang, P. (2020). Do intellectual capitals matter to firm value enhancement? Evidences from Taiwan. Journal of Intellectual Capital.

Nuryaman, N. (2015). The influence of intellectual capital on the firm’s value with the financial performance as intervening variable. Procedia–Social and Behavioral Sciences, 211, 292-298.

Pamungkas, A. S., & Maryati, S. (2017, November). Pengaruh Enterprise risk management disclosure, intellectual capital disclosure dan debt to aset ratio terhadap nilai perusahaan. In Prosiding Seminar Nasional Darmajaya (Vol. 1, No. 1, pp. 412-428).

Petty, R., & Guthrie, J. (2000). Intellectual capital literature review: measurement, reporting and management. Journal of intellectual capital, 1(2), 155-176.

Pratama, B. C., Putri, I., & Innayah, M. N. (2020). The Effect Of Enterprise Risk Management Disclosure, Intellectual Capital Disclosure, Independent Board Of Commissioners, Board Of Director And Audit Committee Towards Firm Value. Jurnal Manajemen dan Keuangan, 9(1), 60-72.

Subaida, I., Nurkholis, N., & Mardiati, E. (2018). Effect of intellectual capital and intellectual capital disclosure on firm value. Jurnal Aplikasi Manajemen, 16(1), 125-135.

Yustyarani, W., & Yuliana, I. (2020). Influence of intellectual capital, income diversification on firm value of companies with profitability mediation: Indonesian banking. Jurnal Dinamika Akuntansi, 12(1), 77-89.

Widarjo, W. (2011). Pengaruh modal intelektual dan pengungkapan modal intelektual pada nilai perusahaan yang melakukan Initial Public Offering. Jurnal Akuntansi dan Keuangan Indonesia, 8(2), 157-170.

Downloads

Published

2022-10-03

How to Cite

Riyani, D., Ardini, L., & Hermanto, S. B. (2022). Pengaruh manajemen risiko, modal intelektual dan inovasi terhadap nilai perusahaan dimediasi kinerja perusahaan. Owner : Riset Dan Jurnal Akuntansi, 6(4), 3670-3679. https://doi.org/10.33395/owner.v6i4.1170