Issue |
E3S Web Conf.
Volume 426, 2023
The 5th International Conference of Biospheric Harmony Advanced Research (ICOBAR 2023)
|
|
---|---|---|
Article Number | 02051 | |
Number of page(s) | 9 | |
Section | Innovative Management and Sustainable Society | |
DOI | https://doi.org/10.1051/e3sconf/202342602051 | |
Published online | 15 September 2023 |
Enterprise Risk Management and Firm value: Evidence of Indonesia before and during Covid-19
Accounting Department, School of Accounting, Bina Nusantara University, Indonesia
* Corresponding author: hkurniawati@binus.edu
This research paper aims to investigate whether there is a relationship between the implementation of Enterprise Risk Management (ERM) and the firm value of listed companies in Indonesia, specifically at the time of crises. A sample of non-financial Indonesia listed companies during the period before the Covid-19 pandemic (2019) and during the Covid-19 pandemic (2020) were used to investigate this relationship. According to this study’s findings, our results indicate that in the circumstances before the Covid-19 pandemic there was a significant negative relationship between ERM implementation and company value. During the Covid-19 pandemic, we find no significant association between ERM implementation and company value because Indonesian companies’ financial performance has experienced a decline. Our results suggest that companies should continue to improve their ERM implementation and investors can use this as a consideration for investing. Limited time period and prior research have become a limitation to our research as by the time of the research, the pandemic is still ongoing.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.