ii ABSTRAK
PENGARUH ENTERPRISE RISK MANAGEMENT DAN FAKTOR INTERNAL PERUSAHAAN TERHADAP NILAI PERUSAHAAN
PERBANKAN DI BURSA EFEK INDONESIA
Penelitian ini bertujuan untuk meneliti bagaimana pengaruh Enterprise Risk Management dan faktor internal perusahaan terhadap nilai perusahaan. Adapun perusahaan yang diteliti adalah perusahaan perbankan yang terdaftar di Bursa Efek Indonesia selama tahun 2010-2014. Teknik analisis data yang digunakan adalah analisis linear berganda dengan metode ordinary least square. Populasi perusahaan perbankan yang terdaftar di Bursa Efek Indonesia selama tahun 2010-2014 adalah 41 perusahaan. Sampel diambil berdasarkan kriteria tertentu. Berdasarkan kriteria tersebut jumlah sampel penelitian ini sebanyak 28 perusahaan. Hasil dari penelitian ini menunjukkan bahwa secara bersama-sama Enterprise Risk Management dan faktor internal yang terdiri dari ukuran perusahaan, leverage, profitabilitas (ROA), dan sales growth berpengaruh signifikan terhadap nilai perusahaan. Secara parsial, Enterprise Risk Management berpengaruh positif tidak signifikan terhadap nilai perusahaan. Ukuran perusahaan dan leverage berpengaruh negatif signifikan, sedangkan Return On Asset dan sales growth berpengaruh negatif tidak signifikan terhadap nilai perusahaan.
Kata Kunci: Enterprise Risk Management, Faktor Internal, Nilai Perusahaan
iii ABSTRACT
EFFECT OF ENTERPRISE RISK MANAGEMENT AND INTERNAL FACTORS ON FIRM VALUE OF BANKING IN INDONESIA
STOCK EXCHANGE
This study was aimed to examine how the effect of enterprise risk management and internal factors on firm value. The companies in this research are banking companies listed in Indonesia Stock Exchange during the years of 2010-2014.The techniques of data analysis used in this research is multiple linear regression analysis with ordinary least square method. Total population of banking companies that listed in Indonesia Stock Exchange during the years 2010-2014 was 41 companies. Samples were taken based on certain criteria. Based on these criteria sample size of this study as many as 28 companies. Results from this study showed that both Enterprise Risk Management and internal factors which consists of firm size, leverage, profitability (ROA), and sales growth have a significant effect on firm value. Partially, Enterprise Risk Management, have no significant positive effect on firm value. Size and leverage have significant negative effect, however, Return On Asset and Sales Growth have no significant negative effect on firm value.
Keywords: Enterprise Risk Management, Internal Factors, Firm Value
