Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Dinasti International Journal of Economics, Finance & Accounting (DIJEFA)
Muhammad Fikry Alfisyahrin
Unknown Affiliation
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Analyzing Firm Performance: The Influence of Enterprise Risk Management, Investment Decisions, and ESG Aspects in ASEAN-5 Non Financial Firms Muhammad Fikry Alfisyahrin; Dewi Hanggraeni
Dinasti International Journal of Economics, Finance & Accounting Vol. 5 No. 3 (2024): Dinasti International Journal of Economics, Finance & Accounting (July - August
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v5i3.2744

Abstract

This study aims to examine the effect of Enterprise Risk Management (Advanced level of ERM) and Investment Decisions on firm performance, with the moderating role of environmental, social and governance (ESG) factors in ASEAN-5 non-financial firms. Panel data regression analysis employed in this study with a total of 770 observations over a five-year period (2018 to 2022). The study finds a positive relationship between ERM implementation and firm performance metrics (ROA, Tobin's Q, PBV). Investment decisions, proxied by Price Earnings Ratio (PER), also show a positive influence on firm performance. Furthermore, Environmental, Social, and Governance (ESG) moderate the relationship between ERM on firm’s financial performance (ROA) and investment decisions on firm’s market performance (Tobin’s Q and PBV). The findings highlight the significance of integrating ESG factors on risk management practices and strategic investment decisions that improve firm’s financial and market-based performance.
Co-Authors Dewi Hanggraeni