Riset Akuntansi dan Keuangan Indonesia
Vol. 9 No. 2 (2024): Riset Akuntansi dan Keuangan Indonesia

Firm’s Value: Governance, Risk Management, Compliance (GRC) and Profitability

Muhamad Muslih (Unknown)
Nurlina (Unknown)



Article Info

Publish Date
30 Sep 2024

Abstract

The research being conducted investigates the effect of governance, risk management, compliance (GRC), and profitability on the value of firms. The audit committee, managerial ownership, institutional ownership, and independent board of commissioners represent the corporate governance variables applied in this study. The research population covers firms in the basic materials sector listed on the Indonesia Stock Exchange between 2019 and 2022. The sampling technique employed is purposive sampling, consisting of a sample size of 15 enterprises observed over four years. The testing methodology employed is panel data regression using Eviews. The findings indicate that business value is influenced by corporate governance, risk management, compliance (GRC), and profitability simultaneously. Partial testing suggests that the audit committee, independent board of commissioners, risk management, and compliance positively affect the firm's value. On the contrary, both managerial ownership and institutional ownership have adverse effects, but profitability does not affect the firm's value.

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Journal Info

Abbrev

reaksi

Publisher

Subject

Economics, Econometrics & Finance

Description

Research in Accounting and Finance Indonesia focusing on various themes, topics, and the accounting and financial aspects, including (but not limited) to the following topics: Public sector accounting Management accounting Islamic accounting Financial management Auditing Corporate Governance ...