BAKI (Berkala Akuntansi dan Keuangan Indonesia)
Vol. 10 No. 2 (2025): Berkala Akuntansi dan Keuangan Indonesia

THE EFFECT OF FIRM PERFORMANCE, ERM DISCLOSURE, AND RISK MANAGEMENT COMMITTEE ON SUSTAINABLE GROWTH RATE

Handoyo, Jason Jonathan (Unknown)
Handoko, Jesica (Unknown)



Article Info

Publish Date
07 Nov 2025

Abstract

Sustainability, or a firm's ability to survive long-term, is a primary goal for stakeholders. Two main factors are thought to influence a firm's sustainable growth: first, firm performance, and second, sound risk management to mitigate the negative impacts of unexpected events beyond the firm's control. This study aims to examine the influence of firm performance (which includes financial performance, including profitability, liquidity, capital structure, and environmental performance), as well as the influence of enterprise risk management disclosure and Risk Management Committee on sustainable growth rates. This study is a quantitative study with hypothesis testing. The objects of this study were all manufacturing companies listed on the Indonesia Stock Exchange for the period 2021-2023. The analytical technique used was multiple regression analysis. The results of this study found that financial performance has a positive influence on sustainable growth rates, while environmental performance has a negative influence on sustainable growth rates. Enterprise risk management disclosure and Risk Management Committee were not found to have an effect on sustainable growth rates. This study implies the importance of management paying attention to performance achievements, which should not only include financial performance but also non-financial and environmental performance in fostering sustainable growth rates.

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Journal Info

Abbrev

BAKI

Publisher

Subject

Humanities Economics, Econometrics & Finance Education Social Sciences

Description

Berkala Akuntansi dan Keuangan Indonesia (BAKI) adalah jurnal ilmiah di bidang akuntansi dan keuangan yang diterbitkan oleh Universitas Airlangga bekerjasama dengan Ikatan Akuntan Indonesia Kompartemen Akuntansi Pendidik (IAI-KAPd). BAKI terbit setiap Maret dan September sebagai media untuk ...