COMPANY VALUE SEBAGAI PEMODERASI EFEKTIVITAS GREEN FINANCE,ENTERPRISE RISK MANAGEMENT, VOLATILITY TERHADAP INVESTMENT DECISION PASCA COVID-19 DI INDONESIA
DOI:
https://doi.org/10.24127/jm.v17i2.1841Abstract
Permasalahan dalam penelitian ini adalah dalam bursa saham di indonesia, setelah kondisi dunia dan Indonesia mengalami pendemi COVID- 19 pasar keuangan menjadi menunjukkan kondisi yang tidak menentu sehingga mempengaruhi keputusan dalam berinvestasi. Penelitian ini merupakan explanatory research, lokasi penelitian ini dilakukan di Bursa Efek Indonesi. Sampel yang digunakan sebanyak 200 perusahaan berkapitalisasi besar. Alat analisis yang digunakan menggunakan Analisis Jalur dimana green finance, ERM dan volatility berpengaruh terhadap company value dan juga company value berpengaruh terhadap investment decision.
Kata kunci: green finance, ERM, volatility, company value, investment decision
References
Buku
Hery. (2015). Manajemen Resiko Bisnis (Enterprise Risk Management) “Every Employee Is Risk Owner". Jakarta: PT Grasindo.
Kartini, Dwi.(2019) “Corporate Social Responsibility: Transformasi Konsep Sustainability Management dan Implementasi di Indonesia”, Refika Aditama, Bandung.
Sekretariat PROPER Kementerian Lingkungan Hidup.( 2009) Laporan Hasil Peringkat Kinerja perusahaan Dalam Pengelolaan Lingkungan Hidup Proper 2008-2009.
Artikel Jurnal
Aditya, O., & Naomi, P. (2017). Penerapan Manajemen Risiko Perusahaan dan Nilai Perusahaan di Sektor Konstruksi dan Properti. Esensi: Jurnal Bisnis Dan Manajemen, 7(2). https://doi.org/10.15408/ess.v7i2.4981
Agustinus, Gumanti, T. A., Mufidah, A., & Tuhelelu, A. (2013). Analisis Pengaruh Volume Perdagangan, Frekuensi Perdagangan, dan Order Imbalance Terhadap Volatilitas Harga Saham. Jurnal Universitas Paramadina, 10(2), 756–771.
Al-Tuwarij, S.A., Christensen, T.E, dan Hughes II, K.E. (2004). “The Relations Among Enviromental Disclosure, Enviromental Performance, And Economis Performance: A Simultaneous Equations Approach. Accounting Organizations And Society”. Vol 29. Pp.447-4471.
Ardianto, D., & Rivandi, M. (2018). Pengaruh Enterprise Risk Management Disclosure, Intellectual Capital Disclosure dan Struktur Pengelolaan terhadap Nilai Perusahaan. Jurnal Profita, 11(2), 284. https://doi.org/10.22441/profita.2018.v11.02.009
Azura, S. N., Sofia, M., & Nurhasanah. (2018). Faktor-Faktor yang Mempengaruhi Volatilitas Harga Saham pada Perusahaan Manufaktur yang Tercatat di Bursa Efek Indonesia Tahun 2012-2016. Jurnal Fakultas Ekonomi Umrah, 1(1), 1–20.
Cecasmi, J. A., & Samin, S. (2019). Pengaruh Dewan Komisaris, Leverage, dan Struktur Kepemilikan Terhadap Pengungkapan Enterprise Risk Management (ERM). Equity, 20(2), 5. https://doi.org/10.34209/equ.v20i2.627.
Devi, S., Budiasih, I. G. N., & Badera, I. D. N. (2017). Pengaruh Pengungkapan Enterprise Risk Management dan Pengungkapan Intellectual Capital Terhadap Nilai Perusahaan. Jurnal Akuntansi Dan Keuangan Indonesia, 14(1), 20–45. https://doi.org/10.21002/jaki.2017.02
Devi, S., Budiasih, I. G. N., & Badera, I. D. N. (2017). Pengaruh Pengungkapan Enterprise Risk Management dan Pengungkapan Intellectual Capital Terhadap Nilai Perusahaan. Jurnal Akuntansi Dan Keuangan Indonesia, 14(1), 20–45. https://doi.org/10.21002/jaki.2017.02.
Figge, Frank dan Tobias Hanh.( 2004). “Sustainable Value Added-Measuring Corporate Contribtions to sustainability beyond eco-efficiency” Ecological Economics
Handayani, B. D. (2017). Mekanisme Corporate Governance, Enterprise Risk Management, dan Nilai Perusahaan Perbankan. Jurnal Keuangan Dan Perbankan, 21(1), 70–81. Retrieved from http://jurnal.unmer.ac.id/index.php/jkdp/article/view/1228
Hussainey, K., Oscar Mgbame, C., & Chijoke-Mgbame, A. M. (2011). Dividend policy and share price volatility: UK evidence. Journal of Risk Finance, 12(1), 57–68. https://doi.org/10.1108/15265941111100076
Kustini, Indah Adi. 2013. Pengaruh Profitabilitas, Keputusan Investasi, Keputusan Pendanaan Dan Kebijakan Dividen Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bei Periode 2010-2012. Skripsi. Universitas Negeri Yogyakarta.
Rohmawati, I. (2017). Pengaruh Volume Perdagangan, Dividend Payout Ratio Dan Inflasi Terhadap Volatilitas Harga Saham Pada Perusahaan Yang Terdaftar Dalam Indeks LQ45 2011-2015. Jurnal Pendidikan Dan Ekonomi, 6(1), 38–45.
Sartini, Luh Putu Novita dan Purbawangsa, Ida Bagus Anom. 2012. Pengaruh Keputusan Investasi, Kebijakan Dividen, Serta Keputusan Pendanaan Terhadap Nilai Perusahaan Manufaktur Di Bursa Efek Indonesia. E-Jurnal. Fakultas Ekonomi dan Bisnis Universitas Udayana
Suratno, Ignatius Bondan, dkk. (2006) “Pengaruh Enviromental Performance terhadap Enviromental Disclosure dan Economic Performance (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Jakarta Periode 2001- 2004)”. Simposium Nasional Akuntansi 9. Padang (23-29 Agustus 2006).
Zainudin, R., Mahdzan, N. S., & Yet, C. H. (2017). Dividend Policy and Stock Price Volatility of Industrial Products Firm in Malaysia. International Journal of Emerging Markets, 11(24), 1–19. https://doi.org/10.1108/EL-01-2014-0022
Downloads
Published
Issue
Section
License
Licensing and Reuse Rights
All articles published in Derivatif: Jurnal Manajemen are licensed under the Creative Commons Attribution (CC BY) 4.0 International License.
This license permits unrestricted use, distribution, and reproduction in any medium, including commercial use, provided that the original author(s) and the source are properly credited.
Under the CC BY license, readers are allowed to:
Share — copy and redistribute the material in any medium or format
Adapt — remix, transform, and build upon the material for any purpose, including commercial purposes
No additional permission is required from the authors or the publisher, as long as proper attribution is given.
The full license text can be accessed at:
https://creativecommons.org/licenses/by/4.0/
Â
Copyright and Author Rights Policy
Authors who publish in Derivatif: Jurnal Manajemen retain the copyright of their articles.
By submitting and publishing their manuscript, authors grant Derivatif: Jurnal Manajemen the right of first publication and the right to publish, reproduce, distribute, and archive the article in all forms and media.
All published articles are licensed under the Creative Commons Attribution (CC BY) 4.0 International License.
Under this license:
Authors retain full copyright ownership of their work.
The journal is granted the right to publish and disseminate the article as the original publisher.
Readers and third parties are permitted to read, download, copy, distribute, print, search, link to the full texts, and reuse the articles for any lawful purpose, including commercial use, provided that appropriate credit is given to the original author(s) and the journal.
No additional permission is required from the authors or the publisher for reuse that complies with the terms of the CC BY license.
The full license terms are available at:
https://creativecommons.org/licenses/by/4.0/