Enterprise Risk Management dan Intellectual Capital Pada Earnings Response Coefficient
Abstract
The background of this research is some of the results of previous research regarding the informativeness of the value of profit (value relevance). The research objective is to find empirical evidence of the influence of enterprise risk management and intellectual capital on the earnings response coefficient. The study uses size and industry type control variables with multiple linear regression data analysis techniques. The research sample is 143 companies with purposive sampling as the sampling method. The results show that enterprise risk management has no effect on the earnings response coefficient, while intellectual capital has a positive effect on the earnings response coefficient. Size and industry type control variables have a positive effect on the earnings response coefficient.
Keywords: Enterprise Risk Management; Intellectual Capital; ERC
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References
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Sardo, F., & Serrasqueiro, Z. (2017). A European Empirical Study of the Relationship between Firms’s Intellectual Capital, Financial Performance and Market Value. Journal of Intellectual Capital, 18(4), 771–788.
Scott, William R. (2000). Financial Accounting Theory. Edisi 2. Canada: Prentice Hall Inc. Ontario.
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Silalahi, S. P. (2014). Pengaruh Corporate Social Responsibility (CSR) Disclosure, Beta dan Price to Book Value (PBV) terhadap Earnings Response Coefficient (ERC). Jurnal Ekonomi, 22(1991), 1–14.
Tahir, I. M. (2011). The Relationship between Enterprise Risk Management (ERM) and Firm Value: Evidence From Malaysian Public Listed Companies. International Journal of Economics, 1(2), 32–41.
Ulum, D. I. (2016). Intellectual Capital: Model Pengukuran, Framework Pengungkapan, dan Kinerja Organisasi (2nd ed.).
Wernerfelt, B. (1984). A Resource-Based View of the Firm, Strategic Management Journal, 5 (2), hal. 171-180.
Zakiyah, N. Y., & Gunawan, B. (2017). Pengaruh Mekanisme Corporate Governance, Ukuran Perusahaan terhadap Risk Management Disclosure, Jurnal Akuntansi dan Keuangan, 9 (1), hal. 1–18.
Ball, R., & Brown, P. (1968). An Empirical Evaluation of Accounting Income Numbers. Journal of Accounting Research, 6(2), 159–179.
Beasley, M. S., Pagach, D., & Warr, R. (2008). Information Conveyed in Hiring Announcements of Senior Executives Overseeing Enterprise-Wide Risk Management Processes, Journal of Accounting, Auditing and Finance, hal. 311-332..
Bursa Efek Indonesia. (2019). Daftar Saham. Retrieved from www.idx.co.id.
Cheng, F., Nasir, A. (2010). Earning Response Coefficients and The Financial Risks of China Commercial Banks, International Review of Business Research Papers, 6 (3), hal. 178-188.
Collins, D. W., Kothari, S. P., Shanken, J., & Sloan, R. G. (1994). Lack of Timeliness and Noise as Explanations for The Low Contemporaneous Return-Earnings Association. Journal of Accounting and Economics, 18(1), 289–324.
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
Fauzan, M., & Purwanto, A. (2017). Pengaruh Pengungkapan CSR, Timeliness, Profitabilitas, Pertumbuhan Perusahaan, dan Resiko Sistematik Terhadap Earnings Reponse Coefficient (Studi Empiris Pada Perusahaan Manufaktur, Properti, dan Pertambangan Yang Terlisting di Bursa Efek Indonesia (BEI). Diponegoro Journal of Accounting, 6(1), 1–15.
Grahita, C. (2002). Pengaruh Kerugian Perdagangan Valutas Asing Terhadap ERC: Studi di Bursa Efek Jakarta, Disertasi, Program Pasca Sarjana Universitas Gadjah Mada.
Handayani, B. D. (2017). Mekanisme Corporate Governance, Enterprise Risk Management, dan Nilai Perusahaan Perbankan. Jurnal Keuangan Dan Perbankan, 21(1), 70–81.
Hayn, C. (1995). The Information Content of Losses. Journal of Accounting and Economic, 20(1), 125–153.
Holienka, M., P. A., & Kubisova, M. (2016). The Influence of Intellectual Capital Performance on Value Creation in Slovak SMES, The Essence and Measurement of Organizational Efficiency, 3 (2), hal. 65-77. https://doi.org/10.1007/978-3-319-21139-8
Hoyt, R. E., & Liebenberg, A. P. (2011). The Value of Enterprise Risk Management. Journal of Risk and Insurance, 78(4), 795–822. https://doi.org/10.1111/j.1539-6975.2011.01413.x
Hoyt, R. E., Moore, D. L., Insurance, J., & Liebenberg, A. P. (2008). The Value of Enterprise Risk Management : Evidence from the U . S . Insurance Industry. Journal of Financial and Quantitative Analysis, 26(1), 1–22.
Lako, D. A. (2007). Relevansi Nilai Informasi Akuntansi Pasar Saham: Problema dan Peluang Riset. Jurnal Akuntansi Dan Manajemen, 8(2), 1–31.
Lev, B. (1989). On the Usefulness of Earnings and Earnings Research : Lessons and Directions from Two Decades of Empirical Research. Journal of Accounting Research, 27(1), 153–192.
Li, Q., Wu, Y., Ojiako, U., Mrshall, A., & Chipulu, M. (2014). Enterprise risk management and firm value within China ’ s insurance industry. Acta Commercii, 14(1), 1–10. https://doi.org/10.4102/ac.v14i1.198
Natalia, D., & Ratnadi, N. M. D. (2017). Pengaruh Konservatisme Akuntansi dan Leverage pada Earning Response Coefficient. E-Jurnal Akuntansi Universitas Udayana, 20(1), 61–86.
Nimtrakoon, S. (2015). The Relationship between Intellectual Capital, Firms Market Value and Financial Performance. Journal of Intellectual Capital, 16(3), 587–618.
Pamungkas, A. S., & Maryati, S. (2017). Pengaruh Enterprise Risk Management Disclosure, Intellectual Capital Disclosure dan Debt to Aset Ratio Terhadap Nilai Perusahaan. PROSIDING ISSN: 2598 – 0246, (SEMNAS IIB DARMAJAYA), 412–428.
Penrose, E. (1959). Contributions to the Resource-Based View of Strategic Management, Journal of Management Studies, 41 (1), hal. 183-191.
Peteraf, M. A. (1993). The Cornerstones of Competitive Advantage: A Resource-Based View. Strategic Management Journal, 14(3), 179–191.
Randa, F., & Solon, S. A. (2012). Pengaruh Modal Intelektual Terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia). Jurnal Sistem Informasi Manajemen Dan Akuntansi, 10(1), 24–47.
Sanjaya, C. K., & Linawati, N. (2015). Pengaruh Penerapan Enterprise Risk Management dan Variabel Kontrol Terhadap Nilai Perusahaan di Sektor Keuangan. FINESTA, 3(1), 52–57.
Sardo, F., & Serrasqueiro, Z. (2017). A European Empirical Study of the Relationship between Firms’s Intellectual Capital, Financial Performance and Market Value. Journal of Intellectual Capital, 18(4), 771–788.
Scott, William R. (2000). Financial Accounting Theory. Edisi 2. Canada: Prentice Hall Inc. Ontario.
Septianingrum, Yosefin D. & Restuti, MI Mitha D. (2016). Pengaruh Pengungkapan Informasi Corporate Social Responsibility Terhadap Earning Response Coefficient Pada Perusahaan High Profile dan Low Profile Yang Terdaftar di Bursa Efek Indonesia, Seminar Nasional Riset Manajemen & Bisnis, ISBN: 978-602-361-041-9.
Silalahi, S. P. (2014). Pengaruh Corporate Social Responsibility (CSR) Disclosure, Beta dan Price to Book Value (PBV) terhadap Earnings Response Coefficient (ERC). Jurnal Ekonomi, 22(1991), 1–14.
Tahir, I. M. (2011). The Relationship between Enterprise Risk Management (ERM) and Firm Value: Evidence From Malaysian Public Listed Companies. International Journal of Economics, 1(2), 32–41.
Ulum, D. I. (2016). Intellectual Capital: Model Pengukuran, Framework Pengungkapan, dan Kinerja Organisasi (2nd ed.).
Wernerfelt, B. (1984). A Resource-Based View of the Firm, Strategic Management Journal, 5 (2), hal. 171-180.
Zakiyah, N. Y., & Gunawan, B. (2017). Pengaruh Mekanisme Corporate Governance, Ukuran Perusahaan terhadap Risk Management Disclosure, Jurnal Akuntansi dan Keuangan, 9 (1), hal. 1–18.
Published
2023-01-26
How to Cite
HARYANTI, Angelia Putri Surya; WIRAKUSUMA, Made Gede.
Enterprise Risk Management dan Intellectual Capital Pada Earnings Response Coefficient.
E-Jurnal Akuntansi, [S.l.], v. 33, n. 1, p. 159-169, jan. 2023.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/84143>. Date accessed: 14 nov. 2024.
doi: https://doi.org/10.24843/EJA.2023.v33.i01.p12.
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