Moderate managerial ownership: Enterprise risk management disclosure and financial performance on firm value

Dewanti, Ida Ayu Cahaya and Wirakusuma, Made Gede and Yasa, Gerianta Wirawan and Hasibuan, Henny Triyana (2025) Moderate managerial ownership: Enterprise risk management disclosure and financial performance on firm value. World Journal of Advanced Research and Reviews, 25 (2). pp. 1693-1703. ISSN 2581-9615

This study aims to obtain empirical evidence of the effect of Enterprise Risk Management disclosure and financial performance on firm value with managerial ownership as moderating. The sampling method used is purposive sampling with the object in the study being banking companies listed on the Indonesia Stock Exchange during the 2019-2023 period. This research is a quantitative study using secondary data with a sample used in this study of 43 banking companies. Data analysis was performed with Moderated Regression Analysis (MRA) through STATA. The results of the analysis show that Enterprise Risk Management disclosure and financial performance have a positive effect on firm value. This study also proves that managerial ownership can strengthen the positive influence between Enterprise Risk Management disclosure and financial performance on firm value.