Analysis of Factors that Influence the Disclosure of Enterprise Risk Management (Empirical Study on Industrial Companies Listed on the Indonesia Stock Exchange for the Period 2021-2023)
Abstract
This study aims to analyze the factors that influence the disclosure of Enterprise Risk Management in industrial companies listed on the Indonesia Stock Exchange (IDX) during the 2021-2023 period. Sampling in this study was carried out using a purposive sampling method, so a sample of 25 companies was obtained for each year. So that the total sample used in this study was 75 company samples and 5 samples were outliers, so that the sample that met the criteria was 70 samples. The factors in this study include profitability, leverage, board size, independent commissioners, and risk management committees. The analysis technique used is multiple linear regression. The results of this study indicate that of the five factors analyzed, three variables affect the disclosure of enterprise risk management, namely, the size of the board of commissioners, independent commissioners, and risk management committee, while the variables of profitability and leverage have no effect on the disclosure of enterprise risk management. Suggestions for future research can expand the object of research, for example on all companies listed on the IDX, conventional banking companies, Islamic banking companies, and others, and can extend the research period, and can be considered other variables that also affect the disclosure of enterprise risk management such as the presence of Chief Risk Officer (CRO), audit committee expertise, and ownership structure.
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