Texts
Enterprise Risk Management and Corporate Governance Effect Towards Sustainability and Performance Moderated by Market Crash
ABSTRACT
The covid-19 crisis has caused a big impact on the global economy that also instantly triggered an impact on stock market stability, forcing companies to adapt to the uncertainty of economic conditions to survive. Normally, the implementation of enterprise risk management (ERM), corporate governance (CG), and sustainability can support companies to improve or maintain their performance. Amidst the turmoil of the crisis, companies were also faced with stock market crash risk. This study aims to analyze the effect of ERM, CG, and sustainability on performance moderated by market crashes in companies listed on the LQ45 Index Indonesia Stock Exchange (IDX) during the 2020 period when the composite stock price index (IHSG) crashed. Samples used in this study were 33 companies, which were analyzed by descriptive analysis and Partial Least Square (PLS) with secondary data. The findings suggest that ERM and CG have a significant impact on sustainability, and also have an insignificant impact on performance. Furthermore, sustainability has a significant impact on performance, and market crash has a moderating impact that improves the impact of ERM on performance.
Keywords: ERM; corporate governance; sustainability; performance; crash
20242170 | P 658,1 KUS e 2024 K1 | Fadel Muhammad Resource Center (Ilmu Terapan) | Tersedia namun tidak untuk dipinjamkan - No Loan |
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