The Effect of Enterprise Risk Management, Cash Holding, and Dividend Policy on Financial Performance and Firm Value
Pengaruh Enterprise Risk Management, Cash Holding, dan Kebijakan Dividen terhadap Kinerja Keuangan dan Nilai Perusahaan
DOI:
https://doi.org/10.21070/ups.8016Keywords:
Enterprise Risk Management, Cash Holding, Dividend Policy, Financial Performance, Firm ValueAbstract
This study aims to determine the effect of enterprise risk management, cash holding, and dividend policy on financial performance and firm value. The sample selection used purposive sampling technique in non-cyclical consumer sector companies listed on the Indonesia Stock Exchange for the period 2021 - 2023 so that 41 companies were obtained. This study uses quantitative methods with multiple linear regression analysis techniques through SPSS. The results showed that enterprise risk management has a positive effect on financial performance, cash holding has a positive effect on financial performance, dividend policy has a positive effect on financial performance, enterprise risk management has a positive effect on firm value, cash holding has a positive effect on firm value, dividend policy has a positive effect on firm value. The implications of this research are expected to provide useful information for companies regarding factors that can affect financial performance and firm value.
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