PENGARUH MANAJEMEN RISIKO DAN GCG TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI PEMEDIASI

Abstract

This research is aimed to examine empirical evidences about some factors which give influence to the firm value on banking companies which are listed in Indonesia Stock Exchange in 2012-2016 periods. Some factors which have been used in this research, firstly, risk management which consists of Non-Performing Loan (NPL), Net Interest Margin (NIM), Loan to Deposit Ratio (LDR), Operating Expenses to Operating Income (BOPO), Good Corporate Governance (GCG) and profitability as the mediation variable. The samples are banking sector companies which are listed in Indonesia Stock Exchange (IDX) in 2012-2016 periods. The sample collection technique has been done by using purposive sampling. The analysis method has been conducted by using multiple regressions analysis and path analysis. The result shows that the NPL gives negative influence to the profitablity and firm value. The NIM gives positive influence to the profitability and firm value. The LDR does not give any influence to the profitability on the contrary it gives positive influence to the firm value. The BOPO gives negative influence to the profitability and firm value. The GCG does not does not give any influence to the profitability on the contrary it gives positive influence to the firm value. Profitability gives positive influence to the firm value. Profitability can mediate the influence of risk management to the firm value, but it cannot mediate the influence of GCG to the firm value.
Keywords: Risk management, Good Corporate Governance, Profitability, Firm Value