PENGARUH MANAJEMEN RISIKO, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

The firm value can be recognized as market value since the value reflects on the stock price and investors wealth in massive. Based on external evaluation when the firm stock price have increased regularly, the firm values also become better. This happened since the evaluation is used as investment consideration according to company financial statement. The research aimed to examine, empirically, the effect of risk management, profitability, and firm size on the firm value. While, the sample was manufacturing companies which were listed on Indonesia Stock Exchange 2014-2017. Moreover, the data collection technique used purposive sampling in which there were 54 companies as sample. In addition, the data analysis technique used multiple linier regression with SPSS version 23. The research result concluded risk management had positive effect on the firm value. It meant, the management would be able to increase the company performance as it managed or prevent the risks. Moreover, profitability had positive effect on firm value as company performance was good in investing the company profit in the form of company asset. In addition, firm size had positive effect on the firm value. In other word, the higher the sales growth, the higher the equity and total asset.
Keywords: Risk Management, Profitability, Firm Size, Firm Value