The Effect of Risk Management, Intellectual Capital and Management Structure on Sustainability Performance
1Indawati, 2Holiawati, 3Endang Ruhiyat
1,2,3Pamulang University
https://doi.org/10.47191/jefms/v7-i2-57ABSTRACT:
This study aims to test and analyse the effect of Risk Management, Intellectual Capital and Management Structure on Sustainability Performance in industrial companies listed on the Indonesia Stock Exchange from 2017 to 2021. This type of research is quantitative, using secondary data. Data analysis method panel data regression test using Microsoft Excel and Eviews 9 applications. The population in this study were all industrial sectors. The data collection technique in this study was purposive sampling technique, from 50 research populations to 35 used as research samples. The results showed that Risk Management, Intellectual Capital and Management Structure simultaneously affect sustainability performance in industrial companies from 2017 to 2021. The research results obtained Risk Management affects Sustainability Performance, Intellectual Capital has no effect on Sustainability Performance, and Management Structure affects Sustainability Performance.
KEYWORDS:
Risk Management, Intellectual Capital, Management Structure; Sustainability Performance
REFERENCES:
1) Alma Diva Nabila (2019) Pengaruh Intellectual Capital Terhadap Kinerja Perusahaan yang Terdaftar di BEI data from companies registered in LQ45 index betweenTahun 2017-2019. http://bogan.dyson.cornell.edu/doc/ research/rest_a_ 00223(6).pdf
2) Agustia, D., Asyik, N. F., & Midiantari, N. (2021). Intellectual Capital Terhadap Financial Performance Dan Sustainable Growth. EKUITAS (Jurnal Ekonomi Dan Keuangan), 5(2), 159–179. https://doi.org/10.24034/j25485024.y2021.v5.i2.4744
3) Anggraeni, D.Y., dan Djakman, C.D. 2017. Slack Resources, Feminisme Dewan dan Kualitas Pengungkapan Tanggung Jawab Sosial Perusahaan. Jurnal Akuntansi dan Keaungan Indonesia 14 (1):94-118.
4) Atkinson, A. A., J. H. Waterhouse & R. B. Wells. (1997). "A Stakeholder Approach to Strategic Performance Measurement." Sloan Management Review Spring: 25-37
5) Putri, M. A. (2023). Pengaruh Budaya Keuangan, Manajemen Risiko, Dan Inovasi Organisasi Terhadap Kinerja Organisasi Dengan Ketahanan Organisasi Sebagai Variabel Mediasi (Studi Kasus Sekolah Tinggi Swasta Di Wilayah Lldikti Iii) (Doctoral Dissertation, Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta).
6) Barton, T.L., Shenkir, W.G., Walker, P.L. ( 2002). Making Enterprise Risk Management Pay Off: How Leading Companies Implement Risk Management. Financial Times/Prentice Hall PTR., Upper Saddle River, NJ.
7) Bary dan Bouma. (2009). Mengapa Bisnis Perlu Menerapkan Sustainability. (www.painternational.org), diakses 21 November 2012
8) Bertinetti, G. S., Cavezzali, E., & Gardenal, G. (2013). The Effect of The Enterprise Risk Management Implementation On The Firm Value of European Companies.Working Paper Series n.10
9) Bisnis.com, JAKARTA. https://ekonomi.bisnis.com/read/20180331/257/778398/sektor-industri-masih-hadapi-banyak-permasalahan-struktural
10) Claudia (2011), Tesis. Pengaruh Panerapan Enterprise Risk Management Terhadap Kinerja Non Performing Loan dan Harga Saham di Bank Mandiri.
11) COSO, (2004). Enterprise Risk Management. Integrated Framework The Committe Of Sponsoring Organizations Of the Treadway Commission.
12) Denia Ratna Sari, Dwi Cahyono, Astrid Maharani (2018). Pengaruh Ukuran Dewan Komisaris Dan Risk Management Committee Terhadap Pengungkapan Enterprise Risk Management.
13) Dewa Ayu Sri Swasti Putri Wiryani, Tesis (2020) Tesis. Pengaruh Profitabilitas dan Feminisme Dewan Direksi Terhadap Corporate Sustainability Performance dengan Komisaris Independen sebagai Pemoderasi.
14) Ella Budiarti, Chorry Sulistyowati, Struktur Kepemilikan Dan Struktur Dewan Perusahaan, Jurnal Manajemen Teori dan Terapan, Tahun 7. No. 3, Desember 2014
15) Goman,Daromes, Tangke (2021). Interaction Effect Of Sustainability Reporting And Enterprise Risk Management On Business Performance. Indonesian Journal of Accounting and Governance ISSN : 2579-7573 Vol. 5, No. 1, June 2021 E-ISSN : 2715-5102. https://doi.org/10.36766/ijag.v5i1.187
16) Gordon, L. A., Loeb, M. P., & Tseng, C. Y. (2009). Enterprise risk management and firm performance: A contingency perspective. Journal of accounting and public policy, 28(4), 301-327.
17) Hanafi, Mamduh. (2012), “Manajemen Risiko”, Edisi Kedua. Yogyakarta: UPP STIM YKPN.
18) Hesty Erviani Zulaecha, Yuswar Z. Basri, Yvonne Augustine, Susi Dwi Mulyani, The effect of sustainability management practice, enterprise risk management, and business strategies on integrated sustainability performance with intellectual capital as a moderating variable, Technium Social Sciences Journal Vol. 23, 401-414, September, 2021, ISSN: 2668-7798, www.techniumscience.com
19) Holiawati, Murwaningsari, Mayangsari (2020). Risk Management, Corporate Governance And Corporate Sustainability Performance South East Asia Journal of Contemporary Business, Economics and Law, Vol. 21, Issue 5 (April) ISSN 2289-1560 South East Asia
20) Irma Paramita Sofia (2021). Company Sustainability, Enterprise Risk Management, Innovation, And Intellectual Capital Efficiency: Evidence From Indonesia. International Journal of Business, Economics and Law, Vol. 24, Issue 2 (April) ISSN 2289-1552.
21) Johanna Andersson dan Alena Zbirenko, Thesis (2014). Effect of organizational structure, leadership and communication on efficiency and productivity Spring semester2014 Bachelor thesis, 15 hp. http://www.diva-portal.org/smash/get/diva2:735889/FULLTEXT01.pdf
22) Ken Auva Maulida (2011). Faktor- Faktor Yang Mempengaruhi Pengungkapan Sustainability Performance. Universitas Brawijaya.Malang.
23) Kusnadi, D. (2017). Pengambilan keputusan dalam perilaku organisasi. Jurnal Ilmiah Universitas Batanghari Jambi, 15(2), 52-62.
24) Linda Agustina (2016). The Relationship Between Enterprise Risk Management (ERM) And Firm Value Mediated Through The Financial Performance. Faculty of Economics, Semarang State University (UNNES) . Semarang, Indonesia. Integrative Business and Economics Research, Vol. 5, no. 1, pp.128-138, January 2016.
25) https://www.researchgate.net/profile/Ni-Sinarwati
26) Ma’arif, M. (2018). PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA PERUSAHAAN (Studi Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia pada Tahun 2014-2016) (Doctoral dissertation, UNIVERSITAS MUHAMMADIYAH GRESIK).
27) Nedia, U. D. (2017). Pengaruh Tingkat Pengungkapan Sustainability Report Terhadap Tingkat Pengungkapan Intellectual Capital Dalam Sustainability Report (Studi Empiris Pada Perusahaan Non-Keuangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2013-2015).
28) Nguyen Thi Lan Huong, Shah Fahad, Nguyen Hoang An, Hoang Thi Huong (2019) Impact of COVID-19 on Small Business Households: A Case Study of Thanh Hoa and Tuyen Quang Provinces, Vietnam. https://js.vnu.edu.vn/EAB/article/view/4702
29) Ong, J. O., & Mahazan, M. (2020). Strategi pengelolaan sdm dalam peningkatan kinerja perusahaan berkelanjutan di era industri 4.0. Business Economic, Communication, and Social Sciences Journal (BECOSS), 2(1), 159-168.
30) Rizqiah, E. (2017). Manajemen Risiko Supply Chain dengan Mempertimbangkan Kepentingan Stakeholder Pada Industri Gula. Surabaya: Institut Teknologi Sepuluh Nopember.3
31) Samuel Touboul, Tesis (2015). The strategic value of sustainability and its disclosure :Three essays on the Impact of Sustainability Performance, Disclosure & Reputation on Firms’ Financial Performance. https://pastel.archives-ouvertes.fr/tel-01246698
32) Sanna-Lena Bäckström Jenny Karlsson (2015). Corporate Sustainability and Financial Performance - The influence of board diversity in a Swedish context Master’s Thesis 30 credits Department of Business Studies Uppsala University Spring Semester of 2015 Date of Submission: 2015-05-29
33) Septiani, E., HOLIAWATI, H., & RUHIYAT, E. (2019). Environmental Performance, Intellectual Capital, Praktik Penghindaran Pajak dan Nilai Perusahaan. Jurnal Bisnis Dan Akuntansi, 21(1), 61-70.
34) Sinambela, E. A., Rachmawati, E., Febriyanti, E. A., & Joenarni, E. (2021). Pengaruh Struktur Kepemilikan dan Kualitas Audit Terhadap Kinerja Perusahaan. Journal of Trends Economics and Accounting Research, 1(4), 123-128.
35) Suyamto (2007). Pengaruh struktur kepemilikan manajemen dan kepemilikan eksternal terhadap struktur modal pada perusahaan yang terdaftar di Bursa Efek Jakarta
36) Svetla Trifonova Marinova (2016). The Impact of Risk Governance on Financial Stability.
37) Stewart, T. A. 2013. Intellectual Capital. Q Finance: 1-4.
38) Thariza Amartya, 2022 Pengaruh Penerapan Good Corporate Governance Terhadap Kinerja Keuangan Perusahaan Pada Masa Pandemi Covid-19 (Studi Kasus Pada Perusahaan Manufaktur Sektor Barang Dan Konsumsi Yang Terdaftar Di Bei Periode 2020-2021), Universitas Pendidikan Indonesia | repository.upi.edu |perpustakaan.upi.edu
39) Tosca Nini Claudia, Tesis (2011). Pengaruh Penerapan Enreprise Risk Management Terhadap Kinerja Non Performing Loan dan Harga Saham di Bank Mandiri.
40) Ulum. 2009. Intellectual Capital Konsep dan Kajian Empiris. Pertama. Yogyakarta: Graha Ilmu.
41) UNDANG-UNDANG Republik Indonesia Nomor 40 Tahun 2007 Tentang Perseroan Terbatas
42) Perindustrian BAB 11 https://eprints.ums.ac.id/79433/12/BAB%20II%20R.pdf
43) Pugh, D.S., Hickson, D.J., Hinings, C.R., & Turner, C. (1969). Dimensions of Organizational Structure.Administrative Science Quarterly, 13 (1), 65-105.
44) Warhust, A. 2002. Sustainability Indicators and Sustainability Performance Management. Mining, Minerals and Sustainable Development. University of Warwick, UK.
45) Yohanes Mardinata Rusli (2020). Pengaruh Political Connection, Compensation Executive, Dan Sales Growth Terhadap Tax Management Pada Perusahaan Yang Terdaftar Di Indonesia Stock Exchange. Jurnal Lentera Akuntansi P-ISSN 2339-2991 Volume 5 Nomor 1, Mei 2020 E-ISSN 2745-6978.
46) Zulaecha, Basri Augustine,Mulyani (2021) The effect of sustainability management practice, enterprise risk management, and business strategies on integrated sustainability performance with intellectual capital as a moderating variable Technium Sosial Sciences Journal Vol.223,401-414 ISSN:2668-7798
47) https://www.ojk.go.id/sustainable-finance/id/peraturan/undang-undang/Documents/5.%20UU-40-2007%20PERSEROAN%20TERBATAS.pdf
48) https://dmc-indonesia.com/kinerja-keberlanjutan-dalam-laporan-keberlanjutan-apa-maksudnya/ Kinerja keberlanjutan dikonseptualisasikan sebagai hasil dari pengelolaan keberlanjutan (bab 1)
49) https://assets.kpmg/content/dam/kpmg/xx/pdf/2017/10/kpmg-survey-of-corporate-responsibility-reporting-2017.pdf SURVEI CR 2017
50) The KPMG Survey of Corporate Responsibility Reporting 2017.2018.2019-2020
51) The KPMG Survey of Corporate SUSTAINABILITY PERFORMANCE 2020
52) https://www.bps.go.id/indicator/8/204/1/volume-migas-nonmigas-.html
53) ( https://www.menlhk.go.id/site/download).