THE EFFECT OF ENTERPRISE RISK MANAGEMENT AND INTELLECTUAL CAPITAL ON FIRM VALUE WITH FINANCIAL PERFORMANCE AS A CONTROL VARIABLE IN THE MINING SECTOR

Abstract

This research is based on the problems in the mining sector which have a high risk of fraud practices due to operational complexity and resource management involving large economic values. This study aims to analyze the effect of Enterprise Risk Management and Intellectual Capital with Financial Performance as a control variable on firm value both partially and simultaneously. The sample in this study amounted to 10 mining sector companies listed on the Indonesia Stock Exchange in the 2019-2023 period with the sampling technique, purposive sampling. The results of multiple linear regression analysis tests show that (1) Enterprise Risk Management, Capital Employed, Human Capital, and Structural Capital partially affect Firm Value (2) Enterprise Risk Management and Intellectual Capital simultaneously affect Firm Value.