PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN ENTERPRISE RISK MANAGEMENT SEBAGAI VARIABEL INTERVENING

The objective of this study is to examine the effect of good corporate
governance (GCG) to the value of the firm through enterprise risk management
(ERM) as an intervening variable. The sample in this study are listed banking
companies in Indonesia Stock Exchange in period 2007-2010. The data used in
this study is secondary data obtained from the financial data in www.idx.com
website. The number of samples in this study are 20 companies. Data analysis was
performed with path analysis using SPSS version 16.0.
The test results show the hypothesis that the auditor's reputation has positive
significant effect on ERM. However indepedent commissioners, the board of
directors and audit committees did not affect significantly to the ERM. Other
results show that the ERM significant positive effect on firm value. While the
independent commissioners, the board of directors, audit committees and auditor
reputation have no significant effect on firm value. However, this study could not
prove the ERM as an intervening variable between good corporate governance
and firm value.