Effect of good corporate governance, enterprise risk management, and financial distress on company value

Abstract

Banking companies have undergone many changes in the past few decades with structural and technological improvements to be able to face the challenges that will come. In recent years, the value of companies in the banking sector on the Indonesia Stock Exchange (IDX) and on The Stock Exchange of Thailand (SET) has experienced a fluctuating cycle caused by anomalous conditions, namely the occurrence of a pandemic that affects financial conditions throughout the world excluding Indonesia and Thailand. The purpose of this study was to see the effect of good corporate governance, enterprise risk management and financial distress on firm value. The sample used in this study is the financial statements of companies listed on the Indonesia Stock Exchange (IDX) and The Stock Exchange of Thailand (SET). The technique of determining the sample is using the non-participant observation method with a total sample of 45 banking companies on the IDX and 11 banking companies in SET. The data analysis technique used panel data regression.