Implementasi Kebijakan Manajemen Risiko Terhadap Stabilitas dan Kinerja Keuangan Suatu Perusahaan

Author


Nabila Zahara(1Mail), Nanda Nurul Atika(2), Sekar Widyamada Pitaloka(3), Syavina Nadhira Lubis(4), Arsyadona A(5),
(1) Program Studi Manajemen, Fakultas Ekonomi Dan Bisnis, Universitas Islam Negeri Sumatera Utara, Indonesia,
(2) ,
(3) ,
(4) ,
(5) ,

Mail Corresponding Author
Article Analytic
  [File Size: 311KB]  Language: en
Available online: 2025-01-06  |  Published : 2025-01-06
Copyright (c) 2025 Nabila Zahara, Nanda Nurul Atika, Sekar Widyamada Pitaloka, Syavina Nadhira Lubis, Arsyadona A
Article can trace at:

Article Metrics

Abstract Views: 97 times PDF Downloaded: 45 times

Abstract


With the rapid development of the global economy in a company, of course, it will not avoid a risk. Risk is an adverse consequence caused by unforeseen circumstances, and is an uncertainty relating to prospective profits or losses. The purpose of this article is to gain an in-depth understanding of the effect of risk management policies on the stability and financial performance of the company. Which is where this research uses a literature study approach (library research) which focuses on theoretical analysis of various relevant literature sources. The results can be seen that the implementation of risk management policies in general makes a positive contribution to the stability and financial performance of the company. Despite the positive impact, there are challenges or obstacles in its implementation, including very complex costs, as well as regulations that are constantly changing. However, with the right strategies and steps the company can handle this and can minimize risk.


Keywords


Risk, risk management, implementation, stability, performance.

References


Firdaus, I. (2020). The Effect of DER, TATO, ROA and Share Price to PBV (Studies on the food and beverage industry on the Indonesia Stock Exchange period of 20122018). Dinasti International Journal of Digital Business Management, 1(2), 210-223.

Sleimi, M. (2020). Effects of risk management practices on banks' performance: An empirical study of the Jordanian banks. Management Science Letters, 10(2), 489-496.

Hoyt, R. E., & Liebenberg, A. P. (2011). The value of enterprise risk management. Journal of risk and insurance, 78(4), 795-822.

Nocco, B. W., & Stulz, R. M. (2006). Enterprise risk management: Theory and practice. Journal of applied corporate finance, 18(4), 8-20.

Hasanah, U., & Mahya, J. (2023). Memahami Manajemen Risiko Serta Landasan Hukum Dalam Agama. NATUJA: Jurnal Ekonomi Syariah, 2(2), 066-079.

Linsley, P. M., & Shrives, P. J. (2006). Risk reporting: A study of risk disclosures in the annual reports of UK companies. The British Accounting Review, 38(4), 387-404.

Mardiana, Endah, P., & Dianata, A. W. M. (2019). The effect of risk management on firm financial performance with good corporate governance as a moderation variable. Management and Economics J, 2(3), 257268.

Brigham, E. F., & Houston, J. F. (2015). Fundamentals of Financial Management. Cengage Learning.

Kaplan, R. S., & Mikes, A. (2012). Managing Risks: A New Framework. Harvard Business Review.

Simons, R. (2000). Performance Measurement & Control Systems for Implementing Strategy. Prentice Hall.

Andersen, T. J., & Schrder, P. W. (2010). Strategic Risk Management Practice: How to Deal Effectively with Major Corporate Exposures. Cambridge University Press.

Lam, J. (2014). Enterprise Risk Management: From Incentives to Controls. Wiley.

Froot, K. A., Scharfstein, D. S., & Stein, J. C. (1993). Risk Management: Coordinating Corporate Investment and Financing Policies. The Journal of Finance, 48(5), 16291658.

COSO. (2017). Enterprise Risk ManagementIntegrating with Strategy and Performance. Committee of Sponsoring Organizations of the Treadway Commission.

Beasley, M. S., Branson, B. C., & Hancock, B. V. (2010). Developing Key Risk Indicators to Strengthen Enterprise Risk Management. COSO.

Stulz, R. M. (2014). Rethinking Risk Management. Journal of Applied Corporate Finance, 9(3), 8-24.


Refbacks

  • There are currently no refbacks.

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.