The Determinants of Insurance Firm Value with Enterprise Risk Management (ERM) as Intervening Variabel

This study aims to examine and analyze the ability of ERM (enterprise risk management) mediate influence firm size, leverage, profitability, institutional ownership on value insurance sub-sector listed Indonesia Stock Exchange for period 2015-2019. used 12 samples from 16 companies IDX in 2020 that met criteria purposive sampling. The data were processed using a path analysis approach. results research show size has significant positive effect ERM, DER ROA negative found have no ERM. Meanwhile, value, while value. Using Sobel Test it was as an intervening variable unable DER, ROA,