Pengaruh Big Data Analytics dan Cash Flow terhadap Firm Risk

Siti Qori'ah, Erni Masdupi

Abstract


Studi ini bertujuan untuk menguji dampak Big Data Analytics (BDA) dan Cash Flow terhadap firm risk dengan variabel kontrol yang meliputi firm size, firm age, dan leverage. Menggunakan pendekatan kuantitatif eksplanatori, penelitian ini menganalisis data panel dengan populasi berupa perusahaan di sektor barang konsumen primer dan non-primer yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2020–2024. Pengukuran variabel BDA dilakukan secara sistematis melalui content analysis pada laporan tahunan, sedangkan firm risk diukur menggunakan standar deviasi dari return harian saham perusahaan. Estimasi parameter dalam penelitian ini diuji menggunakan regresi data panel dengan pendekatan Fixed Effect Model (FEM) berbantuan perangkat lunak Eviews 12. Hasil pengujian empiris menunjukkan bahwa adopsi Big Data Analytics (BDA) tidak memiliki pengaruh signifikan terhadap firm risk. Sebaliknya, Cash Flow terbukti memiliki pengaruh negatif yang signifikan terhadap firm risk. Temuan ini menegaskan bahwa bagi perusahaan di sektor barang konsumen, stabilitas dan kecukupan arus kas internal memegang peran yang jauh lebih krusial dalam meminimalisasi eksposur serta volatilitas risiko pasar dibandingkan dengan tingkat penerapan teknologi analitik data.

Keywords


Big Data Analytics, Cash Flow, Firm Age, Firm Risk Firm Size, and Leverage

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References


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DOI: https://doi.org/10.17509/ijdb.v5i4.102273

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