Meta-Analysis Of Financial Risk Management Practices In Different

This study aims to analyze financial risk management practices in various industries through meta-analysis. Financial risk management is an important aspect for companies to ensure financial stability and achieve strategic goals. This research is a type of quantitative research with meta-analysis methods. The source of data in this study comes from the analysis of 12 national and international journals indexed by Scopus and SINTA. Search data sources with google scholar; ScienceDirect, Mendeley and Wiley. Data selection method with PRISMA 2020. The eligibility criterion in this study is that the research must be relevant; Data comes from national and international journals published in 2021-2024; Data must have a complete effect size value and the journal must be open access. Data analysis by calculating the effect size value with the help of the SAP application. The results of the study concluded that there was a positive influence of risk management on the industry with an effect size value of 0.953; P < 0.001 with high effect size category. These findings can help companies to improve the effectiveness of their financial risk management practices and achieve their strategic goals.