The study was to investigate the effect of the health level of banking companies using the RGEC method, namely to analyze the effect of Risk Profile estimated by Non-Performing Loans, Good Corporate Governance estimated by self-assessment values, Earnings estimated by Return on Assets and Capital estimated by Capital Adequacy Ratio to firm value derived from Tobin's Q value in banking companies indexed by SRI-KEHATI during the 2012-2021 period. The research used descriptive verification method. The research sample consists of 4 (four) banking companies selected using purposive sampling technique. This study uses panel data regression which is processed with Eviews 9.0 software to determine the effect of each independent variable on firm value. The results of this study indicate that Good Corporate Governance, Earnings and Capital have a significant influence on firm value. While the Risk Profile has no influence on firm value. The results of this study have implications for the development of financial management science, especially providing additional knowledge regarding the effect of the SRI-KEHATI indexed bank’s health level on its firm value.Keywords: Bank Health Level, Firm Value, RGEC Method, SRI-KEHATI Index
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