The Effect of Bank Health Level and Corporate Social Responsibility on Firm Value of Banking Companies Listed on the Indonesia Stock Exchange for the 2023-2024
Keywords:
RGEC; Corporate Social Responsibility; Firm ValueAbstract
This study examines whether Bank Health Level and Corporate Social Responsibility (CSR) influence the firm value of banking institutional listed on the Indonesia Stock Exchange during 2023-2024 period. Firm value is represented by PBV, while the independent variables are measured using RGEC indicators and the GRI-G4 disclosure index. Secondary data from annual report were analyzed using purposive sampling. The empirical findings indicate that the both the Bank Health Level and CSR disclosure fail to demonstrate a statistically effect on firm value. Additional observations highlight that CSR activities most frequently carried out by banks fall within the social category; however, these initiatives also do not contribute meaningfully to increasing firm value. The research contributes to the practical implications of how CSR should be implemented and reported across different activities in order to generate credible signals for investors and, in turn, increase firm value.
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