FINANCIAL DISTRESS, DIVIDEND POLICY, RGEC AND EARNING PER SHARE

Abstract

This study aims to examine and analyze the effect of Financial Distress, Dividend Policy and RGEC
on Firm Value with EPS as the intervening variable. This research is explanatory in nature and
employs a quantitative descriptive method. The data utilized was gathered from the annual financial
reports of commercial banks in Indonesia from 2012 to 2018, with a sample size of 23 bank. The
collected data was then analyzed using SEM (Structural Equation Model) and the PLS3 Program.
According to the findings of this study, Financial Distress has no influence on firm value or Earnings
per share (EPS). The dividend policy and the RGEC have a major impact on EPS. Firm Value is
significantly influenced by RGEC and EPS. The connection between Dividend Policy and RGEC
on Firm Value can be mediated through EPS. Meanwhile, the EPS variable cannot mediate the
influence of Financial Distress on Firm Value.