The Effect of Cash Holding, Intangible Assets, and Leverage on Firm Value in Manufacturing Companies Listed on the Indonesia Stock Exchange for the 2020–2025 Period

Muhamad Rizky; Pipit Novila Sari; Maria Septijantini Alie

doi:10.63922/ijebir.v5i05.6411

Muhamad Rizky Management Program, Mitra Indonesia University
Pipit Novila Sari Management Program, Mitra Indonesia University
Maria Septijantini Alie Management Program, Mitra Indonesia University

DOI: https://doi.org/10.63922/ijebir.v5i05.6411

Keywords: Cash Holding, Firm Value, Intangible Assets, Leverage

Abstract

Firm value is an important indicator that reflects a company's performance, prospects, and investor confidence. This study aims to determine and analyze the effect of Cash Holding, Intangible Assets, and Leverage on Firm Value in manufacturing companies listed on the Indonesia Stock Exchange for the 2020–2025 period. This study used a quantitative method with a causal associative approach. The data used in this study were secondary data obtained from companies' annual financial statements. The population comprised of manufacturing companies listed on the Indonesia Stock Exchange. The sample included 10 companies selected using purposive sampling, resulting in 60 observations. The data were analyzed using multiple linear regression with the assistance of SPSS version 26. The results showed that Cash Holding had a positive and significant effect on Firm Value with a significance value of 0.014. Intangible Assets have a positive and significant effect on Firm Value with a significance value of 0.003. Meanwhile, Leverage had no significant effect on Firm Value with a significant value of 0.160. Simultaneously, Cash Holding, Intangible Assets, and Leverage have a significant effect on Firm Value with an F-value of 5.624 and a significant value of 0.002.

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