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November 9, 2025Journal Research of Social Science Economics and ManagementOpen Access

The Role of Cash Holding, Good Corporate Governance, Sales Growth, and Working Capital Turnover on Company Value: Empirical Evidence from the Basic Materials Sector on the Indonesia Stock Exchange

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Authors

SCSisca ContesaTCTheresia Contesa

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Overview

Observational analysis shows firm value relates to governance and growth in basic materials, suggesting capital market factors need exploration.

Key Points

  • Firm value appears influenced by good corporate governance and sales growth, yet results show limited impact.
  • The analysis covered 26 firms from the basic materials sector, assessing firm performance on the Indonesia Stock Exchange.
  • Employing multiple linear regression for data analysis, results indicate cash holding had a negligible effect on firm value.
  • The findings suggest internal corporate factors have not fully clarified market valuation variations in the capital market.

Cite This Study

Contesa et al. (2025) studied this question.

synapsesocial.com/papers/690fdcdaf60c54d04ea38279https://doi.org/10.59141/jrssem.v5i4.1162
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