This study examines the effect of debt policy, good corporate governance, and cash holding on firm value. This study employs a quantitative method using secondary data in financial information on companies in the consumer goods sector listed on the Indonesia Stock Exchange from 2015 to 2018. Data were obtained from www.idx.co.id, www.finance.yahoo.com, and the companies official website. Based on purposive sampling, the total sample used in this study amounted to 128 observations. Data testing was performed by multiple linear analysis with panel data. This study concludes that debt policy and good corporate governance do not affect firm value, while cash holding has a negative effect on firm value. This study indicates that the financial services authorities, as capital market supervisors, need to monitor the implementation of good corporate governance as a form of investor protection in Indonesia.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.