Firm value: Analysis of capital structure, capital intensity, and cash holding in transportation and logistics listed companies

M Agung Masyhur; Kemas Muhammad Husni Thamrin

doi:10.21744/ijbem.v8n3.2419

Authors

M Agung Masyhur
m.agungmasyhur@gmail.com
Universitas Sriwijaya, South Sumatera, Indonesia
Kemas Muhammad Husni Thamrin Universitas Sriwijaya, South Sumatera, Indonesia

Keywords:

Firm Value, Capital Structure, Capital Intensity, Cash Holding, Transportation and Logistics Listed Companies

Abstract

This study aims to provide empirical evidence by analyzing the influence of capital structure, capital intensity, and cash holding on firm value in transportation and logistics companies listed on the Indonesia Stock Exchange during the 2020 2024 period. The variables examined in this study include capital structure, capital intensity, cash holding, and firm value. Data were collected through documentation and literature studies. The study population consisted of 60 transportation and logistics companies that were previously or are currently listed on the Indonesia Stock Exchange during the 2020–2024 period. The sample was determined using purposive sampling, resulting in 17 transportation and logistics companies with 85 observations over five years. Panel data regression analysis was employed with the assistance of STATA 17 software. The results indicate that, partially, capital structure has a significant negative effect on firm value, capital intensity has no significant effect on firm value, and cash holding has a significant positive effect on firm value.

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