Salwa Maharani. The Effect of Cash Holdings, Capital Expenditures and Dividend Policy on ASX 50 Firm Value. Supervised by Mrs. Yana Ulfah. This study examines the effect of cash holdings, capital expenditures, and dividend policy on the value of ASX 50 index companies listed on the Australian Securities Exchange for 2020-2023. The S&P/ASX 50 is a stock market index that represents the 50 most significant and most liquid stocks listed on the ASX. This study uses the financial statements of ASX 50 companies for four years, from 2020 to 2023. The sample was chosen using purposive sampling, and a sample of 31 companies was obtained with a total of 124 observed data. This study's data type is secondary data obtained through www.asx.com.au. The analysis shows that cash holdings significantly positively affect firm value, while capital expenditures and dividend policy have no effect on firm value.