Rethinking Financial Flexibility and Market Valuation: Evidence from ASEAN Manufacturing Companies
This study examines the effects of financial flexibility, represented by the Current Ratio (CR), Debt-to-Equity Ratio (DER), and Net Cash Flow from Operating Activities (CFO), on market valuation, measured by the Enterprise Value-to-Revenue (EV/Revenue) ratio, among manufacturing firms in ASEAN countries. It also inves...