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Tzu-Pu Chang

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Open access 2026

Cash as a Strategic Buffer: Mitigating the Impact of Geopolitical Risk on Firm Performance in Indonesia

Purpose: This study investigates the impact of geopolitical risk (GPR) on firms’ financial performance and evaluates the extent to which internal liquidity serves as a buffer against geopolitical uncertainty. In particular, it explores the moderating effects of net changes in cash, operating cash flow, investing cash f...

Gunadi Laksono, Tzu-Pu Chang · 0 citations

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