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Open access
Aug 2026
Does CEO ownership reduce corporate cash holdings? The moderating role of firm characteristics in an emerging market
Type of the article: Research ArticleAbstractThe worldwide rise in corporate cash reserves, particularly across emerging markets with weak investor protection and concentrated ownership, has made the governance of corporate liquidity an increasingly important research question. This study examines whether CEO ownership...
H. Phan
· Investment Management & Fina... · 0 citations
Open access
Sep 2026
Capital Structure Determinants and the Over-versus Under-Leveraged Divide: Evidence from Intangible-Intensive Industries in Indonesia
Purpose – This study examines how tangible investment, intangible assets (proxied by acquisition goodwill), cash holdings, and economic conditions shape capital structure among intangible-intensive, non-banking Indonesian firms, testing whether the Pecking Order Hypothesis (POH) or Trade-off Theory (TOT) better explain...
Said Kelana Asnawi, Filbert Ferdinand
· Indonesian Journal of Taxati... · 0 citations
Open access
Aug 2026
Liquidity Management and Firm Performance: The Roles of Working Capital and Cash Intensity in Indonesian Consumer Cyclicals Companies
Maintaining strong financial performance has become increasingly challenging for firms amid inflationary pressures, supply chain disruptions, and volatile consumer demand, making efficient liquidity management an important determinant of corporate profitability. This study examines the influence of Working Capital Mana...
Rizal Indra Tjahya, A. Rahmi
· Jurnal Ekonomika Dan Bisnis... · 0 citations
Open access
Aug 2026
Asset turnover and firm value in Indonesian telecommunications: Panel evidence and robustness tests in 2021-2024
This study re-examines the association between total asset turnover and firm value in Indonesian telecommunications after accounting for the panel structure, business-model heterogeneity, leverage, outliers, and temporal ordering. The revision replaces the complete-case design with an unbalanced panel covering 20 of th...
Arrohmah Qurniawati Husna Putri, Nisfu Fhitri
· Priviet Social Sciences Jour... · 0 citations
Open access
2026
Does Cash Holdings Influence the Firm Value of Philippine Public Companies Under the Industrial Sector: Evidence from Panel Data
This study examines the relationship between cash holdings and the firm value of Philippine Publicly Listed Companies (PLCs) in the Industrial Sector, with a focus on the liquidity and profitability dimensions of firm performance. Cash holdings play a crucial role in both business survival and growth; as a result, orga...
April Cao, Jomar B. De Jesus, Cindy Grace S. Pramis et al.
· International journal of res... · 0 citations
Corporate cash holdings and firm performance: the role of family onwership and analyst coverage in Thai listed firms
This study examines the determinants of corporate cash holdings and their implications for firm performance among non-financial firms listed on the Stock Exchange of Thailand over the period 2017 to 2024, with particular attention to the roles of family ownership and analyst coverage.The findings show that firm-specifi...
Punchita Rukmaneewong
· 0 citations