ผลกระทบจากเงินเฟ้อ การแข่งขันทางอุตสาหกรรม และลักษณะการดำเนินงานของธุรกิจที่มีต่อการถือครองเงินสดของกิจการที่จดทะเบียนในตลาดหลักทรัพย์แห่งประเทศไทย

Abstract

The objective of this independent study is to study the effects of inflationary changes, Industry Competition and Business Operations Characteristics on Cash Holdings of Listed Companies in The Stock Exchange of Thailand between 2010 - 2018. The total amount of data used in the study are 2,219 samples which using a fixed multiple regression analysis effects from the results of the study. It was found that Changing inflation affects an entity's cash holdings in the opposite direction - statistically significant. The study also found that the operational cycle significantly influenced the entity's cash holdings in the same direction. At the same time, the results of this study found that the relationship between changes in inflation and the operating cycle had a statistically significant opposite effect on the entity's cash holdings. It was found that the life cycle of the business had a statistically significant effect on the cash holding of the entity. As for the index measuring the intensity of competition in the industry, the hypothesis testing found that there was no statistically significant effect on the cash holding of the entity.