THE RELATIONSHIP BETWEEN TOP FEMALE EXECUTIVES AND CORPORATE CASH HOLDINGS INSIGHT FROM CONSUMER PRODUCTS COMPANIES ON THE STOCK EXCHANGE OF THAILAND
Keywords:
Female Executive, Cash Holding, Stock Exchange of ThailandAbstract
This research aimed to examine the relationship between female executives and corporate cash holding of 40 consumer goods companies listed on the Stock Exchange of Thailand (SET) from 2019 to 2021. The study was conducted by studying female executives based on three factors: female executives (GEND1), number of female executives (GEND2), and the proportion of female executives on the board of management (GEND3). Cash holding was measured by cash equivalents to total assets (CH), and analyzed by descriptive statistics and inferential statistics.
The results showed that there was a significant positive correlation between the number of female executives (GEND2) and cash holdings in consumer goods companies listed on the Stock Exchange of Thailand. Thus, are positively associated with a higher level of corporate cash holdings in anticipation of potential risks in the future, and provide insights to financial decision-makers of a company for better cash management according to the economic conditions and national economic conditions.
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