Cash Management and the Effectiveness of Companies in Thailand
Keywords:
Cash Management, Effectiveness, Cash flowAbstract
This research aims to investigate a relationship between cash management and the effectiveness of companies in Thailand by employing correlation study method. 478 companies registered in the stock exchange of Thailand were the samples of this study and the data collection was their financial statements. The data was analyzed by correlation and multiple regression. The results revealed that cash flow management of the companies belong to SET ESG Ratings on Cash Flow from Operation (CFO) and Cash Flow from Investment (CFI) did not show relationship with the effectiveness on company’s performance on Return of Assets (ROA), Return of Equity (ROE) and Net Profit Margin (NPM). Besides, the results also showed that Cash Flow from Fund (CFF) of these companies did not have an effect on Net Profit Margin (NPM); however, it showed negative relationship with Return of Assets (ROA) and Return of Equity (ROE) with statistical significance at 0.01 and 0.05 respectively.
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