{"id":"https://openalex.org/W2907910539","doi":null,"title":"Determinants and Performance of Cash Holding: Evidence from Small Business in Malaysia","display_name":"Determinants and Performance of Cash Holding: Evidence from Small Business in Malaysia","publication_year":2018,"publication_date":"2018-12-28","ids":{"openalex":"https://openalex.org/W2907910539","mag":"2907910539"},"language":"en","primary_location":{"id":"pmh:oai:psasir.upm.edu.my:72205","doi":null,"is_oa":false,"landing_page_url":"http://psasir.upm.edu.my/id/eprint/72205/1/Determinants%20and%20performance%20of%20cash%20holding.pdf","pdf_url":"http://psasir.upm.edu.my/id/eprint/72205/1/Determinants%20and%20performance%20of%20cash%20holding.pdf","source":{"id":"https://openalex.org/S4377196260","display_name":"Universiti Putra Malaysia Institutional Repository (Universiti Putra Malaysia)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I130343225","host_organization_name":"Universiti Putra Malaysia","host_organization_lineage":["https://openalex.org/I130343225"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Article"},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5091885898","display_name":"Zariyawati Mohd Ashhari","orcid":"https://orcid.org/0000-0003-3202-7446","observed_orcids":["https://orcid.org/0000-0003-3202-7446"]},"institutions":[{"id":"https://openalex.org/I130343225","display_name":"Universiti Putra Malaysia","ror":"https://ror.org/02e91jd64","country_code":"MY","type":"education","lineage":["https://openalex.org/I130343225"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Zariyawati Mohd-Ashhari","raw_affiliation_strings":["Universiti Putra Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universiti Putra Malaysia","institution_ids":["https://openalex.org/I130343225"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5060145083","display_name":"Diana Rose Faizal","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I130343225","display_name":"Universiti Putra Malaysia","ror":"https://ror.org/02e91jd64","country_code":"MY","type":"education","lineage":["https://openalex.org/I130343225"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Faizal Diana-Rose","raw_affiliation_strings":["Universiti Putra Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universiti Putra Malaysia","institution_ids":["https://openalex.org/I130343225"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I130343225"],"apc_list":null,"apc_paid":null,"fwci":5.8839,"has_fulltext":false,"cited_by_count":27,"citation_normalized_percentile":{"value":0.95767494,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"26","issue":"2","first_page":"457","last_page":"473"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.663100004196167,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.663100004196167,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.3127000033855438,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0032999999821186066,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/corporate-cash-holdings","display_name":"cash holdings","score":0.9829999804496765},{"id":"https://openalex.org/keywords/small-and-medium-sized-enterprises","display_name":"small and medium-sized enterprises","score":0.9480000138282776},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.8450000286102295},{"id":"https://openalex.org/keywords/determinants-of-cash-holdings","display_name":"determinants of cash holdings","score":0.9649999737739563},{"id":"https://openalex.org/keywords/financial-leverage","display_name":"leverage","score":0.9779999852180481},{"id":"https://openalex.org/keywords/growth-opportunities","display_name":"growth opportunities","score":0.8640000224113464},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.9860000014305115},{"id":"https://openalex.org/keywords/cash-flow-volatility","display_name":"cash flow volatility","score":0.9990000128746033},{"id":"https://openalex.org/keywords/capital-expenditure","display_name":"capital expenditure","score":0.996999979019165},{"id":"https://openalex.org/keywords/net-working-capital","display_name":"net working capital","score":0.9679999947547913},{"id":"https://openalex.org/keywords/malaysian-smes","display_name":"Malaysian SMEs","score":0.7940000295639038}],"concepts":[{"id":"https://openalex.org/C110000284","wikidata":"https://www.wikidata.org/wiki/Q1499557","display_name":"Cash conversion cycle","level":4,"score":0.7109280824661255},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6420810222625732},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.6249290108680725},{"id":"https://openalex.org/C2777973936","wikidata":"https://www.wikidata.org/wiki/Q1109680","display_name":"Small business","level":2,"score":0.6181969046592712},{"id":"https://openalex.org/C2778083465","wikidata":"https://www.wikidata.org/wiki/Q693464","display_name":"Cash","level":2,"score":0.5859991312026978},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.5545960068702698},{"id":"https://openalex.org/C76087492","wikidata":"https://www.wikidata.org/wiki/Q1047352","display_name":"Cash management","level":3,"score":0.5513222813606262},{"id":"https://openalex.org/C128044525","wikidata":"https://www.wikidata.org/wiki/Q1682806","display_name":"Cash flow forecasting","level":3,"score":0.5271351337432861},{"id":"https://openalex.org/C166819830","wikidata":"https://www.wikidata.org/wiki/Q2025903","display_name":"Operating cash flow","level":3,"score":0.5188692808151245},{"id":"https://openalex.org/C97366136","wikidata":"https://www.wikidata.org/wiki/Q460184","display_name":"Cash flow statement","level":3,"score":0.5055272579193115},{"id":"https://openalex.org/C60679458","wikidata":"https://www.wikidata.org/wiki/Q823288","display_name":"Working capital","level":2,"score":0.49853014945983887},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4447680115699768},{"id":"https://openalex.org/C207972119","wikidata":"https://www.wikidata.org/wiki/Q5048703","display_name":"Cash on cash return","level":5,"score":0.44220221042633057},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.43862268328666687},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.4186418950557709},{"id":"https://openalex.org/C184454666","wikidata":"https://www.wikidata.org/wiki/Q140830","display_name":"Cash and cash equivalents","level":4,"score":0.37777087092399597},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.33729711174964905},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2361057698726654},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.07942253351211548},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:psasir.upm.edu.my:72205","doi":null,"is_oa":false,"landing_page_url":"http://psasir.upm.edu.my/id/eprint/72205/1/Determinants%20and%20performance%20of%20cash%20holding.pdf","pdf_url":"http://psasir.upm.edu.my/id/eprint/72205/1/Determinants%20and%20performance%20of%20cash%20holding.pdf","source":{"id":"https://openalex.org/S4377196260","display_name":"Universiti Putra Malaysia Institutional Repository (Universiti Putra Malaysia)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I130343225","host_organization_name":"Universiti Putra Malaysia","host_organization_lineage":["https://openalex.org/I130343225"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"mag:2907910539","doi":null,"is_oa":false,"landing_page_url":"https://journals.iium.edu.my/enmjournal/index.php/enmj/article/download/636/304","pdf_url":null,"source":{"id":"https://openalex.org/S2764897135","display_name":"IIUM Journal Of Economics and Management/International Journal of Economics, Management and Accounting","issn_l":"1394-7680","issn":["1394-7680","2462-1420"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["poland-40","russia-white-list-3"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"IIUM Journal Of Economics and Management/International Journal of Economics, Management and Accounting","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.9211000204086304,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":21,"referenced_works":["https://openalex.org/W1796381875","https://openalex.org/W1967489605","https://openalex.org/W1972904010","https://openalex.org/W2039248778","https://openalex.org/W2056917813","https://openalex.org/W2084416688","https://openalex.org/W2115849388","https://openalex.org/W2121085701","https://openalex.org/W2128534154","https://openalex.org/W2130557145","https://openalex.org/W2140037540","https://openalex.org/W2204244191","https://openalex.org/W2282218851","https://openalex.org/W2323266160","https://openalex.org/W2800794991","https://openalex.org/W2981705594","https://openalex.org/W3121720731","https://openalex.org/W3123169855","https://openalex.org/W3123551409","https://openalex.org/W3123722965","https://openalex.org/W3126033883"],"related_works":["https://openalex.org/W2990888903","https://openalex.org/W2015782030","https://openalex.org/W2738581652","https://openalex.org/W4294167503","https://openalex.org/W2894537976","https://openalex.org/W7046585363","https://openalex.org/W7018598037","https://openalex.org/W4396703904","https://openalex.org/W2754752346","https://openalex.org/W4243384655"],"abstract_inverted_index":{"Cash":[0],"holding":[1,53,69,102,114,141,168],"plays":[2],"an":[3],"important":[4],"role":[5],"in":[6,18,28,54,74,115,142,169,172],"a":[7,23,33,97],"business":[8,72,105],"to":[9,63,92,152],"ensure":[10],"smooth":[11],"operations.":[12],"It":[13],"is":[14,62],"not":[15],"only":[16],"vital":[17],"the":[19,43,49,65,80,110,162,166],"daily":[20],"operation":[21],"of":[22,51,59,67,112,139,165],"large":[24],"firm":[25,35,125],"but":[26],"also":[27,108],"small":[29,37,55,71,104,116,143,170],"firms":[30,171],"such":[31],"as":[32],"private":[34],"or":[36],"and":[38,103,132,154],"medium":[39],"enterprise":[40],"(SME).":[41],"However,":[42],"manager":[44],"puts":[45],"less":[46],"concern":[47],"on":[48,70,158],"function":[50],"cash":[52,68,101,113,127,140,167],"business.":[56,117,144],"The":[57,94],"purpose":[58],"this":[60,146],"study":[61,147],"investigate":[64,109],"effect":[66],"performance":[73],"Malaysia.":[75,173],"One":[76],"hundred":[77],"SMEs":[78,153,159],"constituted":[79],"sample;":[81],"panel":[82],"data":[83],"with":[84],"robust":[85],"standard":[86],"errors":[87],"were":[88],"examined":[89],"from":[90],"2011":[91],"2016.":[93],"findings":[95],"indicate":[96],"significant":[98],"relationship":[99],"between":[100],"performance.":[106],"We":[107],"determinant":[111,137],"Our":[118],"results":[119],"show":[120],"that":[121],"leverage,":[122],"growth":[123],"opportunity,":[124],"size,":[126],"flow":[128],"volatility,":[129],"capital":[130,135],"expenditure":[131],"net":[133],"working":[134],"are":[136],"factors":[138],"Thus,":[145],"can":[148],"be":[149],"directly":[150],"contributed":[151],"policy":[155],"maker":[156],"related":[157],"sector":[160],"about":[161],"specific":[163],"view":[164]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":7},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":2}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2019-01-11T00:00:00"}
