In today's complex and ever-changing financial landscape, treasury management has become a crucial function within organizations. The ability to manage financial risks, ensure liquidity, and comply with regulatory standards is essential for the long-term success and stability of any business....

This research paper investigates the impact of Environmental, Social, and Governance (ESG) performance on corporate financial performance (CFP). Moreover, it explores the moderating role of corporate cash holdings in the link between ESG and the financial performance of firms. Data is collected...

The survival of a company is highly dependent on the management of its working capital. Effective working capital management can lead to greater profitability. Insufficient working capital or liquidity shortages can severely hinder profitability and operational sustainability. The primary...

Firms in the Gulf region are predominantly governed by the entrepreneurial model where royal ownerships/management dominants. Using a Panel Regression Model in a sample of 202 firms across six countries in the Gulf Cooperating Council (GCC), this paper assesses the direct effect of corporate...

Aim: This article builds upon recent evidence that centralisation of cash management activities, often advocated by enthusiast protagonists from the academic, corporate and consultancy world, has given way to decentralisation thereof. The aim of the article is to underpin the idea that such...

The objective of this paper is to validate the existence of an extensively documented secular upward trend in corporate cash holding. To do this, we use the new data for Poland and review original datasets from Bates et al. [2009] for the U.S. We find no trace of a trend for Poland and believe...

The beginning of the year 2023 is marked by continued economic instability, some of it still lingering from economic ramifications of the COVID-19 pandemic, some brought on by the war in Ukraine, high energy prices and other more regional factors. For businesses of all shapes and sizes, this...

This study examines the impacts of Enterprise Resource Planning (ERP) systems on financing costs from the dual perspectives of risk management and relative value creation based on corporate value maximization objectives. Data were manually collected from the listed companies in China. It is...

This paper examines the impact of Vietnam's emerging market conditions on financial performance forecasting for listed firms, where stock market capitalization reached 56% of Gross Domestic Product (GDP) in 2023. Using a sample of 551 firms across eight industries over the period 2010–2024, we...

This study examines the impact of mergers and acquisitions (M&As) on the financial performance of firms listed in Germany's DAX 40 index. Although M&As are a widely used strategic tool intended to create value through synergies and market expansion, existing research provides conflicting...

The objective of this article is to delve into the digital financial asset (DFA) portfolio price of institutional investors, such as hedge funds. The aim is to make a significant contribution by providing methods (statistical methods and fuzzy logic) for investors to identify and select the best...

Despite the long-term trend away from cash and the widespread adoption and acceptance of payment cards, many people still carry considerable amounts of cash. In a preregistered study, I examine whether risk attitudes can explain consumers' persistent cash holdings. To self-insure against the...

Financial performance research has increasingly intersected with philosophical debates on ethics, sustainability, and stakeholder value, yet a clear framework linking these perspectives to actionable financial metrics remains underdeveloped. This study aims to explore how philosophical...

Research background: The literature of Polish authors points to the study of the financial performance of companies in the process of internationalisation by means of classic profitability indicators. Foreign literature goes beyond this area of studying the performance of companies in the...

This study examines the relationship between corporate financial performance and the implementation of Sustainable Development Goals (SDGs), with a focus on prosperity-related SDGs. Using fuzzy-set Qualitative Comparative Analysis (fsQCA), the research analyzes a sample of 26 companies to...

This study employs machine learning and explainable artificial intelligence to examine the impact of working capital strategies - aggressive, moderate, and conservative - on Tobin's Q and EBITDA (earnings before interest, taxes, depreciation, and amortization), identifying key financial...