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This study examines the effects of comparable companies, within the same industry, on cash holding (CH) levels of a specific firm in the Stock Exchange of Thailand. We find that peer firms’ CH levels correspond positively to the specific firm’s CH.
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This page is a summary of: A matter of others' money: How cash holdings of other firms affect a firm’s cash holding?, International Journal of Emerging Markets, December 2021, Emerald,
DOI: 10.1108/ijoem-03-2021-0398.
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