อิทธิพลของกระแสเงินสดต่อการถือครองเงินสด และค่าธรรมเนียมการสอบบัญชี:  กรณีศึกษาบริษัทจดทะเบียนในตลาดหลักทรัพย์ เอ็ม เอ ไอ

Patinya  Sumsa; Aujjana Prachayakul; Siriwan Chawalitmetha

Authors

Patinya Sumsa Lite Tax Pro Co., Ltd.
Aujjana Prachayakul Rajabhat Rajanagarindra University
Siriwan Chawalitmetha Rajabhat Rajanagarindra University

Keywords:

Cash Flow from Operating Activities, Cash Flow from Investing Activities, Cash Flow from Financing Activities, audit fees, Cash Holding

Abstract

This study aimed 1) to examine the relationships among cash flows, cash holdings, and audit fees, and
2) to investigate the influence of cash flows, cash holdings, and audit fees. This quantitative research utilized data from 119 companies listed on the Market for Alternative Investment (MAI) during 2020–2022. The statistical methods employed included Pearson’s correlation analysis and multiple regression analysis. The results revealed that 1) audit fees were positively and significantly related to cash flows from investing activities (r = 0.247, p < 0.01), while no significant relationships were found with cash flows from operating activities (r = –0.028, p > 0.05), cash flows from financing activities (r = –0.161, p > 0.05),
or cash holdings (r = 0.013, p > 0.05); and 2) cash flows from investing and financing activities influenced cash holdings and audit fees, whereas cash flows from operating activities and cash holdings had no influence on audit fees. These findings indicate that cash flows from investing activities are the only factor significantly associated with audit fees. Additionally, cash flows from investing and financing activities were found to influence cash holdings, highlighting the important role of investment complexity and capital structure in shaping both a firm’s liquidity and its audit-related costs.

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