Earnings Quality, Opportunities for Investment Expansion, Financial Constraints, Cash Holdings, and Audit Fees: Evidence from Companies Registered in the Stock Exchange of

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Published: Sep 23, 2025
Keywords:
Earnings Quality Investment Expansion Opportunities Financial Constraints Cash Holdings Audit Fees

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Jiraporn Prithaun
College of Innovative Business and Accountancy, Dhurakij Pundit University
Pattanant Pechcherdchoo
College of Innovative Business and Accountancy, Dhurakij Pundit University
Siridech Kumsuporm
College of Innovative Business and Accountancy, Dhurakij Pundit University
Panarat Panmanee
Accounting at the Faculty of Management Science, Silpakorn Universit

Abstract

This article aimed to earnings quality, opportunities for investment expansion, financial constraints, cash holdings, and audit fees: evidence from companies registered in the stock exchange of Thailand. This quantitative research utilizes financial statement data from 2021 to 2023 and employs structural equation modeling (SEM) for data analysis. The research results were found as follows; earnings quality, opportunities for investment expansion, financial constraints, cash holdings, and audit fees: evidence from companies registered in the stock exchange of Thailand was appropriate and consistent with the empirical data; and earnings quality had a positive influence on investment expansion opportunities. Companies with higher earnings quality demonstrated financial transparency and stability, which positively affected their opportunities for investment expansion. Conversely, earnings quality had a negative influence on financial constraints. Furthermore, investment expansion opportunities and cash holdings exhibited a positive relationship. In addition, earnings quality has not direct relationship with audit fees.

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How to Cite
Prithaun, J., Pechcherdchoo, P. ., Kumsuporm, S. ., & Panmanee, P. . (2025). Earnings Quality, Opportunities for Investment Expansion, Financial Constraints, Cash Holdings, and Audit Fees: Evidence from Companies Registered in the Stock Exchange of . Journal of Accountancy and Management, 17(3), 1–17. retrieved from https://so02.tci-thaijo.org/index.php/mbs/article/view/276610
Issue
Vol. 17 No. 3 (2025): ๋july-September, 2025
Section
Research Articles
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

บทความที่ได้รับการตีพิมพ์เป็นลิขสิทธิ์ของวารสารการบัญชีและการจัดการ

ข้อความที่ปรากฏในบทความแต่ละเรื่องในวารสารวิชาการเล่มนี้เป็นความคิดเห็นส่วนตัวของผู้เขียนแต่ละท่านไม่เกี่ยวข้องกับมหาวิทยาลัยมหาสารคาม และคณาจารย์ท่านอื่นๆในมหาวิทยาลัยฯ แต่อย่างใด ความรับผิดชอบองค์ประกอบทั้งหมดของบทความแต่ละเรื่องเป็นของผู้เขียนแต่ละท่าน หากมีความผิดพลาดใดๆ ผู้เขียนแต่ละท่านจะรับผิดชอบบทความของตนเองแต่ผู้เดียว

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