Influence of cash holdings on return on total assets in listed securities firms

Holding cash will involve two types of costs, namely holding costs and opportunity costs, which exist simultaneously with three motives: transactional, hedging, and speculative (Dang, 2021) [5]. The study investigates the influence of cash holding rate (CASH) on return on total assets (ROA) in the securities firms listed on the Vietnam stock market. The study employs a set of aggregated data from 22 securities firms listed on the Vietnamese stock market. The research uses both qualitative and quantitative research methods. For the quantitative research method, the supporting tool is Stata 13 software. The research results show that the factor CASH does not influence the ROA of securities firms listed on the Vietnam stock market. Based on the findings, some recommendations are given for improving ROA in the securities firms listed on the Vietnam stock market.