“…Islamic banks (Muhmad et al, 2023), CSR disclosure (Hendijani Zadeh, 2023), institutional development (Zhang et al, 2023), internal controls (Choi, 2022), and social capital (Seo and Mun, 2022) have recently become favourite discussion topics among scholars. Other topics that have gained attention from scholars are Shariah-compliant firms (Alnori and Bugshan, 2023;Guizani and Abdalkrim, 2021), policy uncertainty (Su et al, 2020, Zhou andNiu, 2023), economic policy (Duong et al, 2020;Feng et al, 2022), corporate investment (Fujitani et al, 2023;Yang et al, 2017), financial constraints (Lee and Wang, 2021;Nguyen et al, 2016), and corporate governance (Li and Wang, 2021;Manoel and Moraes, 2021). The main reasons for this research shift might reflect global concerns and highlight the timely fusion of cash holdings exploration with pandemic-driven inquiries, emphasizing the need to achieve sustainable development goals and increase awareness of ESG practices.…”