Empirical Study of High-Level Cash Holding and Influence Factors of Listed Companies in China

被引：0
|
作者：
Liu, Lin [1 ]
Li, Dongyan [1 ]
Huang, Yun [1 ]
机构：
[1] N China Elect Power Univ, Sch Econ & Management, Beijing 102206, Peoples R China
来源：
PROCEEDINGS OF THE 2011 INTERNATIONAL CONFERENCE ON ENGINEERING AND RISK MANAGEMENT | 2011年
关键词：
Excess cash holding; Influence factor; Company achievement;
D O I：
暂无
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
Many of listed companies tend to hold large amount of cash. In China, generally, the percentage of cash holdings of listed companies is higher than those of European and other developed countries. This article uses the agency theory and the trade-off theory as the theoretical foundation to analyze the behaviour of the high cash holdings of listed companies, and discusses the main factors affecting the high cash holding of listed companies and the impact on the company performance.
引用
收藏
页码：138 / 141
页数：4
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