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来源:百度知道 编辑:UC知道 时间:2024/05/26 06:30:59
本文以220家在2003-2005年连续三年持有高额现金的上市公司作为研究样本, 通过验证高额现金持有的决定因素及其对企业业绩的影响, 来确定用何种理论才更好的解释我国上市公司的高额现金持有行为以及高额现金持有对现在和将来公司业绩的影响。

In this paper, 220 listed companies which possess large shareholding 3 years in a row from 2003 to 2005 are taken as research samples. Verification of the determinants of high cash holding which affect corporate performance is carried to determine which theory to choose from in order to better explain the cause and influence of large cash holding of chinese listed companies.

Based on 220 for three consecutive years in 2003-2005 to hold high cash as a sample of listed companies, through the verification of high cash holdings and the factors determining the impact on corporate performance to determine which theory is more good explanation of listed companies in China the high cash holdings, as well as high cash holdings on the present and future impact on the performance of the company.