| 预防性动机与公司现金持有量的关系:来自中国上市公司的证据 |
| |
| 引用本文： | 高克智, 王辉, 刘娜,.预防性动机与公司现金持有量的关系:来自中国上市公司的证据[J].华东经济管理,2011,25(9):134-138. |
| |
| 作者姓名： | 高克智 王辉 刘娜 |
| |
| 作者单位： | 1. 安徽工商职业学院,会计系,安徽,合肥,231131
2. 北京工商大学,商学院,北京,100048 |
| |
| 摘 要： | 文章主要讨论我国上市公司现金持有量与公司风险间的相关关系。与以往文献主要关注公司财务特征、公司治理等研究不同，本文从预防性动机、风险这一视角来讨论公司现金持有量问题。本文利用沪深两市上市公司样本（2002—2006）证实了现金持有量、风险及公司预防动机间的相关关系。结论表明，凯恩斯理论中的现金持有的预防性动机理论在中国仍然具有很强的解释力。
|
| 关 键 词： | 预防性动机 现金持有量 风险 |
Relationship of Precautionary Motivation and Cash Holdings:Evidences from Chinese Listed Companies |
| |
| GAO Ke-zhi; WANG Hui; LIU Na.Relationship of Precautionary Motivation and Cash Holdings:Evidences from Chinese Listed Companies[J].East China Economic Management,2011,25(9):134-138. |
| |
| Authors: | GAO Ke-zhi; WANG Hui; LIU Na |
| |
| Institution: | 1.Department of Accounting; Anhui Business Vocational College; Hefei 231131; China; 2.School of Business; Beijing Technology and Business University; Beijing 100048; China |
| |
| Abstract: | This paper focuses on the relationship between cash holdings and corporate risks.Different from the existing researches which paid much attention on financial characteristics and corporate governance as research variables,this paper studies the problem of cash holdings from perspective of precautionary motivation and corporate risks.Based on China s listed companies data(2002-2006),this paper explains the positive relationship between precautionary motivation,cash holdings and corporate risks.The conclusio... |
| |
| Keywords: | precautionary motivation cash holdings risks |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
| 点击此处可从《华东经济管理》浏览原始摘要信息 |
| 点击此处可从《华东经济管理》下载免费的PDF全文 |
