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个人信息Personal Information
副教授
硕士生导师
性别:男
毕业院校:大连理工大学
学位:博士
所在单位:金融与会计研究所
学科:会计学. 投资学. 企业管理
办公地点:管理与经济学部 D456房间
联系方式:0411-84709665
电子邮箱:xiufengs@dlut.edu.cn
The Influence of Corporate Cash Holdings on Chinese Manufacturing Industry Enterprises' Performance
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论文类型:会议论文
发表时间:2015-01-01
收录刊物:CPCI-SSH
页面范围:438-443
关键字:enterprise performance; cash holdings; quantile regression method
摘要:Cash is the guarantee of regular production and operation, thus the cash holdings of an enterprise is the focus from all parties. In this paper, samples of marketing enterprises in Chinese manufacturing industry from 2008 to 2013, using quantile method for empirical analysis to explore the influence of cash holdings on enterprise performance. Empirical research conclusions indicate that excess cash holdings facilitate the enterprise performance, moreover, with the increasing performance quantile, its influence on enterprise performance appears "U" type; the insufficient cash holdings have an inhibiting effect on enterprise performance and with the increasing performance quantile, its negative effect on enterprise performance will be smaller and smaller.