欢迎您！东篱公司
退出
-
申报数据库
-
立项数据库
-
成果数据库
-
项目获奖数据库
中文摘要：
基于代理问题角度，利用我国2001—2005年上市公司面板数据，研究了我国上市公司股权结构与公司持有现金之间的相互关系。实证结果发现，两者之间的相互关系符合代理问题存在的基本表征，即代理问题较为严重的上市公司拥有更高的现金持有水平。控股股东尤其是国有股东，并没有随着持股比例增加产生通常意义上的地下利益攫取行为，而是更多地支持了控股股东提升公司绩效的假说。
英文摘要：
Based on agency problems analysis, this paper studies the relationship between corporate cash holdings and ownership structure. The results suggest the relation is consistent with the base character of agency theory. That is to say, the firms of poor corporate governance have higher level of cash holdings. Controlling shareholders, especially state - owned shareholders, have more supervising effects not tuaneling effects with the proportion of shares increasing.
同期刊论文项目
同项目期刊论文
Building Core Competencies in a Turbulent Environment: An Exploratory Study of Firm Resources and Ca
Oversea Listing, Voluntary Governance and Corporate Performance--A Case Study Based on the ‘Sinopec’
A study of fairness judgments in China, Switzerland and Canada: Do culture, being a student, and gen
期刊信息
位置：