摘要
以我国上市公司为样本,研究了行业特征、产品市场竞争程度与公司现金持有量之间的关系。通过描述性统计发现,公司现金持有量在行业之间存在显著差异,产品市场竞争程度与公司现金持有量正相关。
This paper investigates the relationship between industry characteristics, product market competition and corporate cash holdings by some listed corporate in China. Results of our study indicate that corporate cash holdings are different between industries, and in a positive proportion to product market competition.
出处
《审计与经济研究》
北大核心
2007年第6期99-103,共5页
Journal of Audit & Economics
基金
国家社会科学基金项目(05CJY008)
国家软科学项目(2006GXQ3D170)
关键词
行业
产品市场竞争
现金持有量
industry
product market competition
cash holdings