西方学者企业现金持有行为理论模型述评

Models and Enlightenment of Firms' Cashing Holding Behavior

本文分析评价了西方学者的现金持有行为的权衡理论模型、信息不对称模型和代理成本模型,从中发掘影响企业现金持有量的决定因素,以期为管理者正确做出现金持有决策和提高企业资金利用效率提供借鉴思路。

This paper investigates firms＇ behavior of holding cash by analyzing models of holding cash including static tradeoff model, asyrnrnetry information model, agency cost model, and finds determinations of finn cash holdings. These provide some guides for management to use cash better and make right decisions.