摘要
以2008～2010年沪市制造业多元化经营公司为研究样本,对不同资本结构下,企业多元化经营对公司现金持有量产生的影响进行实证研究。研究结果表明,多元化经营公司现金持有量显著低于专业化公司;财务杠杆低的公司多元化经营程度与现金持有量间存在显著负相关关系。
It is an empirical study of the influence of enterprise diversified operation on cash holdings under the different capital structure by taking as the sample the diversified operation enterprises in manufacturing industry of Shanghai in the year of 2008 to 2010. It is shown that the cash holdings of diversified operation enterprises is obviously lower than that of professional ones; there exists negative correlation between the degree of diversified operation and cash holdings compared to those companies with lower financial leverage.
出处
《安徽工业大学学报（社会科学版）》
2013年第1期17-21,共5页
Journal of Anhui University of Technology：Social Sciences
基金
教育部人文社会科学研究项目(10YJA630164)
中央高校基本科研业务费专项资金资助(NUST 2012YBM010)
关键词
企业
资本结构
多元化经营
公司现金持有量
enterprise
capital structure
diversified operation
cash holdings
