上市公司财务风险和现金持有量相关性研究

Study on the Correlation Between Financial Risk and Cash Holdings of Listed Companies

现金持有量的合理确定是完善企业财务管理的一个关键问题,本文以安徽省上市公司2015年的财务数据为样本,对财务风险和现金持有量的关系进行实证分析。研究结果表明:上市公司的现金持有量与长期偿债能力、资产周转能力相关性不显著;与财务状况之间呈显著负相关;与短期偿债能力呈显著正相关。因此,公司应将现金管理与财务风险联系起来,既能提高现金利用效率,又能有效控制财务风险。

The financial data of listed companies in Anhui Province in 2015 was as a sample for the perspective of financial risk and its cash holdings of the empirical analysis in this paper. The results show that the cash holdings of listed companies have no significant corre- lation with the long - term solvency and asset turnover ability, and have significant negative correlation with the Z - SCORE of financial status, and have significant positive correlation with short - term solvency. Therefore, the company should improve cash management and financial risks associated with consideration for improving cash utilization efficiency, and effective control of financial risk.