So the paper has a view that the ownership characteristics of China's listed companies have partly effected the cash holding level.
因此论文认为，在其他因素的影响下，所有权特征一定程度上影响了我国上市公司的现金持有水平。
A large number of foreign literatures had tested the cash holding level not only was affected by finance behavior but also is connected with ownership characteristics.
国外已有的大量文献都认为企业现金持有水平不仅受到企业财务行为的影响，更加与企业的所有权特征紧密相连。
Because a large number of foreign literature had confirmed the ownership characteristics is have a definite impact on the cash holding level. So, such a conclusion may not be satisfactory.
这种结论可能是不令人满意的，因为国外大量的文献都验证了所有权特征对现金持有水平确实起到了一定的影响作用。
The result shows that a separate study of the ownership characteristics on the cash holding level impact is the result of ownership characteristics basically have not affected on cash holding level.
研究结果显示，单独研究所有权特征对现金持有水平影响的结果是所有权特征对现金持有水平基本没有影响。
The cash holding is a major financial decision for a company, which reflects the company's financial strategy and business strategy and is closely related to the corporate governance of the company.
公司的现金持有行为是公司一项重要的理财行为，它综合反映了公司的财务战略和经营战略，并且与公司的治理状况也密切相关。
For this reason the company says it will be holding a lot of cash for the foreseeable future.
基于这个理由，公司宣布其将持有大量现金以对应不确定的未来。
These figures suggest that Japanese managers are paying attention to investors who criticise them for holding on to cash rather than returning it to shareholders.
上述数据显示出，日本经理人正在关注那些批评公司持有现金而不向股东返还的投资者。
In other words, the interest rate on loanable funds cannot fall below zero because holding cash guarantees a rate of return of zero.
换句话说，可贷资金的利率不可能低于零，因为持有现金的回报率都可以为零。
Major American corporations were highly profitable, and they were spending prudently, holding on to cash to build a cushion for a downturn.
美国主要企业当时盈利能力都还很强，花钱也非常审慎，以保证手中持有足以抵御危机的现金。
Suppose we were to graph a household's consumer spending as a function of cash-on-hand, which equals current income plus liquid assets, holding constant expected future income.
假设未来预期收入保持不变，画一个以家庭消费与库存现金的函数图---库存现金等于目前的收入加上流动资产。
They're holding onto a whole bunch of cash -- they're kind of sitting on it, waiting to see if they can make more money and more opportunity, but they haven’t started hiring yet.
它们有大把大把的现金——它们拿着钱在等着看有什么更多机会赚更多的钱，但就是没有开始用工。
Selling videocassettes meant laying out the cash up front, holding lots of inventory, and waiting for the cash to come in when the videocassettes were sold.
而出售磁带意味着预先支付现金，持有大量存货，等待磁带售出后现金回笼。
And it's holding 25% of its balance sheet in cash and cash equivalents because the bank just can't write enough good loans.
而且，由于无法放出足够多的优质贷款，花旗的资产负债表上有25%是现金和现金等价物。
In other words, the opportunity cost of holding grain is the cash that could be obtained from autumn sales, plus whatever interest could be earned by that cash over the winter.
换句话说，保有谷物的机会成本是秋季将其售出的现金，另加现金在冬季的利息。
On the company's fiscal fourth quarter earnings call last month, Mr. Cook said, "I'm not religious about holding cash or not holding it."
在上月举行的公司第四季度财政盈利电话会议上，库克先生说，“我并不坚持持有或不持有这些钱。”
They still are holding on to large cash positions in case they are hit with redemption requests from investors.
他们依然在囤积大量现金头寸，以备遭受投资者赎回申请的冲击。
Mr Evans of HSBC says one reason for this may be that some investors are holding back cash for an expected flurry of initial public offerings later this year.
汇丰的魏宏兆表示，其中的一个原因可能在于，一些投资者留着现金，等待今年晚些时候预计将出现的上市热潮。
Bring Exact cash. I like to use my debit card because I am able to track every penny better, but holding and letting go of cash is much tougher for me personally.
我喜欢用借记卡因为我能更好的知道每一分钱的去向，但是个人来说坚持使用现金似乎更加困难。
Because traditionally the holding of cash meant foregoing interest, economists assume people minimise their cash-holding and prefer to hold deposits which earn interest.
由于传统上留存现金意味着利息的损失，经济学家假定人们都会尽可能少地留存现金，而把钱存在银行来获得利息。
Some U.S. companies are holding net cash overseas.
一些美国企业在海外拥有净现金。
Electoral competition in Nigeria is fierce, as those holding political office have easy and unregulated access to vast pots of cash.
身居官位者可轻而易举获取大笔不义之财，并且逍遥法外，因此，竞选在尼日利亚那是相当的惨烈。
But the cost of holding deposits is the need to convert them into cash before they can be spent.
但是在出现销售现场电子转帐系统之前，为此要付出的代价是必须先要把存款变成现金才能用来购物。
If you were holding 20% cash and wanted to match the 7.4% of the Dow Jones industrials for the fourth quarter, your stock picks needed to return about 9.3% for the period.
第四季度持币20%的情况下，想要和道指的7.4%角力，你同期精选股票的回报就必须要有9.3%。
He, holding enormous cash which is more than 10 million liang, held back, not knowing whether to work for the Westernization drive or resell raw silk.
他手握1000万两以上的巨额现金，是去办洋务，还是倒卖生丝，竟一时踌躇。
Right now, you have companies, like HP holding cash or are over capitalized.
现在，你有公司，像惠普持有现金或资产化。
There's a great desire now to stay safe by holding only cash or only Treasury papers. This kind of behavior is really just the same as chasing performance.
现在人们只持有现金或美国国债以保安全的想法非常强烈。这类行为其实与追逐表现的做法毫无二致。
There's a great desire now to stay safe by holding only cash or only Treasury papers. This kind of behavior is really just the same as chasing performance.
现在人们只持有现金或美国国债以保安全的想法非常强烈。这类行为其实与追逐表现的做法毫无二致。
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