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。
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。
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