The evidences also show that cash flow variability, cash substitutes, financial leverage, and corporate age have significantly negative relation with corporate cash holdings.
现金流变异性、现金替代物、财务杠杆及公司年龄与现金持有水平显著负相关；
The evidences also show that cash substitutes, financial leverage, and corporate age have significantly negative relation with the corporate cash holdings.
现金替代物、财务杠杆及公司年龄与现金持有水平显著负相关；
We found that operation risks and bankrupt costs of enterprises could have positive impacts on leverage ratio, while pay-out ratio of dividends may have negative impact on leverage ratio.
我们发现企业的经营风险和破产成本可能对杠杆率有正面影响，而股息支付率则与杠杆率负相关。
The enterprise leverage analyzed in concerned financial management books is always positive, but in practice, enterprise leverage is probably a negative value.
目前有关财务管理书籍中所分析的杠杆度都是正值，但现实中企业杠杆度极有可能为负值。
The financial leverage of companies has straight negative effects, and presents relevant relations with companies' value.
公司财务杠杆具有正负效应，并与企业价值呈相关关系。
The financial leverage of companies has straight negative effects, and presents relevant relations with companies' value.
公司财务杠杆具有正负效应，并与企业价值呈相关关系。
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