论文的实证部分还得出了公司规模(SIZE)、现金流比率(CFLOW)、现金替代物(CSUBS)及银行债务(DBT)与现金持有水平显著负相关,公司成长性(MBR)与现金持有水平显著正相关的结果。
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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 flow variability, cash substitutes, financial leverage, and corporate age have significantly negative relation with corporate cash holdings.
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