股权结构、公司治理和公司现金持有行为研究 - pdf.io 关键词：公司治理；现金持有；市场价值；所有权性质 [gap=1487]Keywords: Cash Holding; Corporate Governance; Cash Value; Ownership Structure
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公司的现金持有对公司价值到底是正的影响还是负的影响？
Whether does corporate cash holdings pay positive or negative effect on corporate value?
二是由经理人、控股股东‘自利动机’引起的现金持有代理成本。
Including: the lower rate of ruturn of cash holdings and agency cost of managerial or majority shareholders' self-interest.
通货膨胀减少了货币的真实价值，因此人们就有激励去最小化其现金持有。
Inflation reduces the real value of money, so people have an incentive to minimize their cash holdings.
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