Persistent Policies of High Cash Holdings to Affect of Corporate Operating Performance-A Study of Taiwan Listed Companies
碩士 === 真理大學 === 管理科學研究所 === 93 === This paper regards listed corporations in Taiwan. All samples will be separate into “sample firms” and “comparison firms”. The effect of persistent high cash holdings for future operating performance is a key point of this discussion. We will use performance on une...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2005
|
| Online Access: | http://ndltd.ncl.edu.tw/handle/09680354558723776399 |
| Summary: | 碩士 === 真理大學 === 管理科學研究所 === 93 === This paper regards listed corporations in Taiwan. All samples will be separate into “sample firms” and “comparison firms”. The effect of persistent high cash holdings for future operating performance is a key point of this discussion. We will use performance on unexplained cash holdings and comparison of performance measures controlling for propensity to find out the difference between “sample firms” and “comparison firms”. Then get the result of regression analysis of the operating performance of high cash. According to the result of this paper we believe keep the policy of persistent high cash holdings will be very helpful in both of sales and investment.
|
|---|