A Statistical Analysis Of The Relationship Between Corporate Governance And Cash Holdings

In this paper, a method of combining theoretical research and empiricalanalysis, in-depth research on the relationship between corporate governance andcorporate cash holdings. The theory of corporate governance theory and corporatecash holdings of financial behavior based on descriptive statistics and non-balancedpanel data fixed effects model for the study methods, respectively, from the status oflisted companies, industry differences, equity structure, debt financing, etc. in-depthanalysis of the relationship between corporate governance and corporate cashholdings, and then study the effectiveness of corporate governance issues.Aparticular focus on analysis of the relationship between changes in researchjoint-stock reform, cash holdings and corporate governance of listed companies inChina. The study concluded that cash overall holdings in listed companies in Chinais on the rise, the cash holdings of the different industries is a significant difference,and corporate cash holdings behavior has a certain stability; ownership structureand debt structure of the company cash holdings behavior is also a certain influence,such as the appropriate equity concentration of corporate cash holdings decrease inthe different shareholding structure with varying degrees of it, the debt ratio andcorporate cash holdings was a significant positive significant negative relationshipbetween the correlation between the level of bank debt and the company’s cashholdings. Of corporate governance and cash holdings behavior, be able to putforward constructive views on the governance of Chinese listed companies.