The Relationship between Information Asymmetry and the Value of Cash Holding—The Moderating Effect of Multiple Controlling Shareholders

The Relationship between Information Asymmetry and the Value of Cash Holding—The Moderating Effect of Multiple Controlling Shareholders

碩士 === 中國文化大學 === 財務金融學系 === 104 === This study examines the relationship among information asymmetry, the value of cash holding and multiple controlling shareholders based on analysis of a sample of listed firms in China from year 2004 to 2013. The results show that firms with higher asymmetry lead...

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Main Authors: CHANG,JUNG-HSUAN, 張容瑄
Other Authors: LIN,TSUI-JUNG
Format: Others
Language:zh-TW
Published: 2016
Online Access:http://ndltd.ncl.edu.tw/handle/5adah6
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spelling ndltd-TW-104PCCU03040102019-05-15T22:43:15Z http://ndltd.ncl.edu.tw/handle/5adah6 The Relationship between Information Asymmetry and the Value of Cash Holding—The Moderating Effect of Multiple Controlling Shareholders 資訊不對稱與現金持有價值關係之研究—多重大股東之調節效果 CHANG,JUNG-HSUAN 張容瑄 碩士 中國文化大學 財務金融學系 104 This study examines the relationship among information asymmetry, the value of cash holding and multiple controlling shareholders based on analysis of a sample of listed firms in China from year 2004 to 2013. The results show that firms with higher asymmetry lead to a lower market value of a marginal dollar of cash. In addition, when the presence of multiple large shareholders, they have little moderating effect to enhance value of cash holding, especially in the firms with relatively low information asymmetry. LIN,TSUI-JUNG 林翠蓉 2016 學位論文 ; thesis 49 zh-TW
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language zh-TW
format Others
sources NDLTD
description 碩士 === 中國文化大學 === 財務金融學系 === 104 === This study examines the relationship among information asymmetry, the value of cash holding and multiple controlling shareholders based on analysis of a sample of listed firms in China from year 2004 to 2013. The results show that firms with higher asymmetry lead to a lower market value of a marginal dollar of cash. In addition, when the presence of multiple large shareholders, they have little moderating effect to enhance value of cash holding, especially in the firms with relatively low information asymmetry.
author2 LIN,TSUI-JUNG
author_facet LIN,TSUI-JUNG
CHANG,JUNG-HSUAN
張容瑄
author CHANG,JUNG-HSUAN
張容瑄
spellingShingle CHANG,JUNG-HSUAN
張容瑄
The Relationship between Information Asymmetry and the Value of Cash Holding—The Moderating Effect of Multiple Controlling Shareholders
author_sort CHANG,JUNG-HSUAN
title The Relationship between Information Asymmetry and the Value of Cash Holding—The Moderating Effect of Multiple Controlling Shareholders
title_short The Relationship between Information Asymmetry and the Value of Cash Holding—The Moderating Effect of Multiple Controlling Shareholders
title_full The Relationship between Information Asymmetry and the Value of Cash Holding—The Moderating Effect of Multiple Controlling Shareholders
title_fullStr The Relationship between Information Asymmetry and the Value of Cash Holding—The Moderating Effect of Multiple Controlling Shareholders
title_full_unstemmed The Relationship between Information Asymmetry and the Value of Cash Holding—The Moderating Effect of Multiple Controlling Shareholders
title_sort relationship between information asymmetry and the value of cash holding—the moderating effect of multiple controlling shareholders
publishDate 2016
url http://ndltd.ncl.edu.tw/handle/5adah6
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