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    题名: 現金持有與成本僵固性之關聯
    The Association between Cash Holdings and Cost Stickiness
    作者: 廖思宇
    Liao, Si-Yu
    贡献者: 潘健民
    廖思宇
    Liao, Si-Yu
    关键词: 超額現金
    現金持有
    成本僵固性
    Excess cash
    Cash holdings
    Cost stickiness
    日期: 2022
    上传时间: 2022-08-01 17:07:49 (UTC+8)
    摘要: 　　本研究以東京證券交易所上市企業為對象，探討現金持有與成本僵固性之關聯。成本僵固性係指成本隨著成本動因不同方向的變動時，呈現不對稱比例變動的成本行為，而通常認為此一現象發生的主因是管理者對於成本投入決策之審慎態度以及調整成本的產生。與其他主要工業國家之企業相比，日本企業的現金持有一直以來比其他國家之企業還要高，而現金代表一個企業之資源的根本，企業可以產生虧損，但企業手頭上不能沒有現金，因此，企業之現金持有的多寡代表著企業面對經營環境變化時的韌性。
    　　本研究之實證結果顯示，與過去的文獻一致，日本企業之銷管費用普遍存有成本僵固性之現象，然而，超額現金持有與成本僵固性並沒有關聯。
    Using data from firms listed in the Tokyo Stock Exchange, this paper investigates whether corporate cash holdings affect cost stickiness. Cost stickiness refers to the asymmetric cost behaviors in relation to the change in sales. The main reason for the asymmetric cost behavior is generally considered as the cost decisions and the adjustment costs. Japanese firm have higher cash holdings compared to their counterparts in other major industrial countries. Cash is the essence resource of a firm. A firm can survive while reporting loses but may not survive without cash.
    The empirical results find cost stickiness on Japanese firms but no association between cash holdings.
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    描述: 碩士
    國立政治大學
    會計學系
    109353024
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0109353024
    数据类型: thesis
    DOI: 10.6814/NCCU202200614
    显示于类别:[會計學系] 學位論文

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