Research on Relationship between Cash Holdings and Performance of Manufacturing Enterprises


  • Jingwen Yang



Manufacturing Enterprises, Cash Holdings, Enterprise Performance


This paper empirically studies the impact of cash holdings of state-owned or non-state-owned manufacturing enterprises on enterprise performance, with data of manufacturing enterprises listed in Shanghai and Shenzhen A-shares from 2012 to 2018. It is found that the cash holdings can promote the enterprise performance to a certain extent in case of most manufacturing enterprises; Further, such promotion effect is more obvious for the non-state-owned manufacturing enterprises. The research results can be good reference of new ideas and research directions for the research of the cash holdings on the performance of manufacturing enterprises.


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How to Cite

Yang, J. (2024). Research on Relationship between Cash Holdings and Performance of Manufacturing Enterprises. Academic Journal of Management and Social Sciences, 7(3), 15-19.