Analysis on Present Situation and Influencing Factors of Cash Holding of Coal Listed Companies

DOI

10.2991/meess-18.2018.87How to use a DOI?

Keywords

Coal listed companies, cash holdings, current situation, influencing factors.

Abstract

This paper selects 209 sample data of 27 coal listed companies in Shanghai and Shenzhen from 2009 to 2016 for empirical analysis. According to the research, the cash holding level of China's coal listed companies is mainly between 5% and 15%. Financial leverage, company size and cash holdings are negatively correlated. Cash flow, return on net assets are positively correlated with cash holdings. According to the results of empirical research, in the current environment of the sluggish development of the coal industry, it is recommended that coal listed companies maintain an appropriate financial leverage ratio to ensure continuous cash flow, thus ensuring continued operations. At the same time, it is proposed to rationally plan existing funds and conduct feasibility assessments on investment projects.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xinhong Wang
AU  - Huan Liang
PY  - 2018/08
DA  - 2018/08
TI  - Analysis on Present Situation and Influencing Factors of Cash Holding of Coal Listed Companies
BT  - Proceedings of the 2018 International Conference on Management, Economics, Education and Social Sciences (MEESS 2018)
PB  - Atlantis Press
SP  - 460
EP  - 469
SN  - 2352-5398
UR  - https://doi.org/10.2991/meess-18.2018.87
DO  - 10.2991/meess-18.2018.87
ID  - Wang2018/08
ER  -