Bargaining Power, Concentration Ratio and Cash Holding: Empirical Evidence from A-Share Listed Firms

DOI

10.2991/assehr.k.211209.327How to use a DOI?

Keywords

Bargaining Power; Cash Holding; Concentration Ratio

Abstract

Suppliers and customers are important stakeholders of firms, and their bargaining power affects the decision-making of firms. influence of its bargaining power on the level of cash holdings of firms. Through the analysis of the data of manufacturing, information transmission and science and technology industries research of A-share listed firms from 2009 to 2019, it is found that the higher the bargaining power of suppliers, the lower the cash holding level of firms; The higher the Customer bargaining power, the higher the firms’ cash holding level. It is further found that the concentration ratio affects this correlation, the higher the concentration ratio, the weaker the relationship between the bargaining power and the level of cash holdings. This paper makes a certain reference value for the firms’ management of cash.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Yi Zhang
PY  - 2021
DA  - 2021/12/15
TI  - Bargaining Power, Concentration Ratio and Cash Holding: Empirical Evidence from A-Share Listed Firms
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 2004
EP  - 2013
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.327
DO  - 10.2991/assehr.k.211209.327
ID  - Zhang2021
ER  -