Open AccessExcessive Cash Holding of Jiuguijiu Enterprise from the Perspective of Agency Theory
Author(s) -
Zhixin Zhang,
OU Li-ping
Publication year - 2021
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1852/4/042078
Subject(s) - cash , perspective (graphical) , agency (philosophy) , phenomenon , business , principal–agent problem , finance , commerce , mathematics , sociology , social science , corporate governance , geometry , physics , quantum mechanics
The cash level of 300 Constituent companies in 2019 is about 13.73%, while that of the liquor industry in the same period is 34.27%. From the perspective of agency theory, this paper studies the phenomenon of excess cash holding in liquor industry, selects Jiuguijiu liquor as a case of the study, analyzes the phenomenon of excess cash holding in alcoholic liquor issuance, and puts forward corresponding reasonable Suggestions.