Managerial self - interest motive may affect cash holdings and their utilization.

经理人‘自利动机’可能会影响到公司现金持有量以及现金使用.

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Cash holdings will become an important means of access to capital.

减持套现将成为企业获得资金的重要手段.

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Obviously, corporate financial condition, board structure and ownership concentration are important determinants of cash holdings.

显然, 公司的财务状况 、 董事会结构和所有权集中度等是公司现金持有量的重要决定因素.

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