Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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

Authors
Yi Zhang
School of Accounting, Tianjin University of Finance and Economics, Tianjin, 300221, China
Corresponding author’s Email: zhangyi15010@outlook.com
Corresponding Author
Yi Zhang
Available Online 15 December 2021.
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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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.327How to use a DOI?
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.

Cite this article

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  -