However, no evidence shows that cash flow, bank debt, and maturitystructureofdebt have relation with corporate cash holdings.
没有证据显示现金流、银行债务、债务期限结构与企业现金持有水平之间存在相关关系。
2
However, no evidences show that growth opportunity, cash flow, cash flow variability, bank debt, maturitystructureofdebt, and dividend payment are important determinants of corporate cash holdings.
But, again, the Treasury could offset this effect by changing the maturitystructureof its outstanding debt (by shifting toward bills and away from bonds).