id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fbem-9133	Wu, Zhijian	Stock Liquidity and Cash Holdings: Evidence from Stock Buybacks	2023	6	.pdf	application/pdf	4855	210	52	Conclusion and Suggestion Based on the sample data of Chinese listed companies from 2011 to 2022, this paper studies how stock liquidity affects the cash holding decisions of listed companies, considering their stock buyback motives, and explains a possible motive for cash holding of listed companies to a certain extent. China Abstract: In view of the traditional view that stock liquidity reduces the cash holding level of listed companies by alleviating financing constraints and restraining agency costs, this paper starts from the company's stock repurchase motivation and finds that high stock liquidity may strengthen the company's stock repurchase motivation and thus promote the company to improve its cash holding level.	cache/fbem-9133.pdf	txt/fbem-9133.txt