Document Type


Date of Original Version



Cash holding behavior is an important financial behavior of the company, which reflects the company's financial strategy and management strategy. What are the factors that affect corporate cash holdings? How does the change in these factors affect the change in corporate cash holdings? Starting from two aspects of national macroeconomic environmental factors and microeconomic environmental factors, this paper tries to analyze these factors and how they affect corporate cash holdings. Working Capital Management is an important part of the company's financial management, which is closely related to the value creation of the company. What is the content of working capital management? How to manage the working capital effectively? This paper expounds the contents of working capital management from the perspective of process management, and expounds how to effectively manage working capital from the perspective of situational management. To link these two areas ids the goal of this study.