Based on the data of China's A-share listed companies from 2007 to 2020, this paper studies impact common institutional ownership corporate cash holdings. The results show that can significantly reduce level Further analysis shows internal governance mechanism will regulate relationship between and In enterprises without executive equity incentive, have a stronger inhibitory effect

This paper provides evidence on the impact of transient (short-term) institutional investors a firm's thrust to compete. A compete, as an attribute corporate culture, captures relative importance values that push firm achieve shareholder value in short term by emphasizing goal achievement, fast response external information and enhanced competitiveness. We find greater ownership results firms i...