The Transactions Demand for Cash Balances by Property and Liability Insurance Companies
研究了保险公司现金余额需求，发现存在规模经济效应且利率有显著影响，为理解企业现金持有行为提供实证证据。
The critical nature of the deimanid for cash balances by firms has generated a considerable amount of theoretical and emiipirical research, although muchl controversy remains. The study developed in thiis paper provides empirical evidence in the insurance sector tihat is consistent with the literature o)n the exislence of economilies of scale in the demand for cash balanices anld the inifluence of initerest rates.