摘要：现金持有量问题在近年来越来成为学术界的热门研究问题，因为无论是对于企业的治理层、管理层还是企业的股东、债券人甚至是政府监督管理部门等，现金持有量都具有一定的参考价值。在国内外有很多学者已经通过实证研究得出许多关于现金持有量的相关理论以及丰富的研究成果。而食品饮料属于大众快消费品，这类企业的现金持有量数目一般既无法预测又占据着重要地位。为了了解2011年食品饮料行业的现金持有量的影响因素，本文通过相关性分析和多元线性回归的分析方法，对20家食品饮料行业的上市公司进行实证分析，主要研究银行负债、现金流量、财务杠杆、现金替代物、债务结构、股权集中程度和董事会规模与现金持有量之间的相关关系，并得出了相关的结论。

关键词 食品饮料行业；现金持有量；影响因素；多元线性回归

Abstract：Cash holdings in recent years has become a hot research issue in academic circles, because both for the enterprise management, management or corporate shareholders, creditors and even  the government supervision and management departments, cash holdings has a certain reference value. In many domestic and foreign scholars have found through empirical research on cash holdings amount of many related theories and abundant research results. Food and beverages are popular fast consumer goods, this kind of corporate cash holdings in general number cannot forecast plays an important role. In order to understand the 2011 food and beverage industry and the influencing factors of cash holdings, by analyzing the method of correlation analysis and multiple linear regression, the 20 food and beverage industry listing Corporation empirical analysis, correlation between main research on cash flow, cash substitutes, financial leverage, bank debt, debt structure, ownership concentration degree and the size of the board of directors and cash holdings, and has drawn the related conclusion.

Keywords  food and beverage industry  cash holdings  influencing factors  multiple linear regression