上市公司股票流动性影响因素的作用机制分析

Analysis on the Function Mechanism of the Factors Affecting Listed Companies' Share Liquidity

通过对金融市场和金融资产流动性的理论进行回顾和研究,影响上市公司股票流动性的因素具体分为外生因素变量和内生因素变量,进一步分析这些因素对上市公司股票流动性的作用机制,有助于机构或个人投资者对证券资产流动性的认识和对流动性风险的管理。

This paper tries to make a review and analysis of the theories relating to financial market and financial assets liquidity. The factors affecting listed company＇s share liquidity may be classified under two types： external factor variable and internal factor variable. According to the author, a thorough discussion about the function mechanism of the factors affecting listed company＇s share liquidity can help institution investors and individual investors know more about securities assets liquidity and intensify liquidity risk management.