上市公司股票流动性影响因素分析  

Analysis of Influencing Factors about Listed Companies Shares Liquidity

作　　者：屈波[1] 

机构地区：[1]华中科技大学管理学院,湖北武汉430074

出　　处：《华东经济管理》2008年第1期134-136,共3页East China Economic Management

基　　金：国家自然科学基金项目资助(70471042)

摘　　要：文章对金融市场和金融资产流动性的理论进行回顾和研究,把影响上市公司股票流动性的因素进行分类,具体分为外生因素变量和内生因素变量,并进一步的详细论述了宏观外生因素、微观结构因素外生变量、证券市场本身运行规律外生因素变量以及公司基本面信息内生因素变量和交易参与者行为内生变量。并对外生因素变量和内生因素变量的影响程度、范围、规避方法进行对比,通过对影响上市公司股票流动性因素的详细分类和对比研究,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。In this paper, we try to have a review and an analysis about the financial market and financial assets Liquidity. We classed the influencing factors of the listed companies share changes to External Factor Variable and Internal Factor Variable. Then we particular discuss those external factors variable： macro policies factors, micro financial structure＇ financial market disciplinarian factors and listed Companies base information internal factors variable, traders actions internal factors variable. Furthermore, we compare with external factors variables and internal factors variables. We analysed which factors impact the shares liquidity and classified them to help institution investor or individual investor to know the securities assets liquidity and management liquidity risk

关 键 词：股票流动性 内生因素 外生因素 流动性风险 

分 类 号：F273[经济管理—企业管理]