Based on the considering of companies, this paper analyses the relationship in a theoretical way from three points which are stock liquidity, market risk and expected cash flows.
本文基于公司角度,从股票流动性、市场风险、预期现金流三个方面对两者之间的关系进行了较为深入的理论分析;在辨析了信息披露概念、经济学动因、评价标准的基础上,对我国信息披露的现状进行了阐述;对股权融资成本、信息披露质量及其他相关因素的度量进行了详细的说明;并且利用深交所2002-2005年数据,运用独立混合横截面和分年度多元回归的实证方法分析了我国上市公司信息披露质量对股权融资成本的影响。
In the third part of article, we study the relation between voluntary information disclosure and stock liquidity from an economic point of view.
在这样的市场背景下,许多业绩优良的大公司理性的选择了自愿披露,希望使自身与其他劣绩的上市公司区分开来,通过自愿披露来描绘公司未来的前景,展示公司核心竞争力,与利害相关者进行沟通,缓解诚信危机,增强投资者的信心来增加公司的价值提高公司的股票流动性。
SSE-180 Index and Underlying Stock Liquidity;
上证180指数对标的股票流动性的影响
Analysis of the Effect of Price Limits on Stock Liquidity;
涨跌幅限制对股票流动性的影响分析
Measuring Stock Liquidity Based on Principal Component Analysis;
基于主成分分析的股票流动性的度量
The Relationship between the Liquidity of Stock and the Capital Structure of the Listed Company
股票流动性和上市公司资本结构关系
Research on Difference and Commonality of Liquidity Between Different Industries Stocks;
不同行业股票流动性的差异性与一致性研究
Influence of Noise Traders Quantity Change on Stocks Liquidity;
噪声交易者数量变动对股票流动性影响
Bargainer Quantity Change of Stock Market and Liquidity Research
股票市场交易者数量变动及流动性
The Effects of Stock Splits and Reverse Splits on Market Liquidity --The Evidence from Hong Kong Stock Market;
股票分拆与并股对市场流动性的影响——来自于香港股票市场的证据
Price Impact and Liquidity Impact of Block Trading;
大宗交易对股票价格和流动性的影响
A Study on the Liquidity Measure and Illiquidity Risk Premium of China Stock Market;
中国股票市场流动性度量及溢价研究
Stock Returns and Liquidity in Shanghai Security Exchange (SSE);
上海证券市场股票收益和流动性研究
An Empirical Research on the Systematic Liquidity of Chinese Stock Market;
我国股票市场的系统流动性实证研究
A Study of Liquidity Risk Premium in Chinese Stock Markets;
我国股票市场的流动性风险溢价研究
Simulation Research of Stock Market Liquidity Based Multi-Agent
基于多Agent的股票市场流动性仿真研究
The Liquidity Explanation of the Mechanic Form of the Stock Price and Market;
股票价格与股市风险形成机理的流动性解释
Mechanism Study about the Liquidity of Stoek Market Based on Phase Transition Hypothesis of Stock Market;
股票市场相变假说下的股市流动性产生机理
The effect of stock market scale is larger than liquidity for economic growth.
股票市场规模相对于流动性来说对股票市场的影响更大。
Empirical Study on Liquidity and Volatility in Chinese Stock Market;
中国股票市场的流动性与波动性实证研究