An Empirical Study of the Factors Which Influence the Liquidity of the Listed Company’s Stock

Abstract

Abstract: The factors which influence the stock liquidity can be roughly summarized in three categories,namely,the stock features,the market microstructure and the other factors.As for the same markets,the most influential factor is the stock characteristics.Stock price,the scale of a company,asset-liability ratio,ownership structure,institution stock holding rate,all these stock characteristics can well account for stock liquidity.Different empirical results will be obtained for different liquidity formulations.

Key words: stock liquidity, stock characteristics, OLS

LONG Jian-You, ZHENG Zhu-Qing. An Empirical Study of the Factors Which Influence the Liquidity of the Listed Company’s Stock[J]. journal6, 2010, 31(6): 102-106.

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