{"title":"Liquidity of Stock Market and Corporate Value","authors":"Dan Yu, Yan Zhou","doi":"10.1109/ICSSSM.2019.8887822","DOIUrl":null,"url":null,"abstract":"This paper studies the impact of liquidity of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2012 to 2015 on the value of the company, and divides them into groups to study the trend effect of liquidity on the change of the company's value. The results show that stock liquidity has a positive impact on corporate value, and stock liquidity has a positive impact on corporate value mainly through the two paths of capital structure and operating efficiency. In addition, the higher the stock liquidity is, the faster the growth rate of corporate value is, and the trend effect of increasing marginal effect is produced.","PeriodicalId":442421,"journal":{"name":"2019 16th International Conference on Service Systems and Service Management (ICSSSM)","volume":"102 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2019 16th International Conference on Service Systems and Service Management (ICSSSM)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICSSSM.2019.8887822","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
This paper studies the impact of liquidity of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2012 to 2015 on the value of the company, and divides them into groups to study the trend effect of liquidity on the change of the company's value. The results show that stock liquidity has a positive impact on corporate value, and stock liquidity has a positive impact on corporate value mainly through the two paths of capital structure and operating efficiency. In addition, the higher the stock liquidity is, the faster the growth rate of corporate value is, and the trend effect of increasing marginal effect is produced.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
