不同于国内绝大多数文献关于流动性和资产定价关系的研究，本文关注的是市场的系统流动性这样一种不可分散的风险。

According to the important role of liquidity on price discovery, it's quite meaningful for us to study the relationship between liquidity and asset pricing in such a transitional market of China.

youdao

不同于国内绝大多数文献关于流动性和资产定价关系的研究，本文关注的是市场的系统流动性这样一种不可分散的风险。

According to the important role of liquidity on price discovery, it's quite meaningful for us to study the relationship between liquidity and asset pricing in such a transitional market of China.

youdao