首先基于我国股票市场微观结构、交易制度的现实，分析了投资者进行股票交易时所面临的市场流动性风险产生的原因与过程，并构造了本文的市场流动性风险指标——价差损失值。
Firstly, basing on the microstructure of stock market of our country, this thesis analyzes the reason and course of liquidity risk, and constructs the risk index-loss value of price spread.
最后针对我国股票市场如何减小流动性风险提出政策建议。
Finally this article will give suggestion and policy recommendations on how to reduce the liquidity risk.
结果表明，在绝对差别与标准差别两种情况下，基金规模、投资者的风险容忍度不能充分解释股票市场的流动性，与股票市场波动性的关系不显著；
Results show that in two situation both absolute and standard difference, fund size, risk tolerance of investors can not fully explain the movement of the stock market;
应用推荐