The main aim of the paper is analyzing the impact of convertible bond arbitrage activity on stock market liquidity and efficiency.
本研究主要的目的是分析可转换债券套利行为对发债公司股票流动性和股票有效性的影响。
So when confidence in equities is high, there is a huge surge of liquidity into the stock market that bids up domestic share prices to unrealistic levels.
因此，在对股市的信心高涨时，流入股市的流动资金就会大幅飙升，从而将内地股票价格推高至不现实的水平。
The Istanbul Stock Exchange (ISE) has been successful at providing liquidity for local companies: it has nearly double the market capitalisation and five times the turnover of the WSE.
土耳其伊斯坦布尔证交所已经在为本国公司提供流动性方面取得了成功：它已经几乎将市场资本翻了一倍，同时其营业额也五倍于华沙证交所。
That liquidity inflated the mainland stock market first, then commodity markets and property market last.
流动性先是在大陆股市泛滥，接着进入大宗商品市场，最后流入房市。
In the disarray, some huge superfast-trading hedge funds that now provide much of the liquidity for the stock market pulled to the sidelines.
混乱中，某些快速交易大型对冲基金退至场外，目前这些对冲基金为股市提供诸多流动性。
The excess liquidity was soaked up by the stock market, which gave the appearance of economic growth.
过剩的流动性被股市所吸收而上升，表面上出现了经济增长。
Liquidity driven market may have unintended consequences for stock, property and commodity due to bubbles creation.
资金驱动市场可能会产生意想不到的后果在股票、地产和商品由于泡沫的产生。
Finally, new forms of liquidity will emerge such as private-market stock exchanges for buying and selling illiquid assets (e.g., SecondMarket, SharesPost, etc.).
最终，新的流动性将会出现，例如买卖非流动性资产的私募股权交易平台(例如secondmarket、Share sPost等。)
The role of the market Maker on Toronto Stock Exchange (TSX) is to augment liquidity, while maintaining the primacy of an order-driven continuous auction market based on price-time priority.
做市商在多伦多证券交易所(TSX)的作用是增加流动性，同时在价格优先，时间优先的基础上保持订单驱动的连续拍卖市场。
Based on the above, the article studies completely the liquidity of China stock market with the method of index system, including short-term liquidity study and long-term liquidity study.
基于此，本文采用指标体系的方法，对中国股票市场的流动性进行了全面的研究，具体包括：短期流动性研究和长期流动性研究。
On Friday, after initially easing fears of a liquidity crunch by promising to pull out of the fund within two weeks, Parmalat stunned the stock market again.
上周五，帕玛拉特承诺，将在两周内从上述基金中撤资，从而初步缓解市场对公司流动性危机的担忧。但接着，该公司再次令市场吃惊。
Following the points of phase changes hypothesis of stock market, the liquidity of stock market was researched under the condition of short sale.
从股票市场相变的角度，在卖空限制的条件下，研究了股票市场流动性产生的机理。
The relationship between liquidity of stock market and the assets' returns is essentially the issue of liquidity asset pricing.
股票市场流动性与收益关系的实质是流动性资产定价问题。
Though its action may calm bond vigilantes, it could spark panic over liquidity among commodity and stock market speculators. A market crash is likely.
尽管此举很可能会使债券投资者们平静下来，却会引发大宗商品市场和股票市场上投机者的流动性恐慌——市场崩溃一触即发。
Undeniably, the high liquidity level has provided the sufficient sources of fund for China Stock market.
不可否认，高流动性水平为中国股票市场提供了充足的资金来源。
Question 2: Accumulating by trade total value, the advising 300 benchmark stocks cover over 60% of Chinese A stock total market value, and about 55% of the whole market liquidity.
题目2：以交易总值计算，建议中的基准300股指数涵盖中国A股市场总市值的60%以上，并约占整个市场流动性的55%。
The paper verified the relation between stock market illiquidity and stock excess return in time series by new liquidity measure (LDX).
在时间序列上，论文采用新流动性比率指标(LDX)衡量流动性，检验了股票市场非流动性与股票超额收益率之间的关系。
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.
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。
The results show that higher PIN leads to (lower) (liquidity) and higher volatility and vice versa. At the same time these concludes disclose the behavior of the price (further) in China stock market.
实证结果表明在中国股票市场中信息交易概率与市场流动性正相关，而与波动性负相关，进一步揭示了中国股市的价格行为。
Liquidity is one of basic core proxies for measuring the quality of market, and it is also essential to the stock market.
流动性是度量市场绩效最基本的核心指标，是股票市场的基本属性。
Based on theory of financial market microstructure and theory of corporate finance, we links stock liquidity with firm's capital structure to investigate their bidirectional relationship.
本文在金融市场微观结构理论和公司金融理论的基础上，把股票流动性与公司资本结构联系起来，深入探讨两者之间互相影响的关系。
Liquidity is the important property of stock market, but defining and measuring liquidity is difficult.
流动性是股票市场的重要属性，但对流动性进行准确的定义和度量却是一件困难的事情。
This paper provides empirical evidence on the relations between disclosure quality and market liquidity on China's Shenzhen Stock market.
本文通过实证分析检验我国深圳股票市场上股票的信息披露质量与流动性的关系。
The quantity stock dividend and trend of stock market was significant factors that affect the liquidity.
股票股利数量、除权事件当月大盘走势是影响股票流动性的显著性因素。
The liquidity is a very important indicator to test the quality of the stock market, and decides whether the market is mature or not.
股市流动性作为检验股票市场运行质量的重要指标，是一个市场是否成熟的标志。
The liquidity is a very important indicator to test the quality of the stock market, and decides whether the market is mature or not.
股市流动性作为检验股票市场运行质量的重要指标，是一个市场是否成熟的标志。
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