Influence of Internal Governance Structure on Stock Liquidity Moderated by Information Disclosure

摘要

As the economic impacts of stock market broadening and related research gradually in-depth,stock liquidity has been paid greater attention by both foreign and domestic scholars in recent years.This paper analyzes the latent impact of internal governance structure and information disclosure on the stock liquidity of listed companies,which discloses the relationships between shareholding structure,capital structure,agency structure,information disclosure quality and stock liquidity.And then,this paper makes use of listed companies which only publish A-share in main board of Shenzhen Stock Exchange to carry out empirical analysis,and proposes some countermeasures to optimize governance structure and promote information disclosure and improve stock liquidity for listed companies.