引言以风险的眼光审视资本市场(股票市场),它本质上是一套在全社会范围内分散、配置企业活动风险的制度安排体系。企业风险提供了资本市场存在的基本理由,也塑造了资本市场运行的主要特征,而资本市场配置企业风险的能力决定了资本市场自身发展的广度、深度,服务企业发展和向国 Introduction To look at the capital market (stock market) from a risk perspective, it is essentially an institutional arrangement that decentralizes and allocates the risk of business activities throughout the entire society. The enterprise risk provides the basic reason for existence of the capital market and also shapes the main features of the operation of the capital market. The ability of the capital market to allocate the risk of the enterprise determines the breadth and depth of the development of the capital market,