The aim of this paper is to study how the institutional environment affects the company liquidity pricing, and the research objects are listed companies. We study the objects comprehensively by theoretical derivation and apply the institutional environment into the model, which is set for the liquidity pricing problem of listed companies. Our findings indicate that changes of policies will promote the company liquidity price, and the wider range it changes, the higher prices will be. This case

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... emonstrates that to improve the value of company's liquidity, we can continuously make the institutional environment better. This paper illustrates a systemic way of improving the value of incorporation liquidity, i.e. improving the institutional environment.