The marketrateof interest can not directly substitute the social discount rate for its defect on preference revealing, interest forming, the reward of risk, etc.
而市场利率由于在偏好揭示、利率形成、风险报酬等方面的缺陷，又不能直接替代社会贴现率。
2
This paper makes a pragmatic study on discountrateof H share, taking 16 dual listing corporations on A and H share market as samples by means of the fixed effect model.
本文以同时发行A股和H股的16家双重上市公司为样本，利用固定效应模型对H股折价率作了实证分析。
3
Article 13 the discountrate is the pre-tax interest rate, which can reflect the time value of money in the present market and the specific risks of the asset.