The policies are preferential ones, resulting in poolingequilibrium of the financial reports from the corporations, and further causing inefficiency of stock market.
配股政策是一种优惠政策,造成了公司业绩披露的混同均衡,进而造成市场效率的下降。
2
The research shows that on the given conditions there are possible equilibriums whose efficiencies are decreasing: separating equilibrium, semi-separating equilibrium and poolingequilibrium.