We suggest that appears this kind of result mainly is because our country stock market is not very mature, securities supervising has limited the company market timing ability greatly.
本文认为出现这种结果主要是由于我国证券市场还很不成熟，证券监管大大限制了公司市场时机选择的能力。
2
Because of differences in goals, methods and timing, these state capital joint stock companies had a far from consistent effect on socioeconomic life.
由于目的、方式及时期的不同，这些国家资本股份制企业在社会经济生活中发挥的作用也并非一致。
3
In addition, stock selection ability is markedly inversely related to market timing ability.