Tobin(1984)Ⅲ把股票市场的功能效率(functional efficiency)定义为股票价格能够引导资本朝价值最大化的方向配置。换言之,当股票价格能够有效引导资本配置时,股票市场是功能有效的。
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设计功能效率 design power efficiency
Function efficiency reflects the degree of stock market to collocate society capital.
股票市场的功能效率反映了股票市场实行社会资本有效配置的程度。
参考来源 - 中国股票市场效率问题研究·2,447,543篇论文数据,部分数据来源于NoteExpress
不要将此与数据库的异步复制功能混淆,因为用于异步复制数据的数据库功能效率低下,不应该予以采用。
Do not confuse this with the features of a database to asynchronously replicate, because the database feature to replicate data asynchronously is insufficient and should not be employed.
银行已经开发了一个领先的得到谨慎管理的组合,以确保成本和功能的效率。
The bank has developed a leading portfolio of applications carefully managed to ensure both cost and capability efficiency.
向HTTP添加这个功能会使因特网陷入困境,并降低可能不需要这个功能的区域的效率。
Adding this function to HTTP would bog down the Internet, and reduce effectiveness of areas that may not need it.
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