Firstly, corporate governance is a subject and the object boundary and scope, and the function, structure and form factors constitute the system. Financed primarily through conduction mechanism of corporate governance, reflect its microeconomic efficiency.
首先,融资结构决定公司治理机制,而公司治理机制又是影响融资结构的重要因素,融资主要通过公司治理机制的传导及其相互关系,发挥其微观效率。
参考来源 - 微观视角下上市公司融资效率及影响因素研究·2,447,543篇论文数据，部分数据来源于NoteExpress
并购机制的运行效率包括微观效率和宏观效率两方面。
The working efficiency of merger and acquisition includes micro-efficiency and macro-efficiency.
按研究的层次分，效率市场可分为微观效率市场、中观效率市场和宏观效率市场。
According to level of study, efficient market can be divided into micro efficient market, regional efficiency market and macro efficient market.
而大型动物通过用它们的鳍或肢体滑水的方式游泳，这种方式在微观比例下是低效率的。
Whereas large animals swim by pushing against water with their fins or limbs, this approach is ineffective at very small scales.
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