国有股、法人股的存在降低了二级市场的流动性，导致证券定价缺乏效率，从而降低了社会福利。
This paper delves into the intrinsic relationship among the presence of state and legal-entity shares, market liquidity and social welfare.
中小板上市公司国有股、法人股和社会公众股的治理作用不明显，管理者持股具有正向治理效应；
Stockholders of state-owned, legal-person and public people don't have obvious governance effects. Stockholders of managers have positive governance effects.
中小板上市公司国有股、法人股和社会公众股的治理作用不明显，管理者持股具有正向治理效应；
Stockholders of state-owned, legal-person and public people don't have obvious governance effects. Stockholders of managers have positive governance effects.
应用推荐