Our results indicate that a ban on margin purchases fosters efficient pricing by narrowing price deviations from fundamental value accompanied with lower volatility and a smaller bid-ask-spread.

我们的研究结果表明，在边缘上采购禁令促进有效的定价通过缩小价格偏离基本价值伴随着较低的波动性和较小的价差。

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Our results indicate that a ban on margin purchases fosters efficient pricing by narrowing price deviations from fundamental value accompanied with lower volatility and a smaller bid-ask-spread.

我们的研究结果表明，在边缘上采购禁令促进有效的定价通过缩小价格偏离基本价值伴随着较低的波动性和较小的价差。

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