Stock market liberalization reduces cost of capital and promotes efficient capital allocation.
股票市场自由化降低了资本成本，促进了有效的资本配置。
It is one of the smallest, yet one of the most dynamic and efficient capital cities of Africa.
它是非洲最小却是最有活力和效率的城市之一。
Markets may be efficient in a narrow sense but not in the sense of allocating capital to its most productive use.
在狭义上市场可能有效，但在分配资本进行最多产的应用的意义上则非如此。
The company could be profitable, it could be capital efficient, or it could be crushing it.
公司可能在盈利，或者资本效率高，又或者将每分钱都用在刀刃上。
Since interest payments are tax deductible, but dividends are not, some borrowing makes a balance-sheet more efficient. Too much, though, makes a firm too risky, raising its overall cost of capital.
尽管利息支付可以扣税，而红利不可以，举债可以使资产负债表更有效率。
But town planners, zealously trying to turn the capital into a modern, efficient and cosmopolitan city, have consigned most of them to history.
可是，城市的规划者，因为迫切地想把首都转变成现代、高效的国际大都市，将大部分的小剧院划入了历史。
The momentum effect raises a further important issue. If markets are rational, as the efficient-market hypothesis assumed, then they will allocate capital to its most productive USES.
动量效应提出了一个更深层次的重要问题，如果市场是理性的，如有效市场假说假设的那样，那么市场将把资金分配给收益最大的用途。
The structure aims to allow Tesco to expand in China in a capital-efficient way.
这种结构旨在让乐购在中国实现高资本效率的扩张。
He argues that since the 737 is already so efficient in its current form, it may not be cost-effective for Boeing to make such a big capital expenditure to redesign the aircraft.
他认为737当今的机型已十分成熟，因此花费大量财力重新设计该机型对于波音来说并不一定划算。
At its best, this system represents an efficient andintelligent capital allocation machine, a market ruled by precision andmathematics rather than emotion and fallible judgment.
最理想的情况，计算机系统是了一个高效、智能的资源分配机器，一个被精确化和定量的市场，而不是受到感性和易犯错的判断所影响的市场。
The contents contain three main parts: efficient market hypothesis, capital equilibrium theory and modern corporate financial theory.
内容包含三个主要部分：有效率市场假说，资本均衡理论和现代公司金融理论。
An efficient approach of accelerating capital turnover in enterprises and enforcing financial management can be obtained by adopting the new algorithm.
这种算法的提出为加速企业资金周转、加强财务管理提供了一种更有效的方法。
So according to the principle of incentive compatibility, the owner of the physical capital had better design an efficient incentive plan to solve the principle-agent problem.
因此，物质资本所有者只能遵循激励兼容原则，设计有效的激励方案，最大程度地解决委托代理问题。
Efficient markets need to improve the allocation of capital and enhance long-term economic growth.
有效率的市场需要改善资本配置，促进长期经济增长。
We need to manage and use Treasury bonds well and ensure the quality of the projects they finance and the efficient use of investment capital.
要切实管好用好国债资金，确保国债项目工程质量和资金使用效益。
And the reason why it could be efficient was that social capital had characteristics of self-enforcing both in personal punishment and outer factors.
而之所以如此，是因为社会资本无论从私人惩罚还是外部条件来看，都具有自我实施的特征。
The article focuses on design of supporting system to efficient operation of venture capital, with the basis on improving venture capital efficiency.
本文基于风险投资公司提高风险投资效率的视角，进行风险投资有效运作支撑体系的设计。
In the efficient operation of the economy, each enterprise increasingly recognize that the stand or fall of working capital management relates to the success or failure of enterprise management.
在高效运转的经济时代，每个企业日益认识到营运资金管理的好坏关系到企业经营的成败。
So the world capital should be somewhere efficient and neutral. Somewhere you can get easily in and out of. Somewhere used to welcoming travellers from all over the world.
所以世界首都应该处于某个效率高与中立的地方、容易出入的地方、欢迎来自世界各地的旅游者的地方。
So strengthening the security and efficient management of currency capital appears to be specially important in the management of enterprise property.
加强货币资金安全性、效益性管理在企业资产管理中显得尤为重要。
The mission of the US Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
该代表团在美国证券和交易委员会是为了保护投资者，维护公平，有序，有效率的市场，并促进资本形成。
The empirical results indicated that Shanghai stock market an efficient market, but is a non-linear capital one.
实证研究表明上海股市不是一个有效的市场，而是一个具有非线性特征的市场。
The guarantee function of the corporate capital did not exert efficient influence in practice, by contraries, it restricted the freedom of the corporation to collect funds and manage itself.
公司资本的担保功能在实践中并未起到充分保护公司债权人的作用，相反，却限制了公司便利筹资、自由经营的空间。
Market timing that based on behavioral finance theory give up the Efficient Market Hypothesis and study the capital structure from the investor point of view of non-rational.
基于行为金融的市场择时理论放开了有效市场的假设，从投资者的非理性角度研究公司资本结构，为资本结构的研究提供了一个新的视角。
Along with various accumulations of anomalies in financial market, the correctness of Efficient market Hypothesis (EMH) and the Capital Asset Pricing Model (CAPM) has been doubted.
随着金融市场上各种异象的累积，有效市场假说(emh)和资本资产定价模型(CAPM)的权威地位已开始动摇。
It would be efficient for society that various manpower capital match its corresponding wording position. But the matching is not always realized for asymmetry of information.
不同的人力资本拥有者与相应的工作职位相匹配，就会大大提高社会效率，但由于信息不对称的存在，这种匹配常常难以实现。
The venture capital has succeeded in resolving the problems of converse selection and moral risks, which supplies the economic and efficient operation system.
风险投资治理结构的经济意义在于它成功地解决了逆向选择和道德风险问题，为风险投资的运作提供了经济、高效的运作机制。
The venture capital has succeeded in resolving the problems of converse selection and moral risks, which supplies the economic and efficient operation system.
风险投资治理结构的经济意义在于它成功地解决了逆向选择和道德风险问题，为风险投资的运作提供了经济、高效的运作机制。
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