But handing out emission permits does, in effect, transfer wealth from taxpayers to industry.
但是这样发放排放许可确实在实践中会将纳税人的财富转移向工业企业。
Through an analysis, this paper holds that the crux of recessive MBO lies in the direct stake driving brought about by the effect of large wealth transfer.
本文通过分析认为隐性M BO产生的实质在于巨大的财富转移效应引起的直接利益驱动。只有消除产生财富转移的股权基础，我国MBO才能够真正实现价值创造。
Through an analysis, this paper holds that the crux of recessive MBO lies in the direct stake driving brought about by the effect of large wealth transfer.
本文通过分析认为隐性M BO产生的实质在于巨大的财富转移效应引起的直接利益驱动。只有消除产生财富转移的股权基础，我国MBO才能够真正实现价值创造。
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