二、共整合与效率市场检定 首先对效率性市场作定义，市场若具效率性，即所谓市场效率性(market efficiency) 是指「市场资讯能完全反映出所有可供利用的讯息，即市场将各种资讯有效率 的立即反应于价格上，则表示参与者无法借由投机行为...
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股票市场的效率性指的是股票市场中股票价格对新信息的反应效率，它是股票市场成熟程度的表现。
Efficiency of stock market refers to one that the price of stocks in market responses to the new information. It indicates the mature degree of stock market.
市场成长的要素有很多，尤其各企业著手改善工作者的生产率、效率性是最大的要素。
A number of aspects are driving growth within the enterprise hearable market, with the key factor being that companies are looking to improve productivity and efficiency of their staff members.
监管依然存在，对中国国内的固定收入市场的流动性、效率性以及透明度造成伤害。
Regulations still exist that hamper liquidity, efficiency, and transparency of China's domestic fixed income market.
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