Scale and the network effect are the best barriers you can erect to prevent other companies from entering the market and gaining competitive advantage.
规模化与网络效应是你能够成长，防止其他厂家进入这一市场，获得竞争优势的最大壁垒。
This paper also finds that scale effect and value effect exist in Shanghai stock market.
研究同时发现，上海股票市场具有很强的规模效应和价值效应。
In China's stock market, there is no book market effect, but a certain system risk factor relevant to the scale plays an important role in the stock pricing.
在中国股票市场，账面市场效应并不存在，但与规模相关的某种系统风险因素在股票定价中起到了重要作用。
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