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In his view, the introduction of stabilization fund is small.
他认为,稳定基金的推出是小。
By researching the model, we find that the introduction of the relative performance can raise the fund managers' incentive efficiency, reduce the fund investors' risk, and also reduce the agency cost.
通过对模型的研究可以看出,相对业绩标准的引入不仅可以提高基金管理者的激励强度,降低基金投资者的风险,同时也可以降低成本。
The conclusions of this empirical study are as the following:the introduction of open-end fund has served to stabilize the Chinese stock market and reduce the volatility therein.
本研究的实证结果认为:开放式基金的推出,对中国股市确实起到了降低波动性、稳定股市的作用;
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