But the stock market encourages allocation of capital to those firms that appear at the time to have the best prospects.
然而股票市场鼓励资金配置到那些当前具有最良好的预期的公司中去。
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。
The operating cost of a distribution system depends not only on the inventory policy, but also on the allocation policy when the warehouse runs out of stock.
分销系统的运营成本不仅与所采取的库存控制策略有关,也与配送中心在货源不足时的分配策略有关。
If I went back to my office after speaking with you this morning and took Yale's $22.5 billion dollars and put all of it into Google stock, asset allocation would have very little to say about what Yale's returns would be.
如果我今早下课之后回到办公室,把耶鲁的225亿美元,全部投资于谷歌股票,资产配置在这种情况下,对耶鲁的回报率就没有多少影响了
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