The efficiency of stock market includes the pricing efficiency, transactional efficiency, informational efficiency and capital-allocation efficiency within the market and external efficiency outside the market.
股票市场的效率包含市场内部的定价效率、交易效率、信息效率和资本配置效率，以及市场的外部效率。
参考来源 - 公司治理结构、公司绩效与股票市场效率·2,447,543篇论文数据，部分数据来源于NoteExpress
Therefore labor division is not only restricted by market scale or scope, but also bounded by transactional efficiency in arrangement of institution.
因此，分工不仅受市场规模或范围的限制，实际上也受制度安排中交易效率的限制。
Therefore, division of labor is restricted not only by market scale or scope, but also restricted by transactional efficiency in the arrangement of institutions.
因此，分工不仅受市场规模或范围的限制，实际上也受制度安排中交易效率的限制。
According to Transactional costs Theory of New Institutional Economics, the efficiency of institutions lies in its material costs and Transactional costs when its scale is stable.
根据新制度经济学的交易费用分析方法，在办学规模一定的前提下，高等学校的运行效率取决于其物质投入成本和交易费用高低。
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