摘要
实证分析认为 ,1991～ 2 0 0 1年中国股票市场运行效率和资源优化配置效率较低 ,市场规模的增长仅仅是机械式的增长 ,量的扩张远远大于质的提高 ,增长质量并不高 ,更不是质———量协调发展的市场。因此必须提高股票市场的增长质量。而市场功能定位回归资本市场本色———资源优化配置 ,是提高股票市场增长质量。
Empirical analysis points to the inefficiency in the operation and optimization of resource allocation in the Chinese stock market from 1991 to 2001: the growth of the market size is merely of mechanical nature, the quantitative expansion is much greater than the qualitative improvement, and the market is far from coordinated in its qualitative and quantitative development. Therefore, the quality of the stock market growth must be raised, and that the functional positioning of the market regresses to its true color - optimization of resource allocation - is the most fundamental measure to boost the quality of the stock market growth and promote the sound development of the stock market.
出处
《贵州财经学院学报》
2003年第4期9-12,共4页
Journal of Guizhou College of Finance and Economics
