We discuss the informational efficiency of the bond and stock markets and examine the sources of interest rate volatility.
我们讨论了债券和股票市场的信息效率，同时考察了利率波动的原因。
This means that the higher of the proportion of state-owned shares, the lower vulnerable to the lack of market response and informational efficiency.
这意味着国有股的比例越高，公司业绩报告越不会引发市场的反应，市场容易出现反应不足的情况，业绩报告的信息效率越低；
The informational efficiency of earning news is not really related with the proportion of shares in circulations and several major shareholding ratio.
业绩报告的信息效率与流通股比例和前几大股东持股比例没有多大关系。
The informational efficiency of earning news is not really related with the proportion of shares in circulations and several major shareholding ratio.
业绩报告的信息效率与流通股比例和前几大股东持股比例没有多大关系。
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