| 2. | Under the special background of transitional economy in china , however , the cost of equity financing of listed companies , besides the general explicit cost , also contains rather high implicit cost , which covers the real expense paid by listed companies , and makes it difficult for capital market to exert the function of allocating resource at full
然而，在我国转轨经济的特殊背景下，上市公司股权融资成本除包含一般的显性成本外，还包括相当高的隐性成本，从而掩盖了上市公司进行股权融资所付出的真实代价，使资本市场配置资源的功能难以有效发挥。 |
