股市是个社会财富进行再分配的地方,它通过重新配置资源而提升整个社会的效率。但如果股市的运行机制不合理,它就会逐渐丧失这种功能。 全球股市连续3年的普遍性下跌,或许说明现有股市中存在着很多不合理的地方。 不过,随着股市规则的改变,上市公司过去高喊的“股东价值最大化”的含混口号,将 The stock market is a place where social wealth is redistributed. It increases the efficiency of society as a whole by reallocating resources. However, if the stock market does not operate properly, it will gradually lose this function. The general decline in global stock markets for three consecutive years may indicate that there are many unreasonable places in the existing stock market. However, with the change of the stock market rules, the chanted “maximum shareholder value”