股票市场不是融资的重要来源

Stock Market is not an Important Fund-Raising Source

本文对理论界这几年普遍流行的“股票发行是最佳的筹资方式，股票流通能实现资源配置优化重组，股票价格能评价和监督公司经营”的观点提出质疑。论证了无论在西方发达国家还是在我国，股票市场都仅仅是市场经济中的一个重要构架。

This paper has made a query into the popular idea that stockissue is the optimal means of raising funds, its circulation enables the recombination of resource disposition and the prices represent the evaluation and supervision of corporation management. It has demonstrated that stock market is merely an important component of the market economy, no matter home or abroad.