their opinions investors are two basic way
Secondly, “hand vote” and “voting with their feet” in the economy is shares the express their opinions investors are two basic way, but this both manifest connotation are totally different. “With the hand that embodies the vote” is more of a positive power, while “voting with their feet” embodies the is basically is a negative power, and the power to exercise often with investor MBT shoes Clearance property loss and the whole social wealth loss. Also because of this, “hand vote” mechanism and the “voting with their feet” mechanism must also exist and complement each other, and not repel each other, more not only one and not another. Only by establishing an effective “in with his hand on the basis of the vote” mechanism “voting with their feet” mechanism is reasonable and complete market restriction mechanism, no effective “vote” mechanism with the hand, “voting with their feet” will be difficult to not be distorted mechanism, in this case, the shares of the economy itself advantages will lost system. China’s listed companies and the stock market’s main problem is that, on the face of it, investors “hand vote” mechanism and the “voting with their feet” mechanism were totally have, but in practice, “a MBT shoes sale stream of single big” and “a share of decision-making pattern possessive” but almost completely repels tradable shares to participate in the decision-making opportunity and possible, this makes the legitimate rights of tradable shares with and legitimate interests lost the most fundamental and most important system of protective barriers, as a result, big shareholders institutional defects of our country economy the shares of “legal” unreasonable behavior floods the market and listed companies, cause of tradable shares of the property and the loss of wealth.
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