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,在我國轉軌經濟的特殊背景下,上市公司股權融資成本除包含一般的顯性成本外,還包括相當高的隱性成本,從而掩蓋了上市公司進行股權融資所付出的真實代價,使資本市場配置資源的功能難以有效發揮。
百科解釋
In economics, an implicit cost, also called an imputed cost, implied cost, or notional cost, is the opportunity cost equal to what a firm must give up in order to use factors which it neither purchases nor hires. It is the opposite of an explicit cost, which is borne directly.