Vote by foot

With the development of the modern capital market , the shareholders are liable to " vote by foot " with less and less sense of responsibilities trending more and more dispersing and reactive .

随着现代资本市场的发展，股东变得分散而消极，且更容易在资本市场上用脚投票来转移风险，对企业的责任日益减少。

Since the " vote by foot " was restricted by multiple factors , the institutional investors have been gradually increasing their use of " vote by hand ", and in doing so , the key strategy is shareholder activism .

在用脚投票受到多重因素限制后，机构投资者逐渐增加他们用手投票的方法使用，其主要的策略就是股东积极主义。

In the present institution centered on the rule-based governance commonly exists a kind of relation-based private order , which can influence investors in their appraisal of managers ' reputation through multiple and unofficial information channels , and then urge investors to vote by foot and hand .

在当前规则型治理为主的制度中，普遍存在着一种关系型的秩序，它通过多元非法定的信息渠道影响投资人对经理人声誉的评价，进而引发投资人用手用脚投票。

The stock market performs its motivation-constraint function by equity future , " vote by hand " and " vote by foot " . The credit market regulates the enterprises financing by credit ration .

股票市场通过实行股权期货、用手投票、用脚投票等制度安排对企业融资行为进行激励约束，信贷市场则通过信贷配给制度对企业融资行为进行约束。

Capital market designed two kinds of voting system for shareholders of listed companies , namely " vote by hand "( use their voting rights ) and " vote by foot "( buy or sell stocks on secondary market ) .

资本市场为上市公司股东设计了两种投票机制，即用手投票（行使表决权）和用脚投票（二级市场增持或抛售股票）。