利润效应

这表明，股市真正的推动因素不是汇率波动及其利润效应，而是风险偏好。

That suggests the real driver is not the currency move and its profit effects so much as risk appetite .

为了弥补机会成本缺失，消除银行有可能出现更少的创利空间，采用金融抑制和较高的银行业价差作为制约（固定）汇率机制产生蚕食利润效应的主要金融工具。

Thus in order to offset this lack of opportunity cost and lower potential banking profitability , financial repression and higher banking spread are used as a crucial instrument to offset these profit eroding effects triggered by the exchange rate regime ( pegged ) .

实证结果表明，RD补贴具有明显的利润转移效应，能够发挥对高新技术产业的保护作用，但是我国目前的RD补贴金额小于最佳补贴金额。

Empirical study results that the R D subsidies have obvious effect on shifting profits and protecting the hi-tech industry , but the current R D subsidy amount is less than the optimal amount .

而且，利润提升效应可能将延续至未来一年左右。

And the bottom line boost is likely to stretch over the next year or so .

因为资产置换以最简捷的资本集中手段实现了资源的最优配置，较之资本积累而言，资本集中可以在较短时间内为企业带来较为明显的资本扩张和利润回报效应。

Compared with capital accumulated , capital convergence can bring obvious capital expansion and profit return in short time .

金融开放后，我国银行业的客户和信贷风险替代效应、利润替代效应不可避免。

When finance industry opens completely , the banking industry of China will inevitably face the substitution effect of customer and credit risk as well as the substitution effect of profit .

在客户流失严重的电信行业市场竞争中，忠诚的客户能使企业的利润产生累积效应，使企业持续盈利，于是，如何获得有价值的客户，便成为今天电信企业竞争的焦点。

In the telecom market competition with serious drainage of the customers , the loyal customers can make enterprises ' profit produce accumulated effect and gain sustained profit . So , how to obtain the loyal customer becomes the focus of the competition of telecom enterprises .

战略性贸易政策理论主张政府应积极干预存在超额利润或技术外溢效应的寡头垄断产业以实现本国社会净福利的最大化。

The strategic trade policy suggests the government interfere with the oligopolistic industries that exist excessive profit or technological spillovers to maximize national net welfare .