However, whether the benefit protected by the antitrust law is allocative efficiency or is the consumer welfare, antitrust experiences have not yet reached any consensus. 反托拉斯立法的保護法益，是以配置效率為主或以消費者福利為對象，實(shí)務(wù)上則仍未有一致的結論。
It is therefore believed that investors are misled by the surplus management to overvalue the stocks, leading to sliding efficiency of capital allocation. 本文認為，上市公司配股過(guò)程中的盈余管理誤導了投資者的決策，造成了股票價(jià)值的高估和資本配置效率的下降。
