hand valuation meaning in English

手测验

However , information asymmetry could actually exist during certain periods or within certain sectors , which leads to market valuation cycles . on one hand valuation cycles have significant influence on the way external investments are made . on another hand , during those cycles , valuation criteria may be significantly different for short term and long term
一方面资本市场的高涨或低迷会影响公司对投资方式的选择，另一方面市场的周期性导致其对公司短期和长期评价标准的不一致，如果公司不考虑这些因素，就可能受到市场负面的评价，从而影响融资和经营。