上市公司信息披露法律问题研究

发布时间：2017-12-27 01:30

本文关键词：上市公司信息披露法律问题研究　出处：《黑龙江大学》2016年硕士论文　论文类型：学位论文

【摘要】：自证券市场诞生,尤其是近二十年来,国内外信息披露舞弊、欺诈的丑闻屡屡出现,严重损害了广大中小投资者的权益,已经引起证券市场的诚信危机,影响了证券市场的健康发展。如何提高证券市场信息披露规范性,保护投资者利益始终是我国证券市场的重中之重。健全完善的上市公司信息披露制度是实现这一目的的法律保障,对保持证券市场稳定,促进证券市场的发展至关重要。我国根据不同时期的证券市场发展实践,颁布了一系列信息披露法律、法规,对证券市场信息披露法律行为起到了良好的规范作用。但是我国目前的证券信息披露制度在处罚力度、民事赔偿诉讼机制等方面均存在许多问题,既影响了我国证券市场的健康发展,也使广大中小投资者承担风险或遭受损失。本文从分析三个我国信息披露的典型案例入手,探讨我国信息披露法律制度存在的问题,提出了完善上市公司信息披露法律制度的合理化对策和改进措施,本文共分为四个部分:第一部分绪论,对信息披露法律制度进行简明阐述,并对本文的选题背景和选题意义进行说明。通过相关文献的分析奠定本文的理论基础。第二部分,是违法信息披露典型案例分析。首先回顾近二十年来我国上市公司信息披露方面的案件简介、行政处罚、刑事处罚、民事赔偿等。然后,通过对具体案件的分析,进一步发现信息披露法律的滞后性,深入探讨我国现行信息披露法律制度应对现实中的各种各样的案件所面临的困境。第三部分,探讨我国上市公司信息披露法律制度的现状和存在的主要问题。主要从违法成本低、处罚力度小、赔偿额度低、缺乏集团诉讼、不合理的前置程序、民事责任制度不完善等方面分别论述。第四部分,提出完善我国上市公司信息披露法律制度的建议。根据第三部分归纳出来的问题,提出完善对策:加大处罚力度、提高赔偿额度、建立集团诉讼、取消前置程序。只有规范上市公司的信息披露行为才能保障证券市场的安全和公正,这是我国证券市场长期健康发展的关键,更是保护中小投资者合法利益的重要措施。本文通过分析三个典型上市公司信息披露案例,探讨我国信息披露法律制度存在的问题,并提出健全完善我国信息披露法律问题的建议和措施。希望本文的写作对规范上市公司信息披露行为,健全和完善上市公司的信息披露法律制度尽微薄之力。
[Abstract]:Since the birth of securities market, especially in recent twenty years, scandals of information disclosure fraud and fraud have occurred repeatedly, which has seriously damaged the interests of small and medium-sized investors. It has caused the integrity crisis in the securities market and has affected the healthy development of the securities market. How to improve the standardization of information disclosure in the securities market and protect the interests of investors has always been the most important part of China's securities market. A sound and sound information disclosure system of listed companies is a legal guarantee for achieving this goal, which is very important for maintaining the stability of the securities market and promoting the development of the securities market. According to the development practice of securities market in different periods, China promulgated a series of laws and regulations for information disclosure, which played a good role in standardizing the legal behavior of information disclosure in securities market. However, there are many problems in China's current securities information disclosure system in terms of penalties and civil compensation litigation mechanisms, which not only affect the healthy development of China's securities market, but also make small and medium-sized investors take risks or suffer losses. Based on the analysis of three typical cases of information disclosure in China, discusses the problems of the legal system of information disclosure in China, puts forward the reasonable countermeasures to legal system of information disclosure of listed companies and the improvement measures, this paper is divided into four parts: the first part is the introduction of the information disclosure legal system were briefly described, and on the background and significance of the topic are described. The theoretical basis of this paper is established through the analysis of relevant literature. The second part is a typical case analysis of illegal information disclosure. First, we review the brief introduction of information disclosure, administrative penalty, criminal punishment and civil compensation for the information disclosure of Listed Companies in China in the last twenty years. Then, through the analysis of specific cases, we find that the law of information disclosure is lagging behind, and further explore the difficulties faced by our current information disclosure legal system to deal with all kinds of cases in reality. In the third part, the present situation and main problems of the legal system of information disclosure of Listed Companies in China are discussed. It is mainly discussed from the aspects of low illegal cost, small punishment, low compensation amount, lack of group action, unreasonable preposition procedure and imperfect civil liability system. The fourth part, put forward suggestions to improve the legal system of information disclosure of Listed Companies in China. According to the problems summed up in the third part, the countermeasures are put forward: to strengthen the punishment, to raise the amount of compensation, to establish the group litigation and to cancel the prepositional procedure. Only by standardizing the information disclosure behavior of listed companies can we ensure the security and fairness of the securities market. This is the key to the long-term healthy development of China's securities market, and it is also an important measure to protect the legitimate interests of small and medium investors. Based on the analysis of three typical listed companies' information disclosure cases, this paper probes into the problems existing in the legal system of information disclosure in China, and puts forward some suggestions and measures for improving and perfecting the legal issues of information disclosure in China. It is hoped that the writing of this article will help to standardize the information disclosure behavior of listed companies and to improve and perfect the legal system of information disclosure of listed companies.
【学位授予单位】：黑龙江大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：D922.287;D920.5

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