中国证券市场监管有效性研究

发布时间：2018-02-14 11:05

本文关键词： 证券监管有效性判别标准重要性排序　出处：《中国工业经济》2011年06期 　论文类型：期刊论文

【摘要】：本文通过对监管部门等进行问卷调研,提炼和归纳了判别监管有效性的6个标准:综合性、针对性、严密性、前瞻性、权威性、及时性,从逻辑上论证了6个标准很好地满足了促进性、判别性、独立性、完整性这4个条件;引入并运用层次分析法对6个判别标准的重要性排序进行了实证研究,根据所有被调查者整体组合的综合权重向量,建立了监管有效性模型。论文分别运用七级标度、有效性模型,分两个阶段对中国证券市场监管有效性进行实证检验,一并加以比较。结论是二者结果相近,由此证明了6个判别标准及其有效性模型的适用性。研究发现,所有被调查者对中国证券监管效果的整体评价和对具体政策效果的评价都没有达到及格水平,得分最低的是前瞻性。
[Abstract]:Through the questionnaire investigation of the supervision department, this paper abstracts and sums up the six criteria for judging the effectiveness of supervision: comprehensive, pertinence, tightness, foresight, authoritativeness, timeliness, etc. Logically, it proves that the six criteria can satisfy the four conditions of promotion, discrimination, independence and integrality, and introduces and uses the analytic hierarchy process (AHP) to make an empirical study on the importance ranking of the six criteria. According to the comprehensive weight vector of all the respondents' overall portfolio, a regulatory effectiveness model is established. The paper uses the seven-level scale and the validity model to test the regulatory effectiveness of China's securities market in two stages. The conclusion is that the two results are similar, thus proving the applicability of the six criteria and their validity models. All the respondents' overall evaluation of China's securities regulatory effect and the evaluation of the specific policy effect did not reach the passing level, and the lowest score was forward-looking.
【作者单位】：对外经济贸易大学国际商学院;
【基金】：国家社会科学基金项目“中国资本市场监管有效性研究”(批准号05BJL028)
【分类号】：F832.51

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