内幕交易违法所得计算研究

发布时间：2018-01-04 17:14

本文关键词：内幕交易违法所得计算研究　出处：《南京大学》2012年硕士论文　论文类型：学位论文

【摘要】：近年来,内幕交易已经逐渐演变成证券市场最主要的违法犯罪行为,一直以来也是学界研究的重点。但是对于违法所得计算的研究相对还是较少的,且在实际执法过程中也一直存在很多疑难问题。然而违法所得的数额将影响到行政处罚和刑事责任的追究,对此进行研究具有很重要的现实意义。因此,本文针对目前研究的不足和我国执法过程中遇到的疑难点,深入研究境外内幕交易违法所得计算的理论与实践。主要运用案例研究的方法,总共搜集了境外678个案例,研读了157个违法所得计算较为详细的案例,梳理总结出境外违法所得计算的相关内容：违法所得的界定、实际收益法、或有收益法及关键参数的确定等；并根据发展的趋势,对超额收益法进行前瞻性的研究,详细阐述了概念和计算模型,并介绍了目前国外现有的几种方法：基于事件研究法的潜在计量法和基于随机游走模型的潜在概率法；且对国内已公开的几个案例进行实证计算,比较分析各种方法的优劣势；通过上述的比较研究,为我国内幕交易违法所得计算实践提供具有可操作性的原则和方法。
[Abstract]:In recent years, insider trading has gradually evolved into the most important criminal activities in the securities market, which has been the focus of academic research. However, the research on the calculation of illegal income is relatively small. However, the amount of illegal income will affect the administrative punishment and criminal liability investigation, this study has a very important practical significance. In view of the deficiency of current research and the difficulties encountered in the course of law enforcement in our country, this paper deeply studies the theory and practice of the calculation of illegal income from foreign insider trading, mainly using the method of case study. A total of 678 cases abroad have been collected, 157 cases of calculation of illegal income have been read in detail, and summarized the relevant contents of the calculation of illegal income abroad: the definition of illegal income, the actual income method. Contingent income method and determination of key parameters; According to the trend of development, this paper makes a prospective study on the excess income method, and expounds the concept and calculation model in detail. It also introduces several existing methods in foreign countries: the potential metrology method based on event research and the potential probability method based on random walk model; And several cases that have been published in China have been empirically calculated, and the advantages and disadvantages of various methods are compared and analyzed. Through the above comparative study, it provides operational principles and methods for the calculation of illegal income from insider trading in China.
【学位授予单位】：南京大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.51;F275

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