初探创业板信息披露的商业模式逻辑——基于中国概念股做空事件的视角

发布时间：2018-04-11 18:14

本文选题：上市公司信息披露 + 中国概念股　；参考：《经济研究参考》2012年53期

【摘要】：正始于2009年年底的中国概念股做空潮至今仍在继续,做空机构Citron(香椽)2012年6月21日发布研报称恒大地产(HK03333)已经资不抵债并且向投资人汇报虚假信息,恒大地产受此影响而出现中午收盘跌幅17%的该股历史跌幅之最。中概股被做空的原因通常归结为财务管理不严谨、会计造假、未满足信息披露条件、审计师违规、投资者关系管理不到位及对美国证券交易委员会相关要求不熟悉等,中国概念股也为此付出了高额罚款、集体诉讼、退出市场或私有化等代价,并且这种信任危机创伤了中国企业整体信誉,但中国概念股海外失利也为研究会计信息质量与结构提供新视角。
[Abstract]:The short-selling tide of Chinese stocks, which began at the end of 2009, continues to this day, with the short seller Citron (incense rafters) announcing on June 21, 2012 that Evergrande Real Estate, HK03333) is insolvent and reporting false information to investors.Evergrande property was affected by the noon close of the decline of 17%, the stock's biggest decline in history.The reasons for shorting Chinese stocks are usually attributed to poor financial management, accounting fraud, failure to meet information disclosure conditions, auditors' irregularities, inadequate investor relationship management, and lack of familiarity with the relevant requirements of the Securities and Exchange Commission.Chinese stocks have also paid hefty fines, class-action lawsuits, exit from the market or privatisation, and this crisis of trust has damaged the credibility of Chinese companies as a whole.But the overseas failure of Chinese concept stocks also provides a new perspective on the quality and structure of accounting information.
【作者单位】：北京工商大学商学院;经济科学出版社;
【基金】：2012年度教育部人文社会科学研究规划基金项目“创业型经济创新商业模式与创业板上市公司信息披露战略性重构”(项目批准号:12YJAZH152)的阶段性研究成果
【分类号】：F832.51

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