中国证券市场监管效率：实证检验与对策研究

发布时间：2017-12-31 18:40

本文关键词：中国证券市场监管效率：实证检验与对策研究　出处：《首都经济贸易大学》2014年硕士论文　论文类型：学位论文

【摘要】：我国证券市场自成立以来，其在推动产业结构调整、优化资源配置和促进我国经济健康稳定发展方面起到了很大的推动作用。但是，目前我国的证券市场还很不规范，问题层出不穷，这对我国证券市场的发展产生了极大的影响，同时也阻碍了国民经济的增长。从我国证券市场开始建立之时，证券市场上就不断出现各种丑闻。从“银广夏”到“德隆系”案件，这些事件都对我国证券市场造成了极坏的影响。在社会的呼吁声中，我国政府逐渐采取了相应措施来加强对证券市场的监管，其中包括制定监管法规，查处违法违规行为，但是丑闻仍然层出不穷。处在转型期的发展中国家为了实现经济发展目标，需要在体制转轨过程中利用有价证券市场作为资本市场的主体，于是证券市场便在政府的强制性主动安排下产生了。基础薄弱，，法制不健全，运作不规范就成为了我国证券市场的突出问题。我国是一个新兴的转轨市场，虽然当下格局已经创建了一个集中的监管架构，但监管的现实效率相对较低。分析中国的证券监管效率低下的主要原因，并研究升级和改进监管效率的方法具有理论和现实的双重意义。本文的研究思路是紧紧围绕“证券市场监管效率”这一主题，从分析验证我国目前证券监管效率低下的现状出发，总结导致证券监管效率低下的问题并分析其原因，然后从博弈分析的角度提出改进和提高我国的证券监管效率的措施，重构证券监管结构模式，建立对监管者的激励约束机制，综合理论阐述和实证分析方法研究中国证券市场的效率问题。这对我国证券监管的发展不仅具有理论意义，同时具有现实的实践意义。
[Abstract]:Since the establishment of China's securities market, it has played a great role in promoting the adjustment of industrial structure, optimizing the allocation of resources and promoting the healthy and stable development of our economy. At present, the securities market in our country is still not standardized, and the problems emerge in endlessly, which has a great impact on the development of the securities market in our country, and also hinders the growth of the national economy. There have been various scandals in the securities market. From the case of "Silver Guangxia" to "Delong system", these incidents have caused a very bad impact on the securities market of our country. Our government has gradually taken appropriate measures to strengthen the supervision of the securities market, including the formulation of regulatory laws and regulations to investigate illegal acts. In order to achieve the goal of economic development, developing countries in transition need to use the marketable securities market as the main body of the capital market in the process of system transition. As a result, the securities market has come into being under the compulsory and active arrangement of the government. The weak foundation, imperfect legal system and irregular operation have become the outstanding problems in the securities market of our country. China is a new transition market, although the current situation has created a centralized regulatory framework, but the actual efficiency of regulation is relatively low. And to study the methods of upgrading and improving regulatory efficiency has both theoretical and practical significance. The research idea of this paper is to focus on the theme of "regulatory efficiency of securities market". Based on the analysis and verification of the current situation of the low efficiency of securities supervision in China, the paper summarizes the problems that lead to the low efficiency of securities supervision and analyzes the reasons. Then from the point of view of game analysis, the paper puts forward some measures to improve and improve the efficiency of securities supervision in our country, reconstructs the structural model of securities supervision, and establishes the incentive and restraint mechanism for regulators. Comprehensive theoretical analysis and empirical analysis of the efficiency of China's securities market, which not only has theoretical significance for the development of securities supervision in China, but also has practical significance.
【学位授予单位】：首都经济贸易大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51

【引证文献】