证券市场虚假陈述行为的法经济学分析

发布时间：2018-04-10 22:30

本文选题：证券市场 + 虚假陈述　；参考：《广东财经大学学报》2017年02期

【摘要】：目前,我国已初步建立证券欺诈纠纷解决的法律框架。根据对证券市场虚假陈述案件的行政处罚和民事诉讼案件数量的统计分析,我国证券市场的虚假陈述行为总体上呈递增趋势,而相关的民事诉讼案件数量却没有呈现同比例增长。故将法律规制的影响内嵌于投资者和侵权人对于诉讼的预期之中,以成本—收益法权衡投资者和侵权人的预期净收益,根据不完全信息动态博弈模型,分析证券虚假陈述民事纠纷主体的行为对策。虚假陈述行为人的侵权行为是一个利益权衡过程,从法律规制的角度提高侵权人的预期违法成本支付是一个必然的路径。
[Abstract]:At present, China has initially established a legal framework for resolving securities fraud disputes.According to the statistics and analysis of the administrative punishment and the number of civil litigation cases of the misrepresentation cases in the securities market, the misrepresentation behavior of the securities market in our country generally shows an increasing trend.However, the number of related civil cases has not increased in the same proportion.Therefore, the influence of legal regulation is embedded in the expectation of litigation by investors and infringers, and the expected net income of investors and infringers is weighed by cost-income method, and the dynamic game model of incomplete information is used.This paper analyzes the behavior countermeasures of the civil dispute subject of securities misrepresentation.The tortious behavior of the perpetrator of false statement is a process of balancing interests. It is an inevitable way to increase the expected illegal cost payment of the infringer from the angle of legal regulation.
【作者单位】：上海财经大学法学院;
【分类号】：D922.287

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