我国证券市场监管有效性的法经济学分析

发布时间：2018-01-03 15:00

本文关键词：我国证券市场监管有效性的法经济学分析　出处：《湖南师范大学》2013年硕士论文　论文类型：学位论文

【摘要】：证券投资市场近些年来成为社会中热门的话题,在此背景之下,社会各界都在呼吁要更好的保护投资者的利益,有关的学术界人士也提出了各种建议。但应当看到的是,证券市场中一些多年没能解决的问题持续的困扰着我们,在对市场进行监管的过程中,依然存在着许多的不足之处,到底是哪些因素在影响着监管的有效性?我们需要透过现象看到本质,而不能仅仅从监管的于段和力度上做文章。本文结合我国目前证券市场的实际情况,从历史和实证的角度,利用法经济学的成本—收益范式,以效益最大化为目标,对我国证券市场监管的相关制度进行了分析和评价,以求找到合理的制度安排,实现效益最大化。根据经济学原理我们知道：市场会出现失灵,对于我们国家证券市场监管中存在的一些问题,依据这一经济学原理进行评析,指出监管存在的合理性及其存在的问题,并对未来的监管制度作了展望；在探讨如何实现我国证券市场监管有效性的过程中,本文闸述了在监管过程如何划定政府和市场的边界,并对执法的效率做了成本——收益分析。闸释了全球化时代我国证券市场的新发展,指出了我国证券市场监管中存在的固有问题,包括监管理念、监管方式和监管体制上存在的问题,对丁如何在经济全球化背景下提升我国证券市场监管的有效性,本文提出了需要正确处理监管机构和市场的关系,增加法律的供给意愿,并降低相应的供给成本；加大处罚力度,提高违法成本合理设计处罚机制,降低执法的成本；完善市场的激励机制,增加守法收益；完善证券市场的监管体制,降低监管成本；树立适度监管的原则,降低成本的投入七项对策。
[Abstract]:The securities investment market has become a hot topic in the society in recent years. Under this background, all sectors of society are calling for better protection of the interests of investors. Relevant academics have also put forward a variety of proposals. But it should be noted that some of the securities market has not been able to solve the problems that continue to haunt us, in the process of supervision of the market. There are still many shortcomings, which factors affect the effectiveness of regulation? We need to see the essence through the phenomenon, but not just from the regulation of the paragraph and strength. This article combines the actual situation of our current securities market, from the historical and empirical point of view. Using the cost-benefit paradigm of law and economics, this paper analyzes and evaluates the relevant systems of securities market supervision in China with the aim of maximizing the benefits, in order to find out reasonable institutional arrangements. According to the principle of economics, we know that the market will be out of order. Some problems existing in the supervision of our country's securities market are evaluated according to this economic principle. The rationality of supervision and its problems are pointed out, and the future supervision system is prospected. In the course of discussing how to realize the effectiveness of supervision in China's securities market, this paper discusses how to delimit the boundary between the government and the market in the process of supervision. It also analyzes the efficiency of law enforcement, explains the new development of China's securities market in the era of globalization, and points out the inherent problems in the supervision of China's securities market, including the concept of supervision. In view of the problems existing in the mode and system of supervision, this paper puts forward the need to correctly deal with the relationship between the regulatory agencies and the market, as to how to improve the effectiveness of the supervision of the securities market in China under the background of economic globalization. Increase the supply willingness of the law and reduce the corresponding supply cost; Strengthen punishment, raise the cost of breaking the law, design the punishment mechanism reasonably, and reduce the cost of law enforcement; Perfect the incentive mechanism of the market, increase the benefit of abiding by the law; Perfecting the supervision system of the securities market and reducing the supervision cost; Set up the principle of moderate supervision, reduce the cost of investment seven countermeasures.
【学位授予单位】：湖南师范大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：D922.287

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