浅析证券虚假陈述民事赔偿的计算方法

发布时间：2018-04-27 18:53

本文选题：证券市场 + 虚假陈述　；参考：《中国社会科学院研究生院》2013年硕士论文

【摘要】：证券市场不仅是一个配置资本的市场，更是一个需要公正的市场。在证券市场中，各主体之间的利益冲突不可避免，利益的分配会受到各种因素的影响。如果说公平、公正、公开的三公原则是证券市场的基石，那么投资者利益可谓是证券市场的核心。如何更好地保护投资者利益，尤其是中小投资者利益，更是证券市场一个永恒的话题。由于证券交易的复杂性和证券市场的特殊性，有关于赔偿证券的民事损失的计算问题一直都是证券案件中比较棘手的问题。尤其是最近的数十年中，证券市场中的参与者感受到其越来越复杂和越来越繁荣的趋势，借助于法律的武器保护自身权益的寻求也越来越强烈。证券法通过在证券侵权中确立民事责任制度，以图实现证券市场的公平公正，这也在很大程度上起到了对证券市场投资者的保护的作用，也对维护证券市场的正常交易秩序有着非常重大的意义。但还需要认识到，我国《证券法》和相关司法解释在证券市场虚假陈述民事赔偿的计算方法的规定方面，还有其不足之处。本文中，笔者首先论述了证券市场虚假陈述民事赔偿责任制度；接着，在对比美国证券法中虚假陈述民事赔偿后，，通过结合我国《最高人民法院关于审理证券市场因虚假陈述引发的民事赔偿案件的若干规定》中关于证券虚假陈述民事赔偿的内容，展开针对我国证券虚假陈述民事赔偿计算方法、平均价格确定以及基准日等问题的进一步的论述。最后，笔者认为，在将来立法规定我国的证券市场虚假陈述民事赔偿的计算方法时，应当对我国的具体实情予以充分考虑，规定符合我国国情的虚假陈述民事赔偿的计算方法，从而进一步完善我国的虚假陈述民事赔偿制度。
[Abstract]:The securities market is not only a capital allocation market, but also a fair market. In the securities market, the conflicts of interest among the main bodies are inevitable, and the distribution of interests will be affected by various factors. If the principle of fairness, justice and openness is the cornerstone of the securities market, then the interests of investors are the core of the securities market. How to better protect the interests of investors, especially the interests of small and medium investors, is an eternal topic in the securities market. Due to the complexity of securities trading and the particularity of securities market, the calculation of civil losses of compensation for securities has always been a thorny problem in securities cases. Especially in recent decades, the participants in the securities market feel the trend of more and more complex and prosperous, and seek to protect their rights and interests with the aid of the law. The securities law establishes the civil liability system in the securities infringement in order to realize the fairness and justice of the securities market, which to a large extent plays the role of protecting the investors in the securities market. Also to maintain the normal trading order of the securities market has a very great significance. However, it is also necessary to realize that there are still shortcomings in the calculation of civil compensation for misrepresentation in the securities market in China's Securities Law and related judicial interpretations. In this paper, the author first discusses the civil liability system of false statements in the securities market, and then, after comparing the civil compensation for false statements in the securities laws of the United States, In combination with the provisions of the Supreme people's Court of our country concerning civil compensation cases caused by false statements in the securities market, the contents of civil compensation for securities misrepresentation are discussed. This paper further discusses the calculation method of civil compensation for securities misrepresentation, the determination of average price and the reference date. Finally, the author thinks that in the future, when legislating the calculation method of civil compensation for misrepresentation in securities market of our country, we should give full consideration to the concrete facts of our country, and stipulate the calculation method of civil compensation of false statement according to the national conditions of our country. In order to further improve our country's system of civil compensation for false statements.
【学位授予单位】：中国社会科学院研究生院
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：D923;D922.287

【共引文献】