上市公司信息披露法律规制研究

发布时间：2018-01-23 19:08

本文关键词： 信息披露违规实证研究法律规制　出处：《吉林大学》2017年硕士论文　论文类型：学位论文

【摘要】：伴随着改革开放进程的不断深入,我国经济飞速发展,资本市场体量在不断扩大,上市公司数量的激增便是最显著的标志之一。上市公司的发展推动了我国经济的发展,为我国创造了大量物质财富。然而,在上市公司发展壮大的过程中,制度的不健全、监管的滞后性等方面的不足导致问题层出不穷,因此,如何加强对上市公司的监管成为促进资本市场健康发展的重要课题之一。其中,信息披露制度的规制又是上市公司监管的首要内容。信息披露既是广大投资者得以了解上市公司状况的主要途径,同时又是监管机构监督上市公司活动的重要依据。实践过程中,我国上市公司在信息披露方面存在许多问题,公司信息披露违规行为屡见不鲜。为更好了解信息披露违规,本文立足于实证研究,以深圳国泰安CSMAR数据库为基础,选取了处罚公布日期从2014年1月1日至2016年12月12日共计1241个上市公司信息披露违规案例为样本进行研究,采用实证研究方法,基于案例数据探讨上市公司实施信息披露违规行为的特征以及监管机构对其违规行为处罚的效果,试图对该行为的规制进行有价值的探索,以达到改善信息披露违规现状的目的。首先,笔者梳理了我国上市公司信息披露违规的含义及规范体系,对其表现形式与危害进行了分析,并选取典型案例进行了说明,以此为基础讨论信息披露违规的重要性与必要性。其次,从违规主体与内容出发,结合样本数据及案例对违规信息披露行为的特征进行分析,试图通过分析找出上市公司信息披露违规的“重灾区”。再次,从处罚机构、依据、措施方面出发,结合样本数据及案例对信息披露违规处罚进行考察,分析处罚的威慑力。最后,以前文的实证分析为基础,对症下药,主要从提高监管效率、完善信息披露内容与加大处罚力度三方面为我国加强上市公司信息披露违规行为的法律规制提出建议。
[Abstract]:With the deepening of the reform and opening up process, China's rapid economic development, capital market volume is expanding. The rapid increase in the number of listed companies is one of the most significant signs. The development of listed companies has promoted the development of our economy and created a lot of material wealth for our country. However, in the process of the development of listed companies. The imperfection of the system and the lag of supervision lead to many problems. Therefore, how to strengthen the supervision of listed companies has become one of the important issues to promote the healthy development of capital market. The regulation of information disclosure system is also the primary content of the supervision of listed companies. Information disclosure is the main way for investors to understand the situation of listed companies. At the same time, it is also an important basis for the supervision of the activities of listed companies. In the process of practice, there are many problems in information disclosure of listed companies in China. In order to better understand the violation of information disclosure, this paper based on empirical research, based on Shenzhen Cathay'an CSMAR database as the basis. From January 1st 2014 to December 12th 2016, a total of 1241 cases of information disclosure violations of listed companies were selected as samples, and empirical research methods were used. Based on the case data, this paper discusses the characteristics of the information disclosure violation of listed companies and the effect of the regulatory authority on the punishment of the violation, and attempts to explore the regulation of the behavior. In order to achieve the purpose of improving the status quo of information disclosure violations. First of all, the author combed the meaning and standard system of information disclosure violations of listed companies in China, and analyzed its manifestation and harm. And select a typical case to explain, on the basis of this discussion of the importance and necessity of information disclosure violations. Secondly, from the subject and content of violations. Combined with sample data and cases to analyze the characteristics of illegal information disclosure behavior, try to find out the listed company information disclosure violations of the "disaster area." again, from the punishment institutions, the basis, measures. Combined with sample data and cases to investigate the punishment of information disclosure violations, analysis of the deterrent penalty. Finally, the empirical analysis of the previous paper as the basis, the right medicine, mainly from improving the efficiency of supervision. To improve the content of information disclosure and increase the intensity of punishment, this paper puts forward some suggestions for strengthening the legal regulation of information disclosure violations of listed companies in our country.
【学位授予单位】：吉林大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：D922.287

【参考文献】