摘要
高质量的信息披露是资本市场有效运行的基础,而信息公共物品的性质、信息不对称现象、信息供给的自然垄断性造成的市场失灵及信息披露方和使用方之间的博弈,使得上市公司信息披露监管成为必需。因此,构建以强制性信息披露为主,自愿性信息披露作为补充的信息披露机制才是提升我国上市公司信息披露质量的根本之策。
High quality of the information release is the foundation for effective operation of capital market. However, nature public goods of information, phenomenon of the information asymmetry and market failure caused by monopoly of information supply make it necessary to govern information release of listed company. So it is a fundamental strategy to improve the information release quality of the listed companies. And we should establish an information system, which is based on proper dimension of compelled information release, and take voluntary release as supplementary information release.
出处
《新疆财经学院学报》
2006年第2期46-48,共3页
Journal of Xinjiang Finance & Economy Institute
关键词
强制性信息披露
市场失灵
信息不对称
博弈分析
Compelled Information Release
Market Failure
Information Asymmetry
Game Analysis
