摘要
股票发行制度是一国资本市场的准入制度,对股票市场的健康发展起着重要作用。由于历史条件和经济环境的影响,中国和日本的股票市场规模及效率不同,所以其发行制度也存在很大差异。分析表明,这些差异主要体现在发行审核体制、信息披露制度和发行定价这3个方面,中国在完善股票市场发行制度方面应该关注这些方面的深远影响。
Stock issuance involves capital market accessibility of a country and plays an important role in the development of stock markets. The differences in historical conditions and economic environment have distinguished China and Japan in terms of size and efficiency of their stock markets, which have consequently made differences in their stock issuance institutions. Specifically, the stock issuance institutions of the two countries are different in issuance examination, information disclosure and IPO pricing. The Japanese issuance institution has thoughtful implications for China.
出处
《现代日本经济》
CSSCI
2011年第5期16-23,共8页
Contemporary Economy OF Japan
基金
吉林省社会科学基金项目"发展基金产业
建立基金总部基地对吉林省经济的促进作用研究"(2011B031)
教育部人文社会科学重点研究基地重大项目"我国金融资产
商品及劳动力价格的动态传导机制与宏观调控研究"(08JJD790153)
吉林大学基本科研业务费创新团队项目(2009D005)
"吉林大学985工程项目"资助
关键词
股票市场
发行制度
信息披露
发行定价
Stock market
Issuance Institution
Information Disclosure
IPO Pricing
