上市公司财务信息披露的政府监管分析

发布时间：2018-04-17 05:37

本文选题：财务披露 + 上市公司　；参考：《东北师范大学》2013年硕士论文

【摘要】：中国股市发展的这20多年以来，扩容率排在全球第一。目前已经有2500多只股票挂牌上市。相比较，美国股市发展已经200多年，目前总共才3000多只股票。上市公司一般以规范的公司治理结构而闻名，不过虚假披露，欺诈信息等一直隐藏在许多公司光鲜亮丽的业绩背后。投资者和监管方都需要擦亮眼睛，股市也需要“315”。近年来，上市公司财务造假问题层出不穷，垃圾股票仍继续在股市中稀释资金，中小股民的钱不断被洗劫，政府对于股市的有效监管问题必须及时得到有效的解决。可以看出，虽然中国股市的发展十分迅速，可是繁荣的背后是否有泡沫的存在，也逐渐成为证券市场的隐忧。加大政府部门对财务信息披露的检查监督，加强监管和惩罚力度，对解决证券市场的信息披露问题具有非常重要的意义。本研究以新公共管理理论为基本的理论基础，新公共管理理论认为，完全竞争的市场只在理论中存在，现实中政府对市场的规制和管理作用必不可少，，政府干预有存在的必要和价值。政府干预旨在规范企业行为和规避市场风险，政府与企业并非是对立关系，而应该是相互依存，相互依靠的合作关系，政府与企业关系的变化除了遵循市场经济条件下政企关系演进的共同规律外，也同时具有中国特色。现如今，市场改革推动了传统政府与企业关系的转型，政府的职能从政治统治为主逐渐向公共管理为主，政府的经济管理职能进入了新的阶段。股份制企业已经成为经济发展的趋势，随着我国股票市场的不断发展，股市的国际化、规范化程度正日益提高，已经形成了一套初步的信息披露制度，对建立公平、公正、公开的证券市场，保护广大投资者利益起到了积极的作用。但由于我国证券市场面临着“新兴+转型”的制度和发展环境，我国上市公司财务信息披露中还存在不规范的现象，近年来国内连续出现一系列公司财务丑闻和证券欺诈事件，揭示出我国现代证券市场并未很好的解决上市公司财务信息披露问题，这既损害了我国证券市场和上市公司的健康发展，也损害了广大投资者的利益。因此，研究政府对上市公司财务信息披露质量的监管，有着很大的现实意义和理论意义。
[Abstract]:China's stock market has developed for more than 20 years, the expansion rate ranked first in the world.At present, there are more than 2500 stocks listed on the market.By comparison, the U.S. stock market has been developed for more than 200 years, and now only more than 3000 stocks.Listed companies are generally known for their normative corporate governance structures, but false disclosures and fraudulent information have been hidden behind the glittering performance of many companies.Investors and regulators need to sharpen their eyes, and stock markets need 315.In recent years, the problem of financial fraud of listed companies emerges in endlessly, the junk stock still continues to dilute the funds in the stock market, the money of the small and medium shareholders is constantly ransacked, the effective supervision of the government to the stock market must be solved in time and effectively.It can be seen that although the development of China's stock market is very rapid, whether there is a bubble behind the prosperity has gradually become a hidden concern of the securities market.It is of great significance to strengthen the inspection and supervision of financial information disclosure, strengthen the supervision and punishment, and solve the problem of information disclosure in the securities market.This research takes the new public management theory as the basic theory foundation, the new public management theory holds that the completely competitive market only exists in the theory, in reality, the government's regulation and management function to the market is indispensable.Government intervention is necessary and valuable.Government intervention is aimed at standardizing enterprise behavior and avoiding market risks. Government and enterprises are not opposed to each other, but should be interdependent and interdependent cooperative relations.The change of the relationship between government and enterprise not only follows the common law of the evolution of the relationship between government and enterprise under the condition of market economy, but also has Chinese characteristics.Nowadays, market reform has promoted the transformation of the traditional relationship between government and enterprise. The function of government has gradually changed from political rule to public administration, and the economic management function of government has entered a new stage.The shareholding enterprises have become the trend of economic development. With the continuous development of the stock market in our country, the internationalization and standardization of the stock market are increasing day by day, and a preliminary information disclosure system has been formed, which is fair and just to the establishment of the stock market.Open securities market, the protection of the interests of investors played a positive role.However, due to the system and development environment of "emerging transformation" in China's securities market, there are still some irregularities in the financial information disclosure of listed companies in China. In recent years, there have been a series of corporate financial scandals and securities fraud in China.It is revealed that the modern securities market of our country has not solved the problem of financial information disclosure of listed companies very well, which not only damages the healthy development of our securities market and listed companies, but also damages the interests of the majority of investors.Therefore, it is of great practical and theoretical significance to study the government supervision on the quality of financial information disclosure of listed companies.
【学位授予单位】：东北师范大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F276.6

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