【摘要】 为了在不断变迁的理论中,找到完善和创新中国证券监管机制的理论钥匙,运用文献分析的方法,对证券监管理论的演进脉络进行了梳理和评价。分析指出,证券监管理论萌生于福利经济学的公共利益理论,成型于规制经济学的利益集团理论,长成于法经济学监管与法的理论;单个理论都有其历史的局限和不足,证券监管理论将走向综合;法律不完备理论关于监管机构分享执法权和相应立法权的观点,对中国证券监管权的配置和行使具有较强的启示意义。更多还原

【Abstract】 In order to find the right theory for the perfection and innovation of China’s security regulatory mechanism in the ever-changing theories,this paper,with the help of analytical method of literature,reviews and evaluates theories of the security regulation.The analysis shows that the security regulatory theory originates from the public interest theory of welfare economics,forms the regulation-interest group theory under regulatory economics,and grows into the regulation and legal theory under the law and economics.Each theory has its own historical limitations and shortcomings,and therefore theories of security regulation will move towards integration.The viewpoint of the regulatory agencies to share legal enforcement powers and the discretionary legislative authority under the incomplete law theory is of great significance for the devolopment and implementation of China’s security regulatory powers.更多还原