【作者】 罗建；

【导师】 王建平；

【作者基本信息】 四川大学 ， 民商法， 2004， 硕士

【摘要】 上市公司的公告问题,是作为上市公司的股份有限公司对于公司股东、社会以及证券市场所负有的法定义务。按照我国和世界各国证券市场的产生、发育和发展与完善的历史经验:上市公司对公告的态度,以及由此带来的行为,是反映上市公司素质的一种主要形式。 在我国,上市公司的虚假陈述,首先是在公告上做手脚的。也就是,许多上市公司的虚假陈述,至少要表现在公告的虚假上。 公告的虚假、不及时,以及公告的其他问题,都是上市公司素质不高的表现。作为一个崭新的研究课题,上市公司的公告行为,是具有牵一发动全身研究功能的课题。 为此,本文首先从观念层面上,也就是在立法理念上研究和讨论为什么要进行上市公司公告,其理论基础是什么,然后从现实的角度对我国目前上市公司公告存在的问题及原因进行分析,最后从技术层面研究如何完善上市公司公告制度。 本文分为五个部分: 第一部分是从上市公司公告的必要性、特殊性和效益性角度来阐述上市公司公告原理 第二部分是讨论上市公司公告的理论基础,包括有效市场假设理论、信息不对称理论、成本效益理论、资产组合理论及委托代理理论 第三部分是指出上市公司公告的缺陷与问题 第四部分是分析上市公司公告失范的原因 第五部分提出解决上市公司公告失范的对策更多还原

【Abstract】 The issue of announcement of listed corporations concerns the legal obligations to the shareholders of the corporation, society and stock market which impose on public limited liability corporations.In the light of the historical experiences drawn from the emergency, growth, development and maturity of the stock markets of our country and other countries, we found that the attitude of listed corporations toward their announcement with the activities it brought about is a main formal expression which can reflect the quality of a listed corporation. In our country, the listed corporations always give fictitious statements by tamper with their announcement, in other words, the fictitious statements of many listed corporations at least embodied on falsehood of their announcement.The problems of the announcements such as falsehood and deferment are all the representations of low quality of a listed corporation. As a novel research subject, the study on announcement of the listed corporations is very significant. Firstly, this disquisition researches and discusses the necessity and theoretical foundation of the announcement from the level of legislative conceptions.Then from the practical aspect, the disquisition analyses the problems of the announcement and causes of their formation at present in our country. At last, the disquisition focus on how to perfect the announcement system of listed corporations from technical level.This disquisition can be divided into five parts:Part one clarifies the principles of the announcement of listed corporation from the aspects of necessity, particularity and benefit of the announcement.Part two discusses the theoretical foundations of the announcement including the theory of efficient market hypothesis, the theory of information asymmetry, the theory of cost and benefit, the theory of portfolio and the theory of appointed agency.Part three points out the defects and problems of the listed corporations.Part four analyses why many listed corporation can’t conform to the standard.Part five puts forward the countermeasures.更多还原