【摘要】 内幕交易首先是作为一种经济现象而存在的 ,对内幕交易存在价值的经济分析 ,是构建反内幕交易立法的重要基础。本文在介绍、评析内幕交易经济分析正反两方面的观点后 ,认为内幕交易所引发的道德风险和投资者信心的丧失 ,是反内幕交易立法的基本经济依据。更多还原

【Abstract】 Insider trading is primarily an economic phenomenon. The economic analyses of the value of insider trading are the theoretical foundation of anti-insider trading legal system. After introducing and evaluating the positive and negative views about the economic analyses of insider trading, this paper holds that moral hazard and losing of public confidence caused by insider trading are the basic economic origins of anti-insider trading legal system.更多还原