上市公司信息披露的规范性问题研究

【作者】 李洁；

【导师】 傅荣；

【作者基本信息】 东北财经大学 ， 会计学， 2002， 硕士

【摘要】 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。我国上市公司的信息披露制度从无到有，已经初步形成一套比较完整的信息披露制度，对维护股市秩序，保护广大投资者利益起了积极作用。但是，同时我们看到上市公司的信息披露仍存在不少问题，如信息披露不真实、不充分、不及时以及其他会计信息披露所涉及的违规、违法事件时有发生，这些都直接导致了会计信息的失真，对于股市健康发展，对于国企改革，乃至对于社会、国家来讲，都是贻害无穷的。而对于广大投资者来说，会计信息失真会给他们投资以误导，以至投资失败损失惨重，严重地打击了投资者的信心；信息披露的不规范，还容易产生内幕交易，造成“信息不对称”，严重干扰股市正常运行；会计信息的失真，还可以掩盖上市公司生产经营的矛盾，造成国有资产和财政收入的大量流失；此外，还可能给社会带来不良影响，为部分作风不正的上市公司领导的贪污腐化大开方便之门，动摇企业的发展和生存，污染社会风气。因此，为维护经济秩序，重新公平配置经济资源，降低市场风险，提高市场效率，保证证券市场的健康稳定发展，完善上市公司的信息披露规范制度势在必行。本文针对我国上市公司情况，借鉴国际研究成果，进一步加强对上市公司信息披露规范的研究，对于提高上市公司信息披露透明度，保证上市公司质量，防范和化解市场风险，充分重视和坚持证券市场的公开、公平、公正原则，做好迎接由于加入WTO而对证券市场所产生冲击的准备，具有积极意义。本文分四个部分对上市公司信息披露的规范性问题进行了论述。首先，从总体上对信息披露进行了阐述，介绍了信息披露的基本含义和<WP=3>内容、目的和对象、途径和原则等。第二部分深入分析了上市公司信息披露存在的主要问题，并结合我国上市公司信息披露的现状，指出了信息披露不规范的危害性及其经济后果。第三部分揭示了上市公司信息披露不规范的原因，并针对其存在的问题，提出解决方案。第四部分主要从会计规范的角度，论述了完善上市公司信息披露规范制度的可行性和必要性，并借鉴国际先进经验，对我国会计准则提出改进建议。更多还原

【Abstract】 Along with the continuous development of China’s stock market its level of internationalization and standardization is raising day by day. The system of information disclosure for the public company grows more integrated out of nothing in our country and it plays great roles in vindicating the market orders and safeguarding the investors’ interest. Meanwhile we see that many problems exist when the public companies disclose their information to the publication. For example, disclose untrue, insufficiency and not prompt information, violate laws and orders deal with the other accounting information. All of these directly lead to the distortion of the accounting information. They entail untold troubles to the healthy development of the stock market, the reform of state enterprise, so far as to the whole society and country. For investors the distortion of the accounting information would advise them to make a mistake investment and lead to tragic losses. It will seriously beat the investors’ hope. Not standardization of the information disclosure can lead to deals done behind the scenes and bring about "asymmetry information", it can disturb the normal operating of the stock market, it can conceal the operating contradiction of the public company and cause losses in the state assets and financial revenues. Moreover it can bring about unhealthy infection to the society, provide a chance of corruption for the leader, shake the development and existence of the public company, contaminated the social morale. So for safeguarding economic orders, fairly reallocating economic resources, reducing the market risk, improving<WP=5>the market efficiency, guaranteeing the healthy and steady development of the securities business improvement of the standard criterion of the information disclosure for the public company is necessary under the situation.In view of our country’s situation, using for reference the international research result, the research of the standard criterion of information disclosure is of great importance to improve the transparence of the information disclosure, guarantee the quality of the public company, guard and eliminate the market risk. Moreover it can promote people to follow the open, impartial and fair principle and get ready to meet the challenge because of going into the WTO.In this thesis, the theme concerning with the standardization of information disclosure of the public company is discussed in four parts.In part one, from the prospective of the whole system the information disclosure is elaborated, where the basic meaning and content, the target and object, the path and principle are explained. In part two, the main problems exist in the information disclosure are analyzed, and the present situation of information disclosure of China public company is elaborated, from which the harm and economic result of not standardization of information disclosure are pointed.In part three, kinds of reasons of not standardization of information disclosure are concealed, the solutions are made aimed at the problems.In part four, from the prospective of accounting standard, the feasibility and necessity of improvement the standard criterion of<WP=6>information disclosure are elaborated, the suggestions for improving the accounting principles are made using for reference the international advanced experiences.更多还原