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有效市场理论认为市场有效性的增加,与证券市场信息披露的充分性呈现很强的正相关性。因此,提高证券市场的有效性,最关键的问题就是完善上市公司信息披露制度。本文尝试从信息披露制度的经济学分析入手,结合我国股权分置的特殊国情,深入挖掘探讨了有效资本市场与会计信息质量之间的密切关系。
According to the theory of effective market, the increase of market effectiveness shows a strong positive correlation with the adequacy of information disclosure in the securities market. Therefore, to improve the effectiveness of the securities market, the most crucial issue is to perfect the information disclosure system of listed companies. This article attempts to start with the economic analysis of the information disclosure system, combined with the special national conditions of the non-tradable shares in China, digging and exploring the close relationship between the effective capital market and the quality of accounting information.