Study On Fraudulent Information Disclosure Crime Of The Listed Company

A sound and effective information disclosure system of Listed Company is an important and essential prerequisite to the establishment of an effective managerial system of stock market. As one of the world new and expanding stock markets, China has made great achievement in the past ten years. However, some disclosure cases of the Listed Company give the stock market a heavy blow and cause some serious consequences. In our country, the fraudulent information severely blocks the sound development of the stock market and undermines the interests of the investors.This thesis, which includes introduction and main body, goes into details about the crime of the Fraudulent Information Disclosure in Listed Company. The introduction of the thesis recalls the development of our stock market, and then points out that the fraudulent information has severely restrained the development of the stock market.The first part of the main body introduces some related problems of disclosure system and fraudulent information disclosure and then mainly expands on the causes, the contents, harm and focus about the disclosure system of Listed Company.At first, this thesis points out that the existing problems about asymmetric information in stock market put the investors at risks. The author puts forward that the information held in the investors and the Listed Company is asymmetric from the economic points of view. And according to this, the definition of the asymmetric information is made. It points out that the asymmetric information means the inequality of the exchanging parties in number, in quality and the strenuous agreement between the two parties about the exchanging objects. Its usual form is that one party possesses much more complete information while the other party possesses less. In this way, it is possible to result in the decision fault or the harmful effects to the weaker party.Moreover, the author puts forward that the existence of the problem is the result of three factors, i.e. cost factors of the information, circulation factors of...