Research On Information Disclosure System Of Listed Companies

The information disclosure system is based on the securities market,and is a resource to arrange the market resources effectively.It can overcome the information asymmetry in the market,reduce the transaction cost,reduce the uncertainty in the market and improve the overall income of the society.At the same time,the operation of the system itself needs cost.It is based on the above reason,this paper choose to use the relevant theories of economics and basic methods,from the analysis of the information disclosure system of income and cost,supply and demand and other aspects,in the interpretation of the system of economic reasons at the same time,hoping to provide some suggestions to the information disclosure system to improve and perfect.In the first part of this paper makes a brief overview of the economic analysis of law,at the same time,the necessity and feasibility of using economic analysis method research,points out the basic assumptions on the analysis,which lays the foundation for the following writing;the second part information disclosure system is more mature,perfect and efficient in the United States the comparative analysis,focusing on the pursuit of the value orientation of the system efficiency and specific rules,for China's information disclosure system is analyzed to provide the necessary reference;the third part of the information disclosure system of Listed Companies in China,the principle of supply and demand of disclosure standards and detailed analysis of the system itself,in the interpretation of the system of economic reasons at the same time,also briefly evaluated its effectiveness and efficiency.On the basis of the existing analysis,the fourth part points out some problems existing in our country's information disclosure,such as the lack of accurate positioning of the target system,the lack of clear scope of information disclosure,the low efficiency and insufficient supply.The fifth part is to solve the existing problems,it is proposed to build the efficiency as the goal of information disclosure mechanism,improve efficiency,establish and perfect the voluntary disclosure of information,the establishment of a national platform for information disclosure and improve the securities issuance system recommendations,and strive to improve the benefit of China's information disclosure system.