论文部分内容阅读
金融监管部门的再融资政策不够合理稳定、监管措施不当是造成我国上市公司再融资造假盛行、再融资效率低下的主要原因。因此为保证再融资监管的有效性,监管政策应保持持续性和前瞻性,同时改进监管方式、降低监管成本,实现独立监管,形成一套再融资市场的合理激励-约束机制。
The refinancing policies of the financial regulatory authorities are not reasonably stable and the improper supervision measures are the main reasons for the refinancing of Chinese listed companies and the inefficiency of refinancing. Therefore, in order to ensure the effectiveness of the regulation of refinancing, the regulatory policies should be sustained and forward-looking. In the meantime, the regulatory regime should be improved, the regulatory costs should be reduced, and the independent regulation should be implemented to form a reasonable incentive-restraint mechanism for refinancing the market.