上市公司“业绩变脸”可能涉及造假上市、虚假陈述、控股股东违法违规、经营管理层违法违规等违法违规行为。因上市公司“业绩变脸”而产生的民事责任制度仍存在缺失,主要体现在追究其民事责任的依据不足和程序不畅。从内在逻辑来看,上市公司“业绩变脸”相关民事责任制度具有不可替代性,司法权力与行政监管权力及自律监管权力相互协调,民事责任制度的构建具有必要性和现实性。具体制度架构上,应以现行规则为基础,符合民事责任理论的基本要求,从实体规则、程序规则两方面进行完善。 Listed companies “performance change face ” may involve fraud listing, false statements, the controlling shareholder illegal, business management illegal and irregularities and other violations. The system of civil liability arising from the listed company’s “face-to-face performance” is still lacking, which is mainly reflected in the inadequacy of basis and procedures for investigating its civil liability. From an internal logic point of view, listed companies “performance face ” related to civil liability system has irreplaceable, judicial power and administrative supervision power and self-regulatory power of mutual coordination, the construction of civil liability system is necessary and realistic. Specific institutional framework should be based on the existing rules, in line with the basic requirements of the theory of civil liability, from the substantive rules, procedural rules to improve both.