完善信息披露制度是保护中小投资者的有效关键措施。基于激励协调是否一致原则,自愿性信息披露较之强制性信息披露具有激励一致,利益协调的特点,从而使信息披露更加主动趋向于透明化,使优质的上市公司与理性的投资者实现双赢。当然,这一切的前提,乃是政府提供的完善的市场机制与金融制度体系所引导与保障的。 Improving the information disclosure system is an effective measure to protect small and medium-sized investors. Based on the principle of whether co-ordination of incentives are consistent, voluntary disclosure has the characteristics of encouraging co-ordination and interest coordination compared with compulsory information disclosure, so that information disclosure becomes more proactive toward transparency and a win-win situation for high-quality listed companies and rational investors. Of course, all these preconditions are guided and guaranteed by the sound market mechanism and financial system provided by the government.