论文部分内容阅读
非公平关联交易是控股股东对中小股东利益侵占的主要途径之一,对关联交易的治理是各国资本市场都面临的重大问题。上市公司关联交易的监管主要有会计管制和证券监管。财政部、证监会及证券交易所是我国资本市场主要的关联交易规制与监督机构。提高政府监管效率的政策建议:协同改进对关联交易的会计管制和证券监管;强化各监管主体的行政责任和民事责任;降低监管成本,提高违规成本;发挥证券交易所的一线监管职能。
Non-equitable related party transactions are one of the main ways for controlling shareholders to encroach on the interests of minority shareholders. The governance of related party transactions is a major issue facing capital markets in various countries. Listed companies related party transactions supervision mainly accounting controls and securities regulation. The Ministry of Finance, the Securities and Futures Commission and the stock exchange are the major related-party regulatory and supervisory bodies in the capital market in China. Improve the efficiency of government policies and suggestions: Collaboratively improve the accounting controls on related party transactions and securities supervision; strengthen the administrative responsibility and civil liability of the various regulatory bodies; reduce regulatory costs and raise the cost of non-compliance; to play the first-line regulatory functions of the stock exchange.