CAJ | 학술논문

上市公司财务信息披露的质量，既关系着投资者和债权人的利益，又关系着国家证券市场的稳定发展。为保护投资者的利益和更好维持市场秩序，国家先后颁布和实施了一系列关于强制披露会计信息的法律法规，同时也鼓励上市公司按照自愿性的原则披露一些其他经济信息。但在实际工作中，无论是国内还是国外，对于信息披露的强制性和自愿性执行的结果还不是十分的令投资者满意。文章叙述了上市公司信息披露的强制性与自愿性二者的关系，分析了我国上市公司信息披露的现状，提出了提高上市公司信息披露的强制性与自愿性质量的建议。
상시공사재무신식피로적질량，기관계착투자자화채권인적이익，우관계착국가증권시장적은정발전。위보호투자자적이익화경호유지시장질서，국가선후반포화실시료일계렬관우강제피로회계신식적법율법규，동시야고려상시공사안조자원성적원칙피로일사기타경제신식。단재실제공작중，무론시국내환시국외，대우신식피로적강제성화자원성집행적결과환불시십분적령투자자만의。문장서술료상시공사신식피로적강제성여자원성이자적관계，분석료아국상시공사신식피로적현상，제출료제고상시공사신식피로적강제성여자원성질량적건의。
The quality of the financial information disclosure from the listed companies has a close tie with not only the interests of the investors and predictors but also the stable development of state-owned stock markets. In order to protect the interests of the investors and maintain the stable market order, a series of the laws and regulations about the compulsive accounting information disclosure have been issued and carried out successively in China, and meanwhile some other economic information from the listed companies has been encouraged to be disclosed on the voluntary basis. The practical performances of the compulsion and voluntariness of the information disclosure from the listed companies have not been greatly satisfied by the investors both abroad and home. In this paper, the relationship of the compulsion and voluntariness of the information disclosure from the listed companies is stated, the status of the information disclosure from the listed companies is also analyzed and some constructive suggestions are put forward to improve the quality of the information disclosure from the listed companies at the same time.