CAJ | 학술논문

预测性信息披露是上市公司信息披露中的重要内容,能够有效地减轻上市公司管理层与投资者之间的信息不对称程度,并帮助投资者对上市公司的未来价值作出判断。为了保证预测性信息的真实性和可靠性,需要加强对信息披露的监管;而预测性信息的前瞻性和不确定性又使得信息披露的监管难度增加。同时,由于制度背景和市场发育程度不同,中外预测性信息披露在方式、内容及态度方面存在很大差异。因此,在借鉴国外监管方式的同时,应建立适应中国预测性信息披露环境的监管模式。
예측성신식피로시상시공사신식피로중적중요내용,능구유효지감경상시공사관리층여투자자지간적신식불대칭정도,병방조투자자대상시공사적미래개치작출판단。위료보증예측성신식적진실성화가고성,수요가강대신식피로적감관;이예측성신식적전첨성화불학정성우사득신식피로적감관난도증가。동시,유우제도배경화시장발육정도불동,중외예측성신식피로재방식、내용급태도방면존재흔대차이。인차,재차감국외감관방식적동시,응건립괄응중국예측성신식피로배경적감관모식。
Predictive information disclosure is the important information disclosure content of listed compa- nies, which can effectively reduce information asymmetry between the listed company management and investors, and help investors to make the future value judgments. In order to guarantee the reliability of the information, it needs to strengthen the regulation of the information disclosure. Meanwhile with pre- dictive and uncertainty, predictive disclosure regulation is difficult. Due to the difference of regulation background and market development degree, Disclosure way, content, and the disclosure of disclosure attitude are different between China and foreign countries. Drawing lessons from foreign regulatory way, establish our country predictive information disclosure regulation mode.