法律完备度与证券市场内幕交易监管有效性分析  

The Completeness of Law and the Effectiveness of Insider Trading Regulation in Securities Market

作　　者：姜华东[1] 乔晓楠[2] 

机构地区：[1]上海立信会计学院金融学院,上海201620 [2]南开大学经济学院,天津300071

出　　处：《上海金融》2011年第9期75-80,共6页Shanghai Finance

基　　金：上海市哲学社会科学基金"基于资产价格视角的逆周期宏观审慎监管研究";上海市优秀青年教师专项基金(SLX10005);上海市教委重点学科建设项目(J51703)的资助

摘　　要：本文从执法者的行动策略和内幕交易监管制度这两个方面,分析了我国内幕交易法律的完备度,并寻找我国内幕交易监管有效性相对较弱的原因。通过与发达国家证券市场执法策略和制度安排的比较,发现内幕交易法律的不完备性将直接影响到内幕交易监管的有效性。一个国家的内幕交易法律越完备,其内幕交易监管的有效性也就越强。From the law-executor＇s action strategy and the system of insider trading regulation, the article analyzes the completeness of China＇s laws concerning insider trading regulation, and finds out the reasons why ChinaJs insider trading regulation is comparatively ineffective. Through the comparison of strategy and institutional arrangement between China and developed countries, we find that the incompleteness of insider fect the effectiveness of insider trading regulation. The more a country＇s insider trading trading laws will directly af- laws are complete, the more the insider trading regulation is effective.

关 键 词：内幕交易监管 不完备法律 监管有效性 

分 类 号：F830.91[经济管理—金融学]