上市公司年报粉饰行为的制度分析

An Institutional Analysis on Listed Companies' Falsified Annual Report

公司股票发行与上市制度、证券管理体制及上市公司内部治理结构的缺陷是造成上市公司年报粉饰行为产生的主要原因。改革上市公司配股政策、修改退市条件、加强证券市场法制建设、理顺和协调各部门监管职能、降低国有股权集中度、建立激励约束机制等是解决上市公司年报粉饰行为的有效途径。

The falsified annual reports by some listed companies are generally caused by the institutional defects in stock issuing and marketing system, management system and inner corporate governance. The paper proposes come measures restricting the falsification through perfecting issuing and marketing system, reforming management system and building up effective corporate governance system.