中美上市公司业绩预警制度比较研究

The Comparative Research on the Regime of Performance Prediction in Listed Companies between American and China

业绩预警制度是指当上市公司的经营业绩低于基准业绩一定幅度时,上市公司需要发布业绩预警公告,向广大投资者进行风险提示的一种信息披露制度。它主要涉及3个方面的核心问题:第一,比较基准,即当期的业绩和什么基准进行比较;第二,下降幅度,即当业绩下降多少的时候,需要预警;第三,预警时间,即在什么时候预警。对中美上市公司业绩预警制度进行了比较和分析,并提出若干政策建议以改善我国上市公司业绩预警制度。

The regime of performance prediction is an information disclosure system when the performance of a listed company is less than comparison benchmark. It includes three items： comparison benchmark, decent degree, disclosing time. This paper compare the performance prediction between listed companies in American and China, and a lot of suggestions are proposed.