上市公司监管风险评价实证研究

Empirical Research into the Supervision Risk on Listed Companies

从上市公司监管者的角度提出上市公司监管风险的概念,并从财务质量、公司治理和行业环境三个方面建立上市公司监管风险评价指标体系。随后,借助层次分析法与功效系数法建立上市公司监管风险评价模型,并利用该模型对深圳证券交易所31家湘股公司的监管风险进行评价,评价结果符合正态分布检验和公司实际情况。

This paper proposes the concept of supervision risk of listed companies with the view of listed company supervisors, and establishes a risk assessment index system of the listed companies in terms of corporate governance ,financial quality and industry environment. Subsequently, we utilize AHP method and the effectiveness of supervision to establish listed companies risk assessment model of listed companies, and assess 31 listed companies in Hunan in the Shenzhen Stock Exchange with the model of regulatory risk, the evaluation results accord with the normal distribution and the actual situa- tions.