中国非金融企业债券市场监管的博弈论分析

The Game Theory Analysis of Regulation on China Non-financial Corporate Bond Market

本文分析了中国非金融企业债券监管的现状,归纳总结出我国监管模式的主要特征,然后运用博弈论分析方法,分析中国非金融企业债券监管模式的市场效率,重点分析了分工监管模式的利弊以及信息披露制度对非金融企业债券市场效率的影响。

This paper analyses the current situation about regulation of non-financial corporate bond in China,summarizes the main features of our regulatory approach and studies the market efficiency of this regulatory model by using the game theory.Especially,this study focus on the advantage and disadvantage of seperate regulation model and the efficiency of non-financial corporate bond market under the information disclosure system.