基于SAMO框架的中外上市公司信息披露机制比较研究

发达国家的公司治理体制一直以来都是各国竞相效仿的模板,其普适性与有效性已经成为学术界研究的重点.本文选取美国、德国、日本和中国作为样本国家,基于SAMO框架分析其现行信息披露机制的特点.为提高我国上市公司信息披露机制的有效性,应切实做到对上市公司信息披露严格的事前监管,对主板与创业板企业实行区别性信息披露机制,按照国际通行标准建立和完善信息披露机制.

A Comparative Study of Chinese and Foreign Listed Companies’ Information Disclosure Mechanism Based on the SAMO Framework

The corporate governance system in developed countries has always been a model imitated by other countries,and its universality and effectiveness have been stressed in the academic circle.This text taking the United States,Germany,Japan and China as samples,based on SAMO framework,analyzes the characteristics of the existing information disclosure mechanisms.To improve the effectiveness of the information disclosure mechanism of China’s listed companies,strict supervision in advance should be made to the information disclosure of listed companies.Information disclosure mechanism of the Main Board and GEM should be treated differently.And internationally accepted standard should be followed to establish and improve the information disclosure mechanism.