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The second chapter is the theoretical base of the whole study.

第二章会计信息披露基本理论,系统阐述了会计信息披露基本理论问题,此章是本文研究分析的理论基础。

Among it, settlor's supervision is power with freedom, protector's supervision is fiducial power only for benefit of beneficiary; Value of disclose duty consists in supervision, and from the viewpoint of benefiting supervision, disclose duty should be reinforced in the respect of content and character of regulation; Supervision mechanism has limitations, so design of correlative system such as reinforcement of legal remedy should be noted.

其中,委托人的监督权是附带自由的权力而非权利,信托监察人的监督权是为受益人利益而存在的受信性权力。本章还指出,披露义务的制度价值在于监督,从有利于监督的角度,无论是在规范内容还是性质方面,披露义务都应予以强化。本章最后指出,信托监督弱于公司的监督,为此,应注意强化法律救济等制度设计。

Information provider will abandon to disclose some certain information for lower disclosure cost, which bring account information in short supply.

分部信息提供成本与取得成本是相互矛盾、此消彼长的,信息提供者为降低信息披露成本,必然会放弃披露某些分部会计信息,从而造成分部信息供给不足的现象。

Each fiscal year, listed companies are not sub-dividend, the number of hours should be, what form and so on, should be complete in a timely manner and accurate disclosure of information; In other words, should establish a special dividend of listed companies to disclose information on the obligations of the rules, for the purpose of monitoring Strict supervision of the sector and small and medium-sized investors to invest in decision-making.

在每个财政年度,上市公司不低于红利,时数,应以何种形式等,应该是完整的及时和准确地披露信息;换言之,应建立一个上市公司的特别股息披露监管的部门和中小型严格监管,对规则的义务的资料,大小投资者投资决策。

In 1938, Photo Play Magazine listed Gable and Lombard among Hollywood's unmarried husbands and wives, along with Gilbert Roland and Constance Spinet and Robert Taylor and Barbara Stanwick.

1938年,《摄影》杂志披露了盖博和朗巴德的婚外恋,同时被披露的还有吉尔伯特·罗兰和康丝坦斯·斯波莱特,罗伯特·泰勒和巴巴拉·斯坦威克。

Will disclose Personal Data only: for fraud prevention purposes; under a strict code of secrecy to subcontractors or persons acting as our agents; to any person who may assume our rights under these Terms and Conditions; if we have a right or duty to disclose or are compelled to do so by law.

仅会在下列情况下披露用户的个人信息:(1)防止欺诈行为;(2)用加密的方式将用户资料转交给分包商或代理;(3)同意***条款和条件的任何用户;(4)遵照法律的要求进行用户信息披露

The main problems of voluntary accounting information disclosure of listed company in China were: the listed company had no sustainer to disclose accounting information, the quantity of disclosure was low, the content was not sufficient and reliability was not high.

我国上市公司自愿性会计信息披露当前存在的主要问题是:上市公司自愿性会计信息披露意愿较弱、数量比例较低、内容不充分、可靠性不高等。

The interim financial report is an important tache of information disclosure system of stock market.

中期财务报告是证券市场信息披露体系的重要的一环,我国上市公司已经有了十余年披露中期财务报告的历史。

At last, it uses the assumption of market efficiency as an analyzing tool, and discusses the classification of constraint information disclosure and unconstraint disclosure.

最后以市场有效假设为分析工具,讨论在资本市场中,强制性披露和自愿性披露行为的划分。

By giving examples such as public-listed companies unwillingness or untruthfulness to carry out their information releasing obligations, inappropriate behavior of market agency, disfigurement existing in the process of lawmaking and executing laws, the paper has taken advantage of the well-known principles of economics to analyze the presentproblems plaguing our security market in our country, the results shows that there exists a great deal of incomplete information and asymmetric information at the security market, which can lead to moral hazard problem and adverse selection ,and both are the main causes that hinder the normal function of information disclosure mechanism, affect the market efficiency and allocation of financial resources. In addition, institutional objection at the security market is a crucial factor in arising the-above-said problems.

文章通过举例深入分析了当前我国证券市场存在的诸多问题,如上市公司不主动与非真实履行披露义务、中介机构行为失当、立法执法存在缺陷等,运用经济学一般原理剖析引起问题的深层次原因,指出证券市场存在大量不对称信息,容易导致市场道德风险和逆向选择,是阻碍信息披露机制发挥正常作用、影响市场效率的提升和资源的配置的主要根源;另外,我国证券市场存在的制度性缺陷也是引起上述问题的重要缘由。

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