上市公司危机应急处置监管研究
Research on the Crisis Emergency Response Supervision of the Listed Company
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股市危机产生的原因十分复杂,预防的措施也有许多,但是上市公司危机预防则是在众多措施中居于最基础的地位. 而当预防措施失效则意味着危机的来临,此时上市公司所面临的是对其危机进行应急处置的问题,故本文就上市公司危机应急处置监管进行了研究. 本文首先重述了上市公司危机监管的相关基础理论;其次,上市公司危机应急处置政府介入的合理性进行了分析;再次,论述了政府直接介入的危机处理机制;第四,讨论了准市场化的危机处理机制;最后,得出上市公司危机应急处置最核心的问题是政府在实施干预措施的过程中应当把握好适度性的结论.
Abstract
The causes of the stock crisis are very complicated and there are a variety of preventive measures regarding the crisis. However, preventing the crisis of the listed company is regarded as the most fundamental position among a number of measures. The failure of preventive measures does not only mean the coming of the crisis, but the listed company also faces the problem of crisis emergency response. Therefore, the thesis focuses on the research regarding the crisis emergency response supervision of the listed company. Firstly, the thesis recapitulates the relevant basic theory regarding the crisis supervision of the listed company; Secondly, analyzing the reasons why the government intervening the crisis emergency response is reasonable; What’s more, discoursing the crisis-settling mechanism which the government intervenes; Fourthly, discussing quasi-market crisis-settling mechanism; In the end, I draw the conclusion that the most central question is that the government should intervene adequately in the process of implementing the intervening measures with respect to the crisis emergency response of the listed company.
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