Securities lawyers say first-time issuers of stock do not have to abide by public companies ' fair disclosure rules. 证券领域的律师表示,首次发行股票的发行人无需遵守上市公司的公平披露(FD)原则。
The Economic Consequences of the Fair Disclosure(FD) of Information 公平信息披露的经济后果&基于收益波动性、信息泄露及寒风效应的实证研究
In order to illustrate the legal basis of Regulation Fair Disclosure(FD), Chapter One probes into the origin of selective disclosure behavior and its impact on security market, and analyses the relation between the anti-inside trading laws of America and selective disclosure. 第一章探讨选择性披露行为的成因和对证券市场的影响,并对美国反内幕交易法律和选择性披露的关系进行了分析,以此说明公平披露(FD)规则的法理依据。
Secondly, the empirical study after the enforcement of fair disclosure implicates fair disclosure plays a positive role on the information environment of Chinese stock market. 对中国市场的实证研究发现公平披露(FD)规则实施后深交所上市公司盈余公告期间的股票收益波动性显著降低,公平披露(FD)对我国证券市场信息环境发挥了比较积极的作用。
The quality of financial reporting directly decides the fairness of economic system and the efficiency of economic function. Correct decisions made by the investors rely on objective and fair disclosure of financial reporting. 财务报告的质量直接决定着经济体制的公平性和经济运行的效率,投资者的决策恰当与否,很大程度上取决于上市公司披露的财务报告是否客观、公允地反映公司的情况。