张延芳的外文资料及中译文 yida.docVIP

外文资料及中文译文 作 者 姓 名 张延芳 专 业 财务管理 指导教师姓名 苏卫东 专业技术职务 教 授 Information Disclosure Policy Implementation Plan I. Background Information disclosure is essential for the effective operation of the securities market .In a market where resources are not fully allocated, capital providers (investors below) need to seek good opportunities to realize added values on their capital while capital operators (management below) hopes to attract enough capital for operation so as to make profits. Once the two strike a deal and there is