我国股票市场监管效率研究.pdf

Advances in Social Sciences 社会科学前沿, 2016, 5(1), 185-193 Published Online March 2016 in Hans. /journal/ass /10.12677/ass.2016.51027 Study on Regulation Efficiency of China’s Stock Market 1 2 Yuchen Pan , Xiangyang Shao 1 School of finance, Shandong University of Finance and Economics, Jinan Shandong 2 Jinan Branch, CITIC Bank, Jinan Shandong th nd th Received: Mar. 8 , 2016; accepted: Mar. 22 , 2016; published: Mar. 28 , 2016 Copyright © 2016 by authors and Hans Publishers Inc. This work is licensed under the Creative Commons Attribution International License (CC BY). /licenses/by/4.0/ Abstract The regulatory efficiency of Chinese stock market is still relatively low. The law is not perfect, the regulatory system is not complete, the degree of punishes cases is too weak, and the administra- tive interference is too heavy. Starting with the intermediate target and the basic target of the stock market supervision, this paper selects the regulation efficiency of issuing shares, the law enforcement efficiency of regulators, the economic efficiency of stock market as studying indexes. Descriptive statistical analysis and event study method are used in this research to study on the regulatory efficiency of Chinese stock market. At the meantime, this paper also analyzes the rea- sons for low efficiency of supervision and puts forward relevant suggestions for improvement. Keywords Regulation Efficiency, Regulation Efficiency of Issuing Shares, Law Enforcement Efficiency of Regulators 我国股票市场监管效率研究 1 2 潘雨晨 ，邵向阳 1山东财经大学金融学院，山东 济南 2 中信银行济南分