上市公司自愿性披露原则探讨

上市公司自愿性披露是有效资本市场的重要环节。本文认为,上市公司在进行自愿性披露时要遵循分离均衡、成本效用、及时真实、避免诉讼、保护商业机密和可理解性六大原则。既要考虑公司自身成本效用因素,也要考虑证券监管、投资者关系管理、商业竞争等外部要素,避免自愿性披露的不足或过度。

To Explore the Voluntary Disclosure Principle of Listed Companies

Voluntary disclosure of listed companies is effectively an important part of the capital market. This article points out that listed companies should follow six key principles:balanced separation,cost-effectiveness, timely and true,to avoid litigation,to protect trade secrets and intelligibility. Listed companies should consider not only their own cost-effectiveness factor,but also securities regulation,investor relations management,business competition,and other external factors so as to avoid under-or-ove...