首页 | 本学科首页   官方微博 | 高级检索  
     检索      

移植制度“水土不服”的困境与突破——对我国新股发行市场化改革的思考
引用本文:唐勇,栾天虹.移植制度“水土不服”的困境与突破——对我国新股发行市场化改革的思考[J].经济问题,2008(6):29-32.
作者姓名:唐勇  栾天虹
作者单位:1. 浙江大学,经济学院,杭州,310028;浙江财经学院,杭州,310011
2. 浙江工商大学,金融学院,杭州,310018
摘    要:在我国新股发行领域践行的市场化改革的过程中遇到了境外移植制度"水土不服"的问题.从制度经济学的视角分析,根本原因是移植制度并未成为我国新股发行域中均衡的制度安排.结合我国证券市场现实情况,认为权力中心可以引入"监管竞争"和"卖空"机制来协同促成我国市场化新股发行制度的均衡.

关 键 词:市场化  移植制度  均衡制度观  "监管竞争"  "卖空"机制

The Plight of Transplanted Institution Unsuited to China and Breakthrough——A Analysis of Chinese IPO's market-oriented reforms
TANG Yong,LUAN Tian-hong.The Plight of Transplanted Institution Unsuited to China and Breakthrough——A Analysis of Chinese IPO''''s market-oriented reforms[J].On Economic Problems,2008(6):29-32.
Authors:TANG Yong  LUAN Tian-hong
Institution:TANG Yong1,2,LUAN Tian-hong3(1.School of Economics,Zhejiang University,Hangzhou 310011,China,2.Zhejiang College of Finance & Economics,3.School of Finance Zhejiang Gongshang University,Hangzhou 310018,China)
Abstract:At the market-oriented reforming process,the transplanted institution learns from mature stock markets has the phenomenon of unsuited to China.Based on the Perspective of balanced institution,we attribute the causes of the phenomenon is that the transfer institution has not become the balanced institution in China's IPO market.With the reality of China's securities market,we believe that theCentre of power can introduce regulatory competition and short selling mechanism to facilitate the balancing of China'...
Keywords:market-oriented  transplanted institution  perspective of balanced institution  regulatory competition  short selling mechanism  
本文献已被 CNKI 维普 万方数据 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号