股份回购中每股收益信息披露失真之浅议

当上市公司签订的股份回购合同中所规定的股票回购价格高于当期普通股平均市场价格时,应当计算稀释每股收益。但由此所造成的每股收益信息披露失真,会使信息使用者无法正确评价上市公司的经营业绩。因此,为避免每股收益信息披露失真所带来的信息误导,上市公司应当在充分考虑管理层的筹资意图的前提下,对从基本每股收益分子、分母到稀释每股收益分子、分母的调整过程加以改进,从而更好地满足信息使用者的需要。

Discussion on Earnings Per Share Disclosure Distortion in Share Buy-back

When the stock repurchase price in the listed company's share repurchase contracts is higher than current average market price of ordinary shares,and diluted earnings per share should be calculated.But the resulting earnings per share caused by the distortion of information disclosure will lead to that information users can not correctly evaluate the operating performance of listed companies.Therefore,in order to avoid misleading by earning per share disclosure distortion,the listed company should give full...