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内幕交易监管与监管困境研究综述
引用本文:朱伟骅.内幕交易监管与监管困境研究综述[J].证券市场导报,2007,5(9):33-37.
作者姓名:朱伟骅
作者单位:复旦大学经济学院,上海200433
摘    要:各国对内幕交易的监管基本采取立法的形式,许多学者都探讨了实施内幕交易监管的有效性以及监管效率问题。本文对相关文献进行了梳理,发现从内幕交易监管有效性的纵向比较分析,内幕交易监管并不能达到预期的效果;从横向比较分析,内幕交易监管越严格,越有利于降低内幕交易程度。总体而言,内幕交易监管是必要与相对有效的。因交易者策略与量价甄别指标的主观性而产生了监管困境,降低了监管效率。但是监管总体上可以带给市场的效益高于成本,那么内幕交易监管的实施与不断完善是非常有必要的。

关 键 词:内幕交易  交易者策略  监管困境  市场监管

Dilemma of Insider Trading Regulation
Zhu Weihua.Dilemma of Insider Trading Regulation[J].Securities Market Herald,2007,5(9):33-37.
Authors:Zhu Weihua
Abstract:Legislation has been set up in basically all countries regarding insider trading. Scholars have been actively discussing the effectiveness and efficiency of insider trading regulation. Review of comparative research studies indicates that insider trading is a worldwide issue. Generally speaking, this battle is gaining ground as it obviously creates profit. However, as an ongoing battle, enforcement against insider trading is to be further enhanced.
Keywords:insider trading  trader strategy  regulation dilemma  market regulation
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