资本市场、独立审计与诚信奖励——基于三方博弈的模型分析

当广大中小投资者及一些研究者极力呼吁加大对上市公司做假及会计师事务所配合上市公司做假的处罚力度和强度时，本文却通过引入奖励这一变量，构造了上市公司、会计师事务所与监管部门的三方博弈模型，提出奖励作为监管手段的一个方面，也许比只使用处罚更有利于上市公司和会计师事务所的成长。

The Analysis of Game Mode of Three Aspects: Capital Market, Independent Audit and Reward for Honesty

Many small investors as well as researchers appeal to strengthening the punishment of the fraud in the list companies, which is sometimes with the help of accounting firms. However, the current article introduces reward as a variable so as to establish a 3 - party game mode of listed companies, accounting firms and supervising sectors, The author also holds that reward, as one of the supervising measures, would be beneficial, together with punishment sometimes, to the growth of both listed companies and accounting firms