中国证券市场利润操纵行为的博奕分析

中国证券市场上存在严重的利润操纵现象,其根本原因是政府在监管中的两难困境和多元化目标使政府选择了利于上市公司进行利润操纵的策略,法规的不健全,指标考核的单一加大了上市公司进行利润操纵的动力,从而产生了"类逆向选择现象",要保证证券市场的健康发展,必须从根本入手,彻底转变政府角色观念,完善法律法规和考核指标体系,加大惩罚力度,形成良好的运行监管机制.

Analysis to Profit Handles Behavior of Stock Market in China under the Game Theory

There is serious phenomemon of the profit handles on the stock market in China. Its root causes are dilemma of government in the supervision and management, a strategy selected by the government and availed to the handles behavior of corporation in the market, unsound laws and single review mark. To ensure good development of stock market the government must convert role conception, perfect laws and mark system and increase strength of chastisement so as to form a good mechanism of the supervision and management.