自愿性信息披露是解决信息问题的重要手段, 对间接信息租金的追逐是经营者自愿披露信息的核心动机。单纯受利益驱使的自愿性信息披露必然存在一些问题, 因而有必要对自愿性信息披露进行有效的管制。建立基于声誉的经理人市场和法律事后惩罚机制, 有助于保障自愿性信息披露的信息质量。 Voluntary disclosure of information is an important means to solve the information problem. The pursuit of indirect information rent is the core motivation for the voluntary disclosure of information. Voluntary disclosure of information driven solely by profit inevitably has some problems, so it is necessary to control the voluntary disclosure of information voluntarily. Establishing reputation-based manager’s market and legal post-punishment mechanism help to ensure the quality of voluntary information disclosure.