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目前有关IPO预披露阶段信息质量的研究较少,国内外学者更多将研究目光放在IPO前后公司财务绩效的变化,随着证券监管机构加大力度对IPO过程的整治,信息预披露质量的研究变得越发重要。本文通过对现行核准制与注册制两种发行制度的对比,找出目前IPO预披露环节存在的问题并提出解决措施,希望可以对今后IPO信息预披露制度的完善提供借鉴与参考,为构建以信息披露为核心的市场体系做出贡献,保证发行制度由核准制向注册制的平稳过渡。
At present, there are few researches on the quality of pre-disclosure IPO information. Domestic and foreign scholars will study more about the changes of financial performance of the company before and after the IPO. As the securities regulatory authorities intensify the remediation of the IPO process, the pre-disclosure quality of information Research becomes more and more important. In this paper, we compare the current issuance system between the approval system and the registration system to find out the problems existing in the pre-disclosure section of IPO and put forward the solutions. We hope that it can provide reference and reference for the future pre-disclosure system of IPO information, Information disclosure as the core of the market system to make contributions to ensure that the issuance system from the approval system to a smooth transition to the registration system.