证券市场财务信息披露的治理,可以分为以法律作为治理手段和法外治理机制。证券市场法律配置作为财务信息披露治理的主要手段,对信息披露质量影响重大。证券市场信息披露的法律治理机制因政府干预程度的不同,可以分为公共执法机制和私人诉讼执法机制。公共执法机制通过监管 The governance of the securities market’s financial information disclosure can be divided into the law as a means of governance and the extralegal governance mechanism. As the main means of financial information disclosure governance, the legal allocation of securities market has a significant impact on the quality of information disclosure. Due to the different levels of government intervention, the legal governance mechanism for information disclosure in securities markets can be divided into public law enforcement mechanisms and private litigation enforcement mechanisms. Public enforcement mechanisms governed