查询词典 insider trading

It makes empirical description of the insider trading in the follows : the effect of insider trading on the stock price , the abnormal return or disgorgement of insider traders , the impact of insider trading on the information asymmetry in trading .

本文首先以我国股票市场发生过内幕交易的股票为样本，分析了我国股票市场内幕交易的特征，从内幕交易对股票价格的影响，内幕交易者的超常收益，内幕交易对交易过程中信息不对称的影响等几个方面对内幕交易进行了实证分析。

There are forms of insider trading that are illegal, and there are forms of insider trading that are legal.

有些形式的内部人交易是非法的，而有些形式的内部人交易是合法的。

The themes of this thesis are as the following: chapterⅠdiscusses the differences between a material information and an inside information, and then points out the legislative error of the insider trading regulation in Taiwan; chapter II briefly introduces the legislative evolution of the Article 157－1 of Securities Exchange Act in Taiwan; chapterⅢ points out the source of law of the "insider trading" regulation and its punishability; chapter Ⅳ analyzes the "insider trading" regulation based on the criminal "Tatbestand" theory in Taiwan.

本文的架构如下：第一章，主要在说明重大消息与内线消息的不同，并点出现行证券交易法对於内线交易规范的立法错误；第二章，简介证券交易法第157条之1的立法沿革；第三章，探讨「内线交易」构成要件及其「可罚性」的法律依据；第四章，则是本文的重心所在，即以我国的刑事构成要件理论剖析「内线交易」构成要件，并同时以法治国刑事法的法理探讨其相关解释、适用疑义暨重新检讨其立法妥当性，乃至於提出修法建议；第五章，评析内线交易的若干实务见解；第六章，则是本文结论与内线交易相关修法建议──以刑事责任为限。

Second, Quxiang a lesson from this case, access to insider information of listed companies in the relevant field to enhance the awareness of the law to stamp out insider trading.

第二，Quxiang从这种情况下，获得内幕的教训，在相关领域的上市公司的信息，提高法律意识，杜绝内幕交易。

Compared to foreign experiences, insider trading in China stock market has its own characteristics, such as ubiquitousness, invisibility, diversity of the subject of trading and relevance to other illegal activities.

与国外经验相比，我国证券市场中的内幕交易行为具有普遍性、隐蔽性、交易主体多样性、与其他违法行为关联性等特点。

We can found that China stock market is not completely weak effective by auto-correlation test, runs test, unit root test and variance ratio test. The TT-kyle model is derived from kyle model by adding weak effectiveness and irrational factor. This chapter describes impact of weak effectiveness and irrational factor on the trading volume and price. The fifth part analyses the relationship between the transaction duration and insider trading.

第四部分研究了市场有效性与内幕交易的关系，运用自相关性检验、游程检验、单位根检验、方差比检验等方法对我国证券市场的弱有效性进行验证，得出我国证券市场不完全弱有效的结论，在Kyle模型中加入弱有效性和非理性因素，提出了TT-kyle模型，分析弱有效性和非理性因素对内幕交易者的交易量和价格的影响，并提出了提高我国证券市场效率的相关对策建议。

Beginning with the concept of insider trading, the paper summarizes and analyzes the arguments between the opposite and assenting parts of regulating insider trading in laws, then establishing the legal principles of insider trading law.

本文从介绍证券内幕交易的涵义入手，对目前国际上反对和赞成用法律手段规制内幕交易的理论争议作了较详细的分析，确立了禁止内幕交易的法理基础。

Under tipper-tippee theory, a tippee who uses the inside information for trading is liable for insider trading only if the tipper violates the fiduciary duty to the company's shareholders and if the tippee knows or should know the breach.

依据信息传递理论，当泄漏信息者违反对股东的信赖义务并且接受信息者知道或应当知道泄漏信息者违反信赖义务时，接受信息者不得利用内幕信息买卖证券。

Quxiang As is the case of insider information in decision-making process, the general knowledge of insider information through a typical case of insider trading.

Quxiang由于是内幕信息的情况下决定的决策过程，内幕信息的一般知识，通过内幕交易的典型案例。

At present, the "Three Principles" on the market development of new and major issue is how to maintain the fairness of information disclosure, in order to put an end to insider trading, breach of trust based on insider information, such as criminal acts.

目前，&三原则的新的市场发展的重大问题&是如何保持公平信息披露，以制止内幕交易结束，背信内幕信息为基础，如犯罪行为。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。