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北京翻譯公司關(guān)鍵字：Here we use the stock issuance and trading of contractual and non contractual implementation of development to explain the generation of industry associations to improve the efficiency of the implementation of contracts and stock market畢業(yè)論文翻譯成英語(yǔ)文章 development.Suppose the social demands through a variety of institutional arrangements and there is a large flow of the stock market畢業(yè)論文翻譯成英語(yǔ)文章, and requires that the issuing Company翻譯論文公司最專(zhuān)業(yè) should disclose the exact details. Implementation of the contract generally has the following four: [①] First, the community can rely on issuers or their論文摘要翻譯英文 underwriters their論文摘要翻譯英文 own incentives to disclose securities the truth, but also because in order to raise funds in the future, they need to establish a credit reputation. This is the way to market畢業(yè)論文翻譯成英語(yǔ)文章 constraints, but also a spontaneous private order (McMillan, Woodruff, 2000). Secondly, the community can rely on private litigation, such as securities of the purchaser, when the regulations in the contract, tort, they felt deceived by the issuer, you can resort to private litigation. Therefore, society needs a court and judge. The court is clear, whether the issuer disclosed inaccurate information, or they deliberately refused to provide specific information.Again, the community can establish a government regulatory agency, which provides issuers need to disclose information, and check the books and disclosure of information, and violations of issuers and underwriters in the control of the punishment. In between private litigation and full control, regulatory agencies can establish some rules for the issuance of securities by aggrieved investors through private lawsuits to enforce these rules.Finally, the society can nationalize the issuance of securities. A Company翻譯論文公司最專(zhuān)業(yè) must be in order to finance securities auditing, information disclosure, the issuer transferred to the State.Way to implement the above four contracts under certain circumstances has certain comparative advantages, and when the environment changes, the contract may be another way to implement the alternative. [②] However, the industry association is not an alternative implementation modalities, but in varying degrees to implement ways to enhance the efficiency of the above.
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