The Nature and Characteristics of Civil Liability for Misrepresentation in Financial Reporting
- 管理学院－已发表论文 
对于财务报告虚假陈述民事责任的性质,法学界存在不同的观点。本文认为,上市公司提供虚假财务报告违反的是法定义务,它侵害了投资者的知情权,因此,财务报告虚假陈述是一种侵权行为,同时,将其界定为侵权行为也有利于保护投资者利益。由于证券交易的特殊性,财务报告虚假陈述是一种特殊的侵权行为,在因果关系、归责原则等方面均反映出其特点。There are different views on the nature of civil liability for misrepresentation in financial reporting. Providing true and fair financial statements is a legal duty of listed companies, and making misrepresentations in financial statements infringes the rights to know of investors. Thus, this paper argues the civil liability for misrepresentation in financial reporting is a liability for tort. Furthermore, it's actually a special tort because of the characteristics of securities exchange transactions. It is also beneficial to protect the interest of investors.