摘要
信用评级作为风险评估机制和信息披露的手段,功能在于保护投资者利益和提高资本市场效率。金融危机充分暴露了发行人付费模式下的利益冲突给信用评级行业带来的发展困境。探索多种形式的付费模式,有效平衡和协调信用评级机构盈利性质与其享有公共管理职权之间的矛盾将是评级监管改革主要内容。探讨当前评级监管和评级收费模式改革趋势,有助于为处于初始发展阶段的中国评级行业提供有益的启示。
Credit rating, as a risk assessment mechanism and information disclosure means, is used to protect the interests of investors and to improve the efficiency of capital markets. Financial crisis show conflicts of interest existing in issuer-payment mode may raise dilemma to credit rating industry. Regulatory reform of rating industry are currently focusing on strengthening regulatory system, and improving rating transparency, how to achieve balance for-profit and its public management functions will be the future focus. Rethinking its reform, as well as its malfunction in the crisis, should bring enlightenments to china＇s development of rating industry.
出处
《证券市场导报》
CSSCI
北大核心
2012年第10期67-72,共6页
Securities Market Herald
关键词
信用评级机构
利益冲突
收入模式
评级购买
信用评级
credit rating agency, conflicts of interest, pay model, rating shopping, redit rating
