投资者是证券市场的基石,投资者权益是投资者的“天赋人权”,投资者的信心是证券市场稳定和繁荣的根本支柱。但证券市场上存在的信息不对称,上市公司管理者在“委托-代理”模式下的“有限理性”和“机会主义”,大股东在证券市场博弈中的优势地位,常使二者单独或联合利用其控 Investors are the cornerstone of the securities market. Investors’ rights and interests are the “natural rights” of investors. The confidence of investors is the fundamental pillar of the stability and prosperity of the securities market. However, the information asymmetry exists in the securities market. The “bounded rationality” and “opportunism” of listed company managers in the “principal-agent” mode and the predominance of major shareholders in the stock market game often make them both alone or Joint use of its control