Study Of The Phenomenon Of Asymmetric Information Between Investors And Companies On The Stock Market

Joseph E. Stiglize, George A. Akerlof and A. Michael Spence were rewarded 2001 Nobel Laureate in Economics for their theory of "analyses of markets with asymmetric information". The theory reveals the effects on decision-making brought about by asymmetric information, and put forward some resolvent The three scientists apply the theory of asymmetric information to many other fields, and bring to light the core of information economic.The purpose of this research is to discuss the phenomenon of asymmetric information between investors and companies on the stock market. There are three chapters in this paper. Chapter I is mainly about the connotation of asymmelric information and two basic theories-adverse selection model and moral hazard model; Chapter is mainly about the analysis of the actuality and causation of asymmetric information. The organization and operation of stock companies, the accounting standard system of China, the regulation of securities market, and the protection of local benefits are the four aspects discussed in this chapter, and about the hazards brought about by asymmetric information; Chapter III is mainly about the measures to ameliorate the actuality of asymmetric information in China.