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Research On The Information Security Of Capital Operation

Posted on:2007-05-06Degree:MasterType:Thesis
Country:ChinaCandidate:J P GuoFull Text:PDF
GTID:2189360185966275Subject:Business management
Abstract/Summary:PDF Full Text Request
The decision and the performance activities of the capital are all based on normal and accurate transmittal of the true information. Once deviation or mistake appears the in the process of information transfer, as a result the normal order of capital performance activities will be broke finally, the assignment function of the capital market will be quite possibilly detorted. So, the information security problem is produced.Through academic reasoning and case analysis, the article discusses the importance of information in capital operation from information security level. Based on the credible and private nature of information, the thesis defines the information security in the performance activities of the capital, meanwhile, the thesis descusses the relation between the information security and asymmetric information. Asymmetric information can produce moral hazard and adverse selection, which is the main cause of the risk in capital operation, so, the problem of information security is the problem of asymmetric information. At the end of the article, start from lowing the dissymmetry degree of information, the thesis bring out the plan that can decrease the asymmetric degree in order to increase the safty of information in capital operation.The purpose of the article is to rise up the emphasis of the investor on information. By doing that, splendid capital operation circumstance can be established, healthy capital market development can be insured and ultimately, steady social economy advancement can be realized.
Keywords/Search Tags:Capital Operation, Information Security, Asymmetric Information, Moral Hazard, Adverse Selection
PDF Full Text Request
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