Asymmetric Information On The Impact Of Corporate Restructuring And Settlement Proposals

The topic about enterprise抯 restructuring is not a novel for the area of enterprise or finance, but the recognize of the unsymmetrical information influencing in restructuiing has been taken seriously since the restructuring gets more and more practices .In condition that our society with the main body of the state ownership there are so many unsymmetrical information, and the knowledge and recognize become more necessary for both the enterprise and the government.With the method of theoretic and case analysis this article analyzes the influence of the unsymmetrical information in restructuring and it views from three sections separately: from inner enterprise, between enterprises and also between enterprises and exchange market. In order to reduce the unsymmetrical information, this article suggests to decrease the holding of state-owner stocks, to establish the stock-option system and to emphasize the restriction in legislation.This article has the following innovation:(l)it has some completely new veiws and systemtically analyzes the reasons and infuence of the unsymmetrical information . It researches the question from three sections seperately ,induding inner enterprise,hetween enterpri~es and also between enterprise and exchange market .(2)the research method is new because its research use not only the theory data but also the cases analyzing data .Fiom this method it can give expression of the immediate significant of researching the unsynirnetical information.