Research On Information Asymmetry In The Context Of Corporate Investment Risk

Information asymmetry theory is the research focus of information management.This paper focuses on this issue in the environment of risk investment research,which is of a cutting-edge nature and innovative.This article starts from the theory and applies the theory to the actual situation,which has guiding significance for solving the information asymmetry problem in venture capital.This article first summarizes domestic and international research results,and grasps the direction and focus of information asymmetry development.Secondly,the related concepts of risk investment and information asymmetry were introduced,which laid a theoretical foundation for the following.The article puts forward that information asymmetry will lead to adverse selection and moral hazard problems,and elaborates the reasons for information asymmetry from the aspects of high information search integration,limited rationality of enterprise managers,and information transmission channels.Finally,the methods to solve the adverse selection and moral hazard are elaborated.From the perspectives of venture capitalists and venture investors,the author puts forward that moral hazard should be protected from both incentives and constraints.Taking the case of venture capital investment in the old industrial base in Northeast China as an example,the above theory combined with the actual situation has proposed a solution to information asymmetry,which enriches the practical significance of the theory.