摘要
证券市场的最基本作用在于优化资源配置 ,促进有限的社会资金向最有前途的行业和最优质的企业流动。市场经济中的信息不对称现象产生了道德风险和逆向选择问题 ,导致市场价格背离证券的真实价值 ,从而阻碍了证券市场的正常运行。采用充分披露政策是一种符合成本效益原则降低信息不对称的有效方法。本文对我国上市公司信息不对称问题进行了剖析 。
The most fundamental function of the securities market lies in the optimization of the resources matching , facilitating the limited social capital to flow into the most promising industry and the best enterprises. The information asymmetry of the market resulted in the ethic risk and adverse option, and the market price deviating from the securities' real value, thus impedes the normal operation of the securities market. The fully disclosing method is the effective way of suiting the cost efficiency principle and decreasing the information asymmetry. This article analyzes the information asymmetry in our country's securities' market and brings forward some resolutions.
出处
《现代财经（天津财经大学学报）》
CSSCI
2003年第3期42-45,共4页
Modern Finance and Economics：Journal of Tianjin University of Finance and Economics
