信息不对称与股票市场的失灵

信息不对称是破坏股票市场有效性的主要因素之一。它会在股票市场中引起道德风险和逆向选择 ,使股票价格出现异常的波动。本文通过对我国股票市场微观信息的检验得出结论 :我国股票市场存在着严重的信息不对称现象 。

Information asymmetry is one of the main factors that destroy stock market's effectiveness.It will cause morals ventures and diverse choices that make stock price change disorderly.The paper only inspects our country's stock market microcosmic information and gets the result:there are severe information asymmetry phenomenon in our stock market and thus results in the problem of stock market's not working.