国有商业银行股份制改造中的信息不对称及博弈分析

Asymmetric Information and Game Analysis in the Transformation of State-owned Commercial Banks into Stock Companies

国有商业银行改革的关键是股份制改造,通过股份制改造来优化产权结构,提高经营效率,确保金融安全和经济稳定。但是,在股份制改造过程中不可避免地存在着信息不对称造成的逆向选择与改革之后的道德风险。分析通过上市引入外部资金的改革模式下信息不对称的现象及其可能产生的后果,提出引入金融中介的解决办法,并从博弈论的角度讨论该办法实行的必要条件。

The key of the reform of stat-owned commercial banks lies in transforming them into joint-stock companies. By doing so, the property rights of these banks could be optimized, the operating efficiency could be raised, and the financial safety and economic stability could be ensured.However, there inevitably exist adverse choices and moral hazards resulting from asymmetric information in the process of transformation. This paper analyzes the phenomena of asymmetric information and their possible results under the model of bringing in outside capital from stock market.Then, it puts forward a solution to introducing financial intermediaries. Finally it discusses the necessary conditions of the solution from the angle of game theory.