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信息不对称是指在市场经济条件下,市场的买卖主体不可能完全占有对方的信息。这种信息不对称必定导致信息拥有方为谋取自身更大的利益而使另一方的利益受到损害。在我国,市场经济体制尚不健全,上市公司不批露或歪曲披露信息的情况非常严重,使得广大中小投资者在这种信息不对称下难以做出正确的投资决策,由此形成了上市公司与投资者之间的博弈问题。
Asymmetric information refers to the market economy under the conditions of the market can not fully own the other party’s trading information. Such information asymmetry will inevitably lead to the interests of the other party to the owner of the information to the detriment of the interests of the other party. In our country, the market economy system is still not perfect, the listed companies do not reveal or distort the disclosure of information is very serious, making it difficult for the majority of small and medium-sized investors to make the right investment decision under such information asymmetry, thus forming a listed company Game with investors.