本文選題：信息不對(duì)稱消除 + 風(fēng)險(xiǎn)項(xiàng)目選擇��； 參考：《中南大學(xué)》2003年碩士論文

【摘要】：信息不對(duì)稱現(xiàn)象在經(jīng)濟(jì)活動(dòng)中廣泛存在，在風(fēng)險(xiǎn)投資領(lǐng)域更為嚴(yán)重。本文運(yùn)用博弈論的方法對(duì)風(fēng)險(xiǎn)投資領(lǐng)域中的項(xiàng)目選擇過(guò)程中的信息不對(duì)稱的消除進(jìn)行了系統(tǒng)的研究。 本文首先指出在項(xiàng)目選擇過(guò)程中存在四個(gè)信息不對(duì)稱的環(huán)節(jié)，即：項(xiàng)目的真假性；項(xiàng)目中是否隱藏了重大風(fēng)險(xiǎn)；項(xiàng)目的預(yù)期收益是否在投、企雙方信息范圍一致下做出；項(xiàng)目預(yù)期收益是否在信息一結(jié)果映射一致下做出。隨后在研究了這四個(gè)環(huán)節(jié)中信息不對(duì)稱的特征前提下，利用博弈論的方法分別設(shè)計(jì)出在這四個(gè)環(huán)節(jié)投資家獲取企業(yè)家內(nèi)部信息以消除信息不對(duì)稱的方法。在這以基礎(chǔ)上，本文對(duì)信息不對(duì)稱消除這一工作進(jìn)行了經(jīng)濟(jì)分析，主要包括：信息不對(duì)稱的消除對(duì)經(jīng)濟(jì)決策的影響；信息不對(duì)稱度的度量方法；信息不對(duì)稱消除的經(jīng)濟(jì)價(jià)值的計(jì)量。在對(duì)單項(xiàng)目可行性分析中的信息不對(duì)稱消除進(jìn)行了研究之后，本文繼續(xù)對(duì)多個(gè)項(xiàng)目擇優(yōu)中的信息不對(duì)稱如何消除進(jìn)行了研究。在指出多項(xiàng)目擇優(yōu)中存在三種信息不對(duì)稱，(投資家于企業(yè)家之間雙向擁有；企業(yè)家彼此之間擁有)之后，本文在分析了這三種信息不對(duì)稱分別對(duì)多項(xiàng)目擇優(yōu)的影響的情況下，，通過(guò)一系列選擇模式的辨析，最后得出結(jié)論：從正確率，效率，成本的角度考慮，運(yùn)用第二價(jià)格招標(biāo)法是解決多項(xiàng)目擇優(yōu)中信息不對(duì)稱的好方法。
[Abstract]:Information asymmetry exists widely in economic activities and is more serious in the field of venture capital. In this paper, the method of game theory is used to study the elimination of information asymmetry in the process of project selection in the field of venture capital. This paper first points out that there are four information asymmetrical links in the process of project selection, that is, the true and false nature of the project, whether there are significant risks hidden in the project, whether the expected income of the project is in the investment, and whether the scope of information between the enterprise and the enterprise is the same. Whether the expected benefit of the project is made in accordance with the mapping of the result of the information. Then, on the premise of studying the characteristics of information asymmetry in these four links, the method of obtaining entrepreneur's internal information in these four links is designed by using the method of game theory to eliminate the information asymmetry. On this basis, this paper has carried on the economic analysis to the information asymmetry elimination this work, mainly includes: the information asymmetry elimination has the influence on the economic decision, the measure method of the information asymmetry degree; The measurement of the economic value of information asymmetry elimination. After studying the elimination of information asymmetry in the feasibility analysis of a single project, this paper continues to study how to eliminate the information asymmetry in the selection of multiple projects. After pointing out that there are three kinds of information asymmetries in multi-project selection (the investors have the two-way ownership between the entrepreneurs and the entrepreneurs own each other), this paper analyzes the influence of the three kinds of information asymmetry on the multi-project selection. Through discriminating and analyzing a series of selection modes, the conclusion is drawn: considering the correct rate, efficiency and cost, the second price bidding method is a good method to solve the information asymmetry in the multi-project selection.
【學(xué)位授予單位】：中南大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2003
【分類號(hào)】：F062.4

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