基于环境信息和金融市场不对称博弈模型分析

doi:10.16381/j.cnki.issn1003-207x.2015.12.007

中国管理科学 ›› 2015, Vol. 23 ›› Issue (12): 53-62.doi: 10.16381/j.cnki.issn1003-207x.2015.12.007

基于环境信息和金融市场不对称博弈模型分析

曲国华¹, 张汉鹏², 刘增良¹, 徐岭³, 张振华⁴, 张强¹

1. 北京理工大学管理与经济学院, 北京 100081;
2. 西南财经大学工商管理学院, 四川成都 610074;
3. 北京石油化工学院经济管理学院, 北京 102600;
4. 广东外语外贸大学经济贸易学院, 广东广州 510006

收稿日期:2014-04-22 修回日期:2014-12-02 出版日期:2015-12-20 发布日期:2015-12-31
作者简介:曲国华(1982-),男(汉族),山西静乐人,北京理工大学管理与经济学院博士研究生,研究方向:信息管理与决策科学.
基金资助:
广东省软科学项目(2015A070704051);广东省自然科学基金项目(2014A030313575);广东省哲学社科十二五规划项目(GD12XGL14);广东省教育厅科技创新项目(2013KJCX0072);广州市哲学社科十二五规划项目(14G41)

Game Model Analysis of Asymmetry Based on Environmental Information and Financial Markets

QU Guo-hua¹, ZHANG Han-peng², LIU Zeng-liang¹, XU Ling³, ZHANG Zhen-hua⁴, ZHANG Qiang¹

1. School of Management and Economics, Beijing Institute of Technology, Beijing 100081, China;
2. School of Business Administration, Southwestern University of Finance and Economics University, Chengdu 610074 China;
3. School of Management and Economics, Beijing Instituteof Petrochemical of Technology, Beijing 102600, China;
4. School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou 510006, China

Received:2014-04-22 Revised:2014-12-02 Online:2015-12-20 Published:2015-12-31

摘要/Abstract

摘要： 由于金融市场存在信息不对称使得投资决策者缺乏必要的环境信息,从而导致了投资决策信息不完全、金融资金分配不合理等问题。本文在Nikolaou,Chymis和Evangelinos^[5]提出的环境信息、金融市场不对称博弈模型的基础上,引入政府局中人行为策略,构建了政府、企业与金融市场之间的博弈模型。通过设置相关参数发现,该博弈模型能够覆盖Nikolaou,Chymis和Evangelinos^[5]提出的模型,并证明了在政府局中人参与并满足一定条件的情况下,由环境信息缺失引起的信息不对称问题可以通过引入第三方国际环境审计来解决,从而为我国环境污染问题的化解机制提供新的研究角度。

关键词: 信息不对称, 信号传递, 金融机构, 第三方国际环境审计

Abstract: Due to a lack of essential environmental information, asymmetric information can lead to some problems such as incomplete information for investment decisions and misallocation of financial markets funds in financial markets. Another game model which include three players, government, financial markets and firm is developed by incorporating government moves based on the game model of Nikolaou, Chymis and Evangelinos^[5] financial markets, environmental information asymmetry. By setting the relevant parameters, it is revealed that Nikolaou, Chymis and Evangelinos^[5] model could be covered by above mentioned game model and proved, under the conditions for participation in the government's case, that asymmetric information problem due to the lack of accurate environmental information can be solved by introducing third-party international environmental audit, so as to providing a new research angle for China's environmental problem resolution mechanism.

Key words: information asymmetry, signal transduction, financial Institutions, The third party international environmental audit

中图分类号:

F270

曲国华, 张汉鹏, 刘增良, 徐岭, 张振华, 张强. 基于环境信息和金融市场不对称博弈模型分析[J]. 中国管理科学, 2015, 23(12): 53-62.

QU Guo-hua, ZHANG Han-peng, LIU Zeng-liang, XU Ling, ZHANG Zhen-hua, ZHANG Qiang. Game Model Analysis of Asymmetry Based on Environmental Information and Financial Markets[J]. Chinese Journal of Management Science, 2015, 23(12): 53-62.

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基于环境信息和金融市场不对称博弈模型分析

Game Model Analysis of Asymmetry Based on Environmental Information and Financial Markets

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