摘要
证券市场中的机构投资者和个人投资者之间存在显著的信息不对称的原因——两者在信息搜寻和信息解读方面存在着显著差异,这两方面的差异导致了机构投资者和个人投资者在信息融入市场过程的行为不同。为了减小信息不对称程度从而提高市场有效性,必须大力发展机构投资者,同时加强对个人投资者的保护。
From the perspective of information economics, we analyzed the reason that there is distinct information asymmetry between institutional investors and individual investors. The remarkable difference between their information search and information analysis process leads to their different behaviors when information is incorporated into market. In order to decrease information asymmetry and improve the market efficiency, institutional investors must be developed greatly and individual investors must be protected at the same time.
出处
《商业研究》
北大核心
2003年第19期76-79,共4页
Commercial Research
