A Study on the Adverse Selection Cost of Chinese Stock Exchange

The bid-ask spread in the market microstructure could be divided into order processing cost, inventory holding cost and adverse selection cost (asymmetric information cost).

On the Adverse Selection of Cooperative Medical System And Its Precaution;

Problem of adverse selection under two-sided uncertainty;

Adverse Selection of Equipment Acquisition Market and its Cure Policy──A mechanism design to cure the adverse selection of enterprise;

The principal-agent relationship between supplier and buyer was analyzed on asymmetrical information conditions by which the unobservability of quality level is regarded as that the supplier concealed information from the buyer and,in fact,it is a converse selection problem of t.

By this model, the authors reveal the mechanism of technology-stock based cooperation innovation, study converse selection in technology-stock based cooperation innovation and signal transmitting function of technology-stock proportion to alleviate adverse selection, as well as the significance of reputation mechanism to technology-stock based cooperation.

By application of theoretical models,this paper analyzes the converse selection and moral risk occurred in credit market.

On converse choice of accounting policy in enterprises;

This paper discussed the investor how to conquer the trouble of converse choice by the contract of residual rights of claimant and control.

So the assymetrical information the employer and the employee in job market possess usually lead to the converse choices and moral risks.

The conclusion is as follows:Under the premise that small and medium enterprises have no sufficient collateral security for LGD,although raising the quality of accounting information can resolve part of information asymmetry problem,it can not resolve the reverse choice and moral hazard from this.

Combining with researches at home and abroad,this paper discusses high interest rate of credit card from search and conversion cost,reverse choice and consumer behavior,providing reference for understanding the high interest rate of credit card in our country.

the financial accounting can only offer relatively relevant and reliable information,it is limited to act on in controlling the reverse choice and morals risk,having formed the obstacle to realize the accounting goal,this forces information user to have to look for other information channel,in the hope of more effective decision.

This paper introduced the reverse selection and moral hazard problem caused by asymmetric information,which caused the commercial bank credit appeared the phenomenon of be loath to loan.

The causes are as follows:information asymmetry,theory of principal and agent,moral hazard and reverse selection,etc.