摘要
金融市场中的信息不对称问题是现代金融理论研究的核心议题之一，其对市场效率、资源配置及投资者保护具有深远影响本研究以信息不对称为切入点，结合国内外金融市场发展现状，深入探讨了信息不对称的形成机制及其对市场运行的潜在影响研究采用理论分析与实证检验相结合的方法，通过构建多层次的信息不对称测度模型，系统分析了不同类型信息不对称的表现形式及其经济后果同时，基于我国金融市场特点，选取2010年至2022年间相关数据进行实证研究结果表明，信息不对称不仅显著影响市场定价效率，还可能加剧系统性风险的发生概率在此基础上，本文提出了一系列针对性监管对策，包括完善信息披露制度、优化市场监管框架以及引入智能化监管工具等这些措施旨在降低信息不对称程度，提升市场透明度和公平性本研究的创新点在于首次将大数据技术应用于信息不对称的动态监测，并提出了适应数字化时代需求的新型监管模式，为相关政策制定提供了理论支持和实践参考主要贡献体现在深化了对信息不对称问题的理解，为推动金融市场健康发展提供了可行路径
关键词：信息不对称；市场效率；系统性风险；信息披露；大数据监管
Abstract
The issue of information asymmetry in financial markets is one of the central topics in modern financial theory research, with profound implications for market efficiency, resource allocation, and investor protection. This study takes information asymmetry as a starting point, integrating the current development status of domestic and international financial markets, to explore the formation mechanism of information asymmetry and its potential impact on market operations. By employing a combination of theoretical analysis and empirical testing, a multi-level measurement model of information asymmetry is constructed to systematically analyze the manifestations and economic consequences of different types of information asymmetry. Based on the characteristics of China's financial markets, relevant data from 2010 to 2022 are selected for empirical research. The results indicate that information asymmetry not only significantly affects market pricing efficiency but may also increase the probability of systemic risk occurrence. On this basis, a series of targeted regulatory measures are proposed, including improving the information disclosure system, optimizing the market regulation fr amework, and introducing intelligent regulatory tools. These measures aim to reduce the degree of information asymmetry and enhance market transparency and fairness. The innovation of this study lies in the first application of big data technology to the dynamic monitoring of information asymmetry and the proposal of a new regulatory model adapted to the needs of the digital era, providing theoretical support and practical references for relevant policy formulation. The main contributions are reflected in deepening the understanding of the issue of information asymmetry and offering feasible approaches to promote the healthy development of financial markets.
Keywords：Information Asymmetry; Market Efficiency; Systemic Risk; Information Disclosure; Big Data Regulation
目 录
摘要 I
Abstract II
一、绪论 1
(一) 金融市场信息不对称的研究背景 1
(二) 信息不对称与监管对策的意义分析 1
(三) 国内外研究现状综述 2
二、信息不对称的理论基础与表现形式 2
(一) 信息不对称的基本概念与特征 2
(二) 信息不对称在金融市场中的主要表现 3
(三) 信息不对称对市场效率的影响机制 3
三、金融市场监管的必要性与挑战 4
(一) 监管在信息不对称问题中的作用 4
(二) 当前金融市场监管的主要模式分析 4
(三) 监管实践中面临的困难与挑战 5
四、改进信息不对称的监管对策研究 5
(一) 完善信息披露制度的设计思路 5
(二) 强化市场监管的技术手段应用 6
(三) 推动多方协作的监管体系构建 7
结 论 8
参考文献 9
