Research on the Control of Enterprise Financial Security - An Analytical Framework Based on Information Asymmetry

Author: Gan Shengdao
Publisher:
Publish Date: 2006-04-01
Features: This book is a summary of the research outcomes from the National Natural Science Foundation of China project "Research on the Control of Enterprise Financial Security under Information Asymmetry." The entire book adopts a combination of normative research, theoretical models, and case studies to conduct a relatively comprehensive study on the control of enterprise financial security from the perspective of information asymmetry, with a focus on external financial transactions. Chapter 1 primarily discusses fundamental theoretical issues, such as the definition of financial security, the main reasons for enterprise financial insecurity, major measures to prevent financial problems in enterprises, and the research progress of foreign financial scholars on the relationship between financial security and information asymmetry. Chapters 2 to 6 focus on the financial security of enterprises, particularly the severe information asymmetry in external financial transactions, analyzing measures and providing recommendations for the procurement process, credit control process, entrusted asset management process, external guarantee process, and merger and acquisition process in the face of information asymmetry. Chapters 7 and 8 examine the investment financial security risks caused by information asymmetry from the perspectives of special enterprises and investors such as banks and venture capitalists, along with countermeasures. Chapter 9 introduces a complete case study of foreign-invested enterprises in China, showcasing their practices, experiences in credit financial security management, and the potential applicability of these practices to general enterprises in China.