| Title | The Analysis of promoting Market Mechanism into Transportation Construction under Asymmetric Information |
| Dept | Transportation Technology and Information Division |
| Year | 2016 |
| Month | 1 |
| Price | |
| Summary | Transportation Construction is characterized by huge sinking cost. In 1990, developed countries had already suffered the result. Then different kinds of Private Public Partnership alternatives brought up rapidly. But the issue of market inefficiency causing by asymmetric information still argue continuously. The study collects the indicated cases of mixed public and private capital transportation construction companies in mainland China and Hong Kong. In the light of disclosure information of finance, traffic information, market mechanism, discuss how promoting market mechanism into transportation construction under more symmetric information and the feasibility. According to the last 20 years disclosure data and observations, transportation construction company under market supervising can still achieve the fundamental target of stable management in various market conditions. But despite of existing financial information disclosure system, more regular or systematic of relative traffic information disclosure still have enormous potential to improve. |
| Post date | 2016/04/08 |
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