Revelation of US OTCBB Disclosure System to Chinese Over-the-Counter Market Disclosure

Han Ping Chen; Qing Chang

doi:10.4028/www.scientific.net/AMM.427-429.2940

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Revelation of US OTCBB Disclosure System to Chinese Over-the-Counter Market Disclosure
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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 427-429Revelation of US OTCBB Disclosure System to...

Revelation of US OTCBB Disclosure System to Chinese Over-the-Counter Market Disclosure

Abstract:

Integrated Bayesian and Nash equilibrium model, using game theory mathematical calculation method, we researched the game between the government and the market maker in the U.S. OTCBB information disclosure. We concluded that government should strengthen management of the information disclosure mechanism, improve the information disclosure is the key to resolve the problem of asymmetric information, OTCBB information disclosure policies and measures need to be perfected. According to this, we researched the contents of U.S. OTCBB information disclosure and its characteristics, also we analysis the information disclosure system of the U.S. OTCBB experience and Its Enlightenment to China and use for reference.

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Periodical:

Applied Mechanics and Materials (Volumes 427-429)

Pages:

2940-2945

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.427-429.2940

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Online since:

September 2013

Authors:

Han Ping Chen*, Qing Chang

Keywords:

Basic Recommendation, Game Theory, Information Disclosure, Institutional Characteristics

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* - Corresponding Author

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