Information Asymmetry as the Impact Factor on the Financial Security of the State

Abstract:

 Information asymmetry is that each user is guided by the goal of his/her activities. The user information requests are quite varied which determines priorities in providing such information to individual subjects of the financial market which is a component of the financial security of the state. The main purpose of the research is to reveal the characteristics of information asymmetry and its impact on the financial security of the state. Basing on the analysis and synthesis methods, the authors considered the thejretical concept and practical cases of information asymmetry impact on the Ukraine’s financial security. The list of the research methods of the subject under consideration includes the monographic method, techniques of the abstract-logical method, et al. The paper offers the list of subjects of financial security in Ukraine which perform functions within their competence in reducing information asymmetry at the level of the state and economic entities. The particularities and causes of information asymmetry in the financial market were identified and grounded. The research shows cases and spheres where the main problems of information asymmetry occur in financial sphere of national economic and influence the financial security of the state (esp. such problems as: false choice; moral hazard; verification; free-rider et al). The cases of information asymmetry impact on the Ukraine’s financial security were analyzed. This study may be useful for scientific community members and experts of analytical centers who are professionally interested in of information asymmetry and state security problems, as well as financial experts and investors.