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The ubiquity of information asymmetry in reality leads to adverse selection as well as moral hazard and the increase of enterprise's cost and decrease of profit. Thus it has a negative impact on the survival and development of enterprises. This paper regards the enterprise culture as the common sense of the enterprise and the reduction of asymmetric information. It can decrease the transaction costs...
Attributing the frequent occurrences of major safety accidents in Chinese social and engineering system to related the moral deficiency of concerned persons responsible and to expect problem solving by replacing all levels of leaders is an attempt to reduce non-systematic risks to solve the problem of systematic risks, which may plunge the safety supervision system into a mire of ldquosuperficial...
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