Game theory analysis on listed company´s credit behavior

The credit of the listed company has been a hot issue. In this paper, dynamic games of incomplete information was used to explain the credit problems of listed companies. Using the KMRW reputation model, draw the following conclusions: As to the high information costs investors, they tend to uncooperative with the listed company with the condition of certain constraints and enough times of repeated game, while for the low information on the cost of investors, listed companies choose to comply with commitments, investors continue to invest, it is a “perfect Bayesian equilibrium”.