问问这道题a为什么不对

问题如下：

In the context of a publicly listed company, conflicts of interest arising from information asymmetry most likely occur between shareholders and:

选项：

A.

Creditors.

B.

Managers.

C.

Customers.

解释：

A is incorrect because while there is a natural divergence in risk appetite between shareholders and creditors, the primary issue of information asymmetry occurs between the company's management (who possess detailed operational and financial insights) and its shareholders (who rely on disclosed information). Creditors, through contractual agreements and direct interactions, can mitigate some aspects of information asymmetry but are primarily concerned with the company’s ability to fulfill its debt obligations, not the internal strategic decisions that might affect shareholder value​​.

B is correct because managers and directors inherently have more information regarding the company's operations, risks, and potential investment opportunities compared to shareholders and lenders. This disparity in information can lead to a weakened capacity for shareholders to evaluate and influence management decisions effectively, increasing the potential for conflicts of interest where management's actions might not align with maximizing shareholder value​​.

C is incorrect as conflicts of interest due to information asymmetry primarily concern the internal dynamics of the company—between its managers and shareholders—rather than with external parties like customers. The relationship with customers generally revolves around transactional interactions and the quality and pricing of goods or services, not the strategic decisions and performance assessments subject to information asymmetry​​.