In this volume, specialists from traditionally separate areas in economics and finance investigate issues at the conjunction of their fields. They argue that financial decisions of the firm can affect real economic activity and this is true for enough firms and consumers to have significant aggregate economic effects. They demonstrate that important differences asymmetries in access to information between "borrowers" and "lenders" ("insiders" and "outsiders") in financial transactions affect investment decisions of firms and the organization of financial markets. The original research emphasizes the role of information problems in explaining empirically important links between internal finance and investment, as well as their role in accounting for observed variations in mechanisms for corporate control.
R. Glenn Hubbard
Asymmetric Information, Corporate Finance, and Investment [PDF ebook]
Asymmetric Information, Corporate Finance, and Investment [PDF ebook]
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Lingua Inglese ● Formato PDF ● ISBN 9780226355948 ● Editore R. Glenn Hubbard ● Casa editrice University of Chicago Press ● Pubblicato 2009 ● Scaricabile 3 volte ● Moneta EUR ● ID 5659173 ● Protezione dalla copia Adobe DRM
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