Asymmetric Information, Corporate Finance, and Investment

Asymmetric Information, Corporate Finance, and Investment

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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 activitya€”and this is true for enough firms and consumers to have significant aggregate economic effects. They demonstrate that important differencesa€”asymmetriesa€”in access to information between qborrowersq and qlendersq (qinsidersq and qoutsidersq) 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.Investment, dividend, and external finance behavior of firms. In Determinants of ... Stockholder, manager, and creditor interests: Applications of agency theory. In Recent ... Investment decisions, economic forecasting, and public policy. Boston: anbsp;...

Title:Asymmetric Information, Corporate Finance, and Investment
Author:R. Glenn Hubbard
Publisher:University of Chicago Press - 2009-05-15


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