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.
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Produktdetaljer
ISBN
9780226355948
Publisert
2018
Utgave
1. utgave
Utgiver
Vendor
University of Chicago Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter