Information asymmetry is one of the pillars of Akerlof's lemon theory, which occurs when owners or managers have a better understanding of the risks and rewards associated with their business than lenders have [24]. In the financial market, asymmetric information is a concern; the distinguishing ...
The statistical scope of relevant indicators refers to the 21 major banks in China according to the statistics of the Statistics Bureau of China Banking and Insurance Regulatory Commission, including China Development Bank, Export-Import Bank of China, Agricultural Development Bank of China, Industrial...