(ILLIQ) and liquidity ratio, and Information asymmetry index (InfoAsy) to examine their relation with firms' debt financing.FindingsConsistent with the prediction of Pecking Order Theory, the authors find that companies for which stock investors are challenged with more severe informational disadvantages...
Therefore we think that symbolic approaches such as the one described above can lead to more robust optimization techniques [35] able to cope better with information asymmetry between the attackers and the defenders, between the developer and the influence of the complex operations environments, or ...
It was Stiglitz, however, who broughtinformation asymmetryto mainstream acceptance. Using a theory of market screening, he authored or co-authored several papers, including significant work on asymmetry in the insurance markets. Through Stiglitz's work, asymmetric information was placed into contained g...
Additionally, from a policy perspective, we show that earnings quality can lead to significant variation in information asymmetry even for firms within a uniform reporting regime.doi:10.2139/ssrn.1266351Neil BhattacharyaHemang DesaiKumar Venkataraman...
With information asymmetry the contracting problem is non-trivial, but can it still be solved in polynomial time? Before we state our main results for these questions, we first discuss the related literature to position our contribution. At its core, the described lot-sizing contracting problem ...
Thispaper describes the way the information derived from the functional size ofsoftware measured using the ISO 19761 COSMIC measurement standard that can helpreduce information asymmetry in software development transactions,and lead to increased competitiveness in the software industry....
Recent Nobel Prizes to Akerlof, Spence, and Stiglitz motivate this review of basic concepts and empirical evidence on information asymmetry and the choice of debt vs. equity. We first review the literature that holds investment fixed. Then we review capital structure issues related to the adverse ...
Information Asymmetry Outside of Economics Asymmetric information exists outside of economics as well. Disproportional information can exist in all facets of life, but one common place where it can be found is within international relations and politics. ...
asymmetry. Whereas information usually refers to particular characteristics about actors or their past behavior, common knowledge usually refers to understandings about how others process information. Generally, this means that actors assume others have the information to act in a consistent (rational) ...
Is it better to move first, or second—to innovate, or to imitate? We show that if one player's information about the profitability of new markets is only modestly superior, the possibility of foreclosing the market can lead to a first-mover advantage. On the other hand, more extreme info...