BankingTransparencyPurpose - This paper aims to investigate the consequences of mergers and acquisitions (M&As) on information asymmetry in the banking sector. Specifically, the authors look at whether specific firm or deal characteristic influence information asymmetry levels between insiders and investors...
banking industry. The analysis plans to shed further light on the association between asymmetric information in the U.S. banking industry and employment. Given that the research in this field has been inadequately explored, the better understanding of the way information asymmetry in the U.S. ...
The underlying theme connecting both my essays is the issue pertaining to information asymmetry and corporate governance.In my first essay, I analyze whether the information environment has an influence in shaping corporate governance mechanisms for large complex banking organizations. In this context, I...
In this study, distance itself as explanatory variable, is exogenous by nature. However, relationship banking may paralyze the approximation of distance and information, as bank-firm has a well-established communication channel. Thus, distance may no longer approximate the information asymmetry. To rul...
Universal bankingbilateral information asymmetrydouble-sided moral hazardcapital structureThe Gramm-Leach-Bliley (GLB) Act of 1999 repealed many provisions of the Glass-Steagall Act that curtailed competition between banks and commercial firms. SigniBanerji, Sanjay...
Define Information asymmetry. means that dispersed shareholders possess much less information than managers about the capabilities and prospects of the firm (Gigler et al., 2014).
We examine the effect of SFAS 115 in a model of average daily bid-ask spreads to test this hypothesis. We find that banks that relied most on using RGL signaling before SFAS 115 experienced widening spreads after its enactment, consistent with SFAS 115 increasing information asymmetry for these...
This paper evaluates the impact of information technology (IT) on the operations of banks and the structure of the banking industry, including implications
Bank credit risk and structural credit models: Agency and information asymmetry perspectives. Journal of Banking and Finance 33.Liao, H. H., Chen, T. K., & Lu. C. W. (2009). Bank credit risk and structural credit models: Agency and information asymmetry perspectives. Journal of Banking &...
The paper is focused on the latest information asymmetry issue in the Czech Republic on the retail banking services market. The problem considers credit union (savings cooperative) business that seemed stable after the problematic restructure 10 years ago. But during this January the payment from Dep...