Conclusion: Information asymmetry is not unique to the NHS in England. Running 12-month totals are a simple method which can be employed by finance departments to detect unusual long-term trends. The activity multiplier method, based on multiple years of historic data, is simple and can be ...
(Stiglitz and Weiss, 1981).Information asymmetryincreases the impact of a firm’s reputation on the cost and amount of capital that can be raised through the financial market: In this scenario, smaller and younger firms are penalized and may be more financially constrained than bigger players (...
( 1997 ), “ Information asymmetry, long‐run relationship and price discovery in property investment markets ”, European Journal of Finance , Vol. 3 No. 3, pp. 261 ‐ 75 . [] []Wang, P., C. Lizieri and G. Matysiak (1997) "Information asymmetry, long-run relationships and price ...
The study sought to find out the relationship between Information Asymmetry and access to finance by Small and Medium Enterprises in Kenya. The study was descriptive and inferential in nature. The specific objective of the study was to examine the relationship between information asymmetry ...
Financial reportingLaw and governanceCultureUsing PitchBook's private equity (PE) database of 4548 PE funds from 42 countries for the 2000 to 2012 period, we find that higher reporting frequency is associated with lower information asymmetry in performance reports from general partners (GPs) to ...
Throughout this book we shall be examining three major categories of asymmetry of information and each of them is introduced in Part I. Here we imagine entrepreneurs wishing to raise funds in order to finance their investment projects. In the following chapters we discuss each of the categories ...
To measure information asymmetry, we use one of the market microstructure measures, bid–ask spread, since it is a well-developed and often-employed proxy in the accounting and finance literature (Krinsky and Lee, 1996, Leuz and Verrecchia, 2000, Roger, 2008, Bhat and Jayaraman, 2009, Ball ...
In this paper we look at how information in societies is organized and how power relationships arise as a consequence of this organization. We argue that many of the observed information asymmetries are not happenstance and, drawing from a wealth of scholarship from the economics and finance ...
Information Asymmetry and firm value: Is Vietnam different? The Journal of Economic Asymmetries, Volume 21, 2020, Article e00147 Toan Luu Duc Huynh,…, An Trong Duong Product market competition and corporate investment: Evidence from China Journal of Corporate Finance, Volume 35, 2015, pp. 196...
Explainable Artificial Intelligence (XAI) is of tremendous importance in this context. We provide an overview of current research on XAI in Finance with a systematic literature review screening 2,022 articles from leading Finance, Information Systems, and Computer Science outlets. We identify a set ...