Computational Com- plexity and Information Asymmetry in Financial Products. Working Paper, Princeton University.Computational complexity and information asymmetry in financial products (extended abstract - Arora, Barak, et al. - 2010S. Arora, B. Barak, M. Brunnermeier, and R. Ge. Computation...
Asymmetric Information in a Financial Market with Jumps. :This paper uses the enlargement of filtrations to analyze the financial strategy of an insider trader in a discontinuous time market where prices are driv... Grorud,Axel - 《International Journal of Theoretical & Applied Finance》...
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 ...
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 ...
This paper shows that revealing public information to reduce information asymmetry can reduce a firm's cost of capital by attracting increased demand from large investors due to increased liquidity of its securities. Large firms will dis... DW Diamond,RE Verrecchia - 《Journal of Finance》 被引量...
Finally, our research results also emphasize the need for XAI compared to mere AI deployment in Finance. However, one of the problems targeted by XAI is not new to research. One may also interpret XAI as a means of information asymmetry reduction. Information asymmetry refers to a state where...
The conditions are specialized when the information asymmetry may be characterized by either a first-degree-stochastic-dominance or a mean-preserving-spread ordering across possible distributions of firm earnings. Possible financing strategies that resolve the information asymmetry are discussed, and the ...
According to capital structure pecking order theory,in order to avoid underinvestment due to equity undervaluation because of information asymmetry,the corporate financing order should be internal financing-debt financing-equity financing.Based on ordered probit model and likelihood ratio test,this paper fi...
Information asymmetries and moral hazards in financal activities: problems and ways of overcoming This article explores the nature and problems of information asymmetry in financial activities. The influence of moral hazard on the functioning of financial corporations in the world is determined. The ...
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) ...