摘要 : Informational asymmetries between a firm and investors may lead to adverse selection in capital markets. This paper demonstrates that when the market obtains noisy information about a firm over time, this adverse selection problem... 展开
作者 | ARCHISHMAN CHAKRABORTY BILGE YILMAZ |
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作者单位 | |
期刊名称 | 《The Review of Economic Studies》 |
总页数 | 28 |
语种/中图分类号 | 英语 / F |
关键词 | Adverse selection Underinvestment Efficient financing |
馆藏号 | N2008EPST0010540 |