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Asymmetric Information, Corporate Finance, and Investment by R. Glenn Hubbard is a book available to read on EtoBox.

What is Asymmetric Information, Corporate Finance, and Investment about?

In this volume, specialists from traditionally separate areas in economics and finance investigate issues at the conjunction of their fields. They argue that financial decisions of the firm can affect real economic activity—and this is true for enough firms and consumers to have significant aggregate economic effects. They demonstrate that important differences—asymmetries—in access to information between "borrowers" and "lenders" ("insiders" and "outsiders") in financial transactions affect investment decisions of firms and the organization of financial markets. The original research emphasizes the role of information problems in explaining empirically important links between internal finance and investment, as well as their role in accounting for observed variations in mechanisms for corporate control.

Author

R. Glenn Hubbard

Publisher

Chicago: University of Chicago Press

Published

1990

Language

EN

ISBN

9780226355856

Subjects

Finance, Business, Management