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framework to analyze the effects of asymmetric information on firms' investment decisions when firms issue equity to finance investment.
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This paper develops a tractable real options framework to analyze the effects of asymmetric information on investment and financing decisions when firms�...
This paper develops a real options model to examine the effects of asymmetric information on investment and financing decisions
This paper develops a tractable real options framework to analyze the effects of asymmetric information on firms' investment decisions when firms issue�...
This paper develops a tractable real options framework to analyze the effects of asym- metric information on investment and financing decisions when firms�...
Abstract—This paper develops a tractable real options framework to analyze the effects of asymmetric information on firms' investment decisions when firms issue�...
Asymmetric information occurs when one party to an economic transaction possesses greater material knowledge than the other party.
We reexamine the classic yet static information asymmetry model of Myers and Majluf (1984) in a fully dynamic market. A firm has access to an investment�...
This paper presents a dynamic asset-pricing model under asymmetric information. Investors have different information concerning the future growth rate of�...
This study develops the real options model to explore how asymmetric information at the time of liquidation ex-post affects a firm's financing.