Asymmetric information, corporate finance, and investment /
General Material Designation
[Book]
First Statement of Responsibility
edited by R. Glenn Hubbard.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
Chicago :
Name of Publisher, Distributor, etc.
University of Chicago Press,
Date of Publication, Distribution, etc.
1990.
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
1 online resource (ix, 343 pages) :
Other Physical Details
illustrations
SERIES
Series Title
A National Bureau of Economic Research project report
GENERAL NOTES
Text of Note
Papers presented at an NBER conference held in Cambridge, May 5-6, 1989.
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references and indexes.
CONTENTS NOTE
Text of Note
Macroeconomic models with equity and credit rationing / Bruce C. Greenwald and Joseph E. Stiglitz -- Collateral, rationing, and government intervention in credit markets / William G. Gale -- Do firms care who provides their financing? / Jeffrey K. MacKie-Mason -- Bank monitoring and investment : evidence from the changing structure of Japanese corporate banking relationships / Takeo Hoshi, Anil Kashyap, and David Scharfstein -- Sustaining investment, discretionary investment, and valuation : a residual funds study of the paper industry / John S. Strong and John R. Meyer -- Are large shareholders effective monitors? An investigation of share ownership and corporate performance / Richard J. Zeckhauser and John Pound -- Economic and financial determinants of oil and gas exploration activity / Peter C. Reiss -- AIL theory and the ailing Phillips curve : a contract-based approach to aggregate supply / Roger E.A. Farmer -- Liquidity constraints in production-based asset-pricing models / William A. Brock and Blake LeBaron -- Understanding stock price behavior around the time of equity issues / Robert A. Korajczyk, Deborah Lucas, and Robert L. McDonald -- Investment, financial factors, and cash flow : evidence from U.K. panel data / Michael Devereux and Fabio Schiantarelli -- Financial systems, corporate finance, and economic development / Colin Mayer.
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SUMMARY OR ABSTRACT
Text of Note
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 r.
ACQUISITION INFORMATION NOTE
Source for Acquisition/Subscription Address
OverDrive, Inc.
Source for Acquisition/Subscription Address
OverDrive, Inc.
Stock Number
1AD7860F-5D35-4C7F-BEC9-0251F8CA9427
OTHER EDITION IN ANOTHER MEDIUM
Title
Asymmetric information, corporate finance, and investment.