Books review and you can hypotheses advancement
There were an evident rise in the fresh books for the characteristics of relationships between corporate revelation and you will pointers asymmetry. Healy and you will Palepu (2001) point out that visibility in financial revealing decreases suggestions asymmetry ranging from corporate executives and you may funding service providers. Diamond and Verrecchia (1991) show that business revelation is also all the way down an effective firm’s price of money by detatching information asymmetry on bonds industry and by boosting the firm’s coming exchangeability. “Ergo, i expect one loans tend to reduce the number of information asymmetry from the stock market, as follows:”の続きを読む