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" Asymmetric information, corporate finance, and investment / "
edited by R. Glenn Hubbard.
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BL
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| Record Number
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1016822
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b771192
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| Title & Author
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Asymmetric information, corporate finance, and investment /\ edited by R. Glenn Hubbard.
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| Publication Statement
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Chicago :: University of Chicago Press,, 1990.
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| Series Statement
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A National Bureau of Economic Research project report
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| Page. NO
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1 online resource (ix, 343 pages) :: illustrations
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| ISBN
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0226355942
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: 1282069950
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: 6612069953
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: 9780226355948
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: 9781282069954
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: 9786612069956
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0226355853
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9780226355856
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| Notes
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Papers presented at an NBER conference held in Cambridge, May 5-6, 1989.
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| Bibliographies/Indexes
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Includes bibliographical references and indexes.
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| Contents
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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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| Abstract
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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.
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| Subject
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Corporations-- Finance, Congresses.
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Investments-- Mathematical models, Congresses.
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Securities, Congresses.
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BUSINESS ECONOMICS-- Corporate Finance.
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BUSINESS ECONOMICS-- Finance.
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Corporations-- Finance.
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CORPORATIONS.
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FINANCE.
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INFORMATION.
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Investments-- Mathematical models.
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INVESTMENTS.
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Securities.
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Financieel management.
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Investeringen.
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Coleção Valores e atitudes., Valores.
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| Dewey Classification
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658.15
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| LC Classification
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HG4006.A89 1990eb
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| Added Entry
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Hubbard, R. Glenn.
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