Bank Financing and Investment Decisions with Asymmetric Information
收藏NBER1987-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2422
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资源简介：
Banks know more about the quality of their assets than do outside investors. This informational asymmetry can distort investment decisions if the bank must raise funds from uninformed outsiders, and assets sold will be subject to a lemons discount. Using a three-period equilibrium model we examine
提供机构：
美国国家经济研究局
创建时间：
1987-10-01
