Firm Heterogeneity and Adverse Selection in External Finance: Micro Evidence and Macro Implications
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https://www.nber.org/papers/w34019
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资源简介：
We study the macroeconomic consequences of asymmetric information between firms and external investors. To do so, we develop a heterogeneous firm macro model in which firms have private information about their quality. Private information creates a lemons problem in the market for external finance,
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美国国家经济研究局创建时间：
2025-07-01
