Information Asymmetry and Financial Development Dynamics in Africa
نویسندگان
چکیده
منابع مشابه
the link between information asymmetry and conservatism in financial reporting
the main goal of this paper is determining the link between information asymmetry among equity investors and conservatism in financial reporting. becouse we argu that information asymmetry between equeity investors generates accounting conservatism in financial statements. conservatism reduces the manager's incentives and ability to manipulate accounting numbers and so reduces agency costs...
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Traditional economics argues that financial derivatives, like CDOs and CDSs, ameliorate the negative costs imposed by asymmetric information. This is because securitization via derivatives allows the informed party to find buyers for less information-sensitive part of the cash flow stream of an asset (e.g., a mortgage) and retain the remainder. In this paper we show that this viewpoint may need...
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................................................................................................. 3 LIST OF ABBREVIATIONS ..................................................................... 4 CONTENTS .................................................................................................. 5 CHAPTER 1: INTRODUCTION ............................................................... 7 1.1...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2623467