Asymmetric Information and Corporate Derivatives Use
نویسندگان
چکیده
John Knopf, Michael Rebello, Dan Rogers, Steve Smith, and John Thorton. We have further benefited from the comments of the anonymous reviewers. We also gratefully acknowledge the contribution of I/B/E/S Inc. in providing earnings per share forecast data as part of a broad program to encourage research on earnings expectations. *Correspondence author, Department of Finance, J. Mack Robinson College of Business, Georgia State University, Atlanta, Georgia 30303-3083; e-mail: [email protected]
منابع مشابه
A Corporate Perspective on Effect of Asymmetric Verifiability on Investors’ Expectation Differences
Investigating the performance of companies is one of the most important issues for the users of accounting information. The purpose of this study was to provide evidence about the effect of asymmetric appropriateness on investors' expectations. The results of the research on accepted companies In the Tehran Stock Exchange during the period from 2012 to 2016. To collect data, a library method wa...
متن کاملA Crystallization-Induced Asymmetric Transformation using Racemic Phenyl Alanine Methyl Ester Derivatives as Versatile Precursors to Prepare Amino Acids
L-Tyrosine and L-Dopa are the precursors in the biological synthesis of amine neurotransmitters. On the other hand, phenylalanine as an aromatic amino acid (AAA) is a precursor in the synthesis of L-Tyrosine and L-Dopa. For some substrates such as amino acids, resolution by the formation of diastereomers offers an attractive alternative. Among different methods in this case, crystallization-ind...
متن کاملInvestigating the effect of ownership structure on banks' risk-taking behavior
The ownership structure is one of the important issues of corporate governance that can affect the efficiency of companies by influencing managerial motivations. The aim of the present study is to investigate the asymmetric effect of ownership structure on bankschr('39') risk-taking behavior. The present study was conducted using the information of twenty-one banks listed on the Tehran Security...
متن کاملIncentive Contracts in a Cournot Duopoly
We discuss how owners can use incentive contracts to guide a manager in a duopoly. We show how owners can use the terms of the contract as a strategic lever and that asymmetric information increases the advantage to the firm with the lower marginal cost. The need for a contract depends on the source of asymmetric information and, using this insight, we show why it is important to distinguish th...
متن کاملAsymmetric Synthesis of Modafinil and its Derivatives by using the Functionalized Silica-based Mesoporous MCM-41
Modafinil [2-[(diphenylmethyl)sulfinyl]acetamide] is used clinically in the treatment of narcolepsy and sleeping disorders. The synthesis of modafinil, begins with the reaction of benzhydrol and thioglycolic acid in trifluoroacetic acid to afford benzhydrylsulfinyl acetic acid. The reaction of acid with thionyl chloride in benzene followed by treatment with ammonium hydroxide gave acetamide...
متن کامل