Asymmetry information
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Creating credit is the main income-generating activity for banks. However, granting credit always comes with risks. Credit risk is the risk of losing part or all of a debt due to failure to pay on time or default. Credit risk is considered the most important risk affecting banking performance.
13p viwalton 02-07-2024 1 1 Download
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This paper investigates the relationship between earning quality and cash holdings. The study uses the multivariate regression method FGLS to handle the phenomenon of self-correlation and variance change. The study sample consisted of 403 non-financial companies listed on Ho Chi Minh City Stock Exchange and Hanoi Stock Exchange between 2014-2019 with 2418 observations. Research results indicate that companies.
11p viellison 06-05-2024 2 1 Download
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This study "CSR failures in Bangladeshi apparel industry: An agency theory perspective" explores why CSR practices in the fashion industry's global supply chain are susceptible to implementation failures, particularly in the Bangladeshi apparel industry, and how they could be mitigated. Agency theory deals with the issues related to principalagent conflicts arising from information asymmetry. So, agency theory helps understand the CSR implementation problem and possible solutions.
10p longtimenosee04 06-03-2024 1 0 Download
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This article delves into the intricate relationship between information asymmetry and financial reporting comparability, with a particular emphasis on earnings management (EM) in cross-border corporate governance settings.
15p vimichaelfaraday 28-12-2023 4 3 Download
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This paper investigates the asset pricing problem in the context of asymmetric information, focusing on the asset chain, and derives an expression for equilibrium asset prices. The findings of this study contribute to our understanding of how information asymmetry affects asset prices and can be used to inform investment decisions in markets with asymmetric information.
9p vijeff 30-11-2023 5 3 Download
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Continued part 1, part 2 of ebook "Accounting information and equity valuation: Theory, evidence, and applications" provides readers with contents including: casting theoretical light on the empirical valuation literature; valuing multiple-segment firms, how segment-level data are incrementally relevant; a valuation-based theory of corporate divestiture, why financial reporting may fail to resolve information asymmetries; accounting information and equity returns, a derivative of the value function;...
133p mocthanhdao0210 20-11-2023 6 4 Download
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Initial public offerings (IPOs) underpricing is a widely researched area in finance literature. Yet, empirical evidence demonstrating and theoretical models explaining differences in underpricing across countries have remained an enigma in academia for a long time. This thesis consists of three independently interconnected essays that explain differences in underpricing observed across the Group of Twenty (G20) IPO markets.
365p runthenight04 02-02-2023 5 1 Download
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This thesis is divided into six chapters. The current chapter has introduced the thesis. Chapter 2 discusses the background of the institutional features of the Indian IPO market, including the grey market. Chapter 3 (Study 1) introduces an integrated conceptual framework of information sharing, with and without allocation discretion to underwriters. Chapter 4 (Study 2) applies signaling theory in the Indian IPO market setting to understand the effect of the information asymmetry between IPO investors.
234p runthenight04 02-02-2023 4 2 Download
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Money and Banking: Lecture 22 provides students with content about: role of financial intermediaries; liquidity; risk diversification; information services; information asymmetry and information costs; adverse selection; moral hazards;... Please refer to the lesson for details!
31p hanlamcoman 26-11-2022 17 5 Download
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This research investigates whether CEOs using twitter (CEO twitters) influence their compensation. First, we find that CEO_twitters have a significantly positive relation to total compensation (TDC1), confirming that CEO twitters really have effects on compensation.
7p vilexus 28-09-2022 13 2 Download
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If one party has more or better information than the other, an information asymmetry can be assumed. The aim of the study was to identify the origin of incomplete patient-related preoperative information, which led to disruptions and losses of time during pre-anaesthetic patient briefing. We hypothesized that lower employees’ educational level increases the amount of disruptive factors.
7p viisaacnewton 26-04-2022 12 1 Download
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This study, conducted with a sample of Vietnam non-financial listed firms during the period from 2008 to 2015, investigates the impact of accruals quality in the access to bank debt. The result illustrate a positive association between accruals quality and bank debt, even when controlling for other determinants of bank debt and for possible endogeneity between bank debt and accruals quality, which suggests that higher precision of earnings reduces information asymmetries with banks and favors the access of firms to bank loans.
12p vihassoplattner 07-01-2022 11 1 Download
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Chromosomal data can provide very valuable information about karyotypic phylogeny and speciation. This is the first study on karyotype phylogeny and polyploidy variations of the genus Paronychia.
10p tudichquannguyet 29-11-2021 18 2 Download
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According to statistics of the World Bank, every year, the world has nearly 200 million new consumers entering the financial market (WB, 2020). The asymmetry of information about financial products/services between consumers and providers has put many financial consumers at a disadvantage. This imbalance is greater when the consumer's financial experience is low and the level of complexity of financial products/services increases.
11p visteveballmer 06-11-2021 14 0 Download
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The purpose of this paper is to explore the causes of financing difficulties of small and medium-sized enterprises in the Asian context. Recent literature suggests that lack of capital is the most severe constraint for SMEs’ survival and growth. Financing remains a critical constraint for several reasons. Information asymmetry between banks and SMEs retards the loans applications and underdeveloped equity markets deny SMEs future growth opportunities.
17p viuchinaga2711 21-10-2021 16 1 Download
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Our research aims at investigating by what means do firms decide debt maturity (DM) structure in Vietnamese context involving certain levels of financial constraints. It is found that, with stronger financial profiles, unconstrained firms are more likely to endure the effects of liquidity risk and information asymmetry, whereas those constrained seem to be subjected to various consequences resulting from these frictions.
11p sotritu 18-09-2021 24 3 Download
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This study examines the relationship between firm location and dividend. According to agency theory, remotely located firms may use higher dividends to reduce shareholder-manager agency conflicts because of obstacles in observing the managers’ actions. Besides, according to signaling theory, due to information asymmetry, remotely located firms may remain their higher dividend to signal their investors about their prospects.
9p wangxinling 23-07-2021 12 0 Download
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The study was to determine the effect of accessibility, the effect of the cost, the effect of mobile credit loan amount and the effect of regulation on performance of micro and small enterprises. The study was anchored on various theories of Resource based view, Dynamic capabilities, Diffusion of technology, Credit rationing, and the asymmetry of information.
27p nguaconbaynhay12 08-06-2021 21 1 Download
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This paper aims to examine the hypothesis that the method of entrusted lending via farmer-based unions is significant to resolve information asymmetries and facilitate households’ access to bank credit. This paper uses binary logistic regression models applied to data collected from a survey of 548 cinnamon households in Northwestern Vietnam.
9p nguaconbaynhay11 14-04-2021 11 1 Download
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This study aims to examine and obtain empirical evidence of the factors that influence the disclosure of carbon emissions in public listed companies in Indonesia. The factors tested include carbon performance, firm size, profitability, leverage, capital expenditure, the level of asymmetry of company information and environmental performance. The population in this study are companies listed on the Indonesia Stock Exchange.
9p nguaconbaynhay10 22-02-2021 26 4 Download