Essays on Asymmetric Information Problems
- Editore:
VDM Verlag
- EAN:
9783639106015
- ISBN:
3639106016
- Pagine:
- 80
- Formato:
- Paperback
- Lingua:
- Tedesco
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Descrizione Essays on Asymmetric Information Problems
This book contains three Chapters. After the introduction part, Chapter 1 reexamines a bubble that persists towards synchronization risk. We find that a certain condition that usually does not hold is required for the existence of synchronization risk. Chapter 2 presents a model that explains why asset bubbles collapse despite any delay in arbitrage. An endogenous mechanism for bubble bursting that persists under synchronization risk is examined. Chapter 3 examines the relationship between the level of managerial compensation and the quality of corporate governance in Japan in the period following the bubble burst of 1991-95.
Fuori catalogo - Non ordinabile
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