Gralewska, Milena; Białek-Jaworska, Anna - In: Journal of banking and financial economics 17 (2022) 1, pp. 17-41
The paper investigates the impact of capital structure and information asymmetry on the value of companies listed on … visible only for long-term debt. On the other hand, despite bigger information asymmetry, companies are valued higher, which … contribute to the literature on firms' use of leverage under information asymmetry, showing higher trust in cash flow than …