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argue that these findings reflect a situation in which Southern banks have a monopoly of information concerning local firms â€¦
Persistent link: https://www.econbiz.de/10005123529
Market thinness can be an important determinant of the riskiness of stock returns, because it reduces the reliability of stock prices as predictors of future dividends. This paper analyses the relationship between market size and risk as the outcome of rational expectations equilibrium in a...
Persistent link: https://www.econbiz.de/10005661719