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Finance and Development: The Case of Southern Italy
Faini, Riccardo
;
Giannini, Curzio
;
Ingrosso, Fulvio
-
C.E.P.R. Discussion Papers
-
1992
argue that these findings reflect a situation in which Southern banks have a monopoly of
information
concerning local firms …
Persistent link: https://www.econbiz.de/10005123529
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2
Market Size, the Informational Content of Stock Prices and Risk: A Multiasset Model and some Evidence
Pagano, Marco
-
C.E.P.R. Discussion Papers
-
1986
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
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